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Re: 50chuck post# 37694

Monday, 11/27/2017 2:57:16 PM

Monday, November 27, 2017 2:57:16 PM

Post# of 38496
The Common shares have been cancelled pursuant to the Plan of Reorganization as approved by the Federal Bankruptcy Court of the United States. All new equity in the Company was issued to the secured debtor, and they now own 100% of AmeriResource. The old common shareholders own nothing.

What you have in your brokerage account is old shares that are worthless. Sure, they exist on paper, and you can hang the certificate on your wall as a reminder. But post-bankruptcy, they have no equity ownership in AmeriResource whatsoever. They are worthless except as a curio or reminder of what once was.

Kinda like a Confederate Dollar. They still exist, and you can buy and sell them, but they no longer represent legal tender anywhere and they have no value except as a collectors' item.

The same is true of ARIOQ common shares.

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