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Two trades today, 100 and then 300 shares bought and sold. Can someone explain to me what the thought process is behind those trades? That's around $10 bucks in total.
ZMRK has lost millions on their past endeavors. Read their financial statements and press releases. They have had well over 30 licenses and "deals" and currently show approximately NEGATIVE retained earnings of just under $8,000,000. That is 8 mil flushed down the toilet. Nobody can imply that Mr. Zale has had any success. With all Zalemark's "success", they are burdened with debt and were $13,243.97 OVERDRAWN AT THEIR BANK at end of year 2013. I'll have to dig out 2014 but I assume it's about the same. You have to read their financial statements. The additional 75,000,000 shares that he recently printed will certainly dilute the stock price. When you are desperate you don't print money and leave it in a drawer. We all know his "character and morality" from his past and he took Zalemark Inc. into BANKRUPTCY, leaving UNPAID financial obligations. If you do proper DD, get industry credit reports, call Hearst Publications where he had licensed Seventeen Jewelry and ESQ Jewelry, or call Badgley Mischka, talk to the credit managers, and see how much was owed to all of them. Also other private investors that put their money into Zalemark and lost it all. So please, if there is someone that can enlighten us as to what Zalemark's or Steven Zale's past endeavors have been successful...please do. What DD have people done that can support any allegations that this company will succeed?
Good luck to you ;-(
So let the future unfold without all the hyperbole. Investors can see through the slapping of the ask at the close of the day. We're not being fooled. The "whale" investor who can push the price way up is not biting on this bait. Again, as I have stated in the past, this just erodes the legitimacy of the company. They are like a person using crutches to walk or stand up. The company can't do it on its own so someone comes in and props the share price up. Whoever is doing this thinks they are really clever. But in reality, look at the end result...a much lower share price on heavier down volume. Better to let the price drop to where the market wants it to be and then buy in (if you believe Zalemark has a future) and place your bets from there.
Bonespur, to answer your question about why they printed more money...oops. I meant issued an additional 75,000,000 shares: they need those shares to stay in business to pay for services rendered and to give to the new investor who comes along (like so many others who have lost millions) and who believes that they can make money with Steven Zale. From past press releases they always get a Board of Directors seat. The oldest one I could find is Ed Mims, the newest one is Warren Nobusada. But many others in between from the financial statements and press releases they show: Scott Prowse and Robert Ratinoff at one time holding more than 5,000,000 shares each. An old press release shows Mark Parkinson as a director. Newer financials show Ronald L Chavez, Khalid Shabazz and Tina Ann Nuekirch. Board of Director seats come and go based on that persons ability to get an infusion of money in the Zalemark coffers...in my not so humble opinion. All the above is public as it came from Zalemark issued press releases or from their financial statements. So look for an announcement soon which will dilute the stock price. Again, this is an educated assumption by me.
DJPB: you are correct. Even I can't foretell the future. If I could, I wouldn't be here, but at the gaming tables in Monte Carlo. But I can read and understand final statements...which show past results, and usually correctly predict the future (but not always). I just take offense to the cheerleaders wishful thinking that the next press release will liberate ZMRK from all their past misgivings. If they have received bonafide purchase orders for this fall/holiday season then good luck to them. It's all the wishful thinking that drives investors crazy as it means nothing and takes away from Zalemarks legitimacy, if there is any, with ZMRK. I got here because of the BOB. Others that look at the Breakout Board will read these posts and hopefully do their own DD. In my opinion and obviously to other investors as well (as evidenced by the heavier down volume and falling share price) the chearleading is a major deterrent.
Pete, I know you said to check out the DD you stickied here regarding Zalemark owning a factory in Bangkok, but I can't find it.
Zalemark Design Center??? What is that? Where exactly is their decent sized facility in Los Angeles? Don't forget they surrendered their ability to do business in California. Seriously, why is that? Why aren't they forthcoming in all their dealings. The JTV lawsuit should have been mentioned in their financial statements. They doubled the shares with improper notice to ALL shareholders. They list a "mailbox" office as their main address. My list goes on and on. Read their financial statements. Total Assets dropped $8,771,490.29 from period ending June 30, 2014 to this year June 30, 2015. Look at the Balance Sheet.
Retained Earnings: ($7,949,584.05)...to those who don't know; the brackets mean it's a negative amount, they lost that money.
