BCS brisconnections unit trusts

I reckon asic needs to sort this out quickthere is a hell of a...

  1. 14,217 Posts.
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    I reckon asic needs to sort this out quick

    there is a hell of a lot of market manipulation here

    Bolton is probably buying shares with the intention of winding up the company and getting the divi

    Macquarie is buying shares to stop him from winding up the company

    WHERE ARE THE REAL INVESTORS?!?!!!!!

    these people are just share market manipulators

    the market is just a joke.

    check out this excellent post by 618800

    http://www.businessspectator.com.au/bs.nsf/Article/Will-Macquarie-get-a-vote-$pd20090331-QMSFJ?OpenDocument

    QIC (10%)+Capital Group(7%) + MQG (8.2%) total at least 25% of BCS to block special resolution to wind it up. Therefore, not much point for Bolton to acquire more units on-market.

    However, litigators, IMF is considering applying to the court to prevent Macquarie from voting at any shareholders' meeting which would neuter the 8.2 per cent of BrisConnections Macquarie bought on market.

 
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