The PROBLEM here as I see it has NOTHING to do with the PRODUCT,
the CONCEPT, nor the BUSINESS per se. The problem right now is
management, profitability, cash-burn, REVENUES, maximizing &
LEVERAGING Product Lines (e.g. axing operations that are not
working & opening one with much higher profit potential).
Anyway, the company is OTC "NO INFORMATION" & that is never
good. I have not checked to see if the TA is gagged here
but through back-testing & scant info IT IS CLEAR they are
BURNING THROUGH about 10.5MILLION shares PER MONTH; or, at
least they did in the 6mo INFO available for 2011 & KEEP
in MIND that the pps was higher. Assuming the cash burn
has NOT improved LYJN is looking at dumping shares at an
ACCELERATED RATE HERE SHORTLY since they do NOT HAVE a
HIGHER PPS to dilute into!!!
I actually LOVE certain aspects of this stock, but the
UNKNOWNS are TOO NUMEROUS to ignore & I don't see ANY REVERSAL
under current management to get OFF THE DILUTION-WAGON!!! In fact,
it appears as though the 1B A/S will be swallowed this upcoming year
& then EVERYONE should expect an A/S INCREASE (I'd keep my
eyes peeled on the S.O.S. website but I have no faith they'll
even file there as they are required!!!) My guess is they'll
follow that up with a R/S & should they get their business
under control within the next few years AFTER doing a R/S
then they'll have MY MONEY!!!
I have lots of folks/friends who ADORE many aspects of the
concept, business, potential et. al.: BUT until they can
turn the corner INTO PROFITABILITY & bring costs/expenses
in line, they will LIKELY KEEP TAPPING THE DILUTION WELL.
There are OTHER forms of financing, but they have NOT shown
me an inclination towards developing LONG-TERM shareholder
value by soliciting & utilizing those resources. So, FOR NOW,
shareholders are STUCK FOOTING THE BILL!!!!
Sorry, don't mean to be a Debbie-Downer here,...but I don't
believe my analysis is really disputable,...facts being what
they are...most would be wise to stay away from this stock
until they start filing, become OTC Limited Info (at the
VERY LEAST) & show they are serious about combating the propensity
to USE SHAREHOLDERS as their ATM. I don't believe the dilution
has been EXTREMELY EGREGIOUS nor CRIMINAL, but if you are a
shareholder here....you simply can NOT LIKE THE FACT that
the dilution will not allow the stock to surge UPWARDS & gain
HIGHER valuations!!! At least not valuations it can sustain.
Until then,...I'll be watching as I like the potential here,
just need to see MUCH MORE from management as it relates to
SHAREHOLDER VALUE & INTERESTS....
