KAD Arcadia Resources Common Stock

________________________________________________________________________________

CUSIP No. 039209101 13G Page 02 of 09 Pages
________________________________________________________________________________

1. NAME OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 SDS Capital Group SPC, Ltd.
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 (a) [X]
 (b) [ ]

________________________________________________________________________________
3. SEC USE ONLY



________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION

 Cayman Islands
________________________________________________________________________________
 NUMBER OF 5. SOLE VOTING POWER

 SHARES 9,318,625
 _________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER

 OWNED BY 0
 _________________________________________________________________
 EACH 7. SOLE DISPOSITIVE POWER

 REPORTING 9,318,625
 _________________________________________________________________
 PERSON 8. SHARED DISPOSITIVE POWER

 WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 9,318,625
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_]

________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 4.73%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*

 CO
________________________________________________________________________________

________________________________________________________________________________

CUSIP No. 039209101 13G Page 03 of 09 Pages
________________________________________________________________________________

1. NAME OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 SDS Management, LLC
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 (a) [X]
 (b) [ ]

________________________________________________________________________________
3. SEC USE ONLY



________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION

 Delaware
________________________________________________________________________________
 NUMBER OF 5. SOLE VOTING POWER

 SHARES 0
 _________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER

 OWNED BY 9,318,625
 _________________________________________________________________
 EACH 7. SOLE DISPOSITIVE POWER

 REPORTING 0
 _________________________________________________________________
 PERSON 8. SHARED DISPOSITIVE POWER

 WITH 9,318,625
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 9,318,625
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_]

________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 4.73%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*

 CO
________________________________________________________________________________
 *SEE INSTRUCTIONS BEFORE FILLING OUT!

________________________________________________________________________________

CUSIP No. 039209101 13G Page 04 of 09 Pages
________________________________________________________________________________


1. NAME OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 Mr. Steven Derby
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 (a) [X]
 (b) [ ]

________________________________________________________________________________
3. SEC USE ONLY



________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION

 United States
________________________________________________________________________________
 NUMBER OF 5. SOLE VOTING POWER

 SHARES 0
 _________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER

 OWNED BY 9,318,625
 _________________________________________________________________
 EACH 7. SOLE DISPOSITIVE POWER

 REPORTING 0
 _________________________________________________________________
 PERSON 8. SHARED DISPOSITIVE POWER

 WITH 9,318,625
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 9,318,625
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_]

________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 4.73%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*

 IN

________________________________________________________________________________
 *SEE INSTRUCTIONS BEFORE FILLING OUT!

________________________________________________________________________________

CUSIP No. 039209101 13G Page 05 of 09 Pages
________________________________________________________________________________



Item 1(a). Name of Issuer:

 Arcadia Resources, Inc.

Item 1(b). Address of Issuer's Principal Executive Offices:

 9229 Delegates Row, Suite 260
 Indianapolis, IN 46240

Item 2(a). Name of Person Filing:

 SDS Capital Group SPC, Ltd. ("SDS Capital Group")
 C/o Ogier Fiduciary Services (Cayman) Ltd.
 113 South Church Street, PO Box 1234GT
 George Town, Grand Cayman
 Cayman Islands corporation

 SDS Management, LLC (the "Investment Manager")
 53 Forest Avenue, 2nd Floor
 Old Greenwich, CT 06870
 Delaware limited liability company

 Mr. Steven Derby
 Sole Managing Member of the Investment Manager
 53 Forest Avenue, 2nd Floor
 Old Greenwich, CT 06870
 United States citizen

 SDS Capital Group, the Investment Manager, and Mr. Derby are
 collectively referred to herein as the Reporting Persons.

________________________________________________________________________________

CUSIP No. 039209101 13G Page 06 of 09 Pages
________________________________________________________________________________

Item 2(b). Address of Principal Business Office, or if None, Residence:

 See Item 2(a).

Item 2(c). Citizenship:


Item 2(d). Title of Class of Securities:


 Common Stock, $0.001 par value (the "Common Stock")

Item 2(e). CUSIP Number:

 039209101

Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
 or (c), Check Whether the Person Filing is a:

 Not Applicable

Item 4. Ownership.

 1. SDS Capital Group

 (a) Amount beneficially owned: 9,318,625

 (b) Percent of class: 4.73%

 (c) Number of shares as to which such person has:

 (i) Sole power to vote or to direct the vote : 9,318,625 shares

 (ii) Shared power to vote or to direct the vote : 0 shares

 (iii) Sole power to dispose or to direct the disposition of 9,318,625
 shares,

 (iv) Shared power to dispose or to direct the disposition of 0 shares


 2. The Investment Manager

 (a) Amount beneficially owned: 9,318,625

 (b) Percent of class: 4.73%

 (c) Number of shares as to which such person has:

 (i) Sole power to vote or to direct the vote : 0 shares

 (ii) Shared power to vote or to direct the vote : 9,318,625 shares

 (iii) Sole power to dispose or to direct the disposition of 0
 shares,

 (iv) Shared power to dispose or to direct the disposition of
 9,318,6252 shares

________________________________________________________________________________

CUSIP No. 039209101 13G Page 07 of 09 Pages
________________________________________________________________________________

 3. Mr. Derby


 (a) Amount beneficially owned: 9,318,625

 (b) Percent of class: 4.73%

 (c) Number of shares as to which such person has:

 (i) Sole power to vote or to direct the vote : 0 shares

 (ii) Shared power to vote or to direct the vote : 9,318,625 shares

 (iii) Sole power to dispose or to direct the disposition of 0
 shares,

 (iv) Shared power to dispose or to direct the disposition of
 9,318,625 shares


Item 5. Ownership of Five Percent or Less of a Class.

 Not applicable.

Item 6. Ownership of More Than Five Percent on Behalf of Another Person.

 Not appilcable

Item 7. Identification and Classification of the Subsidiary Which Acquired the
 Security Being Reported on by the Parent Holding Company or Control
 Person.

 Not applicable

Item 8. Identification and Classification of Members of the Group.

 Not applicable

Item 9. Notice of Dissolution of Group.

 Not applicable

Item 10. Certifications.

 By signing below I certify that, to the best of my knowledge and
 belief, the securities referred to above were not acquired and are not
 held for the purpose of or with the effect of changing or influencing
 the control of the issuer of the securities and were not acquired and
 are not held in connection with or as a participant in any transaction
 having that purposes or effect.

________________________________________________________________________________

CUSIP No. 039209101 13G Page 08 of 09 Pages
________________________________________________________________________________

 SIGNATURE

 After reasonable inquiry and to the best of my knowledge and belief, I

certify that the information set forth in this statement is true, complete and
correct.

Dated: April 7, 2011

 SDS CAPITAL GROUP SPC, LTD.
 By: SDS Management, LLC, its Investment Manager


 By: /s/ Steven Derby
 ------------------------------------
 Name: Steven Derby
 Title: Director

 SDS MANAGEMENT, LLC


 By: /s/ Steven Derby
 ------------------------------------
 Name: Steven Derby
 Title: Managing Member


 /s/ Steven Derby
 ----------------------------------------
 Steven Derby