AmeriResource Technologies Inc. (fka ARIOQ)

[janice shell]

Finally!



http://otce.finra.org/DailyList

[Homebrew]

Ummm...Not really.

Let's face it we all have a winner in $ARIOq!

[surfkast]

TURN OUT THE LIGHTS.

[Homebrew]

Well, feel free to Load-da-Boat.

[lucky, mydog]

04/24/2018 11:04:59 Bankruptcy Plan Effective/Shares Cancelled 04/24/2018 11:05:00 ARIOQ AmeriResource Technologies, Inc. Common Stock Other OTC


http://otce.finra.org/DailyList

[jet101]

Have you tried to buy some today?

[Homebrew]

Yup...These penny-scams are Zero-Sum games. For each profit someone else loses.
Music finally stopped on ARIOQ, so at least no new suckers will lose.

[jet101]

Yep...not really sure what the hold up was all about. I guess it did allow some to get rid of some shares but it also cost others who believed the hype.

[ranger_7]

As far as I can tell, it is still trading.

[Homebrew]

ARIOQ WAS trading. No more.

[Homebrew]

About time. FINRA Post Here:

Summary
Date/Time Event Type Eff/Ex Date/Time Symbol Issue Name Market
04/24/2018 11:04:59 Bankruptcy Plan Effective/Shares Cancelled 04/24/2018 11:05:00 ARIOQ AmeriResource Technologies, Inc. Common Stock Other OTC
Details
Previous Value Current Value
Symbol ARIOQ
Issue Name AmeriResource Technologies, Inc. Common Stock
Class
Financial Status Indicator Q
Market Category Other OTC
Current Value
Daily List Date/Time 04/24/2018 11:04:59
Event Type Bankruptcy Plan Effective/Shares Cancelled
Effective/Ex Date/Time 04/24/2018 11:05:00
Symbol ARIOQ
Issue Name AmeriResource Technologies, Inc. Common Stock

[1manband]

Nope, it wasn't a difficult concept to understand. ARIOQ common shares were cancelled a long time ago, and now the ticker is being cancelled, too.

No more trading.

[1manband]

And so it ends. ARIOQ is dead.

The common shares were cancelled a long time ago pursuant to the Bankruptcy Plan. It just took them a really, really, REALLY long time to getting around to telling FINRA about it.

But it is finally over and no more newbies will be buying these worthless shares.

[gumzsa]

shares cancelled


http://otce.finra.org/DailyList

[penny haven]

Nice trading volume today

[MasterBlastr]

But can those out there in Zombieland really trade it. Oh it might 'trade' but what good is that. Fork over cash and get stuck. Snort . . . trading.

[jet101]

Correct AmeriResource is still a viable company and that is what the NV filing is for. The company is now private and not trading any shares.

ARIOQ is just 5 letters hanging out in no mans land.........trade those letters if you want to but realize there is no longer any company behind them.

[MasterBlastr]

Face it - the man knows bankruptcy law, not some sheep that followed their penny pumping master off a cliff. Big difference.

[penny haven]

Let's face it we all have a winner in $ARIOq!

[1manband]

The filing was NOT for ARIOQ. They no longer own any of AmeriResource the operating company. It was filed by the new owners.

Again, not a difficult concept to understand. ARIOQ lost its entire ownership in AmeriResource in the bankruptcy.

ARIOQ owns nothing. And its common shares have been cancelled. The common stock is worthless.

[ranger_7]

It’s not a difficult concept to understand but you still don’t! Interesting. ARIOQ is still trading and the filing was for ARIOQ! Pay attention!

[MasterBlastr]

And look what that got you . . . 2 years of bagholding.

[penny haven]

Sounds like a screaming buy to me!!!!

[1manband]

sure it still exists....there is a recent filing on the Nevada SOS

No, that Nevada SOS filing is for the NEW OWNERS. It has nothing to do with ARIOQ.

This is not a difficult concept to understand. AmeriResource Technologies, the operating company, was turned over to the company's secured debtor under the Bankruptcy Plan, which was confirmed by the Federal Court.

ARIOQ no longer owns any interest in AmeriResource Technologies. And once the Plan of Reorganization was approved, ARIOQ common shares were cancelled.

