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😆 Oh boy. Ya mon get Irie
NEWS:
https://promusicrights.com/
Business Description
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, MoneyBaggYo, Larry June, Trae Pound, Sause Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, 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, Fall Out Boy, and countless others, as well as Artificial Intelligence (A.I.) Created Music.
https://www.otcmarkets.com/stock/SONG/profile
On March 25, 2024, Music Licensing, Inc. (OTC: SONG) instructed its legal counsel to withdraw the legal action filed against FINRA. This action was initiated to seek a declaratory ruling requesting FINRA to process the Reverse Stock Split. Music Licensing, Inc. firmly believes that FINRA will imminently process the stock split. Upon the occurrence of the Stock Split, Music Licensing, Inc. anticipates being able to execute its growth strategies through the continued acquisition of royalty-generating Intellectual Property (IP).
Music Licensing, Inc. recently acquired royalty interests in Listerine "Mouthwash" Antiseptic on February 22, 2024, and has previously acquired royalty interests in musical works by industry luminaries such as Elton John, Miley Cyrus, Lil Wayne, Lil Nas X, XXXTENTACION, and Halsey. The company is confident that upon the successful processing of the reverse stock split in the near future, it will be able to utilize the reimbursement clauses within our CEO's Court-approved 3(a)(10) arrangement to finance further acquisitions of royalty-generating IP.
Management envisions scaling these acquisitions of royalty-generating IP to achieve positive cash flow for the company, enabling it to cover operational costs and fund additional acquisitions for sustained growth. Furthermore, management intends to implement a long-term Buy-Back program once the company achieves self-sustainability, utilizing a percentage of cash flows from these acquisitions to counteract the potential dilutive effects of the court-approved 3(a)(10) arrangement held with Jake P. Noch and Jake P. Noch Family Office, LLC.
While acknowledging that dilution in any form is not favorable to shareholders, management believes that the long-term benefits outweigh the negatives. The reimbursement process under the court-approved 3(a)(10) arrangement does not accrue interest and necessitates pre-payment for assets by Jake P. Noch / Jake P. Noch Family Office, LLC before seeking reimbursement through the court-approved arrangement.
This withdrawal of legal action against FINRA underscores Music Licensing, Inc.'s confidence in the imminent processing of the Reverse Stock Split and its commitment to executing its strategic growth initiatives.
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. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & 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., 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.
FORM 1-U
https://www.otcmarkets.com/filing/html?id=17397660&guid=rzQ-kab2dG_GB3h
SEC Filings
https://www.otcmarkets.com/stock/SONG/disclosure
News https://www.otcmarkets.com/stock/SONG/news
Music Licensing, Inc. Addresses Shareholder Inquiries Regarding Stock Consolidation and Strategic AcquisitionsGlobeNewswire | 04/02/2024
Music Licensing, Inc. Welcomes Public Participation in Q&A SessionGlobeNewswire | 03/26/2024
Music Licensing, Inc. (OTC: SONG) Initiates Strategic Stock Restructuring and Highlights Key AchievementsGlobeNewswire | 03/12/2024
Music Licensing, Inc. (OTC: SONG) Announces "Penny Stock Exempt" Status and Launches Licensing Enforcement CampaignGlobeNewswire | 03/05/2024
Music Licensing, Inc. Clears "Shell Risk" Designation from OTC Markets Group ProfileGlobeNewswire | 03/01/2024
Music Licensing, Inc. Issues Cease and Desist Notices in Response to False Narrative CampaignGlobeNewswire | 02/27/2024
Music Licensing, Inc. Addresses Targeted False Narrative Campaign on Social MediaGlobeNewswire | 02/27/2024
Worth a look. Make your own judgement call.
https://x.com/PARADYJakePNoch?t=dW0fo5OcGJv0YsjBuwefeQ&s=09
SONG!!! WELL AREN'T THEY LIARS TOO???
They need to go to jail.
It's a One Clown Show _ tmk
Jake P. Noch
SONG officers need to be removed. FINRA, SEC, OTCM, U.S. Gov't ALL culpable, complicit, guilty of malfeasances, entrapment, intent to commit fraud, incompetence, fiduciary incompetence in allowing or participating in Dark Pools, etc,
Shares have ballooned from just over 800mil to over 3bil with one J share having a par value of I believe 14.5bil shares or so with which the CEO has already stated will be used for future acquisitions and has a dilutive effect on shareholders that he hopes to counteract with potential buybacks. Further dilution is certain, potential buybacks are just that...potential. Averaged down and pray to minimize loss or break even at this point, very disappointed to date and feel horrible for those who have been wiped out of their investments.
