Music Licensing Inc (SONG)

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found this on a board:Open Letter to the Shareholders of ?Independent Film Development
September 22, 2019

From the desk of:

JAKE P. NOCH

Open Letter

to the Shareholders of
Independent Film Development Corp.

OTCMKTS: IFLM

In this open letter to shareholders, I intend to share some of my future plans for the Independent Film Development Corporation (OTCMKTS: IFLM).

Before I get started, I have provided my personal cell phone number in order to forge long-lasting relationships with IFLM shareholders. Many shareholders have taken advantage, and, as part of that process, a question posed by various shareholders was: “Why did you pick OTCMKTS:IFLM and not another company?”

The reason is simple: in IFLM, I saw a company that had a lot of potential. And IFLM, like many other OTC companies, in my opinion, had simply been mismanaged and used for the personal gain of management instead of for the benefit of the IFLM shareholders. The same shareholders –– like you –– who invested, believed, and put their financial trust into a company only to have that trust abused and left holding shares of a company with virtually no liquidity and almost no value. The Webster dictionary describ es value as “a fair return or equivalent in goods, services, or money for something exchanged.” With that as the stepping stone, I can understand how and why some investors were skeptical of my intentions with OTCMKTS: IFLM, but I want to ensure all shareholders that the mismanagement and lack of value will end when I formalize my control through legal process!

I do not expect to receive your trust automatically; I intend to earn it by bringing value for a change to OTCMKTS: IFLM and to set an example of how a company can be brought back from the gates of hell and turned into a company with value, transparency, and liquidity.

At this point, I know what most of you are thinking, and you are probably asking yourself, “Is this whole letter going to be some bullshit that is just making empty promises with no real plan that sounds like a goddam school pep rally that you were forced to go to?” To answer that question: No, it is not.

I strongly disliked school prep rallies that were intended to lead students into mindlessly supporting and cheering on student-athletes for the sole purpose of making people feel good. That is why I am not asking you to support and cheer me on mindlessly. I am asking you to please analyze the following business model and the plan of action I intend to take on behalf of OTCMKTS: IFLM, and then, if you dislike the model or do not see value in it, then I am not asking you to support me but to make your thoughts and voices heard to me.

On the other hand, if you do agree with the model and believe, like I do, that it will bring value to you as a shareholder of OTCMKTS: IFLM, then I am asking you to vote for me to become the Chief Executive Officer and Chairman of the Board during a shareholders’ meeting that I intend to hold in the near future after finalizing the legal process currently pending in Wyoming.



Next, I will lay out my business model for OTCMKTS: IFLM in bullet points that will include actions, as well as the goals of each of those actions, before going into the exact details of each point.

Debt restructuring: To ensure that the company is clear of liabilities and is then able to put assets into the company.
Transparency: To earn shareholders’ trust and to increase shareholder morale/confidence. Frequent weekly, bi-weekly, monthly, and annual shareholder updates are intended to be published in order to keep shareholders informed of the company’s progress, what management is doing, and what stage the company is in its plan of action.



Capital raise: To purchase assets for the company and to utilize them for the restructuring of outstanding debts of the company.
The purchase of debt portfolio(s): To generate revenue by outsourcing the collection of the debt portfolios to debt collectors specializing in debt collection recovery on a contingency basis.
Listings on International qualified on Foreign Exchanges: To increase the liquidity of the company’s common stock and to utilize the potential up-listing on the OTC Markets Group before seeking to do an up-listing on more stable stock exchanges, such as NASDAQ or the New York Stock Exchange.
Dividend and potential stock buyback: A dividend to shareholders of the company to encourage shareholders to invest long term in the company common stock as opposed to only being able to profit from the sale of common stock on the open market or the option of enrolling into a dividend reinvestment plan. A stock buyback would be needed if the company fails to restructure the debt with pre-existing creditors or if the number of outstanding shares is more significant than the 585,900,000 that is publicly-listed as outstanding to lower the float, to increase dividend yield, and to increase the price per share, but in no case will I intend to have a reverse split or dilute the company’s common stock further.
Investment diversification: This is to ensure that the company is not limited to one single type of investment and to create ongoing revenue streams, both short term and long term, to ensure the continuation of increasing revenue for the company, as well as to limit the effect of any detrimental changes to any individual sectors or industries.

As part of my plan, if the company raises $1,000,000 of capital, Independent Film Development Corporation (OTCMKTS: IFLM) could purchase roughly $442,100,461.97 in debt, or, put another way, about $0.0025 for every $1 USD of debt. Out of the $442,100,461.97 of debt, I intend to be able to collect on at least 10% or higher of the total amount of debt in the portfolio to generate $44,210,046.19 USD within a reasonable period of time, which I estimate to be about one year, from the purchase of the debt portfolio(s). With that in mind, I will have my team solicit investor(s) for the purpose of purchasing the debt portfolio(s) by offering those potential investor(s) a priority return on their initial investment. So, for example, for each $1,000,000 USD for a total return of $1,000,000 USD in capital and an additional priority profit for the investor(s) that will not be based on convertible notes but instead on a percentage-based revenue split agreement for a revenue split deal on the collections of the debt portfolios, leaving remaining proceeds estimated to be approximately $42,710,046.19 USD.

