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Read-my first-two posts on-this board:#2927-&-2995. Mid-August-2015.
What I wrote then, still holds up today. There is absolutely no value to Zalemark.
It was true then and it has proven itself out...but only worse than I originally thought.
Especially the drug selling conviction of Steven Zale and his being arrested on embezzlement charges along with his wife. Now that was unexpected. And the past bankruptcies and failed businesses. What a history here.
Nothing positive.
Material Events that Zalemark missed: crucial third quarter testing last year, Fall 2015 selling, Black Friday sales, Christmas sales, Valentine's Day sales and now Mother's Day. Promises, promises, promises. Always broken.
Thanks Pete: " Recent CandleStick Analysis" states VERY BEARISH!!!
Also look at Mick's post 7348 where it shows the "Consensus of 13 Analytics = SELL."
And remember those charts have been manipulated by ask slapping cheap trades of $10 or less at the days close. So the results would be even worse had someone not inflated the PPS.
There is no future to Zalemark. Way over burdened with debt. They owe more than four times their current accounts payables to their current accounts receivables. Which means for every one dollar supposedly coming in they absolutely owe more than four dollars.
And it has to get worse. The debts keep accumulating. There are minimum quarterly royalty payments to be made to Crayola and M&M's. There are no funds to make these payments and they can't trade stock for urgently needed funds as the stock price is to low in value. They continue to have huge losses, as they have had since inception. Between the negative retained earnings and the year end net loss, Zalemark is now over $8,000,000 UNDERWATER. Read the year end financial statement.
The end result is they will DEFAULT on both licensing agreements. They have to, as they haven't had the heavily touted promised launch with either Crayola or M&M's. There are NO SALES.
No major retailers purchased the jewelry in close to ONE YEAR. It was highly touted and shown to buyers at the biggest jewelry trade show last June. No one bought it then and it's obvious that the merchandise has no appeal or compelling reason for any store to purchase it now. Eleven months and no sales!
No "wishful thinking" will save this company. Start making the funeral arrangements.
The Zalemark boat-is-sinking and-taking the-last "long" holdouts-with-it.
Not one of the faithful longs can state why this company is still viable.
No launch of Crayola or M&M jewelry.
No other jewelry sales.
No profits.
Huge and ongoing losses.
No funds to pay expenses or loans.
Current accounts payables is four times their questionable current receivables.
No ability to borrow from Kodiak.
No audited financial statements or uplisting.
Fraudulent financial statements (no mention of a material fact; the JTV $4,000,000 lawsuit).
Zalemark surrendered the right to do business in California.
The "sweat equity" people are disgusted with Steven Zale and his mis-direction.
The Crayola and M&M jewelry product looks like it's for children but with adult pricing.
No major retailers liked the product since it was first shown at a trade show in early June of last year. That has got to tell you something.
The faithful longs can bury their heads in the quicksand but the problems with Zalemark won't disappear.
Hopes, prayers, charts and wishful-thinking won't-get-the PPS to-rise. Lack of sales and profits mean continued losses and a further decline in the value of Zalemark.
No one can provide any positive "evidence" that shows Zalemark delivered on any of its promises.
Investors don't want wishful thinking nonsense.
How will Zalemark make-the guaranteed minimum-quarterly Crayola/M&M's royalty-payments?
With no sales and no money coming in, and with accounts payables that are four times the questionable accounts receivable, it seems likely Zalemark will be in default on both its licenses. In looking over past financial statements and bankruptcy documents, along with news and press releases, you will see huge amounts of money owed to Hearst Corporation on Zalemarks failed Seventeen license. Also monies owed to Badgley Mishka and so many others. Do real "Due Diligence" and read these older documents.
The branding concept has NEVER worked for Steven Zale. Zalemark needs huge sales to support the minimum quarterly royalties. Again, read the "old stuff". Always closed businesses or bankruptcies leaving huge unpaid obligations.
