QIC 9.9% plus Capital Group 7% plus Macq 8.1% = 25% so assuming Capital are with management & that these figures still hold, the Nick Bolton wind up EGM now seems doomed. He'd be better off concentrating on the 50.1% majority motions - & maybe force these 3 instos to buy the remaining on-market overhang. If Mums & Dads are out and the rest are held by Byrne & Bolton, public sympathy will be minimal. Doesn't really solve the can't pay/won't pay issue so still lots more fun to come. I supect that in the end, the tunnel will get built, and in due course the users, builders, lawyers and maybe even financiers will be happy but residual shareholder value will be negligible.
BCS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
