Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Good-morning-Pete:_ Barchart-opinion._Mostly-SELL-SELL-SELL-Not-one-BUY.—$ZMRK
Pete,-what-does-Mr.-Zale-say-about-not-having-filed-the-Q3-$ZMRK-financials.
$ZMRK is led by FELON Steven Zale, an admitted embezzler and drug dealer who spent three years in prison. This company hasn’t had any sales/revenue in years. The third quarter financials were due out over a month ago but Steven Zale can’t get anyone to sign off on them.
Buyer Beware!
Still-no-Q3-2017.__$ZMRK-is-a-scam.__Open-the-link-below.
http://www.otcmarkets.com/stock/ZMRK/filings
Somebody-was-obviously-paid-in-stock-to-promote-$ZMRK.__Read-the-financial-statements-from-2015.
$ZMRK-is-one-month-past-the-deadline-to-file-their-Q3-financials._Delisting-is-eminent.
$ZMRK-Barchart-Average-Opinion:__100%-SELL.__All-indicators-say-“SELL”._This-is-the-first-time-I-have-seen-that.
https://www.barchart.com/stocks/quotes/ZMRK/opinion
$ZMRK-Q3-is-3-weeks-past-deadline._Why?__Because-nobody-wants-to-sign-off-on-it.
$ZMRK: Need I say more?
Pete: Call Mr. Zale, the street says serious executive changes were made. Is Steven Zale still there? I also heard that nobody wants to personally sign off on the Q3, so that is why it is late.
What’s next; well, $ZMRK is already into the trip zeros. Possible delisting and/or bankruptcy.
$ZMRK Barchart Opinion: 96% SELL. Because the slap the ask manipulator didn’t show up today. Maybe he ran out of chump change.
Watch-for-the-$ZMRK-slap-the-ask-trade-at-$0.0013-by-the-stock-manipulator.
$ZMRK surrendered it’s ability to conduct business in California in 2011.
https://businesssearch.sos.ca.gov/
Click on “Corporation” in Search Type
Type in: Zalemark Holding Company in Search Criteria
Then click on “Search”
Zalemark is also “Inactive” to conduct business in Nevada.
mick: Yes, the SS changed. Pete keeps posting $ZMRK September 2016 information.
Current info:
Authorized Shares, now 400,000,000, was 150,000,000.
Float increased by close to 33%.
Total Outstanding shares increased as well to 134,021,139
Read the fraudulent Q2 financials.
http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=176530
Just-noticed...mick added his name back as a $ZMRK-moderator.
$ZMRK = SCAM! Read the below post from Pete from very early this year. It’s all Zalemark B.S. There have been zero sales. Only HUGE losses and fraudulent activity.
$Pistol Pete$
Monday, 02/20/17 02:41:00 PM
Re: Betchips post# 9180
Post # of 9737
$ZMRK TO ZALEMARK SHAREHOLDERS: January 27, 2017
http://zalemark.com/
We are on the threshold of Making Zalemark Great Again.
HIGHLIGHTS OF THE PAST YEAR:
Super Bell sales and manufacturing agreement: We were able to obtain many purchase orders through Zalemark and from Super Bell's independent retail customers. However, we ran into a snag when we switched all of the manufacturing to a subsidiary of Super Bell in China, and had to go through a stringent Certification of their plant to satisfy the requirements of both Crayola and Mars, which has now been completed.
Crayola and Mars licensing agreements: With the Certification of the manufacturing plant completed, we are now ready to go forward with filling our purchase orders, along with new sales, starting in March, which will position us for the Mother's Day sales. We have verbal agreements with both Crayola and Mars to extend our licensing agreements, and will notify you upon written confirmation.
Board of Directors: Mr. Lo Huang, CEO of Super Bell, was appointed to the Board of Directors of Zalemark.
Audit: The long awaited audit should be completed by the end of January. This will allow Zalemark to be a fully reporting company, and allow us to seek an up listing of our stock from its present status on the Pink Sheet.
