Why Glen Jensen might be a good fit for JRJR -
Glen Jensen was fired from the company in 2011 when Agel explicitly accused Jensen of lying to the company, conspiring against the company, abusing his authority as CEO, misusing company funds and using company resources to try to build a competing company. While he was on the Agel payroll. They sued him for it.
After getting sued by Agel, Jensen started an MLM that he said would "... unequivocally change direct sales as we know it". It was a forex trading MLM called Uprize, but it disappeared about a year later. It seems that he left Uprize to start another MLM company called "Go Fun Places". It was shut down by the SEC just a few months after he arrived and a $30 million lawsuit was filed. The whack-a-mole game continued when he popped up next at a company called Epic Era and was soon the individual named in a corporate lawsuit for "corporate espionage" and a host of other charges that amount to lying, cheating and stealing while breaching a contract.
This is the last five years of Jensen's career that the JRJR news release announcing his emotional return to Agel seemed to overlook. Forget the last five years and focus heavily on the two decades ago part right?
Over the next seven days, the slackers among small cap companies will be posting their Q1 results. Shareholders of JRJR are betting that JRJR will file its fourth quarter 2015 report over the next 7 days. The company has explained that the delays were because of a new auditor (even though the auditor has been there for a full year), because of a new ERP software system (new = installed in 2014) and because they have operations in 43 countries and its hard to pull all that information together (and 43 countries is exactly the same number of countries they were in the last time they had to file a 10k and the exact same number of countries they were in for the 10k before that).
Friday JRJR closed at 99 cents, its first close below $1 in a few months. But there were over 30,000 shares for sale at $1 for the last half of the day and it has seemed that there have been large blocks for sale for several days now. I guess we will see how many sellers show up as each day counts down to the next SEC deadline with no announcement from the company about filing that 10k from last year.
