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I can't tell you what to do but I honestly think you're wasting your time with that MB. Even if they are copying your name and trying to use your credibility to their advantage. Worst case scenario newbies come to the board and are dissuaded and don't do their own DD and miss out if this thing takes off. I don't think that's our fault. We have done our part to get our potential reward. We have made all of our knowledge and opinions public on these boards and we don't have to continue to sell people on this when it doesn't really do us any good. They don't have to go back far to read up on the story we may have uncovered. We have better stuff to do than just police the boards and try to fight these clowns on a daily or even hourly basis. Let steve fend them off, he can take them lol
Idk but that message board gives me a f'ing headache. It's not even amusing to me anymore. I am siding with Sticky and not really listening to steve anymore. He is basically beating a dead horse as far as I'm concerned and has been for a while. The people that already have shares are stuck and are confident going into April and have no intentions of selling. Only decisions left before April are how much more to risk with accumulating/averaging down, and if you want to take some off the table if the pps does happen to go up some in anticipation of positive news closer to April like what happened with the 10-Q extension. I know it's bad to stop doing research but I honestly think we've exhausted everything at this point after Sticky found that info in Comerica's 10-K.
Yeah I was looking at that earlier but it looks really outdated. Probably just because of the nature of KADR being OTC. Maybe none of these have changed except for Vicis which does appear to be up to date? I have never used this site except for when I went to it through justin's link so I don't know how credible and accurate the info is but when I googled Vicis Capital holdings this site was one of the top results so maybe that says something.
So do you think the site got confused at the delisting/ticker change and took that as all the shares being sold? I agree with your assumptions about how much they likely have given the ownership % listed in the 10-Q it's just odd not seeing their shares accounted for on any of these sites. Just goes to show how dark this operation really is.
Is there any recent documentation of Jana's shares/equity in KADR? Steve posted this link on Yahoo MB:
http://www.valueinvestorwatch.com/OwnHist.aspx?sID=2028&fID=179
Which says that Jana no longer has its 25 mill+ shares as of 9/30/11. However, if you look at Vicis' 12/31 filing via
http://www.j3sg.com/Reports/Stock-Insider/Generate-Institution-Portfolio.php?institutionid=5595&DV=yes
their 28 mill shares were sold, but the Vicis Capital Master Fund has 19-20 mill "indirect" shares after its most recent sell in Feb. according to
http://www.j3sg.com/Reports/Stock-Insider/GenerateFiler.php?filerCik=0001365954&pageNumber=1&descending=1&sortBy=PeriodOfReport
On second thought this may be a bad idea. If it was confirmed to be Arcadia that would put us in jeopardy of the pps running and Comerica changing their minds like you said before the deadline. I would also think they agreed to not disclose any information about it, hence it not saying in the filing. Lastly if someone did tell you it's Arcadia's debt you (and them, and perhaps any holder on these message boards) could possibly be charged with insider trading and say that's why you don't sell your shares before April. I guess let's just wait it out and hope our DD/theories are right. Going to be a long 3 weeks lol
Do you think if we tried contacting Comerica they'd clarify whose debt that filing is referring to? Could claim you are interested in investing them but are concerned after reading about that re-structuring they are willing to give a company. Just make something up
Yeah man I am psyched. The date, amount and everything is just too much to be a coincidence. Thanks again for finding that! This will be the let down of the century if we still somehow get screwed in the end. I still can't help but keep my fingers crossed and not get my hopes up too much bc I've had to deal with a lot of disappointments in life the past 2-3 months but this would certainly make up for a lot of that. I hope it works out for everyone else's sake too. It's cool (and rare) that there's still a shot for the people who were stunned in the immediate aftermath of the 10-Q's harsh words and price drop to get in if they re-affirm their beliefs in these recent findings. I will admit that steve from the yahoo board really sold me on this stock to begin with along with justin and anotherboat but steve really does have some crazy and seemingly irrelevant theories and I think a lot of people took their anger out on him after they put their money in the stock and the current monetary value took a disgusting hit. I obviously wish I had held off too and bought a lot more now with that money but hindsight is 20-20 and for all we knew the 10-Q was going to say great things and send the stock off then so I can't feel too bad for myself or anyone else that jumped in as the pps went to 0.06.
