Probably depends on whether your bag is empty of full of money and how long you want to wait for either of these 2 options to happen? Say for instance you bought Lyric stock 6 years ago and filled your bag with shares. Today your bag would be 98% lighter because that is how much the company stock value has decreased over that time period so essentially you would have an empty bag. I hope this example helps you with your investment strategy.

I think a lot of people have lost a good portion of their butt as you put it on this stock. Bag holders a plenty.

No you must be giving out false info. Everyone here says this is a steal at this PPS so there should be huge block buys going in anticipation of the great news that is going to come out for the company. I can't believe people are dumping when there is so much promise from this non reporting no contact with investors company. Do you think it has anything at all to possibly due with a lack of investor confidence due to 6 years of failure?

Thank you for a very descriptive picture of some pink sheet companies and their tactics especially the dilution part to insure their income and the lack of concern for their investors coupled with the promo P n D's. Boy does that sound familiar.

Good luck to you as well.

I was there and in it last April when it ran but my records shows .258. Oh well the higher the better anyways.

Never hit .28 last year .258 was the high and then it backed down to gap fill. Don't think we will see 10's again this time only 11's on the low. No one is selling because there is nothing but positive news on the horizon that could come out at any moment. When Elite runs it runs fast and chasing it when there are not that many shares out there will be tough to do to get back in.

I anticipate news also before the earnings report which will probably only be so so in my opinion because of the FDA delays but the CC will be very interesting and should be extremely positive for the 2012 outlook.

What rumor? What is alleged to be coming out from the company? They have been silent for 6 years basically as far as investors concerns and basic respect for their investors.

So essentially what you are saying is that you want only positive fluffy Lyric posts and posters on the board site. You do not want investors or potential investors to know anything negative about the company here even if it is factual and verifiable info that would help them determine whether or not they want to invest or not.

That is exactly what happened to me back in May/June. Seeing nothing but positive posts and huge gains and profits predicted on here from all the posters with nothing negative being posted was part of my DD research and certainly proved to be very misleading to say the least. Would have been nice to see both sides of the argument for the company posted equally and fairly so that a person could decide which argument carried more weight and make a better informed decision on investing.

Agreed, the secrecy is a telltale sign of problems in my opinion and the longer they can keep it secret from investors the longer the game can be played until there is none left to work with. They have to be operating in extreme negative capital situation by now in my personal opinion or they would have put something out, anything that was positive and they have put forth nada so that tells the story and so does the .0043 opening today.

Wouldn't surprise me. You never know what this company and/or unknown 3rd parties are doing behind the scenes.

That stop sign was there for good reason because those that invested in the company 6 years ago have lost 98% of their investment. Lyric promised to become fully reporting several years ago and never completed that promise either. I doubt they will put out anything significant. They will put out the bare minimum of financials required to keep them exactly where they are if they even need to do that annually.

Nice open huh .0043? How soon before we see the 3's?

I personally think Elite was trying to monopolize the market initially and they certainly could have with technology that could be applied to virtually any opioid medication. Patent office and probably the FDA did not want then to have that much control over the market so they have been scaling back their argument in portions to try and get it through. Kind of like microsoft was forced to divide into sections to allow competitors some opportunity to get in the game otherwise Apple probably would not be around.

This is the only logical conclusion I can think of also. They do not want to show their financials because they are so bad that it would kill off the last of the investors in the stock. That is just my opinion of course but without showing and putting out some pretty pics they can at least keep a few investors hoping.

I did last week and specifically asked her about the final rejection. She told me that just means the ball is back in Elites court for a response which I take as they have to amend and improve their argument for the examiner to reconsider. She also told me there were 2 patents submitted for 216 which I did not know and I did not ask what the differences were in each.

And that is why that BIG RED STOP SIGN is posted on the OTC to alert investors to this possible scam.

My Schwab account will do the same thing occasionally. I guess it is programmed that way if I set a limit order for a buy it will get the shares at that price of better (if possible) did it for me the other day also with another stock but it was on a sell. I had set a sell limit price of .106 but the market opened much higher and Schwab sold the shares for .12 instead for me.

Precision Dose is the partner for Hydro. They place an order for X number of the product. Elite then places an order with the FDA to get the active opioid ingredient (controlled substance) to make the Hydro for Precision Dose. In my conversation with IR I was told that Precision Dose moves quickly with their orders so one would assume that they have notified Elite of how much product they need initially and Elite has placed an order with the FDA for the ingredient needed to produce then batch up, package and deliver. Same thing with Methadone but that is via TPN for orders. Naltrexone is also Precision Dose.

IR said they expected Precision Dose to expedite their order for Hydro after the FDA gave approval so that may launch first and then the Naltrexone FDA approval will come through followed by the ANDA in my opinion. My gut tells me tomorrow also. I think that is why the PPS is holding tight today.

I agree mine is usually the same way on other stocks when I buy at the ask fills in seconds. MM's are keeping this thing tight right now and shares are hard to get for sure. I am hoping for PR again on Thursday maybe for hydro launch or Natrexone approval. Jerry will want as many positive things to talk about in the CC as possible which is why I think we get more news before then.

What do you think the OS is now close to a billion shares?

No one is selling huh? low float and people holding tight.....good signs

I think if the full audited financials do get released in a timely manner, which I doubt, they may not be all that great and would probably show the company still operating in a negative capital situation. Just my opinion but if sales through the holidays and the various retailers were strong then the company certainly would have put out some PR indicating such but nothing from them since last July.

