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Of course I believe that a business can change its strategy and move forward and upward in growth and PPS. Has Lyric done that the past 6 years? They have changed their business strategy somewhat as far as merchandise but have not changed their business philosophy and practice. You, as of right now know nothing about the current financial status of the company. For 6 years that has been their philosophy to keep shareholders in the dark and have a pattern or almost yearly PR blitz's which raise the PPS for a few days and then it sells off to lower lows. It goes back to 2006. If you knew the company was in financial distress would you still be holding? Would the company want to put that info out to the shareholders alerting them?
You may want to do a little more research. It has already been posted on this site previously that they were investigated and no one denied it at that time.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48207504
I appreciate and respect your opinion but there is just to much baggage in the 6 year history here and has formed my opinion. I hope to get out even and wish the best of luck to all of you but this is not "True Religion" and it never will be in my opinion.
Have they not been investigated previously? How do you know there is no scam taking place? How do you know they are not in full default in their business operations and you continue to buy shares? Why are unknown 3rd parties involved and giving away free shares to promoters which was done in the past? Why all the silence from from the company and the total lack of respect for the shareholders concerns? Why have they never had a shareholder meeting or CC so that you could ask questions about their short, mid and long term business strategies?
I currently hold a large position of LYric shares and I bought in during the last PR blitz in May which sent it up 320%. I waited for some pullback on the PPS and then bought in. I have averaged down now to about .012 I believe but after doing more thorough and full DD and learning about the company I am hoping to get out somewhere close to even.
You might be surprised at who or what company the SEC is watching. More and more microcap companies are getting fines and prosecuted especially if enough complaints are generated about the company and its business practice coupled with its historical pattern of Pr blitz's combined with fast rise in PPS and then an even faster sell off.
I am not complaining about people making "honest" money on their investments. I wish the best of luck to everyone here with their investments but my view of the company just does not appear to me that they operate in an open and honest manner within SEC guidelines. This is just my opinion and I am a shareholder. I am quite sure you can see what is occurring on the site. De javu?
I just checked the 5 year chart for the company via my Schwab account and it shows that the stock has lost 97.67% of its value over that time period. Sure doesn't seem like a sound investment.
All I can say is that I hope the SEC is watching this one because it is taking shape to repeat its historical pattern beginning in 2006. Wash, rinse and repeat only works for so long.
It would appear as if the paid promoting campaign is starting based on all these unknowns coming onto the site and posting anything. Some with "paid compensation" disclaimers with their posts(Compensated Awareness Post - View Disclaimer). I wonder if the unknown third party is at it again just like before giving away shares in exchange for promoting hype int he stock? I wonder if we will get another 320% rise in the stock like back in May before everyone sells and it goes back to .003 as it did.
Since we have some many new faces can one of you please answer a question for me about Lyric. Why in the history of the stock has it never been able to sustain a rise in its PPS after one of its PR blitz's? It goes down just as fast as it rises. Why has the company never been able to make a foot hold and then move up to the next level instead of just falling back to lower lows?
There are no current accurate full SEC compliant financials filed. The company CEO promised in 2010 that Lyric would become fully SEC reporting complaint but Lyric failed to deliver on that promise. The company has no contact with its shareholders concerning its financial status. They have gone from selling high end merchandise to selling cheap costume jewelry which indicates to me that their high end stuff was not selling and they needed to find a way to pay the bills. Their CEO has left the company and there is no BOD that I am aware of just the owner of the company, Hanna who many have described on this site as an artist and not very business savvy at all. There is still an OTC stop sign alert posted for this company warning investors to be cautious. Just my opinion as a current shareholder.
It would appear as if the pump and dump is starting based on all these unknowns coming onto the site and posting anything. Some with "paid compensation" disclaimers with their posts(Compensated Awareness Post - View Disclaimer). I wonder if the unknown third party is at it again just like before giving away shares in exchange for promoting hype int he stock? I wonder if we will get another 320% rise in the stock like back in May before everyone dumps and it goes back to .003 as it did.
