Music Licensing Inc (SONG)

[trader59]

Couldn't care less. If this company had a real accounts receivable of $323M against no liabilities, there'd be zero reason for this company to go public. Companies go public to get access to the capital markets, sell stock, and raise money. Why on earth would a competent business person plunk his company into a dead stinky pink OTC company and hand over part of its ownership to that OTC company's shareholders? He owns all of the private company, why give any of it away?
He says he needs to raise money. Did an S-1/A and then a Reg D offering. Seems the odds of collecting up that $323M is rather low.