Music Licensing Inc (SONG)

[trader59]

Yeah, "we're fixin' to get ready to prepare to consider thinking about it...."
The only thing you ever see from this CEO is new pumps about the stock, never a thing about the company. He inhabited this shell thinking the OTC was easy, then awarded gobs of stock to himself and more to the insiders. He was fluffing up his balance sheet, showing $100's of millions of accounts receivable offset by the same figure of deferred revenue, and the SEC had to tell him to stop that crap. They did that in the comments for the registration he was doing to register those gobs of stock so it could be dumped into the market. Once that was done, you start seeing stuff about some arm of NASDAQ over in Europe, then a Jamaican exchange, then suing OTC markets because the shell was bad, now suing them because they won't let him off the expert market, all while the 2.7B shares held by him and the other 750M shares held in his "family trust" are ready to sell to anybody buying. When you can't get the OTC pumpers to engage because they see the story is bad and behind it is gobs of stock ready to be sold, then you need to reconsider the story you're telling. Now he's taken to fluffing up his financials again, shows "accounts receivable" again that he knows he ain't gonna collect on, no way to know if there's any income at all.