Monday 27 September 2010

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. . . .

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