Thursday, June 30, 2016 2:49:44 PM
As evidenced by the lack of sales and excuses that Steven Zale and now Raymond Ruiz are making, there are no great people at Zalemark.
The board (bored?) of directors should take a long hard look at the direction of Zalemark. The company has never been profitable. The truth about Steven Zale's criminal past only came to the surface late last year. Having no sales with Crayola or M&M jewelry is very telling. And the money has run out. What was it that they and other investors saw in "the inept Pied Piper"? They were blinded by greed. It was so obvious to me when I started reading the financial statements and press releases that Zalemark was a sham. No credibility in the leadership. Nobody questioned what Steven Zale was doing. He talked, and they listened and followed along.
I don't get it. Supposedly smart business people who blindly gave Steven Zale and Zalemark millions of dollars. Now those dollars are essentially worthless.
This is a classic con. Where is the money going now. Huge sums for Professional Fees. To who? And what for? And don't tell me to uplist the stock. Zalemark is insolvent and has no sales in the pipeline. Why spend money to uplist...spend the money to get sales.
And now we see Salaries and Wages show up on the last statement. Where did that come from? Everyone working was working for stock. Who received this huge sum of money? Again, for what reason? Zalemark had zero sales or revenue in the first three months of this year.
And nobody notices that the inventory drops by $133,000. Not understandable when there are no sales. But again the "sheep" don't ask questions. Does anyone ask how Steven Zale maintains his lifestyle without a source of income? All serious questions that should be answered.
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