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AmeriResource Technologies Inc. (ARIOQ)

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Last Post: 4/29/2016 11:11:38 PM - Followers: 249 - Board type: Free - Posts Today: 269

Plan of Reorganization 

http://www.pacermonitor.com/view/BHE47LA/AmeriResource_Technologies_Inc__nibke-15-23617__0027.1.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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ARIOQ
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PostSubject
#16624  Sticky Note $ARIOQ - Reorganization plan APPROVED per 4/28/2016 in Stefa 04/29/16 07:22:31 AM
#16316  Sticky Note IMPORTANT INFORMATION ABOUT $ARIOQ Stefa 04/28/16 12:26:35 PM
#16200  Sticky Note Disclosure Statement in Chapter 11 Bankruptcy ~ Capstar 04/27/16 05:46:32 PM
#15756  Sticky Note #ARIOQ IN A NUTSHELL Stefa 04/26/16 04:41:32 AM
#13555  Sticky Note ARIOQ >>PacerMonitor upate re: 12/22/2015 Hearing Capstar 12/22/15 04:46:43 PM
#16864   GOOD NIGHT FRIENDS AND INVESTORS OF ARIOQ...OUR DAY artmaniac 04/29/16 11:11:38 PM
#16863   $ARIOQ calm before the storm ~~~~ abazaba375 04/29/16 11:08:28 PM
#16862   Just like every stock it's up to how Adam16 04/29/16 08:19:27 PM
#16861   Love it! Time to load 1's and 2's youface12 04/29/16 08:09:21 PM
#16860   Where do you think it could run to spread19 04/29/16 08:07:56 PM
#16859   Hence why there was s bid for a abazaba375 04/29/16 08:07:05 PM
#16858   Only 35% short volume today Mega run coming soon $$$$$$$$$ youface12 04/29/16 08:00:23 PM
#16857   Why did that run so high? Adam16 04/29/16 07:23:05 PM
#16855   I CONCUR SIR ...GO $AIROQ artmaniac 04/29/16 06:54:29 PM
#16854   That post has me spending my profits already!!! T.P.G. INVESTMENTS 04/29/16 06:50:32 PM
#16853   I didn't buy. I always lose. eddyimano 04/29/16 06:19:37 PM
#16852   Not if premarket PR drops along with that ghk 04/29/16 04:53:11 PM
#16851   A very good high volume day... Can't wait Minuteman-MX 04/29/16 04:28:55 PM
#16850   This is awesome! Ground floor entry! Thehustle 04/29/16 04:27:53 PM
#16849   A few more days and 1s will be gone. smogtech19 04/29/16 04:27:29 PM
#16848   Next week will go crazy! Stefa 04/29/16 04:22:31 PM
#16847   Who decides when the Q come s off Updated 04/29/16 04:20:47 PM
#16846   It's just a matter of when the Q Shazbat 04/29/16 04:16:00 PM
#16845   I smell something cooking here. Got some 1s Thehustle 04/29/16 03:51:31 PM
#16844   7m @ .0001 $ARIOQ Mr Clutch 04/29/16 03:48:31 PM
#16843   11M left @ .0001- Let's scoop them up primecomm 04/29/16 03:29:35 PM
#16841   Totally agree... ARIO Minuteman-MX 04/29/16 03:09:02 PM
#16840   Totally agree with that. Hell, I have twice Seaheck 04/29/16 03:07:48 PM
#16839   PH! Let's close strong @ .0002 for next primecomm 04/29/16 03:05:44 PM
#16838   Yup.. Some have .0001's coming out of their Minuteman-MX 04/29/16 03:00:32 PM
#16837   How should people set their ask? pdh53 04/29/16 02:55:58 PM
#16836   Let's scoop these .0001's. Folks are selling @ primecomm 04/29/16 02:55:14 PM
#16835   I'll settle for a 9 bagger, LOL Sonic Boom 04/29/16 02:55:12 PM
#16834   looking forward to next week for sure. stockpicker1 04/29/16 02:54:35 PM
#16833   These are people not wanting to hold over Seaheck 04/29/16 02:52:28 PM
#16832   What are the changes that are pending with mattybum 04/29/16 02:50:37 PM
#16831   already hard to get. My buy order not filling trackkwizzard 04/29/16 02:49:24 PM
#16830   I was wrong 0001s back on ask. stockpicker1 04/29/16 02:49:05 PM
#16829   If someone sells 2's right now they aren't rskram 04/29/16 02:45:23 PM
#16828   0001s going to be hard to get here stockpicker1 04/29/16 02:43:07 PM
#16827   Agreed... Minuteman-MX 04/29/16 02:41:50 PM
#16826   if people at the back end of the tylerfuesy 04/29/16 02:37:51 PM
#16825   Give me some 1ssss pleazzzz Thehustle 04/29/16 02:34:56 PM
#16824   yea i guess im just looking at it tylerfuesy 04/29/16 02:34:55 PM
#16823   All these 2's are people trying for the Seaheck 04/29/16 02:34:24 PM
#16822   bid and ask quantity please... thanks Daytraderboss 04/29/16 02:31:48 PM
#16821   People bought at trip 1 so that's a rskram 04/29/16 02:30:28 PM
#16820   Easy 100% profit on a flip. confuciussay 04/29/16 02:27:50 PM
#16819   Agreed they need to move some off the Davis_Elite 04/29/16 02:26:58 PM
#16818   I'm no expert at all but if its tylerfuesy 04/29/16 02:20:59 PM
#16817   To many on twos to see a breakout Davis_Elite 04/29/16 02:16:12 PM
#16816   get on or get left behind next week. stockpicker1 04/29/16 02:15:30 PM
#16815   Any idea ,why there isn't any trades in nyheat 04/29/16 02:14:33 PM
#16814   Redline doc now uploaded on RECAP redline/amended info Stefa 04/29/16 02:09:33 PM
#16813   Sure got quiet around here. Highly doubt any Adam16 04/29/16 02:08:40 PM
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