DJPB: you haven't mentioned the "Crayola-launch" for-sometime now...why?
You told us for certain it was going to be third quarter last year. Then you revised that to October and then another revision to November and then absolutely the launch was to be for Christmas sales. But "the launch" NEVER HAPPENED. Even now, the Crayola jewelry hasn't had it's launch. You seem very connected to this company...are you changing your thoughts? You also have not mentioned the fact that the M&M jewelry launch is also overdue. That was promised for first quarter of this year.
Why the silence on the launches when you were do adamant about them last year?
Pand2015: we need-to-hear more of-your astonishing critical-thinking.
What do you think is happening? Do you still believe this is a good long term investment. If yes, why? Also if you have changed your mind and think this stock is a dud...also tell us why you think that.
Thanks.
Thanks Mick: Consensus of 13 analytics = SELL.
But that was obvious to me, when I looked at this stock in August. Zalemark has no earnings and no sales. Only HUGE losses and strangling debt, plus no potential to earn profits. This company IS NOT a merger/takeover candidate. They have nothing to offer. It doesn't even have bottom feeder attraction. The PPS has lost over 92% of its value since July 21 of last year. And it's decline deepens every year. Remember, ZMRK was trading for $1.50 a few years back. Now it is sub penny. Steven Zale built this company on false promises. All of his past endeavors have led to bankruptcies or closed businesses owing huge amounts of money. I still say bankruptcy is coming.
Steven Zale never delivers on what he says. Yet the loyal faithful followers keep drinking his Kool-Aid. You would think by now they would realize this company is going nowhere.
DJPB: so now you're happy with no new-lows.
What happened with your recent predictions that Zalemark would be selling above $0.09 and heading "way north"?
Now you are thrilled that Zalemark isn't breaking new lows!!! What a turn around.
Wishful-Thinking won't produce profits. Zalemark needs HUGE sales.
And they have no ability to do that. The desparate longs are hoping for a miracle that won't happen. It hasn't ever happened, even with all the B.S. Press Releases and News Announcements.
Only a fool would think this stock has upside potential.
The volume-and PPS won't increase-until Zalemark gets profitable-sales. There is no Zalemark jewelry (especially Crayola and M&M jewelry) in any stores. The Crayola and M&M styles that were created had no takers. The buyers "voted" by not placing any orders.
Remember, Steven Zale told everyone the product was going to be launched in the third quarter of last year. NOBODY BOUGHT IT. It's been exposed to major retailers and independent jewelers for ELEVEN MONTHS NOW. This company is led by a ex con who is now conning investors.
No news announcements or press releases have ever come to fruition. You don't have to SELL a great stock that has potential. Investors will sniff it out. What investors are sniffing now STINKS.
For over 8-months, the "chartists" have been wrong.
All the charts and all the "touting" of ZMRK hasn't produced a price increase. The PPS has been steadily declining. The charts have been manipulated by under $10 transactions near the close.
Zalemark needs sales to major retailers. They are "long" on promises but "short" on delivery.
This stock doesn't have the fundamentals to survive. Huge debt, no sales and inept leadership. If you had relied on the same chartists from last year you would have lost at least 80% of your investment. In my opinion, these are paid posters to tout the stock. There is no basis for anyone to believe Zalemark can survive.
No sales.
Huge debt.
Bankruptcy looms!!!
$ZMRK closing-prices are-usually manipulated by-a-trade of $10.00 or-less.
These charts are useless. What you do see is significant selling pressure (red volume days).
Here is what I would like to see:
Sales!!! Name the stores selling any Zalemark product. Especially Crayola and M&M jewelry.
Profits!!! Read the financial statements...only HUGE losses.
All the other "stuff" doesn't mean anything.
UPDATED: $ZMRK SECURITY DETAILS (not OLD news that-was-posted)
I am sure the "gunman" has his reasons for posting and also highlighting the old amount of "Total Shares Outstanding". But it seems to me that he is not current with reading and understanding the most recent Zalemark Annual Financial Statement.
