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wait... according to that tweet, if I am not mistaken; If I buy 100 shares (.02) of SONG now before the reverse split and I end up with a fractional shares after the reverse split I will get $100 USD?
For some reason links to twitter i'm posting are looking a bit strange , with previews and only the date working as a live link????????
This is Jake's original tweet that screenshot is from:
Music Licensing, Inc. (OTC: $SONG) intends to provide an update on the collection campaign after receiving the first batch of subpoenas back from Twitter. The reason for the lack of updates is cyberstalker(s) emailing our legal counsel, the opposing counsel, the judge, and random…
— Pro Music Rights (@ProMusicRights) May 11, 2024
$SONG Jake made a big mistake trying to sue musician Tres Rodman for $100,000 in his utterly disgraceful "collection campaign". Jake should have checked Tres' LinkedIn. He's a paralegal. https://t.co/7qHdDVvl7U
— Raw Phil (@Raw_Phil_) May 11, 2024
Hopefully his case can help Jake's other victims. pic.twitter.com/J5LCt17Wec
LOL !!
they probably already know that jake is... different.
Excellent point !!!
I wonder who should be alerted at Collier County Court that Jake is alleging on Twitter that people are harassing staff there?
https://pbs.twimg.com/media/GNSFWaaXMAAZZyf?format=jpg&name=small
they probably already know that jake is... different.
I wonder who should be alerted at Collier County Court that Jake is alleging on Twitter that people are harassing their staff?
https://pbs.twimg.com/media/GNSFWaaXMAAZZyf?format=jpg&name=small
State of Florida County of Collier 20th Judicial Circuit Court
Case Number: 11-2024-CA-000814-0001-XX
CTZ2024001545
Plaintiff:
JAKE P. NOCH, and MUSIC LICENSING INC.
vs.
Defendant:
JOHN DOE, et al.
For:
TRANSNATIONAL MATTERS, PLLC
2121 BISCAYNE BLVD.
#1878
MIAMI, FL 33137
Received by COAST TO COAST PROCESS SERVICE, INC. on the 9th day of May, 2024 at 11:32 am to be
served on INVESTORSHUB.COM INC. C/O CORPORATION SERVICE COMPANY, 1201 HAYS STREET,
TALLAHASSEE, FL 32301.
I, Michael Wyatt Kady, do hereby affirm that on the 10th day of May, 2024 at 12:00 pm, I:
served a CORPORATE, PARTNERSHIP, ASSOCIATION OR GOVERNMENT SERVICE Served the
within named business entity by delivering a true copy of SUBPOENA DUCES TECUM WITHOUT
DEPOSITION to: Chelsea Wang as Customer service associate, an employee of the Registered Agent
after confirming the Registered Agent was not in the office or was otherwise unavailable, pursuant to the
requirements of Fla. Stat. 48.091, and informed said person of the contents therein, at 1201 Hays Street,
Tallahassee, FL 32301. on behalf of INVESTORSHUB.COM INC. C/O CORPORATION SERVICE
COMPANY, and informed said person of the contents therein, in compliance with state statutes.
Description of Person Served: Age: 26, Sex: F, Race/Skin Color: Asian, Height: 5'5", Weight: 130, Hair:
Black, Glasses: N
Michael Wyatt Kady
Process Server
COAST TO COAST PROCESS SERVICE, INC.
4302 HOLLYWOOD BLVD
#293
HOLLYWOOD, FL 33021
(786) 715-9299
Our Job Seri
$SONG DEAD TICKER: 1 Hour $ZERO TRADED LMAO !!
This ass hat Jake P. Noch and his dipshit LAWFARE campaign - he KILLED like KIA any any any micro hope this scam and hustle ever had left.
Jake P. Noch is also chest-pumping on X-Twitter that:
"BE THANKFUL YOU SUCKERS - YOU WILL GET $100 BUCKS FOR YOUR 1 or PARTIAL SHARE" WTF !!
He originally said "YOU GET $1 BUCK" IF you're dumb enough to have a single or partial POS share left WHEN dirty Jake splits this crime scene at 1 for 500,000 WTF !!!
$SONG: Finally, is the company moving forward with a reverse stock split? Yes, we are. Is it 500k:1? Yes, it is. Isn’t that insanely aggressive? Yes, it is. But we would rather overdo it than underdo it and fall right back down like a majority of other issuers that do reverse…
— Pro Music Rights (@ProMusicRights) May 11, 2024
A quadrillion seems like a lot
The IRS may have an interest as well...
..
.
