posted
I think Lyric Jeans has the potential to become a very successful company and if thier products do take off with the right crowd then this current price will be history.Sure it's risky,but if you time this out right and their product is highly successful then the rewards will be huge,
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"Based on that information the the authorized common capital stock would be 3,333,333 ...."
Purl Gurl writes,
I agree but a problem comes about.
Based on daily average volume, more than the authorized amount has switched hands over the past three months worth of market business days.
***
JHenry, I have looked around, searched, checked Florida. I cannot find anything on share structure.
I did find an article by Gary Grobbel over at the Silicon Investor board. Gary has been around for years and is completely trustworthy.
Gary contacted IR at Lyric Jeans, in part, Gary writes about what he was told,
"Company told me 60m out and they were going to hold that at least thru introduction of jeans nationally...with 3.5m flt."
(60 million authorized) (3.5 million float)
Those numbers match with known facts but in a rather odd way.
The 60 million matches up with my discovery of the vice president, cannot think of his name, the lawyer who defaulted on student loans, he received 60 million shares when the Universal Media shell was bought.
Universal Media appears to have been a pump and dump operation.
A billion shares authorized, the 1 for 300 reverse split, this matches with Gary reporting a 3.5 million float. However, this suggests all of the reverse split shares are now out on the markets. This does not seem quite right.
Nothing else I could find on share structure.
My best guess is those 60 million shares were somehow exempt from the reverse split. Exactly how, I do not know. A loophole of sorts, I guess.
Could be Lyrics Jean is mistaken but this is unlikely because of all the lawyers involved.
I will assume 60 million in company hands and 3 million in the float.
This still presents a serious conflict. The entire float amount has turned over in the past ninety days. This is most unusual.
Additionally, volatility is much too low for such a low float.
I truly have no clue on this company, this is, as to financials, share structure and all that.
On the surface, their product idea is not so bad. They do seem to be moving forward to market their product. I am not so sure an internet retail market will turn much volume.
A couple of problems exist. A woman usually will not buy clothes which require a fit to her butt. Shirts, undergarments and the like, this is no problem. However, when it comes to stretching a pair of jeans over our butts, we want a dressing room and some axle grease.
Other problem is, if a young teenage market, most teenagers prefer shopping at malls, in person. There is a lot of competition out there. Money will be parent's, of course. If these jeans are as high priced as believed, I am not so sure parents will part with money during these harsh economic times.
I have some doubts about this company.
Might turn out to be a pump play but I do not think so, at this point. Lots of pumpers have been working this since my first mention weeks back. Tiny run up followed by a resumption of the downward trend.
There simply is not enough known about this company to attract serious traders who hold serious money.
posted
I think the idea has legs as well.. Kids are eager to show who they belong to... Much like Hindus and the specific deity they worship.. But this idea is proposed by a horribly capitalized pennystock company with little more than a website oriented towards attracting money hungry thirty something males.. All the tells of a share selling scam..
-------------------- Spend word for word with me and I shall make your wit bankrupt
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posted
I think when these jeans get plastered all over the media, young women will be scarfin' these bad boys up, whether or not they're only available in the E-store.
Will be watchin' this .30 area - holding up so far - may be bottom. Market bounce is helping as well.
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posted
Hit .40 today on much better than average volume.Somebody made nice on this if they were fortunate enough to catch the bottom today.
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posted
That alone means the stock is a scam... Advertising the company to pennystock investors and not customers is numero uno in the crimminal CEO's handbook..
-------------------- Spend word for word with me and I shall make your wit bankrupt
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posted
If you don't like it or think it's a scam,it's simple,,don't buy it,,I could care less,I like the company and have shares.So am i biased? you bet!!
