Baosheng Media Group Announced Public Listing Of $33.41M In Long-Aged Receivables And Prepaid Assets, Appraised At $1.26M With $1.26M Initial Transfer Floors; No Purchaser Selected
https://www.sec.gov/Archives/edgar/data/1811216/000110465926100823/tm2623916d1_6k.htm
Baosheng Media is selling old money it's owed (receivables) that were worth $33.41M on paper, but experts say they're really only worth $1.26M. This shows the company might have had trouble collecting what people owed them, so watch whether they can actually find a buyer and at what price.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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