Music Licensing Inc (SONG)

[KeithPB50]

Let’s look at the share structure a little better.

Authorized Shares
400,000,000

They are only 66,945,290 Outstanding Shares.
That’s very low.

54,265,142 shares are RESTRICTED. That’s about 82% of shares can’t even trade.

12,680,148 are UNRESTRICTED. That’s only 18%.

5,451,752 are held at DTC, I’m presuming that this could be the float, which means that these are the tradable shares in the marketplace. Which isn’t much.

The FLOAT, until updated was 705,650 shares, but that was in 2019 and probably not accurate.

Given that the book value of the company was quoted today her at $6.20, the rule of thumb on Wall Street is that stocks normally trade at twice book value. Using that rule of thumb, we can expect the stock value to be around $12.40 after the reverse merger is completed.

If the stock is at .30 today and the target price is $12.40, you divide the $12.40 by .30 and you get an estimate of return on investment, ROI.

Answer: 41.33 fold or 4,133%, from here today.

What’s also very interesting is that on July 18th, this past week, on Monday, EVERYTHING was updated by the company. Why? Because they are getting everything in order to COMPLETE A REVERSE MERGER!!



Authorized Shares
400,000,000
07/18/2022

Outstanding Shares
66,945,290
07/18/2022

Restricted
54,265,142
07/18/2022

Unrestricted
12,680,148
07/18/2022

Held at DTC
5,451,752
07/18/2022

Float
705,650
06/20/2019