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Zalemark PPS declines further every year.
Steven Zale plead guilty to embezzlement charges.
Zalemark is led by a drug dealer felon.
Zalemark is INSOLVENT. No money to pay anyone.
$ZMRK heading into BANKRUPTCY. NO SALES, ONLY LOSSES.
I-found-this-board-one-year-ago. ZMRK-was $0.04-now-it's-sub-penny.
That was before it was revealed that Steven Zale had multiple run ins with the law.
A cocaine bust that landed him in prison for three years. Also, Zale plead guilty to embezzling hundreds of thousands of dollars from his wife's employer. Zale was also arrested for being a felon having a gun in his possession.
And yet with all of the above there is one chartist that buys into the scam. Zalemark is insolvent. They have had no sales or revenue in years. Zalemark siphons jewelry and money out of the company then writes off the invoices as Bad Debt. Who did they invoice the jewelry to? Who is getting HUGE Professionsl Fees, who is getting the huge Consulting Fees, who is getting Salaries and Wages? All the money (over $8,000,000 underwater) must be coming back to Steven Zale, the convicted felon.
Mick: ZMRK is a scam. Led-by-a-felon-con-man.
All jewelry and monies get siphoned out. Read the financial statements.
No sales at all. Big losses. Huge expenses that somehow get back to the officers and directors along with Steven Zale and his family. Over $8,000,000 underwater. Who got this money?
They continue to put out phony press releases to entice new investors.
Read my posts...but please read the financial statements.
Triple-zero's-coming. Zalemark-is-worthless. Stockholders-and-lenders-were-conned.
No sales, continued HUGE losses. Assets being stripped and missing.
Money taken out as Professional Fees, Consulting and Salaries and Wages (with no provision for taxes being shown or expensed anywhere...a red flag). And the jewelry gets shipped out on an invoice that later turns to Bad Dept. Who were the recipients of these "expenses"? Very likely Steven Jeffery Zale, the officers and directors. I hope they all get the jail time they deserve.
Zalemark is led by felon Steven Zale. He served three years in prison for dealing cocaine. He plead guilty to embezzling hundreds of thousands of dollars from his wife's employer. He is a con man. I truly believe he has taken millions over the past few years from Zalemark. ZMRK is insolvent. Over $8,000,000 under water.
Zalemark is a scam. No-Sales. Follow the money.
It gets written off as Expenses:
Professional Fees
Allowance for Bad Debt
Consulting
Salaries and Wages
This is a company that has had no legitimate sales. They invoice to get jewelry out of the building and then write off those sales a at a later date as bad debt.
And who is getting those HUGE Professional Fees. The same with Consulting. There is no sales so why would you need those two big expenses.
And now we see Salaries and Wages show up on the last two statements BUT no provisional expense for state or federal taxes.
Zalemark is led by the con man, drug dealer, embezzler Steven Zale.
Zalemark investors should "kiss their money goodby"!!!
All monies are gone. Zalemark owes huge amounts of money to lenders and accounts payables. They have no collectable accounts receivables. It was all phony invoicing that gets written off the books as bad debt.
This is a scam company. Read the financials. It's so obvious. All press releases and news announcements are B.S.
ZMRK has had the Crayola license to produce fine jewelry since 2014. Not one piece is in stores. The company is insolvent. Steven Zale is a felon. He spent three years in prison for dealing huge amounts of cocaine. He embezzled hundreds of thousands of dollars from his wife's employer. He plead guilty to those charges. He was arrested and had a gun in his possession. A felon is not supposed to be carrying a gun. This company looks like it was set up just to scam investors.
Zalemark-is-INSOLVENT.-No-past-sales.-No-future-sales.-Jewelry-inventory-gets-invoiced-and-then-those-invoices-get-classified-as-BAD-DEBT at a later date. Who got that jewelry? The officers and directors are led by the founder Steven Zale, a convicted felon that served three years in prison for dealing huge amounts of cocaine. He also plead guilty to embezzling hundreds of thousands of dollars from the company his wife worked for. Zalemark is a scam company and the stock is worthless.
Read the financial statements.
