Technically yes, but any company wanting to acquire the KADR shell after revocation would also inherit all debts owed by Arcadia. No private company would want debt that wasn't theirs when they could simply register as a new stock with their own assets and any debts.
From the KADR SEC Admin Proceeding with red hilites by me:
2. Arcadia Resources, Inc. (“KADR”) (CIK No. 1071941) is a revoked Nevada corporation located in Indianapolis, Indiana with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). KADR is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended December 31, 2011, which reported a net loss of $15,762,000 for the prior nine months. As of September 16, 2014, the common stock of KADR was quoted on OTC Link, had nine market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
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