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American Oriental Bioengineering Inc. (AOBI)

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Last Post: 8/14/2017 8:03:10 AM - Followers: 36 - Board type: Free - Posts Today: 0

"Going Private" Transaction (11/04/13)

To accomplish the reduction in the number of record holders of the Common Shares, the Company will effect a reverse stock split of the Common Shares, whereby each 501 shares of Common Shares outstanding as of the effective date of the reverse stock split will be converted into one whole share of Common Shares (the “Reverse Stock Split”). In lieu of issuing any fractional shares held by stockholders as a result of the Reverse Stock Split, the Company will make a cash payment equal to $0.50 (the “Cash Payment”). Accordingly, stockholders owning fewer than 501 pre-Reverse Stock Split shares will have no further interest in the Company, no longer be stockholders of the Company and will be entitled to receive only the Cash Payment multiplied by the number of pre-Reverse Stock Split shares owned by them. Stockholders owning at least 501 pre-Reverse Stock Split shares, who after the Reverse Stock Split will continue as stockholders, but own a fractional share as a result of the Reverse Stock Split will receive a Cash Payment based on their pre-Reverse Stock Split share equivalent of their fractional share. The total amount of funds necessary to make Cash Payments to stockholders in connection with the Transaction and for related expenses is estimated to be approximately $4 million. The funds for the Transaction will come from the Company’s cash on hand.

Special Meeting scheduled for 3/14/14.
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#650   I don't really know. Don't really care at ottoman 08/14/17 08:03:10 AM
#649   They have a shareholder lawsuit going, right? today32 08/13/17 10:00:35 PM
#648   lol. just blowing off steam. I wonder how ottoman 08/13/17 09:16:04 AM
#647   Was your post just blowing off steam or today32 08/12/17 10:47:36 PM
#646   Giimmie the money!!! ottoman 08/12/17 10:38:56 PM
#645   here is the link for the group that topomouse 02/13/17 10:52:01 AM
#644   Testing, ottoman 12/25/16 01:42:56 PM
#643   We are forming a shareholder group to take China Recovery 11/30/16 03:13:47 PM
#642   Aardvark Turds!!!! ottoman 09/05/16 02:46:49 PM
#641   Latest Response from Broker: .... ottoman 06/11/16 09:36:55 AM
#640   balls! ottoman 05/29/16 11:23:04 AM
#639   no class-action law suits? no SEC investigation about ottoman 04/18/16 08:54:37 PM
#638   I googled lawsuits against them and see that topomouse 12/29/15 01:38:10 PM
#637   good question about the class-action lawsuit. Im surprised ottoman 12/29/15 12:45:19 PM
#636   Just spoke to scottrade-no help i would like topomouse 12/29/15 12:35:26 PM
#635   Where the hell are the class-action lawsuits on this???? ottoman 12/20/15 02:51:34 PM
#634   where my money at? turd pancakes!! with extra syrup! ottoman 11/11/15 07:53:32 PM
#633   I have sent a SEC complaint but SEC yuanxi617 10/15/15 06:49:24 PM
#632   I'm still here, pissed at what these Chinese MrchntDeth 10/15/15 01:49:36 AM
#631   so everyone is gone, everyone has accepted that ottoman 10/07/15 09:50:27 PM
#630   Update from Optionshouse broker: ottoman 08/06/15 11:17:02 AM
#629   just thought I would post in the month ottoman 06/05/15 09:04:55 PM
#628   I'm very surprised that no class-action lawsuits have ottoman 04/12/15 08:04:35 PM
#627   I'm curious to see if there is anything today32 04/06/15 10:04:32 AM
#626   well it's been officially 1 year since reverse ottoman 04/06/15 09:10:49 AM
#625   response today from Scottrade: more of the same. ottoman 03/17/15 09:37:49 AM
#624   I've just about had it with these cash ottoman 03/03/15 07:17:23 PM
#623   Update on AOBI Fractional Share Payout michaelstl 02/27/15 08:38:08 AM
#622   I plan to hold off until 2015, but today32 01/27/15 12:36:23 PM
#621   well, I'm claiming AOBI as a tax loss ottoman 01/27/15 10:58:46 AM
#620   thanks for that update. Yeah, pretty much what ottoman 01/16/15 03:50:14 PM
#619   Tahra Wright from the Loeb law firm called today32 01/16/15 03:42:39 PM
#618   oh cool ottoman 01/16/15 01:13:59 PM
#617   Yes, I got a copy of your message today32 01/16/15 01:11:50 PM
#616   oh, did you read my post before I ottoman 01/16/15 01:06:16 PM
#615   Expecting a phone call from her today, we'll today32 01/16/15 01:02:34 PM
#614   ottoman 01/16/15 12:04:48 PM
#613   I may be overstating things by saying "almost today32 01/09/15 08:19:31 PM
#612   "Almost all companies continue to trade as pink ottoman 01/09/15 08:17:26 PM
#611   I just saw your old post about the today32 01/09/15 08:13:56 PM
#610   Almost all companies continue to trade as pink today32 01/09/15 08:06:48 PM
#609   Ah, that makes sense... So it really today32 01/09/15 08:04:42 PM
#608   btw, looks like another 111 shares were traded ottoman 01/09/15 07:50:55 PM
#607   lol yes, and turned right around and sold ottoman 01/09/15 07:44:52 PM
#606   TradeKing has that $100 minimum per trade for today32 01/09/15 07:29:10 PM
#605   I'm just wondering about other apex-cleared brokers. I ottoman 01/09/15 06:52:12 PM
#604   I can log in, to check history etc. ottoman 01/09/15 06:44:48 PM
#603   So TradeKing won't let you even log into today32 01/09/15 06:31:05 PM
#602   Ouch, sounds like a massive headache. At today32 01/09/15 06:27:11 PM
#601   Hey today.. ottoman 01/09/15 06:05:19 PM