Zalemark definitely should be trading in triple zero's. They have no future sales and any past "fraudulent, in my opinion" sales and or revenue has been wiped off the books as Uncollectible Bad Debt. They have close to $200,000 in Accounts Receivable that has been on their books for way over 6 months. That also will be reclassified as bad debt. There is missing inventory from one financial statement to the next. Expenses are being reclassified. Who received funds for Salaries and Wages? And who received funds for Professional Fees? And who got the jewelry that was shipped out last year and in previous years...and then written off as bad debt?
I bet that is why Ernest Martel quit. He knew it was coming to the end. Ernest, if you are reading this, turn yourself in now. Do a "plea deal" and tell the truth. Your prison sentence will be lighter. My guess is that all the officers and directors along with the "advisors and consultants" will be indicted. And Steven Jeffrey Zale will become a three strikes felon under California law. Greed and no morals did them in.
It-looks-like-all-Accounts-Receivables-for-the-past-few-years-have-never-been-paid. The-Allowance-for-Bad-Debts-over-the-past-few-years-is-greater-than-those-total-sales. Phony invoicing that gets merchandise out of Zalemark and then those invoices get written off to bad debt. Who got the jewelry? My opinion is that it came back to Steven Zale somehow in cash or ????
Here is the link to the 2nd-quarter financials:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=158053
The financial statement is a disaster. Shareholders Equity is what is left for the stockholders after everything is liquidated. Where does Zalemark come up with $7,687,389 as Shareholders Equity, which is also the same number mentioned as Capitol Stock.
Zalemark doesn't have a pot to piss in yet they throw in over 7 million dollars as Equity. Ridiculous.
Zalemark is insolvent. Much more debt than the B.S. assets. And no ability to pay those debts...because they have no sales. Zalemark sells shares of stock not jewelry. And when they do sell jewelry its at a loss or they write off those phony sales later as Uncollectible Bad Debts. The company is led by a felon and his cohorts while the shareholders and stakeholders get screwed.
So if you are still hoping for an audited statement or getting uplisted or getting financing from Kodiak....it won't happen.
$195,909 Accounts Receivable hasn't changed in-well-over 6 months. Not one cent was collected on these receivables. Who owes this money? And for what? On the 2015 year-end financials Zalemark wrote off $283,609.59 as uncollectible. It's quite obvious that whoever Zalemark is selling merchandise to, its either for less money than Zalemark paid for those goods. OR, they are selling "so called customers" to "launder" money back to themselves when they write off those receivables as Allowance For Bad Debt at a later date.
Which leads me back to the $195,909; when will this amount be written off? The reality is that any sales made by Zalemark are "tainted" and certainly not legitimate. It looks to me like they make sales to generate revenue on their books...but they have sold merchandise for less money than it costs them. Additionally, ZMRK could sell it at any price because they know that sale will be written off at a future date. The more closely I look at the financial statements the more red flags keep showing up.
Remember, Zalemark is led by a convicted felon who served three years in prison for selling huge amounts of cocaine. He also plead guilty to embezzling hundreds of thousands of dollars from his wife's company. And, also something about carrying a gun while a felon. A real "no-no".
ZMRK's-2ndQTR-financials-came-out-with-3-month-sales-of-$1,446.46. ZMRK-sold-that-jewelry-at-a-LOSS...cost of goods sold was $2,026.35. Couple that with NO SALES in the first quarter, and that gives you $1,446.46 in TOTAL SALES FOR 6 MONTHS. Showing a QUARTERLY LOSS of $119,295.35. This is with both Crayola and M&M jewelry licenses. Licenses that require a minimum quarterly royalty payment. The TOTAL LOSS for six months is $272,801.87. The Crayola license was signed in 2014 and still no product sold, or in stores. And no M&M jewelry anywhere either. Why this company is still in business amazes me. No jewelry stores placed orders in Las Vegas. That was quite obvious. So, no future sales and no past sales. Even an idiot should be able to see that spells DISASTER.
Also, I noticed 5 million shares in debt conversion at $0.02 to Blue Pine Industries on April 1st of this year. Who are they and what did Zalemark owe them for...a loan, work or??? And for what purpose? All suspicious in my opinion.
And now we see old Professional Fees of close to $115,000.00 being reversed out. Part of this 115-thousand is being converted and expensed to Salaries and Wages. Wouldn't you like to know who gets those dollars? Did Zalemark hire a personal chef to "cook" the books?
