Arcadia Resources Inc fka KADR

[StickyStock]

Well at least we can all take tax write offs now

[Renee]

KADR revoked:

http://www.sec.gov/litigation/admin/2014/34-73870.pdf

[StickyStock]

Haha oh. Well no new additional dd here. Can't do anything but sit and wait. See what happens

[investor2004]

LOL, Was actually talking about US(you, I, and everyone else) shareholders going down the rabbit hole with the SEC suspension and threatening to revoke. What you stated is a whole nother can of worms which is really irrelevant IMHO unless it presents itself again and is lacking accuracy. Anyway, guess we will see. Been waiting a long time so not like waiting even longer is going to be a big difference to see how it all works out.

[StickyStock]

I think she is pretty reputable and it's not looking good unfortunately. Although I don't know why it's taking so long to get revoked

[investor2004]

Hey Sticky, so you still around? Thought you might have some DD you had dug up. Seems like Alice in Wonderland here could be good or bad.

[investor2004]

Bulls-eye

[StubbornSOB]

Hi Renee,

I am seeing that you are paying real close attention to Arcadia? Is it worth the time to follow? There are other revoked stocks too. Lol!!

[Renee]

Apparently your Broker made a boo boo because todays Admin Proceeding only revoked GRTK out of the other stocks still pending stock revocation.

Todays Admin Proceeding:

http://www.sec.gov/litigation/admin/2014/34-73635.pdf

[StickyStock]

so something really weird just happened....this morning when I checked the stock in my brokerage had a cuisp number only and the description said that registration was revoked. now I have the KADR symbol again and the registration revoked description just went away.

[StickyStock]

registration revoked

[investor2004]

Another aspect is a PIPE that would not violate insider laws to convert the debt into huge upside equity. I still think that is feasible even though things look so dire as they well may be.

[investor2004]

Yes, could end up being worthless or could end up being substantial. Who knows. But, and most importantly, is the fact that whatever happens with a revocation we still have rights and a "stake" here to whatever is in the shell, if anything, regardless of it being revoked or not.

[StickyStock]

I agree. I think KADR is forever gone but I think we will become a cuisp number and a reverse merger can still take place "restructuring" the company in the future . How the rest of it unfolds I don't know. I think the unsecured debt can be gone either by swapping debt for equity or other ways. They can get creative with this. I still think this shell owns non operating revenue that is very valuable here. This is all my opinion of I agree with all your points.

[investor2004]

Glad to see someone here sees and understands this talking out of both sides of the mouth. A cusip would imply "a stake" in a company that still exists. That still has to be rectified eventually with either a dissolution, BK, or M and A. No way around it as far as the rights that the holdings imply.

Also, for someone who supposidely is the guru on revocations it seems shocking to me they know so little about what a cusip means in a persons account. Most investors who have been through a standard reverse merger or other types of M and A or even a BK with equity still left over after all payments are made understand that often these cusips end up being converted to new shares after M and A or a new ticker is assigned after a chapter 11 is completed or even dollars in the case of a chapter 7 although much less common. So again, to the guru of revocations, yes, cusip numbers for holdings can often turn into new stock ownership with a different ticker or dollars because as YOU stated, the SEC can not remove equity which is by all means a STAKE in the company! And yes, this happens every day without suing anyone! Also, this company could be Reverse Merged, for example into another company and those cusip numbers(equity) would be converted to NEW PUBLIC SHARES for example! And, unless the company, as I have said a MILLION times over and over here, does 1. dissolution 2.BK then those cusip shares do in fact still have some sort of value and claim to whatever lies in that company that was revoked. So ultimately in the end, the question is who is really contradicting themselves here and confused?

I think everyone here would agree that I have been saying the same thing like a broken record over and over agian in response to every time it is stated that "you have no stake" which then changed to "the SEC does not remove equity" then back again now in the last post to "you have no stake". Really the question is if the immage of a wall in the last post is actually a freudian slip of some sort. What do the ACTUAL HOLDERS OF STOCK here think?

