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Wednesday, January 20, 2016 10:38:17 AM
Don't forget Zalemark DOUBLED the A/S last year. That gave him (the convicted felon Steven Zale who served three years in prison for dealing cocaine) shares of Zalemark that he was going to use for the Kodiak funding. But that can't happen because of the PPS being sub penny. There is no real equity to trade for funding. So Zalemark (without any real income either) has to pay the sweat equity people with stock. And because the price is in the toilet, the amount of shares will be much higher than in the past. But that is only the few employees that are still hanging on. What about the accounting firm supposedly doing the "audit". I don't think they can accept stock in lieu of their fees. But possibly others can. Zalemark has converted debt for stock in the past (read the financial statements). This company has run out of financial options. I didn't see anyone buying stock directly from Zalemark on the Q3 financials so incoming funds may have dried up. But Steven Zale added 75 million shares last year without notifying his general investors. Let's see what he will do with the remaining shares now that Kodiak Capital won't be utilizing them. Dilution is coming.
And for all investors who haven't seen all six parts of the video Steven (Mr. Pity) Zale produced. I urge you to watch it completely. Maybe one of the moderators can sticky a link to it.
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