Monavie as it stands is but a shell of its former itself.

Mid 2014 saw founders Dallin Larsen, Randy Larsen and Henry Marsh abandon ship, leaving Mauricio Bellora remaining in charge as CEO.

Buying up debt owed to TSG-MV Financing,
Jeunesse
 pretty much purchased Monavie back in March.

Last Wednesday, not even two months later, it was announced that Monavie had defaulted on the debt. Bellora then revealed that

the board intended to agree to a “strict foreclosure.” That meant MonaVie would voluntarily transfer “substantially all” of its assets to Jeunesse.

In effect Jeunesse would absorb Monavie, above and beyond the acquisition
advertised back in March
:

Under the ownership of Jeunesse, MonaVie will have a strong financial partner offering them an enhanced balance sheet, significant economies of scale and an efficient operational infrastructure to support the company’s growth plan.

With the support of Jeunesse, MonaVie will continue its planned product rollout and international expansion.

Just one problem…

Monavie’s employees and their not wanting to get completely shafted.

Said employees were sold shares in Monavie for $186 million back 2010. Those shares promptly plummeted to worthlessness, losing ‘
nearly 100 percent in value
‘.

Now Monavie employees who were sold the shares, through an employee stock ownership program, have sued the Bankers Trust of South Dakota, the firm in charge of the program.

The lawsuit alleges Bankers Trust failed to fulfill its duties as trustee of the program by allowing MonaVie to sell shares at a highly inflated value using a loan carrying an exorbitant interest rate.

Worried they’d be left holding the bag, Bankers Trust turned around and sued Monavie, ‘
alleging it was failing to pay the bank’s legal bills as their agreements require.
‘

As part of that lawsuit Bankers Trust have also asked for a temporary restraining order halting the Monavie foreclosure, claiming that ‘
procedures for carrying out a strict foreclosure had not been followed.
‘

So basically you have Monavie riddled in debt, Jeunesse buying some of that debt from TSG-MV Financing LLC and telling everyone it’s going to be business as usual… and now a less than two months later announcing a foreclosure because Monavie can’t pay its debt…

…thus screwing over Monavie employees, who as I understand it won’t have any stake in Jeunesse if the foreclosure goes through, and are instead left with shares in nothing that they paid $182 million dollars for.

Again, this is what Jeunesse was selling the general public back in March:

Under the ownership of Jeunesse, MonaVie will have
a strong financial partner
offering them an enhanced balance sheet, significant economies of scale and an efficient operational infrastructure to
support the company’s growth plan.

Yeah, not quite fellas.

Personally I have to agree with Troy Dooly on this one (and a hat tip for the heads up!):

This ESOP deal seems as convoluted as ENRON!

It seems on the surfa

🤖 Quick Answer

What happened to MonaVie after Jeunesse's acquisition in March?
MonaVie defaulted on debt obligations merely two months following Jeunesse's March acquisition. The company's board agreed to strict foreclosure, voluntarily transferring substantially all assets to Jeunesse, resulting in complete absorption rather than maintaining MonaVie as independent entity under new ownership.

Who were MonaVie's original founders and when did they depart?
Dallin Larsen, Randy Larsen, and Henry Marsh founded MonaVie and abandoned leadership mid-2014, leaving Mauricio Bellora as CEO to manage the company's subsequent decline and eventual acquisition negotiations.

How did Jeunesse initially gain control of MonaVie?
Jeunesse acquired MonaVie by purchasing debt obligations owed to TSG-MV Financing in March, effectively obtaining controlling

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