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This sounds familiar:
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26058
SONG:
- Fake revenues
- Fake offering for usage of 2.5M songs
- False claims on social media
- Etc
This is going to be good.
Dont worry, I did not forget anything. I am speaking with them directly not just reports online. Are you? Hopefully the same people.
$SONG: DO NOT FORGET FAKE AS SHIT $BILLION REVENUE !!!
When speaking to The Sec as I am - do NOT ever forget to explain "at length" the completely fabricated and criminal fraud FAKE AS SHIT $1 BILLION plus in "claimed" fraudulent "revenues" - it's a major crime as DIRTY JAKE NOCH "bought" himself an obscure "auditor" clown to sign-off on same.....it's criminal level accounting fraud.....
I said it prior and will say it again.....IF...if if if if IF insert 10,000 more IFS.....IF this ONE BOY RUN SHIT HEAP had a legit "revenue ramp" of $ZERO to $1 BILLION in a lousy yr of fantasy "streaming revenues"...... he'd literally have EVERY VENTURE CAPITAL FIRM and EVERY MAJOR INVESTMENT BANKER on planet earth beating down his momma Regina Noch luxury crib door in Naples FL.....
It would be a bigger and faster revenue ramp than freaking AMAZON literally......DIRTY JAKE has committed many crimes here....and that accounting fraud hustle while being a supposed "Listed stock" aka NASDAQ is going to get his skinny gangsta wanna-be ass in the shit ringer as much as any other crimes he's committed.....
IF again...IF this shit heap crime scene did even HALF the scam fake "revenues" claimed - it would be the talk of Wall Street and on CNBC and Bloomberg and EVERY major financial press around the planet.....AS BIG as AI and/or NVIDIA etc......
NO ONE ON WALL STREET EVEN KNOWS THIS SHIT HEAP DIRTY JAKE "created by criminal and sociopath minded design" SCAM even exists nor do they care....THAT is the proof in the pudding it's a criminal con job that a bad teenager on dope with one accounting class passed w/a D- can "see".....!!!
POINT THE SEC TO THE SCAM "REVENUES" and then tie them to the FTC (Federal Trade Commission) violations of his WEBSITE FALSE CONTRACTS hustle and then link that to his LAWFARE CASES IN SHIT DISTRICT COURT(s) in Naples....aka THE "SHAKE DOWN" portion of his 2-bit criminal con job....
TIE ALL THAT to the (3)(a)(10) crimes - and this one is going DOWN and DOWN BIGLY - CLUB FED kinda down.....!!!!
Still gagged, reminder he confessed in the last filing that he had indeed diluted the company to 14.5B (max'd) in Q1 while the last update said 802M, sold as much as he could while claiming dilution was a "false narrative" and blamed "day trader or tick flipper" 's while he increased the OS by ~1800% and was selling into the market. It is incredible just the amount of lies Jake is willing to push for his own personal gain while shareholders get bagged... SEC is drooling over all this. Should be quick and painful.
Anyone remember the quote "I was a proprietary trader, I understand fiduciary responsibility." <- expect that quote to show up again in an SEC complaint.
Can you imagine doing the following and think you won't get caught? Literal stock manipulation to sell your own shares? As an affiliate? Absolute fraud and I will super enjoy how this ends (I already know what is about to happen)
$SONG: To answer questions about the Stock Consolidation (reverse stock split) is simple: if the valuation gets corrected by the market now that our audited financials are out, we will cancel it. If it doesn't, we will move forward with a crazy aggressive Stock Consolidation…
— Pro Music Rights (@ProMusicRights) February 27, 2024
Can't wait to see the SEC complaint.
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I don't know if Jake set aside some cash for taxes or not... I'm thinking he didn't. Jake needs money for a lot of thinks. Attorneys need to be paid.
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Is there a current accurate figure on the share counts, what they have been diluted to, is the transfer agent still gagged? Because nothing says transparency like gagging the TA and dumping tons of shares into the market while pumping on X.
