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You think those who are opposed to the deal are shorting? Seriously.
So why does Chris Komatinsky oppose the merger? I'd say he's got quite a bit at stake with 1.5 million Rite Aid shares. He's motivated enough to set up a Google website (link below) to inform other shareholders why the deal is good for management but bad for Rite Aid shareholders. Highfields Capital Management is against the merger. They are the fourth largest institutional holder of Rite Aid.
44,217,611 SHARES UNITED AGAINST THE PROPOSED MERGER
This isn't a pump and dump. It's a bad deal. I'm voting no and I'm not shorting.
https://sites.google.com/view/voteno2merger/home?gclid=CjwKCAjws8vaBRBFEiwAQfhs-EJCCTiOWNBOgoMWxU6AEh1dw-rjNLuvRsvTTUk724rVszKSv7PKjRoCZGIQAvD_BwE
Agree 100%. I'm voting no on the merger as well. I'm pretty confident RAD shareholders are not going to let this happen.
https://www.yahoo.com/amphtml/finance/news/rite-aid-rad-stock-picks-114211489.html
Pretty sure Rite Aid management paid for this article.
"There is a lot of momentum building around the Rite Aid Corporation RAD stock lately, mostly due to its merger deal with grocer Albertsons Companies Inc."
"Clearly, Rite Aid is on track with its merger with Albertsons, which is expected to close in the second half of calendar year 2018."
Amid Opposition, Rite Aid Issues Plea To Vote For Albertsons Deal
https://www.forbes.com/sites/brucejapsen/2018/06/26/amid-opposition-rite-aid-issues-shareholder-plea-to-vote-for-albertsons-deal/
Rite Aid executives issued an unusually lengthy plea for shareholders to vote in favor of its merger with grocery store chain Albertsons amid opposition by some investors who’ve been trying to derail the deal.
I honestly think that the share price will surge if the deal falls through... I'm actually getting on it.
Also read an article that stated the shareholders vote on the merger will most likely take place in July. Haven't seen anything official though.
Some Rite Aid Investors Rally To Stop Albertsons Deal
https://www.forbes.com/sites/brucejapsen/2018/06/06/some-rite-aid-investors-rally-to-stop-albertsons-deal/
With the price of Rite Aid stock below $2 a share and a stockholder vote on a merger with Albertsons yet to be scheduled, some investors are rallying support for a late effort to get what they hope will be a better deal.
At issue is a $24 billion merger with grocery store giant Albertsons announced in February that would result in Rite Aid shareholders owning about 30% of the combined new company. The combination of Rite Aid, which operates RediClinic, and Albertsons would create a company with 319 health clinics and 4,345 pharmacies after the merger closes.
In its latest filing last Friday with the Securities and Exchange Commission, Rite Aid said the merger “is expected to close in the early part of the second half of calendar 2018.” But Rite Aid hasn’t scheduled a vote of the shareholders, which has given some opposed to the deal more time to rally support for their positions. Take Chris Komatinsky, an individual shareholder from Los Angeles who says he and his family own about 1.5 million Rite Aid shares and want the merger stopped.
Komatinsky issued a press release this week calling for an independent investigation of the deal outlining several issues including retention bonuses cited inFriday’s SEC regulatory filing that will be paid to senior executives even if the deal falls through. Komatinsky would also like to see an effort to get a better value for the company, citing what he sees as a valuable asset in Rite Aid’s pharmacy benefit manager, EnvisionRxOptions, which has been growing rapidly. And he and other investors have said they are concerned about Albertsons’ debt and therefore the future company’s ability to grow, particularly at a time when retailers are facing the potential of competition from Amazon as well as Walgreens and CVS Health, which is buying Aetna, the nation’s third largest health insurer.
“Small shareholders own a large percentage of Rite Aid shares but often have a difficult time getting organized to have a large enough total of shares owned to have a voice,” Komatinsky said in his release that included his contact information for other shareholders and a web site.
In April, the Wall Street Journal also reported some investors were planning to oppose the deal. In particular, the newspaper reported “one of Rite Aid’s 10 biggest shareholders, which declined to be named, said it planned to vote against the deal because it doesn’t give shareholders a fair premium.”
For its part, Rite Aid Wednesday morning said the merger with Albertsons will “deliver compelling long-term value for Rite Aid shareholders and its customers.”
Rite Aid executives have said they expect the drugstore chain’s combination with grocer Albertsons to have a differentiated brand in the U.S. retail market that combines “food, health and wellness.”
