Replies to post #3228 on Arcadia Resources Inc fka KADR

[nuubie]

Arcadia Holdings II bought a portion of KADR's indebtedness and not the company Arcadia Resources Inc.:

The broker did say if bought out by private company usually they will go for a good price knowing if you do not get a decent price you can file lawsuit. Did also say they can give you nothing but that seldom happens because former shareholders will sue and here we do have reasons.

"On May 1, 2012, Comerica sold a portion of the Indebtedness to Arcadia Holdings II, Inc. (“AHI,” and the Indebtedness purchased by AHI the “Purchased Indebtedness”) and assigned to AHI all of Comerica’s security interest in and with respect to the Pledged Stock"

"AHI intended to foreclose on the security interest in the Pledged Stock."
http://www.sec.gov/Archives/edgar/data/1071941/000114036112022533/form8k.htm

[dkspartan1]

Was the person at ETrade



a professional, or just a general help operator? Did they know the specifics of the situation? They took into affect the fact that KADR is 33 million in debt? Which won't be repaid?

The whole RTM is a little ridiculous. Spinning off a private company so the debt can be discharged from the shell and then the shell buys back the private company once the debt is gone?