Music Licensing Inc (SONG): Here's a fun fact... According to...

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trader59

Re: None

Wednesday, 07/27/2022 8:28:10 PM

Wednesday, July 27, 2022 8:28:10 PM

Here's a fun fact...

According to the 1-U, Jake Noch took control of NUVG by buying 37,900,000 shares from the former acting CEO, Sam Talari.

https://www.otcmarkets.com/filing/html?id=15961418&guid=cTk-kno1-ld-B3h

According to the company's last annual report, Sam Talari owned 44,941,214 shares personally and through a company he controls (Harvest Fund).

https://www.otcmarkets.com/filing/html?id=15927014&guid=cTk-kno1-ld-B3h

That was for period ending 3/31/22. That means there were just over 7M shares left in Sam Talari's possession. Sam Talari is no longer an affiliate of the company, and has met the required holding period of rule 144. He has not sold the stock as of 7/25 according to the published data on OTC markets, but would have no restrictions should he choose to do so.

There's an additional 10M shares of restricted stock unaccounted for in their financial reporting.

I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.