Home > Boards > US OTC > Delisted > Arcadia Resources, Inc. (fka KADR)

The reason why Jana's shares suddenly "vanished" is

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (3) | Next 10 | Previous | Next
DoUrOwnDD Member Profile
Followed By 0
Posts 18
Boards Moderated 0
Alias Born 04/02/12
160x600 placeholder
U.S. Stocks End Flat After Seesaw Session Amid Oil Slide
Bank stocks crumble and tech rally loses steam U.S. stocks finished Tuesday's volatile session little changed as a rally in materials...
Top Equities Stories Of The Day
Sumner Redstone Cut Former Companion From Will, Depriving Her of $70 Million
CFPB Presses Banks, Credit Unions to Offer 'Small-Dollar Loans'
Star Wars' Is the Force Behind Strong Hasbro Sales -- Update
Charter Communications Loss Widens on Merger Costs
Merck Posts Lower Revenue and Profit -- 2nd Update
Coke Results Top Expectations on Volume, Pricing Growth--Update
Ex-J.P. Morgan Executive Fined $1 Million Over London Whale Trades -- Update
Redbox Movie Rentals Plunge 24%
DoUrOwnDD   Tuesday, 04/10/12 07:53:39 PM
Re: None
Post # of 3734 
The reason why Jana's shares suddenly "vanished" is because all of their 25.2 million in stock must be in the form of options and warrants. And because all the options and warrants are "out of the money" then they are basically worthless at this point in time and have been since late 2010. That is why you don't see them in any Jana filings since 2010 (because they are not "in the money"). So since Jana can't exercise them, they can't have a value in the holdings reports (all the 13 forms nubs keeps complaining about).

That is also why all these websites say Jana "sold" all their shares because they have a bunch of computer programs that look at the previous filing compared to the current filing and see what is different. However, the computer program can't recognize options and warrants that are "out of the money" so it assumes that those shares were just sold.

This also explains why the 10-q states Jana still owns 13% of shares. Jana owns the shares, but just can't exercise them until the options are "in the money".

See Sticks post that discusses the equity structure in those last 2 paragraphs. It caught my eye earlier and then with this Vicis filing I took a deeper dive into it. For all we know Vicis might just be converting their regular common stock shares to "out of the money" options and warrants. They won't have to recognize those shares because they are considered "out of the money" while making all of us thinking that they are saying. These are very smart investors. They know how to work and manipulate the system to minimize risk and maximize gains.

Another advantage of being on the Pink is that KADR does not have to discuss who owns WHAT kind of stock, they just have to report who owns HOW MUCH stock.

Hope this helps. I believe we have a real gem here. Congrats to whoever found this. I hope you are still around.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (3) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist