Wednesday, February 03, 2016 12:45:13 PM
Valentine's Day is quickly approaching, just like Q3 last year when the so called launch was to take place and then longs stated "for sure, Fall and Christmas". Well, none of those launches happened. And now we get a desperate investor (who has bought into Zalemark at a much higher price) to acknowledge he has confirmed from sources other than Zalemark that Crayola jewelry will be in stores prior to Valentine's Day. Nothing these desparate investors have ever stated has come true.
The Q3 sales were under $980...quite pathetic.
Q4 could even be worse. We will know shortly, but if the financials are not audited, than more deception.
Q1, 2016 will have no sales also.
I just can't imagine that there will be a Q2.
No bankruptcy judge will ever allow a Chapter 7. There are no significant purchase orders to persuade a judge to let this company continue. There is no outside funding and no chance of a white knight to come in as all old white nights have lost millions on Steven Zales failed concept of how to do a branding business.
And then Mr. Have Pity On Me, makes a video pretending he is not the criminal he once was. Pathetic!
No major department store buyers or jewelry chain buyers liked the Crayola concept or the jewelry. And now with Steven Zale finally admitting he served three years in prison for dealing large amounts of cocaine and also admitting his embezzlement arrest, no one wants to be associated with Zalemark or Steven Zale.
Bankruptcy looms!!!
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