Thursday, December 10, 2020 2:15:37 AM
Rachel refused to endorse the sale of the company to CVSL (the Rochons).
At that time Longaberger was privately held.
The sole share holders were Tami, Rachel and the estate of Dave Longaberger.
In order to force Rachel to sell her shares in TLC she was fired which per company by laws required her shares to be sold.
She did NOT receive shares of CVSL or JRJR.
Rachel was to be paid monthly over several years for her shares in TLC.
Tami's shares of TLC were converted to shares in CVSL which became JRJR.
Those shares had no voting rights and were not eligible to be sold for a certain period of years and only if trading volume was reached certain bench marks.
Rachel never owned any stake in CVSL/ JRJR and Tami's shares remained unsold due to the devaluation and bankruptcy.
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