AmeriResource Technologies Inc. (fka ARIOQ)

[ok husband]

ARIOQ exceo 80% shrs and wify all gone and FRACTIONAL % SHAREHOLDERS ARE BAGHOLDERS.!!!!FRACTIONAL SHAREHOLDERS MEANS THE FRACTIONAL% OF SHAREHOLDERS LEFT OVER AFTER DELMAR ex ceo WILL ALL BE CANCELLED ALSO. PERCENTAGE FRACTIONAL SHAREHOLDERS!!FRACTIONAL OF THE 100% OF ALL SHARES WILL BE CANCELLED TOO!!! CALL THE ATTY AND HAVE HIM EXPLAIN IT TO YOU PERSONALLY. AND SINCE IT IS PUBLIC KNOWLEDGE HE WILL AND HAS DISCUSSED THIS WITH MANY.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123083725
Here's a more recent account:

Under the Plan, [Payroll Funding Company (PFC)] will be the Plan Sponsor and will contribute $25,000.00 in new capital and will reduce the principal balance by $30,243.48 and the interest rate on its secured note from 12% to 6%. In return, all old Equity Class 4 Interest Holders shares shall be extinguished and PFC shall receive 100% of shares of stock of the Debtor…

I think that's pretty clear. Goodbye to the commons. In addition, the o/s is in the billions, and it looks as if someone--probably Janovec--is converting and dumping even more. Volume today was insane.

Obviously the intended recipients of the new stock will not want to be dealing with any of that.

http://www.4-traders.com/AMERIRESOURCE-TECHNOLOGIE-3520851/news/AmeriResource-Technologies-Bankruptcy-Filings-Stories-from-the-Bankruptcy-Court-Dockets-22285792/