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Thursday, December 03, 2015 2:16:06 PM
The Crayola retail launch...delays upon delays but NO word from Zalemark. No major retail department store bought it. The collection bombed.
The audited financials...why spend the money when you have no sales or revenue. Plus they have been saying this since 2010. So no uplisting either.
Steven Zale has projected $58 million dollars in sales this year and in the last quarter the sales were $973.07.
The new $1,000,000 line of credit...there are more contingencies that have to be met and secured. Plus the stock price can't warrant the million dollars. Zalemark will have to issue more shares which will further dilute the PPS so you can forget about Kodiak trading stock for much needed funding. It won't happen.
Steven Zale has a criminal past that can't be dismissed. He has taken companies into bankruptcy. He has borrowed money that he can't pay back. And Zalemark continues to lose millions. Plus in his many years having businesses...he has never been profitable.
Plus, he is no great jewelry designer. No stores carry his products.
All in all; just a lot of hype but nothing to show for it. Steven Zale has been "crying wolf" for way too long. But what amazes me is how he continues to get big investor money to believe in him. You would think a million dollar investor would have some brains. It's so obvious that this is a scam and yet some of them bought in for over a dollar a share. And all those smaller naive investors that purchased restricted stock directly from Zalemark at half price or less than what was the current market price. Now that their stock is unrestricted it's not worth anything. And all the "sweat equity" employees who got stock, along with consultants and suppliers and so many others who received stock instead of payments...all pretty much worthless. These are not the brightest bulbs in the lamp.
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