Uh Oh Looks Like Kaptur Was Taking Lessons From Paul Wohlfart

From a story in Just-food http://www.just-food.com/news/spartan-stores-inc-to-merge-with-seaway-fo...

Grand Rapids-based Spartan Stores, Inc. and Toledo-based Seaway Food Town, Inc. (Nasdaq:SEWY) today announced that the companies have reached a definitive agreement to merge.

The merger will consolidate Seaway, a leading regional food retailer with approximately $680 million in sales and $32.6 million of EBITDA for the trailing 12-month period ended February 26, 2000, into Spartan's retail network.

Seaway's Chairman Wallace Iott and his wife Jeanette Iott and Chief Executive Officer Rich Iott have agreed to vote shares representing 19.9% of the outstanding shares of Seaway in favor of the merger. Similar voting commitments have been provided by Spartan Stores' directors.

Uh Oh. Ms. Kaptur says Rich sold the company after taking it over from his father Wally. Looks like the SEC has a different story. Ms. Kaptur says she has SEC filings to prove it was a sale not a merger. They must be different then these.

Paul Wohlfart must be consulting.

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Merger or sale it was parsing words. Rich Iott (or is it Rich Idiott) wanted nothing to running the company. He got out the fastest way he could.

Rich Iott

It's Ms. Kaptur who's parsing. She claims to have SEC documents that prove it was a sale. Bring it on if you have them Kaptur.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Rich Iott (or is it Rich Idiott) wanted nothing to running the company. He got out the fastest way he could.
So what? It was his right to do so. Ever heard of the freedom to choose? He CHOSE to unload HIS company because he did not want to run it. BOO-FUCKING-HOO.
People who have this attitude that someone elses labor or property is only there to provide a social benefit just kill me. This guy was a private citizen, he had no obligation to run a company that he didn't want to run just so that some people could keep there job. NO ONE OWES YOU A JOB!! PERIOD!!!

The fruits of MY labor are not a social commodity.

This type of thinking is why the country is in the shape its in. Leadership has responsibilities to its workers, the community of which they reside, and the country. If we go with this type of thinking then Adolph Hitler, in a free market, would have every right to do whatever the damn well he wants to do, evil or not!

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

You clearly are an imbecile if you think you can legitimately compare an American citizen selling a private business to Adolph Hitler. That has got to be the most stupid comment I have ever heard.
The responsibities of the employer to his/her workers only exists so long as the employer is the employer. If the employer decides to sell his/her company, then those responsibilties no longer exist.
NO ONE OWES YOU A JOB!!!
PRIVATE COMPANIES ARE NOT WELFARE PROGRAMS!!!
WE DO NOT LIVE IN THE SOVIET UNION!!!

The fruits of MY labor are not a social commodity.

Now you take my words out of context. The country as a whole has been misled by this belief of free trade and free markets. Why do you think totalitarian Communist China is beating us at every turn? They have a 10% growth rate the U.S. dismal 1.8%! They manage their economy, they target industries with government support. The dumb asses in this country believe in la la theories of free trade and markets. Ain't no such thing!!! Now go take Economics 101 over again. If you think Chinese dollar and hour wage rates are worth competing with then I got some swampland in Michigan I want to sell you... Fool!

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

How so? "This type of thinking is why the country is in the shape its in. Leadership has responsibilities to its workers, the community of which they reside, and the country. If we go with this type of thinking then Adolph Hitler, in a free market, would have every right to do whatever the damn well he wants to do, evil or not!"
These are your words, are they not?
This country has not had a free market system in over 100 years. Government interference has all but destroyed it. If you think that communism is such a great system, maybe you should move to China and enjoy life in there totalitarian utopia. We the people have no use for Commie morons anyway.

The fruits of MY labor are not a social commodity.

Rich Iott is running on the fact that he is a successful business man who knows how to create jobs. Define “success”; Define “create jobs”…

If Rich Iott had just taken the money and ran off to Hollywood forever, no one would give the douchebag a second though, but to return to NW Ohio and claim how successful he is, is asinine.

It's as asinine as WSPD’s Bran Wilson giving financial advice.

Also Fred – Did I hear you pimping for your boss Brian Wilson’s upcoming financial seminar here in the Toledo area? Isn’t this the same area that he was told to leave for “medical reasons”? Is this the same Brian Wilson who decided that he didn’t need to pay on his Wood County house? So this guy can’t or won’t pay his bills, but he’s going to give financial advice?