You guys want to know what the SEC did when they saw that Jake brags about his abuse of 3a10's directly in press releases and in his profiles? They about fell out of their chair in awe someone this blatantly and willingly admitted to securities fraud. I believe the exact phrase was "Are you serious?"
Thanks for clarifying
Assuming Jake was hoping to pay this presumably circa $4m + personal tax liability for 2023 from new SONG share sales am I right in assuming he still needs to dump a LOT more new SONG shares at 10p (if he can find buyers at that or at any price) just to pay his 2023 personal tax liability he himself created with this crazy scheme and inflated salary figure ?
Finally, I also assume his personal tax is due for payment before the final 2023 due date of October 15 2024 ?
The tax for the 12 million wouldn't be mentioned in the financials for SONG. That would be considered Federal taxable income for Jake, and Jake would be responsible for reporting it on his tax filing for the year.
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Most definitely on the 12 mill salary.
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I hope Jake and the company have good tax lawyers advising both him and SONG as tax rules can be as complicated and specialist as securities laws
Im no tax expert myself and hence I would therefore be interested if anyone on this forum is a tax expert and knows whether Jake and / or SONG have both state and local taxes to pay on the $12m salary awarded and converted into a convertible loan note during 2023 and presumably on $12m of salary being added to the loan note in 2024 ?
I don’t recall seeing any such payroll taxes being shown in the company balance sheets or P&L where I seem to recall seeing the gross salary amount being converted into the loan note without deduction of any such taxes as far as I can recall
Personally I’m surprised every CEO of every listed company isn’t being paid via a family office in this way if there is no tax payable
it seems his cashflow was real bad last year, which is why he was so desperate to sell his shares and get a 3a10 to sell more. He has sold well over $1m in the past year between some Reg A registered 749M shares and ~2B 3a10 shares. There is a reason he was pushing so hard... he needs the money badly
FYI, I knew he needed to domesticate the subpoenas and I'm it even a lawyer. I also know why he won't get any names giving massive mistakes in the complaint. There are three major reasons he is just wasting the company's money and I find it hilarious his lawyer is just finding out bit by bit as he goes. Cant wait till X rips them apart in court and gets it dismissed. Too bad I'm not named 😂
$SONG: Crackerjack Box "Law Degrees" LMFAO !!!!
Surprised these jack wad ambulance chasers lil DIRTY JAKE hires didn't get a free decoder ring too... with their mail order multi-colored.. "law degrees".......
IF they paid more than a cheap bowl of soup for that cheap piece of paper "degree"....with a free haircut tossed in....they got ripped off.....!!
Meanwhile.....DIRTY JAKE NOCH just burns up momma Regina's Noch and her trust fund "FAMILY OFFICE" coin she uses to fund her lil dick brained defect....while he plays hunter of free people..... like smoking her and daddy's coin in a damn incinerator.....the kid is past "bent".......he's dumber than a broken brick and mis-wired from birth looks like to me ......LOL....:))
It's amazing how easy it is to be a better lawyer than Davy. Lol. Guy has no clue what he is doing, seems to be just winging it barely learning as he goes. What is the point of a law degree if you didn't retain any of the information and become a lacky to a scammer?
GREAT conversation with the courts right now. They are like "WTF" 😬 Of all the scams I have busted this on might be the most satisfying because it is like shooting fish in a barrel. They won't even fight back, they'll just let the judge ripped them a new one in court then the SEC 😂
https://www.sec.gov/corpfin/staff-legal-bulletin-3a
"Accordingly, it is the Division’s view that securities received in a Rule 145(a) transaction not involving a shell company that was exempt under Section 3(a)(10) may generally be resold without regard to Rule 144 if the sellers are not affiliates of the issuer of the Section 3(a)(10) securities and have not been affiliates within 90 days of the date of the Section 3(a)(10)-exempt transaction, as such securities would not constitute “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act. In the event that the securities are held by affiliates of the issuer, those holders may be able to resell the securities in accordance with the provisions of Rule 144.23"
Related to Cases:
Case #: 11-2023-CA-003193-0001-XX
Case #: 11-2024-CA-000998-0001-01
Imagine some random person on the internet not a lawyer knowing this would happen but not the lawyer you paid to do it. How embarrassing.
