Zalemark Holding Co Inc (ZMRK)

[fact-checker]

The Crayola jewelry collection bombed. Retailers didn't like-it.
Zalemark has had the Crayola license for over one year. The jewelry was supposed to launch in major department stores in the third quarter of this year. But not one major retailer purchased or even tested the product. This was a huge product failure. There is no Crayola jewelry or for that matter any Zalemark brands in any retail stores. This isn't the first time Steven Zale bombed with his jewelry. He continues to lose millions of dollars of investors money. He has left a trail of destruction with bankruptcies and failed businesses. And the constant chatter regarding audited financial statements and uplisting doesnt mean a thing when you haven't made any sales. Not only that, but Zalemark has to make a settlement payment to JTV. The amount could be as much as $4,000,000. This is due in early December...next week or possibly the week after next. They have no funds to make this payment. Read the financial statements. The PPS drop reflects this.