JRjr33 Inc (JRJRQ)

[JT_1974]

There is talk that a group consisting of multiple entities (including state, county or local municipalities) may file an involuntary bankruptcy petition against Longaberger's parent company JRJR Networks Friday. Company representatives have been non-responsive to continued requests for payments due and any response received has been an attempt to call into question the validity of taxes and other payments that are clearly due. If the parent company can be forced into a liquidation scenario, it is not only possible but likely that Longaberger's operations would fall back into local ownership where payments were always made in a timely fashion. The extended Longaberger family still owns (though various trusts) approximately 49% of Longaberger and it stands to reason that JRJR Network's perilous financial situation will leave them scrambling to find avenues for retaining control of its other assets if forced into the liquidation scenario and its Longaberger stake may be one of the few assets it owns that would have a willing and able near term buyer. I have just learned of this situation and I am asking investors here to answer this for me - why would a company that the market gives an enterprise value of close to $50 million continue to dodge ordinary tax payments that all companies have to pay, refuse to pay vendors and generally take actions that alienate the people in the communities where they operate?