AmeriResource Technologies Inc. (fka ARIOQ)

[mattybum]

So what does this all mean? They exchanged the preferred shares for debts owed to them. But does that mean ARIO still owns CGRW? Will we ever see a return from ARIO again??


"As reported in the Disclosure Statement for 2013, Delm
ar Janovec, President of the Company, and Brent
Crouch, a former officer of the Company, acquired Forty-two Million, (42,000,000), shares of
BizAuctions convertible Preferred Se
ries A stock, and Ten Million, (10,000,000), shares of Convertible
Preferred Series D stock from BizA
uctions former parent, AmeriResource Technologies, Inc. Mr. Janovec
and Mr. Crouch exchanged debt that AmeriResource
owed to each of them in the amounts of Two
Hundred Thousand, ($200,000.00), dollars for a total of Four Hundred Thousand, ($400,000.00), for all
of the BizAuction Preferred Series stoc
k owned AmeriResource Technologies, Inc. "

So 42,000,000 at $.20 is worth $8,400,000 not $400,000

Good job Delmar...

and 10,000,000 at $.20 is worth $2,000,000 not $200,000

Good job Crouch...

I'll be amazed if this stays here very long...

Good luck everybody...