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jet101 followi=up
That last post you sent indicates the SEC is not a part of this, but FINRA. The SEC essentially absolves any responsibility for ARIOQ listing. I saw that email a couple of months ago if not longer. It still is not resolved. If no authoritative person (Robins, Hofmeister) does not pursue this with FINRA, it will likely always trade. Again, I think they already notified FINRA nearly a year ago. It would be shirking their responsibility not to.
I expect nothing to change. Trade on, ARIOQ investors.
James
So,
it is either due to ineptness with not filing correct paperwork with FINRA or the SEC let it slide. I can go with the latter than the former, but even then, I find either case hard to swallow. I have traded hundreds of junk stock over the years and know the SEC doesn't fool around with companies' solvency or extended use of stock symbols.
Let it keep on trading until it pops big.
James
jet
I believe it has already been filed with FINRA and the BK is closed. I don't believe there are any loose ends. If there are, the post-BK is beyond being handled unprofessionally. It was handled by teenagers. But then again, I don't believe there are any loose ends.
I wait for the ride up.
James
jet101- the whole thing is bull
Like I said, this whole thing should not have slipped through the cracks. I don't think it did. Something happened that no one understands yet. That is where I come from. Hofmeister was paid well to take of loose ends like this. Robins did have multiple BKs to worry about, but one. Like I said, I don't expect anything to change.
James
Jet101, like you said, ridiculous
I don't have private email capability. This matter should have been cleared more than 6 months ago. That it hasn't, I don't believe it is
due to an oversight or negligence. I think the same result will be forever trading. Enjoy! I will.
James
Thanks Jet. I have read similar things.
From what you received, it would appear like someone has not sent off the closing paperwork. That would be Hofmeister. But, there has been such a stink raised not only on this message board but with Hofmeister and Robins, that I doubt Hofmeister did not drop the ball.
It would seem with everything done that should be done, this stock will endlessly trade. All trades are final. My first thought would be the SEC coming after a seller months, even years after it was found out that the trading is illegitimate. But, that the SEC would allow this to go on, tells me all trading is legal.
So, "Trade on, buyers and sellers."
James
I know you are. I have read your posts.
I got no information from broker. That will be the last time I ask them. I will try calling Robbins again and see if he can give me an explanation that differs from a year ago.
Personally, I am expecting the price to change from 0.0001 to at least 0.0002 one of these days, one of these hours. About a month ago someone did buy 5000 shares at 0.001, a 10X jump. So, the spike could happen at any time, and legally, at that.
Every trade is a matched trade
You cannot buy 100 shares of a stock unless someone is willing to sell their 100 shares. If there are not enough shares that you want to buy, then the price (the next seller lot) will go up.
James
That makes no sense at all.
No one would try to buy up shares then hope they could sell them at the same price to make it look active. The risk is too high, way too high. If that were the case, the person who sent $450 to trade today would have little or no likelihood in getting back their $450 because of the huge outstanding shares out there.
James
I cannot believe FINRA and the SEC could have this wrong for so long.
There can be nothing crooked about this and Robins is not lying. This stock has successfully traded and so should be considered a viable stock and stock symbol. I am calling my broker at this time to discuss all this but I believe nothing will be learned but that the stock is still tradeable.
James
Yes, he told me they were canceled. True.
I believe he is like all of us, not knowing why the trading continues. I didn't believe he was lying then nor do I believe it now. Someone posted an article months ago that basically said "if it trades then let it trade." It is what it is and no one on this message board can deny it. Not even you. Now we have had 87.5M shares bought in the last 2 months. Let the buyers scoop them up.
James
See, another 4.5 million just traded!
It's comin.'
This stock will ROCK! Investment speaks for itself.
In the past 60 days, 83,000,000 common shares have been purchased. And who said common shares are not intact? They have been alive and well for a year! And people keep buying them up! What will it be today for stock purchase? 5M, 7M, 10M?
For those like myself who have held onto my shares, there are only blue skies ahead. Watch for a massive return on your investment. Thumbs up!
James
ranger 7 - you're right on
For a dead stock nearly a year ago, volume is growing. People don't keep buying up shares just to waste money. Like many here believe, something is going on that the shares have not been canceled. Could be blue skies ahead.
James
Keep the messages comin'.
Thanks for the explanation Stanner
James
That's the way it seems Ranger 7.
James
Stanner where did you see 0.005 on 4/25?
16:00 N/A N/A N/A N/A 500,001
04/25/2017 0.0001 0.0001 0.0001 0.0001 2,811,002
04/24/2017 0.0001 0.0001 0.0001 0.0001 100,000
04/21/2017 0.0001 0.0001 0.0001 0.0001 00
04/20/2017 0.0001 0.0001 0.0001 0.0001 00
04/19/2017 0.0001 0.0001 0 0.0001 3,700,000
04/18/2017 0.0001 0.0001 0.0001 0.0001 3,185,000
04/17/2017 0.001 0.001 0.001 0.001 5,000
04/13/2017 0.0001 0.0001 0.0001 0.0001 8,340,100
04/12/2017 0.0001 0.0001 0.0001 0.0001 100,000
04/11/2017 0.0001 0.0001 0.0001 0.0001 150,001
04/10/2017 0.0001 0.0001 0.0001 0.0001 30,505,100
04/07/2017 0.0001 0.0001 0.0001 0.0001 10,000
04/06/2017 0.0001 0.0001 0.0001 0.0001 620,000
04/05/2017 0.0001 0.0001 0.0001 0.0001 900,000
04/04/2017 0 0.0001 0 0.0001 10,100,850
04/03/2017 0.0001 0.0001 0.0001 0.0001 00
03/31/2017 0.0001 0.0001 0 0.0001 125,512
03/30/2017 0.0001 0.0001 0.0001 0.0001 1,535,026
03/29/2017 0.0001 0.0001 0.0001 0.0001 00
03/28/2017 0.0001 0.0001 0.0001 0.0001 600,000
03/27/2017 0.0001 0.0001 0.0001 0.0001 00
03/24/2017 0.0001 0.0001 0.0001 0.0001 00
03/23/2017 0.0001 0.0001 0.0001 0.0001 00
03/22/2017 0.0001 0.0001 0.0001 0.0001 1,000,001
03/21/2017 0.0001 0.0001 0.0001 0.0001 00
03/20/2017 0.0001 0.0001 0.0001 0.0001 35,002
03/17/2017 0.0001 0.0001 0.0001 0.0001 500,000
03/16/2017 0.0001 0.0001 0.0001 0.0001 00
03/15/2017 0.0001 0.0001 0.0001 0.0001 500,000
03/14/2017 0.0001 0.0001 0.0001 0.0001 00
03/13/2017 0.0001 0.0001 0.0001 0.0001 00
03/10/2017 0.0001 0.0001 0.0001 0.0001 00
03/09/2017 0.0001 0.0001 0.0001 0.0001 00
03/08/2017 0.0001 0.0001 0.0001 0.0001 00
03/07/2017 0.0001 0.0001 0.0001 0.0001 500,000
03/06/2017 0.0001 0.0001 0.0001 0.0001 00
03/03/2017 0.0001 0.0001 0.0001 0.0001 00
03/02/2017 0.0001 0.0001 0.0001 0.0001 00
03/01/2017 0.0001 0.0001 0.0001 0.0001 00
02/28/2017 0.0001 0.0001 0.0001 0.0001 2,938,299
02/27/2017 0.0001 0.0001 0.0001 0.0001 00
02/24/2017 0.0001 0.0001 0.0001 0.0001 00
02/23/2017 0.0001 0.0001 0.0001 0.0001 1,045,249
02/22/2017 0.0001 0.001 0.0001 0.001 500,509
02/21/2017 0.0001 0.0001 0.0001 0.0001 00
02/17/2017 0.0001 0.0001 0.0001 0.0001 397,989
02/16/2017 0.0001 0.0001 0.0001 0.0001 500,000
02/15/2017 0.0001 0.0001 0.0001 0.0001 00
02/14/2017 0.0001 0.0001 0.0001 0.0001 1,000,051
02/13/2017 0.0001 0.0001 0.0001 0.0001 00
02/10/2017 0.0001 0.0001 0.0001 0.0001 1,378,205
02/09/2017 0.0001 0.0001 0.0001 0.0001 9,300,000
02/08/2017 0.0001 0.0001 0.0001 0.0001 00
02/07/2017 0.0001 0.0001 0.0001 0.0001 20,000
02/06/2017 0.0001 0.0001 0.0001 0.0001 00
02/03/2017 0.0001 0.0001 0.0001 0.0001 750,000
02/02/2017 0.0001 0.0001 0.0001 0.0001 5,001
02/01/2017 0.0001 0.0001 0.0001 0.0001 00
01/31/2017 0.0001 0.0001 0.0001 0.0001 00
01/30/2017 0.0001 0.0001 0.0001 0.0001 200,000
01/27/2017 0.0001 0.0001 0.0001 0.0001 00
01/26/2017 0.0001 0.0001 0.0001 0.0001 00
01/25/2017 0.0001 0.0001 0.0001 0.0001 00
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
Did the 0.001 slip by this message board?
Halbroke picked up on it. Stock was up 1000% yesterday. Looks like someone bought 5000 shares at that price! At that moment, that was the lowest seller.
James
Now is the time to BUY!
Buying pressure is strong after all that ARIO has gone through. This can only say something is ahead that selling @ 0.0002 is a big mistake. Like the old TV show, this could be a Bonanza!
Are you saying, halbroke1, I should raise my sell price from 0.25?
It has been sitting out there for at least 6 months. Perhaps I should raise it to 0.50. Good thought, halbroke1.
