- Joined
- 28 October 2008
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- 39
Perhaps what the forum needs is intensive care, a morgue and a cemetery.
This one would obviously be in intensive care but by the end of the day it might be in the morgue.
Perhaps what the forum needs is intensive care, a morgue and a cemetery.Agree with Sails - ramping surely isn't going to be a problem!!
I think it should go back into the General Chat section.
Perhaps what the forum needs is intensive care, a morgue and a cemetery.
This one would obviously be in intensive care but by the end of the day it might be in the morgue.
A failed attempt to knock off Trevor Rowe as chariman of the meeting.Here's an update on the meeting titled "BrisConn boss faces fire": http://www.brisbanetimes.com.au/qld-news/brisconn-boss-faces-fire-20090414-a5cn.html
In all seriousness that is something worth considering.I think it would be prudent to have any of these "CA", "CB" etc partly paid units in a separate category to normal ASX shares with three letter codes. At least it might help ASF members in the future to realise they are not normal...
BrisConn wind-up move fails - full report here: http://business.brisbanetimes.com.au/business/brisconn-windup-move-fails-20090414-a56b.html
No sign yet of any results from the meeting, but Trevor Rowe's presentation to the meeting is here:
http://newsstore.theage.com.au/apps/previewDocument.ac?docID=GCA00943808BCS&f=pdf
While the wind up vote failed (as expected) it would be interesting to see the numbers as they may offer a guide as to how Nick Bolton's other resolutions will fare.
Source: http://www.abc.net.au/news/stories/2009/04/14/2542371.htm?site=brisbaneThe BrisConnections board urged investors to vote against the resolution and it was defeated by a margin of 64 per cent to 36 per cent.
Indeed.How interesting to be a fly on the wall.
I was just listening to ABC radio. They crossed to an interview with a reporter at the meeting. The reporter said Nick Bolton voted against the resolution to wind up BrisConnections!
Two court cases and hundreds of thousands of dollars in court cases to have the meeting, and he voted against his own resolution.
There are another six resolutions to follow....
BrisConnections chairman, Trevor Rowe, told an angry meeting of unit holders that Mr Bolton's company, Australian Style Investments, had voted against all seven resolutions when its proxies were received on Saturday.
Had Bolton supported the wind up resolution the vote in favour would have been around 56% which would have has the RE on very shaky ground in relation to the other resolutions.The twists and turns in this thing are unbelievable. If the media report on the vote percentages is correct, Bolton's votes would have probably got it through - although I'm not sure of his exact percentage.
I makes one wonder what deals have already been done, what went on in the meeting Bolton had with Rowe, etc.
Mr Rowe said there was no offer to retail shareholders to absolve them of their installment payments.
''We are dissappointed with that and have been working very hard ourselves,'' Mr Rowe said.
''As the events of last week showed you, we got close, but we weren't able to get a proposal from the underwriters over the line. We have had umpteen meetings to try and resolve this, but as I stand before, I don't have an answer to all this.''
In a dramatic twist to the BrisConnections saga, rebel shareholder Nicholas Bolton has sold his 77 million shares to Leighton Holdings subsidiary Theiss-John Holland.
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