SACKED AND DISGRACED SHANE RADBONE PLAYS THE "VICTIM", ASKS HIS UNKNOWNING FRIENDS TO "SUPPORT HIM"

Disgraced and sacked Allied Brands Ltd. (ABQ) CEO Shane Radbone has taken to blogging about his miserable pathetic life as the victim of others.

Radbone (pictured here) now is pretending to be a victim, thanking all the people who've given him "great support" the last two weeks, in what he describes as his "difficult situation". He then announces he's going to New Zealand with friends to "make the hurt go away".

So Radbone and his wife Victoria, who got a sweetheart loan of $750,000 from Allied Brands, have money to take people to New Zealand while Allied struggles to find a way to pay for closure of all his mistakes!

And in the height of self-pity, Shane Radbone solicits comments from his friends on his personal failures. I wonder if his buddy Greg Hobby, who runs a motivation company called "Outthinking", knows about the personal tragedies committed by Allied Brands under Radbone's so-called leadership?

• Who's showing any pity for the several Korean families sold known dud Baskin Robbins franchises along with illegally sourced 457 Residency Visas? These people borrowed to the hilt, moved to Australia, only to lose their investments and be sent back to Korea?

• What about the Indian families swindled in a similar way?

• The only other commenter on Radbone's self-pity page is his wife Victoria, who co-owes the big financial debt to Allied Brands. Say Victoria, if your daughter worked at a company as a marketing employee who was forced to endure sexual harassment by the manager of that Allied Brands division, only to get sacked when the manager tired of the relationship, what would you say to CEO Shane Radbone when you found out how she had been treated by this company?

Victoria Elise Radbone can be excused for failing to criticise her meal ticket.

Such are the ethics and morals at Allied Brands.

Hey Shane, when does ABQ get their dosh back? It's your fault the shares are worth almost nothing! You can try to rewrite history - your troubled history at Wendy's, the few months you spent at VIP - but Allied Brands will be the benchmark with which your morality and ethics be judged by your mates!

KORDA MENTHA THE BLACK HAND BEHIND CONTINUAL ALLIED BRANDS RESTRUCTURING ? - WHERE IS ALL THE MISSING CASH?

The current collapse of Allied Brands Ltd. (ABQ) isn't the first time this company has pulled this scheme on shareholders.

WRITEOFFS PROFIT COMING SOON STATEMENT

This is in fact the THIRD time ABQ is on this merry-go-round of taking cash from shareholders, "sophisticated investors", and others only for it to end in huge writedowns but promises of future profits.

The organiser of this scam would seem to have a common connection to "restructuring specialist" Korda Mentha. When these techniques are used properly and honestly, companies can restructure and move forward. However the history is that these claims of restructuring are made falsely with cash injections being used for huge management salaries, plush new locations, big cars, and other unearned perks.

Announcements by Allied Brands this week of "big writedowns" and "return to profit" are lies according to a leading forensic accountant, because no profit has ever existed at this company. Even the "dividend" paid to shareholders last year was borrowed money, and window dressing to find new suckers! New money coming to to pay operating costs while telling the investors it's being used to expand the business is a SCAM. SCAM. SCAM. Even SMARTCOMPANY SMELLS A RAT

Review the filed statements and "broker presentations" on the ASX website. Ask yourself why a company would continually lie about international expansions, signed contracts for brand expansion on Cyprus, signed contracts to open 20 shops in Western Australia, etc, etc.

And then compare these statements to reality.

No shops on Cyprus. Never even the hint of who the "contracting party" was, because this was a fact that could be checked. No new shops in WA - in fact a net decline in shops, despite the company claiming "locations have been agreed, leases signed, and shops will be run prior to franchising". Who believes this shit? People like Tom Krulis (Godfrey's) and Barbara O'Brien (Breville) who dumped in money, leant their names and good reputations to this crooked operation, and took later share investor "blood money" as a "salary" from these people. Classic pyramid scheme behaviour.

