ALLIED BRANDS ACQUISITION TARGET BIG DAD'S PIES RUNS TO SIGN WITH RETAIL FOOD GROUP

Shock and anger swept the holiday offices of Allied Brands on Christmas Eve.

Despite insiders being told these last two weeks that a "big acquisition" of Big Dad's Pies would be announced by Allied Brands (ABQ) before year-end, CEO Shane Radbone and Tony Cavanaugh were both huddled in their offices eating shit sandwiches after Big Dad's announced their sale to Retail Food Group (RFG)!

Allied Brands has been desperately looking for another purchase target in part to justify more money raising and share marketing. Big Dad's was to provide them with that opportunity.

Big Dad's however, shocked by the flood of bad operational reports from ABQ franchisees (many of whom were visited by investigators working for the principals) preferred to protect their franchisees with a reputable company, Retail Food Group.

Big Dad's management, including Stephen Donnelly, were also said to be worried about Allied's proposal which included mostly shares in this tanking company - especially after they heard how the Awesome Water boys had been screwed. The RFG buyout is funded with cash and no tricky new share issues, unlike the ABQ "growth strategy" that has diluted shareholders by 50% in the last year as profits disappeared.

Read all the purchase details here:

BIG DADS SELLS TO RFG

It will be another bleak Christmas for Allied Brands management as they try to find a way to stem the cash burn now that their reputation has taken another massive hit.

GOLD COAST BUSINESS MATES WORK FURIOUSLY ON SHARE PRICE RUNUP WHILE MANAGING DIRECTOR SELLS DOWN!

The Gold Coast Old Arseholes club are attempting to strongarm the price of ABQ shares with inflated press releases this week (including one claiming "exclusive coffee sales" for a world Expo in a country that drinks tea).

So working the phones furiously, the mates have managed to push the share price up a couple cents.

And who's shares are these?

INSIDERS.

MANAGING DIRECTOR, PETER GRAHAM, IS SELLING

AS THIS ASX DOCUMENT CONFIRMS

WHY WOULD A HEDGES AVENUE LAYABOUT LIKE PETER GRAHAM BE SELLING DOWN SHARES HE PAID THREE TIMES THE PRICE FOR?

IT'S CALLED "LETTING THE NEW PUNTERS GET BURNED"

Buying shares from a company where management is selling

is a sucker's play.

ALLIED BRANDS TARGETED IN ASIC CRACKDOWN ON INSIDER TRADING

Allied Brands Ltd. (ABQ) routinely has "suspicious" trading patterns prior to their so-called major announcements being made to the market.

THIS IS ONE EXAMPLE

This has included a sharp sell-off prior to their profit collapse - a collapse the company was denying in public and in press releases just prior to the announcement.

The ASIC today has announced a crackdown on such rogue trading practices.

READ THE NEWS

ALLIED BRANDS & DUNKIN DONUTS HIRE SPIN DOCTORS INSTEAD OF ADDRESSING FRANCHISEE DISASTER

Leading franchise news website BlueMauMau has this weekend reported that Allied Brands (ABQ) and parent Dunkin Brands, reeling from several Australian government investigations, have hired spin-doctors in an attempt to salvage their arses from this mess.

RF BINDER HIRED TO SPIN

KOREANS CONTINUE TO EXPOSE DUNKIN BRANDS AS WILLING ACCOMPLICE IN DUD AUSTRALIAN BASKIN ROBBINS FRANCHISE SOLD WITH RESIDENT VISAS

KOREANS DUDDED BY ALLIED BRANDS CONTINUE TO TELL THEIR STORIES IN KOREAN MEDIA

CHRONICLE OF ALLIED BRANDS FALSE OR MISLEADING PRESS RELEASES CONTINUES!

Allied Brands Ltd. (ABQ) is again posting press releases in a vain attempt to get some pricing movement in their shares. This weeks press release from new press release shill Shane Radbone says the company has signed an agreement for Cookie Man expansion into Cyprus!

NOTABLE IN THE ANNOUNCEMENT? No hint of the "partner company" name, hence nothing anyone can check. Then the announcement goes on to "hint" at other "big deals coming". TYPICALLY VAGUE ALLIED BRANDS BULLSHIT!

The ASX and ASIC require public companies to adhere to a policy of "continuous disclosure" to the market. In the case of Allied Brands, it's "continuous hype" - ABQ is the diarrhoea of continuous disclosure.

Hopefully not as big as the "deals" for Bayswiss and Villa & Hut, both said to be near collapse with angry franchisees reportedly telling customers no new stock has been seen in weeks. Bayswiss was losing so much money that the previous owners, Freedom Home, GAVE the stores away to get this anchor off their books. Now they're on Allied Brands books, eating away cash and dragging the company down, down, down.

The announcement is also a lie in regards to the actual ownership of Cookieman shops in China, India, and other markets. Shops in those countries are majority owned by venture capital firms in India & China, with Allied Brands never having reached agreement for majority ownership with those parties. When the Indians and Chinese don't trust your company, you've clearly got serious problems. Check it out!

Here's a review of the other Allied Brand Lies told that have never come true. (Only the biggest ones are here, there isn't enough space for all of them):

===============

16 Apr 2008: Big announcement about Cookie Man International expansion. NOTHING HAS HAPPENED

12 March 2008: Says company has "undertakings or deposits" for 25 new stores to open by July 2008. ANOTHER STATEMENT NEVER HAPPENED They never tell investors how many stores are closing. Misleading, misleading.

3 December 2007: Says company will see "significant boost in store numbers in WA" in eighteen months. Says "we will increase number of Kenny's Cardiology stores to 18 over the next 18 months". The result after 18 months? FIVE STORES with TWO SHOWN AS FOR SALE.

This press statement also says Allied Brands is obtaining sites first to prove they work, and then finding franchisees. This hasn't happened. Results speak for themselves. Why are 40% of Kenny's Cardiology shops in Western Australia for sale? Don't they know the company is planning big expansion?

The "big expansion" also means Sydney, with 11 shops, has FIVE FOR SALE - ALMOST HALF THE FRANCHISEES TRYING TO GET OUT!

20 November 2008: Big press release telling everyone it would start Cookie Man shops in "at least three new countries by the end of 2008". They say "strong interest" from these countries would make them open there.

ANOTHER STATEMENT NEVER HAPPENED

8 July 2005: This shows how long the history of misleading or wrong company statements can be. On 8 July 2005 Peter Graham announced ALLIED BRANDS WILL BUY WENDY'S. This never happened, the company never explained why, but Wendy's franchisees all realise their good profits were going to vanish if they were forced to be Baskin Robbins brand. Allied Brands also says in this press release that they have 88 Baskin Robbins stores open. To this day 88 stores have never been open at the same time. New ones open, and others fail.

Look at Australia Stock Exchange record on Allied Brands statements. Can you find one that ever comes true? NONE. LOOK FOR YOURSELF!

ALLIED BRANDS FANCIFUL LIES HAVE NO BELIEVERS ANYMORE AS FIGURES PROVE TO BE MANIPULATED NONSENSE

THE DESPERATE ATTEMPT BY ALLIED BRANDS MANAGEMENT TO PROP UP THE SHARE PRICE HAS FAILED.

Why?

The continual torrent of lies and deception previously noted in their public statements is the likely reason. Who believes anything these people say?

READ HERE

Clearly not the market. Shares are down again today.