Rite Aid Corp (fka RADCQ)

[fung_derf]

There are class action lawsuits currently, but you know how those typically go. Lawyers collect, shareholders get a coupon.
Although I will admit I have made money on a few of them. I think I'm signed up for 3 right now. Weird based on the dates they use, I actually haven't lost money on the trades of some of them.
I think I recently missed the date to file on Starbucks.

[packerfan9]

I am surprised a big law firm has not gone after the family for fraud for the shareholders. They have money. Fraud is a not excluded by a bankruptcy.

[packerfan9]

That is wow.

[fung_derf]

What is far sadder is, they had the company bought out by Walgreens for $9 a share and somehow screwed up the deal.

[packerfan9]

It is sad the court let them wipe out the shares.

[Lime Time]

Private company during the interim. Rite Aid also reverse split previously. Management is not making good decisions. Commons can get liquidated over and over again as long as they have losses. I remember trading RAD 15 years ago when it was at 1.00

The commons are canceled. They will issue new stock if they want to publicly trade again.

[mdb1]

"Rite Aid to operate as private company as it emerges from Chapter 11 bankruptcy,"

[packerfan9]

Same as my shares. 100% lost.

[Lime Time]

Commons get canceled. If they choose to restructure, new shares get issued. It's a really crooked system. A company can go bankrupt as many times as it needs to. The common shareholders are always the first to lose. That's why I never play with any 'Q' stock.

[mdb1]

Did Rite Aid go private?

[mdb1]

Huh? Please explain. I though Rite Aid was coming OUT of bankruptcy.
What does this mean?

[DeerBalls]

GREAT CALL....

fung_derf Monday, August 28, 2023 9:50:08 AM

Post#  of 11242 Go

If there is one stock that is fully deserving of having to pay restitution to their shareholders, it's this one. I've been in this dumpster fire since 2015, and it has been the most mismanaged company I've ever seen.
The officers of this company should be ashamed to have collected any compensation.


Great call on this one...lol.... THE LOW IN 2015 WAS AROUND $120/SHARE....WOW! Think it will come back? Lol

[fung_derf]

Talk about your long slow deaths. Still waiting on my class action suit settlement pennies.

[Renee]

RADCQ: BK PLAN effective. All shares cancelled.

https://otce.finra.org/otce/dailyList?viewType=Deletions

[Lime Time]

Shares cancelled. Another one goes kerplunk.

[fung_derf]

The bigger question is, are they selling the properties or renting them?

[mdb1]

They are still CLOSING many many stores. How much of Rite Aid is going to be left by 2025????????

[DeerBalls]

Well done on Rite Aid! $30, was it? Great call!

And, you're alot off on my situation.

fung_derf

Re: None

Monday, August 28, 2023 9:50:08 AM

Post#  of 11259 Go

If there is one stock that is fully deserving of having to pay restitution to their shareholders, it's this one. I've been in this dumpster fire since 2015, and it has been the most mismanaged company I've ever seen.
The officers of this company should be ashamed to have collected any compensation.

[Loudanepro]

I like the stock…

[Nebuchadnezzar]

Blockbuster...RadioShack....Bed Bath and Beyond...Rite Aid...Wallgreens....notice a trend ;)

[mdb1]

This stock has gone from $.20 to $.0001/$.001. Who knew that was possible -- a change of 2,000 fold!!!!!!!!!!!!

[Termite7]

Will these guys emerge from BQ, or just go away? .....Thanks!!!

[fung_derf]

It is so funny to see you first chased off your VPLM board here, and NOW, you have been laughed off the stocktwits board.
Must be so sad for you, but Hey! You had a good run. You lied to people for quite a few years. Might be best to vanish now and maybe no one will remember it was you who misled them for years.
Of course its awfully tough for you to do your job if you can't post anywhere. Might have to downsize your car.

[fung_derf]

LOL....and you try to make fun of my losses. Go on and explain yours....Even then the stock was tanking already

DeerBalls

Re: None

Tuesday, December 19, 2017 11:26:37 AM

Post#
45721
of 128990
Has the story changed since $.45? NO! Has the story changed since $.11? YES, WE HAVE EUROPE!

We are in a GREAT position!

[fung_derf]

Did you really ask who would pay you?? How about the money spent BY THE COMPANY in their filings, they said they used for social media promotions....I think we all know what that means.....
Now quit posting here off topic......oh that's right. You're not allowed to post but once on the board you've been pumping for years.
What street are you living on these days?

You have been pumping that stock for 11 YEARS now....how sad. The stock was trading at 21 cents with your first post....today its at .0151...well done! Of course you used to claim never to sell shares. Lately you have claimed you've been dumping all along. Only problem with that story is, it has only been above .21 once in that 11 years, and you told people to hold their shares.

DeerBalls

Re: None

Monday, November 18, 2013 4:09:07 PM

Post#
8949
of 128990
Maybe it will go to zero and we can get free stock...Maybe it will be bought out at $200 Billion...Maybe...

[DeerBalls]

But, but, butt I made money here and here...I KNOW WHAT I'M DOING, I TELL YA! RIGHT...

Always comes back to me. I'M PAID? Are the checks in the mail??? I am Rich/Emil and whatever else... WHERE WOULD THE FUNDS COME FROM?

You know next to nothing about me!

