It SEEMS to me that to get to less than 300 shareholders AOBI counted EACH BROKER holding as as a SINGLE (one) shareholder. Less than 300 shareholders were required to escape SEC reporting. Broker A (Scottrade in my case) divided all the shares it held by 501 as instructed and then turned in the odd or remainder shares and received $0.50 / share for the 500 or less shares turned in as part of the 1:501 reverse split That $250 received by Scottrade was then apportioned as a few pennies a share to those client accounts holding AOBI shares. Individuals holding their own shares in their name did seem to get the $0.50/share as this message board reported over the months (months ago).
It's my weak guess that it was not AOBI's intent to have it happen that way, but poor instructions from AOBI's agent and poor execution by the brokerage firms got things so mixed up no one knows exactly what happened. Will it ever get corrected? I kind of doubt it. I'm out a few peanuts ($200) compared to suffering through the loss on the stock, of which I now still own a few shares at $2-4/ share depending on the day..
No idea. Why doesn't someone write to them for some of these answers? Watched a discussion on how some Chinese companies have operated, from what I could understand, they intertrade and inflate business in order to take out loans and get more capital, this then disappears and the shareholders are left with ........ Officials of the company from what was said use funds to purchase overseas property and other investments. Hopefully this Company isn't one of those.
On the bright side though I noticed that there where over a 1/4 million reports from the public to authority of corrupt behaviour and the penalties are harsh so maybe things will be cleaned up.
Per Yahoo: AXN has 70M outstanding shares. Insiders own 44% or about 31M. Institutions own only 0.1% or 70,000. Where's is the other 29M.?? ---Seems to me it's likely owned by an entity or two somewhere. .
As I recall (a reason I bought AOBI years ago) was that AOBI owned about 35% of AXN. Never heard any different; but have no idea whether AOBI still has partial AXN ownership. Figured back then Chinese could eventually afford pain killers (drugs) and AXN might be able to deliver. Who NOSE what happens behind closed doors and stealthy dealings.??
Chinese government is fighting corruption and fraudulent. Are there anyways to provide these evidence to Chinese government so that the management will be arrested?
Dukecity's message can't be found but it seems like AOBI have changed (or dropped) the company which used to keep their registry!! So where are the shares, who knows?? May try and contact them and find out.
Has anyone with TDAmeritrade received anything? I have AOB stock in 3 different accounts and have received nothing. Just left with 30 shares.
Are we able to contact AOB, they are presumably still regisistered and would have contact details. Maybe ask them who distributed the $'s for them and work forward from there. If you do contact them maybe it would be good to ask what's going on as well. Good luck. PS: My check for full amount was made out by distribution company.
Scientific American back issues are available in most public libraries.
Search Web to find a "preview":
"The Whole Economy Is Rife with Ponzi Schemes"
Many ordinary business practices resemble the infamous con game
By Kaushik Basu The author hails from India. His subject is quite apropos!
Is this a scheme to get us to buy the article :)? Even the auditors would fall into that category then, wouldn't they?
by Kaushik Basu, Scientific American, June 2014, pp. 70 - 75
Peruse this article for education about the psychological group-behavior it describes.
The majority of AOBI-holders are just pigeons to Wall Street con artists.
Sentiment: Strong Sell
So what. Are you gonna issue an arrest warrent for Tony? That ought to be entertaining.
I don't think anybody who has been following AOBI for the past several years on this thread doubts that fraud was committed. However - the lawsuit was dismissed in a US court. Do you now of other legal options?
contact me. The information are public and irrefutable.
You are right, my bad, let's hope they all get cancer. Also their families and next 3 generations
Dongbei Ren (people from north east China) are simply the worst liars and cheaters you can imagine. They are looked down in China too.