Administrators Peter Dinoris and Peter Biazos of Vincents Accountants have filed their first report with the ASX regarding Allied Brands (ABQ) and related companies.Questions in this report are rampant.
• "Winding Up" proceedings have been filed by a vendor known as "Coco Design Investments", an action that may make the rest of these proceedings irrelevant.
• The "background" section, said to be from CEO Sean Corbin (although there is no record of Corbin being appointed to anything but interim CEO) lists numbers of shops owned and franchised radically different from the annual report. The new reference to Corbin as CEO may signal the director's sleazy plan to dump everything in his lap. Wonder how that works out with the criminal charges coming for the "Korean Visa Scam" that happened prior to Corbin's arrival!
• Registered charges show, as previously alleged, a relationship with PPK Group Ltd. director Raymond Beath that is a likely conflict of interest with the ABQ investment by PPK.
• The "Declaration of Independence" filed by Vincents makes no mention of Peter Biazos being employed by Korda Mentha Brisbane co-incident with ABQ Chairman Lachlan McIntosh. This stinks.
• The Administrators have hired Andrew Crook at "Crook Publicity" for media releases. Some things are too funny for words. Do these Crooks need any more publicity?
Clearly the deception continues all the way to the grave.
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