bcs resumes trade

BrisCon has resumed trading 15 Jan 2010 deferred settlement with no further instalment to pay for the buyers.

New ASX code is BCS.


At time of post there are buyers for 1,524,000 units stacked up on the bid side of the market depth -- but there are no sellers.

It's the opposite of the Nicholas Bolton era when the sellers were stacked up on the sell side but there were no buyers.


Current situation could be due to restrictions on brokers for sellers to demonstrate that they have met the $1 final call before allowing the trade.

In any case, there is a BrisCon Private Auction alternative:

http://www.settlemate.net.au/Private...0/Default.aspx

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DISCLOSURE

I, David Barrow and my sole-director companies SettleMate Pty Ltd and DefaMate Pty Ltd are holding 1,200,000 BrisCon units

The Julie Anne Barrow Charitable Trust, of which I am a director of the corporate trustee for this charity, now only holds 20 BrisConnections Stapled units -- whereas the unit holdings as at 29 April 2009 were 5,609,666