JRjr33 Inc (JRJRQ)

[JoshTaeger]

Very similar to what happened w/ Richmont's JV w/ PURE (IV7Direct). Started out in one direction; changed completely when that didn't work; eventually disappeared (to the best of my knowledge). CCs were full of hyperbolic sales talk (it was an MLM, after all).Things seem to go south quickly when an alleged deal to sell product in the Mid-East (Asia) went nowhere. I expect PURE and Richmont can share in the blame.

One might dismiss the JV as a small bump in the road. You won't see it on Richmont's web site. But if you look at what Richmont lists as investments over the last 10 years (as amiguously as they may be described), there's only a few. For that matter, you won't see Nukote listed there, either.