Bill Express fallout grows

Here is an interesting article on the status of the “hell or high water” contracts that newsagents though Bill Express have with Mobius Financial Services. Apparently the potential value of these totals about $15 million.

I noticed that Allco, the owners of Mobius have not released an ASX announcement about it probably as it does not affect them, as this potential loss will be worn by many of the bond holders of Mobius not them.