Music Licensing Inc (SONG)

[cruecu]

Maybe Jake will get better the next time he tries to run a ticker. But the track record says probably not.

[horst]

Yep, accounts receivable for royalties,which are then payable to artists/songwriters/publishers, aren't the kind of "assets" that should bring any real value to shareholders. As a PRO, the company collects and then distributes royalties to rights holders. The company should take just enough of a piece of the pie to cover their administrative costs, but PROs should never be oozing in profits for shareholders, no matter how much they collect in royalties. If there's much of a surplus, it means they're not paying out enough to rights holders. NUVG is taking a tiny percentage, so they're acting responsibly in this regard. But it's disingenuous at best to PR income related to royalties as "shareholder value." Once collected, the vast majority of royalties are distributed: that's the entire point of a performance rights organization. That's why NUVG only lists revenue as $35K and a net loss of -$54K on the latest financials. The reality is they're barely skimming anything off the top from these royalties, which is good for rights holders, but it also means there's no shareholder value to speak of. Since the contracts and terms are in place already, they won't change the biz model, which means they'll probably start selling shares to make up their shortfall.

ASCAP and BMI are both not-for-profit, because there shouldn't be a profit motive for PROs.

[trader59]

Nothing like these $8-9 trades to move the PPS around.
Must be a whale.

[trader59]

Yeah, nobody's buying that crap about a company with purportedly $100's of millions in "accounts receivable" wanting to "go public" in the first place and doing it by merging into a dead stinky pink shell. Why'd they do that if they really have all that money coming in? Why didn't they just keep it all for themselves.
Their pumping is falling on deaf ears, and the past history with IFLM and other tickers is keeping the whole of the OTC away.

[SubPenny0001]

Pro Music Rights announces to go public via a Reverse Merger with Nuvus Gro Corp (OTC: NUVG) on August 15, 2022
Any details?

[elmasry]

News this morning book value is 12.5 cents

[cruecu]

They’ll bounce it at some point but who knows what it will take.

[trader59]

OK, you're right, that wasn't helpful, but I think based on previous history, the OTC is pretty wary about participating in the story/narrative. Have to admit the performance is consistent with that previous history.

[cruecu]

I care about price action. Clearly no one cares about this at all right now. It’s really as simple as announcing the AS raise while everyone was interested in trading your ticker. Just dumb. I don’t care about the revenue because it’s all BS.

[trader59]

I read the twitter feed again, CEO is tweeting away after the award of 3.5B shares based on a value he and the company established for themselves. Thing is, nobody's going to buy the alleged $400+M of accounts receivable and $1.5B of alleged revenue coming in over the next 5 years with a paltry $35k of real revenue showing for a quarter, and even if the AR and projected revenue were real, it would be unbelievable the company wanted to go public in the first place and has been looking at stock offerings and loan arrangements for cash. On top of that, the history with IFLM and NSAV and others is bad for credibility.
When the OTC won't help pump the numbers, should be a clue the narrative won't sell.

[cruecu]

This was a masterclass in how not to run your ticker.

[trader59]

Yeah, about $35k of real revenue and $400M of accounts receivable they still have not explained what they are and how they're going to collect, this after losing those big lawsuits against the streaming services (likely the same "receivable").
And, as expected, handed out over 3.5B common shares to the "owners" of the company based on a whipped up value they established themselves. Nobody buys that crap.

[PennyPusher786]

https://www.otcmarkets.com/filing/html?id=16029403&guid=At1-kKWw1swqJth

Plan of Operation
While we have generated revenue from operations, such revenue does not appear to be recurring and various downstream customers have failed to continue payments under their respective agreements. As reflected in our audited balance sheet for the period ended December 31, 2021 and 2020, our accounts receivable are $323,387,126 and $107,281,764, respectively, and deferred revenues of $323,387,126 and $107,281,764. Our plan of operation for the 12 months through August 2023 is to continue growing our business in the United States by seeking (i) partnerships to grow our repertory, (ii) songwriters, composers and publishers to contribute musical works to our repertory, and (iii) downstream customers to enter into per location or per service licensing agreements with us. We further intend to seek collection on the outstanding accounts receivable. While the Company intends to minimize its operational expenses, the Company has a good faith belief it can monetize certain accounts receivable through the fiscal year end of December 31, 2022. If the Company is unable to collect a significant percentage of its outstanding accounts receivable by December 31, 2022, the Company will likely have insufficient funds to continue its operations, expend resources on marketing or advertising, and otherwise maintain its information systems. Lastly, in such event, our songwriters, composers and publishers may seek to rescind their grants of public performance licenses or otherwise terminate their agreements with us, substantially impacting the Company’s ability to operate as a going concern.

