re:charity acquiring stock, page-11

Thanks for the support beermee

The Julie Anne Barrow Charitable Trust is approaching a 5% stake in BrisConnections (BCSCA).

The charitable trust is still actively acquiring BrisConnections units by way of share transfer donations.

Pasting-across-forums, I did happen to have a telephone conversation with Nicholas Bolton on 8 April when Nick called me some 30 minutes after BrisConnections announced on the ASX that the Macquarie deal had been unsuccessful. It was some 10 mins into our conversation when I got the impression that Nick was not so well informed on the breaking developments. When I pointed out that the Macquarie proposal had failed he seemed to be a bit stunned and I suggested that he call me back after he had consulted with his advisors.

Nick did not call me back nor send me any further emails. It seems that not long after we spoke on 8 April that Nick was then likely propositioned by Leightons for $4.5m.

It does not surprise me that Nick took the money and ran. In my opinion -- Nick is no David before Goliath.


David C. Barrow, Trustee, The Julie Anne Barrow Charitable Trust

http://www.Barrow.ORG.AU