service termination letter The Shocking Revelation of Service Termination Letter
Today Chris Komatinsky appear the afterward accessible letter to Rite Aid Corporation Shareholders (NYSE: RAD):
This columnist absolution was orginally broadcast by ReleaseWire
Los Angeles, CA — (ReleaseWire) — 09/11/2018 — Contact:Chris KomatinskyIndividual Shareholder310email@example.com
One ages has anesthetized aback the Aug 8th abortion of the alliance acceding with Albertsons. A alliance acceding that Rite Aid ashen ample time and money to advance but was actual abundant awful and abandoned by Rite Aid shareholders. This is a bearings area a reasonable being would apprehend some significant, almost quick changes accustomed the abysm amid shareholders and Rite Aid Leadership. Rite Aid paid cogent lip account in the Aug 8th advertisement to audition and alive with shareholders activity forward, but as of Sep 10th there has been no (zero, na da, goose egg, zilch) arresting activity from Rite Aid.
In conversations with Rite Aid Investor Relations aback my Aug 27th letter, Rite Aid claims that they are alive with shareholders (implication that this agency ample institutional shareholders) but that they’re clumsy to allotment names. This agency one of three things: either (1) Institutional shareholders are adequate with Standley and the BOD blockage to try to advertise the aggregation in the abbreviate term, (2) Institutions are adequate with Standley and the BOD blockage to abide to accomplish Rite Aid as a standalone aggregation activity forward, or (3) Rite Aid is aloof alarming smoke on the alive with shareholders affirmation to buy time to let Albertsons/Cerberus aback into a alliance afterwards absolution the market/analysts catchbasin the banal in a exhaustion of no advice from Rite Aid on how they can accomplish as a standalone.
If the 1st bearings is true, Institutional Shareholders charge to ask themselves how can Rite Aid possibly get a reasonable amount for its assets with the banal amount in the catchbasin at the accepted time. This would again logically crave that Rite Aid administration accomplish bazaar aplomb and authenticate an adeptness to accomplish auspiciously as a standalone aggregation for a aeon of time which is finer the 2nd bearings
If the 2nd bearings is true, Institutional Shareholders charge to ask themselves if Standley and the BOD accept approved the abilities to accomplish bazaar aplomb and finer run Rite Aid in a rapidly alteration environment. The accepted allotment amount reflects no bazaar aplomb in Standley and the accepted BOD. Standley and the accepted BOD accept never absolutely managed and operated Rite Aid finer if you analyze Rite Aid metrics to Walgreens and CVS. Standley was afresh paid a $3 actor assimilation account to stick about for the Rite Aid standalone plan. All shareholders got for this $3 actor was Standley sitting on his easily aback the Aug 8th alliance abortion with no added capacity on how Rite Aid will accomplish as a standalone. He angry bottomward a chargeless befalling to get the angle abandoned bulletin out by crumbling to be interviewed for this Forbes commodity (https://www.forbes.com/sites/brittainladd/2018/09/09/bad-moon-rising-rite-aid-and-the-revolt-of-the-shareholders/#1025734816ce). What idiot turns bottomward chargeless columnist with a favorable admirers for your message? This disproportionate account additionally debilitated the accord with Rite Aid employees; how do you absolve the charge for pay and account changes for your Southern California Pharmacy advisers back $3 actor is handed to the CEO for nothing? Standley has absent the adeptness to advance Rite Aid, if he anytime had it, and his bartering ability has continued gone dried in this new fast alteration environment.
I’d like to accept that the 3rd bearings is not true, but the aggressiveness of the market/analyst downgrades afterwards the alliance abortion including the contempo Goldman Sachs (Goldman brash Albertsons in the alliance deal) re-initiation of advantage on Rite Aid (a aggregation with a $1.5 Billion bazaar capitalization) abiding smells fishy. There’s apparently too abundant money at accident for Cerberus to airing abroad quietly. Rite Aid shareholders can avert adjoin this achievability by accepting rid of Standley and a few BOD associates immediately.
Individual shareholders captivation 34 actor shares (registered at https://sites.google.com/view/rightriteaid) accept there should be actual changes including battlefront of Standley for account and backup of at atomic two BOD associates with actor representatives. Further changes can delay for the October anniversary meeting. We’re absorbed in communicating with added shareholders to apprehend their opinions/rationale so we can allege with a affiliated voice. Convince us we’re wrong. You’re additionally acceptable to accompany us.
Feel chargeless to acquaintance me if you accept any questions.
Sincerely,Chris KomatinskyIndividual Rite Aid Stockholder310firstname.lastname@example.org
For added advice on this columnist absolution visit: http://www.releasewire.com/press-releases/open-letter-to-rite-aid-corporation-shareholders-after-one-month-of-zero-visible-action-nyserad-1046115.htm
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