With the transfer of more than 1,900 stores to Walgreens Boots Alliance completed, Rite Aid executives say they can now focus on the merger with Albertsons and growing its businesses. In particular, Rite Aid said it will continue to convert its drugstores to “wellness stores,” which have expanded clinical pharmacy services, health and wellness products.
“In the face of a consolidating and evolving marketplace, Rite Aid’s board and management team evaluated a range of strategic options with the assistance of outside advisors,” Rite Aid said in its Wednesday statement. “After conducting rigorous due diligence and engaging in extensive negotiations with Albertsons, Rite Aid, with the unanimous approval of its board, agreed to terms for the merger that it believes will provide significant value for its shareholders.”
Does anyone know when the shareholders vote will take place? I looked through the fillings but didn't see anything. TIA
Did anyone see this article?
https://finance.yahoo.com/news/researchers-create-instant-hydrogen-water-192300980.html
Hydrogen power seemed all the rage for awhile, until we had to face the practical considerations of using it. Yes, it's clean and abundant, but it's also incredibly difficult to transport. One team may have accidentally found the key to jump starting this struggling economy, though; researchers at the US Army Research Laboratory at Aberdeen Proving Ground Maryland made a chance discovery when they poured water on a new aluminum alloy. It began to give off hydrogen automatically.
It is possible for hydrogen to be a byproduct of a reaction between water and regular aluminum, but only at extremely high temperatures or with added catalysts. Additionally, it would take hours for the hydrogen to be produced and had an efficiency of only about 50 percent.
That's not the case with this new reaction; "Ours does it to nearly 100 per cent efficiency in less than 3 minutes," team leader Scott Grendahl told New Scientist. That's a pretty impressive statistic, especially when you consider it's an automatic reaction. Aluminum and water can be transported easily and are stable. This can easily be turned into a situation where a lot of hydrogen can be produced on demand, in a short amount of time. This eliminates many of the issues that forced companies to seek alternatives to hydrogen for a clean energy source.
That doesn't mean this is the solution to all our hydrogen problems, though. There are still many questions that need to be answered. First of all, can this be replicated outside the lab? All signs point to yes, but experiments can often work in a lab setting and fail in field tests. How difficult is this new aluminum alloy to produce, and what would the costs of mass production be? How much of it would you need to make this work? What are the environmental costs of producing this increased amount of aluminum alloy? This is an encouraging first step to be sure, but there's a lot more we need to know before we declare this the salvation of hydrogen fuel.
I'm wondering if it's PLUG-specific news or maybe it has to do with renewable energy tax incentives bill, which apparently is gaining more support in the House. 53 co-sponsors as of today..
https://www.congress.gov/bill/115th-congress/house-bill/1090/cosponsors?overview=closed
According to the CEO, The debt funding from Generate Capital is the first step in leveraging restricted cash and fund future sales lease backs...
Anyone notice those early premarket trades at 2.01? Any idea what that is all about?
Not sure why you think that... that would be a new 52 week low. Pretty confident the floor has been set and we move up from here....
It's my understanding that the R/S is supposed to help institutional investors who currently can't take a position in the company because the current share price is too low. Look for a good run to follow after the R/S. Company is in pretty good shape imho and I think the R/S is only going to help bring shareholder value quicker.
That's too bad. I don't see that happening at all. R/S for an OTC penny is a kiss of death. In LXRX's situation, it will be a good thing. I think it will take off after May 20. Good luck to all still holding.
http://www.sba.gov/content/7a-loan-program-eligibility
7(a) Loan Program Eligibility
SBA provides loans to businesses; so the requirements of eligibility are based on specific aspects of the business and its principals. As such, the key factors of eligibility are based on what the business does to receive its income, the character of its ownership and where the business operates.
