ALLIED BRANDS MANAGING DIRECTOR TIED TO DISGRACED COLLAPSE OF SUPER GP - CALLED LIAR BY QUEENSLAND PREMIER!

The spectacular collapse of the Gold Coast SuperGP race this coming weekend has tied disgraced Allied Brands Ltd. (ABQ) Managing Director Peter Graham to fired former MP Terry Mackenroth and seen both accused of lying to the Queensland Government by Premier Anna Bligh.

Graham, who has overseen Allied Brands while it is actively investigated for insolvent trading, sale of visas & dud franchises to Korean and Chinese migrants, and ASX violations related to continuous disclosure, is a director alongside Mackenroth on the Gold Coast Indy Partnership, the organisation now implicated in the Super GP fiasco and loss of millions in state funds.

Bligh is quoted in THE AUSTRALIAN as saying

"It would seem that the A1GP simply lied, that they deliberately misled. Right up until Friday they were giving assurances that this race would go ahead," she told reporters."

"When you're dealing with people like this, it's very hard"

"These are people who frankly I think acted in bad faith, and I would recommend anybody else who might be dealing with them anywhere else in the world to take great caution"

"These are not people you can trust."

Baskin Robbins, Cookie Man, Awesome Water franchisees along with Allied Brands shareholders would agree - Bad Faith is a standard of operation for Allied Brands.

The SuperGP website still claims the race begins "In 2 Days".

The Queensland Police and Queensland State Auditor have opened a criminal investigation into the collapse of this event, and possible criminal charges against those responsible including the board and directors, apparently including director Peter Graham. Mackenroth has already been bounced from the board in disgrace.

Perhaps this will spur the current investigations into getting some of these crooked companies shut down.

Peter Graham has been actively attempting to cash out of Allied Brands (according to filed ASX reports) since the last annual report showed a massive miss despite his assurances of profits to the market and press.

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.