[StubbornSOB]

Amen!

[Renee]

Good grief.....KADR shareholders will NOT have a stake in Arcadia upon stock registration revocation. Shareholders will own shares with NO ticker. To obtain a stake in Arcadia shareholders would need to sue the company.

Apparently it would be easier posting to a

[investor2004]

A nice "im sorry" would have beeen in order after you said over and over again that stockholders would have "no stake" in a company upon revocation, argued about it, and now have reversed your position. You basically gave incorrect information that was highly important as an issue here and really on ANY stock that would be revoked like this. The prior posts you made obviously go counter to this statement you just now made:

"The equity is not removed by the SEC. Shareholders will still own the exact amount of shares upon the KADR stock registration revocation, but the stock will not have the ticker, KADR. A number will be assigned by each individual Broker for Arcadia Resources Inc. shares."

Is this not what I just said to you in the previous post and you are now acting like this is some information you just came up with?

Is it that hard after you have stated over and over again on here that stockholders would have no stake in the continuing entity/shell to just to admit you made a mistake? It really is ok. But, continuing to just brush over it without acknowledging it does not show good character.

I have made many stupid mistakes over the years and am the first to fess up to them on here. And to be honest, I know you know a ton more then I do about revocations but that is a very very small piece of overall investing. However, considering you have been on IHUB a long time and have over 16000 posts it would be honorable to tell everyone here that no, they will still have equity stake in the company not have the revocation make their ownership null and void as you mistakenly said many times prior on this board. All that will be gone and never be able to be used again is the ticker. And again, knowing almost nothing about this particular stock RENEE and saying no one would want to buy or sell those non public shares is rather again acting like you know everything about this stock. You have no idea what this stock is or is not worth. It could be worthless or could end up being worth millions due to proprietary rights, royalties, or patents it holds or as a holding company structure with no ops that you would have no way of knowing about on this particular stock since I am assuming you are not a shareholder and only came here because of the suspension notice you saw. All you know is they have not filed their sec filings in a few years and are being revoked. Thats it. Trust me, all of us here are very aware of that much also because we have been here for years not a month doing dd and monitoring what is going on as shareholders.

[Renee]

The equity is not removed by the SEC. Shareholders will still own the exact amount of shares upon the KADR stock registration revocation, but the stock will not have the ticker, KADR. A number will be assigned by each individual Broker for Arcadia Resources Inc. shares.

The SEC revokes the stock registration so that it cannot trade on any public market or public system, so, although the company can choose to continue operations as a private company the public stock and ticker will no longer exist.

Shareholders can trade the stock privately but it is not likely that anyone would buy shares in a private transaction that in turn could only be re-sold in another private transaction.

Regarding a FORM 15, all companies must be current in their Financials reporting obligations to qualify for deregistering from the SEC. So the time for Arcadia to file a FORM 15 was in 2011 after their last Financials were posted. It was too late to file a FORM 15 in 2014 to circumvent a Suspension and revocation. As an SEC Registrant Arcadia absolutely knew this but decided to be derelict in filing anything at all for over 3 years. If investors of delinquent SEC filers cannot or will not research what happens to delinquent filers then their research is egregiously inadequate. The SEC site is chock full of thousands of SEC actions against delinquent SEC filers.

http://www.sec.gov/litigation/suspensions.shtml

http://www.sec.gov/litigation/admin.shtml

http://www.sec.gov/litigation/litreleases.shtml

http://www.sec.gov/alj/aljdec.shtml

http://www.sec.gov/alj/aljorders.shtml

The next two links are for the SEC Administrative Law Judge and Office of Investor Education and advocacy. There is a phone number in the second link to call.

http://www.sec.gov/alj#.VFgp3TTF9k0


http://www.sec.gov/oiea#.VFgpkTTF9k1

Since Arcadia hasn't returned calls or emails for two years it appears the company is either defunct or just doesn't want to reply to shareholder inquiries.