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posted
LYJN (.37) *********.com is Proud to Announce That We Have Recently Been Hired to Create a Direct Mail Campaign, a STOCKUMENTARY for Lyric Jeans Jun 19, 2006 3:48:00 PM 2006 PrimeZone Media Network
AUSTIN, Texas, June 19, 2006 (PRIMEZONE) -- *********.com is extremely pleased to announce that we have been hired by a third party shareholder (Starr Consulting), to create a massive awareness campaign for Lyric Jeans (Pink Sheets:LYJN). This awareness campaign will contain an Interactive CD ROM with video of Lyric Jeans and the opportunity that is available for investors. This will be delivered to hundreds of thousands of investors via direct mail.
The reason the STOCKUMENTARY was chosen to introduce Lyric Jeans to investors, is because the STOCKUMENTARY is the first of its kind to connect investors with publicly traded companies in a very personal way. No other investor relations firm offers this type of interaction between the public company and investor.
We have finished the Lyric STOCKUMENTARY and it is in the process of being distributed to investors. We look forward to receiving any feedback from investors on how we can improve the STOCKUMENTARY. You can email us your thoughts at: info**********.com
About *********:
********* is a company that is pioneering a new way to research companies before you invest them. It's called a STOCKUMENTARY. A STOCKUMENTARY is a documentary on a publicly traded company. Imagine a Dateline NBC segment, but on a publicly traded company. We are the first company to ever bring this type of quality research to investors in this format.
The STOCKUMENTARY has video interviews with management, product demos, video tours of office or factory, research reports, SEC filings and much more. All of this is delivered to investors in high quality video, either by mail or email.
*********.com is owned by ********* Research Group Inc. (SRGI) and is an independent electronic publication committed to providing our readers with factual information on selected publicly traded companies.
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We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission ("SEC") at www.sec.gov and/or the National Association of Securities Dealers ("NASD") at www.nasd.com. The NASD has published information on how to invest carefully at its web site.
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posted
LOL...any reference to Stock Wire has been *** out by Allstocks. Sad. For better or worse, people need to know who's promoting whatever stock they're looking at or interested in.
Here's the link to the Stock-Wire profile....very well done. Can't wait to see these jeans in production.
posted
"From time to time SRGI sells shares in the open market it receives as compensation for coverage of client companies....This should be viewed as a conflict of interest by shareholders....
STOCK WIRE Research Group...purchased...three million shares of Lyric Jeans....We were also paid two hundred thousand dollars....We have also purchased two hundred thousand shares...."
Incidently, that is share holder money being spent.
posted
"Stock Wire Research Group, Inc. purchased in a private placement, three million shares of Lyric Jeans, with an eighteen month leakout agreement"
Shows a lot of confidence for Stock Wire to accept shares that they cannot sell for 18 months Obviously, they believe in LYJNs' longer-term outlook.
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posted
Readers are politely urged to research, read and learn about a "lock up" agreement and a typical "leak out" agreement.
Bullzebob, what are the terms and conditions of that leak out agreement?
I do not know. I am curious how you know.
Readers will often find this stereotypical statement in agreements of this type,
"The Board of Directors can waive the provisions of this Lock-Up/Leak-Out Agreement, in its sole discretion...."
None but insiders know the terms and conditions of that agreement. Caution is advised when a person claims to have insider knowledge.
Nonetheless, this is insignificant compared to a pump and dump operation owning an amount of shares virtually equal to the authorized. This suggests the pump and dump operation owns more shares than the entire public float.
That would concern me, greatly, especially knowing the pump and dump operation actually owns a total number of shares greater than the authorized number of shares, based on company information released.
Are there hundreds of thousands of shares in the hands of the pump and dump operation which are common and free to trade?
posted
A 'leakout agreement', from my experience and observations, refers to a freezing of the sale of said shares by the receiver for the stated period, which is great news for LYJN shareholders. The reciever(s) must fulfill their contractual obligations for that period in order to sell at the conclusion.
Good question, though - keep up the good work! We all appreciate your interest in LYJN
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I should've remembered - It's a 'lock-up' agreement that restricts ANY sale of shares for a given amount of time.... A 'leak-out' agreement allows for a limited, specified amount to be sold within the stated period. That amount was not provided in the profile by Stock Wire, however.
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