$SONG: Q1 FILING THIS POS MAY 16 ??
It paints a very bad color of fraud and more fraud...
$SONG Music Licensing GAAP EPS of $0.057, revenue of $1.05B https://t.co/JysKjH8oJh
— Pro Music Rights (@ProMusicRights) February 28, 2024
JAKE: A GLASS OF "WHINE" OR A TISSUE MAYBE LOL ????
Well - according to ole JAKE aka THE BIG STORY TELLER ....WE....WE are now part of a GRAND CONSPIRACY whereby WE (the secret team members Oooh...aaah...ooohhh) WE have some secret control center and PEOPLE WE WORK FOR (NKVD, STASI, KAOS ??) - and we ONLY exist so that JAKE AND HIS MASSIVE SUCCESS WILL "DO BIZ WITH US" or whatever the hell these latest ramblings mean ???
Oh - and he CHANGED THE STORY AGAIN as on Saturday I think it was ( I don't use X-Twitter and never have and never will) but I watch the Google "feed" which shows the latest few - and Saturday said, "WE GOTS 18 OF THEM SUBPOENA BACK and IN DAYS WILL GETS A JUDGEMENT" blah blah blah BULLSHIT BS if you ask me !!
X is NOTORIOUS slow and laborious in reviewing NO MERIT FISHING EXPEDITIONS aka NON LAW ENFORCEMENT and NON EMERGENCY subpoenas let alone producing on them - and lets say EVEN IF "WE GOT 18 BACK" blah blah then HOW THE HELL does JAKE "move a court to judgement" in a matter of freaking DAYS when a typical motion calendar or simple hearing AT LIGHT SPEED is weeks and usually a MONTH OR MONTHS off in the future ???
Let alone- WHAT so called "IDENTIFYING INFO" as in who the hell has their NAME, DRIVER'S LICENSE" blah blah blah on these platforms - he'd get a IP address at best in most cases and THEN he'd have to subpoena wherever that IP leads and if people are smart - it leads to a DEAD END BLACK HOLE aka thee end....:))
Here's his latest spew and WHINE fest - this goes in the KID TANTRUM and BULLSHIT SIDE PLATE SPECIAL ARCHIVE I'm creating :))
Music Licensing, Inc. (OTC: $SONG) anticipates receiving a list of identities from the initial batch of subpoenas in the coming days. We expect an uptick in instances of harassment and cyberstalking as the individuals behind the misinformation campaign find themselves… pic.twitter.com/FbCqxM2LT4
— Pro Music Rights (@ProMusicRights) May 12, 2024
It paints a very bad color of fraud and more fraud...
..
.
Thanks much :)
Here is a link for download.
https://fastupload.io/2a54fd9b94ab4ed2
Please note this is just the counterclaim filed on the docket by Spotify who was originally sued.
I don't think you want to see Noch's claims against Spotify? If you do I can grab that off my pacer account.
LOL OMG !!!
That indicates 100 quadrillion, not one. One quadrillion is 1 x 10(15) power or a one with 15 zeros to the right of the integer “1”. The number indicated in your quote is 100 quadrillion or 1 x 10(17) or a 1 with 17 zeros to the right of the integer “1”
So I believe that quote is authorized shares 100 quadrillion shares
That even beats CMKX
Hey thanks. I was just about to grab it if I didn't find it by doing a post search here on Ihub. Saves me 70 pages over at PACER.
..
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Hi
Here is a link for download.
https://fastupload.io/2a54fd9b94ab4ed2
Please note this is just the counterclaim filed on the docket by Spotify who was originally sued.
I don't think you want to see Noch's claims against Spotify? If you do I can grab that off my pacer account.
That indicates 100 quadrillion, not one. One quadrillion is 1 x 10(15) power or a one with 15 zeros to the right of the integer “1”. The number indicated in your quote is 100 quadrillion or 1 x 10(17) or a 1 with 17 zeros to the right of the integer “1”
So I believe that quote is authorized shares 100 quadrillion shares
That even beats CMKX
👏Rooting👏 for you all the way!!!!!
Due to to advice from Nevada securities attorney being retained, I will no longer publicly comment on this stock.
Case 2:19-cv-00843-JES-NPM Document 52 Filed 07/02/20 Page 7 of 70
There are 70 pages in this counterclaim plus exhibits way to much to copy/paste. If anyone wants to see the whole document I can upload it for download but I suspect this has been shared before. After the counterclaim, the case was settled out of court.
