The ANF announced to its members on Tuesday that the ANF (acting?) CEO met with the Bill Express Administrators on Monday. They provided a Q&A about issues discussed at the meeting – suggesting they are on top of the Bill Express issues and that they have information from the Administrator. Why, then, did the ANF only discover today that they creditors meeting is to be held tomorrow? I suspect the first the ANF heard about the creditors meeting was at this blog. The Administrators letter to creditors is dated July 10. If I was meeting the Administrator Monday I would have made the claim then about newsagents being creditors.
VANA sent out a communication to newsagents today saying that newsagents should send proxies for the ANF if newsagents are owed commissions. This is not well thought through. Every Bill Express newsagent who has taken a bill payment between February and when the company collapsed is owed money because of the Bill Express decision to hold back bill payment money for a marketing fund. This is different to recharge commission.
The ANF has today faxed to newsagents calling for them to vest their proxy to the ANF. I have a problem with this given the role of the ANF in promoting Bill Express to newsagents in the first instance.
Any newsagent wanting me to act as their proxy at the creditors meeting tomorrow should email me mark@towersystems.com.au. The deadline for us having the proxy form is noon tomorrow. We can arrive at the meeting with these.
This is all so unjust to all Newsagents who are caught up in this Bill Express situation. Keep your chins up, thankfully people are showing true conviction.
My view is I think there is more than one enemy your dealing with.
Sadly, missed the deadline with the ANF and for your offer of proxy vote. I should have read here yesterday when I was frantically trying to send the fax to ANF (the line was busy continuously). What will it matter (at the final outcome) for those of us who missed the deadlines? Does this mean we will not be spoken for or represented? And if so, what else can we do?