Oh!!! So-the-next big "material-event" is-the Las-Vegas-show. No-Crayola launch-first?
The desperate longs have been posting about the Crayola launch since mid last year. Zalemark stated the launch was happening in the 3rd quarter of last year. When that didn't happen the desperate longs said October. Then they changed that to November...to be in stores for Black Friday. Then, December in time for Christmas. Then when Zalemark missed Christmas they said either Valentine's Day or 1st quarter of this year. But the fact of the matter is; Zalemark still hadn't launched Crayola jewelry...EVER.
And now one really gullible desperate long is changing it to "Las Vegas" in June as being the next "material event". The fact of the matter is those really gullible desperate longs have no relevant information...only "wishful thinking"...which they post as their due diligence.
I post facts:
Zalemark is out of money.
They have huge debt.
They have no ability to borrow funds.
They have no ability to pay anyone.
They are over $8 million underwater.
The "sweat equity" people want out.
The "street" is talking bankruptcy.
And Zalemark surrendered, to the California Secretary of State, their right to conduct business in California. Zalemark has only one domicile and that is in California.
Steven Zale is incompetent. That is a fact backed up by past bankruptcy's, failed business endeavors and huge amounts of monies owed to stakeholders and creditors. And, I am not bringing up his past criminal behavior that landed him in the slammer for three years. He has NEVER made money for his investors.
The Steven Zale branding concept could only work when there is a proper infrastructure in place, backed by financial support to properly promote the brand. But first and foremost you need compelling products, beautifully designed, made well and priced right. The product that Zalemark is featuring is horrible. Forget what I personally think of the designs. The fact is that the Crayola jewelry product that Zalemark designed and tried to sell has not been purchased by any major retailers in close to one year. That is a huge red flag. AND, there are minimum royalty payments that have to be paid or Zalemark will lose the license. There is no money. Their debt is strangling them. This company has no foundation...it's built like a house of cards which is ready to collapse. Look at all the past press releases and news announcements...not one of them has come to fruition. Read their financial statements. Red flags everywhere. The million dollar investors of the past didn't listen to their accountants or financial advisors. Their million dollar investment is basically worth nothing. And their association with Steven Zale has put a bad light on them as well.
As I have stated in the past; longs should buy more shares if they truly believe in the future of Zalemark. And buy them direct from Zalemark. They will be restricted for a few months but you should be able to get them at least half price to what they are publicly trading for.
