PEGASUS PRINTING JUST ONE VENDOR OWED HUGE AMOUNTS BY ALLIED BRANDS - MANAGEMENT LIES TO ASIC CONTINUE

It's been revealed that Allied Brands Ltd. (ABQ) vendor Pegasus Print Group was responsible for the wind-up order against Cookie Man. While Allied claims they "didn't know anything" about the huge amount owed to this vendor, other vendors with claims against other Allied Brands companies are now lining up to push the whole works into liquidation.

Allied has referred to the Windup Order as an "Administration error". Allied claims "neither the board nor anyone in senior management" knew about the windup application. THIS IS NOW KNOWN TO BE A LIE. We have information at least one director and one senior manager were told directly by Pegasus Print that a windup order was being sought.

As one of these persons has been negotiating to "buy out" the brand from ABQ, it's now considered unlikely that this bid can be successful with a potential criminal charge a likely consideration by ASIC.

We also have additional information that a senior manager at the Baskin Robbins brand has been given similar information about another vendor owed tens of thousands by the brand.

In the ASX letter to Allied Brands as well as the press reports, all note that management has been again caught lying to the shareholders and the public. Anyone familiar with the history knows that virtually every statement made by this company is packed with lies, misstatements, and just meters of bullshit.

COOKIE MAN HAS LIQUIDATOR APPOINTED, ABQ SPINS MORE FAIRY TALES FOR THE ASX WHICH ARE REJECTED AS MORE ABQ BULLSHIT

As we indicated yesterday, what Allied Brands termed "news" about the Cookie Man brand last Friday when they asked for share trading to be suspended has been exposed by the ASX as in fact a LIQUIDATION ORDER imposed by the courts on Allied in relation to Cookie Man operations.

Allied Brands (ABQ) management failed to reveal this LIQUIDATION ORDER to the ASX when asking for the suspension, and when the ASX was tipped to the LIQUIDATION ORDER, they stepped in. In the response by ABQ, they claim that secrecy was necessary not to damage the other businesses! In other words, we're close to landing new suckers in our Ponzi scheme, and don't want them to know it isn't working!

Allied management was asked seven specific questions by the ASX, and since trading has remained halted we can safely assume that the bullshit responses by the company, and over the signature of Sean Corbin, have been rejected.

It's unclear what vendors have pushed Cookie Man into liquidation, but since Allied has arrearages across all of the brands, this will likely encourage the others to file for LIQUIDATION ORDERS as well. The court has issued a "Winding Up Order" as of yesterday the 29th. Sadly the crooked actions of Allied Brands has destroyed perfectly good businesses like Cookie Man, Kenny's Cards, and Villa & Hut.

All that's left now are the criminal investigations into these fraudsters.

And remember, the real ratbag Shane Radbone and ratbagette Victoria Elise Radbone still owe ABQ over $750K for the sweetheart loan he made to himself with franchisee funds.

ASX NOW HALTS ALLIED BRANDS

THE ASX has now stepped in to halt trading in Allied Brands Ltd. (ABQ).

Investigations into the company have reportedly been stepped up by both the ASX and ASIC in the last week.

ALLIED BRANDS SHARES STILL HALTED, INSIDERS CONFIRM 30 DAY WARNING GIVEN BY BASKIN ROBBINS USA

Shares are still halted this morning, despite the company claiming the halt would be removed today.

Insiders confirm however that Allied Brands (ABQ) was given a "30 day warning" by the US owners of Baskin Robbins. It is unclear when this 30 day period began, but clearly with reports of widespread product shortages this would seem only a formality before ABQ is stripped of this franchise operation.

This is information required to be disclosed. It has not. Will we see the principals of this company jailed for these continual law violations? We hope so.

More soon. . . .

ALLIED CONFIRMS FINANCIAL DEFAULTS, NOW WANTS MEDIATION IT WON'T PROVIDE ANYONE ELSE!!!

Allied Brands Ltd (ABQ) issued a statement after close of market today that has brought peals of laughter and derision from Baskin Robbins franchisees in Australia.

The STATEMENT confirms that money raised this week in desperation by the sale of more shares was raised to pay Dunkin Brands money that it agrees is in default to Dunkin by ABQ. We wonder if the ASIC and the ASX are reading this statement - it confirms that Allied Brands is financially IN DEFAULT, and failure to pay debts as they come due is TRADING WHILE INSOLVENT.

