Monday 17 January 2011

COLLAPSED ABQ NOW BEING LOOTED BY THE PROS

Allied Brands Ltd. administrator Vincents has filed notice for an ADDITIONAL six weeks of "convening period" after already getting one extension over the holidays.

It is unknown what this additional six weeks can accomplish - Vincents says "it is in the best interests of creditors and members of the company".

With charges by Vincents being made against the company of at least $80k/week, the only one who's interest is being looked after is the administrator, apparently.

Once the amateurs running a company like ABQ have stripped it of investor assets, then the pros come and and the real looting begins.

There is however still no sign of the missing Ad Trust Fund monies, nor the $750K "loaned" by failed and disgraced ex-CEO Shane Radbone TO Shane Radbone and his wife, Victoria Elise.

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