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AmeriResource Technologies Inc. (ARIOQ)

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Last Post: 6/28/2016 11:00:47 AM - Followers: 304 - Board type: Free - Posts Today: 12

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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#24936  Sticky Note ARIOQ ~ Court Ordered Plan & Ballot ~ Capstar 06/18/16 02:29:32 PM
#24787  Sticky Note Very Interesting ARIOQ Conversation Here! $$$ ARIOQ $$$ Papa Bear 06/17/16 09:15:52 AM
#23957  Sticky Note EXCERPTS FROM THE 04-29-16 FILING buythebuy 06/12/16 06:07:57 PM
#23709  Sticky Note Amended 4/29/16 Plan of Reorganization link in ^^iBox^^ Capstar 06/11/16 03:01:45 PM
#22530  Sticky Note Just to tie up a few loose ends… janice shell 06/06/16 04:36:41 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
#26602   Lol! Nice! Beandog 06/28/16 11:04:32 AM
#26601   Yes sir, I did a $5 trade just TONTOYO 06/28/16 11:00:47 AM
#26600   ARIOQ up 9900.00% artmaniac 06/28/16 10:53:22 AM
#26599   WOW, still argue. Who will be luck to konshe 06/28/16 10:11:12 AM
#26598   Wow...what's that about? artmaniac 06/28/16 10:04:01 AM
#26597   Let's place nice multimillionaires in $ARIOQ! penny haven 06/28/16 10:03:16 AM
#26596   Wowza!!! caseyryan1986 06/28/16 10:02:31 AM
#26594   If people FAKE excitement today if .0001 prints, Weird·o 06/28/16 09:16:19 AM
#26593   Morning artmaniac 06/28/16 08:57:14 AM
#26592   Good Morning ARIOQ primecomm 06/28/16 08:15:19 AM
#26591   G/M_ARIOQ_!$$$!_ Stanner 06/28/16 06:25:50 AM
#26589   Ready for power hour! penny haven 06/27/16 09:50:55 PM
#26587   That was just a guppy, who can only MasterBlastr 06/27/16 08:40:37 PM
#26585   0.000001 -0.000099 (-99.00%) surfkast 06/27/16 07:46:31 PM
#26584   I've asked several times... if the commons are waterchaser 06/27/16 07:31:32 PM
#26583   Is that "whales" gobbling up $53 of cheapies? Homebrew 06/27/16 07:23:55 PM
#26582   LOL!! Success at last! Now I janice shell 06/27/16 06:08:24 PM
#26581   Yea I understand so did I jet101 06/27/16 06:01:26 PM
#26580   Yes, but it was 2.5 million at 0.000001. janice shell 06/27/16 05:16:49 PM
#26579   It shows the 505000 going @.0001 and the jet101 06/27/16 05:14:45 PM
#26578   No. $7.55. janice shell 06/27/16 05:06:27 PM
#26577   Somewhere around $52 today, I guess that's a start. jet101 06/27/16 05:02:32 PM
#26576   New price, too! janice shell 06/27/16 05:02:17 PM
#26575   Love the new interest and volume! penny haven 06/27/16 04:59:19 PM
#26573   ARIOQ~In a New Jersey courtroom. Stanner 06/27/16 03:27:23 PM
#26572   nobody can sell lower then .0001… janice shell 06/27/16 01:49:21 PM
#26571   It's far more likely that was just somebody janice shell 06/27/16 01:48:00 PM
#26570   Kathryn C. Ferguson artmaniac 06/27/16 01:45:48 PM
#26569   I thought the judge was a he? janice shell 06/27/16 01:40:58 PM
#26568   Yup, so far today a market sell is sidedraft 06/27/16 01:18:30 PM
#26567   Lol that means nothing abazaba375 06/27/16 12:42:15 PM
#26566   Yea I barely got out at 0.0001 before BoilerRoom 06/27/16 12:39:28 PM
#26565   Yep...the court put off the lowering of the kennypooh 06/27/16 12:35:27 PM
#26564   ouchhh. kclark55 06/27/16 12:27:51 PM
#26563   Yea common shares canceled. BoilerRoom 06/27/16 12:00:10 PM
#26562   IHub shows this now..LOL Homebrew 06/27/16 11:51:15 AM
#26561   Yes this whas a MM trade..nobody can sell winnaar123 06/27/16 11:43:52 AM
#26560   ARIOQ 6 Digits Printing! I-Glow 06/27/16 11:41:10 AM
#26559   so thats what that was...a mm trade artmaniac 06/27/16 11:38:36 AM
#26558   ARIOQ~We have a MM trade today.Timing_?_GO_ARIOQ_!$$$!_ Stanner 06/27/16 11:20:06 AM
#26556   next court date for arioq is July 14th 2016 artmaniac 06/27/16 11:11:01 AM
#26553   Exactly. The BK filings were botched and everything SPORTYNORTY 06/27/16 11:07:27 AM
#26552   yep sink like a rock right into iamnottheone 06/27/16 11:04:36 AM
#26551   no it doesnt...it shows how manipulated ARIOQ is. artmaniac 06/27/16 10:56:17 AM
#26550   hmmm but I heard they were iamnottheone 06/27/16 10:53:54 AM
#26549   .000001 buy? didnt know it could go artmaniac 06/27/16 10:53:53 AM
#26548   If one had 50,000,000 shares of this stuff, sidedraft 06/27/16 10:53:37 AM
#26547   ARIOQ-*original* POR_AND_*amended* POR-no statement that common shares are artmaniac 06/27/16 10:50:17 AM
#26546   the last trade at a bagillion decimal points heyheyhey 06/27/16 10:48:34 AM
#26545   Thinking it's time to buy. Whales are kilch 06/27/16 10:48:11 AM
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