AmeriResource Technologies Inc. (fka ARIOQ)

[james_west_1965]

I am reading some crazy stuff. Not approved means it becomes a private company and shares are canceled? Since when? If the reorganization plan is not approved, then all is liquidated and debtor must pay off all debts and company is through along with assets and would likely use share investment to pay off debts.

If the reorganization plan is approved, which I expect, then all is well. Shares continue to be valued and recognized by law and the company will gain protection from demand to pay off all debts immediately along with being a viable company seeking to be profitable, like a KMART. As far as the "q" being lifted, that happens when stock is elevated from Pink sheet status to OTCBB. That may hinge on the approval of the reorganizational plan because it increases the financial solvency of the company, but it may not.