Primerica Inc (PRI)

[michamil]

Primerica keeps denying they are MLM, but they are. My sources:
- Wikipedia https://en.wikipedia.org/wiki/Primerica
- Was name in a MLM magazine for 2017 https://bestcompany.com/mlm/company/primerica/
- They are members of the DSA and actually in number 12th place biggest MLM's
http://directsellingnews.com/index.php/view/dsn_announces_the_2017_global_100#.WUfbs-srLRY
- Refer to page 15 on the IPO prospectus from Primerica. They fully acknowledge "they need to recruit. I quote the sentence and under it I will put the link to the IPO documents

QUOTE "If our new business opportunities and products do not generate sufficient interest to attract new recruits, motivate them to become licensed sales representatives and incentivize them to sell our products and recruit other new sales representatives, our business would be materially adversely affected" UNQUOTE

Link (page 15 under "Risk Factors" https://www.sec.gov/Archives/edgar/data/1475922/000119312510075332/d424b5.htm#toc59788_2?
- Finally, they have the 3x3 fast track. An incentive to recruit 3 persons in 30 days to receive 300 bonus. Yet they don't such a thing for just being a good seller!