ALLIED BRANDS RAISES MORE CASH WITH CUT-PRICE SHARE ISSUANCE. WILL THE CASH BLEEDING NEVER STOP?

FROM THE ASX 3B FILED 15 OCTOBER

As Allied Brands Ltd. (ABQ) continues to bleed cash, they continue to dilute their shares with "fire sales" at below market prices.

This ASX disclosure, filed Thursday, shows now "sophisticated investors" won't pay more than $0.1285 per share.

Expect to see the current market price to collapse to this new level, or below.

The ASIC is now charged with questioning why the company continues to need so much cash to fund operations!

ALLIED BRANDS (ABQ) THE COLLAPSE CONTINUES WHILE REST OF MARKET SKYROCKETS

"SOPHISTICATED INVESTORS" were recently offered "discounted shares" in Allied Brands Ltd. (ABQ).

These shares are now under water.

What kind of lies were these "sophisticated investors" told?

These shares should NOT be confused with those sold to Breville heir Barbara O'Brien and ex-vacuum salesman Tom Krulis. These people were sold shares, but given lucrative "executive" jobs as compensation for their good names. Which are rapidly being tarnished and trashed by their association with this company.

THE COLLAPSE CONTINUES!

AMBUSH NEWS REPORTERS LOOKING FOR LACHLAN MCINTOSH, TOM KRULIS, & FRANZ MADLENER

A producer from ambush news programme "Today Tonight" has been attempting to contact Korda Mentha, Lachlan McIntosh, Tom Krulis, and Franz Madlener about the goings-on at the failing Allied Brands Ltd. (ABQ).

Should be fun when they catch up with them, and start asking the tough questions while they run for their cars!

CONVERSATION REPORTED FROM ALLIED BRANDS SWITCH BY ABQ EMPLOYEE THIS A.M.

"Good morning, Allied, xxxxxxx speaking"

"My name is xxxxxxx, I'm a shareholder, I'd like to speak to Peter Graham"

(Remembering her instructions), "I'm sorry, Mr. Graham isn't available, can I take a message?"

"How about Shane Radbone?"

"I'm sorry, they're all out at the moment - can I take a message?"

"Yes, tell Peter Graham to shut up all these internet message blogs, they're killing my investment".

"I'll give him the message".

CLICK

WENDY'S EMPLOYEES MOCK BASKIN ROBBINS AND ALLIED BRANDS

After seeing the continued collapse in Allied Brands Ltd. (ABQ) shares, today in a market up by over 2%, we were surprised to receive an email from a Wendy's Ice Cream management employee. They say:

"Wendy's management is in fits of laughter day after day, as more and more failed Wendy's staff appear as Allied Brands and Baskin Robbins employees".

"There is a reason these people like Cavanaugh and Radbone no longer work at Wendy's, Australia's largest ice cream company. We were happy to see them go, relieved they're gone, and even happier to see them destroying our competition".

"Keep up the good work".

Thinking this another Allied Brands management trick, we note the address on the email was from 150.101.248.21. Even the competition has noted the management stupidity at Allied Brands!

RFG CEO TONY ALFORD BUYS HIS SHARES EVEN AFTER RUNUP! PETER GRAHAM SELLS ABQ AFTER COLLAPSE!

HERE'S THE DIFFERENCE BETWEEN QUALITY MANAGEMENT AND FAILED LIARS:

(CLICK HERE FOR ALLIED BRANDS LIES)

TONY ALFORD, Retail Food Group Ltd. (RFG) CEO - BUYING SHARES

PETER GRAHAM, Allied Brands Ltd. (ABQ) (mis)Managing Director - SELLING SHARES

What better signal to the market about the direction these companies are headed? Selling your own shares as the company collapses around you isn't a good signal to the market or your Gold Coast mates, Peter.

ABQ MANAGING DIRECTOR RUNS OUT, CASHES OUT, ON LOUSY ANNUAL RESULTS

On the heels of of another failed year for Allied Brands Ltd (ABQ), managing director Peter Graham is apparently being shown the door by other management - and is cashing out at a huge loss on his way out.

After close of trading today, Graham revealed he's been selling off big.

ASX ANNOUNCEMENT

Note in this announcement the massive number of options held by Graham and his family that expire very soon - options that are totally underwater due to the company's collapse and continued huge cash burn. No one knows why these options were "awarded" by the company, but the price has never even been close. How can it, when stores continue to open, fail, and close?

With the company diluting shares even further this week, issuing another 5million at 14+ cents, the Grahams have clearly signaled that the share price can only go down from the current .155 cents, and are running for the door now.

Graham has clearly lost the support and respect of his fellow directors, who like the franchisees blame Graham, his son, and brother David for the failure of brands Baskin Robbins and CookieMan.

Note also the annual report (page 71) acknowledges that the Graham brothers owe hundreds of thousands (over $320,000) to the company for a failed defense and settlement for their actions as directors--apparently more abuse of franchisees. This legal action was not covered by the company's insurance--as the annual report notes, director's insurance does not cover acts of "bad faith". This debt was not disclosed previously by the company, nor apparently did the auditors know about the debt. The ASIC is investigating this "oversight" along with other misleading statements made by the company.

It was Peter Graham that continued to tell the market the company was "on track" to a $6million to $7.5million annual profit when just weeks later the company so spectacularly missed these numbers and continues to bleed cash on a massive scale. So short is cash that the company is no longer providing Baskins franchisees with their "Flavour of the Month". They apparently can't afford to stock these additional flavours!

The Grahams have driven this company into a ditch - for the third time. Dunkin Brands has signaled it's time for these failed businessmen to go - even as the rest of the weak management team tries desperately to stem the huge cash burn that spells doom in the next few months.