Music Licensing Inc (SONG)

[Walter4]

"While acknowledging that dilution in any form is not favorable to shareholders, management believes that the long-term benefits outweigh the negatives. The reimbursement process under the court-approved 3(a)(10) arrangement does not accrue interest and necessitates pre-payment for assets by Jake P. Noch / Jake P. Noch Family Office, LLC before seeking reimbursement through the court-approved arrangement." A disclaimer that states the company is to be built via dilution to its shareholders? This is a far cry from the sales pitch delivered to investors by Mr Noch and company last year. Dangling the buyback carrot and moving the goalpost on its implementation? Went from sounding like the buyback was imminent to now that it may or may not ever happen? What is this turning into, the Mullen Automotive of the music industry? Not a happy shareholder. Do better, be better.