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No problem Beef. I'll-gladly-help-you lose more of-your-money.
Five "big" could get you 2,500,000 shares. Zalemark can't go to Kodiak. Remember it was an additional 75 million shares that were authorized. But with no money to pay bills or sweat equity people those extra shares have been eaten into.
So maybe when we see the year end financials we'll get an idea of what's left of the 75 mil. If it's 50 mil that's left, at a worth of $0.001 per share or less then there is no money to keep this company afloat.
Why Zalemark keeps spending money (that they don't have) on audits and licenses is truly beyond me. It's proven to be a failed concept for Steven Zale. They should have spent the money on promoting jewelry instead of promoting the stock.
Not sure how to reply except buy-more shares.
But seriously, why don't the longs that believe in Zalemark for the long term buy restricted stock at a very reduced price direct from Zalemark. Normally you could buy stock at half price or less. That was before the doubling of the amount of shares. My guess is that with a actual price in the mid sevens your purchase price should be a maximum of $0.002. Do yourself a favor and also Zalemark as they are desperate for funding. Make a big purchase if you really believe in the company. This is the perfect entry point as the price just hit a historical (or is it hysterical) new low.
Is this the new "entry-point"? A historical new-low-today.
Zalemark does-not have what it-takes to-do serious business.
Crayola needs compelling designs that the millennial customers want. Not some rehashed older styles. Steven Zale is inept. He is long past his peak (not sure if there ever was a peak). They need a younger talented designer that connects with the consumer and the department store buyers.
Zalemark also needs a sales team that knows and understands their customers needs. Obviously they don't have that either.
And you need funding to get and entice both the department store buyers and the consumer to purchase your product. You also need funding to get intelligent and talented planning people to work with the buyers and the sales team. In addition, Zalemark needs highly sophisticated technology and systems that coordinate with their customers systems and they need an impressive manufacturing and distribution network to make sure the right merchandise is shipped to the right stores on time...every time.
Look at what Steven Zale told you: last years sales projections were 58 million dollar$. And the loyal longs bought into this number without questioning it.
There is some old saying about pigs getting slaughtered.
But keep believing what Steven Zale or Ernest Martel tells you as the PPS keeps hitting new lows. And definitely don't believe I-Glow and myself as we're the bad guy naysayers that told you so.
Final word: GREED.
Bid and ask continue to drop. "Just sayin".
An observation on-the 888 slap the ask investor.
It may be 100 shares or 888 shares or 1,000 shares. But whatever that brilliant investor does it doesn't phase me (yes, it's an irritant). But I know each trade is costing him/her money. But also 1,000's of trades have cost him/her additional funds as the price per share has dropped considerably. I came here in August when the stock was 4 cents. Was this incredibly astute investor slapping the ask at 20 cents or fifty cents or a buck and higher. I would think so. I laugh when I think about how much money they lost trying to inflate the actual market price. All those dollars lost for what: certainly no ROI. This investor is another genius like Mr. Pity-Pity Zale.
Oh-yeah, email Steven Zale. He ALWAYS tells the-truth.
Remember; the 3rd quarter launch.
Remember; for sure October
In a few days it will be February and still no launch.
And what about merchandise slowly trickling into the stores in December and then January.
Also remember; the second and then third quarter financial statements that were going to audited. Did everyone forget that bit of information from the honest Steven Zale. Do you really think the forth quarter will be audited?
And remember how the very trustworthy Steven Zale portrayed himself in his "please pity me video". Well, he did distort the truth again. And there is another conviction for something that I haven't found out yet.
BUT I WILL.
In addition you have to remember the serious inaccuracies in the financial statements where Zalemark used the assets of stockholders as Zalemark equity. An asset of a stockholder doesn't belong to Zalemark. And that is just one area of the "cooked books" that both I-Glow and myself saw.
Remember this is a company led by a convicted felon who doesn't take any responsibility for his actions. To Steven Zale his criminal behavior was a "lesson" in life. And the longs keep believing him as he passes out more Zool-Aid for them to drink.
And lastly remember this word: BANKRUPTCY.
Steven Zale blatantly lies in-his pity-video. That's relevant.
Since 2003??? When did I say that?
In the pity video, something doesn't make sense.
