Replies to post #13467 on Lyric Jeans (LYJN)

[frodo_1978]

yeah 99, i think there is some sort of mix up here. Example. Walmart purchases 500 pieces @ $4 from LYJN for 2000 stores = $4M in revenue for LYJN. As Walmart sells each piece for $7, then walmart start to collect revenue from these sales. LYJN doesnt collect revenue as each peice is sold by walmart, otherwise that would be considered consignment. LYJN already collected its revenue from walmart, until walmart starts to re-order product. I have checked 2 of my local walmarts, each had 40 pins on a rack with 12 pieces on on each. Only 3 to 4 of the 40 had all 12 pieces on it, the rest had about 3 to 5 on it. Not sure if there were re-orders, but it seemed like it was sellin rather well. As to financials i can only speak from experience, i have been in several pinks that are SEC compliant and have seen them tank with the best of them, in fact my best gains have been from non-sec reporting pinks. In any event, if the goal, down the line (2 - 3 years) after lyjn has made significant strides in brand recognition, is to get uplisted (amex, nyse, nasdaq) then yes, i would agree audited financial is a must. Right now, not so much, just sit back and make money fellas, dont be scared. GLTA

[Rustler]

It's done by slick computer software. I was a corporate manager for the Phillips-Van Heusen Corporation (e.g., Calvin Klien, Izod, Geoffrey Beene, Tommy Hilfiger, Van Heusen) for five years. I'm telling you, the sale is credited to LYJN at the point of sale, not at the point of wholesale delivery.