Replies to post #16018 on Lyric Jeans (LYJN)

[99percent]

If you honestly think that an investor might be fooled into thinking that my post is an actual report from the company, or that it discusses an actual report by the company, or that those are my intentions, then I don't know what to tell you.

The reason I posted those estimates - which are based on past financial data reported by the company, and the documented market presence past and present which has been derived from PRs that appear to be accurate, actual, multiple, ongoing visits to retailers in my area, and testimonies along with pictures documenting the presence of product throughout the United States - is because I was sick and tired of the financials being made an issue when it should be fairly obvious for someone doing a limited amount of research to figure out where this company stands. They are barely profitable, or barely unprofitable with revenue between $2-4M.

My estimates are pretty accurate. If you think the company didn't do as well, go ahead subtract a half mil or mil from the estimate. If you think they did better, add a half mil or mil. But to be honest, i don't think you could reasonably add or subtract a million to those estimates. AS for the costs, those are basic, and kinda follow along the lines of the numbers we've been given in the past.

Dilution isn't happening to any great extent as anyone who has been following the share structure can see with the total outstanding shares as of 12/2/11 of 695,507,109. All restricted shares issued remain that way. The company has never indicated that it is taking on any considerable amount of debt.

The company, over the past couple of years has continued to diversify its product and expand market presence. Many of the major retailers that they have established relationships with in the past couple of years have continued to carry collection after collection. They sell product under the brands: Lyric Culture, Lyrix, Lyric Lover, and Lyric Nation, via retailers such as Bloomingdale's, Nordstrom, Victoria's Secret, Claire's, Walmart....

The women's INXS collection is coming this Spring. There are rumors of a "Lyrics for Peace" collection.

They don't issue a bunch of fluffy PRs. If you go back and read some of the most recent ones, whether you believe they are working on some sort of docudrama television series or not - that PR should tell you that it is their intention at some point to have a major coming out event, and they are working with industry leaders to achieve this goal.

I got carried away, but this is what they said almost 2 years ago as far as providing info, and they did do this.

March 26, 2010 17:33 ET
Lyric Jeans, Inc. to Update Pink Sheet Information

LOS ANGELES, CA--(Marketwire - March 26, 2010) - Lyric Jeans, Inc. (PINKSHEETS: LYJN) today announced that it has taken the steps necessary to become a Pink Sheets reporting company including entering into the Pink OTC Markets Issuer Services Agreement and assembling the information as required by Pink Sheets Guidelines for Providing Adequate Current Information.

http://www.marketwire.com/press-release/lyric-jeans-inc-to-update-pink-sheet-information-1164810.htm

[99percent]

Actual Financial Data provided by Lyric shows significant revenue growth, year over year. A growth pattern of 50% supports the estimates I have made. The observations of market presence certainly back this up:
A History of Lyric Culture - Part I,II,III,and on
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69490361

Revenue Growth
2007-2008......163%
2008-2009......32%
2009-2010......(estimate)50% 2010 revenue (estimate)$2,283,094.97
2010-2011......(estimate)50% 2011 revenue (estimate)$3,424,642.45
And what did I come up with for 2011? $3,398,000. It all seems pretty consistent, and reasonable.

In addition, as you can see in olive, the company has maintained Operating Expenses of just under $1M, year over year.

note: You'll see that there is a significant drop in gross profit in 2009. This was a result of 25% slash in prices that occurred that summer to meet the demands of an increasingly turbulent economy. The company has focused on maintaining these very competitive prices ever since.

The following information was provided by the company to the OTC Markets Disclosure and News Service:
http://www.otcmarkets.com/financialReportViewer?symbol=LYJN&id=33967
Statement of Income
For the Year Ended December 31, 2009
Unaudited and Internally Prepared by Management
Sales.......................................$1,522,063.31
Cost of Sales .................................936,251.28
------------------------------------------------------------
Gross Profit ..................................585,812.03

Operating Expenses
Design Expenses................................210,726.67
Selling and Shipping Expenses..................338,565.85
General and Administrative Expenses............424,558.29
------------------------------------------------------------
Total Operating Expenses.......................973,850.81
------------------------------------------------------------
Income (Loss) from Operations.................(388,038.78)

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Statement of Income
For the Year Ended December 31, 2008
Unaudited and Internally Prepared by Management
Sales.......................................$1,154,002.34
Cost of Sales..................................472,230.75
------------------------------------------------------------
Gross Profit...................................681,771.59

Operating Expenses
Design Expenses................................283,018.84
Selling and Shipping Expenses..................352,846.56
General and Administrative Expenses............332,548.58
------------------------------------------------------------
Total Operating Expenses.......................968,413.98
------------------------------------------------------------
Income (Loss) from Operations.................(286,642.39)

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Statement of Income
For the Year Ended December 31, 2007
Unaudited and Internally Prepared by Management
Sales.........................................$439,287.15
Cost of Sales..................................314,521.48
------------------------------------------------------------
Gross Profit...................................124,765.67

Operating Expenses
Design Expenses.................................90,722.66
Selling and Shipping Expenses..................428,572.73
General and Administrative Expenses............495,666.06
------------------------------------------------------------
Total Operating Expenses.....................1,014,961.45
------------------------------------------------------------
Income (Loss) from Operations.................(890,195.78)