Sunday, November 15, 2015 8:33:51 AM
Debt Conversion
Services Rendered
Purchase
Debt conversion; If Zalemark owed money for loans that were about to become due, or for payments to suppliers, and they didn't have the funds to pay them, Zalemark converted the debt by issuing shares of stock at an agreed upon price per share. The price per share has declined appreciably from the price they received.
Services rendered; these shares of stock were issued in lieu of financial payments to employees, accountants, lawyers, companies that Zalemark used to hype their stock, the licensing person that introduced Zalemark to potential licensors and others. Again, the pps has declined dramatically.
Purchase; these people or in some cases, trusts, actually gave Zalemark money. I am not sure how or why they decided to do this. Who told them that this was a good investment? Did the person that got them to invest in Zalemark get paid in cash or stock? This area bothers me the most as the prices they paid in most cases have severely declined in value. The interesting thing that I noticed in reading over past financial statements is the lack of any insurance payments that would cover officers and directors in case of their being sued over these investments. This could be a huge personal liability against the officers and directors.
I hope that the new Q, which should be coming out in a few days, doesn't have new purchases by these naive investors.
You can see this listing when you click on the quarterly statement and then click on "download report".
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