PLAINTIFFS’ MOTION FOR EXTENSION OF TIME
TO EFFECTUATE SERVICE OF PROCESS ON DEFENDANTS
Plaintiffs, by and through undersigned counsel, move for entry of an Order granting an
extension of time to Effectuate Service of Process on Defendants. In support thereof, Plaintiffs
state the following:
1. Plaintiff’s counsel are in the process of domesticating three subpoenas to three
corporate entities in California.
2. Because the entities are California entities, all three entities’ counsel requested
Plaintiffs’ counsel to domesticate the subpoenas in California per the California
Discovery Act and California Code of Civil Procedure §§ 2029.300 and 2029.350.
3. This processing time for California subpoenas to be domesticated and issued takes
about 45 days.
4. Once issued, we will have to reserve the California entities then wait to receive their
requested records.
5. Due to the unknown identity of the defendants, upon receipt of the entities’ records,
further skip tracing may be necessary to then attain new summons to serve those
individuals.
Filing # 203229474 E-Filed 07/24/2024 11:54:38 AM
FILED: COLLIER COUNTY, CRYSTAL K. KINZEL, CLERK, 07/24/2024 11:54:38 AM
6. For the reasons above, Plaintiffs’ counsel requires extended time to locate and serve
defendants.
Plaintiffs respectfully request that the initial service deadline of August 16, 2024, may be
extended as follows:
Original
Deadline
Extended Deadline
Deadline For Effectuate
Service of Process on
Defendants:
08/16/2024 12/14/2024
7. This motion is done in good faith and not intended to cause delays and is not prejudicial
to any parties.
WHEREFORE, Plaintiffs move for entry of an Order granting an extension of time to
Effectuate Service of Process on Defendants
and all other relief this court deems just and
appropriate.
Finally an update on the shame social media case, they have asked for an extension of time because they have to domesticate the subpeona's, which I (a non-lawyer) knew the whole time. Therefore they asked to extend till Dec LOL!!! This is what you get when you use a discount dollar tree lawyer.
iHub has flat out said now, the rest just quote the law, then they will say no as well. Burning company money because he is so petty. Don't worry, he'll just sell more 3a10 shares to pay for it. Shareholders are an open checkbook for his self consciousness.
Meanwhile, he is going to have to deal with Judge Manalich finding out he tried to pull a fast one on him. LOL!
It's going to be too late, he will be dealing with massive issues with the judges and the SEC before he even gets those domesticated. This is going to be hilarious.
Tic tok doc... it's coming 😂😂😂
Reminder, Davy is not a practicing securities attorney, he is not familiar enough with securities law and has made numerous "mistakes" even after being corrected via email and confirmed receipt. I doubt he gets immunity in this case when he is the one purposefully misrepresenting the law so his client can steal money from the market.
Also, keep a lookout here. I have confirmation from 3 actual securities attorneys and the SEC directly that this is not allowed. Wonder what they do:
https://www.sec.gov/enforcement-litigation/litigation-releases
LOL!!!
Idiot lawyer's opinion, literally stating the opposite of the law, defrauding the court in favor of unlawful realized theft of over $600k from the company and investors:
... vs the actual law per the SEC that states without question what they are doing is illegal:
https://www.sec.gov/corpfin/staff-legal-bulletin-3a
CLICK THIS: https://y.yarn.co/dc62e032-7441-4f43-b0f2-f2a3adf3ba6e.mp4
Bahahahaha!!! Judge Manalich Is the same judge as the scam John Doe case. If he does sue anyone they can bag him there too 😂😂😂😂
This is so funny
The Dunning-Kruger effect
He is about to see how a judge knowing the actual law and that he and Davy hid it from him acts. Bet they aren't smart enough to address it before the hammer hits. So stupid and arrogant.