One and the same, yep.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Well the press release sounds like it was written by Larry Kudlow. We've heard this rosy type of reporting before with a local car company Chrysler. The newly minted C.E.O. Bob Eaton made the disastrous decision to merge Daimler Benz with Chrysler. Bob Eaton with three years of experience as Chrysler C.E.O. started a chain of events that led to Chrysler's bankruptcy. http://www.allpar.com/ed/2006/purge.html The merger enriched Bob Eaton and a handful of top staff but the company soon was gutted of its wealth and left for dead. The employees had done everything management asked of them, Lee Iacocca had established a rainy day fund of 7.6 billion from employee concessions which Daimler ransacked for its failed world domination of the auto industry. Thank God for the employees we had Marcy Kaptur who voted with saving her constituents from the ravages of unregulated cowboy capitalism. With the loans to Chrysler and GM 50,000 Toledo area active and retired autoworkers were given new life and saved the Toledo area from financial disaster.

Nice try Fred but I'm in no way affiliated with the Marcy Kaptur campaign. Many are silent here but as workers we have a different view of the world than those from the top looking down.

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

I see Paul that you still haven't come to grips with the fact that the facts of the merger, equal partners or not, are vastly different than what Ms. Kaptur claims. It's her ability to lie with a straight face that led me to believe you might be working with the campaign. If you aren't working for her then she comes by her lying on her own. I know you and senselessG won't fact the truth in this matter, it probably as hard for you to admit as when you found out there wasn't a Santa Claus. Although come to think of it you two still think Santa Claus lives in the White House.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Are you losing it here Fred? You sound irrational maybe delusional. You post a silly racially charged picture and a childish colored picture of Marcy. Are you working as a consultant for the Iott campaign?

Hippie Fred here's a little nostalgia that you've seemed to forgotten over the years.

"The most important kind of freedom is to be what you really are. You trade in your reality for a role. ...You give up your ability to feel, and in exchange, put on a mask."

~Jim Morrison~

Now get out the fur coat Fred and let your freak flag fly!

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

Did they ever get Morrison out of the bathtub he was found in?

I'd like to hear you explain how the simple act of posting a picture, without even any commentary with it, can be construed as racist.
Can the truth be racist?

"We're all riding on the Hindenburg, no sense fighting over the window seats"-Richard Jenni

Can Paul Wohlfart be truthful is more to the point.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Lefibber slow down! Damn for a fat A$$ you sure are working the local blog sites faster than a cat covering SH/%! Man what's the hurry we still have till November to skin this cat! ;-)

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

What we're seeing here, is the ongoing collapse of the democrats' party, and one persons'(Geppettos' son) sad inability to cope with it.

From the April 2000 SEC filing
On April 7, 2000, the registrant, Seaway Food Town Inc., an Ohio
corporation ("Seaway") entered into a merger agreement with Spartan Stores,
Inc., a Michigan corporation ("Spartan") and Spartan Acquisition Corp., a
Michigan corporation and a wholly-owned subsidiary of Spartan ("Merger Sub").
Under the terms of the proposed merger, Seaway will be merged with and into
Merger Sub, and each outstanding share of Seaway will be converted into the
right to receive a cash payment of $5.00 per share and one share of Spartan
common stock. In connection with the merger, Spartan shareholders will receive a
dividend of 0.336 shares of Spartan common stock with respect to each share they
currently own. The merger agreement provides that the closing of the transaction
is conditioned upon, among other things, the approval of the holders of a
majority of the outstanding shares of Seaway common stock, approval of proposed
charter amendments by the holders of a majority of the outstanding shares of
Spartan common stock, the accuracy of the respective parties' representations
and warranties and their compliance with covenants contained in the agreement,
the effectiveness of a registration statement covering the shares of Spartan
common stock to be issued in the merger, and the receipt of customary regulatory
approvals. If it sounds like a merger, looks like a merger, and is filed with the SEC as a merger, then it is a merger. I'm waiting for Ms. Kaptur to apologize.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Aren't these the same lame goofs who couldn't catch Bernie Madoff even when given evidence of wrong doing? They have no teeth, the staff was inexperienced and underfunded, just like Wall Street likes their regulators. Lets see we had the following White Collar Criminals who were caught after it was to late:

* Boesky, Ivan
* Castellano, Paul
* Ebbers, Bernard
* Fastow, Andrew
* Forbes, Walter
* Grass, Martin
* Kozlowski, Dennis
* Lay, Kenneth
* Mark Swartz
* Rigas, John
* Scrushy, Richard
* Skilling, Jeffrey
* Sullivan, Scott
* Waksal, Samuel

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

Who believes wolfart dogboy? A proven liar!!! You are 100% UNcredible. YOU have PROVEN that. You have DISCREDITED YOURSELF (see below newbies)

Sounds like dogboy's Kaptur is now going the "who believes the SEC" route? HAHA--- Guess why, cause Iott is correct. Kaptur is wrong, or lying if you prefer.
Dogboy---since you have clearly demonstrated you know nothing about the complexities of running a business, much less the SEC, here's an assignment for you: Look up the penalty for lying to the SEC. You MIGHT finally learn something. But then again....

