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NEWS OUT !!Music Licensing, Inc. Announces Strategic Initiative Led by CEO Jake P. Noch: "No New Common Stock Issuance Until at Least 2024"
GLOBENEWSWIRE 8:00 AM ET 11/13/2023
Symbol Last Price Change
SONG 0.00635up 0 (0%)
QUOTES AS OF 12:00:00 AM ET 11/10/2023
Naples, FL, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC:SONG) proudly announces a strategic move led by its Chief Executive Officer and Chairman of the Board of Directors, Jake P. Noch. In a visionary step towards enhancing shareholder value and solidifying the company's financial foundation, Music Licensing, Inc.(SONG) is actively pursuing a reduction in the number of authorized common shares to 2 billion, mirroring the exact number of common shares currently outstanding.
Mr. Noch, at the helm of Music Licensing, Inc.(SONG), recognizes the significance of maintaining the balance between capital structure and shareholder interests. As part of this comprehensive initiative, the company is pleased to declare a moratorium on new common stock issuance until at least 2024. This decisive measure is aimed at providing stability and assurance to our valued shareholders.
The decision to limit the number of authorized common shares and impose a moratorium on new common stock issuance is rooted in our commitment to creating long-term value for shareholders. By setting a clear trajectory for the next few years, Music Licensing, Inc.(SONG) is positioning itself as a reliable and forward-thinking player in the music licensing industry.
CEO Jake P. Noch commented on the initiative, stating, "Our shareholders are at the heart of our decisions. This strategic move reflects our dedication to their interests and the sustained growth of Music Licensing, Inc.(SONG) By taking these steps, we aim to instill confidence and enhance the overall shareholder experience."
Key highlights of the initiative include:
1. **Reduction in Authorized Common Shares:** The company is actively seeking to lower the number of authorized common shares to 2 billion, aligning with the existing outstanding shares.
2. **Moratorium on New Common Stock Issuance:** Music Licensing, Inc.(SONG) is implementing a moratorium on the issuance of new common stock until at least 2024, providing shareholders with stability and confidence in the company's financial direction.
This strategic move underscores Music Licensing, Inc.'s(SONG) commitment to responsible corporate governance and shareholder value. The company believes that by taking these decisive steps, it is positioning itself for sustained growth and success in the music industry.
About Music Licensing, Inc.(SONG) (ProMusicRights.com)
Music Licensing, Inc. (SONG) , also known as Pro Music Rights, is the 5th public performance rights organization (PRO) to be formed in the United States. Its licensees include notable companies such as TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and many others. Pro Music Rights holds an estimated market share of 7.4% in the United States, representing over 2,500,000 works that feature notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sause Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and countless others, as well as Artificial Intelligence (A.I.) Created Music.
Forward-Looking Statements:
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc.(SONG) & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc.(SONG) & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc.(SONG), or any other person.
Non-Legal Advice Disclosure:
This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.
Non-Investment Advice Disclosure:
This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication
Contact: investors@ProMusicRights.com
SOURCE: Music Licensing, Inc. (SONG)
Image: https://www.globenewswire.com/newsroom/ti?nf=ODk3Nzc4OCM1OTI0MjE0IzUwMDExNTEzMg==
Image: https://ml.globenewswire.com/media/N2I4MTQxMDYtNjE5OC00NGU3LWJjODYtNTAxMGQ4MGExMTRiLTUwMDExNTEzMg==/tiny/Music-Licensing-Inc-.png Source: Music Licensing, Inc.(SONG)
Jake said news at 9 am. Come on, obviously I know when the market is open, LOLOL
Market opens at 9:30, not 9:00, SMH…
Wonder if Jakes message about locking float is taking effect. Let’s see in 5 min!
If this keeps running ima be sick lol sold @0.0012 for a double..Gratz to all of u ..already kicking myself ..my 5 mill shares would look good right about now
Haaa..
It would be more than interesting if it stayed for the open..
:) interesting spread
It’s 8:40 am
LMAO
.00635 - .0327
Why no Bid/Ask? Halted?
We will get third quarter update later this week for financials!
So, I ask again, how much actual cash was collected?
Here’s a guide:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173193788
$SONG ~I'm going to take and educated guess that as smart as our CEO Jake Noch is that he locked up all of the float in while the SP was sitting in the trips while he had to contend with FINRA and the OTC Markets who both have been putting him through the ringer in their unfair treatment toward him and he's not selling any of them which will in turn bode very well for the share price as he is in control of the float which seems to be his theme he follows in his business endeavors!
The CEO here was awarded 3.5B shares, increased the A/S to cover them, went through the registration process to make those shares free trading, but the stock has not had any sort of liquidity until this recent campaign. That's a whole lot more, percentage wise, than Elon has. Now the relentless campaign about reducing some of that.
He owned the whole company before he inhabited this shell, now, didn't he? He'd get to keep all the proceeds over costs if there was really gobs of cash coming in. Instead there's the award of stock, the registration of stock so it can sell. On the OTC....
I think space1230 dropped the mic on him..
$SONG
Nah nah nah. You said it’s okay CEO has lots of stocks to sell?
Okay forget Elon: there are loads and loads of big boards stocks with 70-90% insider ownership.
It’s ridiculous you don’t have any concrete negatives to push except for CEO having lots of shares.
Do a better job…I need to buy cheaper pls…lol
Sorry. Noticed after I had posted it wasn’t your tweet…lol.