Shareholders can sue the company for losses but as I wrote in prior posts the company and officers can just make any remaining assets disappear and shareholders would be out-of-pocket the costs of litigation.

And, please extend the courtesy of spelling my name correctly. It is Renee, not Rene.

[investor2004]

Hi Rene, thanks for the response. Actually, where did you respond regarding and answering the major question of how it is that equity is removed by the SEC revocation? You state this as a fact. So, where in your postings is this supported or explained how this is possible? I have not seen that answer and would love to understand that since at this point I have not seen any reasonable explaination of why this would happen other then you just stating it is so. Do you have a link to an SEC regulation regarding this or some other federal or Nevada state law supporting your post since what you are saying is a huge issue one way or another for this stock and the stockholders here.

I never once said it was your fault. I know it is not. In regards to the form 15, makes you wonder why this was not done since it appears to be so simple from what you say. Maybe there is a reason for this or they wanted to purposely let it be revoked? One has to wonder this considering if what you are saying is true about how simple it would be to file as a non registrant stock why would they not just do this as a last act on windown? Arcadia is unresponsive and has been left messages on phone etc. with no response btw. This has been going on for two years.

Overall, one has to ask why the pharmacy was sold at a pittance of what it was purchased for in 2007 and 70-80m in revenues on the staffing side was given away for 1m in cash and 11-12m in debt to be taken over by a prior CEO of Arcadia. Stockholders hoped because it looked so bad with the final CEO going to work for Walgreens who bought the pharmacy side for almost nothing and an ex CEO getting the staffing side for almost nothing that what happened was so bad that is MUST be part of a restructuring plan that would come back into this registrant to make things right with shareholders and the remaining creditors. I mean, how could you have so much nepotism draining the company of its assets without a plan to make things right and get away with it? Of course, it is becoming more apparent now that these people entrusted with the feduciary responsibilities to do what was in the best interest of the company and stockholders may have just walked off with cushy new jobs and all the companies assets leaving all the stockholders and creditors to suffer. Ultimately, that is the situation you have walked into here at Arcadia Rene in a nutshell.

[Renee]

Investor2004: I have written posts on this board that address all of your questions and implications. Possibly your questions would be better served by asking Arcadia Resources Inc. why such a viable company would be over 3 years derelict in filing Financials which is THE primary obligation for SEC Registrant Issuers. The company is the only authoritative source to answer for their actions, and regarding Financials obligations, lack of actions.

Has contact been made with Arcadia or have they declined to reply? Has the company been asked why they did not file a FORM 15 to deregister their stock so that they would never be at risk of an SEC Suspension and in the predicament they are in now? Surely the company would know that an ultra-simple FORM 15 would have allowed KADR to trade on the OTC as a non-Registrant stock, just like the thousands of other non-Registrant, non-filing stocks on the OTC, f.k.a. Pink Sheets. So.....WHY DIDN'T THEY??????????????????????????

Arcadia will transcend to a private company once they cease to be a public company upon stock registration revocation. That is NOT MY FAULT!!!

Your request for comparisons are found in the following 1201 stocks that were revoked for Financials Delinquencies. Look under the following heading: Suspended SEC Filers sent to the Grey Sheets and then revoked: Research as many as it takes to understand the encompassing magnitude of stock registration revocation. Read the I-HUB message boards of the higher profile stocks.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107537162

[investor2004]

"Regardless to what Arcadia may or may not do after the KADR stock is revoked the KADR shareholders no longer have any stake in the company, unless shareholders decided to sue. *** I wrote a post about that a few weeks ago."

How is this possible Rene? How can the SEC take away equity(property) from shareholders(causing a tort or harm to them) without a chapter 7 or 11 or disolution vote? I would like you to explain this because it does not make sense without going through the courts. If this is the case then who owns the proprietary rights and any contract rights, patent rights, copywrite rights, etc. the company holds without a disolution vote(yes, shareholders have to vote for this Rene in Nevada look it up right here http://corporations.uslegal.com/corporate-dissolution/nevada-corporate-dissolution-law/) or a chapter 11 or 7 officially giving all of the equity in the company to the creditors?

