BCS brisconnections unit trusts

Ann: Trading Halt , page-4

  1. 14,217 Posts.
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    i reckon it might have something to do with companies set up by Jim Byrnes (or some american guy) and Nicholas Bolton

    These companies may be just shelf companies.

    Being incorporated they are seperate entities and therefore the people who set them up stand to lose nothing if they go broke

    the companies then are offering to buy peoples shares

    it works well for all concerned. By purchasing shares from investors stuck in a bind it is helping them to get out of paying instalments and the companies concerned can determine the destiny of Brisconnect

    however there is some doubt about whether they can actually purchase the shares I think.

    an amazing story

    better than a best seller if you ask me

 
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