Music Licensing Inc (SONG)

[trader59]

No, it isn't. Companies don't go public just to be public. That's fact. The objective is to sell stock to the public to raise money for company growth. This company did a registration statement for the stock awarded to the insiders (mainly the CEO). Once that went effective, all of that stock became free trading, and when sold into the market the company doesn't get the money, whoever sells it does.

Raising the A/S, awarding a bunch of stock, then cancelling part of that stock with relentless social media campaign looks odd, doesn't it? And everything you see is about the stock machinations, nothing to do with improving the business.

Want to know how much revenue is actually collected as cash?

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