BCS brisconnections unit trusts

From Saturday's Courier Mail... "In court arguments were...

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    From Saturday's Courier Mail...

    "In court arguments were confined to BrisConnections' contention that Bolton's attempt to convene a wind-up meeting was flawed because it was for an improper purpose, or because ASI was insolvent. But behind the scenes, BrisConnections chairman Trevor Rowe had a number of negotiations with Bolton.

    Rowe's suggestion was to reinstate the dividend and defer the $1 instalment due in April. That would have seen Bolton pocket $4.5 million for his investment - and perhaps, if the April instalment was deferred, let him sell out before bigger liabilities kicked in."
 
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