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Trust me on this one, I am fully capable of following up and using available friends and resources for this effort just to ensure that things are being done legally and shareholders rights are not violated or that they become victims of a fraudulent operation. I am not saying that is presently occurring but I am going to make use of my resources to have fine details looked at that shareholders have not seen in 6 years ever.
I will keep repeating it as often as I choose to so that new possible investors are not fooled by all the pretty pics and fluff posts that were the norm here when I was just lurking and reading rather then posting.
Thats all you saw on here was how great Lyric and how much product and how much dales and how many different stores. All the talk made Guess jeans and Levi seem like burger king compared to Flemmings steaks house.
Thats because they were not allowing the other side of the coin to be scene. Anything negative about Lyric was quickly ************ so new possible investors did not know what they were getting into if they relied on this site as part of their DD.
Not going to let that happen again if I can help it.
There are differences but if their is fraud being committed and most likely conspiracy to commit fraud that is criminal and could also be followed up with civil penalties from the SEC.
Analyze the pros and cons in an unbiased and very realistic approach and see how you feel. 95% loss in value. No SEC financial reports, no contact with shareholders, a rented old house for HQ with 6 employees. Apparently the #2 guy has bailed if I read the other posts correctly. Did he dump his 103 million shares too? Wonder what the float is now. 6 years and counting. DOW has increased over 100% in the past 6 years and Lyric is down 95%.
Feel real sorry for those guys that put large chunks of 401K and/or other saving into this junk company.
6 years and the stock value is down 95%. Feel very sorry for those true longs that got in early and fell for all the fluff and pump PR that continues to this day for certain individuals.
This stock is a pure scam in my opinion. They may have out out a few items here and there and when their high end stuff and internet sales were bombing they switched to low end product made in China and Guatamala. Alexa statistics are dismal which is a strong indicator that no one is paying any attention at all to Lyric evidenced further by the low volume and continued low PPS.
I'd really like to know some of the buy ins from the investors here what .02 .03 .06 higher even? and you still have confidence after 6 years of nothing but 95% loss in value from this company.
Rustler, I know you see the real picture here of what is going on and you can still say that with products in stores and a little fluff here and there that you are still positive but as you keep pointing out all the consistent failures by Lyric, you are sensible enough to know what is really going on here and all of us suckers got lured in and are down money while a few profited greatly because of their inside information and manipulation of the stock at certain times during its 6 year history. This is just my personal opinion that I have formed based on my own DD.
More like, what happened to all the money that was invested and/or any sales profits that were made?
So you had some nice conversations with unpaid young interns about Lyric and that helps you form your opinion that this a is a great company destined for huge growth huh....LOL
DOGS dont change their spots and speaks volumes about the mans character for sure if he defaults his creditors while earning a 6 figure salary. Just the guy you want as CEO huh?
So the reference to Ronny Halperin on this webpage has been removed as their general counsel person.
Anyone think he dumped his 103 million shares he was holding? Since he is no longer affiliated with the company (possibly) does he need to report still dumping his shares? Just curious that is all. Pure speculation and strictly my own opinion based on what I read here on this site.
They only list 6 total employees including the BOD so how is it that you have talked to a "number" of employees and IR. Do you mean you have actually had nice conversations with all 6?
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=34079
Seems like a lot of investors and/or other entities have been trying to get Lyric to disclose important financial info for quite some time and they seem to vigorously defend their actions in not doing so.
You just have to shake your head and ask yourself why all the secrecy?
Ronny Halperin J.D.
Chief Financial Officer and Principal Accounting Officer, Energy Telecom, Inc.
6
6
Age Total Calculated Compensation This person is connected to 6 board members in 2 different organizations across 5 different industries.
