Zalemark Holding Co Inc (ZMRK)

[fact-checker]

The PPS has caused serious ramifications for Zalemark.
There has been no sales, which means no incoming revenue. This company has been limping along on loans to Zalemark by outside investors, some large and some small...(read the financial statements).
Zalemark has been using their stock to make direct sales to people, trusts, etc etc. Those funds have dried up as they did not report any direct sales on the Q3 financials. BUT, they did trade out stock to people and companies for "debt conversion" and "services rendered".

The major issue today is that the stock is basically worthless and that Zalemark needs a extraordinary amount of stock to cover "sweat equity" workers in addition to trading stock for debt conversion for loans that are due and for invoices that are due. There isn't enough "paper" to trade. Plus the fact that without significant legitimate purchase orders from any major department stores or large jewelry chains, no one in their right minds would want to receive stock in trade for cash now as it is hitting new lows. There is no upside. Bankruptcy is getting closer.