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AmeriResource Technologies Inc. (ARIOQ)

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Last Post: 5/25/2016 4:02:34 PM - Followers: 250 - Board type: Free - Posts Today: 54

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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PostSubject
#18566  Sticky Note Nevada SOS.gov...ARIOQ Entity Details & Events Capstar 05/16/16 11:52:55 PM
#17704  Sticky Note New filing up tonite: Markss40 05/03/16 10:22:05 PM
#16624  Sticky Note $ARIOQ - Reorganization plan APPROVED per 4/28/2016 in Stefa 04/29/16 07:22:31 AM
#13555  Sticky Note ARIOQ >>PacerMonitor upate re: 12/22/2015 Hearing Capstar 12/22/15 04:46:43 PM
#18782   That would make it worth showing up for. MasterBlastr 05/25/16 04:02:34 PM
#18781   Besides master I like the girl in the jet101 05/25/16 03:57:50 PM
#18780   Yes, I got a notice from my pg&e kura 05/25/16 03:54:32 PM
#18779   Oh yes but there are little tid bits jet101 05/25/16 03:53:38 PM
#18778   I know - but look at what you MasterBlastr 05/25/16 03:45:19 PM
#18777   You must have me confused with someone else jet101 05/25/16 03:43:21 PM
#18776   I think you guys ran out of fools MasterBlastr 05/25/16 03:38:44 PM
#18775   That's fine we all need a little bait jet101 05/25/16 03:37:41 PM
#18774   LOL you are going to get crickets from MasterBlastr 05/25/16 03:34:39 PM
#18773   Just as I thought..........................what I can say though jet101 05/25/16 03:22:44 PM
#18772   pretty easy :) go $ARIOOOOOo abazaba375 05/25/16 03:16:27 PM
#18771   If so would you mind sharing with the jet101 05/25/16 03:15:56 PM
#18770   Yes, it helps a lot -- gives meaning pdh53 05/25/16 03:06:54 PM
#18769   I know maximus14 05/25/16 03:05:13 PM
#18768   Boom soon:) 714 05/25/16 02:50:36 PM
#18767   $ARIOQ # 8 on the breakout boards ! abazaba375 05/25/16 02:35:54 PM
#18766   Because it is a Q play that by jet101 05/25/16 02:33:03 PM
#18765   Has anyone gotten a notice in mail? spread19 05/25/16 02:14:40 PM
#18764   about 87.5 now jet101 05/25/16 02:04:26 PM
#18763   how many left ? abazaba375 05/25/16 01:59:16 PM
#18762   hey papa bear been scooing a few shares abazaba375 05/25/16 01:01:37 PM
#18761   im of he opinon either can happen and abazaba375 05/25/16 12:58:18 PM
#18760   $ARIOQ June is approaching how many left at abazaba375 05/25/16 12:57:17 PM
#18759   Have you had any luck contacting the lawyer? spread19 05/25/16 12:18:59 PM
#18758   Why does it have potential of blockbuster play? pdh53 05/25/16 12:14:24 PM
#18757   This Has the Potential of a BLOCKBUSTER PLAY. TIWARIG 05/25/16 11:40:43 AM
#18756   ARIOQ, getting closer. Only 86 milly at .0001 caseyryan1986 05/25/16 11:16:40 AM
#18755   You can email the attorney that is handling jet101 05/25/16 10:59:05 AM
#18754   One of my recent posts has a link Papa Bear 05/25/16 10:56:35 AM
#18753   One of my recent posts has a link Papa Bear 05/25/16 10:38:01 AM
#18752   Will any of you recent posters share your pdh53 05/25/16 10:22:56 AM
#18751   If they cancel commons that sux. If they rskram 05/25/16 10:18:46 AM
#18750   If the new mgmt plays smart, this could kura 05/25/16 10:18:23 AM
#18749   She is primed and ready maximus14 05/25/16 10:12:33 AM
#18748   Possible life changer here! :) 714 05/25/16 09:52:54 AM
#18747   Story of my life bro. ghk 05/25/16 09:52:06 AM
#18746   Sure is!! If only I had more money!! LOL 714 05/25/16 09:49:45 AM
#18745   Looking Good! $ARIOQ Red Lion 05/25/16 09:45:23 AM
#18744   We about to RUN!!! 714 05/25/16 09:38:29 AM
#18743   ASK DROPPED!!!!!! 74 million!!!! 714 05/25/16 09:38:04 AM
#18742   Care to give the lawyers names and contact information? artmaniac 05/25/16 09:19:49 AM
#18741   Nope not when you have lawyers as friends. Investor2323 05/25/16 09:05:06 AM
#18740   Did you have to pay them? maximus14 05/25/16 09:01:52 AM
#18739   No need I contacted a few different lawyers Investor2323 05/25/16 08:36:55 AM
#18738   I smell a run before News Drops!$!$ Ario TIWARIG 05/25/16 07:57:19 AM
#18737   25+ million strong!!! 714 05/25/16 07:56:03 AM
#18736   What's the story here? trader_ron 05/25/16 07:28:44 AM
#18735   Good Morning ARIOQ primecomm 05/25/16 07:05:48 AM
#18734   Explosive news! penny haven 05/25/16 06:22:18 AM
#18733   ARIOQ May 24 Motion to Expunge GRANTED! Papa Bear 05/25/16 01:44:34 AM
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