[UpFromTheGut]

Feel free to correct me, but I believe the trust was funding for the ~$5B project that BrisConnections was beginning. If the trust was dissolved, BrisConnetions would be unable to complete their project. In order to protect their project, they purchased Bolton's voting rights.

[pyre]

Bolton sold the rights to the contractor that was to build the toll road:

> Bolton had already sold his voting rights to Thiess John Holland, the design and construction contractor for the Airport Link

BrisConnections is the one that raised the money in trust (which was why they were meeting about dissolving the trust).

> BrisConnections, backed by Deutsche Bank, Credit Suisse Group, JPMorgan Chase & Co. and Macquarie Bank, raised A$1.23B ($1.16B) in July last year through the sale of an unusual equity security called a stapled unit.

Thiess John Holland bought the voting rights so that they wouldn't lose the contract with BrisConnections if it went under (which the dissolution of the trust would have caused). To them it was a deal since there was a lot more than A$4.5million at stake here.

Bolton:

1. Bought a controlling share in the company/trust

2. Brought about a situation that would cause the company/trust to collapse (which a lot of other investors were in agreement with)

3. Sold his controlling share's voting rights off to someone that had an interest in seeing that BrisConnections didn't go under.

4. Still holds the shares that he's going to owe $1 on for the next to 'periods,' but separated the shares and the payment for voting rights so that he gets to keep the money and just let the other business die in debt.