If a Jake wants to fight 350 social media users including myself and receive 350 counter claims
Civil Action No. 2:19-cv-00843-FtM-29NPM
SOSA ENTERTAINMENT LLC,
Plaintiff,
v.
SPOTIFY AB, a Swedish Corporation;
SPOTIFY USA INC., a Delaware
Corporation; SPOTIFY LIMITED, a United
Kingdom Corporation; and SPOTIFY
TECHNOLOGY S.A., a Luxembourg
Corporation,
Defendants.
Civil Action No. 2:19-cv-00843-FtM-29NPM
SPOTIFY AB, and SPOTIFY USA, INC.,
Counterclaim and Third Party
Plaintiffs,
v.
SOSA ENTERTAINMENT LLC and
JAKE P. NOCH,
Counterclaim Defendant and
Third Party Defendant.
PRELIMINARY STATEMENT
1. Spotify brings these Counterclaims to expose and remedy a multi-year campaign of fraud
and harassment directed at Spotify by Jake Noch and the entities he controls. Starting in 2016,
Noch designed a scheme to artificially generate hundreds of millions of fraudulent streams on
songs he had seeded on Spotify’s online music-streaming service. Noch’s objective was plain: to
manipulate Spotify’s system to extract undeserved royalties at the expense of hardworking artists
and songwriters.
2. The evidence of Noch’s fraudulent scheme is incontrovertible and includes:
? Blatant signifiers of artificial streaming, including highly irregular sudden spikes
of streams to Noch’s content, and 99% of streams coming from Spotify’s adsupported
service, among other signals (¶¶ 48-101);
? Written communications between a “bot farmer” and Noch, where Noch directed
the creation of millions of fake Spotify accounts to artificially stream Noch’s
content and generate unearned royalty payments (¶¶ 56-59);
? Noch’s decision to title his tracks to circumvent fraud detection and to mimic
popular song titles—for example, naming a song “SAD!” in imitation of
XXXTentacion’s hit—to confuse users and generate undeserved streams (¶ 105).
3. Fortunately, through Spotify’s fraud-detection efforts, Noch’s scheme unraveled.
Beginning in March 2016, Spotify detected unmistakable signs that a significant number of
streams of Noch’s content was artificial. Spotify’s own conclusions about the fraudulent
streaming were confirmed when a whistleblower provided Spotify with firsthand, undeniable
proof—including written communications between the whistleblower and Noch—that Noch had
directed the scheme, including directing the creation of millions of fake Spotify accounts to
artificially stream his own content.
4. With the damning evidence of Noch’s ongoing fraud in hand, Spotify’s response was
appropriately forceful: Spotify made Noch’s content unavailable for further streaming and
eventually imposed a ban on all content associated with Noch to prevent his abuse of Spotify’s
platform and the diversion of royalties from legitimate, hard-working artists.
5. Undeterred, Noch and Sosa continued their deceitful efforts, including trying to smuggle
their content back onto Spotify in violation of Spotify’s rules and asserting bogus claims of
copyright infringement. Ultimately, Noch orchestrated this lawsuit against Spotify, which asserts
yet more baseless claims. Spotify brings these Counterclaims and Third Party Claims to ensure
that Noch’s fraud is not rewarded and to undo the harm caused by Noch’s misdeeds.
INTRODUCTION
6. Jake Noch is a fraudster who has engaged in a multi-year campaign to generate artificial
streams on Spotify’s online music service, scam undeserved payments from Spotify, and gin up
bogus claims of copyright infringement after Spotify discovered Noch’s scheme and removed his
content from its service.
7. Noch touts himself as a “musical prodigy” who started a “record label” when he was
sixteen. In actuality, he has become notorious for unscrupulous dealings and illegal business
practices throughout the music industry. Among other schemes, he has been accused of (i)
withholding thousands in royalties from artists signed to Sosa, his record label; (ii) falsely
reporting hundreds of tracks for copyright infringement on various streaming music platforms
when he does not in fact own the rights to that content; (iii) flooding online streaming services
with large quantities of useless artificially-created “music” (also known as “AI music”) in an
effort to make himself look like a legitimate and successful artist and label; (iv) generating
artificial streams of his content on streaming services to trigger unearned and undeserved royalty
payments; and (v) using various subterfuges to place content on streaming services with the
express purpose of setting up meritless copyright infringement lawsuits.