Since we have some many new faces can one of you please answer a question for me about Lyric. Why in the history of the stock has it never been able to sustain a rise in its PPS after one of its PR blitz's? It goes down just as fast as it rises. Why has the company never been able to make a foot hold and then move up to the next level instead of just falling back to lower lows?
Didn't her CEO promise to release the full financials and that the company would become fully reporting and SEC compliant in 2010 during a PR release? I am sure this was done with the the Presidents (Hanna's) approval. What happened? Why were investors mislead by this statement from Lyric BOD?
There is certainly a historical pattern of that occurring with Lyric stock. It has never been able to sustain its rise in PPS after some PR blitz comes out and always falls back to even lower lows on the dumping of shares by traders. I have asked previously why Lyric has never been able to sustain a rise in the PPS on some positive news but have yet to receive a decent answer explaining this failure with Lyric stock.
Oh I agree with you opinion and the inherit risks involved. One would think that after 6 years though, there would be no stop sign in front of Lyric warning investors about potential risks and fraud with microcap stocks. One would think that after 6 years, they would be a fully reporting SEC compliant company and the stop sign would not be there and investor confidence would be there with Lyric stock.
http://www.sec.gov/investor/pubs/microcapstock.htm
This gives a pretty good overview of the indicators. You would have to form your own opinion which if any apply to Lyric. I know I have formed my opinion as a shareholder currently.
So you are predicting another pump and dump scam from the company with unknown 3rd parties giving free shares to promoters to pump and promote false and misleading info to investors in the hopes that it will run to .17 again?
How come the stock did not hold its value at .17? Everyone says it is undervalued. The fact is that in the history of the company it has never been able to hold and sustain its PPS rise on one of its PR fluffy blitz run ups. These are strong indicators of some illegal activity in place in my personal opinion as a shareholder.
I have little faith in chart analysis for penny stocks. It is just to easy for MM's and others to manipulate the PPS the way they want it to go totally contradicting any speculation from reading charts. I have not seen a penny stock yet that was consistent with predictive analysis based on its chart due to the manipulation that occurs. This is evident by only 15K in trades/sells after the market has been open for over 3 hours. There is no investor confidence in the stock right now. MM's will have to lower the bid/ask to try and artificially create some activity. Will slowly drop back into the 006 then .005 then .004 range again as they try and give life support to the stock and make it have at least some volume. Would not be surprised if people shorted it when it hit .0071 either.
I agree, we also know that Elite has a history of being very tight lipped with info. They do not put out PR unless it is substantial and worthy of PR for the company.
One thing I really really liked in Jerry's comments with the 5M investment was his stating the following:
"With the completion of this transaction, for the first time in a long time, management believes that it can focus its time on growing the company and enhancing shareholder value without having to expend an inordinate amount of time contemplating where the capital required for growth will come from," said Elite's Chief Executive Officer, Jerry Treppel. "We believe this financing arrangement will help resolve that issue."
Shows his commitment to his investors when he references us in the very first part of his news release. Does the same when he has his CC's right after 10K and 10Q's are filed. Puts shareholders first which gives me full confidence that he will use this investment money to jump start the company as long as the FDA gets off it butt and the patent office finalizes 216 here and 154 in Europe's office. I fully anticipate big PR soon most likely multiple drug launches, probably the 4 the FDA did pre-approval for which includes the ANDA. I would like to Iraspidine moving also because that is an expensive Actavis/Mikah drug that only a few companies in the U.S. are qualified and certified to manufacture. I see the second Elite facility coming online with full operation hence the need for that new position at the company that was mentioned, I believe it was Operations Manager or something similar.
MM's play their games daily with this stock but there will come a day when they will not be able to control it like they do now. There is just to much investor confidence building.
Low volume and a dropping PPS which seems to be the norm for Lyric. MM's will let the bid/ask slide back down to try and create some interest in this stock and some trading. It is the only way that this stock is being kept active on the pinks right now. Long term investor interest and confidence is not present due to a variety of factors. PPS is falling even with all the pumping going on this board site and the fact that Lyric indicated they were putting more products out to Walmart and Clairs according to some posts on here.
