Zalemark Holding Co Inc (ZMRK)

[fact-checker]

Bankruptcy is a good option. Aside from JTV, you have licensing deals that require (I would assume) quarterly minimum payments. Crayola is over a year old so the beginning leniency period to establish and sell product is over. That is usually no payments for the first 6 months aside from an initial payment due when the agreement is signed. We should see monies owed or paid out to Crayola on the financial statement due out this month. The same with Mars/M&M's. First 6 months free for M$M's then quarterly minimum payments are due. Hearst Corporation (another Forbes 100 or 500 company) was named as a creditor in the last Zalemark bankruptcy.
So the scenario is; major licensing payments coming soon and no funding to make those payments:
JTV up to $4,000,000 (I believe).
Contract payments due to Crayola.
Contract payments due to Mars (not sure when).
Operational expense money (just to keep the business afloat)
I think outside investor money to Zalemark Holding Company has dried up because of all the B.S. that has been exposed. You could see some names on the next financials. But no more after that.
And lastly, but probably the most important is NO SALES TO ANY SIGNIFICANT RETAILERS AS PROMISED.
No money, no sales...GAME OVER.
And one last thing before I have to meet my associates for lunch: I-Glow and I will probably be the excuse that Zalemark comes up with for why they had to file for bankruptcy. Blame us. But certainly don't blame the iconic award winning Steven Zale on why he couldn't sell one major retailer on his forward thinking vision.