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Bingo and sorry :(
So I go kicked out for having 250,000 shares? Didn't even get 1 share? Is this why schwab is not showing songd or any numbers anymore?
$SONG $SONGD
— Pro Music Rights (@ProMusicRights) May 21, 2024
5,994 common stock shares currently outstanding. Fractional shareholders have been paid out (or are in the process of being paid out via DTCC or a check being mailed by the transfer agent) at a ratio of $100 USD per share. pic.twitter.com/aJ5q78pfDZ
So I go kicked out for having 250,000 shares? Didn't even get 1 share? Is this why schwab is not showing songd or any numbers anymore?
$SONG: MOST BAGGIES AIN'T EVEN AWAKE YET !!
lol. $10.0001
WOW 1:500,000 RS
I've seen some scams in my 40+ years of investing, but this one takes home the award.
Just when you think you seen it all, this low life screws all the common shareholders with one RS that only had one purpose.
The new MARKET CAP:
IF the share price rapidly drops the market cap drops but on stinky pinks is often artificially "propped up" VIA RAPID DILUTION increase number "A" in the "A x B = market cap" aka the outstanding/issued shares are a inflator of market cap.
LOL Yep !!
JAKE P NOCH is a ONE MAN SCAM
lol. true, but...
nvsos shows 3 presidents.
clear as mud.
JAKE P NOCH is a ONE MAN SCAM
lol. true, but...
nvsos shows 3 presidents.
clear as mud.
OFFICER INFORMATION VIEW HISTORICAL DATA
Title Name Address Last Updated Status
President James Chillemi 3811 Airport-Pulling Road North Suite 203, Naples, FL, 34105, USA 11/25/2023 Active
President Paul Ring 3811 Airport Pulling Road North Suite 203, Naples, FL, 34105, USA 11/25/2023 Active
President Jake Noch 3811 Airport Pulling Road North, Suite 203, Naples, FL, 34105, USA 07/26/2022 Active
The OS, 3,567,000,000 / 500,000 = 7,134. The TA says the OS is now 5994 shares. So, around 1,114 to say, 1,200 accounts would have had a fractional share. It depends on how it worked out. Some may have had just a few shares @ .0002, and some much closer to 499,999 shares @ .0002.
..
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Incorrect. Errors Explained :
As it sounds like it will take some time to see updated share data on the OTC website following the RS are my working assumptions and maths below correct ?
OUTSTANDING / ISSUED SHARES
I read from a post on this forum that Pro Music Rights tweeted yesterday that there were now 5,994 outstanding new SONG common shares in issue
I also recall seeing from the OTC site before the RS date that SONG had outstanding 802,635,215 shares which after a 500,000 to one split would have converted into 1,605 new shares
Is it correct to assume that all or most of the difference of 4,389 new shares (5,994 less 1,605) is due to new or old shares issued under the 3(a)(10) in connection with the $12m salary award from 2023 of the CEO and his family office ?
AUTHORISED SHARES
I read on the Silver Flume website today that SONG had an authorised share capital of
1 Preferred Share
14,500,000,000 Common shares
As this look like “old share” data before the RS it is presumably reasonable to assume that the company is still in the process of updating this data as the RS has only just occurred
In the meantime I am therefore assuming that the Authorised common shares figure above would have converted into 29,000 Authorised new common shares at 500,000:1 unless a resolution was passed by the company to change the number of Authorised shares which I may have missed.
FURTHER DILUTION ?
Has the company confirmed whether the issue of new shares under the 2023 3(a)(10) was complete by the time the company got to 5,994 outstanding new common shares or do more new shares still need to be issued to cover any residual balance under the convertible loan note issued under the 3(a)(10) process ?
Also does the company have the operating cash flow going forwards to pay the recurring $12m annual basic salary of the CEO for 2024 and future years and other costs or will further new shares still need to be issued ?
As the single Preferred share (held by the CEO) holds most of the voting rights of the company is it reasonable to assume the company could in theory with the vote of the preferred shareholder alone issue up to 23,006 additional new shares ( 29,000 - 5,994 ) or at the option of the preferred shareholder simply adjust its authorised share capital again ( up or down ) with the vote of the preferred share holder ?
I would welcome any feedback on anything I have misunderstood or errors on my calculations as I get confused by such big numbers and am personally finding it difficult to follow this whole RS process.