[artmaniac]

sure it still exists....there is a recent filing on the Nevada SOS

[Homebrew]

Nothing to warm up. Company no longer exists.

[penny haven]

Not quite just getting warmed up!

[Homebrew]

Zombie ticker finally getting yanked ?

[penny haven]

This week will surprise many! $ARIOq

[MasterBlastr]

Did it make a difference? Still getting shut down, which is NOT a lie. It WILL happen.

[ranger_7]

Like I said, it’s been 2 years since this was supposed to get halted and removed. We all know that was a lie.

[MasterBlastr]

Yeah rrright 2 years of 'trading' and you guys can't get it past .0001 - thats pathetic. Might as well not have traded, made no difference. Want 2 more years of that?

[ranger_7]

You said that 2 years ago and it’s still trading.

[Homebrew]

Nothing great about it. Bankrupt, dissolved company no longer exists. Just a dead, dormant ticker that a few accounts are stuck with.

[rudyboy]

I don’t see whats so great is about this q-pos....

[MasterBlastr]

I was going to say this is headed down the stool, but its not. Its already there.

[penny haven]

Still trading and looking great! $ARIOQ

[surfkast]

Defunct Company, Stock Continues to Trade


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

Information on bankruptcy is available here. Other issues that might arise with defunct companies include the following:

Trading stocks v. publishing quotations in stocks. Rule 15c2-11 of the Securities Exchange Act of 1934 prohibits broker-dealers from publishing a quotation for a security (an offer to buy or sell) unless they have reviewed certain information about the company. The rule regulates when broker-dealers may publish a quotation in, the Over-the-Counter Bulletin Board, the Pink Sheets or other quotation mediums, but does not, address when a stock can be traded between two broker-dealers. As a result, there may be trading in a stock even though the company is no longer in business and quotations in the stock are not actively published.

An exception to the rule permits a broker-dealer to publish quotations for a stock without reviewing information about the company if there are regular and continuous quotations published for a specified period of time by broker-dealers that did have the appropriate information. Although a company has become defunct, its stock may still be quoted under this "piggy-back" exception. In addition, if a company becomes defunct after quotations in the stock are published for the specified time period, the broker-dealer is not obligated to acquire current information on the company.

The SEC may invoke a trading suspension. In some cases, the SEC or an exchange may halt trading in the stock of a defunct company if the stock price appears to be manipulated or if it believes that public information about the issuer is false or misleading. When the trading suspension ends, a broker-dealer wishing to publish quotations must comply with Rule 15c2-11, which may be impossible to do in the case of a defunct company.

The SEC may revoke the registration of stocks. In some circumstances, the SEC may revoke the registration of a defunct company's stock. Section 12(j) of the Exchange Act authorizes the SEC to revoke the registration of a security if the issuer fails to comply with the federal securities laws. Broker-dealers may not execute any trades in stocks whose registration has been revoked pursuant to Section 12(j).

A defunct company may not have a transfer agent. In some situations, the defunct company does not have a transfer agent. Although the federal securities laws do not require a company to have a transfer agent, if a company does not have a transfer agent, investors are unable to receive or transfer their stock certificates. Sometimes the SEC has considered a company's lack of a transfer agent as a factor in determining whether to revoke the registration of stock pursuant to Section 12(j) for the protection of investors.

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

[MasterBlastr]

Right a watched pot never boils over, etc.

[MasterBlastr]

Zombies CAN look alive, with a little make-up. This obviously doesn't have any.

[ranger_7]

Exactly right! ARIOQ not deal, very much alive actually.

[surfkast]

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139835638

[maximus14]

You are not kidding!!! It’s alive!!!

[maximus14]

Why?

[MasterBlastr]

Probably even a trained monkey can do it.

[MasterBlastr]

So some bubblegum smacking clerk at the SEC can rubber stamp the revocation papers. Thats pretty cool . . .

[MasterBlastr]

2 years watching paint peel . . . but I am here too watching you guys. A little more interesting then watching paint peel, but not by much.

[ranger_7]

All good here, still trading and still being watched by some constantly - two things that do not happen on dead stocks.

[MasterBlastr]

What a rotting corpse behind the door? Pretty soon even the maggots will be dead too.

[ranger_7]

No plug got pulled close to two years now so I doubt it will. Something is happening here behind close door! Weeeeeee