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If I recall the purchase agreement stated specifically that wag purchased the assets but Kadr kept the member interests. That's at least how i interpreted it.
Bc u have no assets u are a shell and if you reverse merge you can claim tax benefits from all the net operating losses of the shell of certain criteria are met
That's what drove my interest here. At least that was the thinking over 2 years ago haha
Thanks for the honest reply. Guess we will just have to ride it out and see where it takes us. Kinda like Alice in Wonder Land at this point. Hopefully something good will happen in the end. Kinda seems like if there is going to be a move on the shell it will have to happen soon. Hope you are right about the member interests. That would make some sense why they bought it with a subsidiary. Sounds like you think they just bought the operation not the rights then or equity ownership?
I don't know what is going to happen. I just read that after 10 days the SEC usually puts you on the grey market which is not good. Eventually, the SEC can cancel the registration and your shares are gone from what I hear so I am really not too optimistic anymore
however, i also read that this market is where you go before you ipo. so to me i guess this is one good scenario
i thought that Jana still owned some shares of the shell, maybe they did maybe they dumped i dont know what happened since kadr no longer reports to anyone.
i believe that the shell still owns the member interests (the equity) of dailymed. that would be a reason for WAG to acquire the shell which would also acquire Jana's stock as well as the 30 million in liabilities which to me is a small amount of additional debt for wag to take on considering what dailymed had potential to make
there are also warrants that expire in 2015 which i thought jana had too if i recall but it has been awhile since i read the last Q or K that was reported
that would also get transferred as well.
just all seems a bit strange.
kadr still had 107 million shares it could have issued to pay its debt. I feel like when this stock was trading at 30 cents before it tanked they could have easily issued the remaining 107 million and restructured any remaining debt. I thought their margins were improving quarter over quarter with dailymed and the services segment was holding steady.
just dont really know what is going to happen. wish i could be more help for u
Hi Sticky, nice to see you. Thanks for the post. So, you think they will acquire the company in a gray market buyout directly with the existing holders? And, why would buying the shell affect the holdings Jana has in WAG? Also, what do you think is the value in the shell for them? What do you think still exists here they would want? Also, what do you think are chances of having something still good happening with this shell overall? Thanks up front for your observations Sticky.
They are suspended until Oct 2nd. Afterwards they will probably be on the grey market. Usually that is not good but this is also the market you ipo from. This happens at the same time Jana gets elected to wag BOD which is interesting to me. They also own 1 percent of wag and promise not to exceed 4.9 percent. I wonder if they acquire the Kadr shell what percentage that puts them at.
StickyStock, you still out there?
What is your take on this? Seems like you have been in this a long time.
Todays SEC Suspensions included Arcadia Resources Inc., ticker KADR:
http://www.sec.gov/litigation/suspensions/2014/34-73134.pdf
AGR Tools, Inc. (AGRT)
Arcadia Resources, Inc. (KADR)
Citizens First Bancorp, Inc. (CTZN)
First Capital International, Inc. (FCPN)
GreenTek Corp. (GRTK)
Metabolic Research, Inc. (MTBR)
I know that but how come AGR Tools, Inc. is listed in SEC website with today's date of September 18, 2014 but not Arcadia? I thought I saw the SEC letter includes Arcadia too? Is there a discrepancy?
The list of all SEC Suspensions is updated periodically, so the next revision will include ALL of the SEC Suspensions and revocations since the last revision.
The last revision on August 3rd:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104935976
The board that posts all Suspensions and revocations on a daily basis:
http://investorshub.advfn.com/SEC-Suspensions-&-Revocations-25334/
Hey Renee, your post listing all companies that are suspended didn't include Arcadia or am I missing it?
Thanks, Gotinearly!
Click her name and go to boards moderated in her profile or boards posted...
Gotinearly, how do you she is the moderator?
She is the moderator of the ihub suspensions page and has over 900 followers...
But what prompted you to post of here? Are you affiliated with Arcadia or SEC? Haven't seen you post here on ihub until now.
Just curious.
All SEC Suspensions occur at exactly 9:30 A.M. E.S.T. (ie., market open) and are filed on the SEC Trading Suspensions page. All persons can access that page 24X7.
http://www.sec.gov/litigation/suspensions.shtml
Renee, how were you able to obtain this latest SEC filing well before any old timer retail investors???
KADR SEC Suspension:
http://www.sec.gov/litigation/suspensions/2014/34-73134.pdf
Order:
http://www.sec.gov/litigation/suspensions/2014/34-73134-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2014/34-73135.pdf
IT'S AMAZING HOW PEOPLE ARE STILL BUYING AND SELLING AT THIS PATHETIC LEVEL. IS IT REALLY YOUR AVERAGE INVESTOR SELLING OR SOMEONE SOPHISTICATED??