James
halbroke1 -what's happening?
How come this thing is still trading? Commons were supposed to be liquidated. What gives? I saw 625K shares traded Thursday.
James
Phonz
I will rain on your parade, though I definitely appreciate your optimism. Robins distinctly told me all shares are canceled. When this will take place is even beyond his knowledge. He likely has no broker's license and is likely not part of the SEC, but he intimated that it is possible trades being conducted now may not be even legitimate trades. After all, if legally the shares have been canceled, what is reality of the shares being bought and sold today?
I have been "all in" as you know, arguing profusely with and for shareholders. But if the shares are legally canceled, then what is being traded is a legitimate question. And the future of my shares and your shares is bleak, at best.
That is where it stands. I do not understand why Robins would lie to me. It all fits with the Order.
James
After what I relayed, yes, it is.
My brokerage account still shows my millions of shares I am holding. If this stock can move in this window of transiency, there could be lots of money to be made.
Another 500,000 just bought!
You must have dug for that.
Artmaniac
Below is the information jet101 gave me to contact Robins:
WILL ROBINS
PAYROLL FUNDING
Office: 609 924 9394
Cell: 609 240 4470
Email: WRobins@PayrollFundings.com
Just as a final sanity check, just now, I checked my incoming cell phone call list. I received a call from 609 240-4470 @ 10:53 AM Oct 14. That is what my cell phone says. And that is exactly the phone number jet101 gave me for his personal phone.
I have to say that your mentioning me as a moderator tells me I should not be posting the phone call because 1) it was not good news for the company shareholders and 2) it didn't meet your expectations.
It's just the way it is. Believe me, I am disappointed too.
James
My take on his chuckle
I don't believe he was chuckling at shareholders' still investing. I believe he was chuckling that the whole stock trading system make no sense. In other words, "The court case is closed. And the SEC is still allowing this stock to be traded?" That is where i think he was coming from.
You can speculate all you want, T.P.G.
I have been in this stock for several years. I have invested dollars in this company way before it went BK. Believe me, I would never make up a phone conversation, especially one that runs contrary to where I want to be in terms of making a profit. I have a kid in college. My job was eliminated 3 months ago. My son will likely go to college a year from now. And you think I might be making all this up? Never!
Where it can go from here.
From Robins' own words, it is done. But that doesn't mean the stock cannot trade until it is delisted. To me, those who don't know all the facts, might be buying shares and running up a false market. That is what is left, but it can happen. We saw 20M shares bought the other day. Perhaps a half a billion shares will change hands. Crazier things have happened. In the mean time, if it happens, Robins will do as he did with me, have a good chuckle.
James
As I described it ...
... is just the way it happened, how strange it worked out.
James
Joefyffe
That is exactly how it happened. Somehow, Robins thought it was his duty or it was an important call whoever the anonymous person was (me). I am glad he called back to clear the air.
James
No I didn't.
Someone asked me about this as well. I was honestly shocked when he called back after I hung up on his voice mail. Very easy guy to talk to. I ultimately found out what I wanted to know. I certainly don't care about buying new shares when the first go-round turned into a BK.
That's what he told me.
No bull. I don't lie.
I have spent my allotment of messages today, so I cannot respond to anything the rest of the day until tomorrow when I get a new allowance.
At this point pdh53 ...
... I don't think anyone knows. Robins doesn't know. My broker doesn't know. We, here, don't know. FINRA certainly doesn't know. Recent investors in AmeriResource don't know.
James
I really, really wish he said something different.
Perhaps it will trade indefinitely, for some strange reason, and we can all make a little $$.
James
I just talked to Robins, personally.
As you know, I left no voice mail. But he called me back anyway. He was very polite and I enjoyed talking to him. He said all shares have been canceled. I told him it is still trading and, in fact, someone bought 20M shares the other day. He had a good laugh. He doesn't know why the stock still trades and the symbol is still there, active. He told me twice the shares have all been canceled. It was clear he does not know exactly how the entire process works for a canceled stock. He said that FINRA has nothing to do with canceling a stock symbol. He said even after the shares of a stock are canceled, the stock symbol can still be active and the shares still traded. He said something to the affect that the shares now being traded are not real (probably because legally they have been canceled).
I didn't know what else to ask him. To him, it is truly a closed case and there is nothing more to talk about past shareholders. DONE! If something is not clear, please ask me.
Because I am telling exactly what he told me, I would park this particular message for future reference.
James
Some investors keep pecking away
At 9:38 someone bought another 500K shares. That's very familiar.
James
jet101
Do you believe the response you received was clear and conclusive?
James
jet101 again
I read it. Thanks so much. Direct questions were asked and vague answers were given. To me, there is too much ambiguity to think one way or the other. I am not trying to be pig-headed about it, but I believe my reaction to his response is objective.
James
The waiting game continues.