LYRIC JEANS INC. (LYJN.PK) announced it had taken all the steps to become a Pink Sheets reporting company. It includes entering into the Pink OTC Markets Issuer Services Agreement and assembling the information as required by the Pink Sheets Guidelines for Providing Information.
During the last 3 months, LYJN was promoted a couple of times. Its stock price reached the high of $0.026 and closed on $0.025 with traded volume of over 2 million shares.
Though their recent success, LYJN stock price started moving down. Currently, the price change is -10.87%, and yesterday the market closed at $0.002. However, we can't conclude it's going to be a long-term downtrend for some of the most prominent members of the entertainment industry joined the company's advisory council.
LYJN's historical background shows that last year the company expanded its premium brand from specialty boutiques to department stores and included men's, toddler's and jewelry lines in its product range. Presently Lyric Jeans' team claim they are working hard to provide their shareholders with information which will be available on the Pink Sheets.