See Board Relationships
62 --
BACKGROUND*
Mr. Ronny J. Halperin, JD serves as the Chief Executive Officer and President of Blue Gem Enterprise. Mr. Halperin has been the Chief Financial Officer at Energy Telecom, Inc. since August 2009 and serves as its Principal Accounting Officer. He serves as the President of Ronny J. Halperin, PA. He has been Interim President of Xynergy Holdings, Inc. since January 2009. He served as the Chief Executive Officer and Corporate Counsel at Lyric Jeans, Inc. Mr. Halperin specializes in general corporate law, finance, mergers, acquisitions and real estate. He served as Interim Chief Executive Officer of Xynergy Holdings from January 2009 to May 2009. He served as Interim Chief Executive Officer of Hydrogenetics, Inc., from January 2009 to April 2009 and its Interim President since January 2009. He was a Partner of Kluger, Peretz, Kaplan & Berlin, P.L. He has been a Director of Hydrogenetics Inc. and Xynergy Holdings Inc. since January 2009. He served as a Director at Lyric Jeans, Inc. He was an Editor of University of Miami Law Review. He has license to practice law in Florida in 1990. Mr. Halperin graduated with a degree in Finance from the University of Miami and received his Juris Doctor from the University of Miami School of Law, where he graduated cum laude.
So who is hanging out with Hanna at the party house off the strip now because this article puts Halperin "in the past tense" as being part of Lyric? The article is dated 11-21-11 from Bloomberg business week.
http://www.ca11.uscourts.gov/opinions/ops/19985917.MAN.pdf
This is part of the case where Halperin defaulted on all those loan creditors while earning a 6 figure income basically not paying his bills while keeping his 6 figure salary intact. Just the kind of guy you want to be doing business with huh? Strictly my own personal opinion though, form your own conclusions as you see fit.
As you stated before, they may have counsel on retainer here in Cali as needed. There were a few cases that I looked at involving Lyric. I will see who their counsel was the represented them. One has to do with disclosure of info to investors and Lyric counsel responded with a legal letter basically telling them to pound sand.
If that is true, wonder if he dumped his shares before he left also?
I believe the company is incorporated in Florida though where he is licensed.
To the board site moderators:
Would it be possible to please update the webpage with current info and articles and pictures only? Articles that are 4 and 5 years of along with pictures of stars when they were teenagers are no longer relevant. Lets get a page together with current, accurate and detailed info about the company so we don't have to scroll 5 minutes through old pictures to get to the posts....
thanks you
What if they are not having a nice rosy profit time as you indicate? What if the ship is sinking right now? A lot of investors would like to be able to make an informed decision on whether to ride out the storm or pull out with losses and try elsewhere but they have no info at all with what to make an informed decision. If I saw modest growth or even the specualtion of modest to moderate growth for the company in a complete 10Q then more and more investors would get in and the PPS would go up. If I saw some negatives but also some positives, that would not hurt the company to disclose that to investors. But you stating that their intentions are to keep everything totally secret until they can show a profit on paper, well that has killed investor confidence. Obviously from your statement we can conclude that they are not profitable at all since they did not put out a 10Q recently. How many more years do you anticipate giving them to become profitable?
There is a lot of false and misleading info being put up on this site in my opinion. Facts are facts and they are stated right on this webpage here. Lyric puts out the minimum info to be able to be a public traded company per SEC. They do not file regular and timely and accurate 10Q and 10K reports and ARE NOT SEC COMPLIANT TO MOVE UP TO THE NEXT LEVEL.
Individuals can continue to put forth the same old lines of any day now this thing is gonna blast off or any day they are going to report profits or any day, blah blah blah....facts speak for themselves and there is a 6 year history to support those facts.
If things were going great with Lyric we would have heard about it via multiple PR's or an actual official and accurate 10Q filing. We got nothing and the PPS shows what the investors think of that.
CONTACT INFORMATION
Mr. Ronney Halperin, Esq.
General Counsel
Lyrics Jeans, Inc.
1000 Cory Avenue
West Hollywood,California 90069-3114
(Write this sorry sack of an attorney and tell him to get LYJN SEC-Reporting Compliant NOW!)
From your own website 99%.......LOL.....keep pumping away at air
What is their current cash on hand? What is the amount of the current liabilities? Did they have a positive or negative growth quarter? What is their current OS? THERE IS NO DETAILED INFO ABOUT THIS COMPANY FILED WITH THE SEC. THERE NEVER HAS BEEN AND SO FAR THEY HAVE FAILED TO DO SO AGAIN FOR THIS PAST QUARTER.
They put out the minimum info required by the SEC to remain a public traded company and that is it. Everything else is a close kept secret from their investors. If you deny that then you are in need of assistance soon possibly.