The current CORRECT number of shares outstanding is (as I posted recently) 84,980,272...as of December 31, 2015.
Why would someone DELIBERATELY post relevant information from a previous financial statement dated September 30, 2015? Obviously, to make the stock look better.
Investors need to make better investing decisions by reading and understanding all financial reports, news announcements and press releases.
They shouldn't rely on someone who states "good news is coming" or "have patience" or "whatever".
Zalemark is to deep in debt to survive. Over $8,000,000 UNDERWATER between the negative retained earnings and their net loss.
And their accounts payables are over FOUR times their accounts receivables. They have no funds to pay anyone and they have no sales on top of that.
The only people that believe Zalemark's price per share is heading northward are desperate longs that bought high and are trying to tout this stock to other investors.
One other thing; is"dilution" coming soon? Last year the total shares authorized, doubled from 75,000,000 to 150,000,000. The desperate longs stated "there will be no dilution". But in reality for the two years ending this past December 31, 2015, the total shares outstanding went from 51,675,618 to 84,980,272. An increase of over 33 million shares. I have to assume the majority of that 33 million is restricted. But those restrictions have to be coming off soon. As soon as that happens those shares will become tradeable. And that is when dilution comes in. I-Glow, help me out. Am I correct in my thinking?
BTW: this could be a moot point when Zalemark files for bankruptcy.
Don't put your financial-hopes on Zalemark. It's really-over.
It's always promises for the future.
But they never deliver anything except losses. Their debt load is overbearing. No company can survive without an income stream. Steven Zale has always proven himself incompetent. He has never had a successful business entity. Only bankruptcies and closed failed business endeavors.
Crayola and Mars (M&M's) will not take worthless stock for their minimum quarterly licensing fees. Zalemark is deeply in debt with no chance to borrow urgently needed funds. It's over. Realize it and move on.
ANOTHER FAILURE from Zalemark. No M&M distribution as-promised.
From an August 17, 2015 Zalemark News Announcement:
"The M&M’S® Brand jewelry line will be available for retailers to preview in late 2015, with distribution in first quarter 2016. With price points ranging from $49 to $129, the new line will appeal to a wide range of consumers — from trendy twenty-somethings to style mavens and collectors of M&M’S® Brand memorabilia."
So the timeline last year was that Crayola jewelry would be launched in major stores in the third quarter. Plenty of time to get a test in and then get huge fall/holiday business.
And in addition, M&M jewelry would be shown to prospective customers in the fourth quarter of last year and major store purchase orders would be shipped out in the first quarter of this year.
BUT NOTHING EVER HAPPENED!!!
No sales or shipments. Why you ask; because nobody liked the product. It's as simple as that. There was no compelling reason to add a new vendor to their assortment plans.
Major store buyers are accountable for a sales plan achievement, profitability and turn of merchandise in their inventory. Crayola and M&M's could never reach the projected sales plans of any major retailer. The store buyers realized that the merchandise offered would not sell. So they never placed any orders.
No miracle or wishful thinking will change that.
No Crayola or M&M launch. Nothing-sold to any-retailers. No Zalemark produced styles are in any stores.
If I remember correctly, the M&M launch was to be in the 1st quarter of this year. So M&M jewelry didn't make it into any stores as well. Always a lot of "talk" but never delivering anything except financial losses.
Charts won't-make Zalemark move-north. Only sales will-do that.
And the charts are deceptively misleading when you have someone slapping the ask with trades of 100 to 1,000 shares. Big money investors are not buying because of charts.
Zalemark needs revenue and profits...something that it is incapable of achieving.
ZMRK buried-themselves with their B.S. "News-Announcements" and "Press-Releases".
They have "lied" to their investors so many times that it finally caught up to them. NOTHING EVER MATERIALIZED. Their credibility is gone.