IMHO, if the stock is revoked, the stock would just become a cusip number I am guessing but that would just convert rights to a certain percentage of the company equity wise based on the share structure when revoked. How does this not make sense? How could this not be the case unless the SEC has the ability to take equity from shareholders just because a company is dark? I could be very wrong on this, but I will say on the other hand what you are saying about not having any stake at all if revoked really does not make sense and is implying that the SEC can take away shareholder ownership stake(property)in ANY CORPORATION just because it has not filed its reports. I will say it again, if this was the case legally I would assume there would be many companies doing this rather then buying back shares or other ways of going private and removing shareholders eqity.

So, the bottom line Rene, if this is the case, please give examples of other companies or situations where this has happened since I know you are an expert on revocations? Not shell companies that never had a value or operations or were a scam or ones that were being pursued for fraud or something by the SEC. We want to see ones like this one that had patents and other proprietary rights and many subsidiary rights and tentacles whose value is to be determined at this point and was a 100m a year revenue company right before this happened.

If you can not come up with a viable comparision then we need to stick to what you think MAY happen not acting like you know it all and telling us unequivically what will happen. There are so many different scenarios with companies and legal technicalities that when you start just grouping all of them together like you are doing thinking you know exactly what is going to happen here as an end you are being hasty even if you do end up being right in the end.

I myself know I do not know what will happen for sure and am humble about that. You, on the other hand, seem a little to sure of the outcome. I know you are very very good at suspensions and revocations and understand and study those and grey market stocks. But, one question I would have is where do you benefit from all this work you do on here Rene? I would love to hear an answer to that question. Do you work for IHUB? I guess I am confused why you spend so much of your own personal time on all this and I do not think for peoples information is a valid answer considering IHUB is an investors board unless you work for IHUB. Also, do you own stock here? When did you buy it? Are you an investor in grey market stocks overall? I have owned KADR for about 2 to 2.5 years and have not sold any since I bought it. Just a question.

[StubbornSOB]

Renee, speaking of the debt......I think I read that the debt was owed to Jana Partners who happens to now own nearly 2% in Walgreens worth a $billion and has two seats on the board. Interesting, huh?

[StickyStock]

KADR may not exist but the private company could use the KADR shell to go public once again right? The unsecured debt that is still in the shell could be converted to equity in the new company. Insiders and shareholders could get shares in the new company. The reorg would also allow the new company to use the net operating losses for tax savings purposes.

[Renee]

The private company could buy all of the assets of Arcadia provided they were not chatteled by liens to creditors. An SEC stock revocation does not mean Arcadia cannot do business as a private company, but in my experience a public company that has its stock registration revoked usually closes because they can no longer use stock to fund operations or to enrich the insiders.

Regardless to what Arcadia may or may not do after the KADR stock is revoked the KADR shareholders no longer have any stake in the company, unless shareholders decided to sue. *** I wrote a post about that a few weeks ago.

KADR stock will not exist once the SEC A.L.J. revokes the stock registration.

[StickyStock]

What if the CEO of the private company still owned a lot of shares of the KADR shell? And bc of hippo laws in the medical industry the contracts for a non operating business were valid and therefore the private company wanted them? Does that make sense? Thank you for your posts. I appreciate it.

[Renee]

Technically yes, but any company wanting to acquire the KADR shell after revocation would also inherit all debts owed by Arcadia. No private company would want debt that wasn't theirs when they could simply register as a new stock with their own assets and any debts.

