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I don’t think the platforms will release confidential data without giving us a chance to submit our counter claims
correct.
https://investorshub.advfn.com/boards/legal_ref.aspx
https://investorshub.advfn.com/boards/legal_ref.aspx
I read this is the SCAM RUN BY LYING GRIFTERS that's trying to sue messages boards like stocktwits....
I can't wait to see the outcome of that...
I agree I don’t think the platforms will release confidential data without giving us a chance to submit our counter claims once we know what we are being accused of if anything
Would be fun to brief the lawyers and let them have a fight in court to crush this madness once and forever if this is the route Jake chooses to follow
Sounds like the pink sheet sector of the OTC market is one I’ll stay clear of personally if this is what you encounter on a regular basis from both OTC company CEO’s and from some OTC players who appear to be equally confrontational, maybe for good reason from what I’ve seen ( hard for me to judge as I don’t know the history )
Just an outsider perspective
Much more fun and less stressful spending less time in court and most time crafting great music and serving music users needs however crazy some of the actions of some our more creative artists might feel from time to time
If Jake hadn’t blocked my initial questions forcing me to ask questions of others via social media and then been aggressive with his threats of lawsuits and threats to get private data of innocent social media users thereby putting his head firmly above the parapet I would never have invested the time I have done to undertake the due diligence I now have on file to brief the music industry top tier lawyers if needed if Jake does not voluntarily withdraw his lawsuits and threats against innocent people as his head is no longer below the parapet due to his own actions
Jake if you read this the ball is now in your court to keep digging your hole or to stop blocking people and put your own house in order by withdrawing your lawsuits against innocent people as a fight against the top music industry lawyers is NOT one you will win given the trail that you have left online of your mistakes and the huge resources available to big music industry players who I know well
Thanks for a perspective from somebody in the biz... I know nothing about the music rights biz. I just listen to it.
Yes... Many red flags. Thats typical for a penny stock share selling scam. It's typical for them to not provide real information, as that would ruin the story being told to sell stock to folks that themselves know little about what they are investing in. And yes... The valuation is complete bullshit.
And its unlikely Jakes suit goes anywhere...
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Buyer Beware
Pump and Dump
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I found it... Though it's inferred, I think we can add him to the list...
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Thanks for sharing,
I am neither qualified nor authorised to give investment advice and therefore readers should take their own independent and professional advice before making any investment decisions as the initial observations below are simply my own based on my limited understanding and visibility of the company and the music that it claims to own that I’m still trying to get my head round as a retired Music Executive myself who still knows little about the PRO Music catalog or the company operations despite my best efforts to follow and seek to understand the business model and its music from publicly available sources and platforms as none of my contacts I spoke to so far knew much about the company either
As Jake had claimed his music catalog was worth over $300 million I was half ( or maybe 5% ) hoping to see a detailed report by an experienced and trusted and independent and professional valuer of music rights explaining and detailing exactly what music rights PRO Music owned and how their IP rights and Accounts Receivable were valued but sadly that independent and detailed report or a summary thereof from such an industry respected profesional was not attached to the share exchange agreement as I assume would be normal with a transaction claimed to be $300 million plus in the music sector
As the professional music valuation community is a small one it would have been obvious to me as a retired Music Executive whether the report could have been relied upon after a few calls round the music valuation community to check out the credentials of the valuer
To have credibility the report would have needed to be from a top tier and respected valuer of music rights not from a back street firm doing a valuation on the cheap that has zero credibility in the music community
I am no lawyer but based on my own past experience of transactions big and small in the music, media and tech sectors I would also normally expect to see the footprint of tier 1 (or more likely good tier 2 ) corporate lawyers, accountants and investment bankers associated with a transaction claimed to be over $300 million particularly where there are minority shareholders involved and public listing issues to consider.