One would think that if news came out that their retailers wanted more products, we would see a nice rise in the PPS with the additional pumping and fluffy PR that typically goes along with the increase. Strange we are are not seeing at this time. Maybe this ship has run its course and the wash, rinse and repeat cycly may be turned off this time. Just my opinion as a shareholder. Do your own DD and form your own conclusions but I see nothing here indicating this "is going to rock the OTC market" anytime soon.
Actually there are a variety of signs that indicate a company may be scamming its investors. Lack of factual audited info and full SEC reporting compliance is one. Putting out PR fluff to artificially increase the PPS is another and selling at the top of the increase then shorting the stock as the PPS falls. Repeat Posting of false and misleading speculative financial profit statements is another. The BOD having no communication or concern for investors is another indicator. Having "alleged" unknown 3rd parties pump and promote the stock is a good indicator as well. Just having products in stores does not mean the company is acting in full compliance and in a legal manner for its investors. Just my personal opinion as a shareholder.
In reviewing the 6 year history of the company one of the first and foremost things that becomes obvious is that Lyric has never been able to sustain a rise in their PPS thus forming a new base with which to move higher upon follow up news.
Can someone please explain why that is? Why has the company in its history never been able to sustain a rise in its PPS after a PR release blitz such as what we had back in May when it went to .03?
What factors cause this to occur. We know what causes the rise in the PPS when good fluffy news is released but why has the company never been able to hold its position, build a support base there and move up when the next good news comes out?
My answer, in my opinion as a shareholder is that most investors view this company as nothing more then a pump and dump and they have no long term confidence in the company, the President and CEO, the products, the competition they are up against, etc...My opinion is that only traders watch this stock and try and get in low and sell on one of the pump fluffs and may even short it as well to make even more money because they know the historical pattern is that that the company has never been able to form a support base and move up the next step. I am not defining .005 or .006 as support bases right now, that is life support CPR being given to the company right now.
I am curious to hear from the long term knowledgeable Lyric investors as to what their thoughts and reasons are why Lyric can not hold onto its gains after a PR fluffy release?
Yes there is certainly factual information to support a historical pattern of pump and dumps with the most recent being in May 2011 when it went to .03 after the PR blitz came out and then dropped like a rock to where we are today.
Evidence of the pump and dumps is rather easy to establish because after the PR blitz and subsequent PPS rise, Lyric has never once been able to sustain its PPS level. Sure a little pull back is expected for consolidation but if the company was on firm ground with sound business practices it would be able to support and sustain its PPS rise on the news releases and it never does.
Why is that? Why can't Lyric hold its PPS value after one of the fluffy PR releases and the lures go in the water bringing in new and unsuspecting investors? It can not hold its value and never has been able to do so in the history of the company in my opinion and looking at the 5 year charts.
Who is to blame for that? There are 6 or 7 employees total working for the company from what little info they have put out. Hanna and basically 5 interns operating out of an old rented house off the strip as their corporate HQ. Hanna is to blame for the current PPS and the losses to investors. She is the President of the company so the blame is on her and her absolute refusal to have any direct communication with her investors such as a CC or putting out actual audited accurate SEC financial reports so investors can decide if the company is worth the risk.
There has never been one annual shareholder meeting held or one CC done with shareholders that I can find in the history of the company by Hanna. Why is that? Why not answer shareholder questions and give them confidence in their investment? Why not describe your short, mid and long term business strategy so investors again can build confidence in the company which translates to buying of shares and PPS rising and sustaining certain levels as it does.
This is just my person opinion as a shareholder but all of you seem to praise her for what she has done for Lyric maybe you need to look at what she has failed to do for Lyric and the investors and then understand why the PPS sits where it does.
They took the price down to try and stimulate some buy/sells thats how MM's make their money and even at .004 the volume was so low it was as if the stock didn't exist. You speculation makes no sense at all.
There is zero investor confidence in this stock right now. Even the day day traders are avoiding it when they could have bought in at .004 and sold at .006 for a nice little profit. No one wants anything to do with this stock until they post actual accurate factual financial information for investors to digest and determine if the risk is worth the benefit.
The 2011 speculation financial report being posted several times every week is nothing more then false and misleading info designed to lure unknowing investors in. It has no factual basis supported by the companies own reports.
