Vemma Injunction Up Date: Lose $3.8 Million In First Quarter 2016


April 3, 2016 Facebook Twitter LinkedIn Google+ MLM & Affiliate Marketing News



Scam Alert Vemma lose $3.8 million in first quarter of 2016

Vemma lose $3.8 million in first quarter of 2016

Posted: 02 Apr 2016 12:33 AM PDT

As part of the preliminary injunction granted against Vemma last year, the company is required to file quarterly reports. The takeaway? Vemma lost $3.8 million dollars in the first quarter of 2016. Vemma’s explanation for the ongoing losses, despite revenue increasing slightly each month, is the appointment of the Temporary Receiver last year. Vemma slam [Continue reading…] Source: Vemma lose $3.8 million in first quarter of 2016

Once the Company completes its resolution of the extraordinary expenses caused by the Temporary Receiver’s actions, the Company will be operating in a profitable manner.

Due to demand for its innovative nutritional products and customer loyalty, Vemma anticipates that its sales will continue to grow.

Read the full article and join in the discussion over at BehindMLM.

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