ABQ HIRES NEW CHIEF FINANCIAL OFFICER - WHERE DO THEY FIND THESE MANAGEMENT JOKERS??

In a desperate move to slow the cash burn that will likely take Allied Brands over the edge soon, the directors has come up with a brilliant idea - to hire a CFO that has a suspicious history at failed companies as well as mysterious hirings followed by resignations.

Could Allied Brands not find a miracle worker? Or is this more "smoke and mirrors" designed to fool their Gold Coast mates?

The company press release touts the new CFO's "History and Experience. His history of senior executive positions has seen this wonderful list of accomplishments:

PRACTEL INTERNATIONAL (WOUND UP)

KING EQUIPMENT LTD. (UNDER ADMINISTRATION AND WINDUP ORDERS)

VOYAGER GAMING (MYSTERIOUS SHORT-TIME EMPLOYMENT)

RP DATA (APPOINTED MAY 1 2008, GONE APRIL 2009)

Another brilliant "mates" appointment by the Allied Brands board of directors! This guy is exactly the kind of big bikkie pretender that will love the "Allied Brands Ltd" on his CV as he calls in the administrators. Wonder if he knows what's he's about to be told to do?

RESULT OF ALLIED BRANDS PURCHASE OF VILLA & HUT? UNDERSTAFFING, BAD QUALITY, HIGH PRICES, BLOODY TYPICAL

The results of the Villa & Hut acquisition by Allied Brands (ABQ) is already becoming apparent.

HOBART AIRPORT VILLA & HUT COLLAPSE

Good onya, Allied Brands! More happy customers!

WHERE IS ALL THE CASH? HOW CAN ABQ PAY THE PROMISED DIVIDEND?

The Allied Brands (ABQ) annual report evaluations are starting to come in.

The big question -

WHERE DID ALL THE CASH GO?

The "cash on hand" dropped from $4.1M to $2.7M - AFTER management announced they had raised an ADDITIONAL $1.4M under the guise of purchasing Villa & Hut.

This confirms that at the time of this additional cash-raising, the company was essentially OUT OF CASH. Was ABQ "Trading While Insolvent" prior to this?

Further analysis is underway to answer this question.

However with the company clearly continuing to bleed cash, franchisees from Cookie Man and Baskin Robbins, both dependent on company supply of product, have expressed continuing fears that stock shortages currently being experienced will grow worse as the company enters the busy season. They company is starting the financial year with much less cash than last year - a year that saw record product shortages for franchisees during the busiest trading season.

Meanwhile, the company has promised to pay another dividend from cash it doesn't have! This was a desperate attempt to smokescreen the market. Clearly with the collapse in share price the analysts have seen thru this stupidity and advised accordingly.

WITH 165 MILLION SHARES OUTSTANDING, THIS SO-CALLED DIVIDEND WILL COST THE COMPANY $819,720!

WHAT KIND OF NONSENSICAL ECONOMICS IS THIS?

LIES, LIES, and DAMNED LIES - ALLIED BRANDS ANNUAL RESULTS SHOW COLLAPSE IN BASKIN ROBBINS BRAND, HUGE MISSED PROFIT FORECAST

Peter Graham, Managing Director Allied Brands Ltd. (ABQ) said on 22 June 2009 that "the company reaffirms the current forecast net profit before tax of a range of $6.0m - $7.0.m remains on foot". Also what he told to the Rivkin "Stock Bullshitter's Report"

And reaffirmed again on 31 July by Peter Graham.

Preliminary results show actual results of $2.9m.

A MISS OF OVER 50%

Just 11 August (six weeks after the financial year closed) Graham also told the ASX, who is still investigating the massive volume in share trading, that "The Company is not aware of any reason to think that the Company may record any material abnormal or extraordinary profit or loss for the full year ending 30 June 2009".

This was clearly a lie to the ASX!

Not only did the company miss by 30%, it in fact showed huge abnormal losses for the year.

Sorry, this was TWO LIES.

The statement also shows a complete collapse in the Baskin Robbins and Cookie Man brands. While claiming a 6% same store growth figure, this is after shops were forced into 25% pricing increases due to failures in the company's foreign exchange hedging program. (By "failure", it's said that despite promises to the shareholders this was NEVER done!).

