A-year-ago-ZMRK-hit a-high-of-$0.09. It-has-lost-90%-of-it's-value-in-a-year.
The buy is at $0.006 but the "ask slapper" keeps making trades of $1.00 to $10.00 to goose the price up to $0.009. So really the value is closer to a 95% loss.
The reason for the price drop is quite clear. NO SALES and HUGE LOSSES.
Plus a horrific branding concept that costs Zalemark quarterly royalty fees even though they haven't sold any licensed product.
And another reason is that Zalemark puts out press releases and news announcements stating future business endeavors and/or acquiring much needed funding or how they are going to be audited etc. etc. But it never happens...it's all B.S. Zalemark, the convicted felon Steven Zale and now Raymond Ruiz are total failures in business but yet they both seem to be living well. They have bled the company which was supported by investors money.
Over $8,000,000.00 of investors funds has been pissed away in the last few years. Where did these funds disappear to? The first quarter financial statement for this year showed no sales or revenue...even though they had licensed Crayola and M&M jewelry. Only huge expenses showing a loss of over $163,000 for the three months. Plus over $100,000 is missing in inventory.
Zalemark is run by scam con guys. And the leader is the con man himself Steven Zale. Remember this is the guy that plead guilty to embezzling hundreds of thousands of dollars from his wife's employer. And he was imprisoned for three years for selling huge amounts of cocaine.
Zalemark is insolvent. They owe more than four times their ability to pay what they owe. Read the financial statements.
So to the sheep that still follow Steven Zale...you will follow Zalemark as it files for bankruptcy. Or Steven Zale will just close Zalemark down as he has done with other companies he was involved in...leaving huge unpaid financial obligations.
I do hope that my posts show the few remaining sheep that their "wishful thinking" has run out. I really don't care if you buy, sell or just hold Zalemark. Just be more informed to "reality" and stop relying on "hopes and dreams" (and on B.S. Press Releases).
