ABQ FRANCHISEES REPORT CONTINUING FRAUD BY COMPANY - EVEN WHILE IN "CONTROL" OF ADMINISTRATOR

Now that Allied Brands Ltd. (ABQ) has finally admitted operating while insolvent and appointed an External Administrator, franchisees of all the brands involved are writing to complain that the ASIC administration rules are not being followed. Has the "old boy's club" extended to the appointed liquidators, McGrath Nicol and Vincents Chartered Accountants? Vincents appointment is especially suspicious, as a "home town" firm to the company and ABQ Chairman with at least one director, Peter Biazos a former director with Korda Mentha in Brisbane who's one of the appointed administrators!

Be reminded that Allied Brands chairman Lachlan McIntosh is also a licenced liquidator and director of another oft-criticised firm, Korda Mentha. Oddly, while still listed as liquidator on several high-profile Australian liquidations, McIntosh has been completely removed from the Korda Mentha website. This follows after Korda Mentha blocked access to this and other related blogs on the Korda Mentha internal internet access system, apparently so other employees and staff couldn't find out what kind of damage was being done to employees and franchisees at this McIntosh-run company. Perhaps finally the embarrassment of having a corporate loser as company director started to bite? Call Mark Korda and ask him!

Franchisees report continued billings, invoices, and other items without the ASIC required notices that they are "UNDER ADMINISTRATION" or "RECEIVERS AND MANAGERS APPOINTED". This is just one serious breach of the Insolvency Laws administered by ASIC.

And one franchisee has reported seeing management still driving a "Baskin Robbins" advertising car around the Gold Coast. It's easy to spot - covered with Baskin Robbins logos and rotten tomatoes.

Franchisees are now reporting these violations to ASIC, but don't hold your breath thinking ASIC is the least bit interested now. They haven't been for years!

Franchisees with any question about payments to Allied Brands Ltd. or some subsidiary company should take legal advice and perhaps delay any payments until it is clear they're going to the right pocket. These companies didn't collapse by mismanagement. Most believe serious fraud has been involved. There is no reason to think Administration will be any different.

ABQ FINALLY ADMITS BANKRUPTCY AND ONLY COURT ACTIONS REMAIN!!

It's official.

Allied Brands Ltd. finally admits bankruptcy (though likely trading insolvent for months).

All that's left are the trials and jail sentences for this bunch of criminals. You know who you are, pathological liars all, interested only in lining your own pockets while screwing honest hardworking people.

From all your franchisee battlers, current and dudded we salute you!

ALLIED BRANDS OFFICIALLY STRIPPED OF BASKIN ROBBINS FRANCHISE

Dunkin Brands has sent personnel to Brisbane to take over operations of Baskin Robbins Australia from Allied Brands.

Westpac Bank has appointed a receiver, McGrath Nicol.

Insiders indicate all Allied Brands-Baskin Robbins management has been sacked including Tony Cavanagh, general manager. Reports about this piece of news were prefaced with the word "huzzah!". Cavanagh was said to be one of the real "black hands" in this whole fiasco.

More soon. . . .

KENNY'S GROUP BANKRUPTCY RUMOURED TO BE IN PLAY

Insider reports today advise Kenny's Cardiology and associated companies are close to being pushed into receivership. Insiders say, like Cookieman, it's involuntary and being organised by one or more unpaid vendors.

Other corporate events that have occurred since shares were suspended are also being investigated by the ASX. The ASX is previously said to have warned Allied Brands directors that suspension of the shares on the market does not remove the requirement for "continuous disclosure" of important corporate events.

More soon. . . .

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.

ALLLIED BRANDS CEO SEAN CORBIN EMERGES FROM HIS CAVE, ANNOUNCES STRATEGIC PLAN

”I am focusing on trying to sell the assets I need to sell to try and keep the whole thing afloat.” Sean Corbin, CEO, Previously Failed CFO

NOT THE WINNING BUSINESS

STRATEGY OF THE YEAR

It's hard to believe people this stupid are actually trying to run a public company in Australia.

Sean, it's over. You're fired.

Along with all the people going to jail for

tax and migration fraud.

SEAN CORBIN'S C.V.

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)

ALLIED BRANDS (#YEARS IN JAIL TBD)

WHEN IT RAINS, IT POURS - AUSTRALIAN TAX OFFICE SHOWS UP AT ALLIED BRANDS GOLD COAST OFFICE LOOKING FOR THEIR $$$$$

Australian Tax Office investigators have reportedly attended the Gold Coast offices of Allied Brands Ltd. (ABQ) in search of huge sums of money unpaid to the tax office. Employees at the Gold Coast have referred these investigators to the Christie monthly rental offices used by the ABQ financial department on Adelaide Street in Brisbane. Few Allied employees are near any of the offices, afraid of the different investigations currently underway.

Christie Corporate has confirmed that Allied Brands is in arrears in payments for this office area as well.

The ATO is in search of not only employee-withheld tax deductions, but a reported $290,000 in unpaid superannuation contributions including employee-made top-ups.