$SONG $SONGD
— Pro Music Rights (@ProMusicRights) May 21, 2024
5,994 common stock shares currently outstanding. Fractional shareholders have been paid out (or are in the process of being paid out via DTCC or a check being mailed by the transfer agent) at a ratio of $100 USD per share. pic.twitter.com/aJ5q78pfDZ
CEO "planned" to make open market purchases in the amount of $500k "planned" to initiate buybacks "planned" to reduce authorized shares pending board approval "planned" forward split post RS. Let's just see how many of these "plans" come to fruition.
Yes, agree. This CEO says a lot of things with wording that provides leeway absolving him from such things and unfavorable outcomes.
https://esos.nv.gov/EntitySearch/BusinessFilingHistoryOnline
https://esos.nv.gov/EntitySearch/BusinessInformation
Entity Name:MUSIC LICENSING INC.Entity Number:C25725-1997
Entity Type:Domestic Corporation (78)Entity Status:Active
Formation Date:11/17/1997NV Business ID:NV19971325555
Termination Date:Annual Report Due Date:11/30/2024
Compliance Hold:
REGISTERED AGENT INFORMATION
Name of Individual or Legal Entity:VCORP SERVICES, LLCStatus:Active
CRA Agent Entity Type:Registered Agent Type:Commercial Registered Agent
NV Business ID:Office or Position:
Jurisdiction:NEW YORK
Street Address:701 S. CARSON STREET, SUITE 200, Carson City, NV, 89701, USA
Mailing Address:
OFFICER INFORMATION VIEW HISTORICAL DATA
Title Name Address Last Updated Status
President James Chillemi 3811 Airport-Pulling Road North Suite 203, Naples, FL, 34105, USA 11/25/2023 Active
President Paul Ring 3811 Airport Pulling Road North Suite 203, Naples, FL, 34105, USA 11/25/2023 Active
Director Vito Roppo 3811 Airport Pulling Road North Suite 203, Naples, FL, 34105, USA 11/25/2023 Active
Director Rodrigo Di Federico 3811 Airport Pulling Road North Suite 203, Naples, FL, 34105, USA 11/25/2023 Active
President Jake Noch 3811 Airport Pulling Road North, Suite 203, Naples, FL, 34105, USA 07/26/2022 Active
< Previous ... 12 ... Next >Page 1 of 2, records 1 to 5 of 7
Go to Page
CURRENT SHARES
Class/Series Type Share Number Value
Preferred 1 0.001
Common 14,500,000,000 0.000000000001
Page 1 of 1, records 1 to 2 of 2
Number of No Par Value Shares:0
Total Authorized Capital:14,500,000
Entity Name:MUSIC LICENSING INC.Entity Number:C25725-1997
Entity Type:Domestic Corporation (78)Entity Status:Active
Formation Date:11/17/1997NV Business ID:NV19971325555
Termination Date:Annual Report Due Date:11/30/2024
Compliance Hold:
FILING HISTORY DETAILS
File Date Effective Date Filing Number Document Type Amendment Type Source # of Pages View
04/18/2024 04/18/2024 20244001184 Amendment After Issuance of Stock Internal 6 Snap Shot
04/10/2024 04/10/2024 20243982064 Withdrawal of Designation Internal 3 Snap Shot
04/03/2024 04/03/2024 20243967252 Amended and Restated Articles Internal 4 Snap Shot
04/03/2024 04/03/2024 20243967273 Certificate of Designation Internal 5 Snap Shot
04/03/2024 04/03/2024 20243967159 Amended and Restated Articles Internal 8 Snap Shot
04/03/2024 04/03/2024 20243967245 Amended and Restated Articles Internal 8 Snap Shot
04/03/2024 04/03/2024 20243967269 Certificate of Designation Internal 8 Snap Shot
04/03/2024 04/03/2024 20243967264 Certificate of Designation Internal 9 Snap Shot
03/15/2024 03/15/2024 20243915571 Certificate of Correction Internal 1 Snap Shot
03/15/2024 03/15/2024 20243915577 Certificate of Correction Internal 1 Snap Shot
03/14/2024 03/14/2024 20243914783 Certificate of Correction Stock Change Internal 1 Snap Shot
03/14/2024 03/14/2024 20243914776 Certificate of Correction Internal 1 Snap Shot
03/14/2024 03/14/2024 20243912748 Amended Certification of Stock Designati... Stock Change External 6 Snap Shot
03/13/2024 03/13/2024 20243911529 Amendment After Issuance of Stock Stock Change External 13 Snap Shot
02/15/2024 02/15/2024 20243822503 Certificate of Designation External 1 Snap Shot
01/19/2024 01/19/2024 20243766450 Amendment After Issuance of Stock External 3 Snap Shot
11/25/2023 11/25/2023 20233652188 Amendment After Issuance of Stock External 2 Snap Shot
