Saturday, April 30, 2016 10:51:51 AM
Super-Bell & Zalemark ride-in on-their white-horses to-save-the "ailing-independents". What a laugh.
I just re-read the press release. So Steven Zale and Lo Huang combined their parallel paths to support the ailing independent retail jewelers.
What a joke. How are they going to do that? Only with "wishful thinking".
They got together about a year ago and nothing happened...even though investors were promised a Crayola launch in the third quarter of last year. The jewelry being shown is "laughable" certainly not "saleable".
The proof is that no retailers purchased it. The styles and pricing aren't compelling enough to get any retailers OR consumers to buy it. It's not fine jewelry. There are way too many other better and well positioned jewelry brands to compete with. The retailer just doesn't need what Zalemark has to offer. Plus the fact of being associated with a known drug dealer who hasn't had a successful business is just not good business sense.
So Steven Zale is again doing what he knows how to do best; losing money. As my research and PROPER due diligence show; he has always lost money. I can read and understand financial statements and I can also read and see through B.S. press releases. Zalemark is a losing company...always has been. Steven Zale (an ex con that was sentenced to three years in prison for selling huge amounts of cocaine and arrested for embezzlement) has bankrupt and also closed numerous business's and left HUGE unpaid obligations. He is inept. And so are the other "sweat equity" people in the Zalemark organization. It's obvious, as they can't get "real paid employment" any where else. And the longer they rely on Steven Zale, it just fortifies their ineptness. Who would hire them with their track record. Either they have been "had" or they are part of this scam.
Smart investors know this. They are not about to put hard dollars into Zalemark. No "whale" is going to invest without seeing a potential profit. They don't invest in "wishful thinking". The whales eat the small fish investor. There is just to much debt to overcome.
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