From the KADR SEC Admin Proceeding with red hilites by me:

2. Arcadia Resources, Inc. (“KADR”) (CIK No. 1071941) is a revoked Nevada corporation located in Indianapolis, Indiana with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). KADR is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended December 31, 2011, which reported a net loss of $15,762,000 for the prior nine months. As of September 16, 2014, the common stock of KADR was quoted on OTC Link, had nine market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).

http://www.sec.gov/litigation/admin/2014/34-73135.pdf

[StickyStock]

Anyone know what happened to Dailymed? Looks like Richardson left WAG

http://www.prnewswire.com/news-releases/mirixa-names-marvin-richardson-as-ceo-279135361.html

[StubbornSOB]

Yeah, that could be the case too....but for only 1,000 shares at a costs of a cheeseburger just do not add up. These brokers are getting paid nearly 6 digits and for $4 do not make any sense.

Any how, this shell is not in bankruptcy protection so i do not think its legal to just completely cancel the common stock ownerships. Just my opinions.

[StickyStock]

after it gets revoked

[StickyStock]

So if another private company were to acquire this shell they would have to file a new form 10 along with other guidelines? And file financial statements for the shell or the private company going back 2 years?

[Renee]

It could be two Brokers settling previously unsettled trades.

[StubbornSOB]

Ok but it costs money and time to trade a worthless stock like kadr. The time and grey market fee is worth more than the current share price. Any thought?

[Renee]

KADR has not yet been revoked by a final decision of the A.L.J....but revocation is imminent and then the stock will not trade thereafter.

[StubbornSOB]

Then why is there still 1,000 volume today?

[Renee]

October 30/14: Arcadia did not respond and was defaulted by the Admin Law Judge. When the Initial Decision becomes final KADR will be revoked.

http://www.sec.gov/alj/aljorders/2014/ap-1964.pdf

[Truehnstman1]

https://www.sec.gov/alj/aljorders/2014/ap-1946.pdf

[StickyStock]

I thought there was suppose to be a hearing on October 24th?

[StubbornSOB]

Volumes?

[dollarman1]

I guess they something we don't know..

[investor2004]

Agian, just for the record, lets drop it back down with a $20 trade...LOL Big money here! Why would anyone even bother selling at that price? Would be better off IMHO taking the write off and loss. D

[dollarman1]

It hurts but it's funny lol

[investor2004]

Just for the record, The Trade Was 3 cents!

297 shares sent this to .0001. That is a trade that totals 3 cents! Ya, THREE CENTS! If that does not stink of some type of manipulation to drop it with a non legitimate sale I dont know what would.

[dollarman1]

Grey market trades whooo

[dollarman1]

I'll settle $1.00 for a share
Kadr

[pray]

Okay my portfolio with KADR got my attention.

After this stock dropping 95% in my portfolio did they just RS it?

[Renee]

Okie dokie, Investor2004. I came to this board to address any questions about KADR's SEC Suspension since I am the sole I-Hubber who undertakes that task, having posted over 2,000 SEC suspensions and over 1,200 revocations. Note that I created a board for SEC Suspensions and Revocations, and my singular objective is to impart whatever knowledge I have learned. FYI, I do not trade delinquent SEC Filer stocks or any non-reporting stocks, and definitely no Grey Market stocks.

So, take my posts for whatever they're worth and this will be my last post on this board until I post the SEC Admin Law Judge revocation of KADR.

Toodles.

http://investorshub.advfn.com/SEC-Suspensions-&-Revocations-25334/

[investor2004]

"Securities Laws separate public shareholders from the company so that public shareholders can never be held responsible for the company's actions, and neither can they demand anything from the company if the stock is either revoked or cancelled if there is a bankruptcy."

So, IMHO, you can not separate equity unless BK even if it does become a private company. And, Scorp and LLC(LIMITED LIABILITY corporation) that are private company structures that have the "corporate veil" that protects these stockholders from being pursued for debts within the company. So, not sure what you are saying about all of a sudden those stockholders becoming liable. Especially considering a revoked public stock situation. The cusip you refer to still deliniates equity ownership unless the stock is canceled in A BK.