HIGHLIGHTS GOING FORWARD:
Zalemark will be acquiring Super Bell and its marketing subsidiary and manufacturing subsidiary in China in exchange for Zalemark stock. A Letter of Intent should be signed by the end of January. This will solidify our position for the future with both manufacturing and distribution.
Zalemark will be entering into a licensing and marketing agreement with a 1.5 billion dollar jewelry manufacturing and marketing company headquartered in India. This conglomerate is a DeBeers diamond site holder, and owns two national retail jewelry chains in the United States and 2000 Stores throughout India. This agreement will enable Zalemark to increase the brands available for sale, and instantly expand our customer base in the U.S., China, and India.
2017 will be a year of previously unforeseen growth for Zalemark, and our patient and loyal shareholders should be handsomely rewarded with the growth of our stock. The Board of Directors of Zalemark recently approved the issuance of additional shares of stock for our Treasury to use for the acquisition of Super Bell and its two subsidiaries. The audit and up listing of our stock will enable Zalemark to seek affordable financing for its growth going forward. Please sign and return the attached voting form for the issuance of additional stock at your earliest convenience.
Respectfully yours,
Raymond Ruiz
Raymond Ruiz, CEO
MORE $ZMRK BAD NEWS: The accounting firm, Farber Haas Hurley DENIES being the accountants for Zalemark, even though they are named as the “Accountant or Auditor” on the 2016 Annual Report, and then again on Q1 and Q2 for 2017. This was confirmed by Jeff Haas, partner in Farber Haas Hurley.
This is CRIMINAL. Could be jail time for Caren Courier and Raymond Ruiz. My insiders said Steven Zale will deny involvement but either Courier or Ruiz will finally tell the truth to avoid the prison sentences.
Ask Pete: He talks to Steven Zale.
$ZMRK
$ZMRK:_Five-shares-traded-for-a-total-value-of-under-one-penny._The-funds-are-drying-up-for-the-genius “slap-the-ask”-stock-manipulator.
Bankruptcy: What Happens When Public Companies Go Bankrupt
Feb. 3, 2009
What Every Investor Should Know ...
Corporate Bankruptcy
What happens when a public company files for protection under the federal bankruptcy laws? Who protects the interests of investors? Do the old securities have any value when, and if, the company is reorganized? We hope this information answers these and other frequently asked questions about the lengthy and sometimes uncertain bankruptcy process.
What Happens to the Company?
How Are Assets Divided in Bankruptcy?
Secured Creditors - often a bank, is paid first.
Unsecured Creditors - such as banks, suppliers, and bondholders, have the next claim.
Stockholders- owners of the company, have the last claim on assets and may not receive anything if the Secured and Unsecured Creditors' claims are not fully repaid.
Federal bankruptcy laws govern how companies go out of business or recover from crippling debt. A bankrupt company, the "debtor," might use Chapter 11 of the Bankruptcy Code to "reorganize" its business and try to become profitable again. Management continues to run the day-to-day business operations but all significant business decisions must be approved by a bankruptcy court.
Under Chapter 7, the company stops all operations and goes completely out of business. A trustee is appointed to "liquidate" (sell) the company's assets and the money is used to pay off the debt, which may include debts to creditors and investors.
The investors who take the least risk are paid first. For example, secured creditors take less risk because the credit that they extend is usually backed by collateral, such as a mortgage or other assets of the company. They know they will get paid first if the company declares bankruptcy.
Bondholders have a greater potential for recovering their losses than stockholders, because bonds represent the debt of the company and the company has agreed to pay bondholders interest and to return their principal. Stockholders own the company, and take greater risk. They could make more money if the company does well, but they could lose money if the company does poorly. The owners are last in line to be repaid if the company fails. Bankruptcy laws determine the order of payment.
What Will Happen to My Stock or Bond?
A company's securities may continue to trade even after the company has filed for bankruptcy under Chapter 11. In most instances, companies that file under Chapter 11 of the Bankruptcy Code are generally unable to meet the listing standards to continue to trade on Nasdaq or the New York Stock Exchange. However, even when a company is delisted from one of these major stock exchanges, their shares may continue to trade on either the OTCBB or the Pink Sheets. There is no federal law that prohibits trading of securities of companies in bankruptcy.