What's been going on over here? Starting to do some DD... A/S Seems very small, I would assume the float is low as well 30-50 Mil? Looking at the chart seems very interesting... Volume is a little scary, but people say volume before price... can you give me any friendly help. Thanks
Interesting buying today. Big bid at .0016.
If they sold. Some decent sized bids in the trips with no one talking about it on the hub.
Can't say I know what's going on, but I'll keep holding till worthless and take the write off, or bail on a pop (Like all non-diluting pennies do over the years)
And lost a lot of money.
Now selling & buying below par value??
Keep pps at 0.0007. I might grab some
Maybe some buddy knows something.
In the past someone was buying everything under .002. Maybe it's the same person/group.
Yep almost 2 mill in volume last 2 days when it has been dead for awhile
Someone has been buying alot of shares at .001-.0011.
There has been no new dailymed news for wag in awhile. I find that interesting as well
Interesting morning
Whoever bought at 0.012 & 0.0025 and sold at 0.0010 is definitely making a HUGE profit (I'm being sarcastic). Lol!!!
Lots of volume. Wonder what is going on.
Interesting close
Sticky, was that you who bought 163K shares 5 min before market closed? Just curious
not that this means anything but...
http://www.arcadiahomecare.com/pdfs/press-release-arcadia-partners-with-alzbetter-2014-07-07.pdf
I wish I could get shares at 0.0012
Congrats to your buddies for picking them up
Largest dumping in a long time 92,000 shares at 0.0012. I like it!
Unfortunately, have to stronly disagree with the change in share structure with a 300 to 1 Reverse Split on the stock. I think in my opinion 60 cents would be very very low as an estimate because of a small outstanding even after they reissued some for their equity position. You realize that would take it to less then a million shares after the split right? So even if they issued 24 million shares to themselves that would give them 96% equity ownership. And, a market cap of, say 100m, would be $4 a share. I highly doubt they would go back to 196 million shares out with a 300 to 1 reverse split even though they are authorized for 300 million. They would save that for a rainy day or the future. But, who knows. Just hope some day something happens like that. But either way, the only way I see 60 cents is if they do not touch the share structure much at all if indeed it someday does by chance happen with a RM.
KentuckyOne is an example of why the health care delivery system needed an overhaul. Just too much healthcare providers milking the system. Maybe WAG has something under their sleeves to better manage health plans' unnecessary costs & waste.
The manipulation of the fancy doings with common stock
will eliminate the grace granted by the SEC on current well
established shell, and doesn't merit the risk when weighed
against Marve & John's current positions and good old American
greed.
On a side note, Kentucky One Health was holding a deficit
of $218 M only this past January when they went looking for new
dance partners.
http://www.courier-journal.com/story/money/2014/01/29/kentuckyone-health-ceo-says-everything-on-table-to-close-218-million-deficit/5039163/
If Wag looked at Kentucky and said, "Eh she's ugly but will dance cause she fits the future
plan" , they wouldn't even blink at Arcadia's current casino markers
$5 bucks would be sweet!! Lol
Worst case scenario: I would think its closer to 60 something cents per share after RS if you had 300,000 shares before the RS.
Elliot & Richardson could easily get new shares with their new asset contribution of ASI & DailyMedRx and all the prior holdings would just be extra bonus on top.
Ok, worst case scenario 300/1.....if you HAD 300,000 shares at the current price that would cost you about 600 bucks. 300,000 becomes 1000 and then maybe we go to 5 bucks a share if it is a really nice looking company so 600 bucks then becomes 5k? That is a really nice profit right? Problem is if Richardsson with his 3m shares(if I remember correctly) and Elliot(know it was alot more) had anything to say about this, they would not let it happen because they bought at much higher levels. JMHO.
Interesting
One health plan at a time.
Man, IF the were to ever RM, could be huge but maybe not for retail folks IMHO.
Possible 300/1 reverse split and then new shares issue to insiders....just guessing here.
Kentucky One on Mar 18th
CHE Trinity Health on May 25th
Arizona Priority Care on June 18th
Arcadia Healthcare ....
Well WAG The Dog....
Perhaps an alphabetical reverse, and a
Reverse Merger Chaser ?
That would make even the Riddler proud.
Tick, Tick , Tick...Big Brother is gathering the peeps....
http://news.walgreens.com/article_display.cfm?article_id=5874
????"With the move to drop its fees, don’t be surprised if the company announces light-speed growth in the near future."????
http://betaboston.com/news/2014/05/30/pillpack-gets-rid-of-20-subscription-fee/
I think RKDA is a 2nd tier wholly owned subsidiary and ASI is a 3rd tier wholly owned subsidiary of ARI. If I were to use an analogy, ARI would be the grand parents, RDKA would be like the dead beat parents, and ASI would be the grand child. Maybe this is the relationships.
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