Awesome find and analysis as usual man! And I am incredibly jealous of your share # even more-so now. You're right it is highly unlikely this is just a coincidence but we also don't know how many loans this bank gives out. Banks haven't really been giving out loans to small businesses in this recession though and it was probably even less likely to after their loan with Arcadia wasn't going very well. I don't know if we need to worry too much about the price going up too far if more people become aware, I think because Vicis and Jana (and other insiders) have way more to lose than anyone else they have this situation well under control and are going to keep this pps where they want it. If you recall recent days, people will buy throughout the day and the bid/ask doesn't usually chance unless it dropped earlier in the day. Plus people are still going to be extremely skeptical because of the pps, the 10-Q, etc and say it's too risky blah blah blah. Let us get the cheap shares and they can chase when things are spelled out more in front of their faces. April can't come soon enough!
Something that is interesting to me is that in the 10-Q it says that they would have to increase revenues etc to get re-financing and apparently with the pps getting knocked down to where it is before the April deadline due to your theory (which I think makes a lot of sense and makes me even more confident we're right here) it is pretty evident that Comerica has not agreed to anything yet (otherwise we likely would know by PR, filing or something else). But the strange thing is that Arcadia has gone ahead with all the hiring, new locations/affiliates, etc despite that. Do you think that Comerica laid out specific terms to what they have to do with the remaining funds ($1.5 mill or w/e and maybe more) in order to get them to agree to re-finance? That makes sense to me and I believe it would be extremely negligent to hire all of these people if it was even 50/50 that they could go bankrupt in April. I apologize if you or someone else has already thought about this or posted it.
It's tough to tell. The volume has been relatively small and I'd say the majority of it has been claimed by retail. Plus there's likely people who don't post but browse the boards and are buying in as well. I would think if they go back over 10% they'd still have to report. Although if getting around that rule were that easy I wouldn't be surprised because there are many rules that are that stupid and easy to bypass. Maybe they are getting ready to run it up in April and only want to have around a certain # of shares.
This is interesting.. I wonder when this page was created? I have never heard of this woman before but it claims she is the COO? Maybe some of the other longs like anotherboat or steve from the Yahoo MB have come across her name before. This also claims that their HQ is in Michigan. It's hard to know or keep up with what's going on with the company when they don't release anything to the public.
Ray, I'm glad to have you on my/our side. I am still confident and hopeful looking forward to April and beyond but not getting my hopes up just yet as the execs have given me no reason to. They seem to have no problem with screwing over their shareholders and any other equity holders at that. I think a telling sign that there is some serious manipulation going on is that this is at and even below 0.01 and is still a company in operation. There are plenty of companies with the same or more in debt, burning through cash or have no cash and trade for a lot more. This case just doesn't make sense.
Dude nice!!! Here is this guy on linkedin if anyone has a profile there.
http://www.linkedin.com/in/zinmaster1
I would def trust his opinion. Not sure if he was supposed to say what he said but like Jon said if you piss people off sometimes they will spill the beans.
I think this all makes sense it is just such an unconventional method and something I've never heard of. But then again I am in my early 20's so I am still pretty new to investing, company operations, etc. Something that seems strange to me is that they would allow retail investors to buy up millions of shares of their common stock and essentially become millionaires when this is all said and done. Usually companies and MMs want the majority of this money to themselves whereas in this case we stand to gain a lot.
Maybe inform Reuters, Business Wire or one of the typical news reporters you see linked to stock pages on Yahoo Finance and CNBC. It doesn't do much good to just tell us. We obviously can't fight off the manipulation but perhaps a larger interest could.
