Arcadia Resources Inc fka KADR

[nuubie]

Not only does LSP Partners, LP appear to a bogus entity, but no record of a License with the Florida Office Of Financial Regulation seems to be on file either:

Verify a License

"To find out the licensing status of a particular individual or business, click on the appropriate link."
http://www.flofr.com/Consumer/Verify.aspx

All indications seem to point to Arcadia Rescources, Inc., accepted a $1,000,000 loan from an entity not legally registered with the Florida Department Of State Division Of Corporations but also unlicensed by the Florida Office Of Financial Regulation.

From the latest KADR 10-Q filing dated 2/21/2012:

Page 16-

"Note payable to LSP Partners, LP ("LSP") in the amount of $1.0 million, dated March 25, 2009 bearing an effective interest rate of 10% with unpaid accrued interest and principal due in full on April 1, 2012. Cash interest that would otherwise be payable on such quarterly interest payment dates may be added to the principal balance of the note payable at the Company's option. The note payable is unsecured."
http://www.sec.gov/Archives/edgar/data/1071941/000114036112009527/form10q.htm

I would think contacting the proper regulatory authorities would be proper at this point in time right?