Please also direct your attention to my post 14922 and provide a logical answer to my question if you can for our board site readers.....much appreciated. .004 on the bid looking good tomorrow...
LOL, let me just direct your attention to the sticky on the website:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69161043
Please read my posts carefully. They file the bare minimum that they are required to file to remain a publicly traded company. They do not nor have they ever filed a complete detailed 10K or 10Q that I can find in the last 5 years but I could be wrong so please post up a complete 10K or 10Q recent for Lyric.
These facts should not be the only ones weighing on investment decisions. The last financial update of LYJN is a five year old Interim Financial Report. The company is not making SEC filings.
COPIED FROM THE HOT STCOK WEBSITE REVIEW 11-20-11
Lyric Jeans Inc
Attention Investor Relations:
Greetings,
I am a share holder in your company and currently own a substantial amount of shares. I have made several attempts to contact Investor Relations and/or management by phone with negative results. I have left phone messages with "Abby" but my calls are not returned. As a share holder (partial owner) in your publicly traded company, I have some concerns that I would like addressed and answered. All of the questions that I am going to ask would be information that is and should be publicly and easily available to any current or potential investor in your company and I am not asking for any type of inside information that is to remain confidential per SEC guidelines.
1. I would like to know why Lyric chose not to file a recent accurate financial report with the SEC for this past quarter? I understand this is optional for your company to do so but not doing so has decreased investor confidence in my opinion as evidenced by your current declining PPS.
2. What is the current financial status of the company? Are you operating in a positive or negative capital status? Are you in default or behind on payments to creditors or outsourced vendors?
3. How are sales doing in the different venues and variety of products? Are you seeing strong or weak sales? If the sales are strong then why is there no positive PR being generated from the company at all?
4. Why has Lyric never had an annual share holder meeting and why have you chosen never to have type of conference call set up where investors could ask questions in a group setting and get get current and accurate information about the company from the Board of Directors?
5. Why does it appear that Lyric wants absolutely no contact with its investors either individually or in a group setting? This is evidenced by the lack of communication provided by Lyric to its investors coupled with the fact that no one from management will speak with an investor on the phone and e-mail responses that I have viewed have been nothing more then generically generated off topic and lack of accurate answers. Basically, why all the secrecy from the company and lack of respect for its share holders?
I appreciate your time in reviewing my questions and concerns and hope that you will take a few minutes and provide accurate detailed answers to my questions. I will share the information you provide with other current share holders via internet Lyric board sites. I am quite sure they are as anxious as I am to know how the company is doing and ensuring our investment is heading in the right direction.
THIS WAS MY PRIOR EMAIL TO LYRIC IR. I AM SURE MOST OF YOU KNOW WHAT THEIR REPLY WAS.
You are not wrong. You are 100% correct. They are only required to file a bare minimum amount of info which you see displayed on this webpage to remain a publicly traded company and that is all they have done for at least the last 5 years according to website research I have done. No current financial status report is available.
If Walmart sales were booming and profits were there, they would have put out lots of PR and probably a nice SEC report showing their improving numbers. We got zero.
Are you going to deny in front of the whole board that there has not been problems in Lyrics business history and that it is certainly possible that problems continue today but we would never know because they never file full detailed accurate timely financial reports now do they?
Sounds like your saying the last 2 years things have changed and are better now. Please expand on this? More product, more sales, more money...etc...Just speculation until they put it in writing in a formal report for all the shareholders to review and determine whether or not their investment looks good or bad. PPS dropping and all the websites indicating 'strong sell", well doesn't take much to make an educated guess there what their opinions are.
http://www.hotstocked.com/article/1947/only-spring-tune-stirs-the-shares-of-lyric-jeans.html
This site/article dated 11/20 says the last SEC financial report filed by Lyric was 5 years ago and it was an interim report. They file the absolute minimum they are required to file just to remain a public traded stock on the pinks. They do not file detailed,timely and accurate financial reports with consistency and transparency for shareholders thus investor confidence is dwindling and the PPS is evidence of such in my personal opinion.
http://finance.yahoo.com/q?s=LYJN.PK
Yahoo also shows NO SEC report filings on their site as well.
Interesting the pre-market bid is now down .004. I think that is the lowest that I have seen. I know it will close up on Monday but still seems to be reaching new low levels now.
