ARIOQ Payroll will acquire 100% ownership of shares by this statement,
Payroll Funding Co. will be the plan sponsor and will put up $25,000.00 in new capital
contribution and reduce the principal balance by $30,243.48 and interest rate on its secured note from
12% to 6% in return for 100% of shares of stock of the Debtor.
This is a bold statement that the commmon shares will remain intact. If ARIOQ shares became worthless July 14, how then could Payroll Funding Co. have complete ownership of shares? Impossible! Payroll is paying heavily to get that ownership, like $25,000 plus lowering interest rate from 12% to 6%.
You have no case, from this, that common shares are extinguished. If so, Payroll would get the royal shaft, financially. And that aint going to happen.