You know how Steven Zale talks about half truths. And how he tries to put the blame on others in both his cocaine dealing and his embezzlement arrest. Well the timeline of those arrests and the articles in the Los Angeles Times show something else.
The criminal Steven Zale was arrested first on charges of embezzlement. And then 7 years later he was arrested on cocaine dealing.
In the pity-video Mr. Zale states the embezzlement charges were dropped on appeal or something like that. BUT...the article summarizing his cocaine bust states he WAS A CONVICTED FELON when the authorities arrested him. Steven Zale admits he was incarcerated for three years. That would make him a CONVICTED FELON AGAIN on the cocaine bust. How many years in prison did Steven Zale serve PRIOR to his three year prison sentence and for what? Talk about half truths and deception; Steven Zale is a master at that.
-------------------------------------
October 25, 1985
An MCA Inc. accounting-office supervisor and her husband were arrested Thursday in connection with a forgery scheme that bilked the Universal City entertainment conglomerate of $294,000 last summer, Los Angeles police said.
Forgery detectives arrested Cynthia Zale, 31, and Steven Zale, 30, at their Van Nuys home about 7 a.m. after a 3 1/2-week investigation. The investigation was triggered when a routine audit found that the money was missing, Lt. Duane Gansemer said.
Cynthia Zale, who has worked in the company's accounting office since 1974, is suspected of stealing five checks written to businesses that MCA deals with and then, in "an elaborate scheme," of having the checks cashed at banks in the San Fernando Valley, Gansemer said.
He would not disclose which banks cashed the checks, but said the transactions occurred from June to August.
He said no other MCA employees are suspected.
Universal Studios Suit
Gansemer, commanding officer of the LAPD's Valley Forgery Section, would not reveal exactly how the operation worked and would not comment on Steven Zale's role in the alleged theft because the investigation is continuing. However, a suit against the couple filed later Thursday in Los Angeles Superior Court by Universal Studios, which is owned by MCA, provided some details of how the operation allegedly worked.
In the civil suit, Universal attorney Walter Weiss alleged that Cynthia Zale had altered the invoice number on several checks written to the Los Angeles advertising firm of Doyle, Dane, Bernbach Inc.
In the suit, Universal contends that, after the advertising agency was paid and the cashed checks were returned to the accounting office, Zale altered the checks' invoice numbers and put the new numbers into a computer listing unpaid bills.
According to the suit she altered the name of the payee slightly to make it look like that of an individual--Doyle, Dane, Bernbach Inc. becoming Doyle Dane Bernbach. The money was then paid to an account held in the name of Doyle Dane Bernbach at a Bank of America branch in Sherman Oaks, the suit alleges.
Neither Weiss nor other Universal representatives were available for comment on the suit.
Home Searched
The arrests came after police served search warrants at the couple's home and at S. J. Zale Jewelry Co. in Sherman Oaks. The company, which is not connected to the Zales Jewelers chain, is owned by Steven Zale.
However, no trace of the money was found at either place, Gansemer said.
The Zales were booked on suspicion of forgery and released on $1,000 bail each, Gansemer said. He said police will ask the district attorney to file charges against the couple on Monday.
Michael Lanzarone, director of corporate security at MCA, would not comment on the case except to say that Cynthia Zale is on maternity leave. He would not say how long ago she went on leave or whether her child has been born.
Times staff writer Dorothy Townsend contributed to this story.
-------------------------------------
March 23, 1993
(The following is an intact excerpt from the Los Angeles Times article.)
He said the monthlong investigation started when detectives were tipped off that Zale was supplying several dealers in Thousand Oaks with cocaine in pound quantities. Undercover detectives then made cocaine purchases at the Cahuenga Boulevard store, Pentis said.
The three were arrested on suspicion of conspiracy, sales and possession for sale of cocaine, and Zale, a convicted felon, was also arrested on suspicion of possessing a handgun, Pentis said.
Zale was being held in Ventura County Jail in lieu of $250,000 bail. Reznikoff and Roberts were released after posting $20,000 bail each.
------------------------------------
(Please notice that this was not a one time thing as Steven pity-pity Zale states in his video...the undercover detectives made PURCHASES. Purchases is plural, meaning more than one. And as I-Glow aptly pointed out in one of his posts, the bail for Zale is way more than ten times the other guys bail.
