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Somebody's playing with the stock, trying to coax that bid up so they can dump on it. The company is all about selling stock, inhabiting the shell and then giving the CEO 3.5B shares and a salary of $12M per year in a convertible note:
https://www.otcmarkets.com/filing/html?id=16760936&guid=yXD-kKDt7oePB3h
SONG L2 got it THANKS!
No clue bud but I'm looking at l2 through tdameritrade and she gonna hit 001 soon
Where can we get L2 for SONG? LSE ( LONDON STOCK EXCHANGE )
I think I bought too much lol sell to me at 6 please
Let's roll! Glad I found this ticker this week!
Accumulating .0004 and .0005 here, I see multiple pennies ahead with everything the company is doing now.
Easy .01 here I say .05 by Christmas Day. You see that Accumulation Line on this thing? It's through the roof the Float is getting absorbed into strong hands. Anyone claiming dilution is just trying to steal ur shares. Just accumulate with them and have patience
Added some 0004s last 60 seconds of the day...thanks!. Ceo here seems to be highly involved with wanting to correct the pps. I am going to keep bidding. Good luck all
I saw that on X a bit ago, I do better hit and quit, find em early and wait them out. many were giving easy doubles.
I held some bottom buys thru the pops. more focused on life stuff and I needed to go back to work.
most my stuff is btc related and it takes a big wait, I know this for sure.
am getting in way ahead of the crowd again on the btc tickers. the real stinky ones at the bottom.
I saw what they can do when the fomo kicks in twice now. betting big on round three :)
best in everything important to you!
SONG
$SONG 0005s being absorbed by GTSM for the moment.
Grabbed me a starter here at 0005. Good luck all
$SONG Sup casper... possible nice trip play here... what happened with cctl : (
Yeah, "we're fixin' to get ready to prepare to consider thinking about it...."
The only thing you ever see from this CEO is new pumps about the stock, never a thing about the company. He inhabited this shell thinking the OTC was easy, then awarded gobs of stock to himself and more to the insiders. He was fluffing up his balance sheet, showing $100's of millions of accounts receivable offset by the same figure of deferred revenue, and the SEC had to tell him to stop that crap. They did that in the comments for the registration he was doing to register those gobs of stock so it could be dumped into the market. Once that was done, you start seeing stuff about some arm of NASDAQ over in Europe, then a Jamaican exchange, then suing OTC markets because the shell was bad, now suing them because they won't let him off the expert market, all while the 2.7B shares held by him and the other 750M shares held in his "family trust" are ready to sell to anybody buying. When you can't get the OTC pumpers to engage because they see the story is bad and behind it is gobs of stock ready to be sold, then you need to reconsider the story you're telling. Now he's taken to fluffing up his financials again, shows "accounts receivable" again that he knows he ain't gonna collect on, no way to know if there's any income at all.
SONG moving, book value 0.0127. Just annonced 2.7 bill canceling/or retiring of shares, great news!
Just read through the last 50 or so posts here.
nice tip off from twitter @ 0005
$SONG
Bought song SONG on the volume. Looks thin to me
Who is saying a penny?
Thanks. Looks like you were right.
Burned too much lately. Give me the negatives. Why are people saying 1 penny? (Other than the typical pumping)
Thanks
Somebody is playing with the stock today. Don’t get trapped.
WOW 8’s are up now!!!! CONGRATULATIONS TO EVERYONE THAT LOADED 4’s!!!!
Good work if you can get it... CEO gets $12M per year...
https://www.otcmarkets.com/filing/html?id=16760936&guid=yXD-kKDt7oePB3h
After wiping out all that "Accounts receivable" and "deferred income" crap from the balance sheet at the prompting of either OTC Markets or the SEC, they return to showing millions as accounts receivable that they claim to be owed but don't ever collect on. Meanwhile, they made about $40k of real cash for a quarter.
When the OTC won't jump in and help with the narrative, and especially when a side company of the CEO has 750M shares registered and ready to sell, you know nobody's falling for it.
Guess this OTC thing isn't their thing... Down to about $60 a day in stock sales.
Appears to be. Right now the CEO has 750M shares of his own registered and free trading, doesn't seem to mind the very low volume. Nobody on the OTC seems to be interested in jumping in on the pump with that looming overhead.
Is this Stock Only for Suckers that are Fine with Losing A Lot of Their Money?
It Seems that This Stock is Dead.
And now the 750M shares the CEO has for sale are free trading shares.
Buyer beware....
"Jake P. Noch has been working on AI-based music since as early as 2017"
It's strange that the press-releases posing as interviews with him from 2017, when he was only 18 and still at high school, make no mention of AI-based music. Instead he was still pretending he was an ex-drug dealer and claiming how much money he'd made from his music.
https://thesource.com/2017/05/11/miamis-brick-god-sosa-releases-yop-sticks/
So, their S-1/A went effective, selling 2.5B shares (750M of them belonging to the CEO) for $.03. Good luck with that with a volume of just over 4k shares today.
