DD Support Board and Research Team

[nodummy]

IFLM is an old Kenneth Eade/Jeff Ritchie scam that is drowning in debt.

It started getting loaded on March 29th and immediately got the Caveat Emptor (skull & crossbones) from OTC Markets



Today we find out that somebody named Jake P. Noch acquired 265,584,542 shares off the open market

Noch bought 151,514,542 Shares off the open market on May 29th for a total cost of $21,182 (an average price of $.00014/share)

https://www.otcmarkets.com/filing/html?id=13476302&guid=f0fyUefWOf2883h

Then Noch bought another 114,070,000 shares on May 30, 2018 for a total of approximately $22,888.75 (an average price of $.00002/share)

https://www.otcmarkets.com/filing/html?id=13476320&guid=f0fyUefWOf2883h

Only like a fool Noch claims that gives him 45.33% ownership in IFLM

The problem is that Noch is using old outdated share structure numbers from 2016 (the last time IFLM disclosed its share structure). Back then the O/S was 585,867,360 shares.

https://www.otcmarkets.com/filing/html?id=11635832&guid=jBfyUnmJNk7_33h

I remember looking at the IFLM debt situation back around the time the last 10Q was filed and IFLM was facing billions of shares of future dilution

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=125314532

Since that time, IFLM has raised its Authorized Share Count to 6,000,000,000 shares

The IFLM float is easily over 3 billion now.


IFLM has been dark for 3 years now. It hasn't done any public disclosures about its share structure or financial situation since 2016.

It doesn't help that IFLM was dissolved at the Nevada SOS in 2017 and no longer has any active business license in any state

https://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=GcZ%252bxnC71RcR%252fGljBUs6aQ%253d%253d&CorpName=INDEPENDENT+FILM+DEVELOPMENT+CORPORATION



So who is Jake P. Noch?

This is Jake P Noch



Noch is the CEO of Pro Music Rights and former owner of Sosa Entertainment

https://www.linkedin.com/in/jake-noch-pro-music-rights

Somehow I doubt the facts in this self promotion PR published by Jake P Noch are accurate

https://www.pr.com/press-release/694247


Pro Music Rights signed some partnership with Vnue Inc (VNUE) in April

https://www.prnewswire.com/news-releases/vnue-inc-and-pro-music-rights-partner-to-create-new-paradigm-in-music-performance-licensing-300832888.html

The PR kicked off a nice run for VNUE from $.0016 to $.0043 but VNUE has retraced all the way back to where it started.




Jake P Noch did an ownership filing for VNUE on 5/31/19

https://www.otcmarkets.com/filing/html?id=13467737&guid=thfyUHdxdvmEy3h



Anyways, to answer your question. What's my take on IFLM.

The float is over 3 billion even after Noch bought up 265m of the float.

Anybody speculating that Noch is trying to buy up enough common shares to gain control of the IFLM shell is an idiot.

IFLM created Series AA Preferred stock in 2015 and each Series AA preferred share has voting rights equal to 4X's all of the outstanding common shares.

Jeff Richie owns all 10 outstanding Series AA preferred shares.



The only way to get control of the IFLM shell is to acquire those shares from Jeff Ritchie.

Noch can buy up all the outstanding common stock in the retail float and he still won't have any claim to the IFLM shell.

So basically Noch is just wasting his money because now that he is more than a 10% owner his stock is restricted and cannot be resold back into the market. If he does sell the stock he will be violating securities regulations and could subject himself to enforcement litigation.

All Noch managed to do was draw attention to a dead scam shell creating a pump & dump scenario for a bunch of social media traders that don't really understand the situation at all or do and are just trying to get other people to buy IFLM stock at a higher price than they paid so they can profit off the trading action while the stock is still seeing liquidity/volume.