I believe in California there is a "three strikes law". Which means on the third strike conviction, you go to prison and you stay there.)
"No one selling anymore". I DON'T THINK SO!
And that was posted yesterday.
Longs have-been touting Zalemark "entry-point" for at-least six-months. In August the PPS was $0.04. Now it's sub penny. For as long as I remember I have heard "good news is coming". I was told $.04 in August was the entry point. When it went down to $0.03 that became the new entry point. Again, it was touted that $.02 was the new entry point. It seems whatever price the stock is at, is the new entry point and investors should buy in at that level otherwise they will be "chasing" this stock. But still the price keeps dropping...even to a new low today. Of course today's PPS is the new entry point.
Over a-month ago Crayola was-reported to-being "slowly" released-into-stores. Can someone explain. What happened. Did product ever get into stores? If so, what stores? It seems like the investment community didn't respond as hoped for. The PPS continues to decline to new lows in sub penny land.
I.M. Gloating, famous stock guru, predicted this downward-trend.
Today's downward-volume and price are-reflective of-what investors think.
If Steven-Zale wants-to-blame me-for today's-decline, I'll take it.
Happily.
Some longs are starting to see the light. Others that have stated they are happy with their investment are probably still happy as the PPS today hit a HISTORICAL LOW.
Longs shouldn't want updates. The PPS ALWAYS drops.
Every time a press release or a news announcement happens the price per share declines.
No serious investor now believes anything that Zalemark or Steven (pity-me) Zale says. The upward focus on this dog of a stock is over and has been over for years. The green volume has given way to red volume. But I know the ever faithful wishful thinking longs are well aware of the risks of their investments and are happy with their DD (even as no positive news comes from Zalemark and even though some have stated they talked to Steven Zale and Ernest Martel, and still believe everything they say) as the PPS declines because of no significant sales or profits.
When good news is "coming soon" so is a drop in the PPS.
50,000 dumped at $0.0081. 1,000 bought at $0.0094.
Hopefully we are ready to see the $0.008 resistance level broken. Sevens and lower are coming.
All the "wishful-thinking" prophesies have led-to-a PPS decline.
The ONLY thing that will help the longs out of their deficit is if Zalemark sells a significant amount of jewelry.
That won't happen. The association of having a criminal as a licensee is a huge negative for any brand, let alone the retailers.
"Seppuku" is the only honorable thing for Steven Zale.
"When material events happen, volume will increase". BUT-PPS-WILL-DROP.
The press or news releases may or may not have an impact on volume but it ALWAYS has had a negative impact on the PPS.
Here is the before and after info on the last three "material events":
Q3 financials are released on Monday, November 16, 2015.
Friday, November 13, closed at $0.186. Volume 888.
Monday, the 16th, closed at $.0184. Volume was 120,340.
Tuesday the 17th, closed at $.0131. Volume was 102,884.
Audit engagement letter press release: November 11, 2015.
November 10. Closes at $0.0186. Volume was 10,432.
November 11. Closes at $0.0186. Volume was -0-.
November 12. Closes at $0.0166. Volume was 29,018.
The Kodiak million dollar press release: October 29, 2015.
October 28. Closes at $0.021. Volume was 120,240.
October 29. Closes at $0.0136. Volume was 333,436
October 30. Closes at $0.017. Volume was 83,864.
Please don't forget that some of those closes would have been lower if Mr. 888 hadn't been slapping the ask at the close with the 888 share trades.
So please, next time you try to "school" the professor with your knowledge, do your homework first.
News won't hit. Remember what-you wrote in October:
"$ZMRK...I heard rumor said news will hit within 1-2 weeks and it is one of the biggest news that ZMRK will ever release"
After every news release the prices drops in the following days and weeks.
Nothing will save this bankruptcy headed company. The longs that are still holding their shares are taking a bath.
Investors: Wake up and smell the Zalemark B.S.
This stock has lost 95% of it value in less than two years.
A two year high of $0.179 dropping down to $0.008.
The reason is not I-Glow and myself.
It's that "video guy" Steven Zale who I will now call the "pity-o guy".
C,mon, you have to put the blame somewhere for the loss of equity. Rightfully so...that distinction belongs to the inept Steven Zale and his Zuppet sweat equity team.
