I received a copy the annual report from the liquidator of On Q (a Bill Express related party) this week. It details a situation as messy as that being investigated by the Bill Express liquidator. The report documents some suspected voidable transactions, what look like questionable loans, a question about possible insolvent trading and a raft of poor practices. They are pushing for a public examination.
While there is nothing in the report for newsagents, it is interesting to see the On Q mess through to the end.
I see a gold BMW with the number plate ‘ONQ’ around Brunswick all the time… wonder if it’s attached?
Bit surprised news items about the Bill Express case have not been updated. Sandro Di Donato from Activ8me/APN was in court today. Read Jason Bryce’s Banking Day) tweets:
http://twitter.com/jasonbryce
Sandra I had not seen this. Notice the post from this morning referencing the report in The Age.