Zalemark Holding Co Inc (ZMRK)

[fact-checker]

Old saying: Fish stink from the head down.
If this company wants to continue doing business then you need to get rid of everybody EXCEPT anyone with lots of money. You have to clean the slate. There are no smart jewelry people running or advising this company. That includes Steven Zale and his trusty side kicks Ray Ruiz and Ernest Martel. You don't want yes men or women working there. Warren Nobusada can stay as he has money and "cahones" (not sure of the spelling). But you can't attract great people with sweat equity stock, and these people don't come cheap. You have to entice someone with a huge salary...$200,000 to $600,000 plus stock and stock options. A well connected CEO for $400,000, a designer for $200,000 and a top sales person that has the connections to all or at least most of the major retailers. That person will cost you half a million dollars plus a percentage of sales. All these people must be jewelry veterans with major jewelry contacts and are working now and earning serious bucks. If you do this then there will be some credibility for stockholders to believe in. At least that way you may be able to get a real bank to finance the receivables. You have to run this company like a real business. Fully transparent with audited financial statements from a "trusted" brand name accounting firm.