And in addition they list Capital Stock of $7,603,799.29. Where did they get this number from? If they had those funds then they are long gone. Just like I saw an asset of $5,191,219.36 listed on the December 31, 2013 Balance Sheet stating it was an investment. If it truly was an investment than you would see those funds show up somewhere. And that same Financial Statement shows total sales for the year of $6,708.72 and the cost of goods sold relating to those sales was $828.26. There is so much more. Stop with the nonsense...please. Close this business down.
Again, do your own due diligence, as these are my opinions and observations.
No they don't Pete. You know that as well as I.
They contract the manufacturing out based on orders coming in. If they owned a facility you would see that on their financial statements. Please Pete, try at least to be factual.
Bonespur; welcome to becoming a moderator of this asylum.
At last, someone who thinks. How refreshing.
And a great many tenants share the same suite #1200 with Zalemark. Absurd!!!
ZMRK certainly knows how to save money. You just crowd a bunch of other businesses in the "mailbox" office that they are renting for $95 a month. But from reading all the posts by the "believers" they will come up with a "reasonable explanation" to I-Glow's exposé.
NOTE TO NEW INVESTORS: Do your own DD. Read the financials, question the accounting methods. But remember you will always hear "good news is just around the corner".
Better would have been if ZMRK told you they were doubling the shares. They did it without all the stockholders knowledge. This is a STINKY PINKY stock. New investors should not rely on anything anyone says on this board. Read the financials for yourselves. It's obvious what is going on here. Everything is "good news is just around the corner". Read the financials and don't rely on anything said here...do proper DD on Zalemark and Steven J. Zale Sherman Oaks...google that and add in one word in addition, "arrest".
What actual office address is that? They used to be located at 15300 Ventura Blvd., Suite 207, Sherman Oaks, CA 91403. Now they list themselves at 15260 Ventura Blvd., Suite 1200, Sherman Oaks, CA 91403.
The old telephone number was 818-728-4747 and the old fax number was 818-728-6999.
The new telephone number is 213-351-9771 And the new fax number is 213-381-7552. This is strange as the 213 exchange is a central Los Angeles exchange and 818 is the exchange that is associated with the Sherman Oaks location. Are you telling me for a fact that they have a 600 square foot facility in the building at 15260 Ventura Blvd.? It's an easy Yes or No answer.
OH look, another BIG purchase of 100 shares to push the price from .019 to .022. Does anyone really believe this? Proper DD is reading the financial statements and not relying on the hypesters.
No toxic financing...that's a laugh. Dilution is coming. ZMRK has been losing millions for years. Read the financials. A lot of brands have been licensed but no significant sales and no profits. Why do you think ZMRK printed those extra 75,000,000 shares and never informed all the stockholders. Now they can trade or sell those shares to keep this company afloat for a little longer...there's your toxic financing. The release of those shares will dilute the stock price. Zalemark can't even afford office space. They moved out of their minuscule 600 square foot space to a "mailbox" office address across the street. This is called a "virtual office" that they pay $95 a month to have an address in a good looking building. OH...as far as the 50 crossing the 200: it's only because someone has been slapping the high ask near the close (for less then $20) to keep the price up. Without that, the stock price would be much lower. Do your own DD, read past financial statements and read the past many years press releases. And look at the hysterically low dollar trades to keep the stock price inflated.
A real stinky pinky...read the financial statements. Don't believe the hype. Do your own DD. The financial statements will show you what this company does. They spend money on getting name brands and hyping the stock. They haven't generated any decent sales and continually lose millions.
Dilution is coming soon: was 75,000,000, now 150,000,000.
All done silently, without the proper notice to shareholders.
Beef: again you are blowing smoke re-read that post. Nowhere did I say there would not be a launch this year. Find the post where it states that and I will respond to that post. But please double check what you post.
Hey Beef: how do you know that? Are you an insider with access to see the restrictions? What if the restrictions were only for 30 days or 90 days. Can you absolutely say for a fact that the restrictions come off in late 2016?
Stop posting redundant meaningless wishful thinking statements. Start posting actual facts. Zalemark is at best boastful...but in reality a non achiever. Read the financials as they speak much louder than your forward hope and hype.
Another simple question: is the $53,300,140 projected sale figure for 2015 really possible.
Hint: read the financials.
New simple question: has ZMRK ever made money.
