OnQ, the parent of the collapsed Bill Express company, has announced the appointment of administrators. This move was only a matter of time given once Bill Express collapsed.
I am a creditor of OnQ as are most newsagents. The Agreement I signed commits the company to paying rebates as outlined in Schedule D attached to the Agreement. While the company will claim that it varied the Agreement, I’d like to hear how a judge views that. In the meantime, I’ll register as a creditor. If I get a form for this I will post it here.
I will be interested to see what happens now with ETT, a public company 43% owned by Bill Express. If it collapses that will be three related ASX listed companies collapsing.