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Lol that's the same exact stuff we read from the 8-k. Reminds me of writing papers for classes where you just re-phrase things ever so slightly so that you don't get a zero for plagiarism.
Some people don't accept the idea of beating everyone else to the party, they'd rather see the price go up then buy higher. Thanks again for all your work man. Wonder if we will see action before April 1st...
Do you see them continuing this no-CEO position thing for long? The more I thought about that the sillier it seemed. Zeller is the obvious choice, the CFO should stay CFO.
Pretty certain they were at ~3500 jobs a week ago and now they are at 2859 with a bunch (2 and 3/4 pages worth) posted 3/19. Likely that a lot of these jobs are getting filled. It's extremely tough and competitive to get a job right now and Arcadia is BEGGING people to come and work for them. It's awesome that we are a part of this.
Well if he's paid to do it then I guess it makes sense. I just can't believe he comes on at all times of the day but it does seem like yahoo message boards are the only place he wanders around. He posted a link to something from here but I've never seen him post here? Hope I didn't give him any ideas
thats how all the recent "longs" have been. buy in then flame us if it doesn't work out. idk about you but im not going to spend my time trying to help people like that. all i go on those boards to do is look and see if you, justin, steve, anotherboat, susan or someone i actually enjoy reading posts from or discussing with has posted. zoom can eat them up these last 2 weeks or however long it takes for all i care.
Yahoo board is so brutal dude. I ask myself every day why I'm bothering trying to convince these people away from zoom's bashing that this is really happening. Then they fight us back and ask us more questions and that one guy even said we have karma heading our way if this doesn't work out the way we want it. Give me a freakin break
Nice I was just wondering why you would be satisfied with 500k all of a sudden if you had 3x that recently. Especially when we're about to get to the money
didn't you say before that you had a million and a half?
My opinion is that everything had to be finalized before he resigned and took his new position. Or at least everything that the CEO is needed for which is likely a majority of the issues being as that is the most important position with the company. I think we are very close to the resulting outcome, maybe even find out tomorrow morning with a PR.
NEWS -
Form 8-K for ARCADIA RESOURCES, INC
19-Mar-2012
Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Marvin R. Richardson, President & CEO and a director of Arcadia Resources, Inc. (the "Company"), resigned as President & CEO and a director of the Company effective March 16, 2012 to accept employment with Medication Adherence Solutions, LLC ("MAS").
On February 17, 2012, MAS purchased substantially all of the assets of the Company's Pharmacy segment. In connection with this transaction, the Company and MAS entered into a Management Services Agreement. As reported on the Company's Current Report on Form 8-K dated December 6, 2011, the Management Services Agreement automatically terminates when Mr. Richardson is no longer employed by the Company and he becomes employed by MAS. Mr. Richardson's resignation from the Company and employment by MAS resulted in a termination of the Management Services Agreement.
The Company's Board of Directors has determined not to fill the position of President & CEO at this time. Steven L. Zeller, Chief Operating Officer and General Counsel, and Matthew R. Middendorf, Chief Financial Officer, Treasurer and Secretary, will jointly manage the Company effective immediately.
The Board of Directors has elected Mr. Zeller and Mr. Middendorf to the Company's Board of Directors effective immediately.
As previously reported, prior to April 4, 2011, Mr. Zeller had a beneficial ownership interest in an affiliated agency and thereby had an interest in the affiliate's transactions with the Company, including the payments of commissions to the affiliate based on a specified percentage of gross margin. The terms of these transactions were consistent with the affiliate agreement, which was entered into on August 13, 2006, prior to the time Mr. Zeller became an executive officer of the Company. Commissions totaled $194,000 and $598,000 for the three- and nine-month periods ended December 31, 2010, respectively. On April 4, 2011, the Company purchased substantially all of the assets of the affiliate and the affiliate's interest in its affiliate agreement as required by the affiliate agreement for total consideration of $890,000 pursuant to the purchase price formula contained in the affiliate agreement. Of the purchase price, $297,000 was paid in cash at the closing and the Company entered into a promissory note for the remaining $593,000. The Company incurred interest expense related to the debt in the amount of $15,000 and $45,000 during the three- and nine-month periods ended December 31, 2011, respectively.
I agree 100%. This is why research and logic is so important with stocks. It gives you such a big edge over those that just look at and analyze charts and "technicals" I personally have never bought into that stuff but also don't understand that aspect so I can't say it has no value.
They have not done anything illegal up to this point as far as we know and that would be illegal insider information to give them the heads up before releasing the information to the public. These guys (Arcadia execs) don't seem like the Enron type that don't mind going to jail for money. I still think they will do things the right way.
Maybe I have become so accustomed to the lack of news from the company that I wouldn't be surprised if they didn't even announce something as major as this until they were due for a required filing. Once everything is inked though I don't see why they wouldn't want to immediately make it public mainly because 2 of their creditors have most/all of their debt in common stock.
Do you think they necessarily have to release a PR about re-financing/no BK before/on/soon after April 1 maturity date? Or could they just wait until next quarter's earnings are due and we'd have to assume?
Justin, I think you can be living proof that lightning can strike the same place twice soon. This seems like a done deal
How did they come up with those numbers then other than their stock, properties/utilities and other physical property?
Yeah somewhat although in this case the numbers still don't exactly make sense to me. Is there a specific period of time that the future cash flows represented with the impairment # pertains to?
