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SONG scammy stock, no SS update on otc markets for a reason…… I bet it’s through the roof…….as most otc play games who don’t update SS then raise AS and dilute like crazy.
"What looks like" ? So he's not sure and that could be SLANDER ?
Only Jake has that many shares....after getting to 0.001 almost some dude dumped 8s 7s and had 210M on the ask at 0.0007
$SONG MUSIC LICENSING, INC. ADDRESSES TARGETED FALSE NARRATIVE CAMPAIGN ON SOCIAL MEDIA.
The campaign is all over the place! This might be a good thing for long serious shareholders.
https://promusicrights.com/news/music-licensing-inc-addresses-targeted-false-narrative-campaign-on-social-media/965735906032018021696?utm_source=dlvr.it&utm_medium=twitter
Wow, that is something! This could change a lot of things on the OTC.
Looks like the $SONG CEO Is going after the Bashers that caused todays cordinated drop
$SONG: We have just sent out the following legal notice: https://t.co/vlmCB4Npv7 pic.twitter.com/ia3FtNGlLV
— Pro Music Rights (@ProMusicRights) February 27, 2024
IHeart Media, Vevo, Napster, 7Digital, Meijer, Triller, TikTok/Bytedance, and even the United States Navy, among many others.
Scroll Down to the bottom of page
https://promusicrights.com/aboutus?utm_source=dlvr.it&utm_medium=twitter
CEO says, he'll buy $500,000 worth of shares in the open market later. But If he buys shares right now instead of later, he'll take lots of shares off from circulating, less and less shares for day traders and flippers and obviously the share price will be going up automatically.
I think it'll be a wise move if the CEO starts buying $500,000 worth of shares now in the open market.
Here's what the CEO says bellow.
"Our CEO/Chairman will then seek to buy half a million USD worth of shares on the open market with his own personal funds post-split as a confidence boost to the market. Additionally, the company will seek to start its already previously disclosed buyback plan".
$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 (with the goal to have fewer than 30,000 Shares outstanding). Our CEO/Chairman will then seek to buy half a million USD worth of shares on the open market with his own personal funds post-split as a confidence boost to the market. Additionally, the company will seek to start its already previously disclosed buyback plan. If this scares anyone, then we are not the company for you, as you are most likely a day trader or "tick flipper" who only cares about our company to try and sell shares at the next price level up. Why are we doing this? Simply put, we have over $1 billion USD of revenue and a market cap that is still surprisingly low. Not to mention, every time the company gains traction, there are individuals who buy up a bunch of shares, and then, when the price increases a couple of ticks, they sell all their shares at once, causing everyone to panic and blame the company, which then creates a false narrative of "dilution." So, for those who have asked, there is your answer: we will cancel it if it makes sense to do so, and if not, we will proceed with it...
Wow….less than 30k outstanding shares?? Now that would be pretty interesting. I’ve never heard of a share count that low.
Most pennies don't have this many millions in assets and revenues,they should become profitable once the cut back on expenses running the company,it worth holding on to a few million shares ,im retired anyway better than the casino
$SONG Pro Music Rights
@ProMusicRights
$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 (with the goal to have fewer than 30,000 Shares outstanding). Our CEO/Chairman will then seek to buy half a million USD worth of shares on the open market with his own personal funds post-split as a confidence boost to the market. Additionally, the company will seek to start its already previously disclosed buyback plan. If this scares anyone, then we are not the company for you, as you are most likely a day trader or "tick flipper" who only cares about our company to try and sell shares at the next price level up. Why are we doing this? Simply put, we have over $1 billion USD of revenue and a market cap that is still surprisingly low. Not to mention, every time the company gains traction, there are individuals who buy up a bunch of shares, and then, when the price increases a couple of ticks, they sell all their shares at once, causing everyone to panic and blame the company, which then creates a false narrative of "dilution." So, for those who have asked, there is your answer: we will cancel it if it makes sense to do so, and if not, we will proceed with it...
4:13 PM · Feb 26, 2024
https://www.otcmarkets.com/stock/SONG/news/story?e&id=2777105
https://www.otcmarkets.com/filing/html?id=17304704&guid=Bcd-kq5omGj4B3h
https://www.otcmarkets.com/stock/SONG/security
Additionally, if you notice in the financials, he was owed 12 million USD in salary, but rather than converting and taking 12 million USD, he paid in approximately an additional $300,000+ USD into the company.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173926815
$SONG: The 3(a)(10) arrangement our CEO had is a court-approved arrangement. Its structure is solely based on the dollar amount realized, not the number of shares. This means that if he were ever to convert, the higher the stock price went, the fewer shares would be able to be… pic.twitter.com/Pf6C1xc41z
— Pro Music Rights (@ProMusicRights) February 26, 2024
it does not make sense how someone can pay themselves so much, unless the company is doing 10x's that in sales.. which I do not see.....but, since he wones every position in the company, he can do whatever he wants, which is steal the company and in thoery, he will outright own the company very shortly, for not doing much for it...
