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AmeriResource Technologies Inc. (ARIOQ)

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Last Post: 3/23/2017 6:15:34 AM - Followers: 273 - Board type: Free - Posts Today: 1

Plan of Reorganization 


Amended 4/29/16 ~ https://promotionstocksecrets.com/wp-content/uploads/2016/06/ABIOQ1.pdf
 

Bankruptcy (chapter 11) Time-Line ~ 

https://www.pacermonitor.com/public/case/8758469/AmeriResource_Technologies,Inc 
 

Three reasons to buy #ARIOQ:

- Gross profit of $42,500 for the month of February according to their filings with the courts 

- More info about the company that will run #ARIOQ - http://payrollfundings.com/ 

- More info about their product that will generate profit: http://payrollfundings.com/wp-content/uploads/2015/02/PFC-Mezzanine-Payroll-Funding-2015_1.pdf







AmeriResource Technologies Financing Approval Sought

by Linzee Brownon November 30, 2015

According to the U.S. Bankruptcy Court docket, AmeriResource Technologies filed a motion for entry of an order authorizing the Debtor to (i) obtain post-petition financing from Payroll Funding Company (PFC) and grant liens and security interest and (ii) enter into marketing agreement.

The Debtors request the approval of financing up to $200,000, payable as follows: (i) the maximum monthly advance is $75,000 and (ii) the maximum outstanding borrowing is $200,000. The proposed D.I.P. loan from PFC is interest free with a first priority lien on all future cash receivables. The Debtor has no other assets to pledge as collateral.

The motion explains, “Here, the proposed DIP Loan is critical to the Debtor’s existence and ability to formulate and fund a Plan of Reorganization. The proposed DIP Loan and Marketing Agreement with PFC will provide the Debtor with a stream of income from which to fund a plan. Thus, the likelihood of the Debtor consummating a plan of reorganization will significantly increase. As a result, the Debtor does not intend to liquidate any assets, which are necessary for ongoing operations. This will undoubtedly result in a benefit to all of the stakeholders in this case. In connection with the fiduciary duty the Debtor owes to its creditors, it is imperative that the Debtor receive the new DIP Loan so that it can continue to operate.”


CREDIT LINE AGREEMENT ~ 

* Filed 11/25/15 

Payroll Funding Company, LLC. ("Lender") hereby agrees to lend $200,000 to AmeriResource Technologies, Inc. ("Borrower") on the following terms and conditions: 

1) Effective Date: The Effective Date hereof is Tuesday, December 1, 2015 

To be signed by: 

* PAYROLL FUNDING COMPANY, LLC ~ Lisa Nelson, Officer 

* AMERIRESOURCE TECHNOLOGIES, INC ~ William R. Robins, President 
 

MARKETING AGREEMENT ~ 

* Filed 11/25/15 

Payroll Funding Company, LLC will supply marketing services to AmeriResource Technologies, Inc. on the following terms and conditions: 

1) Effective Date hereof is December 1, 2015 

To be signed by: 

* PAYROLL FUNDING COMPANAY, LLC ~ Lisa Nelson, Officer 

* AMERIRESOURCE TECHNOLOGIES, INC ~ William R Robins, President 

 

 DEFINITION of 'Chapter 11'

Named after the U.S. bankruptcy code 11, Chapter 11 is a form of bankruptcy that involves a reorganization of a debtor's business affairs and assets. It is generally filed by corporations which require time to restructure their debts.

Chapter 11 gives the debtor a fresh start, subject to the debtor's fulfillment of its obligations under its plan of reorganization.    



