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AmeriResource Technologies Inc. (ARIOQ)

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Last Post: 2/21/2018 6:23:37 PM - Followers: 265 - Board type: Free - Posts Today: 7

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 

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ARIOQ ~ Docket Posts # 70  to 76 ~
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130100654

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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=====
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Business entities under registered agent "ERVEN T. NELSON"
* AMERIRESOURCE TECHNOLOGIES, INC.
* HARVESTER FUNDING, LLC
* PAYROLL FUNDING COMPANY LLC
* PAYROLL FUNDING CORPORATION


http://nvsos.gov/SOSEntitySearch/RACorps.aspx?fsnain=8H0YnFp5Lfn%252bcQNOAlk3fA%253d%253d&RAName=ERVEN+T.+NELSON

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Link to ARIOQ Short Sales ~
http://www.otcmarkets.com/stock/ARIOQ/short-sales


12 Year ARIOQ Chart ~
http://www.profitspi.com/stock-chart.aspx?id=ARIOQ&ca=1636083528



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"We write $15 million of loans each year." ~ William R. Robbins, Manager of Payroll Funding Company, LLC
* Payroll Funding support of NV Bill 255 ~
* Payroll Funding Biz Model Explained ~
https://www.leg.state.nv.us/app/NELIS/REL/79th2017/ExhibitDocument/OpenExhibitDocument?exhibitId=30482&fileDownloadName=0410ab255_robw.pdf

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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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Below: EMail Reply from Hofmeister Confirming "All Shareholder Shares" Being Terminated.


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PostSubject
#37559  Sticky Note Zombie ticker in a coma. No company exists, Homebrew 10/31/17 10:42:19 PM
#34572  Sticky Note What I KNOW is the ARIOQ shares are worthless. 1manband 01/24/17 03:58:32 PM
#21791  Sticky Note The topic to be discussed here is ARIOQ. IH Dan (Retired) 06/05/16 04:56:37 PM
#38156   All debt satisfied... maximus14 02/21/18 06:23:37 PM
#38155   And looking great! penny haven 02/21/18 02:27:10 PM
#38154   Volume: 0 @- ET surfkast 02/21/18 01:55:52 PM
#38153   Taking off! penny haven 02/21/18 01:39:40 PM
#38152   https://www.hg.org/bankrpt.html surfkast 02/21/18 01:26:31 PM
#38151   ARIOQ..WILL COME ALIVE $$$$$...THE Q COULD DROP AT halbroke1 02/21/18 12:31:54 AM
#38150   AMERIRESOURCE TECHNOLOGIES 2007 Form 10-KSB (last 10K) Capstar 02/21/18 12:24:27 AM
#38149   Buahahaha there is no such thing as impossible ranger_7 02/20/18 10:58:06 PM
#38148   Problem is there is all that debt associated MasterBlastr 02/20/18 10:21:26 PM
#38147   Gobble, gobble, gobbling more shares of $ARIOq! penny haven 02/20/18 09:25:25 PM
#38146   Hoping this turns into a shell one day 1manband 02/20/18 09:22:53 PM
#38145   Shares being bought more regularly. Not a bad hurricane123 02/20/18 09:09:38 PM
#38144   Got to keep on trucking! penny haven 02/20/18 08:21:42 PM
#38143   Can you post the O/S? surfkast 02/20/18 08:08:45 PM
#38142   Someone snatched up some shares today huh?? I T.P.G. INVESTMENTS 02/20/18 07:24:24 PM
#38141   Awesome volume and interest! GO $ARIOQ penny haven 02/20/18 05:27:35 PM
#38140   I agree. Never know what can happen here. ranger_7 02/20/18 04:52:45 PM
#38139   That would be nice! Never know I guess. ranger_7 02/20/18 04:38:43 PM
#38138   Haven't watched lately been tied up somewhere else MONEYBAGSCLAY 02/20/18 04:21:28 PM
#38137   Can we hear BITCOIN play coming ? :) allezlOM 02/20/18 03:49:09 PM
#38136   Yeah, there has been volume every day. ranger_7 02/20/18 03:46:14 PM
#38135   One more 0 in volume coming and shareholders allezlOM 02/20/18 03:44:01 PM
#38134   Hmm volume maybe something gonna happen MONEYBAGSCLAY 02/20/18 03:41:45 PM
#38133   Look at that volume right away! Wow ranger_7 02/20/18 09:43:27 AM
#38132   No such thing, FINRA would have done it ranger_7 02/18/18 09:30:46 PM
#38129   Filing with FINRA to cancel the symbol and surfkast 02/18/18 01:11:35 PM
#38128   ARIOQ $$$$ SOMETHING GOING ON !!! DEFINATELY STILL halbroke1 02/18/18 01:09:49 PM
#38127   Thursday, 02/09/17 07:48:32 PM surfkast 02/18/18 01:05:09 PM
#38126   This week we should blast off! $ARIOq penny haven 02/18/18 12:31:45 PM
#38125   So you are still praying for another bunch MasterBlastr 02/18/18 10:55:06 AM
#38124   You mean the chart that means nothing? ranger_7 02/18/18 12:51:45 AM
#38123   You noticed too - the chart looked just MasterBlastr 02/18/18 12:21:01 AM
#38122   Now you are thinking with your brain! penny haven 02/17/18 01:55:35 PM
#38121   When you are tied 0-0 . . . MasterBlastr 02/17/18 12:33:47 PM
#38120   Sure can't tell by the most recent volume penny haven 02/17/18 12:32:26 PM
#38118   Is today Saturday? You can't tell by MasterBlastr 02/17/18 10:39:39 AM
#38117   Seems like we are rocking and rolling! penny haven 02/17/18 09:31:34 AM
#38115   TWA 'traded' for 7 years after the bankruptcy MasterBlastr 02/16/18 09:09:35 PM
#38114   You don't own Ameriresource any more. You MasterBlastr 02/16/18 09:05:26 PM
#38113   plan; surfkast 02/16/18 05:41:31 PM
#38111   Docket post ~ surfkast 02/16/18 04:40:26 PM
#38110   I absolutely love this stock penny haven 02/16/18 04:37:26 PM
#38109   LOL right ranger_7 02/16/18 03:22:58 PM
#38108   The final order from the Federal Bankruptcy Court 1manband 02/16/18 03:22:25 PM
#38107   Don’t tell me how bankruptcy works because you ranger_7 02/16/18 03:18:36 PM
#38106   The shares are not trading. They have been 1manband 02/16/18 03:07:22 PM
#38105   Wrong! You can keep saying that but ranger_7 02/16/18 02:44:48 PM
#38104   No, that is not correct. 1manband 02/16/18 01:35:49 PM
#38103   Prove it! james_west_1965 02/16/18 01:34:04 PM
#38102   The shares HAVE been cancelled. The ticker symbol 1manband 02/16/18 01:31:02 PM
PostSubject