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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.
No you and Nuubie are wrong:
http://www.reuters.com/finance/stocks/overview?symbol=ACDI.F
ACDI was the symbol for the Frankfurt exchange which Jana had to sell when Arcadia delisted from the AMEX and was no longer permitted on the Frankfurt exchange. An advantage of being on the AMEX is the opportunity to be on international exchanges. When you VOLUNTARILY delist, the shares on the international exchanges are sold.
Jana still owns 13% (25 mill) of Arcadia common stock while on the pink. Period. Move the discussion on to something else. Old news.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74194940
don't worry i already reported you for your lies.
"The company voluntarily delisted from the American Stock Exchange Sept. 6."
http://www.staffingindustry.com/site/Research-Publications/Daily-News/Arcadia-May-Keep-Staffing-Business
I am reporting you for blatantly lying
find me a link that Jana filed a form 4 like Vicis did that said they sold some shares. Oh wait, there is none bc Jana is still holding 25 million shares!
" Companies listed on the pink sheets are not required to file with the Securities and Exchange Commission (SEC) and are thus not as publicly scrutinized or regulated as the stocks represented on the New York Stock Exchange and the Nasdaq. "
http://wire.kapitall.com/investing-101/investopedia-the-lowdown-on-penny-stocks/
which is the whole reason KADR VOLUNTARILY delisted in the first place.
why you workin this stock so hard anyway? Boss tell you to do so?
again for the 3rd time today. Jana doesn't have to report its pink stocks and would have been required to file a form 4 just like Vicis when they sold to get to 9.99%
If you are going to post DD and links, post all of it! Not snapshots in order to manipulate investors. If you do this again I will report you to IHUB.
Nice red highlighting but go back and re read your sec link you just posted and pay special attention to this line... I will highlight the important words for you in red
"The aggregate market value of the Common Stock held by non-affiliates of the Registrant as of September 30, 2010 based on $0.40 per share (the last reported sale price of our Common Stock quoted on the NYSE Amex Exchange), was approximately $41 million. For purposes of this computation only, all executive officers, directors and 10% beneficial owners of the Registrant are assumed to be affiliates. This determination of affiliate status is not necessarily a determination for other purposes."
are you done yet?
again dont have to while on the pink. when they are back on amex soon they will.
don't have to report while kadr is on the pink but nice try. your game has been sniffed out. you are done
you should really go away now... you have lost all credability... pg 22 of last 10q filed feb 21
http://ih.advfn.com/p.php?pid=nmona&article=51281698
"On December 31, 2011, the Company had an outstanding balance of $20,905,000 related to a note payable with JANA dated March 25, 2009. JANA held approximately 13% of the outstanding shares of Company common stock on December 31, 2011. The Company incurred interest expense relating to the debt due JANA in the amounts of $514,000 and $466,000 during the three month periods ended December 31, 2011 and 2010, respectively, and $1,499,000 and $1,300,000 for the nine month periods ended December 31, 2011 and 2010, respectively. See “Note 7 – Long-term Obligations” for additional information pertaining to the balances of these debt instruments.
On December 31, 2011, the Company had an outstanding balance of $7,735,000 related to a note payable with Vicis Capital Master Fund dated March 25, 2009. Vicis held approximately 12% of the outstanding shares of Company common stock on December 31, 2011. The Company incurred interest expense relating to the debt in the amount of $190,000 and $172,000 during the three month periods ended December 31, 2011 and 2010, respectively, and $555,000 and $503,000 for the nine month periods ended December 31, 2011 and 2010, respectively. See “Note 7 – Long-term Obligations” for additional information pertaining to the balances of this debt instrument."
Anyone concerned about the warrants?
I hope so too this stock is nuts
GReat DD on this board thxs