Zalemark Holding Co Inc (ZMRK)

[fact-checker]

Big anouncement regarding the JTV lawsuit coming soon. OK, the convicted felon Steven Zale (who by the way was arrested for dealing cocaine and who along with his wife were arrested for embezzlement) did pull off this $1,000,000 financing deal. So I expect the JTV financial settlement will be paid and an announcement will be forthcoming. But it's just a million dollars. This company las lost millions in the past few years. Will they now start paying their employees money instead of worthless stock. They owe too much money. They have no credibility with vendors who will certainly require upfront payments for orders that are placed. They are going to go through that $million so fast. It's not enough to get by on. It's a very short term fix to keep the wolves away. I would love to see how many shares were given for that million and also the structure that was required. No wonder Steven Zale has been distancing himself from the company...it makes logical sense that the new "mark" wouldn't want him as the front man.
$1,000,000 is like a band-aid on a severed limb with this company.
As always, this is my quite educated opinion (after all...who else's opinion would it be).