You're a joke, but brilliant play on Wrong Aid. You were saving it "sucked" for years, BUT STAYED INVESTED?????????? Lolololol

[fung_derf]

Geez, Not sure how many times you need me to post this stock sucked? I've only been saying it for years. This is the reality of investing, you don't make money on every one of them. Now, did you want to discuss my SCMI or LLY lately?...of course you don't. Made FAR more on those than I lost here.
Just to make you even happier, I can tell you it looks like I've lost $34,608 so far on this stock, as I still hold some. On the other hand, just on my SCMI I made $90,800 and $344,012 so far in LLY and still hold 570 shares, so still holding about $367,000 in gain if I cashed in today....so what were you saying?
Now you say the same about your stinking penny stock where the CEO's wife is dumping stock every week. I'll start you off...."I suck because___________(fill in your blank)
Of course you don't whine, you are paid to pump...problem is, now that I've pointed out to everyone how you've lied and misled over the years, no one believes you any more.....You just may get fired...
Curious, since you are already living in your car (according to you), where does one go when one loses their paid pump job? To a bridge?

[DeerBalls]

That's all you got? Lolololololollolololol. I got nuff of a brain to not loooooz my ace in crap like Wrong Aid... BRILLIANT CALL! And then, you blame "management", BUT YOU STUCK WITH THE STOCK, RIDING IT TO PRACTICALLY ZERO! Hilarious!

Still waiting on you backing your BULLSHIT on me whining about any investment I've made, penny or not.....

[fung_derf]

Are the car fumes from your living room leaking into your brain?...or lack of one

[DeerBalls]

Knew you'd be dumb enough to bite: So, being you were spouting about your great investment here @ around $30 per share AND LOST 99.5% RATHER THAN 99.9% OF YOUR $$$s had it been $120, you're all good and justified! LOLOLOLLOLOLOL, that is truly hilarious...

Please show me whining about any stock position I've been in....PLEASE.... Bitch about the courts, sure, BUT NOT ABOUT THE STOCK!

Thanks for biting!....lol. Math is challenging, isn't it? Lol

Lets keep this post of yours forever as proof of how idiotic you are. RAD has never been anywhere near $120, and I'd say me calling it the worst REAL COMPANY officers was exactly right.
As opposed to idiots like you who buy penny stocks then whine 10 years later that they were cheated.

[fung_derf]

No it wasn't. The stock has gone through reverse splits.
But the point is, that guy is a penny stock mullet who complains I point out his stock is a scam, so he had to go through my entire listed portfolio to find the two stocks I've lost money in.
Difference being, I readily admit when I have a sucky stock....he's a denier.

[packerfan9]

Yes it was. I think at one point years ago was over $200. Yet it does not matter now.

[fung_derf]

Lets keep this post of yours forever as proof of how idiotic you are. RAD has never been anywhere near $120, and I'd say me calling it the worst REAL COMPANY officers was exactly right.
As opposed to idiots like you who buy penny stocks then whine 10 years later that they were cheated.

[DeerBalls]

fung_derf Monday, August 28, 2023 9:50:08 AM

Post#  of 11242 Go

If there is one stock that is fully deserving of having to pay restitution to their shareholders, it's this one. I've been in this dumpster fire since 2015, and it has been the most mismanaged company I've ever seen.
The officers of this company should be ashamed to have collected any compensation.


Great call on this one...lol.... THE LOW IN 2015 WAS AROUND $120/SHARE....WOW! Think it will come back? Lol

[brunners]

recoveries Under Reorganization Plan
RAD Shareholders
Under the plan Rite Aid shareholders are in Class 9 and are not allowed to vote on the plan - they are deemed to have rejected the plan. They get no recovery and shares will be cancelled on the plan effective date:

"All Existing Equity Interests in Rite Aid will be cancelled and extinguished, and Holders of Existing Equity Interests in Rite Aid shall receive no recovery on account of such Interests."

[jimr1717]

Great call

[fung_derf]

I never expect to get much from a class action suit anyway.
Funny thing is, the only stock I ever got a hefty sum from was a stock I actually made money on from the trade.

[Televet]

thx

[fung_derf]

It won't allow me to cut and paste it, and I don't want to screenshot my personal info. Sorry.
But one is 2016-'17 and the other is 2018-'23
BTW, looks like the deadline has passed for the more recent one....well actually both have now.

[Televet]

Again, thanks fung.

I bought 20K shares in 2012 and 10K in 2014.

Do you any info you could forward on the second claim/suit?

Who is the legal entity for this one? Legal team...

thx

[fung_derf]

There are two, depending on the date you bought. I've bought more than once.

[Televet]

Thanks for the response.

Is there another claim/suit in addition to this one?

Rite Aid Securities Settlement
Claims Administrator
c/o Gilardi & Co. LLC
P.O. Box 301135
Los Angeles, CA 90030-1135

Mailed mine today.

Not sure what you mean with the "exclusion".

Could you clarify?

[Televet]

Thanks.

Is there another shareholder claim/settlement suit in addition to this one?

Rite Aid Securities Settlement
Claims Administrator
c/o Gilardi & Co. LLC
P.O. Box 301135
Los Angeles, CA 90030-1135

I sent mine out certified RR today.

Not sure what you are saying about being excluded.

Could you clarify?