Hint: read the financials.
Beef and DJPB, I give you facts. You give us wishful thinking. It truly is amazing that you can't answer simple questions but try to diffuse the real issues with "good news is just around the corner".
Answer this one question: true or not true that you can purchase stock from Zalemark at a discounted price.
Hint: read the financials for the answer.
Pete: thank you for stating this again and again. You have alluded to funds coming in shortly to finance the sales. Is that why ZMRK issued 75,000,000 more shares...to give this new investor shares for much needed funding. You know this will dilute the share price if that happens. Not only that but shareholders want to see sales/orders/profits not stock dilution. Or, are you alluding to significant sales that will be made this year so ZMRK can achieve their 2015 financial projections of $53,300,140. That really seems impossible to do when you are renting and operating out of a "mailbox" office. Please...it's an insult to an investors intelligence who has done real due diligence.
"the launch is imminent" is opinion not fact.
And as far as the 50 crossing the 200 that is also based on someone slapping the high ask close to the end of the trading day when most of the sales and volume has been negative. They purchase less than $20 worth of shares ONLY to get the closing price up. I have seen, at times, only a few hundred shares purchased...under $5.00 just so the closing price looks good. You are not going to fool a serious money investor with buys like that.
Your "newish" post from jewelryshopusa.com is rehashed PR.
This has been posted numerous times and just repeats that Zalemark has acquired a license and has plans to produce and distribute Crayola jewelry. Please post something that states which retailers are going to be carrying the Crayola brand of jewelry. We all know they have the licenses for Crayola and M&Ms but we don't know if they have had any purchase orders or sales. It's been over FOUR MONTHS since they had their launch. Not one picture from their launch party showing any buyers or members of the press that attended. Not one PR stating anything with respect to sales being made. And that is in MY OPINION why ZMRK has been so quiet...the real sound is deafening.
"Big thing coming"; just your opinion or fact?
Show me some RECENT PR about retail distribution.
You keep rehashing old news and old press releases. But yet nothing about what retailers are going to be carrying the Crayola jewelry this Fall/Holiday season. Yes, we know that they have acquired licenses from Crayola and M&Ms. But as in the past Zalemark has never generated any significant revenue from their past brand licenses. And in fact when you look at the Zalemark financials they have lost millions upon millions of dollars. What makes you think they will generate sales from these brands. The only companies guaranteed to make money are the ones that give the license out, as they get an upfront licensing fee.
Again, this is my opinion. But when you state "Crayola and Mars distribution for jewelry are going to explode", is that a fact or an opinion?
Major stock price dilution coming.
Zalemark should have announced the doubling of the shares. They didn't. This will cause major dilution when they sell or give those shares away to a new investor...or, to pay their bills. This is a desperate company that is in major financial distress. Just read the past few years financial statements.
No "whale" is going to put money in the open market in this stock when they can go direct to Zalemark and purchase shares at a huge discount. Remember, he just newly printed an additional 75,000,000 shares. Do you really think he won't try to make "deals" with those shares...further diluting the share price.
Again, just my opinion...but then again DUH, who else's opinion is it?
Zalemark Holding hasn't made money off any brand!!!
Zalemark Inc. went bankrupt.
That was the Steven Zale company under the Zalemark Holding Company umbrella that had Badgley Mischka, Seventeen and Esq. jewelry throughly Hearst Publications and so many others. Look at the financials of Zalemark Holding and you will see they are in great financial distress. They have lost millions upon millions of dollars which translates to the stock price being worth a few pennies.
They can spend money to acquire brand licenses but they have never made money as they haven't been able to generate any significant revenue. The same is happening with Crayola. All major retailers have made their Fall/Holiday 2015 purchases. Those retailers are now working on Valentine's Day 2016. It's been four months since the launch of Crayola Jewelry and not one announcement regarding any retailer purchasing the jewelry. But in going over past PR from this year I saw "Financial Projections" for this year and also 2016 and 2017.
2015 Sales: $53,300,140.00
After Tax Net Profit: $24,194,694.00
These numbers are totally absurd!!!
2016 Sales: $119,654,940.00
After Tax Net Profit: $55,225,772.00
2017 Sales: $197,054,540.00
After Tax Net Profit: $95,205,114.00
Real due diligence is reading and understanding what is being told to investors and not blindly accepting whatever the company says.
