Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$ARIOQ PLAN OF REORGANIZATION APPROVED!
Q will drop soon!
source: https://www.pacermonitor.com/public/case/8758469/AmeriResource_Technologies,Inc
Spread the word folks! Post it on some big boards!
$ARIOQ will fly to a penny soon!
It is possible! And the shorting is from years ago and they try to cover now. Read below:
In regards to pink sheet and over-the-counter (OTC) listed securities, short selling is allowed. An OTC security is one that is not traded on a formal exchange such as the New York Stock Exchange or the American Stock Exchange. OTC securities are often quoted on the OTC Bulletin Board (OTCBB). Pink sheet securities are very similar to OTC securities in that they are not listed on exchanges, but are quoted on a daily publication issued by the National Quotation Bureau. However, pink sheet securities carry much more risk because they do not require the companies to register with the SEC or stay current in their financial statements.
Source: http://www.investopedia.com/ask/answers/06/otcpinksheetshortselling.asp
There is also a short squeeze possible. So this can even fly higher than we all expect!
Short volume data for $ARIOQ:
http://otcshortreport.com/index.php?index=ARIOQ&action=view
IMPORTANT INFORMATION ABOUT $ARIOQ
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.”
BIG day for $ARIOQ!
Hearing on Disclosure Statement set for 4/28/2016 at 02:00 PM at KCF - Courtroom 2, Trenton. Objections due by 4/14/2016. (fed)
- Reorganization plan approval
- Already 4 claims granted on 4/26/2016 (!)
- 80% of restricted shares will be cancelled
- Common shares remain intact
- Q will come of soon
Source: https://www.pacermonitor.com/public/case/8758469/
After one hour of trading we already have the same volume as yesterday.
$ARIOQ is heating up!
So they diluted almost 1 billion in 15 days and the A/S is 7 billion?
Ugly!
BIG day for $ARIOQ!
Hearing on Disclosure Statement set for 4/28/2016 at 02:00 PM at KCF - Courtroom 2, Trenton. Objections due by 4/14/2016. (fed)
- Reorganization plan approval
- Already 4 claims granted on 4/26/2016 (!)
- 80% of restricted shares will be cancelled
- Common shares remain intact
- Q will come of soon
Source: https://www.pacermonitor.com/public/case/8758469/AmeriResource_Technologies.Inc
Short volume data for $ARIOQ:
http://otcshortreport.com/index.php?index=ARIOQ&action=view
BIG day for $ARIOQ!
Hearing on Disclosure Statement set for 4/28/2016 at 02:00 PM at KCF - Courtroom 2, Trenton. Objections due by 4/14/2016. (fed)
- Reorganization plan approval
- Already 4 claims granted on 4/26/2016 (!)
- 80% of restricted shares will be cancelled
- Common shares remain intact
- Q will come of soon
Source: https://www.pacermonitor.com/public/case/8758469/AmeriResource_Technologies.Inc
Short volume data for $ARIOQ:
http://otcshortreport.com/index.php?index=ARIOQ&action=view
BIG day for $ARIOQ!
Hearing on Disclosure Statement set for 4/28/2016 at 02:00 PM at KCF - Courtroom 2, Trenton. Objections due by 4/14/2016. (fed)
- Reorganization plan approval
- Already 4 claims granted on 4/26/2016 (!)
- 80% of restricted shares will be cancelled
- Common shares remain intact
- Q will come of soon
Source: https://www.pacermonitor.com/public/case/8758469/AmeriResource_Technologies.Inc
Mezzanine capital (Product Payroll Funding)
In finance, mezzanine capital is any subordinated debt or preferred equity instrument that represents a claim on a company's assets which is senior only to that of the common shares. Mezzanine financings can be structured either as debt (typically an unsecured and subordinated note) or preferred stock.
Mezzanine capital is often a more expensive financing source for a company than secured debt or senior debt. The higher cost of capital associated with mezzanine financings is the result of its being an unsecured, subordinated (or junior) obligation in a company's capital structure (i.e., in the event of default, the mezzanine financing is only repaid after all senior obligations have been satisfied). Additionally, mezzanine financings, which are usually private placements, are often used by smaller companies and may involve greater overall levels of leverage than issues in the high-yield market; they thus involve additional risk. In compensation for the increased risk, mezzanine debt holders require a higher return for their investment than secured or more senior lenders.