And that is the million dollar question. If things are going so strong for the company then why no PR or SEC report? My conclusion is that the company is struggling to stay in business and if they put out really bad numbers in an SEC report, they will be out of business. Strictly my own personal opinion based on what the company practice apprears to be concerning non reporting and non contact with shareholders.
http://www.barchart.com/quotes/stocks/LYJN
Pretty much the same recommendation I see on other stock analysis sites also. "STRONG SELL". Personally, I am not selling at these low points because of the substantial loss that will occur but I have little faith in the future of the company also so just letting ride unless someone or something causes it to spike up again to a penny, then I am out.
Thanks Lucky but there seems to be quite of bit of history with Lyric and suspicious patterns of activity that seem very troublesome to me. I doubt anyone on this board would not agree that there is quite a bit of circumstantial and factual evidence indicating red flags for this company. It has been discussed on IHUB in depth over the last few years and also on yahoo. Typically, where there is smoke, there is fire so what makes the company any more solid and believable now compared to all the negative info and suspicious behavior patterns that I have read about previously.
You are right, they appear to be putting product out and various locals and different types of products but they were also selling products previously over the years as well and all the controversary and suspicion began to be observed, noted and posted about and some of it is just speculation but other parts are factual.
What are they doing now that has given you confidence in your investment when all this negative pattern history is there and the same players and pattern may be continuing as well?
I would like anyone that can to provide me one simple answer if possible or even a theory or speculation:
If Lyrics products have been flying off the shelves as 99% has stated from his many trips to the mall and conversations with sales people and their internet sales have been exploding despite low numbers of hits to the site per Alexa ratings and Lyric has been making profits either modest or substantial then answer me this riddle please....
Why would they not want the entire world to know this either via SEC reporting or a string of PR's? If everything is going along per their short, mid and long term strategy and 99% research and speculative math calculations all indicate strong sales and profits then why no new? Nothing at all from the company?
What advantage does Lyric get from withholding these numbers and info from the current and potential investors? This is what I just do not understand?
What conclusions do you long term Lyric guys come up on this?
I hope it works out well for you in the as well....good luck
So it was insider trading that was not reported huh? Some "non affiliated" third party just magically popped out 750K shares for the OTC reporter to put out a few sentences of PR about Lyric? I wonder if there was a spike in the PPS after that because it says the OTC sold the shares rather quickly. Pump and dump again?
another bit of info that is kept secret from shareholders I suppose. Obvious pattern here with this company and I bet a few more people are starting to ask themselves the same questions I do as well. Strictly my own personal opinion based on my DD but thanks for posting it 99% I will post your yahoo messages also for IHUB for info sharing purposes too.
I hope it goes well past that for you and you make money like I hope for everyone on here to do so. I don't like to see people lose money. I got in at .012 so I am not far behind you. Have you averaged down a little with this low PPS?
So you are predicting .02 or more in 2 weeks?
I agree, it is strictly my opinion but the PPS really began to drop when they failed to report last 10Q. That means investor confidence began to lower and lower and I believe it was due to non reporting. Even if the numbers would have been marginal, speculators would have still been in interested in the stock and the PPS would not be at these levels now.
We have reached a point now where there is no interest in the stock. So the MM's will lower the ask till some buyers start to come in and volume increases and then maybe you get a little PPS rise due to the volume. Then the traders will want out as fast as they can with their little profit and down again it goes. They have to create a market for Lyric and provide the liquidity which is why you see the ask/bid going lower each day. No interest, no confidence at this point so MM's do what they can to create some activity with the stock.
Just my personal opinion of course. Do your own DD and form your own conclusions.
Wow, days range was .0048 to .0056. Is that a new low for the month? I know that .0045 popped a few times here and there but stock sure seems to be testing that .0048 support level now and .0046 is the next support level after that. IF we pass those levels, stand by, it may reach new low levels not seen before in my opinion.
Excellent post and combine it with the fact that they have never had an annual shareholder meeting or even a CC with shareholders being able to ask questions over the phone with the BOD and you have a recipe for zero investor confidence and .005. Appears to be some shady characters also involved in the company history as some have posted on here. I wonder if they are still involved at some level behind the scenes. Pure speculation on my part but you never know when a company is a secretive and nontransparent or responsive as Lyric appears to be.