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The company has been around for 6 years (I believe) has there ever been a share holder meeting or CC done by Lyric BOD? Just curious what kind of contact and response they have given their investors during the past 6 years.
It was stated by Mac (I believe) that the jewelry is made in China so we are supporting the Chinese economy if any of it is selling at Walmart anyway. We have no way of knowing because this is a secret non reporting company who does not respond to share holder concerns.
.0055 for a low today. Won't be long and .003 will be a good buy time to try and make up for some of the losses incurred from this unreporting company that has no concerns for its share holders.
Don't worry, I suspect that most of us including myself are down on our investment and can only hope things change for the better. I averaged down to about .009 but that was tripling down and crossing my fingers,,,,,LOL
What is Lyrics current financial status? What is their current profit level? No estimates just current hard up to date links please.
even a nice email or PR from the BOD describing this would be nice.
You are absolutely correct. I can only hope that there is no underlying bad motive behind all the silence from the company.
A nice CC about upcoming collections and future direction of the company sure would help build some investor confidence again and it really does not cost any money at all to do a CC over the phone with the BOD answering questions and concerns.
Sounds like a decent prediction based on the circumstances you described.
Based on what speculation? We have no accurate reports to go off of? IR and/or BOD will not respond so we are at the slot machine dropping our coins in and hoping. declining volume and PPS are great indicators of investor confidence combined with no PR, no SEC fling, no contact from the company at all and we are heading to .10.
Please present some factual info with which you base your opinion of .10.......thank you.
They do have 680 shareholders of record listed on this site. I am quite sure those 680 investors would like to know whats going on with their money and partial ownership in the company. CC's are very easy to set up with modern VOIP tech so why no CC's? Why noe an annual shareholder meeting at the corporate HQ? We could have a BBQ in the backyard. Maybe they even have a pool.
The hard thing now is to find anything that says "made in the USA"
So we are invested in China's economy? This is going from bad to worse.
Thats my plan, hold through the shopping season for the holidays and hope for a few pennies up and then get out.
You up to date on China's economy lately. Going into recession/depression just like we did. I am sure you know about the quality of their exports also. I hope Lyric isn't make stuff with the quality of Chinese products.
Try and knock next time...Abby's voice sounds nice on the phone would like a full recon done please.
and they have no quarterly profit numbers to report?
I love the optimism from you guys and believe me, I hold a lot of shares and pray each day for the big break to come but I am a realist and rely and facts and figures. Tangible info that I can verify and that I can base my opinion on. I know pinkies are a gamble but some are obviously better then others. The more I dig here the less enchanted I become especially with the total disregard for any contact with share holders and lack of reporting or PR.
I am riding this out through the holiday season to see if we can get back to a few penneys and then I am out. This will never be gucci, Jimmy Choo, viton, etc....those dreams will never become reality but I do appreciate all the info you guys provide and respect each and every opinion on the site.
I agree, location, location, location could be very important but if you review statistical info on their website hits combined witht he fact that not a single person walking down the street would even know that with Lyric (no signs posted) well not sure this makes things better for them.
If they are doing so sell and keep increasing profits then why no SEC report or PR release to increase investor confidence. What you get is an answering machine named Abby who tells you no one wants to talk to you about your investment in the company. Who even knows if the links and info you posted is accurate or fluff. No company does business like this totally ignoring the share holders.
Please tell me what the last share holder meeting occurred? When was the last CC where you could call in and ask questions about the company and your investment? Someone please give me the dates for those 2 events?
Unfortunately, you have no way of knowing this as accurate. There are no SEC financial reports so you are just speculating.
Can you please provide a phone number where I can speak to a live person (not Abby) investor relations or maybe even someone from the BOD about their business model which as gone from high end boutique to costume jewelry at Walmart. I have some concerns about the current direction of things.
Where is the PR or SEC financial reports showing the glowing profits then?
Agreed, this is not one off specialized merchandise. I personally feel the big brand pricey stuff wasn't selling so the walmart is a cost cutting measure hopefully to generate some minimal revenue to keep going. We are bargain basement now and they only thing making the paychecks for the BOD is the fools like us investing at this point.