Zalemark makes promises that they know can't be met. And they got investors to believe it. A few still do. But most have disappeared. There can't be any long term interest in a jewelry company that doesn't sell any jewelry. Sales is the grease that keeps the wheels from squeaking. No sales equates to no profits...only continued losses. This is a rusted out company that is ready for the scrap heap.
Steven Zale needed the PPS to rise dramatically. His plan was to get the Crayola and M&M licenses and make a sales forecast of $50 plus million in 2015. Net profits were to be around $25 million. Business people and accountants know that these numbers are absurd. But Steven Zale was hoping some sucker investors would buy into it. Many did. And he has stockholders and stakeholders that have individually given him over $1,000,000 each. Numerous investors did that hoping for huge gains. Read the financial statements. Over $8,000,000 in negative retained earnings and net losses. Where did that money go?
The PPS for ZMRK is not heading north as some naive investors think.
Sales are the driving force for a company supposedly selling to Tier 1 retailers. They haven't sold jack-$&@? to anyone. And Zalemark doesn't tell you anything...it's always from a wishful thinking naive investor that also doesn't know jack
There will be no audit. There will be no uplisting and there will be no stock for funding from Kodiak. The stock price can't support the funding. And then you also have the still open JTV lawsuit and the surrender to the California Secretary of State, to give up doing business in California. Clearly not a good sign.
Incompetent, inept and grossly stupid leadership. That was so evident when I got here in August of last year. I read over all the financial statements...they had GIANT red flags everywhere. I read all the news announcements and press releases, and I couldn't find anything that led to positive results. But yet, all the "touters" had their heads buried in the sand or as I surmised, one chartist touter was getting paid in stock or cash.
It now seems like the cat with nine lives has finally (and deservedly) come to an end.
The reason for "no-sales-to-retailers" is-the Crayola product-had no-appeal. The Crayola jewelry collection had exposure last year at the Las Vegas jewelry trade show in June and for months afterward. So please don't listen to what the desperate underwater longs have to say. The Crayola jewelry designs had no appeal to any major retailer. And it seems the same for the smaller independent retailer as well. There is no Crayloa jewelry in any stores. That should tell you something. So please don't listen to the paid poster that tells you to have patience or that good news is coming soon. There is no good news coming.
No sales, no profits, no credibility. Only continued losses, which means a further PPS decline.
"Longs" are-asking why-is-this happening? Investors FINALLY-realize it's-all-smoke and-mirrors. The interest in Zalemark has dried up. Everything that Zalemark, Steven Zale and Ernest Martel have said is always something to keep a "hold" onto their investors.
It's what I would call "future enticement". But investors eventually realize something is wrong when nothing positive EVER happens. Zalemark can't keep saying "stuff" without having something positive come to fruition. So now investors are doing real due diligence and not believing the remaining few underwater desperate longs that keep posting wishful thinking and labeling it DD.
The investment community interest in Zalemark is gone. The desperate longs continue to post press releases and news announcements that are not current and have never materialized.
Zalemark needs huge revenue based on a product being sold to major retailers not small independent jewelers. It hasn't happened in close to one year since Crayola was shown at a jewelry trade show in Las Vegas.
Zalemark is not fundamentally strong enough to wait this out. Their balance sheet is way out of balance with enormous debt.
The chartists and wishful thinkers can post anything they want EXCEPT they can't post anything that shows any stores carrying Crayola jewelry and they never have acknowledged reading and/or understanding the annual financial statement that shows huge losses. It's always "whatever" or "have patience". Or "great news is coming soon".
Closing the doors to Zalemark would be "great news" to me.
Retail-101: No major-retailer will-place an-order for Crayola-jewelry. Why?
Because of Zalemarks financial statements and its shaky foundation, not to mention the company is led by a ex felon who was sent to prison for dealing huge amounts of cocaine and also was arrested for embezzlement.
