Replies to post #30382 on AmeriResource Technologies Inc. (fka ARIOQ)

[james_west_1965]

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It seems from the Order that Payroll Funding, being the "designee," has less influence than AmeriResource. Payroll has dictated the payback terms over 5 years, reduced the rate of interest and has complete ownership of the shares. But from the paragraph that I pasted, AmeriResource seems to be holding the cards. Being the Debtor and the Proponent of the Plan, AmeriResource is not walking around with a tail between the legs, but is now AUTHORIZED (but NOT ordered) to cancel all shares.

As you aptly stated, there is "flexibility" in the Order from the Court, and how broad and long it is has yet to be seen. The end of ARIOQ is far from being written.