Replies to post #37694 on AmeriResource Technologies Inc. (fka ARIOQ)

[1manband]

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 They still exist, and you can buy and sell them, but they no longer represent legal tender anywhere and they have no value except as a collectors' item.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

[ranger_7]

Right on, it is being repeated that shares are canceled, shares are canceled - but the shares are still there. Did I mention the shares were cancelled? Let me look at my account... hmmm... I can still see them there so they have not been canceled. Arioq has been trading for over a year with canceled shares - interesting... Did I mention that shares were canceled? Or wait, maybe the lawyer forgot to notify FINRA and that's why they are still there? Can't be, he is an experienced lawyer. It's pretty simple to me, shares have not been canceled and are still there - people can buy, if the shares were canceled no one would be able to buy........ but for the hell of it, let me say it one more time....

shares have been canceled......................................................................................NOT