What kind of people tell these repeated lies? SCAMMERS. And the management of Allied Brands Ltd. that is responsible for these lies has the company now claiming "people sacked" and "lessons learned". Sean Corbin couldn't even tell the truth about the sacking of former CEO Shane Radbone, and was required to issue a more truthful statement after being questioned about his first lies!

A franchisor is a company that lends its good name, business acumen, and management skills to small business so that both can prosper. Brands with once good reputations like Baskin Robbins and Villa Hut and Cookie Man now have franchisees with unsaleable shops, and ABQ can't sell any new except by lying and trickery, a skill they excel. They have no good name, only bad. They have no business acumen. And management only in place to line their own pockets. Without new franchisees no franchisor can stay in business. That's the essential truth for investors and franchisees alike.

A more blatant lying company cannot be found today in Australia.

EVEN TODAY'S ASX-ORDERED STATEMENT DOESN'T MATCH THE COMPANY'S STATEMENTS AS RECENTLY AS 20 MAY. IS SEAN CORBIN NOW JUST THE NEW "LIAR IN CHIEF"?

ANOTHER MARKET ANNOUNCEMENT AND MORE HUGE LIES FROM ALLIED BRANDS - WILL THEY EVER TELL THE WHOLE TRUTH?

With huge volumes of shares being traded over the last week while the company has sat mum, the ASX increasing demands for market information have led to another pack of lies from Allied Brands Ltd. (ABQ) management today.

ANNOUNCEMENT HERE

A quick spin by the ABQ offices shows all the company-paid luxury cars still in use. Apparently director and management perks haven't been affected by their so-called "cost cutting".

Missing from today's announcement is any suggestion how the company will finance the several million in redundancy and closure costs for the 18 failed Kenny's Cardiology shops, 10-12 failed Baskin Robbins shops, and the losses being made by Villa Hut. Allied Brands is in free-fall, and another press release filled with half-truths and lies isn't going to help now, is it chairman Lachlan McIntosh?

Franchisees at Baskin Robbins continue to report massive product shortages with containers sitting at the port unclaimed and unpaid. This is despite the brand giving completely untruthful reports to the auditors about the true condition of the brand.

Expect MORE PRESS RELEASES with MORE LIES as the truth becomes impossible to hide from the auditors. Funny, but Hackett's knew Allied Brands was lying to them last year. Shareholders should have a terrific compensation claim after the lies Hacketts has certified as truth. Even in today's statement Allied Brands uses "the auditors" as cover for these massive lies.

How can they "rationalise outside developers" when all the existing shops, as well as new locations, have been so unsaleable? Even existing shops with reasonable prospects cannot be sold due to the inability of Allied Brands to assist franchisees with basic levels of product and support. Until the corrupt management in place running these brands is removed there is no hope for better press and a renewed franchisee sale market.

The company is known to be virtually out of cash, with little coming in during the slack winter months. It's not clear that the ASX and ASIC are going to be satisfied with a half-baked pack of lies from the company that lets "the mates" continue to dump shares on bottom-feeding suckers.

SHAREHOLDERS ALSO DEMAND TO KNOW WHEN SACKED CEO SHANE RADBONE AND HIS WIFE VICTORIA RADBONE ARE PLANNING TO PAY BACK THE ALMOST $1,000,000 THE COMPANY "LOANED" TO HIM WHILE HE WAS CEO!!!

SHANE, WHERE'S THE MONEY, MATE?

WESTFIELD THREATENS TO PUSH ALLIED BRANDS LTD INTO BANKRUPTCY FOR FAILED LOCATIONS

Shopping Centre owner Westfield has yesterday reportedly threatened Allied Brands Ltd. (ABQ) management with a bankruptcy petition, sources inside the company say.

A large number of company-owned but failed Kenny's Cardiology, Baskin Robbins, and Cookieman locations are in Westfield Shopping Centres in Australia and New Zealand. ABQ has previously announced closure of 15 or more Kenny's shops, without yet disclosing what they plan to do with all the failed Baskin and Cookieman locations.

Westfield apparently says that Allied Brands is heavily in arrears on these company-owned locations, and attempts to reach a settlement have been stonewalled by ABQ management.