One more thing; as one poster here wants me to clarify that the opinions above are mine but yet when they state "good news is coming soon", they never state that is their opinion.
Zalemark spends money but doesn't make money. This is not an opinion but fact.
Just because you pay to acquire a brand license doesn't mean you can generate revenue. Zalemark has a proven history of getting licenses, approximately 30 licenses and deals, that have generated almost nothing in sales compared to the millions and millions in losses. Again, not an opinion, but fact. They release press releases that are intended to hype the stock not sell jewelry. They are deceitful for not announcing the doubling of the shares. This will cause major dilution when they sell or give those shares away to a new investor or to pay their bills. This is a desperate company that is in major financial distress. Just read the past few years financial statements. The company is led by a convicted felon who was arrested for dealing cocaine and was also arrested for embezzlement as reported by the Los Angeles Times.
Good news is always "around the corner" or "coming soon". The problem with that is the good news is for Steven Zale and not the stockholders...as evidenced by the decline in the price of the shares. No "whale" is going to put money in the open market in this stock when they can go direct to Zalemark and purchase shares at a huge discount. Remember he just newly printed an additional 75,000,000 shares. Do you really think he won't try to make "deals" with those shares. Sorry. Warren Nobusada but you've been had. But you're in good company with numerous million dollar past investors/believers that lost their money and now have stock that is worth only a few pennies.
Zalemark moved to Nevada and filed for Bankruptcy
on that TV selling station and then moved back to California. That is why you see a March 2011 date on that Nevada filing. If you look at their most recent financials Zalemark certifies that their principal place of business is the Sherman Oaks "mailbox" address. Nice try Pete.
Oh no!!! Not another Press Release!
From what I have seen, every time a PR is released the stock goes down.
Pete...they have received big funding prior.
Millions upon millions and they have wasted it. Look at the retained earnings in their financials. MILLIONS IN THE RED. Zalemark knows how to get licenses and funding but they don't make any significant sales. Did Zalemark dilute the stock price by giving the new investors the newly printed stock. What other collateral do they have. Surely IMO, if they gave away a chunk of newly issued stock then dilution of the existing share price is forthcoming.
When you say they have received a HUGE CONTRACT, is that a bonafide purchase order from a legitimate retailer? If yes, then that would make a difference. I would like to see a huge ASSET order with no strings attached. No merchandise on consignment and no contingency for returns. The customer buys it and pays for it.
I hope that is what you are referring to.
Pete, that is certainly plausible.
There is a connection to Nevada. That is where they lost over $1,000,000 of Warren Nobusada's investment in their attempt at selling their product to a Hispanic market (which I thought was a terrific concept). But again their execution was poor and that failed. Since Mr. Nobusada is based out of Nevada that would let him keep Steven Zale on a closer leach.
But is that your ground breaking news that is going to be announced next week? I hope not. Tell us who the big launch is with. Is it any of the Tier 1 accounts mentioned on this site: Bloomingdales, Nordstrom, Niemans, Saks or Macy's? Or the Tier 2 accounts like Kay Jewelers, Jared, Helzbergs and Zales. Or possibly Wal-Mart, K-Mart, Sears, Kohls, JCPenney etc etc. Or, how about a Crayola launch in all the Hallmark stores. I am tired of constantly hearing good news is coming. Show me the money (in this case legitimate purchase orders).
It's 1/2 opinion. And 1/2 wishful thinking.
Yes, ZMRK signed licensing agreements with both Crayola and M&Ms. Zalemark has basically done nothing with any of their NUMEROUS licenses over many of these past years. They are great at getting licenses (because they pay for them or trade stock) but horrible with making money from any of their "deals". Read the financials. Look at the sales and also look at the cost of goods sold. This company is in financial distress. That is why they printed/issued 75,000,000 more shares and waited months before making that public. They need these shares to pay their financial obligations. They are under water financially (not an opinion) and they have a leader that is a convicted felon (not an opinion) that has been arrested for cocaine dealing AND embezzlement (and yes, it's old news that you have been told before) but verified in the Los Angekes Times. And never has Zale denied any of this.