What a loser. But, hey-keep it up--You're only helping the opposition---

You are on ignore. You've proven what and who you are on this blog to everyone.
I encourage all newbies to check out his past posts, esp. this one:

Apology to Cassie Wilson
Submitted by wolfman on Fri, 2010-08-27 01:55.
Apology to Cassie Wilson
I have falsely stated on this website that Cassie Wilson was fired and/or laid off from her employment at WSPD and Clear Channel. This is a lie. Mrs. Wilson voluntarily resigned her position as Director of News Operations in May, 2009. I regret implying otherwise and offer this public apology to Mrs. Wilson and will cease writing any statements in the future about status, her marriage, or her public records.

We are all born ignorant, but one must work hard to remain stupid.-Ben Franklin

For a man with no balls leghumper talks a lot of Sh#t.

We have a word for people like that, a little bitch(pun intended).

MikeyA

Paul Wolfarth of Ottawa Lake Michigan publically posted that he's a liar, but now calls Fred a fibber, and asks 'who believes the sec?"

But this is also the same Paul Wolfart (h deleted intentionally) who regularly posts from 'the Daily Show' whose tag lines (courtesy Wiki) include:

The mistrusted name in news.

When News Breaks... It's News to Us.

More people get their news from the Daily Show with Jon Stewart... Than probably should.

All the news our sponsors approve of.

The Daily Show - the only news program with no credibility left to lose.

As seen on a New York City billboard: The Daily Show: The most trusted name in fake news.

They wouldn't be called news stories if we didn't make something up.

Exactly which doctrine does Cedarcreek or down the river or whatever their name is teach? Cedarcreek must not teach too much because you do not appear to be a Christian.

I dont attend that church nor have I ever - but as far as your judging me? How many places in the bible does it warn about the dangers of prostitution? yet you advocate a red light district at the same time you claim falsley to be an ordained minister yourself.

Or what about the diner in Maumee that you libelously tried to paint as an unclean establishment because your worthless pal got fired, when it was proven beyond shadow of a doubt that your claims were false - both from a spotless inspection report AND testimony by several reliable people including the mayor of Maumee?

Check out the verse about the plank in your eye Harley before you worry about judging others. Because the one you're sportin's the size of a master beam...

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

Obviously does not have any idea as how to run a business or he would not have sold Foodtown. He hurt the local economy and helped drive up food prices by elimination of competiton from Foodtown. Now he lies and blames it all on WalMart. What a crock!

HA!

This coming from an Opal Covey supporter! Too funny.

MikeyA

That is an acquisition, not a merger of equals. See how Spartan created a shell corporation (Spartan Acquisition Corp., a Michigan corporation and a wholly-owned subsidiary of Spartan), then merged Seaway into the new company?

There's a city full of walls you can post complaints at

Richie Rich Iott sold Foodtown and took the money. He did not care how many men or women he cost their jobs and retirements. He is not a job creator by any stretch of the imagination. Richie Rich is a money grubbing job destroyer. By the way, has Richie Rich Iott ever been married? He looks like a pampered sissy.

Sarge, that's pretty much my view on the matter. I welcome businessmen to run for office, but the trick is: You have to be a real businessman, just just one of the capitalist scum who only make money through cashing out the middle class, lowering the quality of products and services, and by playing financial games with monetary instruments instead of building physical business infrastructure.

I'll be seeking the Libertarian vote yet again this November. Neither Kaptur nor Iott represent the working man's representative for Northwest Ohio.

I must end this diatribe to remind Republicans once again why you can't get votes in NWO... it's because you're not really fiscally-prudent, moral men. For fuck's sake, you have the immoral twat Stainbrook claiming to lead you. Until you return to your moral, fiscally-conservative roots, you will always be a distant second in this region. Literally, there's no point in even running candidates, since you're only going to demonstrate in election after election what losers you really are.

Keep up the fire for liberalism - talk often, and talk loudly.

Two dumbasses like you representing the left is just what conservatives need!

BTW, Harley - you still stumping for Opal Covey?

Stupid little sandy haired dummy. Go kiss butt some more in Maumee at that unclean establishment. Richie Rich Iott has about the same IQ as you. ZERO!