TRADING WHILE INSOLVENT! CONFIRMED BY ALLIED BRANDS!

The statement then goes on to claim that ABQ is going to lodge a complaint under the provisions of the Australian Franchise Code for mediation!

This despite Allied's history of stonewalling complaints filed under the code by Australian franchisees. Baskin Robbins Australia has a long history of failing to respond to mediation notices and failing to even appear at scheduled mediations.

Since the ACCC has no "enforcement" provisions for "Failure to Mediate", Allied's history as a rogue franchisor in this area is clear.

Now Allied Brands insists that Dunkin Brands follow the code that they themselves have used to abuse the Baskin Robbins franchisees!

We all can't stop laughing!

MORE DODGY FINANCIAL SHENANIGANS TODAY FROM ALLIED BRANDS (ABQ)

Allied Brands (ABQ) so-called acting CEO Sean Corbin has filed an ASX document today showing that the company is engaged in the dodgy accountant equivalent of "searching the sofa for coins". With weeks gone by, this is pathetic.

ASX NOTICE

No word on when Baskin Robbins "31 Flavours" franchisees will ever see 31 again (most reporting 12-15 currently).

And no word when, if ever, ex-CEO Shane Radbone and his glamour spouse Victoria Elise Radbone are going to pay back their sweetheart $750,000 loan - now seriously in default.

The amount raised in this action today won't even come close to paying costs associated with all the failed Kenny's, Cookieman, and Baskin Robins locations here an in New Zealand. Maybe it's for one big last party?

The next step (they do it all the time) is for one of the mates to buy some shares to push up the price in desperation. Given that 95% of the value and all of the cash is gone, what's the point?

PPK GROUP NOW UNDER INVESTIGATION FOR UNDISCLOSED ALLIED BRANDS INVESTMENTS BY DIRECTORS

Insiders at Allied Brands (ABQ) are reporting that the ASX and ASIC are investigating PPK Group Ltd (PPK) in conjunction with the financial collapse at Allied.

PPK has previously disclosed an "investment" by the company in ABQ shares, although the exact amount and relationships between ABQ and PPK have remained hidden.

Two PPK board members are said to be involved personally with undeclared personal investments in "secured notes" to Allied Brands. These are Glenn Molloy and Jury Wowk.

Wowk, a solicitor with HWL EBSWORTH, was appointed to the ABQ board earlier in the year -- a position he resigned from almost immediately after his first board meeting. Wowk was heard exclaiming "quite a fucking mess you've got here" on his way out the door. It was this quick resignation that began the public unraveling of all the lies and misleading statements made by the company to, well everyone.

But now the re-organisation or windup by the company is being held hostage by what are said to be personal interests of note holders which include Molloy and Wowk, and perhaps others at PPK.

None of this has been properly disclosed according to the ASX, and this could have a major effect on the status of PPK Group as well. Since the same kind of ratfucking of share holders at PPK seems to be occurring along with the ABQ share holders, a common thread of greed seems to be running thru this Gold Coast "old boys network"

It's unclear if these issues are known to Dunkin Brands when they served their intent to cancel Allied's running of Baskin Robbins. But clearly this is another layer in the corrupt operation being run by Lachlan McIntosh of KordaMentha.

Note that none of these people including acting CEO Sean Corbin has any experience with franchises, ice cream, cookies, or anything else this company does. All they're worried about is how much money to squeeze from the battlers that own the franchises and work at the coal face.

ALLIED BRANDS SERVED BREACH OF CONTRACT LETTER, VOWS TO FIGHT THOUGH UNARMED AND OUT OF CASH

Acting Allied Brands (ABQ) CEO Sean Corbin has continued the tradition of lying and deceit today in the company's announcement to the share market about the loss of the Baskin Robbins brand.

In the statement from the company, they claimthat although Dunkin Brands has issued a letter outlining a breach of their agreement they refused to list what parts of the agreement are in breach. A plan clearly designed to softpedal the breach, and continue misleading the sharemarket and investors. The fact is the brand has been so completely mismanaged for so many years, this action by Dunkin was completely inevitable and predicted here and elsewhere for a long time. Koreans, Indians, Chinese and other migrants sold known dud locations with visas, dozens of failed shops with huge losses to mom-and-pop Australian battlers, and a revolving door of management are just some of the known complaints. No one's made money but insiders.