Note: Investors should be cautious when buying common stock of companies in Chapter 11 bankruptcy. It is extremely risky and is likely to lead to financial loss. Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares. In most instances, the company's plan of reorganization will cancel the existing equity shares. This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders. And in situations where shareholders do participate in the plan, their shares are usually subject to substantial dilution.
If the company does come out of bankruptcy, there may be two different types of common stock, with different ticker symbols, trading for the same company. One is the old common stock (the stock that was on the market when the company went into bankruptcy), and the second is the new common stock that the company issued as part of its reorganization plan. If the old common stock is traded on the OTCBB or on the Pink Sheets, it will have a five-letter ticker symbol that ends in "Q," indicating that the stock was involved with bankruptcy proceedings. The ticker symbol for the new common stock will not end in "Q". Sometimes the new stock may not have been issued by the company, although it has been authorized. In that situation, the stock is said to be trading "when issued," which is shorthand for "when, as, and if issued." The ticker symbol of stock that is trading "when issued" will end with a "V". Once the company actually issues the newly authorized stock, the "V" will no longer appear at the end of the ticker symbol. Be sure you know which shares you are purchasing, because the old shares that were issued before the company filed for bankruptcy may be worthless if the company has emerged from bankruptcy and has issued new common stock.
During bankruptcy, bondholders will stop receiving interest and principal payments, and stockholders will stop receiving dividends. If you are a bondholder, you may receive new stock in exchange for your bonds, new bonds, or a combination of stock and bonds. If you are a stockholder, the trustee may ask you to send back your old stock in exchange for new shares in the reorganized company. The new shares may be fewer in number and may be worth less than your old shares. The reorganization plan will spell out your rights as an investor, and what you can expect to receive, if anything, from the company.
The bankruptcy court may determine that stockholders don't get anything because the debtor is insolvent. (A debtor's solvency is determined by the difference between the value of its assets and its liabilities.) If the company's liabilities are greater than its assets, your stock may be worthless. Contact your local Internal Revenue Service (IRS) office or call 1-800-829-1040 for information about how to report worthless securities as a loss on your income tax return. If you don't know whether your stock has value, and you can't find a stock or bond price in the newspaper, ask your broker or the company for information.
Why Would a Company Choose Chapter 11?
"Prepackaged Bankruptcy Plans"
Sometimes companies prepare a reorganization plan that is negotiated and voted on by creditors and stockholders before they actually file for bankruptcy. This shortens and simplifies the process, saving the company money. For example, Resorts International and TWA used this method.
If prepackaged plans involve an offer to sell a security, they may have to be registered with the SEC. You will get a prospectus and a ballot, and it's important to vote if you want to have any impact on the process. Under the Bankruptcy Code, two-thirds of the stockholders who vote must accept the plan before it can be implemented, and dissenters will have to go along with the majority.
Most publicly-held companies will file under Chapter 11 rather than Chapter 7 because they can still run their business and control the bankruptcy process. Chapter 11 provides a process for rehabilitating the company's faltering business. Sometimes the company successfully works out a plan to return to profitability; sometimes, in the end, it liquidates. Under a Chapter 11 reorganization, a company usually keeps doing business and its stock and bonds may continue to trade in our securities markets. Since they still trade, the company must continue to file SEC reports with information about significant developments. For example, when a company declares bankruptcy, or has other significant corporate changes, they must report it within 15 days on the SEC's Form 8-K.
How Does Chapter 11 Work?
The U.S. Trustee, the bankruptcy arm of the Justice Department, will appoint one or more committees to represent the interests of creditors and stockholders in working with the company to develop a plan of reorganization to get out of debt. The plan must be accepted by the creditors, bondholders, and stockholders, and confirmed by the court. However, even if creditors or stockholders vote to reject the plan, the court can disregard the vote and still confirm the plan if it finds that the plan treats creditors and stockholders fairly. Once the plan is confirmed, another more detailed report must be filed with the SEC on Form 8-K. This report must contain a summary of the plan, but sometimes a copy of the complete plan is attached.
Who Develops the Reorganization Plan for the Company?
