Saturday, November 14, 2015 4:42:51 PM
Non sufficient funding. You can't run a business and compete on a high level without "talent". And talent needs to be paid a handsome sum of money. Talent comes in many forms:
DESIGN TALENT; Zalemark doesn't have it. If their designs were saleable you would find them in stores. Recent yearly revenue has been virtually non existent. Design talent costs money...not stock.
SALES TALENT; Zalemark has no major store sales or connections to the buyers to help facilitate sales. Sales talent is vital to the success of any business. No sales...no existence. Sales talent costs money...not stock.
FINANCING TALENT; this is one area that really surprises me as Zalemark continues to get investors to purchase shares directly from the company. But if you read and understand their financial statements you will see how misleading and in my opinion fraudulent these statements are. I give applause to Zalemark for getting investors to give them cash for what I feel is worthless stock. But I take away points from their CFO for signing off on the financial statements. I think the investor money will have to dry up with all the current knowledge that has come out. I am anxious to see the new Q to see if their new accounting firm prepared them or if it was done by their old account.
With no sales and no money, Zalemark can't survive.
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