NICHOLAS BOLTON will be 27 on Monday. He has scruffy hair, wears vintage suits and claims on his Facebook site to have never read a book. He also admits to riding a bicycle around his Melbourne office. The self-styled, 26-year-old Melbourne internet entrepreneur built a complex corporate structure of holding and subsidiary companies and related trusts that houses a collection of mostly information technology and investment businesses. In 2008 he bought AU$47,000 worth of shares at a deeply discounted price of 0.1c for a total stake of 23.7% of Brizconnection. The partly paid units require a further payment of two installments of $1 over a period of time totalling his obligation to BrizConnections at $150 Million. It was widely assumed that Nicholas Bolton had dug his own financial grave. Rather than taking the fall, however, Bolton has trumped the Macquarie Bank and investment hard-ballers by declaring a Shareholders Meeting to wind the company up. Furthermore he has begun taking over the partly-paid units of smaller shareholders - the "mum and dad" investors - in order to increase his stake in the company. For those families, Nicholas Bolton, has become a White Knight in a very dark investment world - his offer to take over the shares saves them from what would have been certain bankruptcy. A mere $1000 dollars would have netted you 1 million shares with a further obligations of 2 dollars, making your total owing 2 million dollars. So heres to Nicholas Bolton - White Knight of australian sharemarket. (read less) NICHOLAS BOLTON will be 27 on Monday. He has scruffy hair, wears vintage suits and claims on his Facebook site to have never read a book. He also admits to riding a bicycle around his Melbourne office. The self-styled, 26-year-old Melbourne internet entrepreneur built a complex corporate structure of holding and subsidiary companies and related trusts that houses a collection of mostly information technology and investment businesses. In 2008 he bought AU$47,000 worth of shares at a deeply... (read more)Personal Interests:It should be noted that this fan club is in no way, shape or form, affiliated, run, looked at, endorsed or even noticed by Nicholas Bolton. It is merely an appreciation for a guy that can pull some seriously good moves.
Being Awesome. Buying ridiculous amounts of shares and laughing. Playing with Iphone during court precedings. Putting half naked photos on facebook.
BCS Price at posting:
0.0¢ Sentiment: None Disclosure: Held