Committees of creditors and stockholders negotiate a plan with the company to relieve the company from repaying part of its debt so that the company can try to get back on its feet.
One committee that must be formed is called the "official committee of unsecured creditors." They represent all unsecured creditors, including bondholders. The "indenture trustee," often a bank hired by the company when it originally issued a bond, may sit on the committee.
An additional official committee may sometimes be appointed to represent stockholders.
The U.S. Trustee may appoint another committee to represent a distinct class of creditors, such as secured creditors, employees or subordinated bondholders.
After the committees work with the company to develop a plan, the bankruptcy court must find that it legally complies with the Bankruptcy Code before the plan can be implemented. This process is known as plan confirmation and is usually completed in a few months.
Steps in Development of the Plan:
The debtor company develops a plan with committees.
Company prepares a disclosure statement and reorganization plan and files it with the court.
SEC reviews the disclosure statement to be sure it's complete.
Creditors (and sometimes the stockholders) vote on the plan.
Court confirms the plan, and
Company carries out the plan by distributing the securities or payments called for by the plan.
What is the Role of the U.S. Securities & Exchange Commission in Chapter 11 Bankruptcies?
Generally, the SEC's role is limited. The SEC will:
review the disclosure document to determine if the company is telling investors and creditors the important information they need to know; and
ensure that stockholders are represented by an official committee, if appropriate.
Although the SEC does not negotiate the economic terms of reorganization plans, we may take a position on important legal issues that will affect the rights of public investors in other bankruptcy cases as well. For example, the SEC may step in if we believe that the company's officers and directors are using the bankruptcy laws to shield themselves from lawsuits for securities fraud.
How Will I Know What's Going On?
Sometimes, you may first learn about a bankruptcy in the news. If you hold stock or bonds in street name with a broker, your broker should forward information from the company to you. If you hold a stock or bond in your own name, you should receive information directly from the company.
You may be asked to vote on the plan of reorganization, although you may not get the full value of your investment back. In fact, sometimes stockholders don't get anything back, and they don't get to vote on the plan.
Before you vote, you should receive from the company:
a copy of the reorganization plan or a summary;
a court approved disclosure statement which includes information to help you make an informed judgment about the plan;
a ballot to vote on the plan; and
notice of the date, if any, for a hearing on the court's confirmation of the plan, including the deadline for filing objections.
Even when stockholders do not vote, they should get a summary of the disclosure statement, and a notice on how to file an objection to the plan.
Stockholders may also receive other notices unrelated to the plan of reorganization, such as a notice of a hearing on the proposed sale of the debtor's assets, or notice of a hearing if the company converts to a Chapter 7 bankruptcy.
What is Chapter 7 Bankruptcy?
Some companies are so far in debt or have other problems so serious that they can't continue their business operations. They are likely to "liquidate" and file under Chapter 7. Their assets are sold for cash by a court appointed trustee. Administrative and legal expenses are paid first, and the remainder goes to creditors. Secured creditors will have their collateral returned to them. If the value of the collateral is not sufficient to repay them in full, they will be grouped with other unsecured creditors for the rest of their claim. Bondholders, and other unsecured creditors, will be notified of the Chapter 7, and should file a claim in case there's money left for them to receive a payment.
Stockholders do not have to be notified of the Chapter 7 case because they generally don't receive anything in return for their investment. But, in the unlikely event that creditors are paid in full, stockholders will be notified and given an opportunity to file claims.
Does My Stock or Bond Have Any Value?
Usually, the stock of a Chapter 7 company is worthless and you have lost the money you invested.
If you hold a bond, you might only receive a fraction of its face value. It will depend on the amount of assets available for distribution and where your debt ranks in the priority list on the first page. If your bond is secured by collateral, your payment will depend in large part on the value of the collateral.
Where Can I Find More Information?
The Company. - Contact the investor relations department in the company's home office. They can give you more information on the bankruptcy proceeding, including the name, address, and phone number of the court handling the bankruptcy.
Your Broker. - If you can't find information in the newspaper or the library, or you haven't received any correspondence from the company, call the person who sold you the investment.
