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.
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