BCS - BrisConnections Unit Trusts

[jim Byrnes]

Dear Unit holders



I am looking for an original IPO purchaser.



Preferably with 2000 to 5000 units only



The person most preferable is someone who believed what they said in the PDS

They believed that they would get a good return based on the PDS



They may have been encouraged to buy by Macquarie bank advisors (That’s a bonus)



They have little in the way of assets.



That person is the perfect person to be the plaintiff in the class action.



The funder will meet all there cost and expenses



If you fit the bill, please contact j.byrnes@alfpl.com

 

[MeToo]

Just got of phone with E*trade rep, as of 5.00pm, there were no notes to my account to highlight that there is transfer request for my BCSCA shares.

Looks like I am still the registered owner for tonight.

 

[JAB_Charity]

Special Processing - Last Day Transfers (22 April)

Dear All,

We have finally put in place processing arrangements where we are receiving donations of BCSCA units via:

(1) CommSec to CommSec account; OR

(2) From your Link sponsor-registered


** No other Brokers -- e.g E*Trade can now be handled **


This Last Day Transfers (22 April) special processing will be available at the following times Only:


(A) Transfer Forms collected BY 11AM (drop-dead-line) WED 22 April from the serviced office of The Julie Anne Barrow Charitable Trust:

63/85 Grattan Street, Melbourne VIC 3053

(B) Transfer Forms collected BY 4PM in CBD Sydney [collection points to be confirmed].


This is an invitation to treat -- not an offer.

The Forms will not be checked for accuracy with respect to the Seller's details -- so as always you lodge at your own risk. No guarantees on valid lodgment.


We charge NO handling or admin fee. Management have no direct benefit or fees payment from the Charitable Trust.


If interested -- please email:

David@Barrow.ORG.AU


David C. Barrow, Trustee,



http://barrow.org.au/

 

[drsmith]

Re: Special Processing - Last Day Transfers (22 April)

David,

How did the interlocutory hearing go in relation to getting the transfer deadline delayed ?

 

[JAB_Charity]

Re: Special Processing - Last Day Transfers (22 April)

How did the interlocutory hearing go in relation to getting the transfer deadline delayed ?

No extension. Will update later.


David C. Barrow, Trustee, The Julie Anne Barrow Charitable Trust

http://barrow.org.au/

 

[Judd]

So. Provided you hold 50,000 units or less on 14/4/2009, Macquarie is prepared to take them off your hand at zero cost and pay the $1 installments. If installment has already been paid Macquarie will refund you.

See ASX announcement.

 

[drsmith]

In terms of units that would not cover much.

Still, MeToo and others with holdings up to 50000 units can now rest easy. It's also another crack in the dam.

 

[MeToo]

I won't believe it till I actually get the offer documents and it gets widely reported in the press.

 

[drsmith]

I won't believe it till I actually get the offer documents and it gets widely reported in the press.

You can believe it. It's an official announcement from both Brisconnections and Macquarie.

This I suggest is designed to get the original subscribers off the hook as they would have been prinicipally smaller unitholders. This is perhaps what Jim Byrnes was referring to last week.

It's interesting that that larger unitholders are excluded to the extent that they cannot contribute any of their shares. Jim might have his legal team working late tonight.

 

[freddy2]

Assuming a minimum tradable parcel of $500 (?) this means anyone who bought for less than 1c (eg ignorant retail investors) will miss out on the Mac Bank deal.

 

[drsmith]

Assuming a minimum tradable parcel of $500 (?) this means anyone who bought for less than 1c (eg ignorant retail investors) will miss out on the Mac Bank deal.

True but that could be the next crack in the dam.

After that it will then be down to the underwriters reaching an agreement with the larger unitholders or slugging it out in court.

 

[jim Byrnes]

Brisbane Toll Road link (BTRL) v BrisConnections update.