11/25/2023 11/25/2023 20233651981 Annual List External 3 Snap Shot
11/14/2023 11/14/2023 20233623406 Amendment After Issuance of Stock Internal 2 Snap Shot
01/27/2023 01/27/2023 20233461614 Registered Agent-Statement of Change Internal 1 Snap Shot
12/07/2022 12/07/2022 20222801828 Annual List Internal 3 Snap Shot
11/16/2022 11/16/2022 20222760208 Amendment After Issuance of Stock Internal 2 Snap Shot
09/22/2022 09/22/2022 20222631923 Amendment After Issuance of Stock Internal 5 Snap Shot
08/02/2022 08/02/2022 20222524895 Amendment After Issuance of Stock Internal 3 Snap Shot
07/29/2022 07/29/2022 20222520063 Certificate of Correction Internal 11 Snap Shot
07/26/2022 07/26/2022 20222502273 Annual List External 2 Snap Shot
07/02/2021 07/02/2021 20211579280 Certificate of Reinstatement External 4 Snap Shot
11/30/2018 11/30/2018 20180516708-78 Annual List External 2 Snap Shot
04/02/2018 04/02/2018 20180151874-47 Amendment Internal 6 Snap Shot
03/21/2018 03/21/2018 20180128318-24 Annual List External 2 Snap Shot
03/13/2018 03/13/2018 20180115125-26 Amendment Internal 1 Snap Shot
03/09/2018 03/09/2018 20180110787-25 Certificate of Correction Internal 1 Snap Shot
03/09/2018 03/09/2018 20180110791-80 Certificate of Acceptance by Registered ... Internal 1 Snap Shot
01/16/2018 01/16/2018 20180021332-42 Merge Out Internal 12 Snap Shot
12/05/2017 12/05/2017 20170514164-31 Resignation of Registered Agent Internal 4 Snap Shot
03/14/2017 03/14/2017 20170111115-00 Annual List External 2 Snap Shot
03/14/2016 03/14/2016 20160115248-60 Amended List External 2 Snap Shot
03/11/2016 03/11/2016 20160112799-68 Amendment Internal 1 Snap Shot
03/10/2016 03/10/2016 20160111040-86 Amendment Internal 1 Snap Shot
03/09/2016 03/09/2016 20160108962-65 Annual List Internal 1 Snap Shot
03/13/2015 03/13/2015 20150115359-82 Annual List Internal 1 Snap Shot
11/06/2014 11/06/2014 20140753359-89 Amendment Internal 1 Snap Shot
01/14/2014 01/14/2014 20140027672-91 Annual List External 1 Snap Shot
08/19/2013 08/19/2013 20130545604-30 Amendment Internal 1 Snap Shot
11/09/2012 11/09/2012 20120762676-79 Annual List Internal 1 Snap Shot
01/11/2012 01/11/2012 20120023613-60 Annual List Internal 1 Snap Shot
01/06/2011 01/06/2011 20110010438-40 Amendment Internal 1 Snap Shot
01/03/2011 01/03/2011 20110015469-19 Certificate of Resignation Internal 1 Snap Shot
01/03/2011 01/03/2011 20110015460-20 Certificate of Resignation Internal 1 Snap Shot
12/30/2010 12/30/2010 20100976257-99
Jake needs to allow the TA to update. The TA was gaged by Jake... OTCMarkets does not take responsibility for, nor have access to that data.
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I agree Walter4 , normally a RS only impacts outstanding shares not authorized shares but nothing ever seems to be “normal” or totally transparent when it comes to this stock and it’s CEO
In the press release the company released on May, 19 they stated “In addition, Music Licensing, Inc. plans to significantly reduce its number of authorized shares pending board approval”
The “pending board approval” line renders the above PR statement about authorized shares meaningless and besides as I understand it the board could simply increase the number of authorized shares again whenever it wishes when asked to do so by the preference share holder who controls the shareholder votes and is also the CEO
It would all have been much simpler and easier to understand if the company had put all the information into one clear and concise statement of all relevant facts approved by the board at the time it released its press statement
I guess we now just have to speculate and await formal announcements in due course by the company or by the authorities to know what is actually happening / planned here
As of May 6, 2024, SONG (Music Licensing) had 3,567,000,000 shares outstanding.
I won't be playing this, so this is my last comment. I will feel sorry for those who buy in. Any company that conducts a 1:500,000 R/S, in my opinion, does not deserve my vote at all. Just as before, they will be taken advantage of. Just my opinion. GL and signing out of here.
