ALLIED BRANDS ISSUES MORE FREE SHARES FOR STAFF AND CONSULTANTS

BASKIN ROBBINS GENERAL MANAGER SEEN YESTERDAY IN CAVILL AVE.

Another 622,162 shares have been gifted by Allied Brands Ltd. to "satisfy employees and consultants" while the company's major brands continue to tank.

This GIFT is another almost $100K from a company that continues to have massive supply issues with Baskin 31 Robbins USA, where all the ice cream and other supplies come from. Despite this being the summer busy season for Baskin Robbins shops, all the shops have suffered from continual supply problems thruout the season leaving many without adequate product and customers walking away.

The company continues to stonewall repeated requests to explain why number of shares outstanding have increased by OVER 100% with virtually nothing to show for it. Allied continues to collect cash every month from American venture capital suckers Springtree, who are "paid" with increasingly worthless ABQ shares every month.

With Allied said to be in breach of their master franchise agreement for Australia, Baskin Robbins USA management is reported to be meeting with possible replacement companies to be ready when ABQ finally carks it.

In one email this week a Baskin Robbins Cookieman franchisee reported sales one day of just $110. These owners are spending over 100 hours a week in their shop and losing money like crazy. More free cash for ABQ employees is not helping them at all.

BASKIN ROBBINS EXECUTIVE GUILTY OF FRAUD AND IMPRISONED FOR UP TO 20 YEARS

In a stunning admission of corporate kickbacks, Baskin Robbins director of Global Communications and Corporate Social Responsibility Carolyn Kravetz pleaded guilty to multiple charges of profiting illegally from steering contracts to her mates. Contracts paid for BY THE FRANCHISEES!

"CORPORATE SOCIAL RESPONSIBILITY"? WHAT A JOKE!

READ HERE

The guilty plea was for crimes that included receiving kickbacks from a vendor of advertising materials to Baskin Robbins. It's unclear if the sacking of the Australian Baskin Robbins marketing director is related to this investigation and guilty plea.

Clearly a culture of corporate dishonesty exists at Baskin Robbins and the parent Dunkin' Brands. When do the franchisees get some of their ad fund money back from this out-of-control company?

BASKIN ROBBINS DEFRAUDING MORE KOREANS AGAIN - 배스킨라빈스 경품약속 안지켜 ‘압류딱지’

Baskin Robbins in South Korea has had office equipment and air conditioners seized from its offices in Seoul due to a court judgement that found the "winner" of a Baskin Robbins contest giveaway has been defrauded by the company.

READ THE STORY HERE IN ENGLISH

READ THE STORY HERE IN KOREAN

Are there any honest people at this company?

ALLIED BRANDS CONTINUE TO WASTE CASH ON COMPANY OWNED SHOPS KNOWN AS UNSALEABLE DOGS

Allied Brands (ABQ) staff continue to reveal where much of the cash raised by the extra 100 MILLION SHARES ISSUED has been going.

The Baskin Robins portion of ABQ is reported to be running over nine shops that have been repossessed or abandoned by their former franchisees as unprofitable dogs. Many of these shops are in regional areas and are run essentially unsupervised - with young teenage managers being (under?)paid, no marketing being done, while company sales staff attempt to find new suckers to take over these failed shops.

Why is Allied Brands so desperate to keep these failed shops on the books instead of just closing them?

Insiders report that these shops haven't been closed because the master franchisor agreement with the US arm of Baskin Robins that requires store numbers to grow. So instead Allied Brands continues to lose $100,000 or more per year on each location --- what may be over $1,000,000 per year on these failed operations!

It is said a breach of this franchisor agreement is being investigated by Baskin Robins USA.

The manager at the company-operated Oasis Shopping Centre location on the Gold Coast has reported the store doesn't even stay open the same hours as the centre despite being a lease violation. Takings at this once successful shop now are said to be unable to even cover the rent at this high-profile location, less than a km from Baskin Robins head office.

This issue is just one of the cash drains on Allied Brands that are burning cash now at what looks to be a record rate. The "free" Bayswiss stores dumped on ABQ by the smart people at Freedom Furniture are also costing big money. With few new franchisees believing the furphys that spew from Allied Brands, the handwriting is clearly now on the wall.

SUCCESS! BATTLER RIPOFF AVERTED BY INVESTOR WHO GOOGLED "BASKIN ROBBINS AUSTRALIA" BLOG

TO THE BASKIN BLOG:

We live in New South Wales, are a couple in our late 40s and I received a shock redundancy last September. The company I worked at for over 20 years used the financial crisis to clean out the oldies, as the GenYs would say. With a reasonable redundancy payout we thought a franchise business would be a good seachange for us. We've had the Baskins ice creamery around the Gold Coast when on holiday and figured it might work well near our home. We had several long discussions with (xxxxx name deleted xxxx) in the Baskins sales department but were finding them evasive in thier answers to our questions. Still we thought it might be a good idea, until we googled Baskins Robbins and found your blog.

At first we thought it exaggerated. How could a company continue to sell shops when so many failed? Why would anyone buy a Baskins shop only to see it worth half or less at the end of the five year agreement time? We talked to several shop franchise owners and every one asked if I wanted to buy THEIR shop! But they too were all secretive about the problems and performance guidelines.

Finally we spoke to a shop owner who also has a Subway shop. They compared the two companies to each other, and showed how much their Subway business had grown in value while the Baskins business was essentially worthless.

Your blog is a very good public service for new business people. While we wanted to get a Subway shop, the demand is very strong and only regional locations are available. So instead we settled on Boost Juice - and we start our training soon. The Boost Juice staff are helpful and open and we look forward to working with them.

ASX ISSUES WARNING TO ALLIED BRANDS LTD CONCERNING EXCESSIVE SHARE DILUTION

The Australian Stock Exchange has contacted directors of Allied Brands Ltd (ABQ) and CEO Shane Radbone about the excessive share dilution that they along with other Australian companies have been engaged in over the last year.

ANNOUNCEMENT HERE

Allied has issued almost 50% more shares with little growth in the company. Many of these shares have been used for operating funds due to the cash burn by the company, as well as director and management perks including below market loans.

THE 2008 ANNUAL REPORT SHOWED 92million shares issued. As of today, Allied Brands has issued 100MILLION SHARES since then, totaling now over 192million shares! AND borrowed almost $5million in highcost venture capital money from America. What have they done with all of this money?????? WHERE HAS ALL OF THIS ALMOST $25millon gone?

The shares in Allied Brands continue to decline - shares are now below .14 cents despite a desperate PR campaign with Gold Coast mates.

Clearly the ASX announcement is targeted at companies like Allied Brands Ltd., who have engaged in massive share dilution to keep the company afloat.