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.
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