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Wednesday, February 10, 2016 5:11:02 PM
Wasn't M&M jewelry supposed to be previewed in the fourth quarter of last year? And then available for delivery in the first quarter of this year.
Is this déjà vu all over again?
I can't say for sure, BUT knowing the pattern and conduct of Zalemark and the past criminal behavior of Steven (oh pity me...please) Zale, I wouldn't be surprised if no major retailer was presented with a viewing of the M&M jewelry styles. And if I am wrong, then no major department store or jewelry chain buyer liked the concept or the merchandise well enough to place an order. And why would they? No major retailer wants to be associated with product that is tied to a twice convicted felon who served three years in prison for dealing large amounts of cocaine. And who also was arrested for embezzlement. It doesn't make sense to them when they have a multitude of jewelry sources to get product from.
Plus the company is out of money and can't pay suppliers, including legal and accounting companies as the stock is basically worthless. And they can't pay loans back either. They have nothing to trade to those people except more, ever declining, worthless stock.
I can't wait to see the year end financials...audited or not.
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