Indeed I wouldn’t personally consider leading such a transaction of $300 million plus myself without the input and support of tier 1 or trusted tier 2 advisors as I’m a mere Music Executive not a specialist banker , lawyer or valuation accountant
Yet here you see the footprint of a non specialist crowd funded auditor who I understand from another post allegedly has a mailbox address and small law firms without the tax, corporate, regulatory and other specialists that a big legal firm would throw at tightening up the agreements, warranties, representations and other documentation on a claimed $300 million plus transaction involving listed shares.
Again I am no lawyer but it strikes me as a layman that the share exchange agreement is missing important whole sections such as (most obviously) a list of definitions of key terms used in the agreement such as “Assets” and is poorly drafted with what appears to be at least one key typo even I can see as a non-lawyer on my brief read through with few tightly drafted and tailored warranties or representations from either party which often implies poor pre-transaction due diligence by both parties or poor selection of advisors by both parties.
For an acquisition of a claimed $300 million plus music company the agreement and supporting documentation seems to me to be particularly loose on intellectual property rights and owned IP assets which the good IP lawyers and IP accountants and IP investment bankers I worked with on transactions in the past would have tightened up on as that’s the first thing many experienced investors in a music business look for as third party valuations by respected professionals can be relied upon much more than internal valuation reports or valuations by amateurs
Turning now to my brief read through the share exchange agreement
Based on my own experience in my humble opinion as a non lawyer the signed share exchange agreement here is more normal in a transaction between two entities both wholly owned by one common shareholder owing 100% of both companies or for a much smaller transaction than the $300 million plus valuation claimed by Jake
But maybe this is normal for the OTC market I just don’t know as I normally wouldn’t even look at an OTC company as most independent music companies I tend to look at these days are privately owned as there is a lot of experienced private money available from experienced IP investors with deep pockets who really understand IP and creative companies and who not only help fund but also help grow good private IP based businesses with strong management teams who also understand IP and their craft as well as their limitations and know when to ask for help from their more experienced investors
Sadly as expected, in summary, in my humble opinion the share exchange agreement is just another document signed by Jake as CEO of both companies albeit with sign off by the individual shareholders of PRO Music that sheds little light on my understanding of the fair valuation value of PRO Music at the transaction date or even today
My current understanding is that as well as being CEO of both companies Jake was also the majority shareholder of both companies prior to the transaction date and that his shares in what became SONG were only transferred to his family office at a later date somehow
Interestingly Article 2 names the directors of PRO Music who deemed the transaction to be advisable and in the best interests of PRO Music and its shareholders but article 3 does not name the directors of NUVG who deemed the transaction to be advisable and in the best interests of NUVG and its majority and minority shareholders to consummate the transaction
My current understanding is that Jake Noch was the CEO and sole director at the time and assume the Officers and Directors equivalent of section 2.13 would have been included in an earlier draft of Article 3 as it seems strange to list the directors in Article 2 but not in Article 3. Who else but Jake would have asked for this clause naming him as the sole director of NUVG to be deleted from Article 3 ?