To save on initial expenditures, I intend to have Independent Film Development Corporation (OTCMKTS: IFLM) form strategic partnerships with collections firm(s) on a contingency basis, minimizing the company’s capital expenditures, payable on revenue collected by them after $1,500,000 USD is returned to the initial investor(s), then leaving a remaining profit margin for Independent Film Development Corporation (OTCMKTS: IFLM) of approximately $21,355,023.09 USD.

Restructuring debt because I cannot be sure of what the outstanding creditors of independent film development corporation OTCMKTS: IFLM will be willing to do, nor am I able to know the exact number of outstanding shares of common stock at this time. In addition, I believe the current number of outstanding shares of common stock is approximately 585,900,000, but for reassurance (and to kill the argument of the(*** sentence removed for TOS correctives ***) I will play devil’s advocate and will share what my plan would be for the worst-case scenario. That is based on the Company’s last-filed Form 10-Q, which states that as of October 14, 2016, OTCMKTS: IFLM had 585,867,360 shares of common stock outstanding.

https://www.sec.gov/Archives/edgar/data/1425883/000126246316001058/iflm10q.htm.

I hope, by sharing what my plan would be for the worst-case scenario, that it will bring reassurance to the shareholders that might be worried about the very unlikely possibility of there being 6 billion shares of common stock presently and actually held by shareholders –– which I believe would be contrary to what the company’s public filings say with the Securities and Exchange Commission.

However, shareholders still should not have to worry as, even if it was the worst-case scenario, and again, I DO NOT BELIEVE THAT THIS WILL BE THE CASE, but if this implausible possibility occurs, I, Jake P. Noch, still presently intend to bring value to Independent Film Development Corporation, OTCMKTS: IFLM.

So my plan would be as follows if there were 6 billion shares of common stock in issuance currently, or if creditors refused to agree to the restructuring of debt and then converted into shares of common stock: While I do not believe this will happen or has already happened, if it is the case that prior management has wrongfully converted the convertible notes into 6 billion shares of common stock, I will reserve $10,450,000 USD out of the $21,355,023.09 USD (arising from any efforts mentioned above) for a stock buyback on the open market for 5,500,000,000 shares of common stock at $0.0019 for anyone to have the option to sell their shares back to the company for the shares to then be retired, leaving the remaining cash balance of $10,905,023.09 USD and 500,000,000 shares of common stock. Assuming the company has the funds, and a majority of the shares entitled to vote approve, I would then intend to seek approval by the board of directors to issue a special dividend of $2,000,000 USD for the remaining 500,000,000 shares of common stock for each share to receive $0.004 USD, leaving the company with a remaining cash balance of, assuming everything else goes according to plan, $8,905,023.09 USD and a short-term target price per share of $0.03871 USD.

During the delay caused by a party that I shall not name, I have already had my legal team look into the requirements of getting Independent Film Development Corporation OTCMKTS: IFLM listed on other qualified exchanges such as the Bombay Stock Exchange in order to be able to increase liquidity of the company’s common stock and then to help with an up-listing on the OTC Markets before looking into the possibility & requirements of up-listing to NASDAQ or the New York Stock Exchange

Transparency “The primary risks involved in trading over-the-counter (OTC) stocks stem from lack of reliable information” - see investopedia.com. To fix the issue of the lack of transparency, I intend to release frequent news, financials, & updates on what management is doing so that Shareholders of Independent Film Development Corporation (OTCMKTS: IFLM) will never again have to wonder what is going on. Furthermore, I intend to make as much as I am legally allowed public & to cure the Caveat Emptor with the OTC Markets Group & Restore Independent Film Development Corporation (OTCMKTS: IFLM) to Pink Current Information.

Investment diversification “Diversification can be neatly summed up as, “Don’t put all your eggs in one basket.” The idea is that if one investment loses money, the other investments will make up for those losses. Diversification can’t guarantee that your investments won’t suffer if the market drops. But it can improve the chances that you won’t lose money, or that if you do, it won’t be as much as if you weren’t diversified.” - www.investor.gov.

To ensure Independent Film Development Corporation (OTCMKTS: IFLM) has diversifications in its portfolio I want to make clear that I do not plan to limit Independent Film Development Corporation (OTCMKTS: IFLM) to just Debt Portfolio(s) other investment types that I intend to have Independent Film Development Corporation (OTCMKTS: IFLM) take will be activist position(s) in other publicly traded companies as well as smaller position(s) in other publicly traded companies. Other investments I intend for Independent Film Development Corporation (OTCMKTS: IFLM) to enter into include but are not limited to ETFs, Forex, Futures, Bonds, & Private Equity. I believe with this mix of diversification Independent Film Development Corporation (OTCMKTS: IFLM) will be able to generate both short term & long term recurring revenue that once established, I intend to distribute a portion of that revenue as a recurring monthly dividend to shareholders of Independent Film Development Corporation (OTCMKTS: IFLM) common stock.

Corporate governance, If I Jake P. Noch am elected as Chief Executive Officer and Chairman of The Board I intend to appoint competent and experienced directors with varying experience to be on the board alongside me of Independent Film Development Corporation (OTCMKTS: IFLM).
MIKEY501 is ranked a top 10 OTC trader. MY POSTS ARE ALWAYS JUST MY OPINION, regardless whether I include that in my post. I am not a financial adviser. Never buy or sell based on anything I post!