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AmeriResource Technologies Inc. (ARIOQ)

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Last Post: 9/26/2016 6:16:18 PM - Followers: 295 - Board type: Free - Posts Today: 41

Plan of Reorganization 

http://www.pacermonitor.com/view/BHE47LA/AmeriResource_Technologies_Inc__nibke-15-23617__0027.1.pdf 

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.    



=========================================================================================================================================

1 of Many Emails from Bankruptcy Lawyer

Confirming ALL Shares Will Be Canceled


"All shareholder shares will be terminated under the plan"





ARIOQ will cease trading on, or within a few days of, the

final bankruptcy process on June 23, 2016


Postponed to July 14, 2016

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#29295  Sticky Note The audio of the last hearing is www.sidedraught.com/stocks/ARIOQ/07142016- sidedraft 07/19/16 03:48:47 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
#32047   He also said that this is Hofmeister's first ranger_7 09/26/16 06:16:18 PM
#32045   Meant to say, I wish I knew what halbroke1 09/26/16 05:57:03 PM
#32043   james ,,, ARIO COULD BE THE BIGGEST RUNNER halbroke1 09/26/16 05:53:39 PM
#32041   Yes Sir Maximus, I do blieve ur correct!! ARIOQ T.P.G. INVESTMENTS 09/26/16 05:47:01 PM
#32040   Pure $$ land james_west_1965 09/26/16 05:42:49 PM
#32039   $ARIOQ about to go vertical!! I like penny haven 09/26/16 04:32:36 PM
#32038   Yes we don't have any Fractional Shares as Phonz 09/26/16 04:05:41 PM
#32037   ARIO has never issued any fractional shares when I-Glow 09/26/16 04:04:17 PM
#32036   Pay a promoter so you folks can at BoilerRoom 09/26/16 03:59:34 PM
#32035   Yes I agree. $$$$ ARIO Phonz 09/26/16 03:57:32 PM
#32034   No need to promote this ticker, will promote allezlOM 09/26/16 03:45:28 PM
#32032   It said Fractional Shareholders....I'm not hold Fractional Shares. Phonz 09/26/16 03:23:29 PM
#32031   Its Go Time Soon. ARIO Phonz 09/26/16 02:32:05 PM
#32030   What's he waiting for.....Christmas ??? budgetthis 09/26/16 01:52:34 PM
#32029   I am saying all equity interest (common and I-Glow 09/26/16 01:50:38 PM
#32028   Obviously Hofmeister hasn't felt any urgency to file I-Glow 09/26/16 01:39:58 PM
#32027   Correctly if I am wrong ... james_west_1965 09/26/16 01:30:52 PM
#32026   Nothing is going to happen until Hofmeister files I-Glow 09/26/16 01:24:43 PM
#32025   and why would that matter ? He is heyheyhey 09/26/16 01:18:18 PM
#32024   My guess this is Hofmeister's first bankruptcy filing I-Glow 09/26/16 01:16:48 PM
#32023   Level II - a long time in coming james_west_1965 09/26/16 01:16:28 PM
#32022   and why might that be that he hasn't heyheyhey 09/26/16 01:06:18 PM
#32020   not done yet! GO ARIOQ artmaniac 09/26/16 11:49:40 AM
#32018   There wasn't a single objection filed. There wasn't I-Glow 09/26/16 09:40:30 AM
#32017   It is pretty obvious that Hofmeister hasn't filed I-Glow 09/26/16 09:31:06 AM
#32016   A good way of putting it. james_west_1965 09/26/16 08:59:02 AM
#32015   Element of surprise on the way!!! maximus14 09/26/16 08:45:34 AM
#32014   Nothing has changed. james_west_1965 09/26/16 08:25:46 AM
#32013   Good Morning ARIOQ primecomm 09/26/16 08:20:27 AM
#32012   Time to rise and shine with $ARIOQ in penny haven 09/26/16 08:15:25 AM
#32011   ARIO COULD GO FROM .0001 TO .01+ IN halbroke1 09/26/16 07:23:29 AM
#32010   ARIO VERY CLOSE TO EXPLODING...MEGA-NEWS ON CURRENT STATUS halbroke1 09/26/16 07:20:21 AM
#32009   G/M_ARIOQ_!$$$!_ Stanner 09/26/16 06:08:24 AM
#32008   This stock is done BoilerRoom 09/26/16 02:14:10 AM
#32006   Nah I don't want to wake you guys MasterBlastr 09/25/16 10:09:38 PM
#32005   lol abazaba375 09/25/16 09:53:29 PM
#32004   Yessir Floodgates will open when Q falls IMO. ARIO Phonz 09/25/16 08:28:44 AM
#32003   $ARIOQ alive and kicking. penny haven 09/25/16 06:33:37 AM
#32002   Go get em Cap!!!!!! Techguy26 09/24/16 10:38:22 PM
#32001   ARIOQ, Post the IRS code to clarify the isreal 09/24/16 05:10:29 PM
#32000   You are Correct Capstar. Boom Time Soon. ;-) ARIO Phonz 09/24/16 05:06:40 PM
#31999   They did transfer to WMIH - but they MasterBlastr 09/24/16 04:37:08 PM
#31998   Terms are quite clear...NOL's are NON-transferable...NO conditions!... Capstar 09/24/16 04:35:59 PM
#31997   The NOLs are transferable only if the reorganized MasterBlastr 09/24/16 04:28:38 PM
#31996   "We will all be rewarded on $ARIOQ" kennypooh 09/24/16 04:18:42 PM
#31995   Robbins is not extinguishing the Company. He is 1manband 09/24/16 04:16:57 PM
#31994   great post appie 09/24/16 04:16:34 PM
#31993   ARIO carries an approx $5-7M NOL Tax Write-Off...which Capstar 09/24/16 04:12:46 PM
#31991   We will all be rewarded on $ARIOQ penny haven 09/24/16 02:54:04 PM
#31990   For what reason? This stock belongs to MasterBlastr 09/24/16 07:30:39 AM
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