ABQ POSTS "RESULTS OF MEETING" - MARKET DRIVES SHARES EVEN LOWER!

Results of the "Extra Ordinary General Meeting" were sent to the Australian Stock Exchange this afternoon by Allied Brands Ltd. (ABQ).

With the majority of the company held by insiders, the results of course were never in doubt - despite a massive shareholder vote against the "mate's loan" for non-performing CEO Shane Radbone.

Market reaction? Shares have now been driven below the 15 cent "sucker's price" - for those with more money than brains.

The market has spoken, it's all downhill from here.

PANIC GRIPS SEABEACH, LET THE BACKSTABBING BEGIN!

In a surreptitious email this morning, we were advised that management is in a scrum trying to figure out how to avoid their company looking like this picture.

Even middle management is panic stricken, with a phone call this morning with migration investigators who have demanded more information from Allied Brands (ABQ) regarding visa sales to Koreans with bad Baskin Robbins locations. There are serious charges being reviewed and still these managers are too scared to pass the information to Shane Radbone - who spends more time lining up speaking engagements instead of dealing with the dudded investor community.

These documents reveal the tragedy that has been caused to several Korean families who were told the Baskin Robbins company in Korea was one of the Allied Brands company owners, and guarantee their investment in Australia.

NEW SHARE OFFER COLLAPSING, PANIC SWEEPS GOLD COAST OFFICES OF ALLIED BRANDS

We were tipped about the frantic meetings, panicked looks, and shouted phone calls that have occurred this week as Allied Brands (ABQ) management, stunned that their "share offer" to existing share holders has collapsed.

It is reported that of the thousands of Allied Brands shareholders, literally only a handful have responded to the share offer - clearly people suckered once into their purchase of this company's shares are loathe to do any more of their dough. In the letter released to the Australian Stock Exchange (ASX) yesterday, Allied is now pleading with shareholders to take up more of these share. A now impossible task without "mate's money" being committed.

As evidence of the panicked state of affairs, the letter given to the ASX is addressed to "A B Sample", living on "123 Sample Street", in "Sampletown NSW". Apparently so panicked is management and staff that even simple letters aren't being checked! More embarrassment to management!

But then again, continual mistakes are commonplace at this Mickey Mouse organisation. Perhaps the reason the sum of the parts (Baskin Robins, Cookie Man, Awesome Water, Kenny's Cardiology, and now Villa & Hut) are much less than what was paid. Tens of millions in shareholder value is missing.

Allied Brands has assumed millions in debt from Villa & Hut, paid-off the founder, sold "guaranteed" shares to new part time management, and earmarked almost a $Million for the current non-performing CEO, Shane Radbone. Investors and local Gold Coast media are now concerned that without this influx of cash, Allied Brands Ltd. will quickly be seen as "Trading While Insolvent", with their primary cash producing brands in their dead season. No one buying ice cream or biscuits for Christmas in the dead of winter.

With the announcement by the ASX yesterday that another Gold Coast fraudster Eddie Groves has had his personal funds frozen by the ASIC, a chill is being felt at by the directors and management at Allied Brands Ltd.

ALLIED HIRES MORE EXECUTIVES AS PAYOFF FOR SHARE PURCHASE - WHEN WILL THE BIG SALARIES STOP?

In an announcement to the ASX yesterday, Allied Brands Ltd (ABQ) has announced that two more executives have been hired. These two include

Tom Krulis: Formerly head vacuum salesman at Godfrey's, the new VC owners quickly lost faith in this executive who now has a ceremonial role. It's clear that experience with this firm, along with his previous job as a solicitor, will translate well with the "sucky" environment at Allied Brands. With almost 50% of the Godfrey's chain disgruntled franchisees, Krulis experience at franchisee abuse should go down well with the current group of franchise-killing executives.

Barbara O'Brien: Got to the top spot at Breville thanks to her close association with the founder (she's the daughter). We all know about Breville - an internet search for "Breville & Junk" tells you all you need to know about this Chinese-made stuff, where Aussie jobs were exported to the people's republic.

Of note is that both of these companies were sold out by their Australian owners, and massive numbers of Aussie jobs were exported to China in the process. Now they've joined Allied Brands, who is busy killing more Australian jobs by their philosophy of "screw the franchisees, all the money is for us".

Funnily enough, their jobs at Allied Brands clearly overlap responsibilities of the current crop of overpaid & failing executives. So Allied Brand's board philosophy is now revealed -- when the current executives can't do their jobs, let's hire more overpaid executives without sacking the failures!

No wonder Allied Brands is bleeding cash and the last half yearly report showed salaries and executive perks skyrocketing!

However the key to this absurd action comes in the next statement from the ABQ announcement --- "Both Barbara and Tom have personally invested in the group by participating in the recently announced sophisticated investor placement". So unlike the rest of the "unsophisticated" mom & pop investors who have bought into Allied Brands and seen their share price collapse, these "investors" have been guaranteed their so-called investment by the handing of cash over by the company to them as "executives"! What a scam!