Unfortunately the share exchange agreement and other filings I have seen so far personally get me no closer to understanding what is the fair value of PRO Music at either the transaction date nor today and I would probably need to see the details of an independent valuation report from someone I trusted before making such a judgement as sadly I’m just not finding the information I need to ascribe any significant value to most of the small percentage of the 2.5 million music tracks the company claims to own that I have listened to so far
And the other rights more recently at or above market value acquired seem to be small from what I have read about so far
I may just be looking in the wrong places or may have just misunderstood things and would love to be shown what I’m missing or misunderstood
A valuation based on simply applying the share price of NUVG prior to or immediately after the transaction date to the 3,500,000,000 shares issued to former PRO music shareholder is in my humble opinion meaningless given the new shares totally outweigh the number shares in a penny stock in issue prior to the transaction date
Sadly I am still drawing a total blank on understanding what music rights the company actually owns from what I have read so far and will not be investing personally or not until accrued revenues have turned into actual recurring revenue streams without needing to sue the customer base and the company takes steps to build better relations with all of its stakeholders
My current personal valuation of the company shares is much closer to zero than $300 million for sure given the $12 million annual basic salary Jake awarded himself which quickly eats into any IP valuation alongside the modest operating cash flows from the music catalog since inception
But that’s just my humble opinion based on what I have read so far and could be totally wrong as other people here know the company far better than I do
I sincerely hope that Jake takes my advice and considers commissioning a good and respected tier 1 music valuer to independently value his current IP rights to start to build trust in the investment community assuming of course that he does own the music rights that he claims - just get a top tier firm to do the job and not a cheap firm without the experience or reputation to be taken seriously
I also trust that Jake will reflect and also immediately withdraw his request social media sites to provide confidential information of 350 people including myself who are asking genuine questions about a public company and offering up genuine advice that Jake may or may not wish to take
If a Jake wants to fight 350 social media users including myself and receive 350 counter claims he really has to immediately withdraw his fishing request to get our personal and private details from social media platforms without our express consent as genuine people such as myself who are asking genuine questions of a Public company and it’s CEO will not hesitate to unleash our own top tier litigation lawyers with counter claims to protect our own brands that Jake is damaging by not withdrawing our names from his list
He could be paying a hefty amount of "dues" to be allowed to keep a photo like that on the open net. It is the ultimate sign of disrespect for someone like Jake to pretend to be one of them. I don't think Jake is one of them in the sense he grew up with them and hangs out with them per se. I think he is more a laughingstock outcast that probably pays a lot of "dues" to keep that photo and claims on the open net. If these kids today operate anything like things did back in the day, and I'm guessing kids today aren't all a bunch of wusses, he simply isn't maintaining status without paying them a ridiculous amount of cash. Back in the day, those were called bread boys. What makes you think that there aren't drugs in prep schools? And what makes you think Jake wasn't the one who came up with them? In his own twisted mind, like Epstein, the bread boy thinks he is very cool. Very little hits the news about the rich and powerful. But let us say most are nothing like the public image they portray. The Jeffrey Epstein escapade and Orchids of Asia Robert Kraft stories being among them. During the Bill Gates divorce, the wife just mentioned she was certain he spent a night with Epstein to negotiate and speed up her divorce settlement and that worked out very well for her. Look at the trends in Noch's behavior. My honest opinion is very erratic and just plain stupid. It seems to me he is desperate for large sums of cash. Shit for brains and way over his head while going far more overboard than others do. There probably are a number of people around him, spending very limited time (as little as they can) with him, letting him think they are his friends, manipulating him and taking his cash.
Jake is not a blood gang member. He's never been in a gang and he was never a drug dealer. It was just something he made up to push his rap career. Now it haunts him as evidence that he just makes things up about himself on the internet. His teenage years were actually spent at a few different private schools.
Look at that picture again. The bird prints hanging on the wall and his mom's favorite suitcase.
I think this recent twitter post says it all:
$SONG pic.twitter.com/tthQxtojyJ
— Bearkiller187 (@potcoinninja) May 8, 2024
Were the crips and bloods subpoenaed too? Shareholders would be the last ones I'd expect to make threats to the Noch family given the circumstances. He is widely pictured on the net giving the sign for "killaz" and proclaiming he is a blood gang member. Whether or not he actually is, the crips don't know this. That would catch their attention. It's like a Hells Angels wearing their colors cruising through the Mongols' territory. It usually isn't looked fond upon. And if he is not a blood, the bloods would take offense to someone claiming to be one of them that isn't and the crips would still hate him. I can't put on a Hell's Angels jacket and cruise down the highway. It would not be removed from me in a gentle manner because I was never initiated. And if he is a blood, maybe they are pissed he is not giving them enough shareholder money anymore and that was the reason they took him in in the first place. They may now want to shake shareholders down some more. Back in the day, once you start paying the mob protection, you don't get to option out. I don't imagine the bloods operate any different. There are a lot of angles to this. But I have been saying the whole thing does not add up. Whether or not he is an actual member, is irrelevant. They would be the ones making the threats for the above reasons and a whole lot more I don't have time to write. Jake the Snake should be subpoenaing these gangs.