When Judge Manalich reads this case:
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-23206
Then reads this PR from Jake and all the supporting tweets:
https://www.newsfilecorp.com/release/190909/Music-Licensing-Inc.-SONG-Unveils-Extraordinary-Strategic-Masterplan-for-Unprecedented-Growth-and-Financial-Eminence
This is going to be be biggest LOL ever. Jake and his idiot lawyer are simply not prepared for what is about to happen. Imagine being a judge reading a case where both sides of a 3a10 colluded to defraud the court, received court approval, was caught, and received jail time across multiple 3a10's... then seeing multiple 3a10's in front of him from Jake where they are purposefully hiding information from the court.
This si going to hilarious when they don't address either issues (the case cited about capital formation or addressing the affiliate issue) and the Judge is like "So, why didn't you address this even though I have written acknowledgement you knew prior?"
Then shareholders are in the 3a10 fairness hearing bringing it up saying he defrauded the courts and investors for over $600k so far. Going to be a hoot.
Jake really poking the bear here with this update. I wonder if someone informs the judge of Section 5 of the 3a10 that explicitly states affiliates are not allowed this exception under and circumstances:
This !!!
Don't give the ambulance chasing scumbag any money.
scam
far from meaningless Gensler is right in the with SBF His Daddy then coinbase gets sued that was to get attention in a different direction, then Crypto crash to $14000 who did that help blackrock, ,then Bitcoin ETF and everything there is on the OTC has been driven down below zero who does that help NYSE or nasdaq short sellers. I do not trust anybody at the top that operates just like Madoff.
https://nypost.com/2023/10/05/sec-chair-gary-gensler-faces-heat-over-sbf-ftx-ties/
Hello !
Bingo again she shouted !!
Oh shoot!!! If you really wanna pee in his cereal I can tell your lawyer how to shut down his illegal funding in a week 😂 That is what he is using to fund these lawsuits.
Oh shoot, I forgot you have a chad as your lawyer, he is smart and is doing it right! Notice how as soon as you took action they completely shut down any responses or progress? Yet they are pushing forward with any other case they can scare them into paying or get a default.
I hope yall do a class action. He needs punished for being so awful.
You have my prayers and support, anything I can do to assist. Happy to email you back and forth, I have a whole file on this scammer. If you haven't already, please check in with the Florida AG's office to report this clear scam website. The worst part of all of this, you filled out the form because of his fraudulent marketing. There are no 2.5M songs, they are all fake, he scammed people into filling out a form to provide services he himself has made sure he could not perform. He is banking on default judgements and luck and is currently stealing from the company to fund the legal bills.
I know you likely know this, but I will happily provide anything to your attorney as I have others.
Also, don't worry, he may he plucked from the streets at any moment due to some other more serious crimes committed at any moment. Everything is in motion.
Your attorney is on the right track...
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Yes,... So sorry you and the others got victimized in that way. What Jake pulled with that is really low even for a penny stock scammer, it's outrageous. A decent lawyer should be able to get that suit tossed and with a judgment of attorney's fees and damages. Though collecting from Jake is going to be tough.
Criminal charges against Jake and his attorneys with prison sentences and restitution are also very much deserved.
Good luck
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Hello all! I can speak for Attitude Dance Center in the matter of this case. This case is total bullshit as you are all aware. I was scammed into a 5 year contract to be billed for 11 studio locations…I literally opened my on dance studio a year ago and have one location. This case and the legal fees attached at killing me. Never did I think that simply filling out an info sheet to learn more about this company would then lock me falsely into a contract and I would be getting served a lawsuit while I was at the studio teaching. I know everyone seems to hate these people but please keep my studio, my dancers and my family in your prayers as we push through to battle this out. I’m so ready for this nightmare to be over. I just pay we can stay financially afloat to see this to the end. —ADC
A Wells Notice perhaps?
That may be a new term for Jake.
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You can take Brick God Sosa outta da streets, but ya can't take da streets outta Brick God Sosa. Shiiiiiiiiiiiiiiiiiiiiet
That is freaking hilarious!!... Lol... Best part is, I don't see how this fixes anything. It's likely just makes shit worse! The SEC hates when scammers try to scam the SEC! LOL!!
