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Monday, May 09, 2016 10:50:52 AM
Over 11 months since Crayola was debuted at the highly publicized trade show in Las Vegas. And NO SALES!
And no explanation from Zalemark or the ex-convict felon Steven Zale, as to why? The answer is simple; nobody liked the concept...it's quite obvious. Except to a few desperate underwater longs that keep posting charts and phrases like "good news, great news or exciting news is coming soon". The highly touted third quarter 2015 Crayola launch never happened. So Zalemark missed testing the merchandise in August or September of last year. If the product sold well the major retailers could have placed big orders and promoted the product during the "fall-holiday season". Zalemark missed Fall 2015, then missed Black Friday sales, then missed Cyber Monday sales, then missed Christmas sales, then missed Valentines Days sales and now missed Mothers Day sales.
And I am pictured as the bad guy for bringing this up. I am not a wishful thinker hoping that Steven Zale will push the PPS higher. Only legitimate sales and profits will do that. No smart invester is jumping in because some paid tout says "be patient" or "whatever". Or another naive investor says "buy in now or you will be chasing this stock as it goes north."
The stockholders and investors should hold ALL the officers and Steven Zale accountable. Instead they just make excuses for incompetent leadership.
Put Steven Zale back in prison where he belongs. Over $8,000,000 lost between the negative retained earnings and the net loss for last year. Read the financial statements. Where did this money go. If there is a class action lawsuit by the investors, stockholders, stakeholders, people and entities that loaned this company money then maybe we will see how Steven Zale has supported his lifestyle without taking a salary.
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