Consequences incoming stat
He's been getting away with this shit for a while now, without much for consequences. Time for him to face some.
The real gagsters in the pokie would have a field day training with this wannabe. Starting at the bottom.
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Honestly, it's almost like he wants to go to jail.
He has officially played too many games. He does not know how the legal system works and because of that signed himself up for a lawsuit. I hope you like it Jake.
Let me guess... He's trying to cover his tracks.
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Word is that Jake absolutely F'd himself today trying to cheat the system he doesn't know how it works.
It's on now.
$SONG: JAKE NOCH "STREISAND EFFECT" LMAO !!!
I'd nail your ass for defamation of rattlesnakes!!!!
Wooo-Hooo! I made the list! 😂🤣
I haven't read through this yet... But this may provide some info. And I see the AS was increased to 20 billion just days later.
https://www.otcmarkets.com/filing/html?id=16029403&guid=zBQ-kHlLxdifJth
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I just took a gander at the news section for song @ OTCMarkets.... And Holy CRAP! There is a shitload of'em.
Lol
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11-2024-CA-000814-0001-XX
1 04/18/2024 0 Other Circuit Civil
2 04/18/2024 0 Civil Cover Sheet
3 04/18/2024 0 Complaint
4 04/18/2024 0 Standing Order - Circuit
5 04/19/2024 0 Paid $422.50 on receipt 1445169, Fully Paid
6 04/24/2024 0 Notice Of Intent To Serve Subpoena
7 05/01/2024 0 Receipt Revised
8 05/01/2024 0 Receipt Number 1445169 had a refund of $20.50 amount sent to Transnational Matters, PLLC
9 05/01/2024 0 Paid $402.00 on receipt 1445169, Fully Paid
10 05/01/2024 0 Subpoena Issued
11 05/03/2024 0 Notice Of Intent To Serve Subpoena
12 05/03/2024 0 Notice Of Intent To Serve Subpoena
13 05/03/2024 0 Notice Of Intent To Serve Subpoena
14 05/03/2024 0 Notice Of Intent To Serve Subpoena
15 05/03/2024 0 Notice Of Intent To Serve Subpoena
16 05/08/2024 0 Subpoena Issued
17 05/08/2024 0 Subpoena Issued
18 05/08/2024 0 Subpoena Issued
19 05/08/2024 0 Subpoena Issued
20 05/08/2024 0 Subpoena Issued
21 05/09/2024 0 Subpoena Issued
https://cms.collierclerk.com/CMSWeb/#!/casedetails/U7IsW3dDJtj~2FBP5r4GrdUzLDoTwGgmbUAkgJgmt0UJ2Wyp9TUON9FquxMaFK~2FgPhwN4KGdDc1r3ZjhXS7gZ6yg==
I haven't dug into that... So, I don't know.
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I see from the link you circulated that following the change of majority shareholder, NUVG acquired Shares Of Pro Music Rights Class A & B Common Stock From The Jake P. Noch Family Office, LLC on 08/15/2022 with a cost basis
of $382,405,108.25.
My initial thought on reading was wouldn’t it be interesting to see who signed and approved the sale and purchase agreement on behalf of NUVG and what representations and warranties did they seek from the majority shareholder The Jake P. Noch Family Office to fulfil their fiduciary duty as directors to protect the interests of minority NUVG shareholders and what due diligence did the board commission to satisfy themselves that the purchase price of $382,405,108.25 was indeed a fair purchase price ?
I then see online that Pro Music Rights, Inc. announced Jake P. Noch as new CEO of Nuvus Gro Corp (OTC: NUVG) on July 21, 2022 just a few weeks before NUVG acquired PRO for $382,405,108.25.
Am I also right in presuming that the current valuation of PRO Music Rights is now closer to $382 or $382,000 than $382 million ?
