Arcadia Resources Inc fka KADR

[Renee]

The private company could buy all of the assets of Arcadia provided they were not chatteled by liens to creditors. An SEC stock revocation does not mean Arcadia cannot do business as a private company, but in my experience a public company that has its stock registration revoked usually closes because they can no longer use stock to fund operations or to enrich the insiders.

Regardless to what Arcadia may or may not do after the KADR stock is revoked the KADR shareholders no longer have any stake in the company, unless shareholders decided to sue. *** I wrote a post about that a few weeks ago.

KADR stock will not exist once the SEC A.L.J. revokes the stock registration.