Tuesday, May 24, 2016 3:27:03 PM
Is this why "Ernie" quit?
He couldn't take being associated with the convicted felon and admitted embezzler, Steven Zale, any longer.
At the end of the third quarter 2015:
$302,000 in inventory listed.
At the end of the fourth quarter 2015:
$14,695.12 in inventory listed.
Zalemark showed sales in the 4th qtr
with the cost of goods for those sales at $155,183.80.
So if you started the 4th quarter with $302,000 in inventory and your inventory cost for the cost of goods sold was $155,183.80 then your ending December 31, 2015 inventory would be $146,816.20...NOT $14,695.12. A difference of $132,121.08. Where did this inventory disappear to?
PLUS, you can't compare the inventory numbers to the 1st quarter 2016 financial statement because they filed the documents without page 5. Page 5 is missing. This shows paragraphs 7 and 8.
Paragraph 7)
Describe the Issuers Facilities
Assets (this is where the inventory was listed)
Paragraph 8)
Officers. Directors and Control Persons
Absolutely unacceptable. Both in the unexplained disappearance of inventory and the sloppy filing of the documents.
No accountant or bookkeeper (Caren Currier) should ever have signed off on this.
To me, it's CRIMINAL!!!
But the sheep will follow the wolf to the slaughter house.
So stop telling us you did your DD. If any of you underwater longs did, then you wouldn't be underwater.
Stop believing what Zalemark and Steven Zale says. Stop believing the dumb and dumber chart guys. Stop listening to other sheep. Read the financial statements. If something doesn't seem right then question it.
Zalemark is insolvent...there is no chance for them to recover.
1st Quarter 2016:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=155115
4th Quarter & Annual Report 2015:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=151588
3rd Quarter 2015:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=147063
2nd Quarter 2015:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=143228
1st Quarter 2015:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=138237
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