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That does appear to be the clear history of this pump and dump penny or sub penny stock I guess you call it.
It was posted that they were in selected stores only. I don't know if that is factual or not. Everything is speculation when you have a non reporting company who cares nothing about its shareholders at this point in my opinion but it does seem to have eroded investor confidence big time as evidenced by .0055
Another great day for Lyric. No buyers at all and no one wants to sell for such a low PPS and absorb such a substantial losses.
It didn't trigger any stop loss limits. It was just that one odd sale again that went through. MM at play for some reason but who knows. Maybe trading a few shares between MM's and other penny stock but such a small amount.
Mak, I agree with you that the items are in some of the Walmarts not cross country all of them. But they PR'd the crap out of that fact which is fine it pumped the PPS up to 3 by luring in unsuspecting investors like myself and then things stabilized again and the non reporting killed investor confidence and here we sit at .006 now. Pump the good stuff don't report (SEC) the bad stuff going on with the company.
Why the .0045 again this morning? Why the cheap sale?
Everyone thought Bernie M was a nice guy also and was making them tons of money on their investment with him. Anone can express their personal opinion of Hanna and how she is running I mean ruining her company at this point.
Agreed, I would be out faster then you could say the word out if I could sell my shares at that price at some point.
I agree 100% with your statement
It was the Walmart fluff pump that shot it up and dumping started soon there after combine this with the non reporting and investor confidence went to zero except for a few members on this site. Pure pump and dump play there and I got suckered in at .012 before they failed to report of course. I would have never bought in if I knew they were going to treat shareholders in this manner.
LOL,,,good one. What was the high PPS in May when they did the walmart fluff pump? It went up over 300% that is what caught my radar attention on the company. Compare that to .oo45 again this morning (which is very odd) and how much percentage has it dropped since May?
That is exactly my point. Why put out bad news and numbers in SEC filing or PR when you can just sit back and not say anything and keep up the smoke and mirror images of the pretty pictures and alleged collections selling out everywhere. I am guessing as they tried to diversify their company with other products, they got in way over their head with expenses and even if they are selling some low priced items, it is not keeping up with their overhead expenses and the boat keeps taking on water.
Maybe the 2 persons on the BOD have been dumping portions at a time.
I totally agree and it appears others have tried previously via court and/or SEC format with no success. What is your idea for compelling this info from the company? I would assist any any ways possible.
Can you please tell me what it has done since that back in May? Down over 350% I believe. It was pure pump and dump and the current PPS reflects that. The company is down 95% of its original value from 5 years ago. Verifiable facts. Hows your investment looking? You up or down 350%?
Good points but it has been nothing but a downward spiral since the fluff pump in May for Walmart and it was obviously compounded by the lack of reporting. .005 may be the bottom because the bag holders (me included) just don't want to take that big of a loss and are hoping for a holiday fluff pump PR to get it back to a penny for a day or so to dump and run for the hills.
Or BK the company if the numbers are the total opposite of what you are speculating they might be. There are 2 reasons why they could be refusing to release any financial info. Good news, I am quite sure they would have at least put out PR by now if not a nice SEC report. Bad news,, well no SEC report and no PR and that is what we are dealing with right now.
I would join in on that but first a collective effort by all the shareholders to compel Lyric to do the right thing is required to show that we tried every effort to get some info from them and they refused while all the while sacking the profits away in their own personal accounts. This is strictly my personal opinion.
You left out the part where he defaulted on 7 different loans and failed to make any payments to his creditors and had to have his wages garnished even though he was making a 6 figure income. Very reputable individual and speaks volumes to me about his character and how he probably running Lyric also.
What chart? They have lost 95% of their value over the past 5 years in PPS and he calls that growth and potential. I call it a scam and investors being taken advantage of by an unreporting company who could care less about its shareholders.
Do you think if it hits a penny during the holiday fluff pump and dump PR that those that want out will be able to sell their shares at the ask? Do you think there are a line of investors waiting to get it on this great company? If they won't buy at .005 then why would they buy in at at a penny. Those that want out are going to be nothing but bag holders with shares they couldn't give away. This is evidenced by that .oo45 the other day. Poor guy probably been trying to dump his shares for awhile with no success so he finally got fed up and just lowered his limit to dump and get out.
Exactly, they may come out with some fluff PR that pushes it to a penny or so for a very short period of time but once the pump and dump is done back to .005-.006 as your highs. Wish it would drop to .oo3 so I could average down before the pump and dump to a penny though. Would make it alot easier to get out with less losses on the loser of of company.
