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Arcadia Resources, Inc. Message Board

  • marketrunner75 marketrunner75 May 4, 2012 12:52 PM Flag

    Arcadia Services Posted on FB

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    • Nice shell game isn't it? People need to read the entire 8-k again. All of the shares were pledged to Comerica. Comerica gave them up to the private company (they stole their shares, stockholders are lower on the food chain). The directors hold no stake in the private company. They are in the same boat as stockholders are.

      The "stock transfer" is nothing but a part of the process. When the stock transfer is complete. Stockholders have nothing. They have from now, until the transfer is complete to sell their shares and save what money they can.

      Until the transfer is complete, can the stock still be traded? Yes. Until the transfer is complete, can the pps still go up and down? Yes. How long does the transfer take? 5-10 business days after the paperwork is submitted. When will they submit the paperwork? ??????????????????????

    • scoobydoodoo11@ymail.com scoobydoodoo11 May 4, 2012 4:17 PM Flag

      It's all right here from the forbearance 8-k

      Arcadia Services, Inc. (“ASI”) and four of its wholly-owned subsidiaries (the “Services Borrowers”) are parties to an Amended and Restated Credit Agreement dated July 13, 2009, as subsequently amended on June 9, 2010 and October 31, 2010 (the “Comerica Credit Agreement”). The repayment of the debt under the Comerica Credit Agreement is guaranteed by RKDA, Inc., ASI’s parent company (“RKDA”). RKDA is a wholly-owned subsidiary of Arcadia Resources, Inc. (the “Registrant” or “Company”). Comerica Bank has a security interest in all of the assets of the Services Borrowers and RKDA has pledged the outstanding capital stock of ASI as further security under the Comerica Credit Agreement (such security interest and pledge collectively the “Collateral”). The obligations under the Comerica Credit Agreement matured on April 1, 2012.


      I missed the bit about RKDA, Inc. as the direct sub of ARI. Note the term "Outstanding capital stock of ASI"

      Now where's my Scooby snack?

    • scoobydoodoo11@ymail.com scoobydoodoo11 May 4, 2012 4:12 PM Flag

      There are all sorts of legal reasons/tax reasons, including the relevant one: a bank might be willing to extend a line of credit to a sleepy little homecare company, but might be less willing to extend it to an unproved pharmacy that's losing money hand over fist.

      They could have simply had ASI be an operating division of ARI, but it was a separate company, owned and operated by ARI. Them's the breaks, kid.

      Zooooo - er, I mean Now where's my Scooby snack?

    • Why would ASI have needed stock if they were a subsidiary of a public company? If someone was to want to invest in ASI they would've had to invest in ARI because that was the only option to invest in. Yet now they had their own separate stock and separate investors this whole time?

    • Your scooby snack is in the "kitty liter"!

    • scoobydoodoo11@ymail.com scoobydoodoo11 May 4, 2012 3:56 PM Flag

      ASI was a wholly owned subsidiary of ARI. Think of ASI as a private company, with all the stock held by a public company.

      Now ASI is a private company with all the stock held by another company (AHI).

      What are ARI stockholders left holding? THE BAG

      Now where's my Scooby snack?

    • Aah well susan said a lot of things.
      She is not an honest investor...

    • Try clicking in arcadia holding and see what comes up... the ticker symbol redirects to kadr. I dont know if this means anything, but if there is a new entity and that is the name i find it odd that it directs to this stock instead of a new one.

    • How does/did ASI have separate stock from Arcadia Resources?

    • bkccpham@sbcglobal.net bkccpham May 4, 2012 3:50 PM Flag

      i'm not selling either, at this point i'm also want to get in on a law suit.

    • View More Messages
 
KADR
0.00130.0000(0.00%)Jul 31 11:11 AMEDT

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