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Thursday, April 28, 2016 2:38:35 PM
With no sales and no money coming in, and with accounts payables that are four times the questionable accounts receivable, it seems likely Zalemark will be in default on both its licenses. In looking over past financial statements and bankruptcy documents, along with news and press releases, you will see huge amounts of money owed to Hearst Corporation on Zalemarks failed Seventeen license. Also monies owed to Badgley Mishka and so many others. Do real "Due Diligence" and read these older documents.
The branding concept has NEVER worked for Steven Zale. Zalemark needs huge sales to support the minimum quarterly royalties. Again, read the "old stuff". Always closed businesses or bankruptcies leaving huge unpaid obligations.
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