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Thursday, May 19, 2016 6:52:33 PM
But in reality, Zalemark has about 65,000,000 shares left in the kitty. But that is only worth $325,000. But try to dump 65 million shares and see what that would do to the PPS. The liabilities are 1.3 million dollars. They lost $163,000 just last quarter. So the debt keeps rising on a daily basis. No one is purchasing the jewelry and Zalemark is locked into minimum quarterly licensing payments. Sell now before the bankruptcy. Either way you will take the tax loss next year. But you could walk away now without it being a total loss.
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