Agree, they will have multiple revenue products coming online the next few months and will be very financially stable which I believe will allow renewed emphasis and focus on the patents. It was tough for Elite when Lodrane was pulled as that was basically 100% of their revenue source but they got past it and have continued to grow the company with additional partnerships and products to manufacture and we still may get Lodrane back according to ECR news release. I expect Naltrexone and the Anda before the fiscal year ends March 31 in my opinion. Earnings report will be so so in my opinion because of the FDA set backs and delays in getting the products approved and launched but that seems to have been resolved now.

Why are they doing scale up batch testing of 216 and clinical trials with actual patients? Why spend the time,money and effort if they were just going to throw in the towel? Why did they get a letter of intent from a European partner to fund 50% of phase 3 there if they were just going to give up? Elite has dealt with set backs before and they will deal with this one as well. They will have a number of revenue sources coming online during 2012. If the patent process for this type of technology was easy then it would have been patented many years ago. It is tough to prove beyond a reasonable doubt to the examiner right now but they will adjust and modify the argument and initiate again. They have time to respond back still.

I do not know how hard they were pursuing them overall for the 9 years. The company was almost BK a few years back. I think the majority of the first part of the 9 years they probably were working hard on the patents but then the level fell off and now they are working hard on them again the past few years.

If they show significant profit and future growth potential, yes it should move the PPS. If it is only small profit margin or even negative looking potential, this thing will tank.

If it was such a big positive deal for the company why did the PPS only go to .03 and then drop like a rock soon after?

Don't see much True Religion items at Walmart. Everyone likes to compare Lyric to being the next True Religion. Yes it would take a miracle for that to happen.

No I firmly believe they have products in various retail outlets. They have gone from selling expensive clothing in high end boutiques which apparently was not working out well to selling t shirts and cheap jewelry in Walmart. That is what some describe as growth here but I see it more as desperation.

Bottom line is if they had strong sales figures and profits they certainly would have out something out long ago and not let their investors take the hit they are taking now. One can only assume that the 1500 facebook followers are just not buying the products and the numbers just aren't that good hence the continued secrecy and lack of transparency.

of course selling has dried up everyone that can dump has and those left are sitting so far negative with empty bags that all they can do is sit and wait and pray for a miracle.

I am sure you noticed that buying has dried up also right? What does that tell you? If it is such a bargain PPS right now why aren't some of the 234 IUHB followers or 680 shareholders scooping up the cheapies right now in huge amounts?

Stay long and strong guys. We know there is a lot of stuff int he pipeline still that has yet to come to fruition but Elite is keeping their short, mid and long term strategy working even with the obstacles they have faced. Natrexone will be out next and then the ANDA in my opinion. Then I see the second facility coming online to assist in manufacturing for Mikah and Epic maybe before the end of the fiscal year but that would be a long shot. I know Jerry wants to reach milestones during this fiscal period. ECR working diligently on getting Lodrane 24 back with anticipated timeline of mid to late 2012 and we already know that Elite will respond back to the patents. To much time and effort have been put forth into those and they know the tech works they just have to make the right adjustments to their arguments to satisfy the examiner. Scale up batch testing is evidence of their continued commitment to those products and tech. 2012 will be a smoking hot year for Elite in my opinion.

Nor can you prove they weren't....Although I am sure the SEC can say if they were or were not...end of story

Well, then who on the BOD is handling the financial and business decisions of operations for the company? Who is handling IR who is watching the PPS fall and concerned about shareholder value on the BOD? There are 5 o6 employees listed for the company including the owner. Is one of the 20 year old interns now CEO in place of Halperin? Is Abby the phone girl who takes your name and number but then never has anyone call you back the CEO now?

Pretty easy to see today that MM's have even lost interest in the stock and are not even working it. 115K shares is ridiculous.

What and when exactly is going to cause this huge PPS correction of monumental proportions that you speak of? Are they going to double or triple the teams of pumpers from a few weeks ago and give it another try?

Lots of other OTC companies have announced their dates for financial earnings reports but I don't see any announcement from Lyric. Safe to assume another fiscal year will pass without any full financial disclosure from the company?

If they had even the smallest bit of good news, I am sure they would have out something out in order to try and prevent their shareholders from becoming luggage holders right? They wouldn't just abandon their shareholders and let the PPS fall to where it is now would they?

Now that is funny. An image and article from May 2007 when Lyric was .32 a share. Look at how much growth has taken place since then and where we are today at .005 and only 115K shares traded.Nothing but a downhill slide right from the beginning in my opinion.

Looks like the MM's have even lost interest in Lyric only 115K shares traded and .005 with a low of .045. Normally would expect to see some MM manipulation to create some activity but appears they may know something we don't in my opinion and have left the building so to speak.

It has been 6 years and we all know that it is down significantly during those 6 years. So how many more years before the rise?

I have tried various ways to get the chart onto IHUB but Schwab has security blocks or something so it won't let me post it. It is not a big deal when the stock is sitting at .005 with little activity or interest. Thanks for the advise though. Everyone has their own view of it but bottom line is the stock sits in the toilet right now and I don't see anything on the horizon yet to change that status from the company.

I will stick with my Schwab chart analysis which again shows LYJN stock down 9.09% year to date. Factual info that I can see is much better then playing around on here back and forth.

If there are any other site members who use Schwab and can check LYJN chart YTD and can confirm what I have stated it would be appreciated. The Schwab site prevents me from copy/paste onto here.

Sorry, you are wrong. My Schwab chart shows it down 9% since Jan 1. The .0045 opening today is a telltale sign of lower things to come also unless the company acts on behalf of its shareholders.