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Arcadia Resources, Inc. Message Board

  • steve_vajs steve_vajs May 5, 2012 3:06 PM Flag

    ((THIS IS REAL IMPORTANT!))

    Before you decide to dump, please read this article ( no subscription required. Lol!). It's your money, you must know.

    Please comment if you see something unfavorable to us. Thanks.

    Bashers, do not comment!

    http://m.mcdonaldhopkins.com/alerts/alert.aspx?id=OQPBR82AFkO09f7pwuxmZQ

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    • Justin, thanks for the clarity.

      Awe!! Makes sense now! You are righ on the spot! Didnt think about that but it sure is. When WAG acquired DailyMedRx there was never any mentioned of DailyMedRx contracts with Arcadia going with WAG other than just stating WAG acquires DailyMedRx fotr $2 million with HD Smith forgiving the full $5 million. A light bulb switch came into mind justin. I also noticed that when Walgreens sold Walgreens Health Initiatives to CatalystsRx, there was very little financials involved given the amount of resources and sweats put into the POWER program kinda real similar to Walgreens acquiring DailyMedRx. Now Catalyts has merged with sxc with the intent that Walgreens will be included in their PBM network. Matter of fact, sxc ceo stated that it would be stupid not to have walgreens in their network...hahaha...Charles Goodall is VP at SXC now. Justin, I dont see anywhere that state clearly the contracts with the name Arcadia Resources DailyMedRx going to be served by Medication Adherence Solutions llc. All the DayMedRx contracts with TouchStone Health, Cleveland Clinics, Albertsons Supervalv, Comfort Keeper, State of Indiana, NC, Michigan, etc... would still be service by Arcadia unless there's something in the contracts that we dont know about.

      Again, thanks for pointing it out!

      Skylander, thanks for for your inputs. We should be good. They can't just killed the remaining shares and re-issue new ones for their people without following SEC rules for winding down a shell. The shares can't just evaporate into thin air. That would be grand theft and they know well not to go that way or else these nerds will sharing a cell with Madoff.

      One interesting note im finding...not sure how relevant. Seems like HD Smith is a supplier for Catalysts and catalystrx owns Walgreens Health Initiatives, inc. Maybe they are providing for all the PBM. Still interesting to note impo.

    • Justin, thanks for the clarity.

      Awe!! Makes sense now! You are righ on the spot! Didnt think about that but it sure is. When WAG acquired DailyMedRx there was never any mentioned of DailyMedRx contracts with Arcadia going with WAG other than just stating WAG acquires DailyMedRx fotr $2 million with HD Smith forgiving the full $5 million. A light bulb switch came into mind justin. I also noticed that when Walgreens sold Walgreens Health Initiatives to CatalystsRx, there was very little financials involved given the amount of resources and sweats put into the POWER program kinda real similar to Walgreens acquiring DailyMedRx. Now Catalyts has merged with sxc with the intent that Walgreens will be included in their PBM network. Matter of fact, sxc ceo stated that it would be stupid not to have walgreens in their network...hahaha...Charles Goodall is VP at SXC now. Justin, I dont see anywhere that state clearly the contracts with the name Arcadia Resources DailyMedRx going to be served by Medication Adherence Solutions llc. All the DayMedRx contracts with TouchStone Health, Cleveland Clinics, Albertsons Supervalv, Comfort Keeper, State of Indiana, NC, Michigan, etc... would still be service by Arcadia unless there's something in the contracts that we dont know about.

      Again, thanks for pointing it out!

      Skylander, thanks for for your inputs. We should be good. They can't just killed the remaining shares and re-issue new ones for their people without following SEC rules for winding down a shell. The shares can't just evaporate into thin air. That would be grand theft and they know well not to go that way or else these nerds will sharing a cell with Madoff.

    • One major advantage of a triangular merger is that as an entity, the operating business remains intact. Since Arcadia has valuable vendor numbers with customers, then they do not need to be changed. Bank accounts, employer identification numbers, NPIs and virtually all contracts(even leases) remain the same because only the ownership of the private company changes. Even “changeof-control” provisions in contracts generally are not triggered because the same people control the enterprise both before and after the reverse merger.

      If the shell trades on a major exchange such as NASDAQ, any reverse merger—even a reverse triangular merger—requires shareholder approval and a full proxy under exchange rules. Following a change in control, most exchanges require a “new listing” application, which requires the company to meet all initial listing standards—not just “maintenance standards”— following the merger. Thus, to avoid the shareholder approval, it is sometimes recommended that a NASDAQ shell delist from NASDAQ and move to the OTC Bulletin Board prior to the merger.