They have never responded on why they surrendered to the Secretary of State their ability to do business in and from California...this is where they are allegedly located. The reason I say allegedly is that they are operating out of a mailbox type virtual office that costs them $95 month. They have never told the shareholders about the Jewelry Television lawsuit even though they are obligated to do so in their financial statements. They have never responded or issued any press releases after the JCK trade fair in Las Vegas regarding trade press that showed up at their Launch Event or pictures of Steven Zale with any jewelry buyers. If they have orders or commitments they wouldn't have waited four long months to tell their loyal stockholders that information...others have. Again, as I have stated in the past, this company is running on what I call the three H's: Hype, Hope and Hysterics.
Their Las Vegas private showing was non eventful.
No significant buyers or press showed up. Mostly friends, family, ZMRK personnel and investors. That is why you do not see a press release from the event. You can be sure that Steven Zale would have taken every opportunity to let the jewelry community know they had someone of importance there. It's been four months since that launch and not one photograph or press release came out after the JCK Las Vegas launch. My retail friends have told me their Christmas 2015 plans have already been finalized and now the retailers are working on Valentine's Day 2016. Zalemark stated their Tier 1 target retailers would be Nordstrom, Neiman's, Sak's, Macy's etc etc. Then Helzberg, Sterling (which is the parent of Kay Jewelers, Jared and Zales) etc etc. It didn't happen. They never got a major order and even if they did they couldn't pay for any merchandise as they have no funds...just newly printed additional shares of stock. And someone said this won't cause dilution until they release those shares. Well, DUH, what do you think Zalemark is going to do with them...leave them in a drawer in their fictional offices. Remember, they rent that address for $95 month. It's just a "mailbox" they are operating out of. They gave up the 600 square foot office across the street because they couldn't pay the rent. And then their is the issue of surrendering their right to do business in California. I-Glow has posted the information numerous times but you think it's old news because there is a filing date of 2009. That is NOT the surrender date that was the date the corporation was filed...again the surrender date is recent.
And take a close look at their unaudited financial statements. An $8,000,000 asset from last year disappears this year. And also another $5,000,000 asset appears as Stock Holders Equity. You can't use that as an asset...that is the stockholders equity not Zalemarks. And look at Retained Earnings...negative $8,000,000.
I have counted approximately 30 licenses or business deals over the past few years (based on Zalemark press releases) but no significant sales. And while you are looking at the financials, look at the COGS for those sales. It doesn't make sense.
Again, as one poster wanted me to clarify; this is my opinion.
Buy your shares direct from Steven Zale/Zalemark.
If you look at the disasterous financial statements you will see that someone purchased 5,000,000 shares at a discounted price of a penny a share. Well now that Mr. Zale has printed 75,000,000 additional shares you should be able to to buy those 5,000,000 shares for half of that penny. And while you are looking; look at the others who purchased shares or received shares as compensation...check out the prices of those shares as well. I would not be a happy camper if I was any of those people.
I think the biggest recent loser is Warren Nobusada as he put in hard dollars believing Steven Zales con man pitch. Probably a seven figure investment that got flushed down the toilet.
Now remember; this is my opinion (of course it is), but one poster/cheerleader wanted me to make that clear as if most of you reading this would think it is not my opinion (whose opinion would it be?). But if you are serious in your beliefs that this company is on the up and up then read the financials yourself or have an accountant read and interpret them for you. What you will see is not opinion, but fact.
The reality is:
Fact: Zalemark is using a "mailbox" as their office address...even though they list themselves as leasing a 600 square foot facility.
Fact: Zalemark has surrendered their ability to do business in California.
Fact: Zalemark did show at the JCK jewelry trade show in Las Vegas and they did have a buyer/press launch. BUT nobody of significance showed up or placed orders.
Fact: Their financial statements show they are in major financial distress.
Fact: They have so many licensing deals going including Crayola and M&M's but they don't have any significant sales from these licenses.
Fact: Millions of hard dollars have been lost by investors.
Fact: the stock has been as high as $1.50 and is now worth under two cents...the more they issue press releases the more the stock falls.
Fact: Desperate stock holders keep buying high close to the close so the stock price stays inflated.
Fact: They doubled the amount of shares which will dilute the price per share when sold or given in exchange for actual money's owed.
Fact is I could go on and on...
Fiction: good news is around the corner.
Fiction: retail news re launch is coming soon.
Fiction: audited financials are in the works.
Fiction: up-listing this stock.
In my not so humble opinion: sell now and take your losses. Or, stick around if you think this boat will sail and take your larger losses prior to year end.