Another One: Rite Aid Is Preparing To File Bankruptcy

Businesses and corporations have been failing left and right under the Biden administration.

The latest is longtime drug store chain Rite Aid which is now preparing to file for bankruptcy.

Shares for Rite Aid have been sliding to the news the drugstore has been preparing to file for chapter 11 bankruptcy.

The Wall Street Journal reported Rite Aid’s bankruptcy filing stems from the corporation facing several opioid lawsuits.

Rite Aid is reportedly preparing to declare chapter 11 bankruptcy, a news outlet reported Friday, citing unnamed sources, a move that would halt lawsuits over allegations the pharmacy chain oversupplied prescription painkillers during a national opioid addiction crisis. pic.twitter.com/D1KgapswwN

— Forbes (@Forbes) August 25, 2023

Per Yahoo Finance:

Rite Aid (RAD) shares slide lower this morning as the pharmacy chain prepares bankruptcy filings while dealing with lawsuits over the sale of opioids, according to the Wall Street Journal. Yahoo Finance Live monitors the company’s stock action year-to-date and how Rite Aid compares to the performance of competitors CVS and Walgreens (WBA).

BRAD SMITH: Rite Aid shares, they are in focus this morning. They’re slipping as the company reportedly plans to file for bankruptcy as it faces several lawsuits over the chain’s alleged role in the sale of opioids, according to “The Wall Street Journal” here.

ADVERTISEMENT

And, of course, you’re taking a look at shares reacting, they are down by about 3.6% now. Of course, just a 3-cent move or a 2-cent move gives you that kind of percentage change here.

This has long been kind of an embattled longer term story for Rite Aid, whether you think about the number of locations that they sold off years ago and just to make sure that they could kind of right size their own structure.

Rite Aid Reportedly Preparing For Bankruptcy Amid Opioid Lawsuits And $3.3 Billion Debt https://t.co/7v30xGNFME pic.twitter.com/wQN4KysbWf

— Forbes (@Forbes) August 25, 2023

Here’s what CNN reported:

Shares of Rite Aid ended Monday’s session higher after a day of highly volatile trading.

Rite Aid’s stock price experienced steep swings throughout the trading day, soaring more than 20% higher than its opening price in morning trading and then falling to near-session lows close to midday. The stock surged again in the afternoon and ended the day 8.23% higher.

The steep swings come after Rite Aid saw its price of shares tumble Friday amid reports that the drug store chain was preparing to file for bankruptcy.

The Philadelphia-based chain sank 51% on Friday setting a new all-time low of $0.71 a share. Shares of Rite Aid (RAD) are down more than 91% since this time last year.

Friday’s plunge came after The Wall Street Journal and Bloomberg reported that Rite Aid was preparing to file for Chapter 11 bankruptcy. Rite Aid is currently about $3.3 billion in debt and has been embroiled in a legal battle for allegedly filling unlawful opioid prescriptions.

The Department of Justice filed suit against the company in March, claiming that it knowingly processed “unlawful prescriptions for controlled substances.” That stands in violation of False Claims Act and Controlled Substances Act.

ADVERTISEMENT

Rite Aid reportedly prepares to file for bankruptcy to shield it from opioid lawsuits https://t.co/ru0ae6Y1NR pic.twitter.com/35gLdvF7ec

— New York Post (@nypost) August 25, 2023

Bankruptcies….

Mass layoffs….

It’s about to get a lot worse before it ever gets better.

But here’s the good news: I might be able to help you.

Because guess who’s NOT laying people off?

Guess who is in HIRING mode?

Me!

Noah!

Your humble correspondent!

We’re growing faster than I can keep up with.

Maybe I can help you?

If you’ve been impacted by layoffs, or just got fired….or….if you have a job but it doesn’t pay enough, then this is for “YOU”.

The layoffs are really getting bad out there.

You may not work at any of those places….

In fact, odds are you probably don’t!

But the layoffs start there and then spiral across the country.

And I know many of you reading this have ALREADY been laid off or fired from your job.

Many more are to come.

So….that’s why I’m publishing this.

Can I help you?

Very possibly….yes!

In fact, I tell you this because this is MY story.

And deep down it’s probably your story too.

You see, it doesn’t even have to be a layoff.

It may just be that you’re very unhappy with where you’re at in life.

Unhappy with your job…

Unhappy with your future prospects….

Not crazy about doing what you’re doing for the next 30 years and getting a cheap watch as a gift when you retire.

Oh I have a feeling that my story is going to resonate with you.

You see, I believe deep down we all know we were created ON purpose and FOR a purpose.

A God-given purpose.

Something we were created to do in this world better than anyone else.

Sound crazy?

I don’t think so.

I think every single one of us has greatness inside of us…and a calling to live the life God created for us!

Not to live someone else’s life.

Definitely not to live a life for your boss or for your job!

How sad is that?

It reminds me of one of my favorite memes:

But as always, there is TRUTH in comedy.

It’s what makes comedy funny, because we can all relate to the underlying truth.

So here’s where it gets really personal.

I didn’t learn that until I was in my 40’s.