$SONG Weak hands just panic sold at the end of day! This may just be starting a new chapter for success!
Negatives will always be negatives regardless of whatever positivity they see!
Good point!!!
Pro Music Rights
$SONG: The 3(a)(10) arrangement our CEO had is a court-approved arrangement. Its structure is solely based on the dollar amount realized, not the number of shares. This means that if he were ever to convert, the higher the stock price went, the fewer shares would be able to be sold on the market. Additionally, if you notice in the financials, he was owed 12 million USD in salary, but rather than converting and taking 12 million USD, he paid in approximately an additional $300,000+ USD into the company. So please, stop spreading disinformation. Also, we released audited financials today—how about people start reading those rather than getting their information from trolls online? (We released audited financials with over $1 billion of revenue on them. What more could anyone possibly want from an OTC company? But please feel free to continue to listen to trolls online. We will still go out and work on bringing shareholders value every single day as we have done and will continue to do.)
Thanks for this - geez, they do seem super defensive though - calling people trolls? My thinking is why do they even care? If you've got the goods, then the "trolls" don't matter. It just comes across as unprofessional IMO....I'd still like an explanation for the $993 million in "bad debts" on the financials too.
Still long, particularly in the trips, but my enthusiasm is a bit more tempered. JMO...we will see. I'm holding for awhile to see what happens.
*****READ THIS POST FROM THE COMPANY******
$SONG: The 3(a)(10) arrangement our CEO had is a court-approved arrangement. Its structure is solely based on the dollar amount realized, not the number of shares. This means that if he were ever to convert, the higher the stock price went, the fewer shares would be able to be sold on the market.
Additionally, if you notice in the financials, he was owed 12 million USD in salary, but rather than converting and taking 12 million USD, he paid in approximately an additional $300,000+ USD into the company.
So please, stop spreading disinformation.
Also, we released audited financials today—how about people start reading those rather than getting their information from trolls online? (We released audited financials with over $1 billion of revenue on them.
What more could anyone possibly want from an OTC company?
But please feel free to continue to listen to trolls online.
We will still go out and work on bringing shareholders value every single day as we have done and will continue to do
THE FINANCIALS RELEASED TODAY
https://www.sec.gov/Archives/edgar/data/1671132/000121390024016747/ea0200543ex999-2_musiclicen.htm
-----------------
Key financial highlights for the fiscal year 2023 include:
Total Revenue: Music Licensing, Inc. reported total revenue of $1,052,274,588 USD, showcasing its ability to generate substantial income in a competitive market environment.
Net Profit: The company achieved a net profit of $46,033,387 USD, demonstrating its efficiency in managing costs and maximizing profitability.
Total Equity: Music Licensing, Inc. reported total equity of $49,580,139 USD, reflecting its solid financial position and stability.
Shares Outstanding: As of December 31, 2023, the company had 802,635,215 shares outstanding, indicating its continued commitment to shareholder transparency and accountability.
Earnings Per Share (EPS): The company reported an EPS of approximately $0.057 USD per share, highlighting its ability to deliver value to shareholders through earnings growth.
Book Value Per Share: Music Licensing, Inc. reported a book value per share of approximately $0.062 USD, reaffirming its strong asset base and financial health.
https://www.otcmarkets.com/stock/SONG/news/story?e=&id=2777105
$SONG: The 3(a)(10) arrangement our CEO had is a court-approved arrangement. Its structure is solely based on the dollar amount realized, not the number of shares. This means that if he were ever to convert, the higher the stock price went, the fewer shares would be able to be… pic.twitter.com/Pf6C1xc41z
— Pro Music Rights (@ProMusicRights) February 26, 2024
$SONG: The 3(a)(10) arrangement our CEO had is a court-approved arrangement. Its structure is solely based on the dollar amount realized, not the number of shares. This means that if he were ever to convert, the higher the stock price went, the fewer shares would be able to be… pic.twitter.com/Pf6C1xc41z
— Pro Music Rights (@ProMusicRights) February 26, 2024
I didn't see? Those are reasonable points across the board. I think it mentions the par value of the stock at .001. I found that interesting. It's definitely a lotto play I agree - but I think it's as good as any play on the OTC (for what that's worth).
