MARKET CONFIRMS, ABQ PRICE SLIDE CONTINUES

After a week of market action which has seen many of the Australian consumer shares go UP, Allied Brands (ABQ) half yearly report has been received with disdain by the market.

Shares have now gone to .14, with continued pressure on the downside as punters look to clear out their non-performing shares.

And while a large number of shares in ABQ are held by insiders, the sales book looks to be increasing as mom & pop finally begin to realise what suckers they've been.

Market cap is now $14 million, fully 20% BELOW the amounts paid for Cookie Man, Awesome Water, and Kenny's Cardiology. With the biggest potential cash spinner, Baskin 31 Robbins, worth nothing?

And with ABQ showing a huge number of unsold franchises on their books (and the market for new franchisees something approaching ZERO at the moment), someone's got to ask - where's the cash going to come from to keep this chain operating?