Bill Express requested the ASX suspend their shares for a further two weeks this morning. What is not clear from the announcement is the status of Optus mobile phone recharge on the Bill Express / Dialtime network. The status is complicated by some newsagents reporting that they cannot access Bill Express / Dialtime through their in-store terminals.
Like many newsagents, in my stores we have contingency plans in place and have purchased Optus prepaid cards for sale to customers. Â This product along with what we can access online from our eziPass platform helps us maintain satisfaction for most customers.
The challenges faced by newsagents through this uncertainty are not dissimilar to those being faced by Bill Express and OnQ shareholders as the their recently appointed corporate adviser investigates the complex related party structure inside the businesses. In each case, the value of what we have is outside our control and is changing rapidly under our feet.
Um…has anyone read the statement that BE gave the ASX.
Im no financial genius but does it not say that OnQ has had a margin call on its lending.
that says to me that there bankers are very nervous and are circling.
Forget about seeking legal advise asking if we can get out of these contracts.
My worry now is, is there any liabitity back to merchants if BE goes belly up.
Oh I also like the tone of the FACTS !!!! that Be provided us today.
adam
so if BXP goes down,do we still have to pay the $500 monthly fee even if they dont provide any service.
what can I say
well deserved 😛