This along with the sweetheart loan provided by Allied Brands to that other non-performing executive Shane Radbone show the rest of the market how much cash is being paid out just to keep this sinking ship afloat.

Sources internally indicate that another shakeup is likely to begin soon, with the accounting staff tired of their instructions to abuse franchisees and keep the money coming in. Aware that many of these franchisees (both Baskin Robbins and Cookieman) have seen their sales collapse their businesses into trading-while-insolvent territory, the daily ritual of arm twisting by this junior staff has morale at an alltime low.

ALLIED BRANDS EMPLOYEE WARNING

A general warning to workers at Allied Brands Ltd (ABQ) and sub-companies.

A REPORT HAS BEEN RECEIVED THAT ALLIED BRANDS HAS NOW HIRE A COMPUTER EXPERT TO LOOK THRU COMPUTER RECORDS FOR WRITERS TO THIS INFORMATION CENTRE. THIS INCLUDES ALL SUB COMPANIES INCLUDING COOKIE MAN AND AWESOME WATER.

YOU SHOULD TAKE CARE TO SAFEGUARD YOUR MESSAGES TO US SO THAT YOU DON'T GET UNNECESSARY TROULBLES FROM THE COMPANY.

COOKIEMAN STAFF SHOCKED AT BASKIN ROBBINS PROBLEMS, GROW CONCERNED FOR THEIR FUTURE

Cookieman employees have written to us advising that there was a bushfire of concern yesterday, after employees first got wind of the widespread problems with the Baskin Robbins franchisees.

Most were unaware directly of the problems at parent Allied Brands Ltd., (ABQ) although they have provided more evidence of the cash shortage being experienced by Allied Brands. Yesterday, after a tip from one of the Allied Brands employees at Surfers, office and management staff at Cookieman headquarters near Sydney read with horror the stories of abuse of the Koreans, as well as the continued cash drain for which Allied Brands is attempting to raise additional cash under the guise of purchasing Villa & Hut. Some staff called key franchisees with Cookieman to advise them of the information, although many have already been advised of the issues. Stories from the several locations on the internet were printed out for other staff and circulated in the office.

More information coming shortly. . . . .

ALLIED BRANDS KOREAN WOES INCREASE IN COMMUNITY REPORT

The discontent in the Korean community with dud Baskin Robbins locations has been previously reported HERE.

A new article has been sent to us detailing the hardship many of these Koreans have endured at the hands of Allied Brands Ltd. (ABQ) management. This scheme has fouled many innocent Koreans and is evidence of the legal and moral morass Allied Brands has become.

Their plight is further detailed here. Important for Korean Peoples to read!

KOREANS VICTIMISED BY BASKIN ROBBINS

AWESOME WATER BOYS ENGAGE LEGAL REPRESENTATION TO GET $3.6MILL

The great thing about our small country is that people can't help but spread the goss.

A Brisbane-area contact over the weekend let slip "Matt and Drew Edwards who sold Awesome Water to Allied Brands are very upset that they got screwed over and legal action is inevitable. They've engaged legal counsel to go after the $millions$ they were shortchanged by ABQ management with the "dud" shares. Apparently they have a recorded statement from the MD saying "at the rate we're growing you'll be getting shares worth $2".

Maybe it was supposed to be .02cents! That's where the shares are heading!

EDWARDS BOYS SLEEP, GET SCREWED OUT OF $3.6MILL BY GOLD COAST SLICK-O'S - CRY THEMSELVES TO SLEEP

In any event, this is about to spill leaving Allied with little way to run this company on their own. They can't even run an ice cream shoppe!

ABQ SHARE PRICE PLUMMET CONTINUES THIS MORNING.

ALLIED BRANDS LTD (ABQ) price continues to plummet this morning.

The system shows a massive number of "sell" orders in the queue - well over 1 million shares are hoping vainly for an "uptick" at which they can unload this dog on someone else.

ALLIED BRANDS LTD. (ABQ) MISSION STATEMENT

ABQ SHARES CONTINUE TO TANK AS REALISATION OF THEIR FINANCIAL CONDITION BECOMES CLEAR

As the new week starts, Allied Brands Ltd. (ABQ) shares continue their downward slide to oblivion.

One share holder wrote this past weekend "what good is all this information for those who have already seen their investments collapse"? Hopefully it will expose these dodgy directors and prevent them from using dishonest company tactics to exploit other franchisees and share investors.

We're also advised that the ASX has placed Allied Brands Ltd. on a watch list. Apparently standing by, watching investors money slip away.

AUSTRALIA STOCK MARKET SHOWS NO ONE INTERESTED IN ALLIED BRANDS ABQ SHARES ANYMORE

ONE WEEK HAS ELAPSED.

NOT ONE ALLIED BRANDS LTD (ABQ) SHARE TRADED ON THE ASX BY AUSTRALIAN INVESTORS (AKA SUCKERS).