Next, I want to analyze the missing inventory I have posted about in the past and compare the last three quarters so I can see if more inventory somehow "disappeared".
But look at the financials yourselves and let me know what you think:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=158053
DILUTION: In-a-little-over-three-years the-"float"-has-increased-from 19,640,807 to 30,323,847. And the Total Shares Outstanding went from 46,554,027 to 85,980,272. In addition the Total Shares Authorized doubled. From 75,000,000 to 150,000,000.
In summary:
The float increased over 50%.
Total Shares Outstanding increased 85%.
Total Shares Authorized increased 100%.
All being done as the PPS CONTINUED TO DROP, AND Zalemark racking up HUGE LOSSES each year.
The big concern is the 39 million+ shares that have increased in Total Shares Outstanding. Most of those shares were "restricted stock". Those shares will be added to the float. Which means the existing float will more than double causing serious dilution. The restrictions have to be coming off soon, or have come off and have just not been reported properly. This will cause the price to drop at least in half.
Also, there are approximately 64 million shares in the Zalemark "kitty". Remember last year when The Felon had the secret board meeting and doubled the amount of the authorized shares. The convicted felon needed to do that. Those additional shares are for making payments to lenders, accountants, lawyers, suppliers, the sweat equity people, the Inept Felon himself (and his wife...read those financials) etc. etc....which means further dilution of the share price.
This is real DD. Not wishful thinking hoping the stock price will rise as posted by some desperate underwater investors. These are hard cold facts.
I keep stating Zalemark is out of money...they are INSOLVENT.
Show my posts and the Zalemark financial statements to your accountants. Do your own due diligence before buying, selling or holding onto Zalemark stock.
If smart investors thought ZMRK was deserving-of-their-money-the-volume-and-PPS-would-be-soaring. The stock market is like water. It finds it own level. There is no integrity to ANYTHING that comes from Steven Zale, Raymond Ruiz and Zalemark. You can't trust what they say. They are always "crying wolf".
Low-floaters-drop-fast-with-selling-pressure. Can-you-imagine-when-a-desperate underwater sheep wants to sell a huge chunk of stock. There are no significant buyers for Zalemark. The price will drop like the anchor of the Titanic.
You can believe me or the underwater chart guys. They have been touting "buy" since I got here with the PPS at $0.04 in August of last year.
Zalemark is INSOLVENT. Don't get your hopes up. Read the financial statements.
1st Quarter 2016:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=155115
4th Quarter & Annual Report 2015:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=151588
3rd Quarter 2015:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=147063
2nd Quarter 2015:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=143228
1st Quarter 2015:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=138237
DILUTION: What-happens-when-the-restriction-on tens-of-millions-of shares, gets-released?
The float could almost double.
It's called DILUTION. Those shares are a ticking time bomb to shareholders.
The PPS will drop even further.
More-haha's. ZMRK-has-no-sales-only-HUGE-LOSSES-and-is-led-by-an-incompetent-idiot-who-has-never-had-a-business-that-made-money. Steven Zale along with Raymond Ruiz has had bankruptcies, closed business entities and has left a trail of unfulfilled financial obligations. Throw the sleaze bags out. Audit the company...please.
Haha-again: Over-2,500-Hallmark-stores-and-none-purchased-Crayola-jewelry. Hallmark owns Crayola. That is proof enough to know the collection was a failure. Zalemark, Steven Zale and his inept team had over one year to sell a Hallmark store and they couldn't. Not one out of more than 2,500 stores...Steven Zale is bleeding this company to death. Read the financial statements. Look at the exorbitant Professional Fees and now in the last quarter we see listed HUGE Salary and Wages. Who gets these payments. Are they friends of Steven Zale? How has Steven Zale been able to support himself all these years. What about the $130,000 plus in missing inventory from the first quarter financial statements. Where is the "transparency" that was bantered about last year?
Haha...ZMRK is INSOLVENT & they have NO-SALES. Yes, the low floaters can jump up or down quickly. But when the stock gets "pumped up" there are no buyers at the inflated PPS. That is why the stock ALWAYS drops. There isn't enough volume to make any serious money. That is why you and the other longs are losing money. The first quarter financial statement was exactly as I predicted. NO SALES and HUGE LOSSES.
