ALLIED BRANDS SHARES CONTINUE SLIDE AS ASX ACTS AGAINST ILLEGAL ACTIONS BY DIRECTORS

Despite massive open market Allied Brands Ltd share purchases (activity that accounts for most of the activity in the shares on the nominated dates) by Chairman and Director Lachlan McIntosh recently, the share price continues to collapse as word of the critical Baskin Robbins supply problems circulates from the franchisees to the general public.

A company like Korda Mentha is well aware of all the trickery and deceit that goes on by directors desperate to avoid a collapse of their company. Will Korda Mentha have any fiduciary responsibility to the franchisees and share holders when Allied Brands collapses? Korda Mentha partners have been blocked in accessing daily information about Allied Brands Ltd. on their company computers - a firewall that would do the Chinese communists proud! Information still is coming from these disgruntled partners who are witnessing the tarnishing of what was formerly their good name.

This collapse comes on top of court orders exposing more LIES by Allied Brands, which has been systematically withholding important information from the ASX that are leading to court sanctions against the Directors and senior Management.