AmeriResource Technologies Inc. (fka ARIOQ)

[james_west_1965]

This answers the big question - Why is ARIOQ still trading?

From SEC.gov, here is their reply,

"Even when a company is no longer in business, there may still be active trading in its stock. This is because companies that are no longer operating may still have outstanding registered stock, which can be traded until the company has the shares deregistered or the stock's registration is revoked. The SEC does not have a rule that prohibits the trading of stock once a company becomes defunct because it does not want to forbid transactions between willing buyers and sellers, including those holding shares in defunct companies"

It's quite simple, if traders want to buy and sell shares of a defunct company, then the SEC says "Have at it. We don't care." If anyone questions that, look at ARIOQ. It is living proof and is staring those who deny it right in the face. The stock, bankrupt and shares that were supposed to be canceled, is still trading. And people are making money. The SEC's response is, "Go ahead!"

https://www.sec.gov/fast-answers/answersdfnctcohtm.html

James