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Isn't any news the company puts out via market wire, twitter, facebook, website considered promo such as in May for Walmart in July for electro collection. Now if you think the owner of the company was not aware of this most recent pump and dump then you are truly naive. In my opinion she was well aware and may have contributed to the payment of promoters to pump the stock.
That certainly seems to be the historical pattern in my opinion.
Sorry, but never in the history of the company has it been able to sustain its PPS rise after a run did not matter if it was company PR that came out or 3rd party promotions. It rises up quick and falls even faster which is evidenced by its overall 5 year picture of being down 98% in total stock value. It has never once sustained its PPS after a run and formed a new base with which to move forward. Strictly a hit and miss trading pink at best.
Excellent post which I agree with. as one of the other members would state would state DAMN STRAIGHT THE COMPANY KNOWS AND APPROVES OF IT in my personal opinion.
Sorry, but if they had a sound business strategy which incorporated transparency and investor relations and timely reporting of financials then they would not be 98% in overall stock value the last 5 years. .005 should tell you that their current business strategy is not working and that they need to change direction and make changes as mentioned above to encourage investor confidence rather then a 12 million share sell off as we see today.
May very well be true and Hanna should put out PR stating as such and let the business (itself) do the promoting by emphasizing their strong points such as new lines of products going to the retailers. When Lyric sits back and allows this manipulation to occur then it makes it appear to the potential (and current) investors that they approve of these tactics.
They need to change the way they conduct business period. They need to become transparent with their investors, emphasize their strong points, give reasonable explanations for their weak points and how they are addressing them. Basically, put forth a short, mid and long term business model strategy so investors can see where the company is headed and can gauge its progress. Of course all of this relates back to SEC reporting also. This is just my opinion. Form your own conclusions based on your own DD>
Cmon, that is common knowledge and if the company changed its business approach on how it treats its shareholders and put out the financial info they should put out in a timely manner then perhaps they would create investor confidence and there would be no need to resort to what has been going on the last 2 days. I am not saying they do not have products out there and in good retail outlets but unless they become more transparent and investor friendly, the PPS is going to suffer in my opinion.
I believe that if things were going strong for the company and they had become profitable and were growing steadily, that we would have already had current and accurate financial reporting but we have nothing to base an investment opinion on right now other then speculation. The history of P n D's with the company speaks volumes though about how they choose to do business and if they are ever going to succeed then that will have to change along with the other aforementioned areas in my personal opinion. Form your own conclusions based on your own DD>
There are over 1000 posts (my guess) the last 2 days of false promises and misleading info. I do not see anywhere where Lyric has put out a PR stating that they had nothing to do with this info being put out and luring naive investors into the web. So if they have not denied being involved, I am going to assume the company has knowledge, gave permission and participated in some way, shape or form. Just my personal opinion of course. Form your own conclusions.
How do you know that for sure? You don't there is no way that you could know whether the company is aware and participated or not because the company does not share any information with its shareholders. Nothing comes out from them to build any type of investor confidence in my opinion. They may very well have paid the alleged unknown 3rd party to start this P n D and we have no way of knowing if they did or not. I know what my opinion is though regarding this area.
I just have a big problem seeing naive new investors lured into a trap and becoming bag holders for Lyric. Guess my moral standards are just higher then others and integrity is one quality that you either have or you don't. Obviously with all the misinformation being posted about Lyric it is easy to see how someone could be fooled by the false promises of huge gains and profits (think morals and integrity about the company). I was one of those that was fooled back in May and maybe I can help some other investors not fall into the same trap.
So Lucky are you referring to these guys who are the same group that is posting false and misleading info and promising huge gains and profits on the Lyric site. They are even using the same posts just changing the stock name. What a scam.
http://investorshub.advfn.com/boards/board.aspx?board_id=19353
.003??? Will we see it hit new lows again like the last P n D in May?
WOW THE SELL OFF IS HUGE. THERE HAS TO BE EXTREME DILUTION OCCURRING NOW IN MY OPINION.
Same here, I was worried that I would not be able to sell mine early in the morning either but got lucky and they sold. Everyone should file SEC complaints against the company in my opinion and all those posters that promised huge gains and profits from Lyric who were no doubt compensated with money to provide false and misleading info in my personal opinion.
Yes, all those new friends that joined the Lyric board site and made promise after promise of huge gains and profits and lured unsuspecting victims into the trap. Absolutely criminal fraud in my personal opinion. Same as they have done in 2006, 2007, 2010, 2011 and now in 2012 with a whole new bunch of bag holders left wondering what happened to all those promises from the nice friendly Lyric posters who were most likely paid by the alleged unknown 3rd party for their false and misleading info to investors. But I am sure Hanna does not know anything about it. She should just blame Bush like Obama does for the problem.
http://regsho.finra.org/FORFshvol20120117.txt
Almost 8 million shorts yesterday also. They make money on the pump and then short the stock just as the dump starts. Wash, rinse and repeat and what you are left with is a whole new crew of empty Lyric bag holders who now realize what the company is all about.
Legitimate businesses pinks all they way to top level companies do not put out fluff PR and create pump and dumps. Why? because it typically involves false and misleading info and promises of great profits to investors which is illegal and fraud. I am quite sure everyone saw what happened overnight and today most likely paid for by a "so called" unknown 3rd party (in my opinion). Yes, you are right, they have products in decent retail outlets but they need to change their business model and the way they conduct business and treat their shareholders if they are ever going to have a chance at encouraging investors to come in with confidence.
