Dontnosheet....I agree but in addition I would include the inference by LYJN management in 2010 that was made in the PR after the CE was put on the stock that they were going to provide the necessary information to become a " pink sheets " reporting company.
Credit where credit is due.....they did provide 3 years of previous numbers for everyone to mull over and got current. Not fantastic by any means and I am sure Hanna still would be a non reporting company if not for the CE. Truly not something IMHO a company does when trying to exist in " pinkie land ".
The stake in the heart of LYJN ( if you review the PPS since then ) was the lack of " continued follow through " reporting to maintain the " pink sheets " status quo. This lack of responsibility on managements part along with constantly throwing the " starving artists " in everyones face on TV and other sources from time to time has taken away any " faith " in LYJN to be a real company that supports the shareholders and have any shot at becoming a marketable entity in the fashion industry. Some have said in the past it was a money issue but money was readily available everytime management wanted to put on a nude show. It obviously didn't pop the PPS like a good batch of numbers would did it?
IMHO this is my impression of the events leading up to today. No fluff, no puff....Hanna and Ronny blew it over a year ago. They had their chance, the motor was jump started ( P&D ) and they TOTALLY FAILED to hit the gas pedal in a timely manner before the tank ran out of gas. If Hanna wanted the company to continue upward, all she had to do was keep up the " pink sheets reporting ".
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