This after they "rode the tail" of Retail Food Group (RFG), who posted REAL sales increases, REAL profits for their franchisees, and RETIRED debt. Something Allied Brands has spectacularly failed to emulate.

Ok, THREE LIES by Peter Graham and management.

So clearly it would seem the big "volume" in share churn these last few weeks were non-reporting insiders selling their newly purchased shares in the last massive company dilution - taking a 10 or 20% profit on these shares before these dodgy reports hit the market. TODAY.

Also notice that NO AUDIT STATEMENT has been provided. So there likely can be more lies and other problems in what's been released today. We understand battles with Hackett's continue to rage with Hackett's threatening to force the audit elsewhere. NO AUDIT IS A GIANT RED FLAG THAT THE END MAY BE NEAR!

STAY TUNED!

More analysis coming soon. . . . .

ALLIED BRANDS MISSES ANNUAL REPORT DEADLINE AS DIRECTORS FIGHT WITH AUDITORS, EACH OTHER

Management battles are said to be underway at the Gold Coast offices of Allied Brands Ltd (ABQ) with the result that the company has missed its reporting deadline for the Annual results report.

Just a month ago the company promised results would be released by 25 August. The week ended with no such results being reported.

Auditor Hacketts company is being strongarmed to sign off on reports that many believe are dodgy, to say the least. The increased scrutiny by the ASX, ASIC, and other investigative bodies have the professionals scared about putting their signatures on these reports. Previous quarterly, half yearly, and annual reports have already been exposed to have statements with little veracity.

And one director who's also employed by Korda Mentha is increasingly concerned that his licence will be threatened by the process currently underway. Korda Mentha would have serious credibility issues if the ASX and ASIC, currently watching Allied Brands closely, begin to inspect the kind of reports that the company is hoping will stop the slide and once again cover up the real health of the company.

31 July 09 notice to market:

autopost 61.9.168.137

ALLIED BRANDS PARTNER DUNKIN BRANDS ANTI-FRANCHISEE TACTICS ORDERED EXPOSED BY COURT

Dunkin Brands, partner with Allied Brands Ltd (ABQ) in the Australian operation of Baskin Robbins, has been ordered by American courts to disclose their alleged illegal tactics used to drive franchisees out of business and steal their locations for resale.

ALLIED BRANDS TACTICS LEARNED FROM AMERICAN PARTNERS EXPOSED HERE

A steady stream of franchisees

from Detroit to Brooklyn to Ohio have told similar tales of being pushed out by Dunkin' at fire-sale prices, many losing their life savings when they refused the Dunkin offer.

Similar stories have come from Australian Baskin Robbins franchisees who have similar problems with this rogue franchisor. On Ocober 4, 2007, Dunkin' Director of Operations Len Hohmann had warned fellow Dunkin' execs: "moving forward, please do not email... and let's communicate by phone." Similar instructions have been given by Allied Brands management to middle management employees, who are warned to avoid responding to any franchisee complaints via email, only by telephone.

To the writer who's expressed concern about their employment at an ABQ-associated company, please be assured. . . . .and thanks for the informations.

ORGANISED SHARE CHURN OF ALLIED BRANDS FAILS AS INVESTORS SMELL A RAT

The two week share market blitz being investigated by both the ASX and ACCC has failed to move the shares as hoped by management.

With over 8 MILL SHARES traded in two weeks (1/3 the turnover for the year!) the stories in the Rivkin Reviews clearly were seen as false by the market. The Rivken Report is considered to be a "book for hire" by low-value share companies trying to save their companies.

All the while reputable franchisors like Retail Food Group (RFG) continued to power forward on the results of profitable franchisees, efficient and competent management, and good economic planning. Real investors continue to pile into this company, while the real investors buggered in their collapsed ABQ investments look for the exits in droves. Baskin Robbins, Cookieman, Kenny's Cardiology, Awesome Water, and now Villa and Hut franchisees all continue to express fear of the impending collapse of their franchisor.

ABQ middle management, fed up with director-level decisions that give them increasingly worthless shares while the underlying problems are unaddressed, continue to leave the firm only to be replaced with less experienced and less competent wankers.

All that's left this month is the annual report - so filled with shonky claims that only a day or two will go by before these shares resume their downward trek again. The only question for market watchers is how many shonky claims will be allowed in the report by auditor Hacketts? Are they willing to continue to put their reputation and licence at risk for ABQ directors?