American Oriental Bioengineering Inc. (AOBI)

[ottoman]

Update from Optionshouse broker:

I noticed on Tuesday, that Optionshouse removed the 500 shares of AOBI (temporary shares held in "contra" account) for cash out of $0.50 per pre-split share.

Here is their response today.




Hello XXXXX,



Our Operations department looked into the AOBI Corporate Action for you, but was unable to provide any updates of if and when the cash settlement will be paid. It appears that American Oriental has stopped responding to all legal litigation and has not taken any steps to make payment for the cash settlement. At this point, we do not have any further information and have no anticipated date of when the company is going to pay the cash settlement, if at all. I have included a copy of the most recent memorandum regarding this Corporate Action below.


Mandatory Announcement



We have been notified, DTC HAS NOT BEEN ABLE TO OBTAIN ANY FURTHER INFORMATION PERTAINING TO THE CASH
OUT OF FRACTIONAL SHARES. AS PREVIOUSLY STATED, WRIGHT & LOEB IS NO LONGER
REPRESENTING AMERICAN ORIENTAL AND ALL INQUIRIES SHOULD BE DIRECTED TO THE
ISSUER.


AMERICAN ORIENTAL HAS BEEN UNRESPONSIVE AND HAS NOT COMMUNICATED WITH DTC
VERBALLY OR IN WRITING TO OUR INQUIRIES PERTAINING TO THE CASH OUT OF
FRACTIONAL SHARES.



The shares will be removed from the client’s positions, UPON NOTIFICATION OF ANY FUTURE
DISTRIBUTIONS FROM THE ISSUER, DTC WILL TAKE THE APPROPRIATE STEPS TO
REINSTATE ALL POSITIONS AND ALLOCATE ENTITLEMENTS ACCORDINGLY.



The shares will be removed from the client accounts on 8/7/15.