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Friday, April 29, 2016 10:27:28 AM
Also look at Mick's post 7348 where it shows the "Consensus of 13 Analytics = SELL."
And remember those charts have been manipulated by ask slapping cheap trades of $10 or less at the days close. So the results would be even worse had someone not inflated the PPS.
There is no future to Zalemark. Way over burdened with debt. They owe more than four times their current accounts payables to their current accounts receivables. Which means for every one dollar supposedly coming in they absolutely owe more than four dollars.
And it has to get worse. The debts keep accumulating. There are minimum quarterly royalty payments to be made to Crayola and M&M's. There are no funds to make these payments and they can't trade stock for urgently needed funds as the stock price is to low in value. They continue to have huge losses, as they have had since inception. Between the negative retained earnings and the year end net loss, Zalemark is now over $8,000,000 UNDERWATER. Read the year end financial statement.
The end result is they will DEFAULT on both licensing agreements. They have to, as they haven't had the heavily touted promised launch with either Crayola or M&M's. There are NO SALES.
No major retailers purchased the jewelry in close to ONE YEAR. It was highly touted and shown to buyers at the biggest jewelry trade show last June. No one bought it then and it's obvious that the merchandise has no appeal or compelling reason for any store to purchase it now. Eleven months and no sales!
No "wishful thinking" will save this company. Start making the funeral arrangements.
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