Replies to post #9687 on Music Licensing Inc (SONG)

[lucky, mydog]

paul ring

[Dragon Lady]

$SONG: $BILLION (cough) "REVENUE" PROBLEM ???

Bigger WOW as to the ole bullshit "Receivables" and "Revenue" lines if you ask me - makes the salary "problems" look like Jake's Romper Room training sessions to me :))

Also as to this accountant dude ONE MAN SHOW ole Amjad N. I. Abu Khamis...."signing off" on them filings - has ANYONE ever ever ever seen a "company" (cough cough - must have a dog hair stuck in my throat this AM) - ANYONE ever seen "Revenues of $1 BILLION or more" and literally done it from $ZERO to $1 BILLION in a 12 month period...

BUT BUT BUTT - them ole "Revenues" (cough cough - dang throat again) seen them "Revenues" or ole Fugazi or smoke on the water or a desert mirage or smoke gets in my eyes....."Seen" them (cough) OFF-SET BY ALMOST EXACTLY THE SAME $1 BILLION IN "DOUBTFUL" accounts Bwaaa ha ha ha ?????

What the hell is REALLY going on here boys n girls....????

A $zero to $1 BILLION COMPANY - is would be the stratosphere of THE NASDAQ or the NYSE and I'm not even sure one exists in history as I'd have to go back and see IF even Amazon or Google or "Insert legendary name" here even went from $ZERO to $1 BILLION PLUS revenue in a single year of starting up - my memory and "guess" tells me NO that it's never ever been done ???

IF IF IF a "company" went from $ZERO to $1 BILLION PLUS IN REVENUE we WE we would be reading about it plastered on EVERY financial page and financial new source not only in the USA but freaking world-wide : CNBC wall-to-wall coverage, Wall Street Journal full sized front page, Bloomberg and 50 other major REAL "news" outlets - it would go down in the history books of American Capitalism legend and be taught at Harvard biz school etc !!!!


Google: I think 3 yrs in they were doing about $75 mil in revenues from start-up to 3rd yr ?

Amazon: I think their first year of revenues was $15 million or so in 1996 ? By their NASDAQ IPO of legend - Amazon we doing I think approx 6 months after that IPO and huge cash raise they were at like $147 million revenues in 1997 and Amazon has one of thee single steepest hockey stick revenue growth curves in ALL of USA biz history.

It's taught in every major biz school MBA program on planet earth ! Even adjusted for inflation - Amazon NEVER did anywhere close to $ZERO to $1 BILLION in revenues and not even close to that !!
SOoooooo:

https://www.otcmarkets.com/filing/html?id=17304704&guid=40Q-kqzm3kn4B3h

Page F-4 aka "SONG Financials" aka "Balance Sheet"

Yr 2022 Accounts Receivable: GOOSE EGG as in $ZERO

Yr 2023 Accounts Receivable: $1,052,175,309

Yr 2023 Allowance for Doubtful Accounts: ($993,632,492)

AND entered on their Page F-5 "Income Statement"

Yr 2022 Revenues: $ZERO no entry

Yr 2023 Revenues: $1,052,175,309

IF I had to make a "Audible call" here ON THE FIELD OF PLAY - I'd say we're looking at COOK BOOKED INC boys and girls.....SCAM-O-RAMA on roids !!!

NEVER or "rarely" in the history of every famous company in USA capital markets history has there been a strart-up STINKY PINKY too boot that like not a race car but more like a sounding rocket or hypersonic top secret military plane gone from $ZERO to $1 BILLION in a one yr period....NO...and HELL NO !!!

THAT is an "issue" (cough - dang throat) a "Mucho Problemo" a lil Spanish lingo....a problem.... I'll be sending on to THE SEC and NO the bullshit "But but but - we put in that ole DOUBTFUL ACCOUNTS" ole thingy in there because THEY STILL PUT IT ON THEIR REVENUE LINE and that is for the sole purpose to COOK THEIR MASSIVE REAL LOSSES into POOF I Dream Of Jeannie just "blinked" in oh....say....abouts $46 Ma Ma MILLION in supposed good ole "Net Income" pulled in from the thin-air and/or pulled OUT OF JAKE'S ASS !!!

I "think" there's a reason Jake FOUND LIKE MAGIC this "dude" ole Amjad N. I. Abu Khamis bum F New Hampshire via way of Palestine and the UAE as their sole "Accountant/CPA" who signed-off on these "financials" term used VERY loosely....yes indeed...that's what me thinks.....:))

Was it a "Twitch" or a "Blink" that POOF uh (cough again) "created" them there $1 Ba Ba BILLION in ole "revenues" as I'm just having a hard time deciding LOL :))