I wish I’d learned it earlier.

And I’m telling you because maybe I can help YOU learn it earlier in life.

When I started this mission of the WLTReport back in 2015, I was finally doing MY thing.

Not living for someone else…

Not just punching a clock…

Not just moving papers around into a folder in a beige office for 40, 50 or 60 hours a week.

No.

I was finally doing what God created ME to do…and I was changing the world (in my own little way) at the same time.

If you’ve never been in that position, I can’t quite describe it to you but it’s magical.

Suddenly, you don’t need coffee or extra motivation to get through the day.

Suddenly, when you’re living out YOUR purpose you have all this natural energy and “work” doesn’t seem like work.

You go from watching and waiting for the clock to hit 5:00 so you can go home to wondering “where did that day go, I could use another 12 hours!”

People ask me all the time how I get so much done around here and they’re fearful I’m going to “burn out”…

Nothing could be farther from the case.

And to quote my friend Christopher Greene, “I’d much rather BURN out than RUST out.”

Let that one sink in a bit.

I believe in this so much and I believe I can help a lot of people who are reading this so much that I actually recorded this video.

This is me, totally from the heart.

Please enjoy (and then if anything in this video resonates with you, scroll down and I will tell you how I might be able to help you too):

I Had a Job, Once…
👇 pic.twitter.com/fINRaHEOcO

— Noah Christopher (@DailyNoahNews) April 8, 2023

Backup here on Rumble:

Now, if ANYTHING I said in that video gave you that little shock of adrenaline or that gut feeling that connected with your soul, I want you to keep reading…

I want to be very clear upfront about a couple of things.

One, I’m not trying to sell you anything.

And two, I’m not telling you to quit your job or make any drastic change.

I’m just a guy who finally found how to live for the passion God placed inside of me, and if I can help some other people along the way I want to do it.

Fair?

Ok.

So in addition to my mission here at WLTReport, I’ve also been working on this second mission that I started talking about last month.

It’s like Mission x Mission for me…Mission Squared!

And I’ve got about 100 people in my “Inner Circle” who have jumped aboard and are doing it with me and they’re absolutely loving it.

The truth is I’ve been blown away in the past few weeks by the comparison of what we’re doing with this new mission and everything else happening in the world right now.

I’m sure you’ve seen all the headlines.

As I type this, banks are failing…

Banks are being shut down…

Bank Runs are threatening to spread across America…

Big companies are doing mass layoffs…

Tens of thousands at a time, Wave 1, Wave 2, Wave 3, they just keep coming!

All the big names are doing it and no one seems immune: Google, Amazon, Facebook, Walmart, McDonalds, Wells Fargo it’s everywhere!

There’s definitely not a lot of “confidence” or “certainty” anywhere in the system right now.

And yet in the midst of all of that, then I huddle up with my Inner Circle and they’re receiving paychecks!

Life-changing paychecks in many cases.

That’s not my words…

Let me share with you a personal message I received from one person in my Inner Circle.  

I’m withholding her name for privacy purposes but she did give me permission to share this.

Read this and try to not let a tear come to your eye as you realize in her own words: “I did not have a Plan B…”

Read here:

I got that message a few weeks ago but it still pumps me up reading it here again!

And that’s not the only one.

They come in all the time, people so grateful for the opportunity to live THEIR purpose and join our Mission!

Making money and having fun doing it all at the same time.

I’ve redacted some personal information, but check out three messages I just received recently from some good friends in the Inner Circle:

Ok, can I show you just a few more?

Sorry but I’m so proud of these people who have jumped in and changed their lives.

Here are a few more:

Now I have to give my standard disclaimer: RESULTS ARE NOT GUARANTEED.  I can’t promise you will do well or earn a ton of money.  The only thing I can promise you is the OPPORTUNITY.  And those who work hard and put in the effort and have drive and determination have tremendous opportunity here.

No promises, no guarantees in life.

But if you work hard and don’t give up and know how to take life by the horns and dig in?

Then you might just do very well.

But the reality is stuff like this comes in all the time and it pumps me up so much!

Not only is our mission changing lives but the people working with me in the Inner Circle are having THEIR lives changed right along with it.

As I said at the very beginning of this article, this is NOT for everyone, but it might be for you…

….if you’re a high performer…

….if you want to earn a supplemental income working with me…

….and most importantly if you’re a NICE person…..

….if your heart is beating fast right now knowing that everything I’ve typed above and everything in my video above is like it’s speaking DIRECTLY to you.

If that’s you, I want to connect with you.

I can’t make any promises, and I can’t even promise we will have any slots open, but if this speaks to you then I want you to send me your information and someone from my Inner Circle will get back to you if/when we have something open.

I look forward to hearing from you!

TAP HERE IF YOU WANT IN:

UPDATE: As of right now, we are currently FULL with over 200 workers on our Mission.  I am still accepting submissions but just understand you will be placed on a Wait List until more opportunities open up.  Thank you!  

Thanks for reading.

I can’t wait to see who this helps over the next month, 6 months, year or more.

We’re changing lives and I absolutely love it!

Noah out.