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      "text": "Peloton's Board members appear to lack key skills sets and attributes that Blackwells believes are essential to overseeing a turnaround of the business",
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      "text": "Blackwells is disappointed that the Board only recently appointed its first supply chain professional after experiencing a litany of well-documented inventory issues that led to the Company halting production on bikes and treadmills",
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      "text": "More than half of the Board is comprised of current or former insiders and venture capitalists, several of whom have deep, longstanding relationships with each other",
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      "text": "PELOTON'S BOARD STILL HAS SIGNIFICANT DEFICIENCIES",
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