Not impressed! Since that PR, dated July 20, 2015 was released, has there been any sales? It's been well over FOUR MONTHS since the Crayola Las Vegas launch. What orders have been received? Are they going to achieve the Tier 1 sales projections of $53,000,000 for this year to their listed retailers: Bloomingdales, Nordstrom, Neimans, Saks and Macys? Does anyone really believe Zalemark when they say they will earn over $24,000,000 in after tax profit? Where is the credibility to this company or Steven Zale himself? Where is there any transparency?
Where are the audited financial statement (and don't show me statements by some sleezy accountant that takes direction from Steven Zale), financials need to be prepared by a Big Four reliable accounting firm that won't take Zalemark stock as payment for services rendered. What really constitutes "transparency"? They did not inform the stockholders of the A/S doubling, they did not explain why they surrendered their ability to do business in California, is this transpsrency? And what about the lawsuit that could put them out of business unless they fulfill the terms of the settlement by very early in December? Is that TRANSPARENCY?
And can we hear from Steven Zale himself regarding all the posting here regarding his CRIMINAL status in regards to being a CONVICTED FELON, a COCAINE DEALER and an EMBEZZLER?
Good accountants would tell you to put all the bad news out and let the company take the hit. Then start fresh. That is really good advice when you have a foundation to build on. There is no foundation here and there is too much past baggage weighing them down. In my opinion; a collapse is clearly evident.
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