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Monday, April 11, 2016 6:12:23 PM
Steven Zales branding concept has NEVER worked. Always losing money on everything he touches.
Zalemark is to far in debt to go forward. Their Accounts Payables are more than four times their Accounts Receivable's. The combined net losses and negative retained earnings are well over 8 million dollars. That $8,000,000 is a NEGATIVE. The reason for no sales is quite simple. The jewelry is not suited for the intended market that Crayola is trying to reach. I-Glow is correct; this is jewelry styled for kids...not adults. The problem is that another company has the license to produce Crayola costume jewelry. So if you are looking for a stock that is "headed north", this isn't the one. Zalemark is led by an inept businessman who also has an inept sweat equity team following their leader. They keep getting stock instead of money so they think they can't leave. These are not bright people as they should have left years ago for a "real paying job".
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