AuDA said:AuDA terminates Australian Style Pty Ltd (t/a Bottle Domains) registrar accreditation
15/Apr/2009
auDA has today terminated the registrar accreditation of Australian Style Pty Ltd trading as Bottle Domains, for a serious breach of its obligations under the Registrar Agreement.
In February 2009, auDA was notified by the Australian Federal Police that there had been a security incident which affected customers of Bottle Domains. Refer to auDA Announcement 10/02/09 .
auDA has since discovered that Bottle Domains was the subject of an earlier security incident in April 2007, which auDA believes may have caused or contributed to the security incident in February 2009.
Bottle Domains failed to notify auDA at the time of the April 2007 security incident, which was a breach of its obligations under the Registrar Agreement.
Information recently provided to auDA by Bottle Domains about the April 2007 incident revealed that it did not reset customer passwords or alert its customers to the possibility that their account information had been accessed by third parties. Bottle Domains also failed to conduct an independent security audit to verify that the security vulnerability had been fixed, and that there was no other unauthorised access to its systems.
“auDA takes security issues very seriously,” said auDA CEO, Chris Disspain. “In our view, Bottle Domains’ failure to deal properly with the security incident in April 2007 demonstrated an alarming disregard of the potential risks to its own customers, and to the overall stability and integrity of the Australian DNS.”
“Given the seriousness of the matter, it is appropriate that auDA terminate Bottle Domains’ registrar accreditation.”
The domain names of Bottle Domains’ customers are NOT at risk. auDA is in the process of contacting all those whose domain name is registered through Bottle Domains to provide them with all the information they need (see Information for people who have registered their domain name through Bottle Domains) .
-ENDS-
Not sure whether this question has been asked or answered, but as April 21st is coming real soon (next week), I just have a question regarding the liability.
According to Brisconnections communications, 21 April is date when liability for payment is determined.
As I have already signed an acceptance form to sell my share to a third party, if the transfer has not occurred before 21 April, then I am liable for the $1 call. If the transfer occur after 21 April, does it mean the new owner is not liable, but I am still liable.
IE, if transfer after 21 April, I need to pay $1 but at the same time I don't have any shares anymore.
Not sure whether this question has been asked or answered, but as April 21st is coming real soon (next week), I just have a question regarding the liability.
According to Brisconnections communications, 21 April is date when liability for payment is determined.
As I have already signed an acceptance form to sell my share to a third party, if the transfer has not occurred before 21 April, then I am liable for the $1 call. If the transfer occur after 21 April, does it mean the new owner is not liable, but I am still liable.
IE, if transfer after 21 April, I need to pay $1 but at the same time I don't have any shares anymore.
...will the charity be able to pay the $1 per unit instalment on it's 5% holding and if not what will be the fate of the charity ?
To add to the above questions, were you surprised that you only got 5%? were you making people aware/announcing that you were after their units? if so why dont you think everyone donated them?
It just seems so odd that unit holders have been given a way out, yet havnt taken it. I surpose people who are not up to date with their info or dont use internet forums might not be aware of all the people/groups interested in acquiring units.
Not sure whether this question has been asked or answered, but as April 21st is coming real soon (next week), I just have a question regarding the liability.
According to Brisconnections communications, 21 April is date when liability for payment is determined.
As I have already signed an acceptance form to sell my share to a third party, if the transfer has not occurred before 21 April, then I am liable for the $1 call. If the transfer occur after 21 April, does it mean the new owner is not liable, but I am still liable.
IE, if transfer after 21 April, I need to pay $1 but at the same time I don't have any shares anymore.
Our refrain is still: There are many possible outcomes between now and when the 29 April 2009 liability may crystalise for unitholders on that date (only).
And we also note that if there is any shortfall in meeting the liability on 29 April, then of course the Underwriters will step in to meet the commitment, and there will then be a Public Auction of the forfeited units on or around 4 June 2009 [see ASX 9 Dec 2008 BCSCA announcement Fact Sheet para 18] -- at which time the long-term value of the project may well have improved in line with the views we share with others (including BrisConnections themselves) on the investment fundamentals of the project.
We have been working a viral campaign, commencing 7 April 2009 (only 8 days) -- including our presence on this forum.
Informational lags have impeded the spread of our active BCSCA acquisitions -- but momentum is now building. The unitholders who discover us really want to reduce their exposure to the possible downside. We expect this will likely intensify up until the current 22 April 2009 last day to transfer without call liability (the liability of which will then formally crystalise later, as we know, on 29 April for unitholders on the registry at that date).
We continue to actively acquire BrisConnections units by way of share transfer donations.
So if you happen to know of any unitholders who may be interested in donating their BCSCA units to charity, we would appreciate if you might suggest that they visit our website for more information and help us get the word out:
http://www.barrow.org.au/
David C. Barrow, Trustee, The Julie Anne Barrow Charitable Trust
David,
There is very little information about the "Julie Anne Barrow Charitable Trust" on your website. It does not seem to me that this is a long established or well known charity, or one that has a great deal of resources (money). So obviously, you also do not intend paying the future installments and are banking on some other outcome. But I don't see how you are expecting to make money from the arrangement. ...
With regard to any public auction of forfeited units in early June, what are your expectations in terms of auction price per unit and specifically do you expect it to cover all the liability associated with the second instalment ($1.00 per unit or more) ?Our refrain is still: There are many possible outcomes between now and when the 29 April 2009 liability may crystalise for unitholders on that date (only).
And we also note that if there is any shortfall in meeting the liability on 29 April, then of course the Underwriters will step in to meet the commitment, and there will then be a Public Auction of the forfeited units on or around 4 June 2009 [see ASX 9 Dec 2008 BCSCA announcement Fact Sheet para 18] -- at which time the long-term value of the project may well have improved in line with the views we share with others (including BrisConnections themselves) on the investment fundamentals of the project.
I agree with nathanblack and Absolutely and am skeptical of David Barrow's intentions.
Owning 5% means JAB Charity will be up for $19.5 million in the next $1 call, and I doubt they would have that much laying around in the pretty cash tin.
So my conclusion is, this is a publicity exercise by David Barrow to promote the JAB Charity.
The Queensland Government will not help investors in BrisConnections with a bailout, Premier Anna Bligh says.
So my conclusion is, this is a publicity exercise by David Barrow to promote the JAB Charity.
To whom though? To us few posters who happen to post on an internet forum in a specific thread about BCSCA? I think that seriously overstates the influence of ASF in broader circles of humanitarian purposes.
...I tell you what, if I had held BCSCA I would be down on my knees begging for JAB Charity to take the shares off my hands. Hell, I might just even believe in religion because I would see it as a lifeline. Not that I 'get' why JAB wants these things, but who am I to question their strategies.
It beats me why the guys on here get so strung up on having to know every little detail of a potential purchaser's strategies. I think it only adds to the confusion and nervousness of any retail unit holders reading this site.
Just having my two bobs worth like you sails.
Reading everybodies angle on this may give insight into potential stategies and outcomes such as predicting what Bolton was really up to before he double crossed his fellow unitholders.
JAB Charity has already got media coverage and the big "photo opportunity" will come on judgement day when the charity fails to pay up and the heat will be on the underwriters (Macquarie and Deutsche) whether or not to bankrupt a charity.
David,
I don't get it. I just don't get it!
There is very little information about the "Julie Anne Barrow Charitable Trust" on your website. It does not seem to me that this is a long established or well known charity, or one that has a great deal of resources (money). So obviously, you also do not intend paying the future installments and are banking on some other outcome. But I don't see how you are expecting to make money from the arrangement.
Without being rude, I am seriously wondering if you are legitimate.
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