Ok, ok, so I might be going overboard with my enthusiasm on the Simon and Garfunkel reunion – but humour me. A toll road is not a bridge. But it’s close.
Have you heard the story about Nick Bolton. He’s the shareholder threatening progress on Australia’s biggest infrastructure project.
His story is a lesson in always reading the fine print when snapping up a bargain. He thought he’d found one when he bought 47 million shares in the company building the Brisbane Airport Toll Road – BrisConnections. They cost him $47,000. The small print pointed to two future payments of $1 per share. But he missed that bit. Ouch.
Not to be deterred – or overly concerned about the looming $94 million payment he’ll have to make – Nick is trying to close down the company. He’s almost a majority shareholder – and there are others who are in the same boat.
He’s currently in court. It’s a funny story. Shame he doesn’t listen to Muse. Their lyrics may prove prophetic in his case. Ahh Muse. They’ve got a song for all seasons…
“take, take all you need
and i’ll compensate your greed
with broken hearts…”
“Say, it’ll make you insane
and it’s bending the truth
you’re to blame
for all the life that you’ll lose and
you watch this space
but i’m going all the way
and be your slave to the grave”
– Lyrics from The Small Print, by Muse