There are-no funds to-pay-loans, suppliers/legal/accounting or sweat equity-people.
Zalemark has traditionally paid people and companies back with (worthless) stock, under categories on their financial statements called:
"Services Rendered" (outside contractors)
"Debt Conversion" (sweat equity and loans to Zalemark)
Or, they may have sold restricted stock at a deep discount. This category is labeled as:
"Purchase"
There were no "purchases" made on the Q3 financial statements. Investors have finally seen that this is a worthless stock to put money into even if they get their shares for half price of market value...or less.
If the PPS was $0.01 at the end of the year and Zalemark had only 70 million shares to give out, that would translate to $700,000. But because the real PPS share is really around half of that penny value then that only gives Zalemark $350,000 in (worthless) stock to trade out. And then what? Can they double the amount of shares again to 300,000,000? This would again dilute the value of the existing PPS.
Really...bankruptcy is the answer. And not Chapter 11 reorganization. No judge would grant that. This is a straight 7.
But I love the fact that the loyal Zuppets think all this is OK and they are comfortable in their DD. Let them support the stock at these levels. Hopefully they will purchase more shares.
"Can't wait to see the Annual Report...audited or unaudited."