Hopefully, the next financial statement, that should be released next month, will be AUDITED. If it isn't then it's just more B.S. from the convicted felon who served three years in prison for drug dealing and was arrested for embezzlement in addition. It's always another excuse or delay until Steven Zale's hand gets caught in the cookie jar. Well I don't have to succumb to the B.S. like the loyal, forever faithful Zaleombie followers as I am not stupid.
I would love to hear from Crayola and M&M's. Let's see how they are going to diffuse the situation they got themselves into. Steven Zale has tried to distance himself from his company by his resignation of being an officer or director. That didn't work. So he makes a "pretend video" begging for mercy and pity, like he really had little to do with the drug deal or the embezzlement. Mr. Pity-o Guy wouldn't be distancing himself from Zalemark if it wasn't for Crayola and Mars.
And the loyalists are still drinking the Zool-Aid as the PPS keeps falling.
Some comments re: "The Video" showing post #5869.
It really "urinates" me off when I hear and see the ex convict Steven Zale describe and then show a brief image of my post #5869 as half truths and misleading. Read the post below and tell me what the half truths are? It's just another attempt by the pity seeking Steven Zale to try and diffuse his criminal behavior.
fact-checker Member Level Saturday, 11/14/15 04:41:35 PM
Re: None
Post #5869 of 6571
Why Zalemark can't survive. #1
Zalemark is led by Steven Zale. He is a convicted felon that was arrested for embezzlement in addition to dealing cocaine. This has only come to be known in August of this year. Many are going to say that this is old news, which it is, but now that it has surfaced, major retailers and licensors have so many other options that they don't need or want to be associated with a criminal. It just doesn't enhance their brands. This information will now always follow Steven Zale and Zalemark.
The above post is not a half truth or misleading in any way. If a retailer has a choice of companies to do business with (and they do), why would you associate your stores with a convicted drug dealer that served three years in the slammer? It's just not good business sense. And, Mr. Zale it doesn't "go-away" by removing yourself as an officer and a director. Most companies and people are not that stupid. Crayola and M&M's; got anything to say?
Too many press releases but never any growth.
Kinda ironic with all the press releases over the past five years, the PPS has fallen from a high of $1.50 all the way down to sub penny. I know the Zuppets want to blame that downward slide onto I-Glow and myself. Even the criminal who server three years in the slammer for dealing cocaine blames I-Glow and I in his video (where he begs and asks for pity) for not hurting him but his shareholders...pity, pity, pity.
But the smart investors (and I have to assume Crayola and Mars also) see thru his B.S. now. Steven Zale bankrupted Zalemark Inc. He left huge unpaid financial obligations to Hearst Corporation for his licensing deals with them. I wonder if Crayola or Mars really did any serious background check on Zalemark or Steven Zale. When I talked to Warren Schorr months ago (yes, you read that correctly) he had no idea that Steven Zale was arrested for dealing cocaine and was also arrested for embezzlement. I guess they were just interested in getting the licensing fees.
So it's really Steven Zale who is to blame for all the investors losing millions of dollars. Steven Zale portrays himself like some marking genius but in reality he is an inept businessman/convicted felon who has repeatly lost money in his business ventures. So please don't give I-Glow and I the credit for the PPS decline, that credit belongs to Steven Zale.
But I-can say-with certainty how-low the-price will-fall: BANKRUPTCY!
Everytime, since I came here in August, whenever a press release came out the volume sometimes rose but the price ALWAYS dropped lower right away or within a few days. In mid August this stock was at 4 cents now it's under a penny. There have been numerous press releases since then. The loyal longs who are desperate, should have got out the day it hit 9 cents. But they held on because of greed...thinking Zalemark was on its rocket launch (another launch that fizzled).
Remember:
No sales...no profits.
Little sales...no profits.
Medium sales...no profits.
Zalemark needs legitimate sales in the millions of dollars to succeed. They don't have the talent, designs, sales or infrastructure to do that kind of business.
They have run out of funding and the sweat equity people know it. Steven Zale has lost all options except for a few naive loyal hold-outs. But they have lost there equity in this stock and don't have anywhere near the funds to keep this company afloat.
I am sure Zalemark is trying to delay payments to Crayola and Mars so as not to be in default on their licensing agreement. BANKRUPCY LOOMS!!!