The corporate HQ is a rented old house off the sunset strip. No indicators or marking from the exterior that Lyric even operates out of there which also concerns me from a business license and zoning permit perspective but they may be legal i do not know for certain but certainly would have liked to have seen a nice rented professional office space with Lyric on the front door.
It is not just the financials of non reporting but the total disregard for the the shareholder(s) all together. They want no contact whatsoever with the shareholders. Combine that with everyday decreasing PPS most likely based on lack luster sales and profit coupled with lack of investor confidence and you have a company in big trouble. When no one will talk with me or return my emails, well my investor confidence level is at a zero with this company right now. Dreams are fine but reality is final.
Very interesting perspectives from the positive and negative side of tings. Bottom line, if they were making good profits, you know there would have been a lot of positive PR out about it and most likely an SEC filing. There wasn't so that should give you a strong indicator of the companies current financial position even if they want to keep every little thing they can secret from the share holders.
Fairly obvious the high end stuff was not selling which is why you will slowly not see any of their items in the higher end boutiques. They have transitioned to costume jewlery and I can only speculate that the profit margin there is minimal. It is a slow and steady decline for the company which is reflected in the PPS as well.
Nice moves on your part. I just can't be in front of the computer that much to be able to make those split second trades. Can set stop losses and limit sells but with my luck it will dump sell at a penney automatically and then run to .02 :o)
Just depends on how often they pump it and I have not seen is since back in May so for day trading forget it. Most of us don't have time to sit around the computer all day and watch it for the penney bump either. I am just buying in the .002-.003 range and then hope for a bump during the christmas shopping season and then out.
Was there a little paid promoting involved there? I seem to recall seeing it blasted on a few of those pump sites around here or was it based on some forward progress such as Walmart?
Either way, it lasted a very short while and fell right back down.
True, do your own DD and form your own opinions. Initially, I liked what I saw and read but the more I have researched the more doubt I have about the company.
Rustler, I hope you are right. I want positive things to happen for all the investors in this company on this board site but got to look at hard facts also and make informed decisions about what is going on. I wish everyone makes a ton of cash here but odds are about the same as the mega lotto right now.
Correct assessment
and the PPS confirms your opinion along with the non reporting and lack of any other communication with investors.
Why is it posted on the Lyric webpage for investors to see?
Why is it posted on the lyric webpage for investors to see?
Safe to say that their high end products were not selling as evidenced by lack of PR and SEC reporting. Now they have transitioned to low price trinket jewelry and bargain based chain outlet stores and still no PR or SEC reporting.
Would that be an indicator of lack luster sakes and no profits and more debt adding up? This is going to .002 and when it jumps to a penney during the holiday buying season their will be massive dump selling. You can bet on that one.
Please note that I am not trying to bust anyones balls here. I own a substantial amount of shares of Lyric but lets start really looking at facts here and not dreams about the future. If they can not get the basics even going in the right direction for a pinkey company then then future just does not look good to me either.
If their sales were even better then average, we would have had PR or an SEC filing so as to build investor confidence. We got nothing so I am speculating that sales are not that good.. Alexa rating supports some of this along with other statistical data and a corporate office hidden in the bushes on some side street.
Most companies have competent investor relation person(s) to call or email and they respond ASAP. Elite pharma for example have spoken numerous times with their IR on the phone for upwards of an hour. The BOD has had to tele conferences in the last 4 months where you could speak directly with BOD members via phone and ask them questions about the company and your investment. You could also just listen in to the call. All of the BOD provide their personal email so you can contact them directly with concerns. This is an OTC penney stock company also but theyare just managed professionally and their SEC filings are always on time and accurate so as to give the investor confidence that is money is being put to good use.
Anyone here call Hanna and talk to her about Lyric lately or visit with her during a share holder meeting?
There have been 3 R/S in this companies history profile 2004,2005 and 2006....are you surprised? Not under the current BOD to my knowledge and I don't even know if the 6 full time employees at Lyric were even around back then but as the PPS continues to fall and one billion shares authorized, do be surprised if the OS jumps and R/S next to try and bring in some more fools money.
Well, I hope you are right for the longs and traders in here but I have serious doubts due to all the non information and lack of respect and communication from the company.