Lyric Jeans (LYJN)

[gordonhoochie]

Why investors lack confidence n Lyric. This topic has been going back and forth for some weeks now since I started posting. I have been reading this board site since I fist bought shares about 6 months ago. I have explained how I feel the lack of SEC reporting and total lack of communication abut anything of importance with the company and the shareholders has helped me form my opinion among other reasons as well.

I invest in another pink sheet small company similar size to Lyric but different area. They have 16 employees and are trying to move up from the bottom just like Lyric. They do not post PR unless it is significant and important, no pump and dump fluff stuff from their PR. They post regular quarterly earnings reports with the SEC even though they are not required to do so. These reports contain both positive and negative info about the company in fact they lean much more towards the negative side typically. They follow each report filing with the SEC with a CC in which you get to call in and ask questions directly to the BOD members who will address and and answer your concerns to the best of their ability. Obviously certain info needs to remain confidential per SEC guidelines but everything else they will do their best to answer for you over the phone while all the shareholders listen in. They even make a copy of the CC available on their website later so you can go back and listen to it again if you missed the chance on the phone with them. They have an IR person you can call or email directly and get a prompt response. She will talk to you for an hour on the phone about your concerns and the company within the SEC rules of course for info that can be discussed publicly.

Now compare this to what Lyric is doing and ask yourself which company you would feel more confident with your investment. One which is open, transparent and has continual communication with its investors to keep them up to date with current and factual information or a company which voluntarily elects not to make any SEC reports or have any shareholder contact at all?

It is not difficult to see what the better option is. Now you have to ask yourself why has Lyric chosen this route which appears to have hurt investor confidence big time? I have already stated my reasons previously why I feel they chose the route they chose but it was strictly my personal opinion. You need to ask yourself the same questions and form your own opinions without looking at the pretty pictures and all the fluff surrounding the company and come to your own conclusions.

I wish everyone the best of luck of any and all of their investments.