The second quarter isn't going to be much different. The underwater desperate longs should stop drooling over the phony press releases. Not one of them ever came to fruition. All diversionary and misleading. And the charts mean nothing when you have an "ask slapper" that inflates the PPS with under a $10 purchase.
From-$1.40-to-sub-penny-in-five-years. $8 million-pissed-away-by-Steven-Zale. Investors have been conned for years. Zalemark is insolvent and they don't have the ability to pay their financial obligations. They had absolutely no sales or revenue for the first three months of this year. Read the financial statements. They wrote no business at the Las Vegas wholesale jewelry shows. The inventory is disappearing and payments were made to "who"...for Professional Fees and Consulting? And who received Salaries and Wages? Again, read the financial statements.
Price per share closing:
July 1, 2016. $0.009
July 1, 2015. $0.022
July 1, 2014. $0.15
July 1, 2013. $0.20
July 5, 2012. $0.34
July 1, 2011. $1.40
No sales or revenue in the first quarter of this year.
And a net income loss of $163,506.02.
Huge ongoing expenses for Professional Fees plus salaries and Wages along with Business Filings, Licenses and Permits. And Travel expenses. All together totaling over $160,000.00.
And how much was spent on Marketing? This would be the amount of money to help sell the jewelry...$1,405.00. The huge princely sum of fourteen hundred bucks. This is what was spent to try and promote and sell both Crayola and M&M jewelry collections. So when I say Steven Zale is inept, that is an understatement. Everyone else is a puppet of Mr. Zale.
And BTW for those that are not aware of Steven Zale's background: He was arrested and charged with dealing huge amounts of cocaine. He was sent to prison where he was incarcerated for three years.
AND...he and his wife were arrested for embezzlement of her employer to the tune of hundreds of thousands of dollars. Steven Zale plead GUILTY.
When I looked at the 1st quarter financial statement that was released earlier this year I saw over $130,000 of missing inventory which was on the previous year end statement and I also noticed that a crucial page was missing.
Totally inept and in my opinion "criminal". No wonder Ernest Martel quit. The "insiders" must know that Zalemark is dying and their shares are worthless. I think the only two that are there on a full time basis are Steven Zale and Raymond Ruiz. Is this where the missing inventory is going?
Steven Zale is a con-man. You've-been-conned-and-you-just-don't-know it...yet.
After years of denial, it was finally revealed late last year that Mr. Zale served three years in prison for selling huge amounts of cocaine. And he also plead guilty to embezzling hundreds of thousands of dollars from his wife's employer.
"The leopard doesn't change his spots."
And you are only fooling yourself when you say "no dilution". I have explained and revealed that in one of my previous posts.
Buy more shares if you want. That's the easy part. Selling them for a profit is the hard part. Every year the PPS drops lower. But this year they are insolvent and have no sales/revenue. The inventory keeps "disappearing" and money is being funneled out of the company to unexplained entities: Consulting Fees, Professional Fees and now we are seeing Salaries and Wages. But no provision for taxes on those Salaries and Wages. That is a red flag right there. It's all bull shit. It's so obvious what this company is doing. The investors are being conned.
"Captivate", "well-received", "strong-interest", "distribution"...but-it's-all-Bull-Shit.
The Las Vegas jewelry shows have been over close to two months ago. And still no retailers bought any product.
From a early June press release.
Crayola & M&M’s Brands Captivate
JCK Show Buyers
June 10th, 2016 - Zalemark Holding Company received accolades’ for the design and originality for two launching brands, Crayola Fine Jewelry and M&M jewelry at the 2016 Las Vegas JCK Jewelry Show. The 2015 soft launch of the Crayola Fine Jewelry line allowed Zalemark to fine tune its’ designs for a full collection launch at 2016 JCK. A highlight of the collection was incorporating the luxurious Cultured Nanosital Stones* to showcase beauty, color, and consistency, at attractive price points. The end result a very consistent brilliant Crayola Color palette.
The M&M Brand with its’ signature iconic styling was a hit. M&M being a recognized iconic brand lends the concept of wearable art seamlessly and was beyond well received by many at the show. The M&M collection also features Cultured Nanosital Stones* as part of its’ design in order to offer appealing market price points.
Raymond Ruiz Zalemark’s CEO states,” We are excited the group effort has paid off. It has been a labor of love and belief in the brands. Zalemark will begin distribution arrangements immediately”.
