Music Licensing Inc (SONG)

[trader59]

There was $432M of accounts receivable as of this report (later corrected):

https://www.otcmarkets.com/otcapi/company/financial-report/344114/content

So, $65k collected out of the $432M...
I fully understand "accrual accounting," but it doesn't give license to book $100's of millions of "revenue" only to see $65k in collections. There's a fiduciary responsibility to only show what you expect to collect, and you can't say you expect $100's or even $10's of millions when the track record is less than $100k.