American Oriental Bioengineering Inc. (AOBI)

[ottoman]

It doesn't mean anything really. It's just bookkeeping for brokerage firms.

Those of us who bought shares of AOBI back in 2014, before the 1-501 reverse split (which happened April 2014 if I remember correctly) had the post reverse-split shares removed from our brokerage accounts. Replaced with a cusip number, pending a cash-in-lieu of fractional shares.

No payment was ever made. Those shares (and money) went **poof**. Not even 1 penny on the dollar was distributed. No fractional shares ever distributed.

But now, the remnant "ghost" shares of AOBI, are finally being removed from brokerage accounts.