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PostSubject
#35232  Sticky Note http://www.worldservicesgroup.com/profile/attorney/erven-t-nelson/40159 VEGASREAL8TOR 02/22/17 10:24:46 PM
#35083  Sticky Note I have not seen any definitive official document ranger_7 02/16/17 02:52:09 PM
#34572  Sticky Note What I KNOW is the ARIOQ shares are worthless. 1manband 01/24/17 03:58:32 PM
#32169  Sticky Note SHARES WILL BE CANCELLED THE CASE IS CLOSED! surfkast 09/30/16 04:09:23 PM
#22037  Sticky Note My information is factual and correct. The common 1manband 06/05/16 11:55:43 PM
#21791  Sticky Note The topic to be discussed here is ARIOQ. IH Admin [Dan] 06/05/16 04:56:37 PM
#35518   G/M_ARIOQ_!$$$!_ONE FANTASTIC_BK'_SPECULATION PLAY_!$$$!_ Stanner 03/23/17 06:15:34 AM
#35517   Bid Ask surfkast 03/22/17 03:45:15 PM
#35516   You way behind abazaba375 03/22/17 02:26:01 PM
#35515   Come on baby run run run run run, TONTOYO 03/22/17 01:03:52 PM
#35514   http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129666190 surfkast 03/22/17 08:38:51 AM
#35513   G/M_ARIOQ_!$$$!_ONE BIG PAYDAY HERE_!$$$!_HUGE_!$$$!_GO_ARIO_!$$$!_ Stanner 03/22/17 06:19:01 AM
#35512   G/M_ARIOQ_!$$$!_ Stanner 03/21/17 09:12:53 AM
#35511   Good Morning ARIOQ primecomm 03/21/17 07:28:39 AM
#35510   He wants to make everyone happy, and his MasterBlastr 03/20/17 10:58:42 PM
#35509   ARIOQ~that was posted here some time back Epiphany12-audio Stanner 03/20/17 02:23:31 PM
#35508   It has.Why Hoffmeister has not notified FINRA is surfkast 03/20/17 07:25:11 AM
#35507   G/M_ARIOQ_!$$$!_all them wrong_calls_since last June_ARIOQ_still alive_!$$$!_ Stanner 03/20/17 06:41:54 AM
#35506   Looks like the coffin's been closed for a MasterBlastr 03/19/17 10:10:15 PM
#35505   73 Filed: 9/14/2016, Entered: None surfkast 03/19/17 07:47:27 PM
#35504   ARIOQ~I'm watching NevadaSOS for license renewal_!$$$!_imo,transition to 'beef Stanner 03/19/17 06:02:33 PM
#35503   Stanner..STILL HERE, WAITING FOR THE ARIOQ EXPLOSION TO halbroke1 03/19/17 03:14:55 PM
#35501   Looks like there are two types of investors MasterBlastr 03/18/17 04:15:08 PM
#35500   Don't be so hard on yourself, it'll run! T.P.G. INVESTMENTS 03/18/17 03:34:14 PM
#35499   Same shill wasting another $50 on a stock kennypooh 03/17/17 05:35:10 PM
#35498   Another fake trade today, geez when will it stop??? T.P.G. INVESTMENTS 03/17/17 04:55:05 PM
#35497   How should he, he is not the lawyer! Iron heart 03/17/17 11:55:22 AM
#35496   Did you read the POR - it provided I-Glow 03/17/17 11:04:21 AM
#35494   Good Morning $ARIOQ primecomm 03/17/17 06:58:31 AM
#35493   G/M_ARIOQ_!$$$!_ Stanner 03/17/17 06:06:15 AM
#35492   Bankruptcies by public companies are extraordinarily rare. The 1manband 03/16/17 11:50:42 PM
#35491   ROTFLMFAO - there we go again. FINRA ranger_7 03/16/17 11:44:18 PM
#35489   Its the trades you don't make - bet MasterBlastr 03/16/17 08:14:17 PM
#35488   Sure. Trade well. BuildingCoin1 03/16/17 06:58:07 PM
#35487   ARIOQ is not a shell, as there is 1manband 03/16/17 06:56:56 PM
#35486   Other than the shell. Trade well. BuildingCoin1 03/16/17 06:54:21 PM
#35485   This is not a shell. There is no 1manband 03/16/17 06:52:43 PM
#35484   A Shell Stock (Shell Company) is a public BuildingCoin1 03/16/17 06:48:08 PM
#35483   There is no shell, since there is absolutely 1manband 03/16/17 06:37:17 PM
#35482   Agreed dog... the shell has value. BuildingCoin1 03/16/17 06:36:32 PM
#35481   Maybe someone will buy the shell. 1manband 03/16/17 05:58:39 PM
#35480   I bought this stock so many years ago. AllSeeingEyeDog 03/16/17 02:46:06 PM
#35479   Yep...same shill...good eye lol. kennypooh 03/16/17 01:08:08 PM
#35478   G/M_ARIOQ_!$$$!_ Stanner 03/16/17 06:56:10 AM
#35475   Fake trade! ROTFLMFAO ranger_7 03/15/17 06:29:45 PM
#35474   G/M_ARIOQ_!$$$!_STILL_TRADING_1/2 Million at .001_!$$$!_GO_ARIOQ_!$$$!_ Stanner 03/15/17 07:25:43 AM
#35473   CAN YOU PLEASE EXPLAIN FAKE TRADES? tHE sec surfkast 03/14/17 08:17:01 PM
#35471   Most of the trades have likely just been kennypooh 03/14/17 12:01:42 PM
#35470   I wrote this one off long ago. Then ant5 03/14/17 11:53:58 AM
#35469   Good mourning. kennypooh 03/14/17 11:36:12 AM
#35468   Not poking fun at any one here. I ant5 03/14/17 10:46:07 AM
#35467   G/M_{ARIOQ_!$$$!_ Stanner 03/14/17 07:31:25 AM
#35466   I was away for couple week and come ranger_7 03/13/17 06:21:22 PM
#35465   Y'all really have high hopes here ehhh??? caseyryan1986 03/13/17 03:46:36 PM
#35464   Good Morning $ARIOQ primecomm 03/13/17 08:24:38 AM
#35463   G/M_ARIOQ_!$$$!_ Stanner 03/13/17 08:02:54 AM
PostSubject