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AmeriResource Technologies Inc. (ARIOQ)

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Last Post: 7/29/2016 10:56:27 PM - Followers: 300 - Board type: Free - Posts Today: 0

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
#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
#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
#30249   Same here my friend! IMO news will ranger_7 07/29/16 10:56:27 PM
#30248   Snail Attorney delivery isreal 07/29/16 10:23:47 PM
#30247   ARIOQ STILL NOT HALTED BY FINRA, WHICH IS janice shell 07/29/16 09:35:06 PM
#30246   ARIOQ STILL NOT HALTED BY FINRA, WHICH IS halbroke1 07/29/16 09:02:04 PM
#30245   I tend to agree. Looks like she's still Popeye 07/29/16 07:00:50 PM
#30244   Agreed! Commons stay intact IMO - if ranger_7 07/29/16 06:03:55 PM
#30243   I have to agree here. Can't get any Techguy26 07/29/16 05:03:01 PM
#30242   Since when did the truth someone "feels" become kennypooh 07/29/16 04:32:48 PM
#30241   ARIOQ...STILL HOPE HERE...SMART-BUYERS STILL HOLDING HERE...STILL HOPE FOR CO halbroke1 07/29/16 02:50:43 PM
#30240   the longer it takes for FINRA brings the winnaar123 07/29/16 02:48:07 PM
#30239   Haven't seen anything regarding ARIOQ on Finra yet. Beandog 07/29/16 02:21:32 PM
#30236   "The sky is blue" kennypooh 07/29/16 10:56:31 AM
#30235   The sky is blue abazaba375 07/29/16 09:42:24 AM
#30234   The EMPTY SHELL.... may come alive.. In a Drahcir 07/29/16 09:39:07 AM
#30231   Good Morning ARIOQ primecomm 07/29/16 08:29:12 AM
#30230   G/M_ARIOQ_!$$$!_ Stanner 07/29/16 06:16:44 AM
#30229   Investor2323, you said you were buying more ARIOQ flaflyersfan 07/29/16 12:45:09 AM
#30228   Sorry fellas this is a done deal.. Glad Investor2323 07/29/16 12:22:29 AM
#30226   U don't know what the company is going 1manband 07/28/16 06:42:32 PM
#30225   U don't know what the company is going isreal 07/28/16 06:40:45 PM
#30222   The company doesn't want to pay $3000 to janice shell 07/28/16 04:59:20 PM
#30221   ARIOQ's POR used the same language: "ALL janice shell 07/28/16 04:57:28 PM
#30220   The Sarbanes-Oxley costs excuse is another lie that 1manband 07/28/16 11:40:25 AM
#30219   Oops yes you are right, or at least MasterBlastr 07/28/16 11:25:39 AM
#30218   And even if it was an SEC registrant, 1manband 07/28/16 11:10:51 AM
#30217   so far no official filings (8K) and as 1manband 07/28/16 11:06:46 AM
#30216   ranger7 Can you explain why you do not believe Doc71? james_west_1965 07/28/16 10:36:17 AM
#30214   It is really going to be fun to I-Glow 07/28/16 10:11:01 AM
#30213   Ah - well that settles that. MasterBlastr 07/28/16 09:42:43 AM
#30212   The company doesn't want to pay $3000 to lucky,mydog 07/28/16 09:41:02 AM
#30211   Who duped you into believing that? That's MasterBlastr 07/28/16 09:39:31 AM
#30210   OK that I can agree with, GLTY jet101 07/28/16 09:39:29 AM
#30209   I'm not going to answer any more question ranger_7 07/28/16 09:36:57 AM
#30208   That again is something you choose to believe jet101 07/28/16 09:25:12 AM
#30207   Did the attorney tell you that? If not jet101 07/28/16 09:18:41 AM
#30206   The person posting information about "talking" to the I-Glow 07/28/16 08:52:19 AM
#30205   The company doesn't want to pay $3000 to MasterBlastr 07/28/16 08:50:07 AM
#30204   ARIO hasn't filed any financial information since September I-Glow 07/28/16 08:43:47 AM
#30203   G/M_ARIOQ_!$$$!_ Stanner 07/28/16 07:50:37 AM
#30202   Good Morning ARIOQ primecomm 07/28/16 07:17:45 AM
#30201   everything here only about the POR? so far Iron heart 07/28/16 05:37:08 AM
#30200   Yepp..it would be really funny when this runs Phonz 07/27/16 11:44:40 PM
#30199   Yes my friend, that's a fact! ranger_7 07/27/16 11:33:42 PM
#30198   I wrote the attorney an email and he hurricane123 07/27/16 11:21:04 PM
#30197   Lol ok, I won't argue with you. ranger_7 07/27/16 10:58:02 PM
#30196   No, it is not. janice shell 07/27/16 10:53:56 PM
#30195   Oh yes he did, it's a checked and ranger_7 07/27/16 10:53:18 PM
#30194   Hofmeister didn't say that to anyone. janice shell 07/27/16 10:52:26 PM
#30193   Attorney said he didn't respond to any email ranger_7 07/27/16 10:46:06 PM
#30192   I'm waiting my letter as well :-) Looking Phonz 07/27/16 10:34:20 PM
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