it's just interesting a company can be allowed to put out information, whether it be SEC filing, or press release, causing people to buy their stock, then reneg on the terms after the reverse split happens (when it's too late to sell / recoup money). And they're allowed to just carry on.
American Oriental Bioengineering Inc (AOB) ---- 2014, they did a 1-501 reverse split, with a provision that anyone owning less than 501 shares pre-split, would be cashed out at 50 cents per share.
They never paid on 1 penny on the dollar. Nothing. No shares given back. Took all the money, and poof.
