Music Licensing Inc (SONG)

[trader59]

$759M in "revenues" is the same thing this company was doing before that the SEC told them to stop. They showed $100's of millions of "accounts receivable" offset by the same amount of "deferred income" just to fluff up the numbers. Fact is they haven't collected on any of that crap for years and don't have the "revenue," actual cash coming in or committed to come in, as they claim. Guess the SEC will have to tell them again.
Someone/group is wash trading this stock to try and create an illusion of interest in it, and primarily so that 3B shares awarded to the insiders can be sold. The CEO had 750M shares and was always pumping the stock, hardly ever mentioned the actual business and making it better, just stuff about Jamaican exchanges, European NASDAQ's, stock splits, etc., trying to get some liquidity drummed up.