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AmeriResource Technologies Inc. (ARIOQ)

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Last Post: 2/17/2017 6:12:30 PM - Followers: 280 - Board type: Free - Posts Today: 0

Plan of Reorganization 


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.    



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ARIOQ
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PostSubject
#35083  Sticky Note I have not seen any definitive official document ranger_7 02/16/17 02:52:09 PM
#34894  Sticky Note http://thehill.com/policy/technology/318438-deregulation-supporter-named-head-of usgirls 02/09/17 08:05:53 AM
#34572  Sticky Note What I KNOW is the ARIOQ shares are worthless. 1manband 01/24/17 03:58:32 PM
#32169  Sticky Note SHARES WILL BE CANCELLED THE CASE IS CLOSED! surfkast 09/30/16 04:09:23 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
#35144   Still trading and still on breakout board - ranger_7 02/17/17 06:12:30 PM
#35142   If by some chance they could, all present surfkast 02/17/17 04:18:56 PM
#35141   ARIO wild never let the Q..... Drop! AllSeeingEyeDog 02/17/17 03:27:36 PM
#35140   ARIOQ~STILL TRADING_!$$$!_GO_ARIOQ_!$$$!_ Stanner 02/17/17 01:40:04 PM
#35139   Ameriresource is a private company - on 02/08/2017 I-Glow 02/17/17 09:22:40 AM
#35138   SOME INVESTORS JUST LIKE: surfkast 02/17/17 08:38:49 AM
#35136   It is interesting to see how the traders MasterBlastr 02/17/17 07:46:20 AM
#35135   Good Morning ARIOQ primecomm 02/17/17 06:47:39 AM
#35134   ARIOQ~CEO DOESN'T THINK_ARIOQ_IS WORTHLESS_!$$$!_NevadaSOS UPDATED_!$$$!_ Stanner 02/17/17 05:12:35 AM
#35132   This will be worthless many years to come. BoilerRoom 02/17/17 02:48:28 AM
#35131   weeeeeeee it is still worthless ;-) Nitwit 02/17/17 02:23:29 AM
#35130   ARIOQ~*STILL ALIVE*~NEVADASOS------> Actions\Amendments Stanner 02/17/17 12:29:19 AM
#35129   Yes sir, waiting patiently. ranger_7 02/16/17 11:44:07 PM
#35128   I'm there too :) tomorrow will be a abazaba375 02/16/17 11:08:47 PM
#35127   The slow gobbling of .0001 tells me there's abazaba375 02/16/17 11:08:08 PM
#35126   Please show something to back that up...... jet101 02/16/17 10:11:21 PM
#35125   Not to mention ARIOQ is on the break ranger_7 02/16/17 09:14:08 PM
#35124   We got volume and over 60 posts today! ranger_7 02/16/17 09:12:56 PM
#35123   ARIOQ is still alive - no matter how ranger_7 02/16/17 09:08:51 PM
#35121   'Supp Nit! See you on the other board...lok BuildingCoin1 02/16/17 08:53:17 PM
#35120   The common stock IS gone. Cancelled. And no, 1manband 02/16/17 08:51:26 PM
#35119   Still ARIOQ with 500,000 volume today... lol Nitwit 02/16/17 08:50:17 PM
#35118   Peace out - MasterBlastr 02/16/17 08:41:16 PM
#35117   Night MB... peace bros! BuildingCoin1 02/16/17 08:39:54 PM
#35116   (sigh) these guys kill me MasterBlastr 02/16/17 08:31:26 PM
#35115   Little baby pieces....hahahahaha... BuildingCoin1 02/16/17 08:29:26 PM
#35114   LOL yep might even be the filter. MasterBlastr 02/16/17 08:24:03 PM
#35113   Boring expected response..apples to apples or shut the BuildingCoin1 02/16/17 08:23:41 PM
#35112   Guppy is swimming in hof's paralegal's new fish BuildingCoin1 02/16/17 08:22:17 PM
#35111   http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57101068 surfkast 02/16/17 08:17:59 PM
#35110   He's gotta have a boatload of shares by MasterBlastr 02/16/17 08:17:56 PM
#35109   Whats up Master! Guppy stuff is funny... BuildingCoin1 02/16/17 08:10:03 PM
#35108   They guppy didn't show up today :( that MasterBlastr 02/16/17 08:07:22 PM
#35107   wow...one day snap shot..apples to apples or don't BuildingCoin1 02/16/17 07:53:19 PM
#35106   Agree 100% Ranger T.P.G. INVESTMENTS 02/16/17 07:17:18 PM
#35105   OFFICIAL FINRA SHORT REPORT. surfkast 02/16/17 07:15:00 PM
#35104   31,206,974 shorts sales as of jan 31, 2017 VEGASREAL8TOR 02/16/17 07:00:23 PM
#35103   VEGASREAL8TOR 02/16/17 06:55:00 PM
#35102   Excellent post vegas! BuildingCoin1 02/16/17 06:35:54 PM
#35101   Absolutely! ghk 02/16/17 06:22:36 PM
#35100   What? ranger_7 02/16/17 06:22:34 PM
#35099   Authorized to... yet....nothing.... not a thing BuildingCoin1 02/16/17 06:21:53 PM
#35098   Remember one thing bro - until the watchdogs ranger_7 02/16/17 06:20:27 PM
#35097   Allowed to leave the house.... won't open the door BuildingCoin1 02/16/17 06:19:38 PM
#35096   And short them... hmmm ghk 02/16/17 06:19:08 PM
#35095   Do you? ranger_7 02/16/17 06:18:49 PM
#35094   You failed to continuously include anything that shows ranger_7 02/16/17 06:15:44 PM
#35093   Says someone who also stated shares are gone ranger_7 02/16/17 06:11:54 PM
#35090   You failed to include anything that shows ARIOQ I-Glow 02/16/17 05:44:44 PM
#35089   LOLOL! How do you short a 0.0001 stock I-Glow 02/16/17 05:38:58 PM
PostSubject