AmeriResource Technologies Inc. (fka ARIOQ)

[youface12]

$ARIOQ - Reorganization plan APPROVED per 4/28/2016 in court

- Common shares remain intact
- 80% of restricted shares cancelled
- Several claims expunged/eliminated
- Biggest claim (NIR Group, Inc. $234,000.00) = ELIMINATED
- Fresh start with almost NO DEBT (!)
- Q will drop soon
- Payroll Funding Co. taking over $ARIOQ
- Gross profit of $42.500 in February
- Merger + name change is possible

More info about Payroll Funding Co.: http://payrollfundings.com/

More info about the product of Payroll Funding Co.: http://payrollfundings.com/wp-content/uploads/2015/02/PFC-Mezzanine-Payroll-Funding-2015_1.pdf


Cancelling common shares:
The members of a board of directors can authorize the repurchase of shares by the company. The bylaws may require the shareholders to approve this action, as a buyback means spending the company's cash. In order to cancel shares, the company must first redeem them by paying the current price on the public stock exchange. A redemption of shares reduces the number of outstanding "issued" shares available to public investors, also known as the float.