[ANTI-BAGHOLDER]

It’s out. Over $400 million in accounts receivable, and “differed” revenue.

[jjr04001]

The last time I played on earnings news, the earnings were good but the stock price tanked. Hoping this will be different.

[PennyPusher786]

Earnings report tomorrow right?

[jackson73]

Agreement closed to go public. very nice

[swampboots]

NUVG .12 up .04.

[Cronussaturn]

?? $NUVG

??0.0600
Pink Current, AS: 5.0B, OS: 66M, US: 13M

News Published:
Pro Music Rights, Inc., one of the world's largest music licensing companies, announces that it is closing on the agreement to go public via a Reverse Merger with Nuvus Gro Corp (OTC: NUVG)
Update: 2022-08-08 14:12:04 (UTC)

[BRATTLECAM]

Between you, I, and the fly on the wall.........Acquisation of GAB[30 Million Co] by GRLT is going through................

[Freemoney1]

Wow really. No volume crash down. Best need to get some shit moving and turned around

[mplscubfan]

Nice news! On the launchpad!!

[LoveItInBishop]

Huge news Nuvus Gro Corp (OTC Pink: NUVG) Announces Name Change to Music Licensing, Inc. https://ih.advfn.com/stock-market/USOTC/nuvus-gro-pk-NUVG/stock-news/88711201/nuvus-gro-corp-otc-pink-nuvg-announces-name-chang

[Awl416]

Nuvus Gro Corp (OTC Pink: NUVG) Announces Name Change to Music Licensing, Inc.

How lame is Jake to not even name it Pro Music Rights

With his so called 400m valuation you’d think he would be proud….

Oink oink

[GmanCaddy]

Only 11K shares bought, the rest dumped by Noch, depressing

[GmanCaddy]

This POS scam is totally dead, that was fast

[GmanCaddy]

POS Noch constantly dumping 40 - 50K on the ask, what an *ss F&ucker

[The Whale]

I love salmon...so yummy.


$NUVG

[GmanCaddy]

And now zero volume and race to no bid, yeah this company sure looks real alright (eye roll)

[BRATTLECAM]

Not nervous,however do have a whale of a equity for you....Nice butter pretzel with smoked salmon,creme cheese and capers..Scrumptious

[GmanCaddy]

Scumbag Noch at it again, this guy should be in prison

[GmanCaddy]

Going under .05 today

[Peanutbuttercup]

??

[trader59]

Here's a fun fact...

According to the 1-U, Jake Noch took control of NUVG by buying 37,900,000 shares from the former acting CEO, Sam Talari.

https://www.otcmarkets.com/filing/html?id=15961418&guid=cTk-kno1-ld-B3h

According to the company's last annual report, Sam Talari owned 44,941,214 shares personally and through a company he controls (Harvest Fund).

https://www.otcmarkets.com/filing/html?id=15927014&guid=cTk-kno1-ld-B3h

That was for period ending 3/31/22. That means there were just over 7M shares left in Sam Talari's possession. Sam Talari is no longer an affiliate of the company, and has met the required holding period of rule 144. He has not sold the stock as of 7/25 according to the published data on OTC markets, but would have no restrictions should he choose to do so.

There's an additional 10M shares of restricted stock unaccounted for in their financial reporting.

[trader59]

Yeah, right...
He thinks his company is worth $400M, claims over $400M of accounts receivable, yet is getting loans to pay the bills. Wonder why? Wants $400M of stock from the company to "buy" it.
Really doubt the flailing around makes for a good OTC pump...

[jackson73]

Agreed

[4TRESS]

Who would like a F/S raise hands

$NUVG we could look into this if Shareholders would like us to
Quote Tweet
millionmilemary
@millionmilemary
· 1h
Replying to @ProMusicRights
a foward split would be sweet too

[GmanCaddy]

And back to red, hope y’all dumped like Noch is doing non stop

[LoveItInBishop]

Nice rebound!!!

[jackson73]

lol from low 07s to now .11s

[LoveItInBishop]

Merger confirmed, gift shares today

[LoveItInBishop]

Nice bounce so far

[GmanCaddy]

Noch is such a scumbag he will issue all to himself and dump to no bid guaranteed

[Musicman99]

Who cares? Hype is gone. Your average trader just sees dilution, even if there is none.

[RAlbert]

why not? The merger is confirmed and they appointed CEO to their board. The worry is 5 billion AS which is approved recently. it doesn't mean they are going to issue all AS.

[GmanCaddy]

This POS Noch scam will never see .10 again, F’er stole all our money

[LoveItInBishop]

lol

[Musicman99]

Why? I placed order for .02 , probably let more likely to reach there.

Should fill very, very soon.

[LoveItInBishop]

grabbed a bunch down here

[willlbone]

Bid 25 cents.