And thank you for your explanation of how the OTC works. It is very much appreciated. I will remember that the next time I buy, form, or sell a public company. Please notice, I didn't say the stock of a public company.
If Zalemark info-was credible the PPS wouldn't-be sub-penny.
Zalemark and the ex prisoner Steven Zale are NOT credible. That it why the volume has dried up and the stock price is sub penny. The market makes its own choices. The investment community sees what the desperate longs don't see. But the desperate longs are still hanging on and believing the garbage that spews from Steven Zale. It's your choice to believe it or not. I am not stupid. I don't believe it. I am also not a wishful thinker basing my investment decisions on "hope".
Was "advised" of-a Valentines-Day launch. What a crock.
Investors were "assured" of a Q3 2015 Crayola launch. But only silence from Zalemark when it didn't happen. Then Q3 was extended by desperate longs not Zalemark to October. That didn't happen either. Then for sure in November. That didn't happen. And still SILENCE from Zalemark. And then absolutely Crayola would be in stores for Christmas. Well that didn't happen either. So again only silence from Zalemark but the naive desperate longs said postponed to January. And now they are saying Valentines Day.
Again nothing from Zalemark or the convicted felon Steven Zale only from the investors that bought high and are desperate to get this train wreck of a stock to increase the PPS.
Steven Zale and these "wishful thinkers" have cried wolf way too often.
PPS dilution coming in February. Not-the huge launch.
Don't forget Zalemark DOUBLED the A/S last year. That gave him (the convicted felon Steven Zale who served three years in prison for dealing cocaine) shares of Zalemark that he was going to use for the Kodiak funding. But that can't happen because of the PPS being sub penny. There is no real equity to trade for funding. So Zalemark (without any real income either) has to pay the sweat equity people with stock. And because the price is in the toilet, the amount of shares will be much higher than in the past. But that is only the few employees that are still hanging on. What about the accounting firm supposedly doing the "audit". I don't think they can accept stock in lieu of their fees. But possibly others can. Zalemark has converted debt for stock in the past (read the financial statements). This company has run out of financial options. I didn't see anyone buying stock directly from Zalemark on the Q3 financials so incoming funds may have dried up. But Steven Zale added 75 million shares last year without notifying his general investors. Let's see what he will do with the remaining shares now that Kodiak Capital won't be utilizing them. Dilution is coming.
And for all investors who haven't seen all six parts of the video Steven (Mr. Pity) Zale produced. I urge you to watch it completely. Maybe one of the moderators can sticky a link to it.
The "stock pumpers" should post about serious issues.
Like where is Zalemark going to ship orders from (if they ever get any). The have filed to cease operations in California. So conducting business in California will be a violation of California laws. They only show the Sherman Oaks address. They have closed their bankrupted facilities in Nevada. But everyone is silent on this topic.
And Zalemark has never discussed if they made the settlement payment to JTV over the $4 million dollar lawsuit. Again silence.
But the "longs" keep trying to spread "wishful thinking good news" to get innocent investors to purchase Zalemark stock hoping for a price rise do they can get out. If they really thought this stock was a good investment then they could purchase restricted shares directly from Zalemark at a greatly reduced price. Someone purchased 5 million shares for a penny when the stock was selling for two cents. Look at the 2nd quarter 2015 financial statement to verify what I am telling you. I think you could negotiate to get 4 million shares today for $10,000. The problem arises when you want to sell those shares. Who would want them!!!
Again, "old news" regarding the non-existant Kodiak financing.
It's quite simple. There is not enough equity in the PPS for this deal to happen.
Plus there are so many other contingencies that have to be met. The financing won't happen.
No "action" at Zalemark. No Sales. Only B.S.
It's the same as usual. Silence from Zalemark. Only "information" from the "longs" that have lost equity and are trying to get the PPS higher so they can bale out.
There are no Crayola stores. Only one factory-store. In Easton, PA.
So if Zalemark sells product to the Crayola "stores" it's just that one store.
But to sell jewelry that store, or any other store for that matter, would be required by its insurance carrier to have a locked and secure jewelry showcase.
WMT (Wal-Mart) will not carry Crayola from Zalemark.
Zalemark does not have the expertise or the infrastructure to service a giant like Wal-Mart.