If what you are saying was true, then you would have companies left and right that had great value stop reporting, get to a point where they were revoked so they then could just get rid of their equity holders and then reverse merge into a public shell and reissue all over again and take all that new capital generated. That just does not make logical sense from a moral or legal standpoint without a BK and would seem to be a slam dunk for a shareholder lawsuit if in fact the company ended up to have great worth hidden inside of it. You actually said it in your statement above.

Finally, one thing I will note is that IMHO as just a small joe schmo investor is that you are a TRUE EXPERT in trading grey market revoked stocks. And, Ihub is a venue for investors. So, I am guessing based on your 13 boards moderated and thousands of posts that you do not waste your time going on boards like Arcadia just to be nice. Ultimately, we are all here to make a buck. And I do not really understand why you would all of a sudden come here and do all this posting unless you in some way saw an opportunity or benefit to you personally in doing so as an investor. That is what Ihub is all about. Since you can no longer short a grey market stock I guess that really only leaves one other option with the tone of your posts.

[StubbornSOB]

Can I chime in Renee? Impo I ageeed Arcadia Resources don't give a rats ashe about public shareholders.

Why did they let Arcadia go into delinquent filing status? $imple to me. I believed they were doing lots of behind the scenes and wanted to remain secretive. Don't believe me? google Arcadia Healthcare jobs and new health care delivery models. :)

[Renee]

You're absolutely right, Investor2004, that shareholders still own their stock equity upon stock revocation, but the stock then has a number assignment and not a ticker assignment.

Under Securities Laws public shareholders don't own an actual stake in the company except for their stock equity, which, when revoked has zero value. If the private company wanted to pay out shareholders there would be no Securities law stopping them from doing so, but they are not required to offer shareholders anything.

As a revoked stock the stock can never trade again unless there is a successful re-registration which I have presented in prior posts is a very difficult process, and because the stock can never trade again (unless there is a successful re-registration) the value of the stock is zero by virtue no Broker, no Market Maker, no agent of any kind can publicly trade that stock. If person A wanted to privately negotiate with person B to buy or sell a revoked stock there are no Securities laws forbidding that transaction, but logic suggests that no-one would want to buy a stock that they could never trade unless they could privately find a person C to buy their stock, and so on.

If shareholders were to retain an equity stake in the now private company the company would need to agree and offer to exchange the formerly public equity pro-rata into a private equity stake in the company, or a Court of Law via a lawsuit could order the company to do so. Lawsuits cost a lot of money and in the end the company could simply dissolve and start up as a new private entity. Once the stock is revoked the company has no further responsibilities to its former shareholders, but if the company had tangible assets shareholders could sue to obtain those assets. Again though, the now private company could simply make those assets disappear if they wanted to.

Also, since Arcadia Resources reported a net loss of over $15 million the former public shareholders are not responsible for that debt or loss, but if shareholders were given pro-rata equity in the private company those shareholders would then be responsible for those debts / losses. That's why the Securities Laws separate public shareholders from the company so that public shareholders can never be held responsible for the company's actions, and neither can they demand anything from the company if the stock is either revoked or cancelled if there is a bankruptcy.

So a question back to you. If Arcadia Resources cared so much for shareholders why the heck did they ignore or not satisfy the SEC Delinquency Letters and negotiate to bring their overdue Financials into compliance to avoid the SEC Suspension and 100% sure stock revocation?

Why was KADR delinquent in their filing obligations for 3 years?

From the SEC Admin Proceeding " 2. Arcadia Resources, Inc. (“KADR”) (CIK No. 1071941) is a revoked Nevadacorporation located in Indianapolis, Indiana with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). KADR is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended December 31, 2011, which reported a net loss of $15,762,000 for the prior nine months. As of September 16, 2014, the common stock of KADR was quoted on OTC Link, had nine market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3). "

"7. As discussed in more detail above, all of the Respondents are delinquent in their periodic filings with the Commission, have repeatedly failed to meet their obligations to file timely periodic reports, and failed to heed delinquency letters sent to them by the Division of Corporation Finance requesting compliance with their periodic filing obligations or, through their failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letters."