Structure
Mezzanine financings can be completed through a variety of different structures based on the specific objectives of the transaction and the existing capital structure in place at the company. The basic forms used in most mezzanine financings are subordinated notes and preferred stock. Mezzanine lenders, typically specialist mezzanine investment funds, look for a certain rate of return which can come from (each individual security can be made up of any of the following or a combination thereof):
Cash interest: A periodic payment of cash based on a percentage of the outstanding balance of the mezzanine financing. The interest rate can be either fixed throughout the term of the loan or can fluctuate (i.e., float) along with LIBOR or other base rates.
PIK interest: Payable in kind interest is a periodic form of payment in which the interest payment is not paid in cash but rather by increasing the principal amount by the amount of the interest (e.g., a $100 million bond with an 8% PIK interest rate will have a balance of $108 million at the end of the period, but will not pay any cash interest).
Ownership: Along with the typical interest payment associated with debt, mezzanine capital will often include an equity stake in the form of attached warrants or a conversion feature similar to that of a convertible bond. The ownership component in mezzanine securities is almost always accompanied by either cash interest or PIK interest, and, in many cases, by both.
Source: https://en.wikipedia.org/wiki/Mezzanine_capital
William R Robins principal in Payroll Funding LLC
* See bottom of article for brief description of William R Robins & Payroll Funding LLC
* Article contains some mechanics of operating payroll funding.
http://www.worldsweeper.com/ParkingContractors/ManagementTools/PayrollFunding4.11.html
* William R Robins - corporation wiki: http://www.corporationwiki.com//p/2d7ujw/payroll-funding-company=llc
* Co WebSite: http://payrollfundings.com
* Payroll Funding / Mezzanine Payroll Funding: http://www.payrollfundings.com/wp-content/uploads/2015/02/PFC-Mezzanine-Payroll-Funding-2015_1.pdf
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.”
$ARIOQ IN A NUTSHELL
Plan of Reorganization
http://www.pacermonitor.com/view/BHE47LA/AmeriResource_Technologies_Inc__nibke-15-23617__0027.1.pdf
Some 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
- 80% of the restricted shares will be wiped out
- Q will be gone soon
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
* AMERIREOURCE 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.
The claims to be granted were necesarry to approve the plan of reorganization. Those were the key, so it's done!
Order and Notice on Disclosure Statement.
Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. See BNC Certificate of Notice. Signed on 3/11/2016. Hearing on Disclosure Statement set for 4/28/2016 at 02:00 PM at KCF - Courtroom 2, Trenton. Objections due by 4/14/2016
If the Q drops this can fly to a penny and more.
MM's want this to stay low as long as possible, just because they don't want to miss the big run. Seen this before a Thousand times!
$ARIOQ Bankruptcy reorganization plan approved per 4/26/2016 in court
- 4 motions granted
- Common shares remain intact
- Q coming off soon
- Gross profit of $42.500 in February
- 80% of restricted shares wiped out!
Source: https://www.pacermonitor.com/public/case/8758469/AmeriResource_Technologies,Inc
Short volume data for $ARIOQ:
http://otcshortreport.com/index.php?index=ARIOQ&action=view
$ARIOQ Bankruptcy reorganization plan approved per 4/26/2016 in court
- 4 motions granted
- Common shares remain intact
- Q coming off soon
- Gross profit of $42.500 in February
- 80% of restricted shares wiped out!
Source: https://www.pacermonitor.com/public/case/8758469/AmeriResource_Technologies,Inc
Short volume data for $ARIOQ:
http://otcshortreport.com/index.php?index=ARIOQ&action=view
$ARIOQ Bankruptcy reorganization plan approved per 4/26/2016 in court
- 4 motions granted
- Common shares remain intact
- Q coming off soon
- Gross profit of $42.500 in February
- 80% of restricted shares wiped out!
Source: https://www.pacermonitor.com/public/case/8758469/AmeriResource_Technologies,Inc
Short volume data for $ARIOQ:
http://otcshortreport.com/index.php?index=ARIOQ&action=view
Are the 80% of restricted shares already gone? Or is it set for next month?