I suspect since they are going to be ramping up operations with multiple drug launches pending, they needed a manager of operations to oversee the huge increase in production. I also suspect that when the second facility goes fully operational that additional employees will be needed there as well. I am sure they are very adept at keeping overhead employee expenses in check as they begin their move upward with company growth.
Same here and am comfortable with that PPS as a starting point. I have been in this stock when it rose 10 cents in a few minutes so when it runs it runs hard.
Thats the same copy and past they put in all the emails I sent them as well. Word for word.
I hope it works out (some how) for you guys also in a legitimate way with the company changing the way it does business and the way it treats its shareholders.
I have been in since last April. I hold a substantial position and have averaged down to about .10 so I am happy with that as my launching point.
I have been holding since June so I would not say I am a dumper. I sold my position at a time that was beneficial to get out because I have no faith in the integrity of the company in my opinion.
NO doubt about that. You just have to love the business model of this company. Their short, mid and long term strategies. Did not let Lodrane phase them one bit. Dug in their heals and worked through it and have all the pieces in place for substantial growth.
I think we all have experienced how fast it can fly when it makes a run. I'd like to see .12 or .13 tomorrow as well but with a strong support base forming from which to move up on. Gap fill and then upward and if by chance one or more of those other FDA approved drugs launches this month, well stand by, the bullet train will be leaving the station.
Hey, who sings that song "SO YOU HAD A BAD DAY" that they play with that football commercial. What a perfect new Lyric shirt that would make don't you think?
I fully expect 3 more drug launches in rapid succession in the near future. Hydro, Naltrexone and the ANDA which all have been pre-approved by the FDA during a simultaneous inspection at their facility according to IR. If we see .03 to .04 PPS rises for each pill launched and their indicated pipeline including all the new stuff from Mikah/Actavis and Epic along with ECR hopefully getting Lodrane 24 back, we will be well into dollar land during 2012 in my opinion. The patents 154/216 are the real deal makers and competition killers though and once those hit, hello Nasdaq for sure with trading easily in the $5 range in my personal opinion as a shareholder.
So now we have approx. 5,800,000 in new revenue for the company with Socius investment. Not bad for the week.
Massive sell off dump going on and boy am I glad I got out early this morning and even ended up making a few bucks. Good luck to all the old long bag holders, the current bag holders and the new bag holders that got lured in by this pump and dump scam.
There were probably over 100 chart postings by our new Lyric site friends for Lyric on this site during the last 24 hours are you saying pay know attention to them. They are not accurate or predictive?
http://www.hotstocked.com/article/27802/lyric-jeans-inc-pink-lyjn-promoted-to-break.html
Pretty much tells the story here. Lure some unsuspecting investors into the web and watch the manipulation in action.
One can certainly assume that Lyric has refused to post current and accurate financials because the numbers would be so terrible, they would lose what few long term investors they have left. So, keep it a secret, pay for a huge promo and try and lure a few other unknowing investors into the web in my opinion.
Are you saying that the 5 year chart for Lyric is incorrect and that they stock has not lost 98% of its value over the past 5 years? Sorry but as of right now with .007PPS that is a fact not fiction and it speaks volumes about the direction the company is headed in my opinion.
Did it ever occur to you that maybe the financials are a disaster and that she doesn't want to reveal how how bad the company is doing but needs money to stay afloat a little while longer so we have a whole bunch of new friends posting about Lyric on the site. The company is down 98% since inception. That speaks volumes to me about what the financials probably are right now.
If there was good news and good solid financials then Lyric would be a fully reporting SEC compliant company and they are not nor have they ever been even after promises were made by the BOD 2 years ago.
Simple as that and I hope you get what you are hoping for as well.
LOL,,,good luck to you and you are right it is a $1200 fiasco but maybe that is all that the company could afford due to current financial situation. Desperate times call for desperate measures apparently in my opinion.
I will sell you a million shares for that price right now if you want them 99%?
At the first opportunity available to me where I am even or close to being even, yes I am out and gone, long gone.....
Exactly and all investors or potential investors should be aware of this important fact about Lyric. They are not a fully reporting SEC compliant company and have no contact with their shareholders about their financials in any way shape or form.
Wow, never seen so much positive news and promises of serious profits gains before. So all of you are Lyric stock holders and are promising huge gains for any potential investor in the stock on Tuesday? All of you have already made lots of money with your Lyric stock shares also correct? That is why you promoting and guaranteeing this huge rise in the PPS on Tuesday? None of you have been paid with money or free shares or merchandise to promote the stock with misleading info to investors have you? Boy would that be illegal and fraudulent. Just to be safe, I have documented all the new comers on here and IP addresses are detailed also. Just want to be sure as a Lyric stock holder that nothing illegal is happening and by the way, the stock is down 98% in total value over the past 5 years in case you missed that little important fact.
www.pumpsanddumps.com/p/its-pump-dump.html#uds-search-results
EXCELLENT READING FOR POTENTIAL AND CURRENT SHAREHOLDERS OF LYRIC. SEEMS LIKE QUITE A FEW OF THE AREAS MENTIONED ARE APPLICABLE TO LYRIC AT THIS TIME IN MY PERSONAL OPINION.