      One of the drawbacks of this structure come with history. Sometimes this history manifests itself in the form of pending lawsuits and unforseen liabilities. Perhaps, settling that lawsuit at timely manner is an indication.

      GLTA

    • This time the next move up is the real/major move:-)

    • No, you are not understanding what I am saying I think Steve. I am saying that I believe that this shell still holds the rights to all the dailymedrx contracts possibly and WAG has just been servicing with the pharmacy the Arcadia contracts owning the pharmacy and maybe working out some kind of royalty deal or something. Not certain, but I am talking about the dailymedrx contracts that are linked to the Arcadia company still because they were not sold in the APA.

    • Yes, there's no mentioned of Arcadia in WAG's filing. But that doesnt mean Arcadia isn't working for WAG as contractors to service DailyMedRx for the disease management and senior care. Matter of fact, WAG contracts with Allied Health workers and Arcadia BestCare is a member of Allied Health.

      I honestly don't believe WAG wants the shell or the new company other than for the services becauase MalPractice and Bonds needed for the 8.5k employees but SXC Health Care and its subsidiary CatalystsRx might. CatalystsRx bought Walgreens Health Initiatives, Inc PBM in June 2011. Makes sense not to file bk because of all these parties in the mix. I suspected Walgreens transforming into something like CVS Caremark. DailyMedRx is a unique pillbox that no other PBM company has and it ia loaded with Arcadia Healthcare specializing in these areas i believed.

    • http://www.sec.gov/Archives/edgar/data/1071941/000114036111056395/ex2_01.htm

      Steve, you have been been going on and on about WAG all this time. So, this is interesting because I noticed looking back through the APA that other then what looks like reference to leases and contracts of that fashion, it does not looke like ANYWHERE in the APA that is specfically states that they also were granted the contracts along with all the assets, intellectual property, and all other tangable and intangable assets. Maybe because the dailymed contracts were not dailymeds but actually signed and administered by KADR?(the contracts with Indiana Medicaid etc.) so would more then likely have been retained outside of the APA. So the question is then, why did they do it this way and not BK the company? Well, maybe because a trustee would have then been fully in control of the contracts and what happened to them and more then likely the contracts would have just been null and void as soon at the bk was discharged. So, is WAG now going to come back around and buy the shell for the contracts? Just wondering what your thoughts are on this. But it seems like Arcadia may have retained the contracts post APA.

    • That transfer is a quicker and less expensive method than a traditional merger where proxy (lengthy process with hundred if not thosands shareholders..some might oppose) must be sent out plus the legal feels, accounting fees, admin, taxes, etc... As complicated as KADR has done plus all the parties involved, costs can run up to seven figures. Makes sense to take the easy way.

    • Nice crap, susan.

      Bwahahahahahahahahahahahahahahahahahahahahahaha!

      How's the weather in Canada, today?

      Kitty

    • Zoom, you must realize former shareholders who read latest PR sharing "there are a transfer of shares" and "the company is on solid ground."

      In that wording present share holder are being encouraged to stay long because of solid ground wording.

      Legal experts will view wording as "baiting" for deception scam. You can not say on solid ground and shares worthless. Agree ....

      Recent PR......
      “As of May 1st, Arcadia Services, Inc. has gone through a stock transfer with a newly formed Holding company, Arcadia Holdings II, Inc. With Comerica as the senior lender, Arcadia Services now finds itself under new ownership. The new CEO, John Elliott, has returned after five years to resume operations, focusing on the home care and staffing industry. The stock transfer has allowed Arcadia Services to become a privately owned company once again.

      Mr. Elliott plans to rebuild momentum lost over the past few years through focus on the home care and staffing industry. Mr. Elliott has stated “Returning to Arcadia for the first time since 2007 has been like coming home. We have the greatest people in the health care industry. For 35 years Arcadia has been exceptionally profitable and we will continue to focus on the business and its growth.” The company remains on solid ground and still holds its market share value. The basic organization will remain the same, keeping its headquarters in Southfield, MI, as well as maintaining all employees and affiliates nationally.”

      Also .....
      Zoom boss .... at present time give them(Zoom and group) a c+. They have discouraged shorts but has no impact on longs. Strengths-Determined, Independent, Visionary, .....Weaknesses - Crafty, Impatient, Rash decision making, would make motivator for "Biggest Loser" but average here.

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