The SEC. - Companies file regular reports with the SEC in a computer database known as EDGAR. For example, a company declaring bankruptcy will file a form 8-K that tells where the case is pending and which chapter of bankruptcy was filed. You can access EDGAR through your computer at: http://www.sec.gov If you don't have access to a computer, your public library may have a computer you can use. You can also request a copy of Form 8-K, or any other reports that the company files with the SEC, see "How to Request Public Documents". You might also be able to get copies of SEC filings from your full-service stockbroker, or the company itself.
Bankruptcy Court. - If the company is in Chapter 7, and has not filed reports with the SEC, or you need more information, the bankruptcy court itself is another source. This court is usually located where the company has its main place of business or where the company is incorporated. (There is at least one bankruptcy court in each state and the District of Columbia.) Once you know a company's main place of business or state of incorporation, you can obtain the address and phone number of the bankruptcy court for that region by visiting the website of the Office of the United States Courts or by calling (202) 502-1900. Court addresses and phone numbers are also listed in the publication, The American Bench, which you can find at your local library. In addition, you'll find links to U.S. Bankruptcy Court websites at www.uscourts.gov/services-forms/bankruptcy.
U.S. Trustee at the Department of Justice. - The U.S. Trustee has broad administrative responsibilities in bankruptcy cases. Check the U.S. Trustee's website, your local telephone book, or the public library for the field office closest to you, and contact them for information on the status of the bankruptcy.
A Securities or Bankruptcy Attorney. - You may want to talk to an attorney, especially if you believe that the debtor defrauded you and you want to know your legal options. If you suspect fraud, you should also report it to the SEC or your state securities regulator .
For a more detailed discussion of different types of bankruptcy, please read Bankruptcy Basics, which the Bankruptcy Division of the Administrative Office of the United States Courts produced to assist the public in understanding bankruptcy.
Modified: Jan. 19, 2016
Will this apply to $ZMRK?
Another $ZMRK “sticky” disappeared. Plus mick is no longer a moderator. It’s BANKRUPTCY time folks. The deadline for filing the Q3 is long past due.
Wishing my $ZMRK “adversaries” a bountiful and happy Thanksgiving.
Especially Pete and DJPB.
And to the Zalemark Officers and Directors; Steven Zale, Carren Currier and Raymond Ruiz...hopefully next year you will be eating your turkey behind bars (in the slammer) where you all belong.
The-longer-$ZMRK-delays-the-Q3-financials,-the-worse-the-news-will-be._The-Zalemark-options-are-bleak-at-best. Carren Currier was the Controller/Secretary/Treasurer who signed off on the last Q2. Now it’s Tina Ann Neukirch. Did the felon and admitted embezzler Steven Zale bail out also? What about Raymond Ruiz...is he still there? What inmates are running this asylum?
Finally it’s over. There are no funds available to even pay a bankruptcy attorney.
$ZMRK:__MISSING A FILING DEADLINE CAN HAVE DIRE CONSEQUENCES__read-below:
If the deadline is missed, however, consequences may include loss of SEC registration, de-listing from stock exchanges as well as possible legal consequences. And there are other consequences to non-timely filings as well, that an investor or other stakeholder might want to take note of.
Recent research supports the idea that NT 10-Qs have a negative effect on share value, as one might expect. A paper by Bartov, Defond and Konchitchki, for example, presented evidence that late filings are correlated with negative market reactions. Interestingly, the negative share price reaction tended to be more dramatic for NT 10-Q filings, particularly when the reason for the delay was related to accounting issues.
One reason that late quarterly reports may be more significant is that they contain less information than a 10-K and aren’t audited, and therefore should be easier to file. The relative simplicity of the filing leads to questions about the reporting company if they are not able to meet these fairly minimal requirements. Are the company’s controls effective? Are there accounting issues? Are the personnel inadequate? These are just some of the questions an investor might have.
To summarize, common sense suggests that any NT is bad news for the company, and a red flag for investors and regulators alike. A little digging into the data suggests that NT filings that are either filed outside of the 40-41 days window or are not followed with a prompt completion of financial reports raises more significant red flags.