I think dilution will commence once things settle and "D" extension removed. Just my guess.
Refer to section titled "Principle Effects of Reverse Stock Split" https://www.sec.gov/Archives/edgar/data/1020475/000101706203000180/dpre14c.htm#:~:text=The%20number%20of%20outstanding%20shares%20of%20Common%20Stock%20will%20be,will%20not%20be%20so%20decreased.
The number of outstanding shares of Common Stock will be decreased as a result of the Reverse Stock Split, but the number of authorized shares of Common Stock will not.
As it sounds like it will take some time to see updated share data on the OTC website following the RS are my working assumptions and maths below correct ?
OUTSTANDING / ISSUED SHARES
I read from a post on this forum that Pro Music Rights tweeted yesterday that there were now 5,994 outstanding new SONG common shares in issue
I also recall seeing from the OTC site before the RS date that SONG had outstanding 802,635,215 shares which after a 500,000 to one split would have converted into 1,605 new shares
Is it correct to assume that all or most of the difference of 4,389 new shares (5,994 less 1,605) is due to new or old shares issued under the 3(a)(10) in connection with the $12m salary award from 2023 of the CEO and his family office ?
AUTHORISED SHARES
I read on the Silver Flume website today that SONG had an authorised share capital of
1 Preferred Share
14,500,000,000 Common shares
As this look like “old share” data before the RS it is presumably reasonable to assume that the company is still in the process of updating this data as the RS has only just occurred
In the meantime I am therefore assuming that the Authorised common shares figure above would have converted into 29,000 Authorised new common shares at 500,000:1 unless a resolution was passed by the company to change the number of Authorised shares which I may have missed.
FURTHER DILUTION ?
Has the company confirmed whether the issue of new shares under the 2023 3(a)(10) was complete by the time the company got to 5,994 outstanding new common shares or do more new shares still need to be issued to cover any residual balance under the convertible loan note issued under the 3(a)(10) process ?
Also does the company have the operating cash flow going forwards to pay the recurring $12m annual basic salary of the CEO for 2024 and future years and other costs or will further new shares still need to be issued ?
As the single Preferred share (held by the CEO) holds most of the voting rights of the company is it reasonable to assume the company could in theory with the vote of the preferred shareholder alone issue up to 23,006 additional new shares ( 29,000 - 5,994 ) or at the option of the preferred shareholder simply adjust its authorised share capital again ( up or down ) with the vote of the preferred share holder ?
I would welcome any feedback on anything I have misunderstood or errors on my calculations as I get confused by such big numbers and am personally finding it difficult to follow this whole RS process.
While some information may not be fully updated because of the 1:500,000 R/S where the "D" extension is added to the Symbol, there should be some information such as the Market Cap, Authorized Share amount, Par Value should already be updated. Of course, you have to understand whom you are dealing with, this company. There are probably people still trying to figure out all the information, as this was a first and completely unprecedented action. There is typically a 20-day period for which everything should be updated, but again, who or what is anyone dealing with here?
OTC data
Can anyone on this forum explain why the OTC data has not been updated on this stock ?
SONGD SECURITY DETAILS
Share Structure
Market Cap Market Cap
Not Available
Authorized Shares
Not Available
Outstanding Shares
Not Available
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
Not Available
Float
Not Available
Par Value
Not Available
What may happen, since this occurred, is that they may increase the share authorization and try to steal more money from people. There seems to be a few that will have their money taken already.
Don't you mean a 500,000:1 Forward Split? Need to work on expressing proper ratios of splits...LOL This just had a 1:500,000 Reverse Split.
so in theory the .0001 was $100 post split
here are the trades today so down another 90%. thinking this guy may join the hall of fame with Rufus Petar Mario and so many others - so sad I let that board die we just had so many interesting people there - Pearl, The JBII guy, the list is very long
Last 5 trades
Time X Price Chg Vol
15:31:34 Q 10.00 20
15:07:39 Q 7.00 -3.00 8
15:01:36 Q 7.00 -3.00 2
14:57:07 Q 7.00 -3.00 1
13:45:04 Q 5.36 -4.64 1
$SONG: DIRTY JAKE SAYS "$100 HIT THE ROAD" LMAO !!!
The dude LITERALLY "by design and with pre-planned intent and malice" IMO....he "with the stoke of a con's scum bag pen"....WIPED OUT THE ENTIRE BAGHOLDER BASE...
