Basket-maker Longaberger and its parent company, JRJR Networks, are under scrutiny from various quarters over unpaid phone bills and late financial filings.
And a potential source of revenue, its iconic basket-shaped headquarters in Newark, isn’t attracting much interest from potential buyers.
The latest issue to arise faces the parent company. Dallas-based JRJR Networks owns direct-sales firms including Longaberger.
Late Thursday, the publicly traded company announced it will file its quarterly earnings report late — again. It was also late in filing its annual report and and its first quarter report, too.
Issues like this can threaten the company’s ability to trade shares on the New York Stock Exchange.
“It doesn’t lend an aura of confidence,” said Eleanor Bloxham, a corporate-governance expert based in Westerville. A late filing “does happen, but it’s not usual.”
After its tardy