Lyric Jeans (LYJN)

[ZaneyMan]

Its not at all uncommon for high level execs to have interests in multiple organizations and opportunities. I don't find this news about Hanna and Ron H. to be worth worrying about. In fact I knew Hanna sang with working bands something like a year ago. (Surprising that you guys are just finding this out with all the DD you like to brag about.)

So I'm still buying. Here's why in a nutshell:
1. Lyric has expanded the number of outlets carrying their stuff.
2. They're experimenting with new market niches.
3. They're apparently profitable enough to get by even though their stock is only going for 2 cents. (Yes, I know the financial reporting would be nice to see...)
4. IF they were really just a stock selling scheme, I think we'd be seeing a lot more volume than we are because at 2 cents it takes a LOT of shares to add up to any money..
5. That noted, the volume is up substantially on fairly steady PPS over the past couple weeks.
6. Everyone I tell about their concept STILL likes it. You may recall that I hated it (being an old fart) but I bought my first shares because everyone I told about LYJN liked the idea.

Almost nobody has a perfect business model coming out of the gate. IBM once sold meat processing machines. I still think Lyric has potential.

-ZaneyMan