THIS...this was no freaking accident boys n girls.....this Jake P Noch ass hat is one REAL POS and scum bag....even by STINKY PINKY GUTTER SCAM "standards" LMAO !!
From 100 bucks to 10 today. It can only get worse with the MO and track record this "CEO"...
$SONG $SONGD
— Pro Music Rights (@ProMusicRights) May 21, 2024
5,994 common stock shares currently outstanding. Fractional shareholders have been paid out (or are in the process of being paid out via DTCC or a check being mailed by the transfer agent) at a ratio of $100 USD per share. pic.twitter.com/aJ5q78pfDZ
SONG BAGGIES <500K Shares Get $100 Bucks !!!
Remember folks - DIRTY JAKE he did this 100% "planned and with intent" and he has essentially WIPED OUT the entire retail aka BAGHOLDER share base !!!
There is literally almost no "common shareholders" left on this mega scam now - and it's "by design" of one and only DIRTY JAKE aka Jack P. Noch Naples FL !!
He originally was going to give them, "$1 buck for any partial share up to 1 share left after the record setting 1 for 500,000 reverse split" - I guess THE KID aka DIRTY JAKE got smacked by his lawyers or grew a partial brain stem and "upped the ante" to a big ole $100 buckaroos LMAO !!!
Soo...some poor dumb sucker penny dupe and mark SOB who fell for this crime scene and say blew say $2 grand or even $5 grand or even $10 grand or more.....aka ANYONE UP TO holding a bag of 500K SHARES OR LESS - when divided by 500,000 post split.....gets a BENJAMIN PRIZE from DIRTY JAKE...not even a decent steak dinner for two in this day and age....$100 shitty bucks...no matter what..... !!
THIS is one of the dirtiest shit show stinky pinky cons I think I've ever crossed paths with - the dude WITH INTENT just wiped his common bagholders and IMO did it for SPITE as they "Say mean things about me" blah blah blah .
$SONG $SONGD
— Pro Music Rights (@ProMusicRights) May 21, 2024
5,994 common stock shares currently outstanding. Fractional shareholders have been paid out (or are in the process of being paid out via DTCC or a check being mailed by the transfer agent) at a ratio of $100 USD per share. pic.twitter.com/aJ5q78pfDZ
I think it’s the first letter of a 2 syllable word that begins with “D” and ends in “g” and contains 9 letters
If you want to purchase iHub vowels, May I suggest an “O”, “U”, “E”, “A”
One would be wasting their money purchasing an “I” or a “Y”
it is an indicator placed by finra to alert investors that a split has recently taken place.
What is this “D” a symbol for ? What does it indicate ? Is there a “b” that follows this ?
I am trying hard to think of what that big “D” stands for…
nope. the D lasts for 20 days.
nope. the D lasts for 20 days.
Down, it will go down....
D should come off anytime. Let's see where it'll go.
Hold on. You might get another 500,000:1 reverse split next week.🤣
Jake left his major shareholders with enough to get a cup of ☕️coffee☕️ but not an entire 😀happy🍔meal🍟 after commission. And he sues them for not being good sports about it for good measure. Truly Unreal.
Currently down 96.5% from the split price. Last trade was one share @ 7.00. There was also a trade of one share @ 5.36 earlier.
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Wasn’t this showing $10.00 or $100.00 yesterday close ?
Did they halt this ?
I see the 5,000:1 from 2016 and the 500,000:1 from yesterday
These guys giving MULN a run for sleaze
To Da Moooooon !...😂🤣😅
Pulling back on any buys here. Just not worth it in my book. Have fun.
I had to raid my cookie jar to come up with the amount needed for this...LOL
LMFAO...You have now.
Well, this is lucky I even put in a bid at all...LMAO
OMG...it is 500k to 1. Never seen one that large.
WTF?!?!?
There will be no buyback, the lawsuits are also a scam.
CEO talked a good game about potential listings on the Canadian and European exchanges, at the height of the Twitter or (X) non stop self promotional postings even floated the notion or intention of a possible listing on the NYSE. IMO PMR is looking more and more to be a house of cards ready to collapse under the slightest breeze, ripe for further dilution in the pursuit of self enrichment and major exchange listing through dilutive measures tied to the use (possible abuse) of the 3(a)(10). Proposed buybacks are meant to counteract or offset effects felt from dilution, however IMO the effect from the amount of dilution required will by far outweigh the effect of any proposed buybacks. CEO laid out a hypothetical about post split open market purchases in the amount of $500k. Open market purchase along with buybacks may provide some form of temporary relief but are not a solution to the much larger problem.
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