LAWYERS START TO CIRCLE CORPSE OF ALLIED BRANDS LOOKING FOR COMPENSATION

Solicitors have reportedly begun visits to Brisbane-area Baskin Robbins shops, offering to organise a "class action" compensation lawsuit against Allied Brands Ltd., Dunkin Brands USA, and Baskin Robbins Australia directors and management personally.

Solicitors for the large unnamed litigation firm claim that the franchise industry has long needed a "get square" against the rogue franchisors that operate unchecked in Australia. With the name recognition as well as connection to American companies, Baskin Robbins Australia franchisees may be an ideal test case for the kind of abuses that have gone on in Australian franchising. With little stock available to them and other franchisors offering conversions to different brands to key locations, clearly the brand is going to have difficulty surviving the onslaught of buzzards now picking over the corpse.

Several of the Korean victims of the company's "Visa Sale Scam" have been located as well and said to be already signed on to go after these companies and individuals. While clearly Allied Brands will be judgement-proof after they enter inevitable administration, the other defendants will be the deep pockets funding this action.

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.

INSIDERS REPORT LATE PAYROLL, COMPANY OUT OF CASH?, POSSIBLE ACCOUNTANCY RESIGNATION THREAT

Insiders at Allied Brands Ltd. (ABQ) are reporting late payroll and angry vendors with delayed payments becoming the order of the day.

New CEO Sean Corbin has been told by the board to "figure out how to hold it together" until the board can figure out where $3M in needed cash will come from. Corbin is said to be under ASX investigation for his continued misleading statements - telling the market former CEO Shane Radbone had been "stood down" and then, when challenged with the facts, admitting that he had been sacked. Likely the same situation with former MD Peter Graham. Meanwhile "the mates" continue to dump their shares driving the price now below 3 cents.

Also under investigation by ASIC are the misleading statements from the Baskin Robbins management team, including the large number of loss-making company shops still being marketed although shown to be failures. Likewise there are indications that some actions are finally going to be taken in defence of the Koreans who were sold dud shops and visas at New Farm Brisbane as well as the train station in Sydney. Perhaps criminal indictments?

The only brand with no shops needing closure are said to be freestanding Cookie Man shops. GM Elligett has however refused to get involved in more capital raising, seeing it as futile. Attempts to resell Kenny's Cardiology and Awesome Water back to their original sellers has seen these offers rejected. Both are said to be waiting for the inevitable collapse.

YOU'VE DONE YOUR DOUGH

SAY GOODBYE, ALLIED BRANDS!

READ HERE

Keep in mind whatever this company says is just one set of lies covering up the last set of lies. Ever wonder why CEO Shane Radbone doesn't tout his bringing the Quiznos brand to Australia? Read the ACCC undertaking given by the failed Quiznos Australia, helmed by now ABQ CEO Radbone, and you'll understand the history of world class lying that Allied Brands has at its core!