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.