Zalemark Holding Co Inc (ZMRK)

[fact-checker]

$ZMRK-INSOLVENT: unable-to satisfy-creditors or-discharge-liabilities, either-because-liabilities exceed-assets or-because of inability to pay debts as they mature.
Zalemark meets (and exceeds) the definition of "insolvent". They are buried in huge debt without the ability to pay back creditors. BTW: this is not unusual for Steven Zale, as he has done this repeatedly in the past.

Zalemark printed additional shares of stock last year with the intention of trading those shares for cash from Kodiak. Even if Zalemark sold all those extra shares for today's market price and you include that in with their current assets they would still be in debt. Zalemark is INSOLVENT. No sales in the first quarter of this year and no sales/revenue on the horizon. And the expenses keep mounting. The sun is setting on Zalemark and dark times are a-coming.