The net income # you came up with in the other post seems very reasonable and I'm honestly not surprised at all. The services segment has kept them going this far, and if it ain't broke don't fix it (just expand it). The DailyMed was what was not working how they wanted it, so that was the piece that had to be sold off. The margins for the services segment are great and if they can continue to expand nationwide it will be even more $$ at the bottom line.
Also if you wouldn't mind could you try and explain the impairment and goodwill items in the recent filing? I will admit I wasn't the best at accounting when I took it a couple years ago and goodwill was a concept I never fully understood. My first instinct is that despite it being as of 12/31 they would not have bothered with this stuff unless they were really committing to going forward with trying to get this deal done in the future.
I agree that we are very close to profitability. The debt to Comerica will be paid back over time so it's not like that will hold us down while our operations are improving and revenue is increasing. I honestly think we are set up for profitability right away, maybe not this next quarter but I could definitely see the next quarter after as a possibility. I think that helps our stock price in the short term considering stocks generally trade at future value and on hype. As soon as Vicis, Jana, KADR mgt or whoever is holding us back cuts the restraints there's no telling where we will go. I don't really have an estimate but I must say that .2-.3 near term (assuming re-finance) sounds very realistic and even seems like a lower end result. I also don't buy into the statement that no institutions or hedge funds buy into penny stocks.
Any idea what happened to this board today? This thing was absolutely dead today after 100+ posts yesterday. Either the fact that it's Friday or people were just looking for a hit and run and got discouraged by the drop today and yesterday?
Could care less about the short term price action before news just think it's bizarre that they are so adamant about keeping this at or below a penny. Wonder what the significance is.
Confusing action... makes me wonder if they are purposefully only filling orders at or below the bid to drive the pps down and to drive out some of the less confident holders that bought in the last couple days
I think something with the deal isn't final yet otherwise they'd excitedly announce it and watch the stock jump. I agree that it's incredible that with 15 mill volume in 2 days the stock price has hardly shifted at all but if we are indeed up against 2 large investment funds and whoever else sneaky, slimy KADR execs hired that have potential hundreds of millions of dollars on the line we are severely outmatched and they are not going to let us possibly fk this up for them. It's also highly possible that they are accumulating during all of this themselves with the large volume compared to when this was making the recent pre 10-Q run from 0.016 to 0.06.
If people are too impatient to chill out and wait a couple weeks for a potential small (or large) fortune will u shed a tear for them? Because these cheeks will be dry
Lol these guys are no match for Vicis, Jana & KADR
Sticky is your yahoo MB account associated with a @yahoo e-mail? If so I sent you a message to that since I don't have access for PMs on here
That's awesome man. It's tough to tell what is really going on with the volume today. I was already confident in a re-finance given common and business logic/sense, the huge rise in job postings this year, etc but your find and analysis with your accounting background and experience of the comerica 10-k was pretty much the icing on the cake like you said. It's fun watching the volume and price jumps today but you're right this is nothing compared to what will likely happen in the near future.
Haha you know I'm lovin it bro. You get more too?
Yeah today is shaping up to be a monster day. Picked up as much as I could yesterday and this morning. Lets gooooo
Back to 35 pages now after showing 85 yesterday
Read the DD and recent posts. KADR needs this low pps for a reason. Don't be alarmed or discouraged if it stays at this level until news announcement next month. All about patience and DD
Dude it isn't even about that run up a few pennies for a good flip. It's way bigger than that. I thought you have been following the story as you're a mod for this board?
Good to see the interest level and volume back up. Appears to be going according to plan with the pps staying around where it is until the announcement.
Wow I can't believe I didn't think more along the lines of your 2nd point there. You are so right about that. Haha maybe these guys really are smart after all.
I am now seeing 85 pages, up from the 84 you made me aware of earlier today. They have too many jobs to post right now they don't want to overwhelm us posting them all at the same time! Plus some might be being taken down as they are filled. There are so many people looking for a job right now, as word gets out I don't think they will have much trouble filling these openings.
Thanks justin and I agree. The other day I was up until like 4 in the morning with all of this stuff running through my head and linking together the whole "everything happens for a reason" logic. I totally believe this can happen and it's great that you are living proof that it can happen because you've experienced it. What pps did you end up selling at in that one (just curious) or have you still not sold? I am totally down with sticking around with this stock for the reasons you mentioned but I will probably have to take some off the table sooner than I'd like to because I do think this thing could and will likely take several months and maybe years to get to its true potential. I don't think there is anything wrong with that either and it's not being pessimistic it's being realistic.
I can't get over how incredible this opportunity is for the everyday average Joe (funny because my name is Joe and I am here in this situation). These prices are allowing people to seemingly become millionaires for just thousands of dollars. It's seriously unheard of. The thought of "it's too good to be true" as crossed my mind hundreds of times but I mean we see the facts, numbers, etc and have made sense of it. If only I wasn't a broke college student I could afford more than the 100k shares I have.
I don't blame Steve for anyone selling. The 10-Q is what made people sell and I lost a ton of hope that day myself and thought I was fooled, brainwashed, etc. People lost a ton of money that day if they hadn't already. Money fks with peoples' heads big time. But the facts haven't changed and that is what counts in the long run, not the current share price.
Haha you finally met your match! Take a breather man. Everyone is entitled to their own opinion and nobody really knows one way or the other yet so you can't really say he is wrong just yet. The dude has guts man and he is on our team. He has held on and has been positive pretty much the entire time since 0.10-0.15 I don't think I could have done that.
Nice I see all the pages too. Again, I'm not celebrating until we know for sure. Hope for the best, plan for the worst