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Tuesday, July 19, 2016 1:44:39 PM
Would the million dollar whale investors (and there were many) have given Steven Zale their millions had they known he was a convicted felon and an admitted embezzler? I don't think so. They were conned by Steven Zale, Raymond Ruiz and the recently "retired" Ernest Martel.
But my main concern is; who really received the $8,000,000 that has been "expensed" out...mostly to Professional Fees? Who were the people or entities that received these funds? Did this money come back "somehow" to Steven Zale, Raymond Ruiz and Ernest Martel.
And to those smaller investors that thought this stock would be rocketing into orbit; you relied on someone telling you this was a great investment. You didn't read the financial statements or press releases. Or if you did, you read them with blinders. Right from the start (mid August of last year) I saw this company had no merit. Just a bunch of unsophisticated investors following others that said they did proper DD.
If something doesn't seem right, then ask questions. Don't rely on any chart guys or cheerleaders telling you this company can fly. It can't. Zalemark is out of money and has no sales. None at all. Read those financial statements. And take those blinders off.
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