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Monday, April 11, 2016 8:56:46 PM
Zalemark needs to figure out how to get sales...followed by profit. Sales and profits don't come from the news announcements and PR. The current PPS is much lower than it was last year and much much lower than years before. Zalemark needs revenue that can produce profits. This company, and also Steven Zale, has never done that. Only losses, failed businesses and bankruptcies. The reason you will continue to see more PR and news announcements is because the inept Steven Zale needs the PPS to get much higher so he can try to exchange shares of stock for urgently needed funding. And to qualify for the funding, ZMRK needs audited financial statements. That is just not going to happen. You have to be a legitimate ongoing concern and there are way too many questionable red flags on the financial statements for that to happen.
So Zalemark should forget the B.S. press releases and concentrate on running a "normal" jewelry business. But Steven Zale has pissed away more than $8,000,000 over the last few years and they have no sales coming in. Zalemark is burdened with enormous debt. They can't survive. I still "hear on the street" that three "entities" are talking about an involuntary bankruptcy.
Note to investors that can read and understand a financial statement:
Read the 2015 annual report. The numbers don't make sense.
I have stated that often that I always seem to get a response from a few underwater stockholders that the financial statements look good to them. They say that because they have no idea or comprehension of basic mathematics. One plus two equals five; that seems right to them. Wishful thinking is not "due diligence".
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