MAYBE INVESTORS HAVE TIRED OF THE CONTINUED FALSE PROMISES FROM ALLIED BRANDS MANAGEMENT?

OR MAYBE INVESTORS ARE NOW ANGRY THAT MORE SHARES ARE BEING DIVERTED TO CEO SHANE RADBONE AFTER SUCH BAD COMPANY PERFORMANCE!

WHEN IS AN "INVITATION" A BAD THING?

Title of shareholder document sent to current share market LOSERS.

It would be more effective if it said "Invitation to Get Swine Flu", or "Invitation to Flush your Dough down the Dunny".

Judging from shareholder comments received to date, all have been STUNNED to discover the majority of these funds are to be used to prop up rapidly declining cash reserves, and a "mate's loan" to CEO Shane Radbone. And even more stunned that they aren't being told the full story about the massive debt carried by Villa & Hut!

"VILLA & HUT" CLONE "SAMSARA" FAILS - HUGE LOSSES, SCREWED FRANCHISEES

Villa & Hut competitor Samsara, a Gold Coast-based coffee shop and Indonesian homewares junk importer, has collapsed leaving very angry franchisees and huge debts.

THE ANNOUNCEMENT on the failure notes that "While the Samsara model includes Asian cafes, it typically relies on the importation of exotic Asian furniture and gifts from the ‘cheap and nasty' to unique beauty produced by masterful craftsmen sitting on dirt floors in third world countries."

SOUNDS EXACTLY LIKE VILLA & HUT!

Peter "Pinnochio" Graham (pictured above) has said that Villa & Hut would make $1.5million in profit the first year - so why would the founders sell out to Allied Brands for $1million? Normal business valuations would indicate Villa & Hut should sell for $6million to $7million. The whole deal smells dodgy, and Samsara portends the future for Villa & Hut.

These kinds of businesses are among the first to go when discretionary income is no longer available to their customers. Funny, but instead of overpriced coffees and junky Balinese furniture, people prefer to PAY THEIR RENT!

Founders are being investigated for "Trading While Insolvent". The aggressive investigation by the Rudd Government of franchisor companies "trading while insolvent" has likely put a chill thru the Allied Brands offices. These clever directors have given each general manager "full responsibility" for each of their brands. When the crash comes, they'll find that the fine print of their contracts makes THEM responsible for any ASIC issues, not the board.

Allied Brands Ltd. (ABQ) reported cash on hand in June of 08 of $4.2million, by December 31 this had over halved to $1.9million. Even more misleading however is their claim to have $3.4million in "assets held for sale" - in reality both new and repossessed shops, Baskin Robbins, CookieMan, Kenny's Cardiology, that are grossly overvalued and a huge cash drain on the company. ALL OF THEM are reported to be showing operational losses, with rents, employees, utilities, and other costs a giant cash vacuum on the Allied Brands balance sheet. And the shortage of product for no apparent reason can only be cash-flow related.

As their primary cash cows CookieMan and Baskin Robbins are now in their slow winter seasons, it's no wonder they're trying to raise more capital under the guise of their Villa & Hut acquisition. It would appear that Allied Brands could easily be out of cash by the end of the financial year without this emergency capital raising.

MAJOR FINANCIAL ADVISOR MDS AGREES - ALLIED BRANDS (ABQ) DUD INVESTMENT

Leading investment advisor MDS FINANCIAL GROUP has issued their guidance on the Allied Brands Ltd (ABQ) "Share Purchase Plan". Under this plan, most of the money is earmarked NOT for the rumoured distress-purchase of Villa & Hut, but instead they're shoring up Allied Brands quickly deteriorating cash position and providing a "mate's loan" of $750,000 at abusively favourable terms to non-performing CEO Shane Radbone.

Radbone is required to stump up not one dollar to purchase these shares, with other terms unrevealed by management.

As much of the Global Financial Crisis has been caused by public company directors and management "looting" the company to fill their own pockets, apparently Allied Brands hasn't learned the lesson of these shareholder issues. And in most cases these were public companies that justified their "looting" by claiming shareholders had seen increases in their investments. ABQ has shown no such increases, but just a slow, steady slide in share price alongside their declining cash balance.

MDS confirms Allied Brand's liquidity and company stability "poor". It also notes that it devalues the current 100 million+ shares by 17.5%. This after the company has worked hard to devalue the shares over the last two years. It's the ultimate in company greed and shareholder stupidity - get the existing suckers (sorry, INVESTORS) to stump up more money.

And franchisees have by far the largest stake in this company, a stake secured only by the fair and equitable operations of the company. Without franchisees, Allied Brands ceases to exist. And as franchisees continue to fail and ABQ either closes these shops or operates these loss-makers themselves (something they have proven time and time again they don't know how to do), the company moves closer to the brink of failure. In Brisbane? Look at the big mess the company has on its hands at New Farm!

The MDS report is HERE.