Public companies like Allied Brands Ltd. are required by ASX and ASIC rules to tell ALL investors significant information in a timely way so as to not be disadvantaged compared to insiders.
CONTINUOUS DISCLOSURE RULES HERE
Peter Graham, an original founder of Allied Brands, is still claimed to be the "Managing Director" of this company. But ABQ investors are starting to ask the question - "why has no disclosure been made of the apparent fact that Mr. Graham has no office, and many ABQ staff are aware that he has had no management role at ABQ for many months"???
"Who's really Managing Director, and why haven't shareholders been told"??
Speculation is growing that many of the battler Gold Coast investors who purchased into ABQ in 2004 based on Graham's "great local company" bullshit will add to the growing exodus of shareholders if they hear he's no longer at the helm. Clearly the company is in deep financial troubles with monthly cash injections from Spring Tree paid for by more and more shares worth less and less every day.
Secondly, it's rumoured that Peter Graham is integral to the contractual relationship between ABQ and Baskin Robbins USA, which will collapse if/when they find out Graham is no longer making any of the company's decisions.
Finally, speculation is that's he's been made the "fall guy" the company is going to shove forward to answer for the company's collapse.
Where is Peter Graham? Why is he still collecting a big cheque but doing nothing?
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