Zalemark has already received strong interest from many independents and major chains for distribution of these two brands.
Somebody-just-pissed-away-almost-$4,000. Maybe-to-price-average-what-they-already-are-holding.
Not a smart move.
Plus-the-fact-that-I-personally-believe-I-am-one-of-the-posters-that-contributed-to-ZMRK's-decline-and-loss-of-investor-volume.
Jan-Dec-2012: Total-Sales...$9,992.11. Licensing Agreement-expense...$175,000.
Steven Zales licensing concept has always been a failure. One year he pays out 175 grand and the next year the total sales are under 7 grand.
Jan-Dec 2013: Total Sales...$6,708.72.
But yet someone got $19,189.96 in Consulting Fees. And the total expenses were $68,082.41.
Jan-Dec 2014: Total Sales...$90,979.29.
But the Allowance for Bad Dept in 2014 was $490,175.72. How can that be? In the three year period; 2011-2012-2013, the total sales were under $108,000. How can you write off $490,175.72?
And BTW: Professional Fees in 2014 were $421,860.42.
Jan-Dec 2015: Total Income...$683,918.42. (Note: It states Income, not Sales...not sure why.)
And Zalemark wrote off $283,606.59 as Bad Debt. How much more Bad Debt can we expect to be written off of the "Income" in the future? My guess is a lot.
Bottom line:
Who is Zalemark selling jewelry to? Is this a means of getting inventory out of the company through fraudulent sales and then writing those sales off as bad debt later? Does the proceeds of those "write offs" somehow get back to Steven Zale and his cohorts?
Who is getting the exorbitant Professional and Consulting Fees?
Who is receiving Salaries and Wages?
Over $130,000 in missing inventory from the year end statement to the first quarter statement. Where did that inventory go?
Why aren't the desperate underwater longs posting these questions? And remember that they wouldn't be underwater if they read and questioned the financial statements and the phony press releases.
And why is the "Bid" at $0.0065? Zalemark is insolvent, led by a convicted cocaine dealing felon who plead guilty to embezzling hundreds of thousands of dollars from his wife's employer. And Zalemark has no sales, and the losses keep mounting. Nobody in their right mind would think this company can sustain itself, let alone go higher in price.
Greed, without proper-due-diligence, will certainly lead to losses.
Would the million dollar whale investors (and there were many) have given Steven Zale their millions had they known he was a convicted felon and an admitted embezzler? I don't think so. They were conned by Steven Zale, Raymond Ruiz and the recently "retired" Ernest Martel.
But my main concern is; who really received the $8,000,000 that has been "expensed" out...mostly to Professional Fees? Who were the people or entities that received these funds? Did this money come back "somehow" to Steven Zale, Raymond Ruiz and Ernest Martel.
And to those smaller investors that thought this stock would be rocketing into orbit; you relied on someone telling you this was a great investment. You didn't read the financial statements or press releases. Or if you did, you read them with blinders. Right from the start (mid August of last year) I saw this company had no merit. Just a bunch of unsophisticated investors following others that said they did proper DD.
If something doesn't seem right, then ask questions. Don't rely on any chart guys or cheerleaders telling you this company can fly. It can't. Zalemark is out of money and has no sales. None at all. Read those financial statements. And take those blinders off.
Worth repeating from a January 17, 2016 post.
Steven Zale/Zalemark cannot market Crayola because of-the following:
The branding concept takes:
MONEY; consumers are well aware of the Crayola name. But the association is with kids crayons not jewelry. Advertising to the consumer is not cheap. To change a brands direction to jewelry will cost a few million dollars in promotional funding. Zalemark doesn't have the funds.
DESIGN; Steven Zale, for years, has had no products selling in the stores he listed where he says he is an authorized vendor. Just more Zalemark B.S. Zalemark is NOT a current vendor to ANY of the stores listed. His designs are not current or compelling enough to get a major department store or jewelry chain to make a purchase.
NO INFRASTRUCTURE; to sell the "big boys" you need sophisticated computer systems in place. You need to be EDI compliant with a number of different major retailers. Incoming orders need to be confirmed via electronic data transfers. ASN's (advanced shipping notices) must be transferred as well, along with invoices, etc. etc. Zalemark doesn't have the equipment or people to do this.