Becoming a vendor to Wal-Mart is quite an ordeal. The first thing Wal-Mart asks for is financial statements. They don't want to tie up open-to-buy dollars with an unstable company. Especially a company that is led by a convicted felon who was arrested for dealing cocaine and was sentenced to three years in prison. Not a good association.
This "news" is around 6 months old. PPS-dropped.
I am not sure why it's being posted again. Especially without a date attached to it. Probably just to get investors to think its recent and relevant.
But the truth of the matter is that when this was released the PPS was around $.03. Today it's sub penny. I wish these posters would stop posting old press releases. They are only trying to pump the stock up to cover their losses.
The non-existent Crayola launch can be explained: NO-SALES.
Not one major department store (like Macy's) and not one major jewelry retailer (like Kay's) thought the product would sell at retail. Nobody placed any orders.
Just because you "buy" a brand license doesn't mean you can make a profit from it. Zalemark has proven that.
And I am sure Crayola and now Mars have become very concerned with all the adverse publicity they will get from their association with the convicted felon Steven Zale. Watch the video where he begs for mercy as his drug dealing became a "lesson". Both Mars and Crayola made a huge mistake. They are aware of that now. No matter how much pity Steven Zale asks for it doesn't change the past facts. I can't wait to read the next financial statements to see what payments (if any) were paid out to Crayola or Mars. Or, will it be like when Zalemark Inc. went bankrupt and left unpaid monies owed to Hearst Corporation for Zalemark's licensing deal with them.
AUDIT: Zalemark has been saying "audit" since 2010.
They signed an intent letter over five years ago and never followed through. Every year it seems Steven Zale or Zalemark cries out "audit". The following is a post from August of last year stating Steven Zale personally told this poster the 2015 third quarter financials would be audited. IT NEVER HAPPENED!!! Only naive investors would believe anything from the "deny-deny-deny until caught Steven Zale".
XXXXXXXXXX...Friday, 08/14/15 10:43:01 AM
"because they WILL be audited this quarter."
That was straight from Steven Zale when I spoke with him.
But the question I always have is; why spend the time, effort and money on an audit when you have no sales? Wouldn't be better to first focus on getting revenue flowing into the company. The third quarter sales figure was under $1,000. Quite embarrassing for any company. It's obvious that Steven Zale can't design Crayola jewelry product that has any appeal to a department store retailer. AND they can't sell the product either as evidenced by the "launch that never happened". It's always delays and excuses...and now we see a video where Steven Zale wants the the investor community to take pity on him. Well, not from me, as I am not stupid.
The financial terms of-the Kodiak deal will-preclude Zalemark from getting any funds as the terms have many contingencies that tie into the stock price, completing the audit and completing the compliances of the Security Commission. No sales...no profits. No money...no longevity.
If there was going to be an audit then the last financial statement should have been audited. The year end and final quarter financial statements should also be audited. There has been plenty of time to do that. But again I ask; why do that when there are no sales or revenue. Why waste the time and money.
Zalemark is-required to inform investors of anything material that would help them make an informed decision when buying or selling shares of its stock.
Has Zalemark withheld "material information" by remaining silent?
Zalemark informed the investor community, in June of last year, of an impending Crayola jewelry launch in the third quarter of 2015.
When did Zalemark realize that it couldn't meet that target date? No department stores placed any orders so Zalemark was well aware the third quarter launch, as announced, was not going to happen. Key information was withheld from both shareholders and stakeholders which opens up Zalemark and its officers and directors, during that period, to shareholder lawsuits under SEC regulations for failure to disclose material facts.
But instead of addressing the issues of non delivery of any Crayola product, or the JTV lawsuit, or why Zalemark filed to cease operations in California (where their only office is), the convicted felon Steven Zale who finally was forced to admit he served three years in prison for his drug dealing, begs for pity in his disguised video. And he tries to do that again on his embezzlement arrest. And yet there are a few loyal followers who still believe in him as the PPS keeps dropping and dropping and dropping. Bankruptcy is eminent.
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. 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. It won't be in a major department store or jewelry chain...that's for sure. Reasons for this were stated in a previous post.
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 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.
Longs need to be tested by an "Otolaryngologist".
They have been "hearing things" that just aren't there.