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.