JOINT MOTION TO AMEND ORDER
Defendant, MUSIC LICENSING, INC., and Plaintiffs, JAKE P. NOCH et al., by and
through undersigned counsel, agreed to file this joint motion to amend the Order that approved
the Section 3(a)(10) Settlement Agreement. In support thereof, the parties state the following:
1. Plaintiffs filed a declaratory action against Defendant on or about November 15, 2023.
2. The Plaintiffs sought Declaratory relief recognizing the Section 3(a)(10) Settlement
Agreement.
3. A Section 3(a)(10) settlement agreement, in the securities law context, refers to a
method by which a company could settle pre-existing debt obligations such as unpaid
operational expenses by issuing common stock to the creditor. See TD Ameritrade,
Inc. v. Kelley, No. 15CV714-PAC-FM, 2016 WL 11483847, at *1 (S.D.N.Y. Aug. 1,
2016), report and recommendation adopted, No. 15CIV714PACFM, 2016 WL
5660399 (S.D.N.Y. Sept. 30, 2016). Section 3(a)(10) of the Securities Act of 1933, as
amended (the “Act”), provides an exemption from the Act’s registration requirements
for certain securities exchanged as part of a settlement agreement.
4. A fairness hearing was held on December 7, 2023, to approve the application of the
Section 3(a)(10) exemption to the referenced Settlement Agreement.
5. This Court Ordered its approval of the Section 3(a)(10) exemption on December 7,
2023.
6. However, the parties agreed that some language should be added to the Court’s Order
to clarify the Order and its application.
7. The parties agreed to request that the following language be added to the Order as part
of the Section 3(a)(10) exemption for clarification purposes:
a. The Section 3(a)(10) exemption applies directly to the underlying shares of
common stock of Defendant, MUSIC LICENSING, INC., and, accordingly,
such shares Plaintiffs, JAKE P. NOCH et al. do not need to rely on Rule 144
or any other exemption from the Act’s registration requirements in respect of
shares of Defendant, MUSIC LICENSING, INC.’s common stock to be issued
to Plaintiffs, JAKE P. NOCH et al. in connection with their Settlement
Agreement. Neither Plaintiffs, JAKE P. NOCH et al. nor the shares of common
stock of Defendant, MUSIC LICENSING, INC. issued or to be issued
pursuant to the Section 3(a)(10) exemption are subject to compliance with any
of the provisions of Rule 144, including, but not limited to, volume limitations
of the sales thereof and any affiliate restrictions of Plaintiffs, JAKE P. NOCH
et al. with Defendant, MUSIC LICENSING, INC.
b. The Section 3(a)(10) exemption is to be applied to previous transactions
issuance transactions by Defendant, MUSIC LICENSING, INC. to plaintiffs,
JAKE P. NOCH et al. and their respective affiliates. Amounts previously
realized under any sale transactions of shares of common stock of Defendant,
MUSIC LICENSING, INC. will be deducted from the current amounts
outstanding under the Settlement Agreement and/or future balances as onetime deductions of the current amounts remining to be satisfied by the
Settlement Agreement and the Section 3(a)(10) exemption.
c. Issuances by Defendant, MUSIC LICENSING, INC. of shares of its common
stock under the Settlement Agreement pursuant to the exemption from
registration under the Act provided by Section 3(a)(10) do not need to be
accomplished in limited tranches, and there is no restriction on the issuance of
such shares.
d. The 3(a)(10) exemption provided by this Court’s Order is not linked to the
public market per-share price of common stock of Defendant, MUSIC
LICENSING, INC. and is solely based on the funds realized by Plaintiffs,
JAKE P. NOCH et al. from the sale of such shares.
WHEREFORE, based on the foregoing, Defendant, MUSIC LICENSING, INC., with the
consent and agreement of Plaintiffs, JAKE P. NOCH et al., respectfully requests that this Court
amend its Order dated December 7, 2023, by adding the referenced necessary and requested
language set forth in Section 7 of this motion.
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