Harley (aka Knucklehead) - are you still calling for council to create a redlight district down town cuz ya cant get any anywhere else?

And as always, moron, remember - I can back up anything I say about you with YOUR words...

Sarge I believe you're right Richie Rich grew up in privilege. Daddy got him his job an fast tracked the youth to be the possible poster child of the Peters Principal. When one is raised in this type of environment many times they tend to become pampered or spoiled as some would say. Yes the FoodTown employees lost their Middle-class jobs with benefits including retirement. But what confounds me is this arrogant steadfast belief of not helping companies that are hammered by no fault of themselves in a system that let Banksters steal America. Richie Rich has stated he would NOT have supported the bailout/loans. This means Richie Rich would have increased unemployment in Toledo to over 25% because 50,000 UAW active and retired would have been bankrupted by the loss of jobs and opportunity afforded them from good paying manufacturing jobs. Of course none of this would affect him being the wealthy benefactor of the FoodTown empire. On top of that the whole economy would have shed even more jobs making the irresponsible leader again the pariah of not just FoodTown employees but the orchestrator of NorthWest Ohio's economic collapse. This cannot be over emphasized no matter the ideology these industries are key to the economic success of the area, to stick to a rigid belief system at the cost of thousands of jobs is just not acceptable. Get a load of this interview! http://www.wgte.org/wgte/item.asp?item_id=7201#
In the interview he states he will make the hard decisions he's not a career politician and he'll not worry about making hard decisions whether the voters reelect him or not. Kind of like a rogue representative that is unaccountable to his constituents. Wow! That's who I want representing me!

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

?

"Wow! That's who I want representing me!"
Don't you live in Michigan? Ohio's 9th district does not include Ottawa lake, Mi. therefore he would not be representing you should he win. Just thought you might like to know.

The fruits of MY labor are not a social commodity.

Listen up spider lady Marcy does represent me. She done much for Toledo autoworkers of which I'm included.

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

Yeah she done much for him.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

The only problem it is a sad joke. How men can actually be paid to go on there and rant and rave about our leaders is beyond me. Where are the solutions? I never hear a solution from the so-called conservatives, they offer nothing but criticism. Newt Gingrich criticized President Clinton for getting a blow job from Monica at the same time he was getting one from his secretary. Hypocrite! Rich Iott calls himself a "job creator" after destroying 5,000 Foodtown jobs. Hypocrite and liar! Fox News calls itself "fair and balanced". A blatant lie! Come on so-called conservatives offer some constructive ideas instead of destructive lies and character assassinations. I say it is time to reinstate the fairness doctrine.

Granted some of those guys are complete nut jobs, but you still aren't listening with a receptive mind. When somebody tells you that "you're spending too much money", it's both a criticism and a solution. The solution is implied yet obvious: Stop spending so much money.

Can you even hear what we're saying to you?

As for the so-called Fairness Doctrine, the fairness already existed. You're perfectly free to buy up frequencies and broadcast your own viewpoint. Anything else is literally Liberal Fascism.

I despise WSPD, but I'd pick up a rifle to defend their liberty to speak. They bought their station frequency fair and square. Compete with them, but don't you dare try to use the power of government to shut them up.

Sarge says "How men can actually be paid to go on (WSPD) and rant and rave about our leaders is beyond me". It's called free speech in America. Your right the Dems have solutions, socialist solutions. How do you know Gingrich was getting a blow job were you there watching? Rich Iott didn't destory 5000 jobs Sartan did, Sarge says reinstate the fairness doctrine, why you already have TV and all the of the print media so now you want talk radio to, how fair is that? Mr fairness doctrine. You need to research the facts for yourself instead of listening to the media, who no longer have any ethical value to themselves or the people. The media now has an agenda and that is to see that Obama succeeds at all costs... But that won't happen because the people have awaken, except those who are stuck like yourself.....

"DTOM" {1776} " We The People" {1791}

How men can actually be paid to go on there and rant and rave about our leaders is beyond me.

MOST intelligent statements are beyond him... You'll notice he's got no problem ranting and raving against conservatives, thus once again using his own words to prove his own hypocracy...

But then, we've come to expect that, so at least he doesnt fail to dissapoint.

How so?

The fruits of MY labor are not a social commodity.

I say“ The liberties of a people never were, nor ever will be, secure, when the transactions of our government are forced upon us"

"DTOM" {1776} " We The People" {1791}

Amen.

The fruits of MY labor are not a social commodity.

Opal Covey should run against Marcy. It could be the battle of the do-nothings. LONGEST CAGE MATCH EVER!!!

MikeyA

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