Replies to post #35789 on AmeriResource Technologies Inc. (fka ARIOQ)

[janice shell]

You ought to read up on bankruptcies, specifically. Usually, the cancellation of common shares is part of the restructuring plan. It's done by the company.

And should be reported by the bankruptcy attorney to FINRA. In this case, that didn't happen.

Many penny stocks go out of business. Very few file bankruptcy petitions, because very few have any assets to protect.

[1manband]

Shares aren't cancelled if a company goes out of business i.e. If people are still trading them.

That is not correct. Equity is cancelled in bankruptcies every day when included in the Bankruptcy Plan, and that includes common shares of publicly traded stocks.

Here are some recent examples of bankrupt stocks trading, in some cases huge volume, right up to the second the stock stopped trading due to cancelation - the cancellation of the stock by the bankruptcy court and the deletion of the ticker by FINRA are not concurrent:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=129089694

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130482115

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=127003268

ARIOQ's common shares were cancelled. The ticker hasn't been yet, but eventually will be. That could happen at any time.