Sorry for hoping for American made pride and quality in a product. Perhaps that is why it looks like cheap costume jewelry you would see at a swap meet.
Rustler, either way it goes is bad for us. If they made a ton of money and stuck it all in their greedy pockets were screwed. If their sales were nothing but hype and more fluff and they made little or no profits at all and dont want to tell us either version, we are still screwed. Both routes are bad and the absolute silence from the company is a strong indicator of something being done behind closed doors with only a select few persons knowing the true picture of what is going on and I will tell no matter how you paint this picture it is a bad painting,
Great theory with substance but my view is the sales numbers were not that great, no profits, negative operating capital, maybe defaults on loans to creditors and/or vendors. Just all around bad info that they do no want put out in any way shape or form to unsuspecting potential investors. Keep the fluff up and the pretty pics showing and get a few more in for what they believe is a legitimate company that respects its shareholders. This is strictly my personal opinion.
so .0045 was the new bottom? or do you think lower lows on the horizon?
I seriously doubt there is that much profit when you factor in the outsourcing to China and Guatamala, importing, distribution, etc...of products that sell for under $10. It is probably just enough to keep the ship from sinking sooner rather then later but I do not doubt your theory that the BOD may be very well taking care of themselves as the ship sinks with whatever little profit does come in.
Well, when you have lost all faith in a company because of their business practices then I guess you reach a point where you just don't care and just want out and will take your substantial loss to do so.
Pure speculation with no supporting financial reports to back it up. Pump pump pump and yet we had .0045 this morning.
Wow, sure sums up the huge problem right there. Lied to right from the start. No one filed with the SEC about their false and misleading statements to investors?
I was thinking that they have a vested interest in Lyrics financial status as well so they do not order and pre-pay up front a lot of money for products that end never getting delivered if BK is imminent.
So do you think the lack or reporting their financials has anything to do with the loss of investor confidence which is evidenced by the falling PPS and volume in the stock?
Maybe some emails to Walmart, Blooms, Clairs, etc...explaining our concern over the current financial non reporting status of this company since they are investors also in Lyric if they are allowing product to be sold in their stores. Wonder if that would get a response.
But he is speaking based on facts and a pattern of non reporting and non contact with shareholders. You are just speculating and dreaming of great things to come with no supporting facts to base your opinion other then pretty pictures and fluff.
I agree but if all 680 plus shareholders started leaving messages about wanting current financial info then maybe they would see a mutiny developing and get off their arses.
I think you might be totally accurate in that assessment. We need a way to legally force them to show us current financial info.
Maybe if 680 shareholders attacked the facebook page with complaint after complaint about the lack of info and concern for the investors, the lyrical tune might change
Thank you and I agree with and am also part (large part) of the group that is down. Look at the primary reasons the stock is 95% down from 5 years ago and don't blame it all on the economy because the market as a whole went down with the economy and I believe was in the 6000 range for DOW and it has come back over 100% since then 5 years ago. Bit sketchy now with the Europe mess though.
99% likes to post all the alleged positive things the company has done, is doing or is going to do in the future but the 5 year track record speaks for itself. Now you need to ask yourself why? What are the primary reasons this company has not gone up in value? They have allegedly expanded their product line into multiple outlets, have an alleged reality show, have alleged sales of items with empty racks and stores wanting more and more inventory, have all this alleged fluff going on and a history or pumps and dumps.
The reason I am using alleged for everything now is because we know nothing truly factual about the company at this point. The old saying from the boss a work "if it is written down and documented, well it never happened". We have nothing in writing to form a true picture of the company and its potential, hence 95% down over the last 5 years.
The shareholders need to group together as a whole and DEMAND answers from Lyric. DEMAND accurate financial reports. I guarrantee if every single shareholder filed an SEC complaint in mass against Lyric, I bet we would get a response then.
and its .006 a share? Why is that? Can you please provide some factual information to the common investor to show why there is like a 250% drop in PPS since May?
The 5 year history of the company shows it down 95%. That means that people that bought in 5 years ago, perhaps even you are down down 95% of their investment if they held their shares in a long position duped by the fluff of the pump and dump.
Are you down 95% from your original investment?
I would be more then happy to assist. I wish there was a way to get a petition out to each and every shareholder to see if they would sign it and demand full disclosure and transparency from the company and then forward it to Lyric. They would have to respond in a public format so all shareholders could see it. I would be very curious to see what their response would be and the reasons behind it.