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AmeriResource Technologies Inc. (ARIOQ)

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Last Post: 1/23/2017 9:36:55 PM - Followers: 282 - Board type: Free - Posts Today: 79

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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#34342  Sticky Note $ARIOQ I would like to give a shout penny haven 01/21/17 02:41:26 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
#34514   So ondont get it, will the q Budd0413 01/23/17 09:36:55 PM
#34513   Me too. $$$$$$ :-) People are loading up Phonz 01/23/17 09:32:51 PM
#34512   Let's goo!!!! I'm ready, been waiting long enough! ranger_7 01/23/17 09:19:03 PM
#34511   Yes we are just getting started..I feel sorry Phonz 01/23/17 08:19:54 PM
#34508   Plug could get pulled anytime, as everyone got MasterBlastr 01/23/17 07:51:23 PM
#34507   Yes..I would move out the way ;-) She Phonz 01/23/17 07:20:12 PM
#34506   Lots of posts here last few days! ranger_7 01/23/17 06:39:31 PM
#34505   Yepp..I'd everybody jump in we all make money. ARIOQ Phonz 01/23/17 06:17:18 PM
#34504   It's gonna be ARIO Marathon here shortly with maximus14 01/23/17 06:00:04 PM
#34503   A new day and we are just getting started! penny haven 01/23/17 05:50:53 PM
#34502   Everything is running right now, Why not ARIOQ?? T.P.G. INVESTMENTS 01/23/17 04:50:59 PM
#34501   This will be just like MDC# today ;-) Phonz 01/23/17 04:14:14 PM
#34500   Wow...there are a lot of eyes on this. Phonz 01/23/17 04:11:13 PM
#34499   Yes...I agree. It really could. That would be Phonz 01/23/17 04:09:19 PM
#34498   It definitely looks like it. I can't wait. $$$$$$ ARIO Phonz 01/23/17 04:08:39 PM
#34497   ARIOq #15 on breakout boards! Iron heart 01/23/17 03:57:32 PM
#34496   9.6..... nice BuildingCoin1 01/23/17 03:54:20 PM
#34495   Cautiously Optimistic... ARIO$$$$ BuildingCoin1 01/23/17 03:49:00 PM
#34494   This could move like [email protected] did when the moneybagsclay 01/23/17 03:46:34 PM
#34493   Another ask slap $ARIOQ SOMETHING HUGE MUST BE COMING moneybagsclay 01/23/17 03:44:53 PM
#34492   MM's hiding in the bid! Watch and penny haven 01/23/17 03:42:52 PM
#34491   Huge hits! $ARIOQ to the rescue penny haven 01/23/17 03:41:28 PM
#34490   Whoa that would be very amazing ;-) We Phonz 01/23/17 03:37:11 PM
#34489   I like the excitement here!! Total lotto and Popeye 01/23/17 03:30:31 PM
#34488   may be....could sell the share and make a killing! VEGASREAL8TOR 01/23/17 03:28:32 PM
#34487   Maybe a cannabis company gonna do a reverse merger. Boot Hill 01/23/17 03:27:29 PM
#34486   22 million here... maximus14 01/23/17 03:25:21 PM
#34485   21 milllion here <---------------- KABOOM VEGASREAL8TOR 01/23/17 03:22:26 PM
#34484   Bam bam bam boys moving higher! $ARIOQ penny haven 01/23/17 03:17:51 PM
#34483   I wouldnt want to be caught without shares. $$$$ ARIO Phonz 01/23/17 03:16:38 PM
#34482   Me too...kaboomage is getting ready to happen. ARIO Phonz 01/23/17 03:16:01 PM
#34481   What was the clue over the weekend I spread19 01/23/17 03:05:34 PM
#34480   Let the slapping start... maximus14 01/23/17 02:45:30 PM
#34479   I have front row seats... maximus14 01/23/17 02:44:45 PM
#34478   We`re @ the dawn of a great move...Are allezlOM 01/23/17 02:39:58 PM
#34477   I sure am...I always thought it would be maximus14 01/23/17 02:39:28 PM
#34476   I think we will all be glad we moneybagsclay 01/23/17 02:38:03 PM
#34475   Yeah I would be pulling my sell orders moneybagsclay 01/23/17 02:36:15 PM
#34474   Hahaha, you are right!!! We are gonna make maximus14 01/23/17 02:35:52 PM
#34473   And my guess is that confidence is growing. ghk 01/23/17 02:34:30 PM
#34472   If RM news hits this will fly ARIOQ moneybagsclay 01/23/17 02:31:41 PM
#34471   Yeah maybe someone knows something let's see if moneybagsclay 01/23/17 02:30:21 PM
#34470   I've been quiet lately, But this has got Techguy26 01/23/17 02:28:59 PM
#34469   Q ABOUT TO COME OFF?? LET'S HOPE SO $ARIOQ moneybagsclay 01/23/17 02:28:53 PM
#34468   Wow more volume someone is loading maybe something moneybagsclay 01/23/17 02:26:05 PM
#34467   Entirely possible BuildingCoin1 01/23/17 02:15:35 PM
#34466   ARIOQ WILL EXPLODE GET READY $$$$$ halbroke1 01/23/17 02:15:07 PM
#34465   Good, rather great news. So it is your Saremi777 01/23/17 02:14:00 PM
#34464   Reverse merge entity into shell.... BuildingCoin1 01/23/17 02:12:49 PM
#34462   What RM ratio, 1000 to 1? 100 to Saremi777 01/23/17 02:09:29 PM
PostSubject