Hoping to join you guys tomorrow
This is the OTC, comparisons to exchange listed stocks and CEO's is absurd. Elon has lots of stock in his companies and lots of actual money, but his holdings are only 13% of Tesla.
Yes he did..
I think you meant to say *0.01 CJ
Yup. Hoping I am able to buy tomorrow. Still angry all my bids in the trips got rejected!
So it’s okay Elon has lots of stock to sell too?
This is à ridiculous statement to make considering even the blue chips CEOs have lots to sell.
Mark just loads of shares last week of META.
Depends on when he opts to sell it. You're the one talking about what happens when companies go public. Don't insiders sell all of the time?? You don't know his intent and when, so u r merely offering your outline of the future, not fact - opinion!
So, it's OK with you that the CEO has a lot of stock to sell?
The OTC has been blamed for things that they did not do. The company filed an arbitration against them essentially saying they let him merge into a shell that didn't have adequate filings... If you were buying a shell to merge into, it is up to you to do the due diligence to be sure it meets your needs.
https://www.accesswire.com/media/728122/final-soc.pdf
If you can "read financials," I challenge you to ferret out the actual cash this money collected for their services and how much of that was owed to the artists.
And, yes, it is very odd over the course of a year to raise the A/S way up only to PR moving it down.
And that is why the stock is gapping up tremendously. Retail can only acquire so much. And now, starting tomorrow, ALL trading restrictions r gone and SONG is open to retail EVERY WHERE! U think this will ever see sub penny again??? I don't !!
U need a comparison?? Look at GDVM. CEO took that shell and cut the o/s by 80+% without a r/s. It still holds a pps above .02 (after sub penny) while that ceo produces revenue but GROSSLY lacks communication with his shareholders about a name /ticker change, etc.
The CEO still holds a lot of stock that is already included in the float. There were over 3.5B shares issued when they inhabited this shell.
I think that most here will be gone at .01, but song is going to soar much higher - and actually stay there!!!!!!!
Song will run hard tomorrow how hard depends on the PR pre market… since it’s pre market im expecting more then just AS reduction maybe clarification of court case vs otc market?
1st off, I can read financials. 2nd, expert market and the OTC created this debacle in the sinking share price while it was consistently blamed as a massive float addition (while it was not)! 3rd, you need a foundation to build a house. Course correction needs to come first - before SONG can fit your boilerplate 'going public' synopsis.
No, it doesn't look odd at all. The SONG ceo is shining a spotlight on something that we will learn in the morning. Obviously this is attached to OTCM and what was rectified/accomplished. Don't "guess" before u know the answers. Speculation is fun, but it's just that - speculation!
Not sure you understand what happens when Authorizer share count is reduced… dilution potential is gone..
No, it isn't. Companies don't go public just to be public. That's fact. The objective is to sell stock to the public to raise money for company growth. This company did a registration statement for the stock awarded to the insiders (mainly the CEO). Once that went effective, all of that stock became free trading, and when sold into the market the company doesn't get the money, whoever sells it does.
Raising the A/S, awarding a bunch of stock, then cancelling part of that stock with relentless social media campaign looks odd, doesn't it? And everything you see is about the stock machinations, nothing to do with improving the business.
Want to know how much revenue is actually collected as cash?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173193788
Ok, that's about 5% generalization about going public and mergers. OK, draw some more negatives. You're not going to find any here with SONG
If this company was really "rolling in dough" and didn't need to sell stock to the public, why'd they merge into this shell? Companies don't go public just to be public, they go public to get access to the capital markets, sell stock for cash to invest in growing the business.
O/S supposed to end in the 800 million(s). With that revenue, that's pretty damn good for a 10-20x trading price from current. And I believe that I am being beyond conservative!
What in the world r we going to see tomorrow? lol This gonna be a massive gap up at open?
Yeah, sure. After inhabiting this shell, they raised the O/S to 20B shares and awarded the CEO directly and through the "family office" over 3.5B shares. Now they're making great fanfare from cancelling some of that stock, and will likely reduce the A/S with similar fanfare and the relentless social media promotional campaign that's been launched. They didn't cancel all the stock, though, looks like there's still a billion shares sitting there.
Here she come now, say "Mony, Mony"
Well, shoot 'em down, turn around, come home, yeah
Hey, she gives me love and I feel alright now
Everybody! You got me tossin', turnin' in the middle of the night
And I feel alright
I say yeah (yeah), yeah (yeah), yeah (yeah), yeah (yeah), yeah (yeah)
Well, you make me feel (Mony, Mony)
So (Mony, Mony)
Good (Mony, Mony)
Yeah (Mony, Mony)
So good (Mony, Mony)
All right (Mony, Mony)
Come on (Mony, Mony)
All right, baby (Mony, Mony)
https://lyricstranslate.com
Tommy James and the Shondells
.01break tomorrow
Give me a heads up next time. Thank you
I have never ever thought of Slapping you and never will!
Like I have said many times, You are My Hero!
Again I say to you,,
Make a buck and DO NOT get STUCK!
How much are you slapping $SONG tomorrow???
Thanks ahead of time for making me $$
You had your chance at .0020, which is when this was posted from you.
>>>OK folks the crow is now here to expose this pre-loaded Hype up POS
Make a buck and DO NOT get STUCK>>>
There's no need for me to slap the ask, but I will watch you slap tomorrow with a smile on my face!!
You and everyone else stay away from SONG in the morning till I fill my CRAW..
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