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Monday, February 26, 2024 6:12:39 PM
$SONG: The 3(a)(10) arrangement our CEO had is a court-approved arrangement. Its structure is solely based on the dollar amount realized, not the number of shares. This means that if he were ever to convert, the higher the stock price went, the fewer shares would be able to be sold on the market.
Additionally, if you notice in the financials, he was owed 12 million USD in salary, but rather than converting and taking 12 million USD, he paid in approximately an additional $300,000+ USD into the company.
So please, stop spreading disinformation.
Also, we released audited financials today—how about people start reading those rather than getting their information from trolls online? (We released audited financials with over $1 billion of revenue on them.
What more could anyone possibly want from an OTC company?
But please feel free to continue to listen to trolls online.
We will still go out and work on bringing shareholders value every single day as we have done and will continue to do
THE FINANCIALS RELEASED TODAY
https://www.sec.gov/Archives/edgar/data/1671132/000121390024016747/ea0200543ex999-2_musiclicen.htm
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Key financial highlights for the fiscal year 2023 include:
Total Revenue: Music Licensing, Inc. reported total revenue of $1,052,274,588 USD, showcasing its ability to generate substantial income in a competitive market environment.
Net Profit: The company achieved a net profit of $46,033,387 USD, demonstrating its efficiency in managing costs and maximizing profitability.
Total Equity: Music Licensing, Inc. reported total equity of $49,580,139 USD, reflecting its solid financial position and stability.
Shares Outstanding: As of December 31, 2023, the company had 802,635,215 shares outstanding, indicating its continued commitment to shareholder transparency and accountability.
Earnings Per Share (EPS): The company reported an EPS of approximately $0.057 USD per share, highlighting its ability to deliver value to shareholders through earnings growth.
Book Value Per Share: Music Licensing, Inc. reported a book value per share of approximately $0.062 USD, reaffirming its strong asset base and financial health.
https://www.otcmarkets.com/stock/SONG/news/story?e=&id=2777105
$SONG: The 3(a)(10) arrangement our CEO had is a court-approved arrangement. Its structure is solely based on the dollar amount realized, not the number of shares. This means that if he were ever to convert, the higher the stock price went, the fewer shares would be able to be… pic.twitter.com/Pf6C1xc41z
— Pro Music Rights (@ProMusicRights) February 26, 2024
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Recent SONG News
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