Those 750M shares the CEO is selling also appeared on a Form 144 today. Not sure why, but it sure sticks out.
Lame attempt to get in on the latest buzzwords. AI generated music, can't wait to see the computer in concert...
You did see this company wants to sell stock, right? $75M of it at $0.03? 750M of the 2.5B shares to be sold are by Jake P Noch (the CEO) Family office...
Thanks for posting that. Awesome news.
Been holding this for a long time....
Sure would be nice to get even...and maybe even make some.
'Music Licensing, Inc. (OTC:SONG) to Enhance AI-Based Music with ChatGPT Technology'
https://www.otcmarkets.com/stock/SONG/news/Music-Licensing-Inc-OTCSONG-to-Enhance-AI-Based-Music-with-ChatGPT-Technology?id=388693
Looks like the smokescreen accounting has become an issue. Claiming $432M of "accounts receivable" and then taking it off the balance sheet as "deferred income" was likely drawing unwanted regulatory attention... Now it'll be a footnote. The dumpster fire continues:
Music Licensing, Inc. Enhances Financial Transparency and Compliance with Balance Sheet Amendment
Naples, FL - Music Licensing, Inc. (OTC:SONG) is excited to announce that it will be amending its balance sheet to make the financial statements compliant with US Generally Accepted Accounting Principles (US GAAP) following a call with the Securities and Exchange Commission (SEC). The company expects to update its statements by removing the Accounts Receivable (A/R) and the corresponding offsetting liability of the A/R (deferred revenue) from the balance sheet.
The company would like to inform its shareholders that the following will be added as a footnote to the amended financial statements:
"The Company has signed Business License Agreements with 408 Customers as of December 31, 2021 to license, on a non-exclusive basis, non-dramatic public performances of their copyrighted musical compositions. After signing the agreements, and based on the agreement terms, the company issues invoices to its customers for Minimum and Base License Fees and Per Usage Fees based on the number of business locations. The company has not recognized the revenues in the financial statements as there is a doubt about the collectability of those revenues, and shall need legal action to determine the collectability percentage. Total amount of unrecognized revenues was $107,281,764 and $323,387,126 as of the end of 2020 and 2021 respectively."
The company would like to assure its shareholders that it is taking all necessary steps to ensure that its financial statements are accurate and compliant with US GAAP. The company will continue to fully enforce its licensing agreements and will book funds collected from the Music Licensing, Inc. agreement as revenue once payments are received or amounts are recovered from legal proceedings.
"We are excited about this amendment as it provides us with the opportunity to enhance our financial transparency and compliance with US GAAP, while also highlighting our commitment to collecting the revenue due to us," said Jake P. Noch, CEO of Music Licensing, Inc.
The company expects to release the updated financial statements within the next 30 days. Shareholders and investors are encouraged to visit the company's website for any updates or additional information.
It does seem so much to be fluff. The Company appears to be merely a conduit to run payments through, where very little of the payments is actually paid to Music Licensing Inc, and almost all of the $432 Million Dollars or so goes to the Musical Artists.
It seems to be very misleading when they mentioned $432 Million Dollars, at first look. More Important is the need for Music Licensing Inc to Answer the Question: "How Much of the $432 Million Dollars" remains in Music Licensing Inc?
Also, regarding the lawsuit, it doesn't seem to be a realistic case that the Plaintiff has pursued as it seems that the Plaintiff appears to be Scapegoating OTC Markets instead of taking responsibility for Not doing enough Due Diligence before jumping in on the Investment.
But then again, maybe Plaintiff has a Good Case where OTC Markets should be more on top of monitoring, and preventing misleading information from being disseminated to the Public to Protect Investors.
It's fluff. Won't make a bit of difference down the road. If you look at the company's balance sheet with that $432M of "accounts receivable" (products/services rendered but not yet paid for) offset by $432M of "deferred income (products/services paid for, but not yet rendered), even the whole of the OTC isn't buying the smokescreen or willing to join in. Plus every news they issue is either about stock machinations or a new lawsuit. Makes it easy to stay far far away.
You make a Good Point...though maybe by introducing SONG to more potential Investors, Globally, it could generate nice share price increases for SONG Shareholders down the road?
It’s over in Europe, isn’t it? What good does that do?
It's NOT the NASDAQ for Big Companies but rather "Nasdaq First North Growth Market" for "Small and Medium-Sized Growth Companies"
"Nasdaq First North Growth Market is a Multilateral Trading Facility (MTF) with SME Growth Market status and does not have the legal status of a regulated market. Regulated market is a term used in the Markets in the Financial Instruments Directive (MiFID) and are markets authorized by national competent authorities."
Many refer to Nasdaq First North Growth Market as an "Alternative Exchange"
https://www.nasdaq.com/solutions/nasdaq-first-north-growth-market
Here, in this link below, are some examples of Companies listed in this type of Alternative Exchange:
https://www.nasdaqomxnordic.com/aktier/listed-companies/first-north
That is exactly why I'm laughing at this stupidity SONG.
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