8. Lately, Noch has been attempting to use the federal courts in his efforts to extract funds
from legitimate businesses. In addition to the present suit, Noch’s fledgling performing rights
organization, Pro Music Rights (“PMR”), launched, and then quickly withdrew, ten copyright
infringement actions in the Southern District of New York. Noch asserted similar copyright
infringement claims against Spotify in this action but backed down once Spotify exposed the
claims as meritless, though he has very recently asserted the same baseless claims in a misguided
effort to interfere with Spotify’s relationship with Apple. Through PMR, Noch has also filed an
antitrust action in the District of Connecticut, in which he lobs baseless claims against virtually
the entire online streaming music industry for not taking a license from PMR.
9. Spotify has been one of Noch’s frequent targets, and this case derives from the fraudulent
schemes that Noch has, on behalf of both himself and Sosa, directed at Spotify over the course of
several years. Beginning in 2015, Noch used his record label, Sosa, to enter into agreements with
certain music distributors to deliver his and Sosa’s content onto Spotify. Once their content was
on Spotify, Noch directed third parties to create millions of fake Spotify accounts, and deployed
these fake accounts to artificially stream his and Sosa’s content up to hundreds of thousands of
times daily, and hundreds of millions of times in total. This artificial streaming was fraud, and it
directly violated Spotify’s express policies and governing agreements. Noch and Sosa’s purpose
was plain: to defraud Spotify in an effort to extract unearned royalty payments, deprive
legitimate artists of royalties, and deceive Spotify’s users about the actual popularity of Noch
and Sosa’s music.
10. Spotify’s fraud-monitoring team found unmistakable signs that the streams of Noch and
Sosa’s content had been artificially inflated. In particular, the content at issue was streamed
almost exclusively using the ad-supported version of Spotify’s service, with irregular spikes in
streaming and from abnormal patterns of locations—streaming patterns that, taken together, are
highly anomalous and indicative of artificial and fraudulent stream manipulation
11. Spotify also received direct confirmation of Noch and Sosa’s fraud: one of their agents,
whom Noch had directed to create millions of fake Spotify user accounts, decided to blow the
whistle on Noch and Sosa’s illicit scheme. Noch and Sosa’s agent provided precise and
contemporaneous information to Spotify about the means Noch and Sosa used to engage in their
fraud, and then supplied documentation to support his account. Confirming that this fraudulent
activity was being done on behalf of both Noch and Sosa, the documentation that the agent
provided included screenshots of Skype conversations between the agent and Noch, who was
using a Skype account labeled “Sosa Entertainment LLC” and “jake.noch.”
12. For a time, Noch and Sosa’s scheme bore fruit, as Spotify inadvertently paid out tens of
thousands of dollars in royalties in connection with the fake streams generated as a result of their
fraudulent activity.
13. Following discovery of the fraud, Spotify acted to root out the offending content by
removing Noch and Sosa’s content and preventing its delivery onto Spotify’s platform. Spotify
expended considerable time, resources, and manpower to protect its users and safeguard its
platform from Noch and Sosa’s deceptive tactics. Even then, however, Noch and Sosa were
undeterred. After Spotify removed their content, Noch would return, using Sosa to hopscotch
from distributor to distributor, adopting aliases and/or renaming or slightly modifying previously
removed albums and recordings in the Sosa Repertoire, all in an attempt to trick Spotify and
evade its fraud detection systems.
14. After playing this game of cat-and-mouse for over a year, Spotify decided to issue
policies and protections aimed at identifying Noch and Sosa’s content and preventing such
content from going live for streaming on its platform. But not even this stopped Noch and Sosa,
as they continued to manufacture new personas to find other ways onto Spotify’s platform in
defiance of Spotify’s policies. Spotify continues to expend resources to confront and guard
against Noch and Sosa’s fraud to the present day.
15. Noch and Sosa have caused substantial harm to Spotify, including through their
siphoning of unwarranted royalty payments and by causing Spotify to direct significant time and
expense to detecting and stopping the fraudulent activity. Noch and Sosa’s scheme was also
targeted at and harmed Spotify’s users in New York and Florida (among other places), who were
deceived about the popularity of Noch and Sosa’s content. Spotify brings these counterclaims to
redress the damage caused by Noch and Sosa’s deceptive and improper actions, and to protect its
platform and those who use it.
Jibes
.. and jives with this U-1 or whatever filing:
They are really that stupid!
What the hell?? Re-incorporation to the Federation of St. Kitts and Nevis?? I missed that. But I saw the one quadrillion thing and thought WTF?
These clowns want to look like a scam. I mean, they are really trying hard. Or are these guys really that stupid? Maybe they think everybody else is really stupid. Likely a combination of all.
.
