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.