No major retailer will tie up "open to buy" money with a company they think may disappoint them on delivery. I have elaborated how retailers operate in posts last year. I won't spend the time now to reiterate. Zalemark represents a serious risk. Not only for delivery but because retailers want a vendor partner to "help them out" if the product doesn't sell. Zalemark most likely won't be around in the future to do that. There are so many other reliable jewelry suppliers out there, so there is no compelling reason to add Zalemark or Crayola as a vendor.
Charts mean-nothing. Fundamentals mean-everything. No sales=no profits=PPS dropping.
You don't need a Harvard Economics Professor to tell you that.
During 2015 and up until today, I have seen charts and posts that have expressed, what I would consider, extremely high expectations for a stock that has no fundamental value. If you look back at these charts you will see analysts that were bullish or even "extremely" bullish on this stock.
But if you look at the quarter ending prices, you will see a bearish downward trend. So, don't trust the charts. All the bulls have been proven wrong. There is a reason for this that equates to low float and stock price manipulation. You can see that with all those low volume trades that slap the ask. There hasn't been a chart shown here that is reliable. The quarterly closing prices are as follows:
$0.0524 on Dec. 31, 2014
$0.031 on March 31, 2015
$0.024 on June 30, 2015
$0.028 on Sept. 30, 2015
$0.01 on Dec. 31, 3015
$0.008 on March 31, 2016
$0.007 on April 15, 2016 (yesterday)
All of last year and up until today you still have chartists and wishful thinking investors stating the PPS is "heading north". It isn't...look at the closing quarterly prices above. All the charts and positive wishful thinking didn't make it so. FUNDAMENTALS will. Fundamentals are sales and hopefully profits, that will drive the price up. Zalemark needs a leader that understands this. Steven Zale is a "share seller" not a jewelry seller. Unfortunately, for his investors, there is no light at the end of this tunnel. You have lost your money and there is no way to recoup your investment in Zalemark. This company is bleeding out and there is no chance for survival.
Oh!!! So-the-next big "material-event" is-the Las-Vegas-show. No-Crayola launch-first?
The desperate longs have been posting about the Crayola launch since mid last year. Zalemark stated the launch was happening in the 3rd quarter of last year. When that didn't happen the desperate longs said October. Then they changed that to November...to be in stores for Black Friday. Then, December in time for Christmas. Then when Zalemark missed Christmas they said either Valentine's Day or 1st quarter of this year. But the fact of the matter is; Zalemark still hadn't launched Crayola jewelry...EVER.
And now one really gullible desperate long is changing it to "Las Vegas" in June as being the next "material event". The fact of the matter is those really gullible desperate longs have no relevant information...only "wishful thinking"...which they post as their due diligence.
I post facts:
Zalemark is out of money.
They have huge debt.
They have no ability to borrow funds.
They have no ability to pay anyone.
They are over $8 million underwater.
The "sweat equity" people want out.
The "street" is talking bankruptcy.
And Zalemark surrendered, to the California Secretary of State, their right to conduct business in California. Zalemark has only one domicile and that is in California.
Steven Zale is incompetent. That is a fact backed up by past bankruptcy's, failed business endeavors and huge amounts of monies owed to stakeholders and creditors. And, I am not bringing up his past criminal behavior that landed him in the slammer for three years. He has NEVER made money for his investors.
The Steven Zale branding concept could only work when there is a proper infrastructure in place, backed by financial support to properly promote the brand. But first and foremost you need compelling products, beautifully designed, made well and priced right. The product that Zalemark is featuring is horrible. Forget what I personally think of the designs. The fact is that the Crayola jewelry product that Zalemark designed and tried to sell has not been purchased by any major retailers in close to one year. That is a huge red flag. AND, there are minimum royalty payments that have to be paid or Zalemark will lose the license. There is no money. Their debt is strangling them. This company has no foundation...it's built like a house of cards which is ready to collapse. Look at all the past press releases and news announcements...not one of them has come to fruition. Read their financial statements. Red flags everywhere. The million dollar investors of the past didn't listen to their accountants or financial advisors. Their million dollar investment is basically worth nothing. And their association with Steven Zale has put a bad light on them as well.