Yeah I don't get it either. It's almost as if they block PRs
I noticed that before with their first sell and considered that as a reason why they only sold ~700k. There are not many reasons for them to sell $4k worth of stock when they manage millions-billions of dollars/equity. Steve posted this on the Yahoo board and what's interesting is it no longer says 10% owner in parenthesis next to Vicis. Wonder if that is significant or a mistake by the site.
http://www.insider-monitor.com/trading/cik1071941.html
Hey man I can't get picture messages because my phone is that bad but could you send them to my e-mail? It's stingjms@yahoo.com. Thanks for even more DD and going to visit that loc while the rest of us are staring at the computer scratching our heads
Arcadia itself has 194 job postings via this site. The site NSLPN has that many total job postings
You too man, I would've added more shares just like you if I had the money to put on it but unfortunately it's tax time and I owe. I am very confident in the actual business model as far as I understand it and it is obvious the company is in operation and showing absolutely no signs of slowing down. I'm just puzzled by what is happening with the trading of the stock and who is wanting it this low and if there will indeed be value for us at the end of all this. I don't see why there shouldn't be.
Their latest 10-Q filing you can find it in a sticky post here by dk or on Yahoo Finance.
How though? The company's management discouraged people from buying the common shares and has yet to explain the hiring. How low can the pps actually go before the April deadline? It's already about to hit its lowest point again with a month to go.
It is tough to imagine but it is theoretically possible. I wonder if Arcadia's relationship with these creditors is different than it was with HD Smith. Looking back at some of the filings from last year, HD Smith began to "Trigger Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement" which really forced their hand in selling the DailyMed business and get them off their backs. As we know, Vicis has over 20M shares so they definitely stand to gain quite a bit if Arcadia's new business model proves to be profitable. Jana holds over 20 million shares as well. I do not see any transactions from the sticky thread that justin posted showing insider holdings of HD Smith ever owning any shares so this may be why they wanted to sever their credit with them so hastily.
Well the issue is the deadline is not for another month or so, so if that theory is correct they would want to keep the pps as low as possible until the deadline hits correct?
One theory that kind of makes sense to me was when someone said they purposefully dragged the share price down to make there less market value and thus less value for the creditors to take if they chose to liquidate all their assets. So basically to help force their hand to allow re-financing so that there will be significantly more value later once they expand and have more revenue coming in the stock price will thus be worth more and they would be foolish to liquidate at this price after already investing a lot of money and not giving them just a bit longer to create value and a return on their investment.
So there's people doing a good bit of buying i.e. exisnet here and susan from Yahoo board, but who is doing the repetitive 5k buys? This situation is so confusing. It's obvious the company is still in operation and even opening new locations and adding new features, however they never have any PR about any of it to boost awareness and the stock price. Being an OTC stock is no excuse, there are plenty of OTC and pink sheet listed companies that have plenty of PR that drives their stock price up and increases volume. Are they keeping the stock pps low intentionally? I'm one of those that is 100% sticking around until their re-financing deadline and believe the real value will be if we stick around for some profitable quarters with their service segment being their only focus. Just wanted to hear you guys' thoughts as the Yahoo board is a lot of noise and not much insight lately.
NiceDog, I agreed with your post and still do somewhat but that recent 10-Q was very shocking and a bit revealing that we could be dealing with some crooks here. Just because you are a highly respected company like Walgreens doesn't mean you do everything 100% ethically. This DailyMedRx + Marvin Richardson hiring may be still considered legal by their interpretations of the law and the SEC filing wordings. If I had as much on the line as anotherboat or another 1 million+ share holder I would be just as outraged, and even with my 70k shares I am still outraged as I thought those were about to be worth a decent bit, and don't blame him for pursuing legal action. Several retail investors own as many or more shares of the company as Marvin does so maybe he could care less about his shares not being worth much because he is likely used to it by now.