Zalemark Holding Co Inc (ZMRK)

[fact-checker]

Always promising something but never able to deliver.
Zalemark has had the Crayola jewelry license for over one year. They stated emphatically that the jewelry would be in stores for third quarter. But it isn't in one store even now in mid November. And nothing from Zalemark they have not explained why they did not get any major retailers to purchase any product. Steven Zale talks a big show but has continually failed to deliver anything. Not one of their so called brands are in any stores. Zalemark is selling shares of stock not jewelry. That is quite obvious when you read their financial statements. Millions of dollars lost on no sales. The new quarterly statement is due out this weekend or at the latest early next week. Read it carefully. There is a lawsuit that could force Zalemark into bankruptcy but it was never mentioned in any past financial statement but yet a payment has to made to settle it in early December. This is a major breach of trust to the stock holders if it doesn't get mentioned again. In failing to get any substantial fourth quarter major department store business Zalemark has left itself to be very vulnerable in the first and second quarters of 2016. There is no momentum to carry purchase orders from the major stores through to 2016. Any new business will be small test orders on consignment. By shutting off Christmas business there will be no Valentines Day or Mothers Day business as those better selling styles for Christmas would be rolled out for 2016. The first 6 months of 2016 will be disastrous for Zalemark. They can't survive.