Replies to post #2992 on Arcadia Resources Inc fka KADR

[nuubie]

In the EX-10.1 8-K filing dated 3/31/09 signed by Marvin Richardson KADR's CEO at the time stated:

"LSP Partners, LP, a limited partnership organized and existing under the laws of the State of Florida, whose principal place of business is located at 10398 Gold Leaf Drive, Boynton Beach, FL 33437 (“LSP”).

It is very relevant to the discussion as proven by the lack of LSP Partners, LP's registration with the Florida Department Of Corporations then on March 25, 2009 when the Master Agreement was signed all the way to the present date of April 29, 2012. The above highlighted quote by Richarson says they were "organized and existing under the laws of the State of Florida" and it has been proven they are/were not.

Matter of factly, Aaron Lehmann the alleged "General Partner" of LSP Partners was legally listed in the Florida data base as "Goldleaf Research Consultants LLC" which he voluntarily dissolved on 12/15/09 due his quote via Florida Department Of State records "insufficient business to justify the maintenance of the LLC".

Also JANA's Marc Elliot Lehmann appears to be a relative of Aaron Lehmann:

To JANA: c/o JANA Partners LLC
767 Fifth Avenue, 8th Floor
New York, New York 10153
Attn: Marc Lehmann, Partner
Fax No. [phone]

To Vicis: 445 Park Avenue, 16th Floor
New York, New York 10022
Attn: Keith Hughes
Fax No. [phone]

To LSP: 10398 Gold Leaf Drive
Boynton Beach, Florida 33437
Attn: Aaron Lehmann
Title: General Partner
Fax No. _________
http://www.sec.gov/Archives/edgar/data/1071941/000095015209003343/k47646exv10w1.htm

LEHMANN, AARON S 72 Boynton Beach, FL
Teaneck, NJ
Delray Beach, FL
West Hartford, CT
College Park, MD

LEHMANN, MARC ELLIOT
http://web.public-records-now.com/people/aaron+lehmann/boynton+beach/FL

Under the table shenanigans going on here? How was Aaron Lehmann able to come up with $1,000,000 to loan to KADR when his official business at the time had "insufficient business to justify the maintenace of the LLC"

[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?