Until Lyric makes good on their 2010 promise to become a fully reporting SEC compliant company, this stock will sit sub penny in my opinion as a shareholder.
Unaudited and Internally Prepared by Management = NON VERIFIED 2011 FINANCIAL REPORTS
I copied this directly from your alleged financial report and what struck me the most was the key points listed above. They do not put out verified factual info period. The company just does not do it at all and your speculation about monster profits and sales in 2011 has no basis either. If this had occurred, the company would be putting out PR about it or actual SEC reports.
Gipper, for your post I think they went to the cheap costume jewelry out of desperation. Look at the market age they are trying to attract with that product. Young people but they are putting lyrics from songs and bands that young people have never even heard of. This is good marketing? cmon, that is why we are at .006.
Funny, you would think that if the company had substantial sales and profits for the quarter that they would want to let the world know about via an accurate SEC financial report yet once again they chose not to report anything not even a PR release indicating sales were going well during the holiday season.
When a company is in such distress as Lyric appears to be with .005 PPS and down significantly with zero investor confidence, one would assume that if they had even a small bit of positive news, they would put it out. I do not think that cheap jewelry generates much profit at all for the company other then maybe paying the lease on the corporate HQ (party house).
It was quite obvious that their higher end products were not selling and they had to try and different approach to keep any even the smallest amount of revenue coming in.
What leadership? Hanna the artist? which everyone on the board here agrees is not the most business savvy person person on the planet? Who is on the BOD? What is their short, Mid and long term business strategy? We know one of their short term business strategies was to become a fully compliant SEC reporting company as stated on this website and we can all see what developed after that promise to the shareholders.
You posted nothing but positives and profits. Over 800% growth the last 2 years alone and your research indicates substantial profits for 2011. Do you have any facts to support this other then your speculation and visits to the mall?
If this company survived the recession then they should be booming right now because all of their competition was getting BK'd out. They should have a "True Religion" type following and just like the stock market be up over 100% from where it was several years ago at the height of the recession. None of that is occurring. It has been a downward slide since day one. Facts don't lie, people do. 98% down since inception. Just my opinion as a shareholder. Do your own DD to confirm the facts and don't be mislead by speculation and numbers posted with no supporting FACTUAL info behind them.
Your theory makes no sense. If the economy killed off a bunch of the clothing companies during the recession but Lyric was able to weather the storm then they should have done so via a loyal following of customers and/or shareholders and had enormous growth as the recession ended and the economy started to pick up again. I see none of this occurring with this company. .0040 yearly low is evidence of that.
what we have here is probably somewhere between 750M and a billion shares OS with a 300M or more float. Zero investor confidence. no buyers or long term investors interested. MM's playing games so their friends make a little money day trading it or shorting it down when it clicks up or down a few tenths.
I see no leadership, management or direction for the company just squeezing ever penny they can out of investors via posts of false and misleading speculative profits for 2011 and false and misleading speculative growth over the past 2 years. How can you even justify your posts when the fact speak for themselves. 98% loss since inception while the stock market in general has had 100% increase since the recession hit us.
I wonder if people were predicting big moves up 6 years ago also and yet it has lost 98% of its original value over that period and the company has nothing to say to its investors even at the end of the year when the PPS is .0047. Sad situation from a sad company and management.
The market consists of zero investor confidence in this company that is why you see a .004 PPS. The MM's are forced to keep lowering the bid/ask just to keep some activity happening and some trading going otherwise you would see nothing but 000 across the board with no bid.
How this supports your speculative guessing false and misleading analysis of all the 830% growth over the past 2 years coupled with huge sales and profits is what I am trying to understand.
Perhaps you could explain to all of the investors why with so much positive reporting you have posted and continue to post (repeat) on a daily basis why we are at .004? Why did the company not come out with any positive PR to support your conclusions?
How do you know this information that they are still creating and selling products and not just clearing out remaining inventory? How do you know that they are not in default? How do you know that they made any profit at all in 2011? How do you know what their short, mid and long term strategy is for the 2012? How do WE as investors and part owners in this company know anything about the important things investors should know about when making their investment?