SALES; this is the big one. Without sales (and there hasn't been any for years) there is no fuel to keep this company going. No sales, no profits...no nothing.
It has been the Steven Zale B.S. shuffle...excuses and delays over and over again. But really, the truth of the matter is there was no compelling reason for a buyer to purchase Crayola jewelry. The department store consumer (like a Macy's) is very different from a jewelry store (Kay's or Helzberg) customer. If the merchandise was relevant to those stores, then buyers from these prestigious retailers would have placed test orders from their selections at the Las Vegas jewelry show in early June of last year. But they didn't like the product...hence, no test orders. But Steven Zale didn't tell the investors that. The third quarter launch never happened. There was never an announcement from Zalemark...only the "desperate longs" that made excuses on this board trying to get the PPS to rise.
And every month when their predictions of the launch failed they postponed the launch date. First to October, then for sure in November and then absolutely in time for Christmas. And when all of that failed to yield any results the launch was supposed to be postponed to January. And now they are saying Crayola will be "testing" in time for Valentines Day. (Well V-Day has come and gone and Mother's Day is next week.) Merchandise won't be in a major department store or jewelry chain...that's for sure.
Possibly Zalemark can place some goods in a few small independents, but again that won't give them the serious sales revenue they have to have to keep afloat.
All the posts regarding "the audit" or the Kodiak financing won't happen. Steven Zale is spending money to hype his stock when he should have spent the dollars on design, sales and marketing.
And that video he made was pathetic. Begging for pity. Finally admitting he spent three years in prison for drug dealing. But he try's to diffuse his involvement. He did the same with his arrest on the embezzlement charges. It's always someone else that led him astray. Kinda like Gideon and Honest John who wisked Pinocchio away to Strombolies Caravan.
And Steven Zale and Mr. Stromboli have a lot in common; deceitful, greedy and wanting fast easy money at someone else's expense.
Millions and millions of investor's hard dollars and equity have been "urinated" away. All the naive followers of the Pied Piper who have invested sweat equity will never get any compensation. I really don't feel sorry for them as greed overcame morality.
And still no announcement from Zalemark regarding the JTV $4,000,000 lawsuit.
And again, why did they file to cease doing business in California? The only location where they work out of is California. Why so silent on that.
Too many questions and no answers. Always excuses and delays.
Bankruptcy is eminent.
Is-this-how-Steven Zale-is-siphoning out-money? "Allowances-for-Bad-Debt"-and-"Professional Fees".
My assumption is that Zalemark is sending merchandise out to "friends". Then not collecting on those accounts payables and then writing it off as "Allowances for Bad Debt". I would like to know what merchandise was sold to those "bad debt" accounts. And the names of those bad debt accounts. It's very suspicious.
Also, who is collecting the enormous "Professional Fees"? Are these funds going to friends or relatives of Steven Zale or Raymond Ruiz? Again, very suspicious.
The investors should have a right to know. There should be an investors audit committee that verifies all expenses.
RECAP of Bad Debt and Professional Fees:
$912,000 in 2014
$556,000 in 2015
$79,000 in Professional Fees in the first quarter of this year.
Plus a new category shows up; Salaries and Wages for $52,500.
So in the first three months of this year when there was not a single sale made, $131,500 was spent on Professional Fees and Salaries and Wages. And in addition, I calculate over $130,000 is missing from the inventory levels from the end of last year to the end of the first quarter this year.
Also, let's not forget the background of Steven Zale. He is a convicted felon. He served three years in prison for selling huge amounts of cocaine. He also plead guilty to embezzling hundred of thousands of dollars from his wife's employer. He is a sloppy con man. Although he may have gotten away with other criminal activities that were never discovered.
So if you are "feeling lucky", give him money. Go ahead..."make his day".
DJPB: Are you still a believer? Has-Zalemark-sold-anything?
I know you talk to Steven Zale...do you still believe everything he says?
Pete: Cut-to-the-chase. Any Crayola-or-M&M-jewelry-in-any-stores? And-the-answer-is: NO!!!
A-year-ago-ZMRK-hit a-high-of-$0.09. It-has-lost-90%-of-it's-value-in-a-year.
The buy is at $0.006 but the "ask slapper" keeps making trades of $1.00 to $10.00 to goose the price up to $0.009. So really the value is closer to a 95% loss.