Credit for the above goes to Audit Analytics 2017.
The Q3 was extended for five days. But the fifth day was this past Sunday. Does that mean it rolled over to yesterday? I don’t know. But still no Q3 was filed publicly. So Zalemark is late and in default. But what I do know is that $ZMRK is ready to file for BANKRUPTCY. The problem is that Zalemark has no money and can’t trade worthless stock for services. No one believes them. This sham/scam house of cards is finally collapsing. And it’s way over due. Maybe the “slap the ask” manipulator can come up with some coin to pay the dumb accountant.
$ZMRK-is-ready-to-file-BK._They-have-defaulted-on-their-licenses-with-Crayola-and-also-Mars/M&M’s.
$ZMRK-Q3-extended-filing-date-ends-today,_Sunday,_November-19,_2017.
$ZMRK:_Late-Filing-Extension...why?__Not-a-good-sign._See-link-below-that-explains-a-corporate-officer-change. It’s B.S. There are no sales to report. Why the delay? A change in corporate officers is never a good sign. Especially when the company is on the way out....unless the change is that Steven Zale has left the building. That would be the best thing that could happen to Zalemark.
http://www.otcmarkets.com/financialReportViewer?symbol=ZMRK&id=182517
Two-$13-“slap-the-ask”-trades-to-spike-the-price._The-$ZMRK-“Chart-Manipulator”-is-at-it-again.
Can-I-get-a-show-of-hands-of-the-Zalemark-investors-that-are-really-excited-to-see-the-$ZMRK-Q3-financials. I believe the rule is 45 days from the end of September. And October had 31 days so the additional 14 days end today. So the financials should be released today. Unless Zalemark asks for an extension...mmmm....why would they do that when there are no sales, nothing really complicated as this is a shell of a business that is ready to file bankruptcy. At this point, all stockholders, stakeholders and lenders of money or services know it’s over. No one wants worthless shares of stock in exchange for monies owed. Let’s bury this beast and move on.
This-is-a-big-week-for-$ZMRK._Q3-results-are-coming-out-any-day-now._Still-no-sales._Huge-losses._Are-they ready-to-file-BANKRUPTCY? Am I the only one that can see this is a scam company? Over two years since they announced they would be an “audited” company. Plus many news announcements stating the audit was ongoing and would be finalized early this year. A shareholder letter from January of this year stated the audit would be done that January...nine months ago. No uplisting coming. You can’t uplist without being audited. What is coming is BK or a PPS in trip zeros. Zalemark is on life support and the plug is about to be pulled.
$ZMRK-Q3-financials-are-coming-soon._HUGE-losses...again.
$16-“slap-the-ask”-trade-to-spike-the-price._Try-to-sell-some-$ZMRK-stock-and-see-what-the-PPS-drops-too.
Pete:_Are-you-still-thinking-$ZMRK-will-be-shipping-Crayola-or-M&M-jewelry-for-Christmas?_Zalemark-has-had-the-Crayola-license since (I believe) 2014. And they never shipped any Crayola or M&M jewelry EVER. Why is that?
A-new-round-of-$ZMRK-selling-coming-shortly._Q3-financials-coming-soon._Again-no-sale/revenue-and-huge-losses.
$ZMRK-has-lost-or-will-lose-the-licensing-rights-with-M&M’s-and-Crayola._No-sales-or-revenue._ZMRK-has-defaulted-on-the-agreements
Another-$14-purchase-to-“drive-the-price-up”._Done-by-the-desperate-manipulator-$ZMRK-“ask-slapper”.
The-charts-for-$ZMRK-are-worthless._All-manipulated-by-cheap-slap-the-ask-buys.
A-manipulated-$15-“slap-the-ask”-trade-at-$0.0015._Ten-thousand-slap-the-ask-shares-for-15-bucks. $ZMRK will drop like an anchor from the Titanic because there is no buying support at higher levels.
$ZMRK-net-loss-for-the-second-quarter-was-$214,208._The-upcoming-third-quarter loss...who knows._But-the-retained-earnings are close to NEGATIVE 10 MILLION. This company is ready to file for BANKRUPTCY.