ASIC last week based Sandro DiDonato from being a director for four years because of matters relating to the collapse of Bill Express and OnQ. Check out the report in The Sydney Morning Herald.
I June 2008 I blogged about Sandro DiDonato and his role in a web of companies related to Bill Express.
It will be interesting to see if any of the Bill Express directors are ever held accountable.
Newsagents lost millions of dollars from Bill Express, They were led into the bill payment business by the ANF without any due diligence and buckled in the face of high pressure selling techniques – locking them into five year contracts.
Mark;
Thanks for the continued updates. Have we heard anything about the equipment that i still have gathering dust?
Bill Payment – after the BillExpress pain.
Well its been some time since the BE debacle hurt newsagents. What are the learnings from that experience? Do you miss the extra foot traffic that came with the bill payment offer? Would you consider another bill payment solution that did not require capital investment, was more thoroughly put through a due dilligence process and that brought that foot traffic back?
Would love your thoughts.
Chris.