Corbin says that ABQ will "fight the threat to terminate", but how stupid is this? Are solicitors and barristers in the USA (or Australia) working for fairy floss now? And what kind of lender is going to advance funds to ABQ for a court battle with a billion dollar US multinational?

It's noted that NO ONE has signed the actual statement released to the market. Perhaps no one wants the criminal liability that comes with releasing false information to the market.

This litigation on top of at least three ex-employee lawsuits, one of them alleging sexual harassment against Baskin Robbins managers. At least two ex-franchisee suits on foot. And others threatened. This is no longer a viable franchise management company, it's a solicitor's dream job!

Seems all the faceless men behind the scenes are still only concerned about getting their bad investments back.

Meanwhile, Baskin Robbins franchisees report the brand is only "15 Flavours" now in Australia - they've been missing so much ice cream for so long, they've decided just to change the name.

IS BASKIN ROBBINS THROWING IN THE TOWEL?

Insiders have contacted the blog and indicated that it's looking likely that Baskin Robbins US has had enough of the Australian market. It's clear that Allied Brands cannot operate the brand successfully, and the US has apparently been reducing ice cream and supply shipments in anticipation of a complete shutdown.

While others have written who believe that this would never happen, the lack of supply, with no concern or intervention by Baskin Robbins US, looks like a windup in progress to many.

More soon. . . .

**FLASH** ABQ TRADING HALTED, BREACH OF BASKIN ROBBINS AGREEMENT MAY MEAN LOSS OF BRAND **FLASH**

Early today, acting CEO of Allied Brands Sean Corbin met with Baskin Robbins senior management in Boston in order to receive the bad news about ABQ's continuing to represent the Baskin-Robbins brand in Australia.

In response, trading in ABQ shares has been halted by the ASX.

READ HALT ANNOUNCEMENT HERE

Corbin is said to be holed up in his luxury hotel suite in Quincy, Mass, refusing to take phone calls and lamenting his involvement again in another fucked up company.

Allied Brands has NO resources to fight an American company in American courts. So whatever has occurred, it's final. Done and dusted. Perhaps they can lodge a complaint with the ACCC like so many Allied Brands franchisees have done!

More soon. . . .

SHANE RADBONE ATTEMPTS TO REPAIR SHATTERED REPUTATION WITH LITTLE SUCCESS

Shane Radbone, the sacked ex-CEO of Allied Brands Ltd (ABQ) has discovered that unemployment has given him the time to engage in a new career - attempting to fix his shattered reputation. His performance was so abysmal that the company issued two statements on his departure, the second ensuring that everyone was aware he didn't resign, but was ejected.

While Radbone was CEO at Allied Brands, the company has seen the shares collapse, all of the associated businesses showing massive losses, and employees filing lawsuits against the company as well as franchisees filing complaints over ABQ's "unconscionable conduct". Radbone oversaw the company while all these frightening actions were occurring. He's an embarrassment to all, including his Scotch College schoolmates.

Shane Radbone and his wife Victoria Elise Radbone also borrowed $750,000.00 from the company in what most regard as a "sweetheart" loan. With the shares now worth virtually nothing and the company having no choice but to sack Radbone, he now has continued to fail and pay the company back this large sum of money. With the company already deep into a bank overdraft (almost $650,000 at the end of the financial year), the company desperately needs funds to finance the closure of all the dud locations Radbone approved.

WHERE'S THE MONEY, SHANE & VICTORIA?

Today, a "mate's article" appeared in the Fairfax papers, including the Sydney Morning Herald. In it, Radbone claims he's "reengaging with his fan base on a new blog". A blog that has two entries in it, one from his "speaker's agent" Greg Hobby, and the second from his co-debtor wife Victoria Elise. Since several companies including Allied Brands experienced the "black hand" of Radbone on their operations, "motivational speaker" would seem to be an illogical choice. He points to his marginal performance ratings as a speaker - ratings that all occurred before he drove Allied Brands into a ditch. Hard to motivate another company when everyone knows under your watch a manager engaged in sexual harassment of an employee and finally drove the victim out of the company.

No amount of manipulated press can fix Radbone's now shit reputation. He can't skate thru on press releases and a mediocre sporting career anymore. Business judges by performance, and Shane Radbone is the bottom of the barrel.

One just has to read Shane Radbone's statements to the ASX and sharemarket and then compare them to reality. What kind of motivational speaker has so many lies with his name on them?

WHERE'S THE MONEY, SHANE & VICTORIA?