LAWYER WITH A HEART IS VERY BUSY
GLENN “Lawyer with a
Heart” Vassallo (illustrated) has been a busy boy lately. Not only is the boss of Queen St-based GRT Lawyers training for next month’s Noosa Triathlon, but he’s been running the legal ruler over a number of top deals around the city.
The latest deal saw Vassallo acting for local electric vehicle recharger company Tritium, which has just attracted investment from US-based Gilbarco Veeder-Root. The deal will allow the
Trevor St Baker- backed company to accelerate the roll out of electric vehicle rechargers around the globe. Vassallo says he’s also working on a few initial public offerings in the mining and resources sector.
Meanwhile, in the litigation space we hear Vassallo’s colleague Ashley
Hill is preparing to do battle with Clive Palmer over a deal gone wrong in Western Australia. GRT is the only law firm in Australia set up solely to fund a charitable foundation. You might recall that Vassallo was the legal eagle who wanted to take a $150,000 pay cut at his previous law firm to set up a charity providing counselling services for children. When the partners said no, Vassallo set up his own firm that now funds the GRT Foundation. The foundation runs Child’s Play, a child psychology practice run by Vassallo’s wife Eliza, and Giveability, which helps special needs children with equipment, therapy and health services.
IN THE STU
BRISBANE stock whisperer
Stu Smith was right on the money about October being a risky time for the stock market. On Monday, the veteran Bell Potter stock broker quoted the classic Mark Twain novel
Pudd’nhead Wilson about October being a particularly dangerous time to speculate in stocks.
To be fair, July, January, September, April, November, May, March, June, December, February and August also were mentioned. Stu has been around long enough to know that whatever goes down must go up. “This (correction) too shall pass,” Stu tells your diarist. Yesterday, the ASX 200 rose almost 12 points after its 166-point sell off on Thursday.
LOCAL entrepreneurs Dan Allen and Ed Ross have just spent 24 hours in a loo, but it wasn’t anything to do with an upset tummy. The former carpenters who now run TradeMutt, a social enterprise selling a line of colourful work shirts for tradies, were locked down in port-a-loos in the middle of the Queen Street Mall on Thursday night to highlight the importance of men’s mental health and suicide prevention. The event was livestreamed on Facebook with people around Australia tuning in to see how the ex-chippies were faring. “I managed to get a few hours of sleep on the floor, but Dan was up all night updating Facebook,” says Ed. Six men die each day by suicide, a shocking statistic TradeMutt wants to change. The business donates a proportion of profits from the sale of its workwear to support mental health and suicide prevention programs throughout Australia.
ICON Group co-founder
Cathie Reid has been in touch to tell us that her whirlwind tour through Europe, which included the Paris fashion shows, had a more serious side.
Reid says the trip also included a round of business meetings about AUCloud, the cybersecurity business that Reid and husband
Stuart Giles have invested in. Reid, who also chairs AUCloud, says the company is now seeking to raise $15 million through a placement of 25 million shares at 60¢ each.
CONGRATULATIONS to medical equipment manufacturer Cook Medical Australia for picking up a gong at the Premier of Queensland’s Export Awards. The Eight Miles Plains company, which exports endovascular stent-grafts as well as products used in the IVF process, won the top health and biotechnology award. Earlier this year, the company announced it was expanding with the establishment of a second manufacturing shift and adding 94 jobs to meet export demand.