SBA generally does not specify what businesses are eligible. Rather, the agency outlines what businesses are not eligible. However, there are some universally applicable requirements. To be eligible for assistance, businesses must:
Operate for profit
Be small, as defined by SBA
Be engaged in, or propose to do business in, the United States or its possessions
Have reasonable invested equity
Use alternative financial resources, including personal assets, before seeking financial assistance
Be able to demonstrate a need for the loan proceeds
Use the funds for a sound business purpose
Not be delinquent on any existing debt obligations to the U.S. government
Ineligible Businesses
A business must be engaged in an activity SBA determines as acceptable for financial assistance from a federal provider. The following list of businesses types are not eligible for assistance because of the activities they conduct:
Financial businesses primarily engaged in the business of lending, such as banks, finance companies, payday lenders, some leasing companies and factors (pawn shops, although engaged in lending, may qualify in some circumstances)
Businesses owned by developers and landlords that do not actively use or occupy the assets acquired or improved with the loan proceeds (except when the property is leased to the business at zero profit for the property’s owners)
Life insurance companies
Businesses located in a foreign country (businesses in the U.S. owned by aliens may qualify)
Businesses engaged in pyramid sale distribution plans, where a participant's primary incentive is based on the sales made by an ever-increasing number of participants
Businesses deriving more than one-third of gross annual revenue from legal gambling activities
Businesses engaged in any illegal activity
Private clubs and businesses that limit the number of memberships for reasons other than capacity
Government-owned entities
Businesses principally engaged in teaching, instructing, counseling or indoctrinating religion or religious beliefs, whether in a religious or secular setting
Consumer and marketing cooperatives (producer cooperatives are eligible)
Loan packagers earning more than one third of their gross annual revenue from packaging SBA loans
Businesses in which the lender or CDC, or any of its associates owns an equity interest
Businesses that present live performances of an indecent sexual nature or derive directly or indirectly more 2.5 percent of gross revenue through the sale of products or services, or the presentation of any depictions or displays, of an indecent sexual nature
Businesses primarily engaged in political or lobbying activities
Speculative businesses (such as oil exploration)
You know I was just looking at SBA loans to get an idea what I might be able to apply for myself and I saw that oil exploration companies are not eligible. So I don't see how this is going to be a viable option for Xun.
You're welcome.
Hi Krony, don't have pm, but I have already done what you suggested.
Geez, I wonder who started it. Whoever did doesn't seem to understand that it's about the experience as a consumer, not a shareholder...
Thanks Krony. I really appreciate it.
Hi Krony, please do share
I hear that brother!
Let's not forget the record short interest. Shorters are going to have to chase shares to cover. We've only seen 7 or 8 million shares change hands and the last short count was over 30 million I believe. .
Also, someone posted on Yahoo boards that Lexicon was just issued a patent on June 3. Looks like they applied for the patent a while back. See details below:
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=%228,742,075%A2%22.PN.&OS=PN/
Monoclonal antibodies against ANGPTL3
Monoclonal antibodies that specifically bind to ANGPTL3 are provided. Monoclonal antibodies that neutralize at least one activity of ANGPTL3 are provided. Methods of treating a disorder of lipid metabolism using neutralizing monoclonal antibodies are provided.
That's very plausible... If that's the case, then we will continue moving up. There aren't that many shares in the free float, so if the positions are significant, we should see some nice gapping. I saw us gap at least two times today, hope there is more to come.
Now I'm convinced that good news is leaking out...
Nice run today!
You think the partnership announcement is coming soon?
Good entry. I think my average is around 1.50
Even with the 10 million converted at .0001, we're still in good shape. The bid at .0002 is 300 million + and will not be filled at this rate. We are setting up for take off with the right PR, which I hope we will see next week. Berge has already started his social media updates, so let's hope for a nice PR to follow. GLTA & Have a great weekend!
Thanks Krony... I couldn't resist hitting the 3's... Especially since I'm not willing to wait in line for 2's. It's quite a long line...
Who's on the ask? I just added another milly @.0003 but the ask didn't budge...
Congrats on the 2's and selling at 4. There's no harm in taking profits, but it looks like you'll be missing out once the anticipated news is out. To each his own. Good luck to you RnR..
Limitless? That's probably why the SP closed at .0004 Good call RnR!
We'll be moving north soon once news of the FDA meeting hits the market and the fact that the CV study requirement will be waived for LX4211. IMO GLTA
You're welcome. I would be interested in having this confirmed, and thought about writing Berge's myself, but perhaps you can slip it in whenever you plan to write him in the future. I can't see how these two parties would be willing to invest so much unless they new that a major breakthrough would happen in the next six months. GLTA!
Hi Krony,
Do you think that ARRG and Caesar were provided with non-public information? I know that at one point, I was emailing another company CEO, and he mentioned to me that he could share more information that has not been publicly disclosed, but I would have to sign a form which would restrict me from buying/selling my shares for a certain period of time (I think it was also 6 months, but I am not sure). Any thoughts on this?
Why would Kay jeweler care about Bergio's share structure? That has nothing to do with launching a jewelry collection. They will only care about their bottom line and the quality of the product. It's not if they are investing in the company. Nice try guys...
No T trade, so this must have been all panic retail selling today...