The reason for the price drop is quite clear. NO SALES and HUGE LOSSES.
Plus a horrific branding concept that costs Zalemark quarterly royalty fees even though they haven't sold any licensed product.
And another reason is that Zalemark puts out press releases and news announcements stating future business endeavors and/or acquiring much needed funding or how they are going to be audited etc. etc. But it never happens...it's all B.S. Zalemark, the convicted felon Steven Zale and now Raymond Ruiz are total failures in business but yet they both seem to be living well. They have bled the company which was supported by investors money.
Over $8,000,000.00 of investors funds has been pissed away in the last few years. Where did these funds disappear to? The first quarter financial statement for this year showed no sales or revenue...even though they had licensed Crayola and M&M jewelry. Only huge expenses showing a loss of over $163,000 for the three months. Plus over $100,000 is missing in inventory.
Zalemark is run by scam con guys. And the leader is the con man himself Steven Zale. Remember this is the guy that plead guilty to embezzling hundreds of thousands of dollars from his wife's employer. And he was imprisoned for three years for selling huge amounts of cocaine.
Zalemark is insolvent. They owe more than four times their ability to pay what they owe. Read the financial statements.
So to the sheep that still follow Steven Zale...you will follow Zalemark as it files for bankruptcy. Or Steven Zale will just close Zalemark down as he has done with other companies he was involved in...leaving huge unpaid financial obligations.
I do hope that my posts show the few remaining sheep that their "wishful thinking" has run out. I really don't care if you buy, sell or just hold Zalemark. Just be more informed to "reality" and stop relying on "hopes and dreams" (and on B.S. Press Releases).
$ZMRK has no-sales and no-orders...only-HUGE-losses. But-it-still-has-believers.
"DJPB1984 Wednesday, 09/30/15 01:25:33 PM
Re: None
Post # of 7874
No matter what negative posts appear here, this is heading north and nothing can stop this! $$$ZMRK$$$"
BTW: The posts were never negative. THEY WERE TRUTHFUL.
All the "positive" posts were just wishful thinking.
There is no Crayola or M&M jewelry in any stores. The licensing deal was signed in 2014. Hello...it's now in the latter half of 2016. Zalemark with it's much touted jewelry collections; Crayola, M&M's AND DEMETER (btw...Demeter was supposed to have a new celebrity "face"...that didn't show up) couldn't write any business in Las Vegas. But a press release comes out signed by Raymond Ruiz that states Zalemark "captivated" the jewelry buyers at the trade shows. That was two shows; one at Caesars and the the other at the Mandalay Bay Convention Center. And they didn't write any business. Everything and I mean EVERYTHING that emanates from Zalemark is B.S.
Can anyone name a press release that came to fruition. There was one. But it tried playing up a 649% increase in business but what they neglected to tell you was the amount of sale in the previous year was negligable. They also didn't tell you about the loss they incurred. Zalemark never states the truth. But you still have a few sheep that follow the wolf...Steven Zale convicted drug dealing felon and embezzler.
I-Glow: I just can't believe anyone would invest-in-Zalemark. It seems that there are three "sheep" hanging on that still believe the con man Steven Zale. All others have "seen the light".
If they read the first quarter financials they would see: No sales (zero-zilch-nada), $160,000 net loss, plus the huge amounts of money spent on Professional Fees, Salaries and Wages, Filing Fees and Travel expense. All big red flags that the sheep overlook. Plus a crucial page from the financial statement that was left out of the filing. And the missing $100,000 plus inventory that was there on the 2015 annual statement but somehow disappears on the first quarter 2016 statement. How come the sheep aren't questioning those items? The sheep should be saying "It looks baaaad".
Hey Mick, stop-believing-the-PR-from-ZMRK. The-company-lies-to-its-investors. Not one press release or news announcement ever came to fruition. Zalemark is led by a con man. A convicted felon and an embezzler. Imprisoned for three years for selling huge amounts of cocaine. Plus he plead guilty to the embezzlement charges. The company continues to lose money every year and they don't have any sales or orders in the pipeline.
Mick; Zalemark-NEVER-did-the-audit-and-they-can't-get-the-Kodiak-money-as-there-is-no-equity. Zalemark-is-INSOLVENT.