Music Licensing Inc (SONG)

[QTRADERQ]

The DTC is a depositary of stock certificates (certs) whose purpose is to facilitate electronic settlement.

As you may recall, when you opened a brokerage account you had the option of allowing your brokerage to hold your certs. If so, your certs are now held at the DTC. For all others, they receive 'hard copies' of their certs.

When it comes time to sell.. the former group of investors simply places a trade; whereas, the latter group, needs to actually locate and mail in their paper certs.

So, for all practical purposes 5.4M is the float. But potentially that number could rise to 12.6M shares but not likely (the unrestricted number)

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.