Today BTRL and there lawyers finished briefs of evidence to counsel.
Today BTRL and Lawyers delivered to separate teams of barristers Draft statements of claim for settling (that means they put it in the best legal terms)
Tomorrow three lawyers and The in house corporate representative of BTRL will be with 2 JNR counsel and 2 QCs finalizing claims and preparing the final version of the affidavits.
This Week there will be two applications filed in two different jurisdictions.
Supreme Court.
1) An application to wind up BCML.
2) a declaration There has been a breach of continuous disclosure and in particular Listing Rule 3.1
3) A declaration That BMCL has engaged in misleading and deceptive conduct or conduct which is likely to mislead and deceive as it has not made public the information which Brisbane Toll Road Link has relied upon to its detriment.
4) That the call be subject to injunctive relief.
5) Costs
6) Damages

Federal court
A Class action is now almost ready to be filed which will include ALL UNITS HOLDERS.
We have identified statements contained in the PDS which are without question false and misleading. There is no defense to several of the points raised in the claim as we have UN refutable proof that the some of information supplied in the PDS is wrong, false, and untruthful. Not to mention false and misleading.
The class action will include all current unit holders , all previous unit holders , the class action will also seek additional damages equal to the next two instalments that the Brisbane supreme court ruled on Macquarie’s application that in the event of a winding up the instalments are still payable , this means as a result of Macquarie , the financial advisor to BCML having a very active role in the PDS , that Macquarie will be a second defendant for a claim within a range now deemed to be between $1.3 Billion and $1.8 billon dollars .
No unit holder should consider any claim from Macquarie until clearly understanding there options. The sale of your units does not automatically remove your claim in a class action. There will be a specific class of claimants who are past unit holders.
Macquarie will no doubt seek to get unit holders who agree to sell to them to give up there rights.
Original unit holders are also likely to be in a separate class and may be entitled to receive 100% return of there money less funders cost and legal’s
James W Byrnes & Associates
j.byrnes@alfpl.com

 

[Prospector]

There is no defense to several of the points raised in the claim as we have UN refutable proof that the some of information supplied in the PDS is wrong, false, and untruthful. Not to mention false and misleading.

Now that is an interesting development. No doubt the lawyers are being well paid for all these actions.

 

[jim Byrnes]

A little bit of relief in sight .Macquarie bank has agreed to make some form of conditional offer to the small unit holders.

BEWARE. THE SMALL UNIT HOLDERS ARE LIKELY TO HAVE THE LARGEST CLAIMS AGAINST BCML AND MACQUARRIE.

SO IF YOU PAID 30C OR 50C OR $1-00 , THE CLASS ACTION WOULD LIKELY SEE A RETURN IN TIME OF 66% OF YOUR INVESTMENT PLUS INTEREST .

WHAT DO MAC WANT
THEY WANT TO MOP UP THE PEOPLE WHO HAVE REAL AND PROPER CLAIMS.

THE CLASS ACTION WILL HOWEVER AUTOMATICALLY CATCH EVERY PERSON AND WILL REQUIRE AN APPLIACTION TO THE COURT TO BE RELEASED IN THE SHORT TERM

THIS WILL SCUTTLE THE OFFER

 

[jim Byrnes]

Now that is an interesting development. No doubt the lawyers are being well paid for all these actions.

LET ME ASK YOU .
DO YOU THINK WE WOULD HAVE ARRANGED FOR A FUNDER TO COMMIT $1 MILLION IN FUNDING IF THEY DID NOT BELIEVE THERE WAS A GOOD CASE .

ONCE DISCOVERY GETS UNDERWAY , REALLY TREVOR SHOULD CONSIDER A 26 WEEK CRUISE .

HE KNEW WHAT WAS BEING DISCUSSED WITH MAC BANK .
HE KNEW DAM WELL WHAT WAS GOING ON WITH LEIGHTONS .

I HAVE WORKED OUT HOW TO TELL WHEN THE BOARD ARE TELLING LIES ...
THERE LIPS ARE MOVING ....

 

[Prospector]

LET ME ASK YOU .
DO YOU THINK WE WOULD HAVE ARRANGED FOR A FUNDER TO COMMIT $1 MILLION IN FUNDING IF THEY DID NOT BELIEVE THERE WAS A GOOD CASE ...

I am sure you feel there is a good case; it is problematic for the entire project if a PDS has errors, even more significant if those errors are the result of deceit or negligence or omission. Its just a shame that in all of this, the only people who stand to win, without having experienced any of the personal angst of mum and dad investors, is the legal profession.

 

[brty]

Jim,
You really are comic relief in all this to those of us that are bystanders. Plus you are a fly in the ointment to the establishment here.