Short volume data for $ARIOQ
http://otcshortreport.com/index.php?index=ARIOQ&action=view
#ARIOQ Bankruptcy reorganization plan approved per 4/26/2016 in court
- 4 motions granted
- Common shares remain intact
- Q coming off soon
- Gross profit of $42.500 in February
- One last hearing to wipe out 80% of restricted shares
Source: https://www.pacermonitor.com/public/case/8758469/AmeriResource_Technologies,Inc
AmeriResource Technologies Plan Filed
by Brandy Chetsason March 15, 2016
According to the U.S. Bankruptcy Court docket, AmeriResource Technologies filed a Chapter 11 Plan of Reorganization and related Disclosure Statement, which notes, “In an effort to remedy the problems that led to the bankruptcy filing, the Debtor’s Plan proposes to implement the following procedures: Ario has resumed the program originally started in 2014 in which it makes loans to smaller companies, where such loans are originated and serviced by PFC.”
The Disclosure Statement continues, “Pursuant to the approved DIP financing the Debtor will receive monthly advances from PFC to fund loans originated and serviced by PFC. In addition, PFC has agreed to reduce the interest rate on its secured pre-petition note receivable from 12% to 6%.” The Court scheduled an April 28, 2016 hearing to consider the Disclosure Statement.
The Q will drop soon! #ARIOQ
Minute of 4/26/2016 OUTCOME: GRANTED
Motion to Expunge/Reduce/Modify/Object to Claims filed by AmeriResource Technologies, Inc.
Minute of 4/26/2016 OUTCOME: GRANTED
Motion to Expunge/Reduce/Modify/Object to Claims filed by AmeriResource Technologies, Inc.
Minute of 4/26/2016 OUTCOME: GRANTED
Motion to Expunge/Reduce/Modify/Object to Claims filed by AmeriResource Technologies, Inc.
Minute of 4/26/2016 OUTCOME: GRANTED
Motion to Expunge/Reduce/Modify/Object to Claims filed by AmeriResource Technologies, Inc.
All 4 claims are granted!
Source: https://www.pacermonitor.com/public/case/8758469/AmeriResource_Technologies,Inc
#ARIOQ IN A NUTSHELL
Plan of Reorganization
http://www.pacermonitor.com/view/BHE47LA/AmeriResource_Technologies_Inc__nibke-15-23617__0027.1.pdf
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
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
* AMERIREOURCE 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.
#2 MOST ACTIVE STOCK FORUMS!
All eyes on #ARIOQ
If that happens we will fly to a penny and more!
#ARIOQ 1's falling fast!
Already 60 million+ volume in the first 20 minutes.
#ARIOQ 1's falling fast!
Already 60 million+ volume in the first 20 minutes.
#ARIOQ 1's falling fast!
Already 60 million+ volume in the first 20 minutes.
Spread the word on some big boards!
#ARIOQ
#ARIOQ IN A NUTSHELL
Plan of Reorganization
http://www.pacermonitor.com/view/BHE47LA/AmeriResource_Technologies_Inc__nibke-15-23617__0027.1.pdf
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
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.
#ARIOQ IN A NUTSHELL
Plan of Reorganization
http://www.pacermonitor.com/view/BHE47LA/AmeriResource_Technologies_Inc__nibke-15-23617__0027.1.pdf
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
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.
#ARIOQ IN A NUTSHELL
Plan of Reorganization
http://www.pacermonitor.com/view/BHE47LA/AmeriResource_Technologies_Inc__nibke-15-23617__0027.1.pdf
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
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.
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
We already touched $0.0002 yesterday, so I think it's gonna happen again today. Let's hope we can have a bid today and start building a nice run from that point.
In my opinion the plan of reorganization will be approved for sure. So the only thing we have to do now is spread the word and post it on some big boards.
#ARIOQ IN A NUTSHELL
Plan of Reorganization
http://www.pacermonitor.com/view/BHE47LA/AmeriResource_Technologies_Inc__nibke-15-23617__0027.1.pdf
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
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
* AMERIREOURCE 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.