There IS at least one way to make these crooks accountable to the small shareholders that were screwed, blewed, and tattooed by this Chinese Scam Operation.
Please note the following:
If you held enough shares to participate in the "would-be" reverse stock split, wherein you'd be left with a PRIVATELY OWNED share in AOBI. Take, e.g., owning 1001 pre-split shares. Under this scenario, an AOBI shareholder would be entitled to one (1) new Post Reverse Split Share, PLUS, that owner has a reasonable expectation that he would still be owed an additional $250.00 to account for the PROMISED PAYMENTS to any/every shareholders who held pre-reverse split shares in such amount that any division by 501 shares (as part of the one (1) : five-hundred one (501) shares. And at the core of our legal system, words DO have meanings, "and a bargain is a bargain." These payments on the stubs held in our accounts should have been dealt with and paid off MONTHS AGO, and instead, just languish in our accounts.
The way that I see things, Fat Tony & Co., have feathered quite a little nest for themselves. The one thing that you can always count on is that a deal like this is awesome for the ones that proposed taking our shares; and on the flip-side, you can ALWAYS bank on any "glitches" that might come up. seee.g., finding out at the last minute e.g. that there is some kind Mumbo-Jumbo type Shuck-N-Jive, "situation" which "prohibits" small holders from receiving what's owed to them; whereas, the company used company working capital to supposedly pay us (i.e., no money was coming out of management' pockets).
1. They've gone private through the 1 for 501 shares reverse stock split, and have arguably benefited immensely. Not only has AOBI's bookkeeping, Sar/Box reporting, account fees, and other associated costs have all been drastically, reduced, or in certain cases flat out eliminated. Thousands of my shares have disappeared (1 for 501), and they have apparently tried to switch things up by paying $1.22 as payment for what 500/501 of a share is currently worth. This is B.S. on so many different levels, not the least of which is that the "selling my fractional share into a phony-baloney fixed price of a stock that I cannot purchase offering to pay $10.00/new AOBI share. Yet MORE FRAUD. And of course, all of the documents filed with the SEC were quite CLEAR on this matter: shareholders holding less than the 501 number needed to get you one new AOBI share in the post split company would instead receive $0.50/share of pre-split AOBI shares. The latter remedy is the ONLY remedy ever discussed in the SEC docs sworn to be true and filed with the SEC in Washington D.C.
2. It would appear that Fat Tony & Co.'s end goal is to further screw-over small shareholders that were at least going to receive $0.50/each pre-split share, and that the Fat Tony Management would enjoy all the benefits of the reverse-split, going dark transaction, with massive savings to Fat Tony & Co., and that this new management in China was hoping that the small shareholders waiting for their 0.50/old (pre-reverse split AOBI shares) would realize that management has gone out of their way to PUNK us, and that we would just "fugedaboutit."
Now, going back to your original question, here is the way that I propose to act:
I understand that Fido's legal department is contacting OUR company's legal counsel to give them a "Wha's Up?, here.
If the Fidelity thing does not pan out, we need to make ourselves to be the biggest P.I.T.A.-es that they've seen in quite some time. My plan consists of going through more than a dozen fido account, taking those certificates OUT of Street Name Registration, and simply GIFTING away as many shares as I am able to. And I will personally instruct the Transfer Agent to transfer one (1) share of AOBI, to each and everyone of my 300 newest friends.
If we can succeed in getting the Registered Shareholder Count BACK ABOVE 300 DIFFERENT, REGISTERED SHAREHOLDERS BACK ABOVE THAT CRITICAL 300 + number (placing us back in a position where we would have been prior to their reverse-split shenanigans, all of the reporting duties and obligations that the SEC had previously suspended (and that therefore allowed Fat Tony & Co., to treat OUR company as their little piggy bank, well . . . that suspension (of their Duty to Report to the U.S SEC), of their continuing duty to file, their [costly] duty to comply with the onerous rules that Sarbanes/Oxley, because as soon as our company is back ABOVE the 300 separate, identifiable shareholders, the permission that AOBI sought to go dark means that we've just switched the light back on for management . . . So that they may still See the Light
I have been trying to buy additional AOBI shares to give to my young nephews/nieces, my grandson and granddaughter, other Family Members, friends, neighbors, acquaintances, strangers. Essentially, anybody that wants a share, I'm going to gift it to him/her.
That is what I am planning to do. I would ask those of you who have more than a handful of AOBI shares, I would ask that you join me so that we can get this done before the closing of 2014, which is the date that a company uses, to determine whether their obligations have placed on hold, would now, instead, be forced to go through all of the accounting, bookkeeping, legal, and other professionals to comply w/ Sarb/Ox. In other words, a company's Duty to Report to the SEC NEVER, EVER goes away; instead, that Duty is placed on hold, and so long as the company's shareholders have NOT crossed the 300 line, management is free to drop back down the curtain so that they can go back to their alchemy, e.g., the equivalent of turning a one Kilo Bar of Tungsten, and magically coating it in 22k gold, or better yet, taking that same bar of Tungsten, and spray-painting it with a can of Krylon Gold Spray Paint. The moment the shareholder count (that is to say, REGISTERED SHAREHOLDERS NOT HOLDING THEIR AOBI SHARES IN STREET NAME), exceeds 300, Management's Duty to Report to Sec, Duty to comply with SarbOx, etc.
I think that if AOBI sees that this is what's coming down the pike, they may suddenly realize the ramifications, they may see the light, and they may issue a statement in the WSJ, admitting that they did not know that screwing over shareholders through outright FRAUD. (See Form 13E3/A, executed on or about February 14, 2014, passim; seealso, Form 14A, executed on or about February 14, 2014, passim. Both citations repeatedly referring to the phrase "The Cash Value" and throughout each set of documents filed under oath to the SEC, both Form 13E3/A and Form 14A make repeated references as to EXACTLY the type of remuneration that each "SOLD OUT@ shareholder would receive, which of course, is $0.50/AOBI pre-split share, nothing more, and certainly, nothing less. Ibid, passim
I would of course, be very happy to assist in the transference of your shares to your 3rd parties, in the event that you need some assistance .
Kindest regards,
David from Big D
Ps: this is really late for me. Please pardon the many typos that I am sure that my post will be sure to have. That said, time really is of the essence. We all need to have AT LEAST one of our shares registered in our own name, on the books of the Transfer Agent. If you keep your shares in street name, you will NOT be counted, as your broker that already holds your AOBI shares, along with those of another 150 shareholders holding 1 or more shares, will still only count as ONE (1) SINGLE SHAREHOLDER, and that is the broker, holding everybody's shares in Street Name as a convenience . . . but at a BIG cost to those that want OUR company back here in the states, subject to NY securities laws, and subject to the jurisdiction of the SEC, both in a Civil and more importantly, in a Criminal Capacity.
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