These are my opinions, observations and theories only.
20 year old nosh has been playing games since he was 16 back in 2016, creating fake accounts to pump his numbers. No real clue how much of this he has done on his own.
Coming into the 2018's it looks like nosh pushed it up a notch and started formulating his strongarm enterprise concept and started in earnest quietly building the inroads and laying the groundwork to support his concept. It's not very complex as he used all existing programs and licensing templates but created his new 'PR agency for licensing. Licensing is used sometimes vaguely in his early disclosures. Sometime in late 2018 into early 2019, nosh decided it may be good to go public and make some of that easy quick cash he's seen others do. So, mid 2019 it appears nosh found himself a zombie stock/company and did what any other self enrichment individual does when it comes to making money selling stock, he hijacked or tried to hijack iflm in mid 2019 by buying common stock in large numbers all within a couple of months. Oddly, the ticker is a grey stock which had deregistered itself back in 2015. Nosh also did some awareness campaign work touting his planned merger into this new stock.
This is a great case for wiping deregistered stock tickers as iflm was languishing on the greys for years.
So, nosh having filed form 3's and 4's starting 6-5-19, while already buying late may 29th-19', then filed a sc 13d around the same time claiming 10% of the company. By 09-17-19, nosh was claiming on a sc13d/a that he was at the time a 51% owner. Final buys were 9-19 giving him 303 million holding.
From the earliest, 6-5-20, nosh has made the point of
saying he's going to do something with the present bod and principals.
On May 4, 2018, Rachel Boulds resigned as a member of the Board of Directors of Independent Film Development Corporation. Ms. Boulds was appointed as a Director of the Company on February 3, 2012.
How does one buy all this stock while it's grey. And a Jeff Rithcie listed as ceo in 2018 may have the preferred nosh didn't know about?
--- Sosa Entertainment founder Jake Noch claimed the streaming service failed to pay royalties on over 550 million plays. Now Spotify says he designed a "scheme" to game the system.
In November 2019, indie hip-hop label Sosa Entertainment and its founder, 20-year-old Jake Noch, filed a lawsuit against Spotify that alleged the streaming service failed to pay royalties on over 550 million streams of its music. The suit, which was also brought on behalf of Noch’s PRO Pro Music Rights (which was later removed), sought $150,000 in statutory damages for each infringement, and alleged that Spotify removed its music not because it detected "abnormal streaming activity," as the service claimed, but because it was trying to dodge paying royalties on the streams.
Now, Spotify has fired back with a countersuit alleging that Noch "designed a scheme to artificially generate hundreds of millions of fraudulent streams" in order to "manipulate Spotify’s system to extract undeserved royalties at the expense of hardworking artists and songwriters." The filing, which is supported by screenshots of messages allegedly between Noch and a "bot farmer" and charts that show streams on Noch’s music go from zero into the hundreds of thousands in a matter of days, also alleges that Noch directed the bot farmer to create millions of fake accounts and changed the names of songs in his catalog to closely resemble those of established hit songs, like XXXTentacion’s "SAD!" and DJ Snake’s "Taki Taki."
Indie Hip-Hop Label Files Suit Against Spotify Over Catalog Takedown
Noch, who lists himself as the chief executive of Sosa and Pro Music Rights, as well as a handful of additional music companies, has quite the proud litigious history, having released several press releases touting lawsuits against Spotify, Apple, Google, YouTube, Amazon, SoundCloud, Pandora, Deezer, iHeartRadio and more. Pro Music Rights claims a database of some 2 million tracks, including more than 23,000 by various artists using some form of the name "LEGATO," like LEGATO_DIMY, LEGATODE45, LEGATODI001, LEGATOGILL2002 and LEGATOKAL999, to name a few.
According to Spotify’s counterclaim, filed Monday (May 18), the service first detected artificial streaming activity on Noch’s content in March 2016 and eventually banned his music from the service, before extending that ban to all content related to Noch. Noch then tried to "smuggle" the content back onto the service using slightly different names and created millions of fake accounts to stream that music.
In June 2016, a whistleblower contacted Spotify with screenshots that purported to show Noch directing the person to create millions (direct quote: "i need millions") of fake accounts. And while Spotify had identified the fraud a few months prior, the company had already paid a small amount of royalties to Sosa and Noch -- royalties that otherwise would have gone to legitimate songwriters with songs being streamed by legitimate fans. According to the complaint, for one of Noch’s albums that jumped from zero streams to more than 400,000 in just days, 99% of its streams came from Spotify’s ad-supported free tier and from accounts registered to male users in the United States, a pattern that was also found for other works.
Noch then changed distributors and changed the names of some of his companies in order to dodge Spotify’s fraud detection systems, with slightly different artist names, song titles and cover artwork. In one section of the complaint, attorneys wrote that "analysts at Spotify found that 5,500 'users' streaming one of the Sosa albums 'originated' from a small American town with a total population of 10,000. For that album, the stream count jumped from zero to 749,000 streams in a span of only two days... This pattern is highly anomalous and not at all correlated to any possible pattern of genuine streaming activity."
Spotify Combines Artist, Label Analytics In One Place
In another example from the complaint, in what the filing calls "title track parasitism," Noch and Sosa uploaded tracks called "SAD!" with the same punctuation as the XXXTentacion hit, and "Taki Take," shortly after the similarly-named DJ Snake song reached the top 20 of the Billboard Hot 100. Some of the tracks that Noch and Sosa would release on Spotify were AI-generated sound loops.
In all, Spotify’s counterclaim seeks relief for fraud, fraudulent concealment, breach of contract, indemnification, unjust enrichment and deceptive business practices. As another line in the complaint reads, "This was one of the most egregious fraudulent streaming operations from a single rights holder that Spotify had to deal with in its company’s history." Now if that's not enough to question his ethics, here's a nod to the quality of nosh's stable of wannabe rappers who somehow have millions of songs? Lawsuits are against the very artists nosh lists in his main stable on PR's.
"The suit brought by attorney Gregory Messer in U.S. Bankruptcy Court in New York claimed that in the social media post (since deleted) Jenner failed to disclose to her followers that she was being paid to promote the Fyre Festival, leading them to believe it would be "filled with famous models on an 'exotic private island with first-class culinary experiences and a luxury atmosphere.'"
The suit also alleged that Jenner, who has 129 million Instagram followers, attempted to dupe potential ticket buyers by insinuating that her brother-in-law, Kanye West, would perform at the event, writing, "So hyped to announced my G.O.O.D. Music Family as the first headliners for @fyrefestival." Among the 14 lawsuits Messer has filed in the case are actions against model Emily Ratajkowski and artists Push T, Blink-182, Lil Yachty and Migos.
Trustee Messer is attempting to claw back $14.4 million paid out by Fyre Media and founder Billy McFarland, who is currently serving a six-year federal prison sentence for bilking investors out of $26 million to stage the over-the-top festival with rapper Ja Rule with the help of models and influencers who promised lavish accommodations a private island."