As I have stated in the past; longs should buy more shares if they truly believe in the future of Zalemark. And buy them direct from Zalemark. They will be restricted for a few months but you should be able to get them at least half price to what they are publicly trading for.
$Pete: the "big-news" to-me-is-that Zalemark hasn't-filed-for BANKRUPCY yet.
Low-Float stocks can-sink quickly, especially when-there is no-interest.
Zalemark has been on it's downward spiral for years. It's not changing it's direction now. They have no sales, and the "fine jewelry" has the appearance of costume jewelry for children, certainly not designed for adults. The jewelry show in Las Vegas will be as successful as the one last year, when they debuted Crayola AND announced their collaboration with Super Bell...no one liked the product being shown then, as evidenced by NO SALES. An announcement was made then that Crayola was being launched in retail stores by the end of September last year. That never happened because no retailers purchased any merchandise. In fact you still can't find Zalemark produced Crayola jewelry in any stores. That confirms no retailers liked the product. There is HUGE debt and no sales or profits. It's really "wishful thinking" that Zalemark will survive. Not an ounce of fact to support the PPS going higher. The only thing I see in their future is bankruptcy.
Welcome to the REAL Zalemark: No-Sales, Huge-$$$-Losses.
Only Press Releases and News Announcements that never come to fruition...posted by desparate (and quite gullible) investors that purchased this stock at much higher prices. Zalemark sells shares of stock; certainly not any jewelry.
Read the financial statements. Between the NEGATIVE RETAINED EARNINGS and the NET LOSS for the last fiscal year, Zalemark is UNDERWATER by over $8,000,000. The current Accounts Payable is more than four times their current Accounts Receivable. There is no way out for Zalemark, except to file for BANKRUPTCY.
Zalemarks branding-concept has NEVER worked. Always losing money.
Read the financial statements, press releases and news announcements; well over 30 "involvements", but no money was ever made off these brands/concepts/ideas. Only HUGE losses, including bankruptcies, failed businesses and always monies owed to creditors.
To those diehard gullible longs that keep defending Zalemark...you have your heads buried in the quicksand. There is no future to this "joke of a company". Steven Zale has bled it dry.
Zalemark is-a-loser company, led by-the most-inept people.
Starting with Steven Zale. No design or business sense at all. This has been proven by a lack of sales and repeated losses. So, of course there is no volume...who in their right mind would want to own this stock. Only the stupidest of wishful thinkers would think this stock is "heading north".
Note to new investors: read the past financial statements...also read the past PR and news announcements. Nothing ever came to fruition.
Note to existing investors: you're in trouble.
The-end of-Zalemark is-near. No-money. No-sales. No-profits. NO-CREDIBILITY.
No chance of survival.
The Retained Earnings and Net Income are a NEGATIVE $8,000,000. There is no chance that any investor will ever get their money back.
The Crayola-jewelry collection was-to-be released-in-the 3rd-quarter of last-year. Zalemark is close to being SEVEN MONTHS LATE in the launch of product. Zalemark will not have a major launch of Crayola product because the product hasn't been tested in any stores. Steven Zale blew it again. NO MAJOR RETAILER WANTED THE PRODUCT. It's the same thing with M&M jewelry. I think the biggest reason now is the fact that Steven Zale is a convicted DRUG DEALER who spent three years in prison. He also was arrested for EMBEZZLEMENT along with his wife.
Major retailers and prestigious consumer brands don't want to be associated with a known criminal. It's just not good for their image.
No-Audit, No-Kodiak-Funding, No-Crayola or M&M-Sales. No-Profits. Only-Losses.
The press releases won't get the PPS to rise. Only legitimate sales and profits will do that.
Desperate underwater investors will post old press releases that have never come to fruition.
