The Brisconnections Extraordinary Meeting - in more ways than one

The extraordinary meeting held by Brisconnections on Easter Tuesday at the demand of major shareholder Nick Bolton proved to be more extraordinary than expected.The motions he had put forward were defeated on a ratio of about two to one.But that was not the twist.The twist was that his shares were voted against his own motions.You see, over the weekend, Mr Bolton had sold his voting rights for the meeting to one of the Subsidiaries of Leighton, the company building the freeway funded by BrisCon, for $4.5 million.Which makes him a rather unpopular chap with various of the people who are at odds with BrisCon. This includes not only the poor old mum and dad shareholders, but also various other share market buccaneer types out to make a quick megabuck.One of the articles about the whole debacle said something like the 'white knight turned out to be a dark knight'.Maybe so, but what did you expect? Mr Bolton is from a well to do background, and has been well taught in how to remain well to do by the clever use of family trusts, shelf companies and the like, such that he can easily and happily take the sort of actions which other, less well off, people would find extremely risky. And more so than that, Mr Bolton IS A CYCLIST!That in itself says it all. Did you expect him to be a saint? Given what I always write about regarding the evils of cyclists, that would be unlikely.Hopefully all this stuff not only reflects badly on Bolton and the even more appalling characters hanging around the top of BrisCon, but also damages the image of cyclists further.