Mate, the only thing happening here is a massive pump and...

Mate, the only thing happening here is a massive pump and dump.

"Allied Brands remains in breach of its finance facilities. It is in active
negotiations with these parties and expects a positive resolution from these
discussions in the near future and will advise the market accordingly." 26 July 2010.

This company has a strong history of taking punts on low turnover, low margin businesses in highly competitive markets. Most of the stores in their chains are franchisee-owned, so they have no carrying value to the company. Put too many dogs in the kennel and you will go broke feeding them. When the plug is pulled, lots of people are going to lose money.