This company is led by the most inept loser...Steven Zale. Read the annual financial statement. Over an $8,000,000 LOSS in net income and negative retained earnings.
You can't recover that much money. Bankruptcy looms.
"Signs engagement-letter". What-a-joke. Zalemark stated-that in 2010.
Why spend the money for an audit when you have nothing to audit. Don't you think Zalemark should spend the money on trying to get bonafide orders from major retailers first? The only reason Zalemark was going to get audited was so they could trade stock for much needed cash from Kodiak. That can't happen until the stock price is much higher. And the stock price is not going higher until Zalemark has legitimate sales and profits. And that won't happen as they have too much debt to propel this company forward. They are in quicksand and sinking deeper.
Desparate UNDERWATER investors still-posting old PR some-from 2014.
Reposting a press release about Compralux from MAY 2014. Wasn't that part of the PoshTV bankruptcy that Zalemark was involved in. What revenue did that venture ever produce? Nothing positive...only losses.
News-announcements and press-releases haven't attributed to-any sales.
Zalemark needs to figure out how to get sales...followed by profit. Sales and profits don't come from the news announcements and PR. The current PPS is much lower than it was last year and much much lower than years before. Zalemark needs revenue that can produce profits. This company, and also Steven Zale, has never done that. Only losses, failed businesses and bankruptcies. The reason you will continue to see more PR and news announcements is because the inept Steven Zale needs the PPS to get much higher so he can try to exchange shares of stock for urgently needed funding. And to qualify for the funding, ZMRK needs audited financial statements. That is just not going to happen. You have to be a legitimate ongoing concern and there are way too many questionable red flags on the financial statements for that to happen.
So Zalemark should forget the B.S. press releases and concentrate on running a "normal" jewelry business. But Steven Zale has pissed away more than $8,000,000 over the last few years and they have no sales coming in. Zalemark is burdened with enormous debt. They can't survive. I still "hear on the street" that three "entities" are talking about an involuntary bankruptcy.
Note to investors that can read and understand a financial statement:
Read the 2015 annual report. The numbers don't make sense.
I have stated that often that I always seem to get a response from a few underwater stockholders that the financial statements look good to them. They say that because they have no idea or comprehension of basic mathematics. One plus two equals five; that seems right to them. Wishful thinking is not "due diligence".
Crayola-jewelry hasn't-sold in-almost one-year. No retailers liked-it. Otherwise there would be some sales. There are none!!!
Steven Zales branding concept has NEVER worked. Always losing money on everything he touches.
Zalemark is to far in debt to go forward. Their Accounts Payables are more than four times their Accounts Receivable's. The combined net losses and negative retained earnings are well over 8 million dollars. That $8,000,000 is a NEGATIVE. The reason for no sales is quite simple. The jewelry is not suited for the intended market that Crayola is trying to reach. I-Glow is correct; this is jewelry styled for kids...not adults. The problem is that another company has the license to produce Crayola costume jewelry. So if you are looking for a stock that is "headed north", this isn't the one. Zalemark is led by an inept businessman who also has an inept sweat equity team following their leader. They keep getting stock instead of money so they think they can't leave. These are not bright people as they should have left years ago for a "real paying job".
More B.S. from Zalemark. 2015 Financial Projections:
From a 2015 mid year press release.
Sales: $58,300,140.
Net Profit: $24,194,694.
If you read the 2015 annual financial report you would see that between Net Profit (which was a loss) and the negative Retained Earnings, Zalemark is UNDERWATER by OVER $8,000,000.
BUT the ex felon Steven Zale can write anything he wants in a press release and some stupid investors will believe it.
Zalemark has been touting transparency for ages. Telling investors about getting their financial statements audited. That hasn't happened yet and won't happen. And you can't "uplist" without the statements being audited. And you can't get Kodiak funding without audited statements, and other critical documents have to be filed with the SEC.
HUGE debt and no sales. I still say BANKRUPTCY is eminent.