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.

COOKIE MAN HAS LIQUIDATOR APPOINTED, ABQ SPINS MORE FAIRY TALES FOR THE ASX WHICH ARE REJECTED AS MORE ABQ BULLSHIT

As we indicated yesterday, what Allied Brands termed "news" about the Cookie Man brand last Friday when they asked for share trading to be suspended has been exposed by the ASX as in fact a LIQUIDATION ORDER imposed by the courts on Allied in relation to Cookie Man operations.

Allied Brands (ABQ) management failed to reveal this LIQUIDATION ORDER to the ASX when asking for the suspension, and when the ASX was tipped to the LIQUIDATION ORDER, they stepped in. In the response by ABQ, they claim that secrecy was necessary not to damage the other businesses! In other words, we're close to landing new suckers in our Ponzi scheme, and don't want them to know it isn't working!

Allied management was asked seven specific questions by the ASX, and since trading has remained halted we can safely assume that the bullshit responses by the company, and over the signature of Sean Corbin, have been rejected.

It's unclear what vendors have pushed Cookie Man into liquidation, but since Allied has arrearages across all of the brands, this will likely encourage the others to file for LIQUIDATION ORDERS as well. The court has issued a "Winding Up Order" as of yesterday the 29th. Sadly the crooked actions of Allied Brands has destroyed perfectly good businesses like Cookie Man, Kenny's Cards, and Villa & Hut.

All that's left now are the criminal investigations into these fraudsters.

And remember, the real ratbag Shane Radbone and ratbagette Victoria Elise Radbone still owe ABQ over $750K for the sweetheart loan he made to himself with franchisee funds.

ASX NOW HALTS ALLIED BRANDS

THE ASX has now stepped in to halt trading in Allied Brands Ltd. (ABQ).

Investigations into the company have reportedly been stepped up by both the ASX and ASIC in the last week.

ALLIED BRANDS SHARES STILL HALTED, INSIDERS CONFIRM 30 DAY WARNING GIVEN BY BASKIN ROBBINS USA

Shares are still halted this morning, despite the company claiming the halt would be removed today.

Insiders confirm however that Allied Brands (ABQ) was given a "30 day warning" by the US owners of Baskin Robbins. It is unclear when this 30 day period began, but clearly with reports of widespread product shortages this would seem only a formality before ABQ is stripped of this franchise operation.

This is information required to be disclosed. It has not. Will we see the principals of this company jailed for these continual law violations? We hope so.

More soon. . . .

ALLIED CONFIRMS FINANCIAL DEFAULTS, NOW WANTS MEDIATION IT WON'T PROVIDE ANYONE ELSE!!!

Allied Brands Ltd (ABQ) issued a statement after close of market today that has brought peals of laughter and derision from Baskin Robbins franchisees in Australia.

The STATEMENT confirms that money raised this week in desperation by the sale of more shares was raised to pay Dunkin Brands money that it agrees is in default to Dunkin by ABQ. We wonder if the ASIC and the ASX are reading this statement - it confirms that Allied Brands is financially IN DEFAULT, and failure to pay debts as they come due is TRADING WHILE INSOLVENT.

TRADING WHILE INSOLVENT! CONFIRMED BY ALLIED BRANDS!

The statement then goes on to claim that ABQ is going to lodge a complaint under the provisions of the Australian Franchise Code for mediation!

This despite Allied's history of stonewalling complaints filed under the code by Australian franchisees. Baskin Robbins Australia has a long history of failing to respond to mediation notices and failing to even appear at scheduled mediations.

Since the ACCC has no "enforcement" provisions for "Failure to Mediate", Allied's history as a rogue franchisor in this area is clear.

Now Allied Brands insists that Dunkin Brands follow the code that they themselves have used to abuse the Baskin Robbins franchisees!

We all can't stop laughing!

MORE DODGY FINANCIAL SHENANIGANS TODAY FROM ALLIED BRANDS (ABQ)

Allied Brands (ABQ) so-called acting CEO Sean Corbin has filed an ASX document today showing that the company is engaged in the dodgy accountant equivalent of "searching the sofa for coins". With weeks gone by, this is pathetic.

ASX NOTICE

No word on when Baskin Robbins "31 Flavours" franchisees will ever see 31 again (most reporting 12-15 currently).

And no word when, if ever, ex-CEO Shane Radbone and his glamour spouse Victoria Elise Radbone are going to pay back their sweetheart $750,000 loan - now seriously in default.

The amount raised in this action today won't even come close to paying costs associated with all the failed Kenny's, Cookieman, and Baskin Robins locations here an in New Zealand. Maybe it's for one big last party?

The next step (they do it all the time) is for one of the mates to buy some shares to push up the price in desperation. Given that 95% of the value and all of the cash is gone, what's the point?

PPK GROUP NOW UNDER INVESTIGATION FOR UNDISCLOSED ALLIED BRANDS INVESTMENTS BY DIRECTORS

Insiders at Allied Brands (ABQ) are reporting that the ASX and ASIC are investigating PPK Group Ltd (PPK) in conjunction with the financial collapse at Allied.

PPK has previously disclosed an "investment" by the company in ABQ shares, although the exact amount and relationships between ABQ and PPK have remained hidden.

Two PPK board members are said to be involved personally with undeclared personal investments in "secured notes" to Allied Brands. These are Glenn Molloy and Jury Wowk.

Wowk, a solicitor with HWL EBSWORTH, was appointed to the ABQ board earlier in the year -- a position he resigned from almost immediately after his first board meeting. Wowk was heard exclaiming "quite a fucking mess you've got here" on his way out the door. It was this quick resignation that began the public unraveling of all the lies and misleading statements made by the company to, well everyone.

But now the re-organisation or windup by the company is being held hostage by what are said to be personal interests of note holders which include Molloy and Wowk, and perhaps others at PPK.

None of this has been properly disclosed according to the ASX, and this could have a major effect on the status of PPK Group as well. Since the same kind of ratfucking of share holders at PPK seems to be occurring along with the ABQ share holders, a common thread of greed seems to be running thru this Gold Coast "old boys network"

It's unclear if these issues are known to Dunkin Brands when they served their intent to cancel Allied's running of Baskin Robbins. But clearly this is another layer in the corrupt operation being run by Lachlan McIntosh of KordaMentha.

Note that none of these people including acting CEO Sean Corbin has any experience with franchises, ice cream, cookies, or anything else this company does. All they're worried about is how much money to squeeze from the battlers that own the franchises and work at the coal face.