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AmeriResource Technologies Inc. (ARIOQ)

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Last Post: 9/30/2016 12:10:04 AM - Followers: 294 - Board type: Free - Posts Today: 1

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
#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
#32139   ARIOQ~Thanks sidedraft.Docs' seem tobe straight-foward_Oct.16th_ Stanner 09/30/16 12:10:04 AM
#32138   www.sidedraught.com/stocks/ARIOQ/gov.uscourts.njb.943384.73.0.pdf [tag sidedraft 09/29/16 11:12:00 PM
#32137   ARIOQ~sidedraft,can you provide Docs'73,74 Stanner 09/29/16 10:36:56 PM
#32136   SHIVA, not dead by any means.. isreal 09/29/16 10:20:41 PM
#32135   and still stuck... Weird·o 09/29/16 08:08:10 PM
#32134   Just people stuck that want to get out... Weird·o 09/29/16 08:03:25 PM
#32133   Watch and learn folks watch and learn! penny haven 09/29/16 06:29:59 PM
#32131   Nobody buying this clap... just a matter of heyheyhey 09/29/16 06:02:21 PM
#32130   No not dead yet, still able to trade!! T.P.G. INVESTMENTS 09/29/16 06:01:06 PM
#32129   What kind of a whale sits Shiva? sidedraft 09/29/16 05:39:38 PM
#32128   I saw something moving in the ocean today. kura 09/29/16 05:27:05 PM
#32127   Calling all whales penny haven 09/29/16 04:33:05 PM
#32126   Yes you can, remember you can always sell jet101 09/29/16 04:13:58 PM
#32122   Shareholders don't have any other option but to I-Glow 09/29/16 09:34:01 AM
#32121   Seams pointless at this point abazaba375 09/29/16 09:29:52 AM
#32120   If you read the court documents it is I-Glow 09/29/16 09:26:43 AM
#32119   Good Morning ARIOQ primecomm 09/29/16 07:12:30 AM
#32118   G/M_ARIOQ_!$$$!_NVSOS still at 1 billion Authorized_&_ARIOQ_is still trading_ Stanner 09/29/16 06:31:16 AM
#32117   Artmaniac will stay the course artmaniac 09/29/16 12:33:52 AM
#32116   You waste $100 out of your account never MasterBlastr 09/28/16 10:58:05 PM
#32115   That is true no one knows what will moneybagsclay 09/28/16 08:49:52 PM
#32114   Saying commons will be cancelled has no different ranger_7 09/28/16 08:39:11 PM
#32113   Go ARIOQ penny haven 09/28/16 04:47:51 PM
#32112   It will happen don't worry BoilerRoom 09/28/16 01:16:08 PM
#32111   I agreed and agreed but why hasn't it spread19 09/28/16 01:14:33 PM
#32110   And the most important point you always fail I-Glow 09/28/16 12:36:27 PM
#32108   Good Morning ARIOQ primecomm 09/28/16 07:24:12 AM
#32107   Stanner. .Give us some Positive DD..Not just GM halbroke1 09/28/16 07:19:29 AM
#32106   G/M_ARIOQ_!$$$!_ Stanner 09/28/16 06:57:13 AM
#32103   Your last update was the last update - MasterBlastr 09/27/16 06:52:08 PM
#32102   Agreed... we shall see..hmmmmmm BuildingCoin1 09/27/16 06:49:40 PM
#32101   Casey - it's all good james_west_1965 09/27/16 06:45:43 PM
#32100   Action Jackson in $ARIOQ! penny haven 09/27/16 06:42:56 PM
#32099   What the hell is going on? We need caseyryan1986 09/27/16 06:26:08 PM
#32098   SIRG did it rode to .01 and .0018 abazaba375 09/27/16 06:20:40 PM
#32097   August 12, 2016. 47 days ago and BuildingCoin1 09/27/16 05:22:33 PM
#32096   76 days since July 14th hearing... choose your BuildingCoin1 09/27/16 05:12:52 PM
#32095   Commons will be cancelled. Simple BoilerRoom 09/27/16 05:12:50 PM
#32094   Can you provide Botched Filing Update - since I-Glow 09/27/16 04:57:32 PM
#32093   And yet all of the anxiety produced zero I-Glow 09/27/16 04:54:15 PM
#32092   Traders are anxious to get out at 0.0001. BoilerRoom 09/27/16 04:15:27 PM
#32091   Yea over 190 million on the ask now jet101 09/27/16 04:01:42 PM
#32090   .01.... not anxious at all BuildingCoin1 09/27/16 03:07:48 PM
#32089   Traders getting a little anxious from Level II james_west_1965 09/27/16 02:53:13 PM
#32088   It is clear FINRA hasn't received any information I-Glow 09/27/16 02:49:42 PM
#32087   Looks to me like a runner lineup... maximus14 09/27/16 09:33:54 AM
#32086   Strange l2 lineup again today heyheyhey 09/27/16 09:22:59 AM
#32085   ORDER CLOSING CASE Related [+]. Service of notice surfkast 09/27/16 09:16:22 AM
#32084   Yes but we do know why the case jet101 09/27/16 09:11:17 AM
#32083   I do too bro. $0.01-0.05 in a week Phonz 09/27/16 09:08:26 AM
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