OK. Thank you. Dilution is better than delusion I guess. :)
Did You happen to note what the conversion pps is at on the Notes
My experience is that usually they take it north enough to sell down from if there is a Lot of dumping to be done
On the other hand, there could be a dumpathon and just blow out the A/s into a R/S
Just a Lotto Play
GL
Yeah yeah yeah ok ok :)
You just stabbed me in the heart haha.... I have 15 mil shares in KEGS. I'm hopeful over there with Maggie's on the River and the beer expanding into stores throughout Ontario. I actually really love 1812 Amber - I get it though - you still have to be able to market it effectively. We shall see.
Your overall point is a good one - the OTC is a crap shoot! I too like the odds of at least a doub here. I'm not holding my breath for 1,000% :)
Unless it is another KEGS, it should at least double from here _ Crap shoot - lol
Chart
https://schrts.co/iRrjGtJS
xxxxxxxxxxxxxx
Yeah that's what we just don't know...how can it be 2 billion if a convertible note is sitting out there at $12.3 mil? That seems odd to me.
I'm long, I bought some shares here today (I'm not rich, just a mil shares), but there are definitely some questions here - welcome to the OTC.
On this board though, I appreciate that those who are skeptical are pointing out the problems in a kind way. Nobody's offending anyone - this seems to be a peaceful board for now, which is unusual in OTC land. I like hearing the arguments from both sides. I like the low market cap, but have a lot of questions on the financials.
record volume, seemed like manipulation end of day, see how tomorrow plays out.
If the A/S is really 2 Bill, this should climb if the Vol keeps Up...imo
https://www.otcmarkets.com/stock/SONG/security
Yup.. getting interesting here..
SONG
Welp...we'll see.
I nibbled some on this one today, but I think there are still some question marks on the financials. The cash on hand of $415 has been pointed out, as well as the $12.3 million convertible note:
"As of December 31, 2023, the total amount of the convertible note is $12,308,525 which compromises the annual salary amount of $12,000,000 and the total payments of $308,525 toward acquiring assets and payment of expenses from Jake P. Noch Family Office LLC."
There's also $993 million in "bad debt expense", of which $719 million was in the first quarter of the year. Does anyone know what this was for?
$12 million would be about 15 billion shares.
…guys read the filing today: $12 mil in converts goes toJakes annual salary…alsofor ‘making’ this billion dollars they lost $96,000 Q4 2023…and have $415 in cash at end of year? I wont post here again, but want newbies to know what they are buying ….something is not adding up:
NOTE 7 – CONVERTIBLE NOTES PAYABLE
“Executive Salary: The agreement provisions for an annual salary of $12 million for Jake P. Noch. This salary arrangement is primarily financed through the issuance of shares under the 3(a)(10) exemption, thereby minimizing cash outflows for the company.”
“On June 25, 2023, Music Licensing Inc. entered into an Employment Agreement with Jake P. Noch, appointing him as Chief Executive Officer, Chairman of the Board of Directors, President, Secretary, and Interim Chief Financial Officer. The Agreement outlines various terms of employment, including duties, compensation, and termination provisions.
Compensation to Mr. Noch is structured in the form of a convertible note, allowing him to receive shares worth twelve million dollars ($12,000,000.00) upon conversion. The note remains valid until Mr. Noch realizes the full amount, and additional shares may be added to the convertible note as necessary. The timing of payments under this agreement is at the discretion of Mr. Noch and can be received in various increments (monthly, quarterly, or annually). Upon conversion of the note, the beneficiary of the shares may be either Mr. Noch or the Jake P. Noch Family Office LLC.
As of December 31, 2023, the total amount of the convertible note is $12,308,525 which compromises the annual salary amount of $12,000,000 and the total payments of $308,525 toward acquiring assets and payment of expenses from Jake P. Noch Family Office LLC.“
Does any of this make sense? I used to be here but the CEO …seems a bit …off.
Generally indicative of dilution. Chart shows a ton of shares loaded over the past 4-5 months. Could be getting unloaded into today's filing.
Can someone explain what is happening? Huge Volume and the price keeps dropping?
Some ASSHOLE/S PLAYING GAMES, 5.7M .0007's
I wish I had some funds to buy this drop. I don't think it lasts long - we shall see!
6x7 with 7.5 million on the ask. Wow. What a turd.
Come on Folks let’s slap these 7’s together!!!
Bagholders incoming lol
Back to 7x8...looks like massive dilution here.
Much more coming we could see .01 in weeks
$SONG pic.twitter.com/gVi0mu67iz
— PENNIES to STACKS (@PENNIEStoSTACKS) February 26, 2024
That is wild! Thanks again...I wonder what percentage stake they have in the royalty trust?
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