The company promised in 2010 to become a fully reporting SEC compliant company, not sure if that was before or after the big pump and dump scam they pulled off would have to go back and look at the dates but they failed to deliver on that promise and others as well.
People keep saying we have hit bottom on the PPS, no we have not .000 with no bid is bottom so we still have a little ways to go and nothing on the horizon that I can see from the company that is going to cause the PPS to go back up any time soon, so the MM's will have to lower the PPS again to try and make a market and get people to buy and sell. We hit .004 again this morning, pretty soon the .003's will start to show up once we pass that support level.
THERE ARE NO CURRENT 10Q FINANCIAL REPORTS FILED WITH THE SEC. NEW AND POTENTIAL INVESTORS OF LYRIC STOCK DO YOUR DD CAREFULLY AND DO NOT BE FOOLED BY FALSE AND MISLEADING INFO ABOUT THE STOCK. THERE ARE NO CURRENT FINANCIAL 10Q REPORTS FOR 2011 FILED FOR LYRIC WITH THE SEC. THE PUBLICLY STATED OVER A YEAR AGO THAT THEY WERE GOING TO BECOME A FULLY REPORTING COMPANY BUT HAVE FAILED TO DO SO. THE POST YOU SEE ON THE BOARD ABOUT "2011 FINANCIALS REVEALED AHEAD OF SCHEDULE" ARE JUST SPECULATION AND GUESSING. DO NOT BE FOOLED BY FALSE AND MISLEADING INFO POSTED ON THE SITE.
May I ask where you found this current info on OS for LYric? The last OS I have seen posted was from 5/11 so please identify your source that shows this current figure.
Mods will you please put up a nice picture of the corporate HQ for Lyric which is a rented old house off the sunset strip so any potential investor looking at the website pics is not fooled by all the fluff and pretty pictures.
Please show the potential investors what they are dealing with and post a nice picture of that dump of a house they rent and identify as Lyric corporate HQ. It is only fair that investors see all the Lyric images and MAC posted that he has pics of the house so it should be on the website displayed proudly showing with 6 years and 98% loss in total stock value will get you for a corporate HQ.
Now that is what good SEC and FBI fraud investigators are experts in. Follow the money trail, look at the patterns, the PR that preceded the rise, the source of the PR, how were they paid unknown 3rd parties again? E-mail intercepts, wire taps, phone records, text records, email records, link analysis with Hanna at the top and working your way down to connect the players, inside info from sources trying to keep their arses out of prison or heavy fines,etc,,,etc,,etc,,, Lots of investigation involved if one truly believes that some sort of fraud has or is being committed which of course we all know never happens in the stock market especially at the pink levels. Thats what makes Halperins departure very curious to me as well.
Strictly my own opinion and I am not saying there is evidence that I am personally aware of that any crime is occurring just describing a hypothetical scenario.
http://www.jsonline.com/business/feds-file-fraud-charges-in-microcap-stock-case-s139avr-134844058.html
SEC and FBI work penny stock fraud cases all the time. Maybe we just don't see them in the news that often.
So these guys have been around advising the company for almost 2 years and we are at .0042? What was the PPS before they starting advising the company and how much are they being paid? Money or free shares?
Correct, you can expect some day trading and profit taking to occur which is why I waited until the pull back and gap fill point. I bought in at .012 and then it hovered around .02 for a month maybe and then the ship sank.
I did notice the stop sign after I bought in and read noting but positive fluffy posts on IHUB and looked at all the pretty pictures. I waited for the pull back and gap fill and bought in and then started more thorough DD as the stock continued to decline even after such great news as Walmart deal.
Cmon, it was PR blitzed and it had 45M in volume and a 320% rise and then it fell just as fast with all the dumping and profit taking. Classic P n D and there are plenty of stock analysts websites that describe it as such as well. IN fact if you back to 2006, the company has never once been able to sustain a sudden rise (pump) in the PPS in its history and it has always fallen back to new lows (dump).
I am going to hold my bag until the investigation is complete so I can seek restitution for my losses.
I agree that is entirely possible from the current appearance of the PPS and zero investor confidence in the stock.