Lyric Jeans (LYJN)

[99percent]

There has been only one bogus accounting of LYJN product discussed here, and that was at a Nordstrom in Kansas. Everything else is very well documented.

As far as 9 years of RED INK, LYJN started putting out product in 2007 - 7 years ago. The only full financials we have are from 2007, 2008, and 2009, and those show a minimal amount of RED INK, which should have disappeared once the company passed the $3M in annual revenue.
http://www.otcmarkets.com/financialReportViewer?symbol=LYJN&id=33967
They brought in $1.5M in revenue in 2009, and had been increasing their revenue Y/Y. It appears that revenue has continued to increase dramatically Y/Y for the past 4 years since those figures. Today they are doing business in the multiples of what it was back then in the "Great Recession" era.

It is highly unlikely this company is operating in the red. They certainly haven't been funding operations off stock sales with the PPS and volume at this level.