I thought this was a lawyerfest a few weeks ago but had no idea how complicated it would all get with the shennanegans of the last week or 2.

I can't help but notice how Bolton has control of 19.9%, you have up to a similar amount say ~17%? and JAB ~7%?. All it would take is a few discussions with another party with ~7%? to really make things interesting at the boardroom level.
I cannot help but notice how you are not bagging Bolton anymore, perhaps some discussions are already underway.

All I really know is that Macquarie should get their bums kicked for even allowing the possibility to eventuate. If they had only bought all stock available at .1 cents up to 19.9% they would have been much safer, rather than only 8%. Hence the mad scramble at the last minute.

brty

 

[jim Byrnes]

Jim,
You really are comic relief in all this to those of us that are bystanders. Plus you are a fly in the ointment to the establishment here.

I thought this was a lawyerfest a few weeks ago but had no idea how complicated it would all get with the shennanegans of the last week or 2.

I can't help but notice how Bolton has control of 19.9%, you have up to a similar amount say ~17%? and JAB ~7%?. All it would take is a few discussions with another party with ~7%? to really make things interesting at the boardroom level.
I cannot help but notice how you are not bagging Bolton anymore, perhaps some discussions are already underway.

All I really know is that Macquarie should get their bums kicked for even allowing the possibility to eventuate. If they had only bought all stock available at .1 cents up to 19.9% they would have been much safer, rather than only 8%. Hence the mad scramble at the last minute.

brty

BOLTON TRANSFERED HIS INTEREST TODAY .
HE IS FAR FROM OF THE HOOK .
BUT I AM GOING AFTER THE DEEP POCKETS FIRST .
HE IS FAR FROM OF MY RADAR . TRUST ME HIS TIME WILL COME SOON ENOUGH .
HAS ANYONE GOT WILLIAMS CONTACT DETAILS
I WOULD LOVE TO HAVE THE LAST LAUGH ..BUT AS I HAVE STATED .
BCML AND MAC BANK FIRST , BOLTON WELL LET ME JUST SAY NICK YOUR NOT FORGIVEN
MR WILLIAMS , YOUR BEING SPECIFICALLY EXCUDED OUT OF THE CLASS ACTION . AS I WANT TO SEE YOU BANKRUPT SO I GET A TRUSTEE TO GO AFTER ASI/BOLTON .

 

[jim Byrnes]

I am sure you feel there is a good case; it is problematic for the entire project if a PDS has errors, even more significant if those errors are the result of deceit or negligence or omission. Its just a shame that in all of this, the only people who stand to win, without having experienced any of the personal angst of mum and dad investors, is the legal profession.

Here is one point we believe is unable to be 100% proved correct.
The PDS

In Big letters says Brisbane is the fastest growing capital city in Australia …suffering from critical transport and capacity constraints (page 7)

Thereafter they say forecast population growth 2004 2031
Brisbane is the fastest growing capital city in Australia
Source Bureau of statistics.

Ok all you wiz kids

I will give $250-00 to the first person to email me a copy of any public documents from the bureau stating Brisbane is in 2008 the time of making the statement , April may to be more correctly put ..Brisbane is the fastest growing capital city in Australia
James W Byrnes & Associates

j.byrnes@alfpl.com

 

[brty]

Jim,
Keep the $250 for the lawyers....

http://www.abs.gov.au/AUSSTATS/abs@...0A92BD4DEF2E5026CA25711D00161A77?OpenDocument

However, it is Brisbane SD which continues to have the highest growth rate of all of Australia's capital cities, its population increasing by 1.9% (33,300 people) over 2004-05.

http://www.abs.gov.au/Ausstats/abs@...ummary&prodno=3218.0&issue=2006-07&num=&view=

Released at 11:30 AM (CANBERRA TIME) 03/31/2008

Queensland

* The population of Brisbane (C) surpassed the population milestone of 1 million during 2006-07, to reach 1,010,000.
* Of all Statistical Local Areas (SLAs) in Australia with a population greater than 2,000 as at 30 June 2006, the three fastest-growing were in Brisbane SD, namely Wakerley (22.0%), City-Inner (21.2%) and Griffin-Mango Hill (20.2%).

Actually Jim, donate the money to charity

brty