JRjr33 Inc (JRJRQ)

[Elisa daggerknife]

Yes they are taking capital out via "consulting fees" paid to Richmont at the tune of 2 million a year. The history is pretty twisted:

Tami Longaberger hired Richmont consulting to help manage Longaberger. Richmont bought CVSL and turned it into what it is now and convinced Tami to sell Longaberger to them under the premise that they would save it, preserve the legacy of the company and save jobs. This transaction was not made with cash, but with CVSL stock. They then laid off all of Longaberger management, sold all their properties, worked their employees to death, stole money from Tami then fired her. The 6 million in stock has tanked down to about 300,000 dollars at this point. So yes, jrjr scammed Tami out of the company for 300,000 dollars. They did the same thing to Tomboy tools, paperly, etc. Promised help and then bled them dry and forced the owners out.

Meanwhile, they are making their own company salaries (John rochon jr is CEO of them all) plus millions in consulting fees, while working in a Dallas penthouse.

I don't even need to remind you that they don't pay their taxes or their bills, so they are syphoning money off of small rural areas and mom and pop businesses.