There have been a lot of cross trades and not much evidence of massive dilution.
It looks like a nice buying opportunity could be shaping up.
If the company is participating in "Dark Pools" we won't know immediately
but if there was massive dilution there would be more evidence.
What if SONG went Penny Exempt to attract $$ Fund mgrs who picked up shares cheap as the "retail shark bait" got scared and sold?
Any way u look at it, it could be argued that an attempt of Securities Fraud has been done.
MM's, FINRA & SEC are culpable. This could be a classic bait and switch.
If we have really changed from a Corporate U.S. back to a Republic those actors are probably toast in one way or another !
I wonder, are most of you selling before the RS or after? If it's a 1:500,000, to have two share you'd need at least 1,000,000 shares. I can't even imagine what the price/share would be.
Send your complaints in to Finra and SEC
So the little boy managed to dump 2.2 billion on shareholders since he halted all OTCM updates on the s/s? We knew he was diluting, but never thought he got that many out. Why there is a .0001 bid here, I'll never know
Unbelievable that he actually published that BS rationalization for diluting this thing so much prior to a RS. So, he let folks give him more money so that the average price per share of their stock holdings is less before he wipes them out with the RS and more dilution.
No clearer case of brazen securities fraud on the OTC.
News Yesterday; To break it down it says there are a little over 3 billion shares outstanding and after reverse split there will be around 6k shares outstanding! Who will be the lucky shareholders of a company that has a 6k Outstanding Share count?
Only on the OTC could you find the CEO of a company after wiping out a number of their shareholders present a reverse stock split and dilution as an "opportunity" for shareholders.
Bend over ceo like that 1/500000 reverse split . Who in hell going buy the stock ?? Where sec to allow this ??
It looks like the questions submitted through email were too hard for the CEO of SONG to answer in a timely manner! LMFAO @ the CEO of SONG!
Thank you for your efforts and responding to my question. I appreciate the information. I'll be selling as soon as it makes sense. Which is SOON!!!!
It wasn't set, but a 1-U filed with the SEC on March 13 stated:
Agreed! Was there a date set for the RS? I've was searching but haven't seen it. Has it been announced?
"While acknowledging that dilution in any form is not favorable to shareholders, management believes that the long-term benefits outweigh the negatives. The reimbursement process under the court-approved 3(a)(10) arrangement does not accrue interest and necessitates pre-payment for assets by Jake P. Noch / Jake P. Noch Family Office, LLC before seeking reimbursement through the court-approved arrangement." A disclaimer that states the company is to be built via dilution to its shareholders? This is a far cry from the sales pitch delivered to investors by Mr Noch and company last year. Dangling the buyback carrot and moving the goalpost on its implementation? Went from sounding like the buyback was imminent to now that it may or may not ever happen? What is this turning into, the Mullen Automotive of the music industry? Not a happy shareholder. Do better, be better.
after the 1 for 500,000 share reverse split it will be higher. The way this CEO runs his mouth/company it will probably get diluted back down again though!
it would be real nice to see what the Share Structure looks like today, it would be easier to make a better assessment of SONG. This is the OTC though and no-one ever knows what may happen tomorrow!
That is a great question to submit to the CEO of SONG (Jake P Noch) through email since he wants to be transparent with his investors.
Is the link below the royalty stake in Listerine mouthwash that the CEO is bragging about having purchased as the purchaser paid $79,500 which is a crazy 31 times historic earnings to purchase the royalty stream which will only generate $SONG approx $2,500 of royalties a year
https://auctions.royaltyexchange.com/orderbook/asset-detail/5538/
Stakes in this Listerine royalty stream come up for sale regularly on royalty exchange and members of the public can bid to buy such royalty streams direct so there is nothing unique about this asset
How does $SONG buying such royalty stakes at these prices add value to retail shareholders in $SONG who will not see any income until after the CEO has taken the annual salary of $12 million he has awarded himself plus other $SONG expenses including any bonuses or salary increases the CEO elects to award himself in the future
Royalty Exchange also has thousands of music royalty streams like the ones from Elton John and others that the CEO is bragging about having purchased in an auction
Again how do suck purchases at or above market value add any value to retail investors in $SONG ?
well the CEO of SONG is no longer trying to sue FINRA, im pretty sure he knew he would lose:
It's a start.
