Saturday, April 30, 2016 4:10:03 PM
Zalemark needs complete audited financials plus other necessary documents submitted before Kodiak would trade stock for funding. Zalemark doesn't have a strong financial balance sheet to warrant the funding. They are underwater by $8,000,000. Plus the fact that the price per share is so depressed (because of lack of sales and profits) that there is no equity to secure the borrowed funding or even trading the stock for much needed cash.
Bottom line: No Kodiak funding. No audited financials. No uplisting. Zalemark is burdened with too much debt.
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