35 10/16/2023 0 Order of Dismissal Pro Music Rights Inc, Jake P Noch Family Office Llc Recorded 2023-10-19 Instrument# 6466085
https://cms.collierclerk.com/CMSWeb/#!/casedetails/U7IsW3dDJtj~2FBP5r4GrdU06FJyGRKXzQ~2FP6026r~2FBPGbYY0wtbIbBSULVC4HaHaonchLRuC8~2FVu0r3Ni1pqhEA==
Bingo - you da man !!!
Bingo - that's the one?
I believe that may be the one in my post after that.
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Countersuit td ?
OTC Link llc vs Jake
https://drive.google.com/file/d/18RZVggjDKcCFqx4u7fsqg7OUkHHEzayt/view
Search term: OTC Link llc
https://cms.collierclerk.com/CMSWeb/#!/
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Here's Jake vs OTCMarkets arbitration:
https://www.otcmarkets.com/otcapi/company/financial-report/352857/content
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the current action is more than a demand letter. it was filed in court and subpoenas issued. they also went to stocktwits, google, wordpress, and 2 to X. my guess is that once jake figures out that his lawyers don't stand a chance in hell, the suit will be withdrawn. if it isn't, it's going to get very expensive for jake.
NOT WORTH CHEAP BOWL OF SOUP n FREE HAIRCUT !!!
it should be noted that if ihub felt compelled to release personal information, they would first notify the user and give that user the opportunity to quash.
Anyone know anything about this?
https://x.com/BasileEsq/status/1788914545940926511
Folks on Jakes list might want too check out the Public Citizen link in that link as well.
https://www.citizen.org/article/internet-free-speech/
https://www.citizen.org/topic/justice-the-courts/case-library/?s_tax_case_topic[0]=112&s_tax_case_topic[1]=113&s_tax_case_topic[]=114
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i know, right? whatever jake paid for that nonsense was too much.
They threatened to file a complaint with the Better Business Bureau....
Lol.
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they will respond to the court appropriately.
https://investorshub.advfn.com/boards/legal_subpoena.aspx
What is ihub doing this time?
in 2019 he tried a demand letter. ihub said no and that was that.
https://www.dropbox.com/s/heyly8v5nq2v90g/iHub%20Letter.pdf?e=4&dl=0
I find things highly peculiar: 1). Would not the initial step be to report the threats to the FBI and additional law enforcement authorities and let them handle any subpoenas quietly rather than alert the alleged perpetrators and give them advance warning? Would not this be the logical, prudent, and effective method to handle this? It seems broadcasting it all over the internet is counterproductive to the stated goals. 2). I am not an attorney but if I go to court I always write my own court documents and then compare them with the attorney prior to filing so relevant material, legal points, or strategy are not missed. I would not go ahead and ask for these subpoenas if law enforcement did not find these threats credible in the first place. However, assuming I was going to take this additional step against my own better judgement, I always use exhibits prominently to support my court documents. I find it highly unusual there are no exhibits. My initial exhibits would have been reports to various law enforcement authorities. I then would have immediately followed with exhibits documenting and evidencing these alleged threats. Again, I have no legal "training" but that is how I handle things and how my thought process works. I do not even see any evidence of a sworn statement by anyone of these alleged threats.
Am I missing anything?
I look forward to anyone's thoughts, ideas, comments, or criticisms. Thank you.
I hope no one is taking offense. But I am finding this Jake individual a very comical character, essentially to the point, I find it almost hard to believe he exists in real life. This is great comedy to me and I wonder how everyone from his attorneys, to the rapping gang members, to any of his associates hold back the laughter when talking to him, and dealing with him, and his insipid requests and antics. It's embarrassing too for them really. I haven't laughed this hard in a while. I would love to meet the individual who did the podcast interviewing him and ask them how they kept a straight face throughout that interview. I would have broken completely and burst out laughing in the first few minutes. I've got my buy orders in.
In the two videos he blames OTCM for not allowing the TA to update, then admits he has strategically allowed the TA to make updates 1-2 times to reflect the share retirements. Of course, he was busy selling ~750M shares from his accounts.
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