Zalemark DOUBLED the A/S last-year. DILUTION COMING.
That gave 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". They won't 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. And he has already eaten into those extra shares. Let's see what he will do with the remaining shares now that Kodiak Capital won't be utilizing them. It's anyone's guess as to what is coming next; Dilution or Bankruptcy.
My guess is that they file for BANKRUPTCY before they release the year end financial statements.
I would like to know why smart business people...like Warren Nobusada, who put up over $1,000,000.00 bought into the scam. Who approached guys like them to invest? Some of the investors can ride out the losses but others can't. Look at the past financial statements, and the news releases, going back a multitude of years. Who told these people Zalemark was a good investment? Who told people and family trusts to purchase restricted stock direct from Zalemark (of course at a discount)? Somebody probably made a commission to intice people to invest. Mr. Martel; why did you invest? Not only did you lose your money but you lost your self respect as well. But you keep on working, you know too well nothing will ever happen. What does your family think?
Shame on all of you.
