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BayCityNights

07/27/15 12:55 PM

#28503 RE: Lyric_Rocks #28502

EXCUSE ME? Lyric Jeans investors didn't HELP the company (LYJN), they FUNDED AND OWNED the company as well as the assets that were LIQUIDATED, allegedly to avoid "bankruptcy".

Has any shareholder (owner) here received or viewed audited financials documenting how the cash or assets were distributed and exactly who benefitted?



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BayCityNights

07/27/15 1:43 PM

#28504 RE: Lyric_Rocks #28502

BTW, Lyric Jeans (LYJN) didn't "BECOME" Lyric Culture LLC. By all published accounts, Lyric Culture was and is a non-related PRIVATE company.

If what you seem to imply was correct, that LYJN, Inc. IS now Lyric Culture, LLC., LYJN shareholders would be rightfully questioning the propriety and exactly how the publicly owned company became a privately owned company.
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rhumphre1

07/28/15 10:56 AM

#28505 RE: Lyric_Rocks #28502

Lyric Rocks.......... WHY does it seem that you keep " wishing " that Lyric Jeans is going to MAGICALLY RE-APPEAR?????

IF you did your DD, you would be completely aware that LYRIC CULTURE came into existence as a " spin off " company of Lyric Jeans for ONE and only one REASON!!!

Lyric Culture was started AFTER Hanna became fully aware that she was in DEEP DOO-DOO! She was OBVIOUSLY planning this EXODOUS for a few months BEFORE the spin-off and had to " select " her successors to purchase those assets AND distribute them.

Ask yourself LR......WHY is the HSN still pushing the OLD LINE out the door at greatly discounted prices???? Sure isn't Hanna cutting that deal is it?? Remember Hanna SOLD IT ALL off. If it is, then IMHO, she has committed PERJURY......probably more than once!

That is WHY IMHO, I do believe she fed the BANKRUPTCY COURT a huge line of CRAP as to her not " knowing " or having had any " previous " engagements or dealings with the OWNERS!

Why do I say this??? Well gosh, does it take a ton of bricks falling on one's head to see WHY some individual(s) would keep a EX-CEO that is up for charges with the NYC DA's Office AND the Supreme Court on their WEB site pushing the OLD MERCHANDISE that is still lying around in a warehouse??? Doesn't it seem quite ODD that they even have ALL the OLD VIEDO(s) on their site with Hanna front and center??? Why would that not be the FIRST thing they would have removed??? Do they still NEED her presence to be able to exist?? I would say that is a DIRECT VIOLATION of the BANKRUPTCY COURT!

Very ODD I would say and I would bet the DA's Office in CA may think so as well. One DOES NOT sell off their company, lot, stock and barrel only to still remain " active " in the distribution channel in some way or another does one??

$290 MILLION DOLLARS being RAPED from the shareholders of several companies by the MAGNIFICENT EIGHT is a lot of money. Hanna WILL pay her share of it!!

FOLLOW THE MONEY......ALL OF THE MONEY!!!!