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AmeriResource Technologies Inc. (ARIOQ)

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Last Post: 8/25/2016 10:15:08 AM - Followers: 297 - Board type: Free - Posts Today: 7

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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#30256  Sticky Note Stanner - catch the wording james_west_1965 07/30/16 12:38:30 PM
#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
#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
#31185   Reverge Merger or Buy out possible! News will winnaar123 08/25/16 10:15:08 AM
#31184   YES INDEED - nice 911 Trade for ARIOQ artmaniac 08/25/16 09:57:23 AM
#31183   G/M_ARIOQ_!$$$!_Still trading_!$$$!_ Stanner 08/25/16 09:29:27 AM
#31182   Good Morning ARIOQ primecomm 08/25/16 09:18:12 AM
#31181   James I understand what you're saying but the jet101 08/25/16 08:42:30 AM
#31180   Once again, Hofmeister stated in the POR that I-Glow 08/25/16 08:03:45 AM
#31179   Yes, I have mentioned this before ... james_west_1965 08/25/16 07:26:37 AM
#31178   He gave the shareholders just what they deserved. MasterBlastr 08/24/16 10:37:20 PM
#31177   These penny stock crooks serve themselves first. They kura 08/24/16 10:10:43 PM
#31171   Do we know if Robins wanted to serve jet101 08/24/16 08:30:03 PM
#31170   James I read it differently, I see it jet101 08/24/16 08:25:55 PM
#31169   lol. and what would that stock symbol be lucky,mydog 08/24/16 08:18:54 PM
#31168   It is really ridiculous james_west_1965 08/24/16 06:03:18 PM
#31167   Could be but maybe not james_west_1965 08/24/16 06:00:20 PM
#31166   Exactly actually back in the 80's and before BoilerRoom 08/24/16 05:05:16 PM
#31165   I'll agree with you about what Hofmeister has sidedraft 08/24/16 05:03:56 PM
#31164   That is not what it says: sidedraft 08/24/16 05:01:30 PM
#31163   Once again, it is confusing james_west_1965 08/24/16 04:30:23 PM
#31162   I think it was a typo, it should sidedraft 08/24/16 03:58:37 PM
#31161   MM signals are a fable that was debunked waterchaser 08/24/16 03:50:05 PM
#31160   911 trade, news around the corner?? winnaar123 08/24/16 03:27:38 PM
#31159   A reverse merger or buyout of a other winnaar123 08/24/16 03:07:39 PM
#31158   This is true as of today, but after sidedraft 08/24/16 01:25:35 PM
#31157   Artmaniac According to the Order, yes, all shares will james_west_1965 08/24/16 11:21:45 AM
#31156   That conflicts with court Order james_west_1965 08/24/16 10:53:12 AM
#31155   ARIOQ shareholders don't own any part of Payroll I-Glow 08/24/16 10:52:33 AM
#31154   really? Where you getting this from? Some here heyheyhey 08/24/16 10:28:16 AM
#31153   ARIOQ shares get cancelled, one person gets all MasterBlastr 08/24/16 10:01:10 AM
#31152   Yes it is. ;-) Phonz 08/24/16 09:55:18 AM
#31151   absolutely...ARIOQ is here to stay as Payroll Services now! artmaniac 08/24/16 09:29:47 AM
#31150   G/M_ARIOQ_!$$$!_ Stanner 08/24/16 09:20:08 AM
#31149   Good Morning ARIOQ primecomm 08/24/16 09:04:15 AM
#31148   Today is a new day for ARIO penny haven 08/24/16 07:58:24 AM
#31147   The judge might say well just in case MasterBlastr 08/23/16 09:41:06 PM
#31146   ARIOQ~The common share count was jammed 'to the Stanner 08/23/16 09:20:21 PM
#31145   ARIOQ~unchartered waters as well. The Judge is in Stanner 08/23/16 08:59:56 PM
#31144   Not true. For some they are just sidedraft 08/23/16 07:54:05 PM
#31143   You are kidding , right? heyheyhey 08/23/16 07:07:58 PM
#31141   Check the posting history and the volume each I-Glow 08/23/16 06:51:31 PM
#31140   When did he dump? There hasn't been any volume? T.P.G. INVESTMENTS 08/23/16 06:38:07 PM
#31138   It's called watch for the boom whales are approach abazaba375 08/23/16 05:19:09 PM
#31135   There's the guppy!! 3 days in row MasterBlastr 08/23/16 03:29:52 PM
#31134   I am much to smart to invest in I-Glow 08/23/16 03:19:30 PM
#31131   ARIOQ $$$$$$ EXPLOSION...COULD BE DAYS AWAY...HOPE NO-0NE IS halbroke1 08/23/16 02:35:00 PM
#31130   It is 100% guaranteed that the ARIOQ equity I-Glow 08/23/16 02:31:52 PM
#31129   LMAO!!! Now that is pretty funny: It it I-Glow 08/23/16 02:28:44 PM
#31128   ARIOQ LOL What happened menelli 08/23/16 02:26:45 PM
#31127   No one ever stated that ARIOQ would be I-Glow 08/23/16 02:23:07 PM
#31126   Caution I said "if" AmeriResource becomes profitable. And james_west_1965 08/23/16 02:22:12 PM
#31125   Dollars? Let's not get ahead of ourselves the spread19 08/23/16 02:10:39 PM
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