The Q&A session aims to provide deeper insight into Music Licensing, Inc.'s operations, future plans, and its role within various industries. Select questions received will be answered by the company's leadership team and subsequently shared with the public via a press release.
"We encourage all interested parties to participate by submitting their questions," added Jake P. Noch. "We look forward to engaging with our stakeholders and providing meaningful responses that contribute to a better understanding of Music Licensing, Inc. and its diverse interests."
The deadline for submitting questions is March 28, 2024. All submissions should be sent to Investors@promusicrights.com with the subject line "Q&A Submission." Please include your name and contact information with your question.
Email all of your questions to Jake, the CEO of SONG..... He will pick and chose which questions he wants to answer, so no hard questions please. LMFAO!
Worthless, in so many ways. Don't waste your money.
Ok then good but not good enough do better.
Nice article, LMFAO.... Hey Jake (CEO of SONG), when are you gonna learn that your "business model" is full of holes?
I did break even with SONG.... I sold 2 days before the "audit" was released and I could of made a little profit if I would of held onto my shares for a day or two more. So yes I technically did lose profit on SONG but its better than being in a company that doesnt follow through with their PR's.
And the other director Paul Ring also seems to have gained legal experience as a defendant himself in a related media content sector case back in 2012 according to the link below :
https://www.courthousenews.com/rolled-in-hollywoodinvestors-say/
Maybe this is the ‘music industry’ legal experience gained by a certain self described music prodigy :
https://www.vice.com/en/article/v7gmvd/spotify-sues-self-described-music-prodigy-who-allegedly-ran-royalties-scam
Right,what ever you say I can't sing so I am not into the song lol stay thirsty and I don't believe you broke even I think you lost profit on it.
I broke out even with SONG, sold 2 days before the "Audit."
If SONG files for bankruptcy you'll be here pumping it, that is a guarantee!
Im being very thirsty and buying as many shares as I can afford on my "all-in" stock.
How is your song working out for you all you buy is trash stocks cause you don't know how to trade stay thirsty.
The CEO of SONG is acting like a baby; crying and suing everyone and everything when he doesnt get what he asked for.
What intrigued me was the;
He doesn't get it. All these lawsuits cost money. Takes up energy that should be channeled into building a successful business.
I have no idea where you get the idea that Tik Tok negotiations with the music industry are driven by $SONG in any way - but again would be interested to hear if you or the company have data to back up this assumption
In my dealings with major players in the music industry I have never ever heard reference to SONG in connection with the Tik Tok negotiations underway with the majors or with major music publishers or with major record labels representing major artists
Good luck with everything
I thought I read on here that the RS was not approved by FINRA and would not be considered until 2025? I'm looking back for the info but haven't found it yet so maybe it was another stock...let me know if you all remember anything about that....
Appreciate the insight and information.
Here is my honest take. I’m on the fence about buying more…. would have 100% already bought if sentiment of this board hadn’t made me 2nd guess Jake.
There was $1 billion In receivables that were audited. Link to agreement from TikTok renewed last year is below. I honestly think the shakeup with Universal and TkiTok involves $SONG.
Congress is looking at resolutions to increase streaming revenues. $SONGs $1 billion in receivables has put strain on industry as a whole in my opinion.
Jake’s been fueling discussion about the upcoming lawsuits to collect upon. He was going hot and heavy with demand letters when shakeup started. My thinking is that he has been gagged somehow until a TikTok resolution has been made.
It’s difficult for company with share price of $.0001 to be taken seriously at the deal making table. The reverse split helps get this to a respectable position and there will likely be some type of merger with a debtor.
https://www.prnewswire.com/news-releases/music-licensing-incs-subsidiary-pro-music-rights-renews-agreement-with-bytedance-and-tiktok-offering-innovative-music-and-ai-solutions-301761808.html
Movie I mentioned yesterday was set to include Artificial Intelligence music and the brother was going to be computer generated with AI. True story. I remember that specifically. Call me when you are ready to talk Jake.
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