Zalemark buried themselves with their B.S. "News-Announcements" and "Press-Releases".
They have "lied" to their investors so many times that it finally caught up to them. NOTHING EVER MATERIALIZED. Their credibility is gone.
Zalemark makes promises that they know can't be met. And they got many investors to believe it. A few still do. But most have disappeared. There can't be any long term interest in a jewelry company that doesn't sell any jewelry. Sales is the grease that keeps the wheels from squeaking. No sales equates to no profits...only continued losses. This is a rusted out company that is ready for the scrap heap.
Steven Zale needed the PPS to rise dramatically. His plan was to get the Crayola and M&M licenses and make a sales forecast of $50 plus million in 2015. Net profits were to be around $25 million. Business people and accountants know that these numbers are absurd. But Steven Zale was hoping some sucker investors would buy into it. Many did. And he has stockholders and stakeholders that have individually given him over $1,000,000 each. Numerous investors did that hoping for huge gains. Read the financial statements. Over $8,000,000 in negative retained earnings and net losses. Where did that money go?
The PPS for ZMRK is not heading north as some naive investors think.
Sales are the driving force for a company supposedly selling to Tier 1 retailers. They haven't sold jack-$&@? to anyone. And Zalemark doesn't tell you anything...it's always from a wishful thinking naive investor that also doesn't know jack.
There will be no audit. There will be no uplisting and there will be no stock for funding from Kodiak. The stock price can't support the funding. And the surrender to the California Secretary of State, to give up doing business in California. Clearly not a good sign.
Incompetent, inept and grossly stupid leadership. That was so evident when I got here in August of last year. I read over all the financial statements...they had GIANT red flags everywhere. I read all the news announcements and press releases, and I couldn't find anything that led to positive results. But yet, all the "touters" had their heads buried in the sand or as I surmised, one chartist touter was getting paid in stock or cash.
Zalemark is INSOLVENT.
