JRjr33 Inc (JRJRQ)

[Following JR]

Foreclosure notice served today to JRJR / Longaberger.
See here: www.newarkadvocate.com/story/news/local/2016/09/21/county-warns-longaberger-basket-building-foreclosure/90778254/
I believe the large property tax liability was a known liability at the time JRJR (then CVSL) acquired Longaberger and it was baked into the purchase price. Wonder why JRJR is holding on to that money rather fulfilling its obligations to the taxpayers of Licking County who have supported the company for decades. (And if that liability was not baked in, then investors should worry about such a rookie mistake.)

JRJR has sold assets at every company they acquired, terminated long term employees, refused to pay vendors, paid themselves monthly management fees and made millions in related party transactions. This is a private company masquerading as a public company. Being run for the benefit of one family, NOT investor friendly. First comes dilution, then cash will run out and doors will close. By then the family would have taken out everything.

They are unable to produce audited financials and have warned that their previously reported 10Qs are not reliable!! Very high danger of de-listing.

Investors, make sure you understand the risks. (Two directors recently left the BOD).