JRjr33 Inc (JRJRQ): WHAT A DISASTER!! REVENUE DOWN 30%, LOSS...

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Monday, 05/11/2015 8:10:02 PM

Monday, May 11, 2015 8:10:02 PM

WHAT A DISASTER!! REVENUE DOWN 30%, LOSSES MOUNTING, For the quarter ending March 31, 2015, reported revenue was $19.2 million compared to $26.7 million in the first quarter a year ago.The net loss for the quarter ending March 31, 2015 was $4.9 million, compared to a loss of $3.1 million in the same quarter last year.
THEY ARE RUNNING OUT OF CASH ALREADY: Net cash used in investing activities for the quarter ended March 31, 2015 was $13.8 million, as compared to a net cash provided by investing activities of $4.4 million for the quarter ended March 31, 2014. The Company used $18.9 million to buy marketable securities and had proceeds of $8.9 million from the sale of marketable securities. $0.3 million was used to upgrade the IT infrastructure.
MORE RAISE AND DILUTION COMING!!!!

Net cash provided by financing activities was $18.1 million for the quarter ended March 31, 2015 compared to net cash used of $2.0 million for the quarter . . .

Our reported results were in line with the Company's expectations, said John Rochon Jr., CVSL's vice chairman and chief financial officer.
THAT IS HILARIOUS!! IN LINE WITH HIS EXPECTATIONS??? LMAO.

STOCK GOING BELOW $1 AND ANOTHER SPLIT WILL BE DONE.
IT'S GAME OVER FOLKS!! SORRY..