Estimates of more than $6 million have been made as to the failed shop liabilities and windup costs for these locations. Allied Brands has access to virtually no cash, and apparently Westfield are considering pushing the company into bankruptcy. It's unclear why ABQ management won't even take their calls.

죽은 고양이 바운스를 조심

INSIDERS CONTINUE TO CASH OUT, U.S. FINANCE COMPANY BAILS AS WELL - THE END IS NEAR

While huge volumes continue to indicate that "insiders" are running to rescue any possible cash from Allied Brands and their collapsed share price, it is confirmed today that the costly US finance deal, touted as a major coup by deposed CEO Shane Radbone and Chairman Lachlan McIntosh, entered into only on January 15, 2010 has collapsed in spectacular fashion.

SPRINGTREE PULLS OUT

As predicted by this blog.

Investors have to be wondering what kind of dodgy "due diligence" was done by Springtree on this obviously corrupt company. This deal was said to be the energiser for increased expansion of Allied Brands, but as Springtree management soon learned their cash was squandered at keeping the leaking boat afloat. Springtree has run for their lives after only a few short months. Interim dodgy CEO Sean Corbin has been quoted as saying ABQ cancelled the agreement "to preserve shareholder value".

What a pile of shit! Under this current leadership ABQ has MORE THAN DOUBLED the number of shares issued to over 200 Million. What's been done with all the cash - besides insider bonuses, cars, and other management perks? And when is sacked CEO Shane Radbone going to pay back his "sweetheart loan" he made to himself from shareholder funds?? How can any of the directors justify this illicit use of company cash while knowing full well the company was burning cash and making no money? WHERE IS ALL THE UNACCOUNTED-FOR CASH??

In typical Allied Brands style, they have titled the document "Finance Facility Closure" in order to mislead the market, when it should be titled "Finance Facility Cancellation". This company can't tell the straight truth about anything!

With banks shunning the company, cash dried up, the company ignoring unpaid bills, and buzzards circling the Gold Coast Highway, the inevitable is at hand. One can only hope criminal charges will be laid on the directors of this company that has abused, mistreated, gutted, and bankrupted so many others.

NEW ZEALAND CORPORATE REGULATORS OPEN INVESTIGATION INTO ALLIED BRANDS OPERATIONS IN AUCKLAND RETAIL LOCATIONS

It was reported over the weekend that New Zealand Ministry of Justice authorities have opened an investigation on Allied Brands Ltd. (ABQ) operations at several locations in Auckland. In addition to registration and other local law licence failures, more serious charges involving Inland Revenue are also being alleged.

CEO SEAN "PATSY" CORBIN SEES GOOD LIFE END AS GOLD COAST SLICK-O'S FLUSH HIS CAREER DOWN THE DUNNY

Several have written to enquire about interim CEO Sean Corbin, who's been pushed forward as chairman Lachlan McIntosh's "patsy". A job described by one shareholder as "rearranging the deck chairs on the Titanic".

McIntosh is reportedly under pressure from his employer Korda Mentha as their independence and expertise is being questioned daily as Allied Brands continues its slide into oblivion. McIntosh has been the key architect of the now failed and ruinous strategy to manage this company. He hired sacked CEO Shane Radbone, as well as Sean Corbin who's being puppeteered by McIntosh.

A review of Sean Corbin's own dodgy history as finance officer of public and private companies is worth a review: His history of senior executive positions has seen this wonderful (haha) list of accomplishments:

PRACTEL INTERNATIONAL (WOUND UP)

KING EQUIPMENT LTD. (UNDER ADMINISTRATION AND WINDUP ORDERS)

VOYAGER GAMING (MYSTERIOUS SHORT-TIME EMPLOYMENT)

RP DATA (APPOINTED MAY 1 2008, GONE APRIL 2009)

Clearly McIntosh has found another patsy to take the fall. Corbin will be lucky to get a position balancing chequebooks after the Allied Brands cockups. Clearly sacked CEO Shane Radbone has already re-written his history - still calling himself a "successful businessman" running a "public company with a market cap of $100 million". Funny but he omits the part where he left less than two years later when the market cap was less than $5 million.