Buyer Beware
Pump and dump
..
SONG: JAKE AUTHORIZED T/A "ONE QUADRILLION" SHARES LOL !!
It ain't a typo kids - I haven't found the exact document where the words "One QUADRILLION" appear - but it's here on this old post :
https://stocktwits.com/symbol/SONG
And THAT is backed-up and jives with this U-1 or whatever filing:
https://www.otcmarkets.com/filing/html?id=16821922&guid=wVQ-k6p3ktGvJth
Get ready for astronomical units - looks like the DUMB ASS KID aka Jake Noch ain't foolin - though he looks like not only a fool but the biggest JACK ASS ever to infect the stinky pinky pennies IMO. Come on - is this parody or comedy or a skit - it's like this dude Noch is mis-wired or something WTF ????
On July 31, 2023, the directors of Music Licensing, Inc (hereinafter the “Company”), after being notified of this meeting and quorum being established, hereby agree upon the following by unanimous consent:
WHEREAS, the Company agrees that it is in the Company’s best interest to increase the current number of authorized shares.
IT IS THEREFORE RESOLVED THAT:
1. The Company shall Change the number of authorized share to 100,000,000,000,000,000 for a total of 100,000,000,000,000,000 authorized shares.
2. The authorized shares shall be Common Stock with all of the rights and privileges traditionally associated with holders of Common Stock.
This Resolution shall be effective immediately and shall be kept in within the books and records of the Company.
This increase in the current number of authorized shares will only become effective once the Company reincorporates to St. Kitts & Nevis
On July 12, 2023, a majority of the shareholders of Music Licensing, Inc. (the “Company”) adopted a Shareholder Resolution in lieu of a special meeting, approving certain fundamental changes to the Company. The shareholders approving this resolution represent more than 98.5% of all outstanding shares of the Company as of the date of its passing. A true and correct copy of the current shareholders is appended to this resolution. The Board of Directors of the Company unanimously voted in favor of the provisions herein.
The following resolutions have been approved:
1. Approval of Executive Employment Agreement: The executive employment agreement of Jake P. Noch, President and CEO of the Company, has been approved. A copy of the signed executive employment agreement is attached to this resolution as Exhibit “A”.
2. Re-incorporation to the Federation of St. Kitts and Nevis: The Company shall be re-incorporated to the Federation of St. Kitts and Nevis. The re-incorporation shall not affect the jurisdiction of the Company’s operations.
3. Drafting of Articles and Bylaws: The Company shall cause to be drafted articles and bylaws to reflect the re-incorporation and comply with the laws, rules, and regulations incumbent on corporations in the Federation of St. Kitts and Nevis.
4. Change in Regulatory Qualification: As a result of the re-incorporation outside of the United States, the Company will no longer qualify as a Regulation A Tier II Company. However, the Company shall pursue one of the following options: to Get 12g3-2(b) Certified, to become a mandatory reporting foreign issuer to the U.S. Securities and Exchange Commission, to start making disclosures in Alternative Recording Requirements, & or any other method that will allow Music Licensing, Inc.’s security/securities to still qualify for quotation(s) pursuant to 15c2-11(b)(3) in light of the re-incorporation. The Company's securities counsel shall prepare the requisite filings to effectuate such change.
The foregoing resolutions have been deemed to be in the best interest of the Company. This Resolution is effective immediately and shall be kept within the books and records of the Company.
In the world of offshore, Nevis is a bottom-feeder. It specialises in letting its clients create corporations with greater anonymity than almost anywhere else on earth. Last year, information on 70,000 Nevisian companies was leaked as part of the Paradise Papers investigation, but that didn’t help us find out who owns them: ownership information is so secret there that even the island’s own corporate registry doesn’t know. In other words, there was nothing substantial to leak.
Jake Noch Is A Caca Poopy Doo Doo Head Ass Hat !!!
There- fire off some more ...."THEY CALLED ME MEAN NAMES" subpoenas ass clown boy LOL :)))
Hope that attorney bills you by the nano second, you spineless ass clown trust fund shit brained punk. (play whining and crying diaper change track here !)
Wow he’s trying to sue everyone on Twitter lol
Unlike many artists, $O$A IFGB is a real Real Blood Gang member and can do anything with a little bit of money and lean.
Wow he’s trying to sue everyone on Twitter lol
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...
..
.
Buyer Beware
Pump and Dump
..
I found it... Though it's inferred, I think we can add him to the list...
..
.
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 !!!
Wooo-Hooo! I made the list! 😂🤣
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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