Music Licensing Inc (SONG)

[RMS555]

News Yesterday; To break it down it says there are a little over 3 billion shares outstanding and after reverse split there will be around 6k shares outstanding! Who will be the lucky shareholders of a company that has a 6k Outstanding Share count?

Naples, FL, April 02, 2024 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG) a diversified holding company, today responded to select questions from shareholders regarding recent developments and future plans.

One of the primary inquiries from shareholders pertained to the number of outstanding shares. As of April 2, 2024, there are 3,001,750,199 shares of Common Stock outstanding, along with one share of Preferred J stock outstanding. Following the anticipated stock consolidation to be processed by FINRA, the outstanding shares are expected to be reduced to approximately 6,004. This influx of additional outstanding shares was strategically implemented to enable shareholders to lower their cost basis before the consolidation takes effect. Additionally, this adjustment ensures that the company can maintain market maker quotations in round lots of 100 shares without any single lot exceeding 5% of the company.

"We recognize the importance of providing clarity to our shareholders regarding the number of outstanding shares and the rationale behind the stock consolidation," said Jake P. Noch, Chief Executive Officer at Music Licensing, Inc. "Our decision to increase the number of shares before the consolidation is part of our commitment to transparent and responsible corporate governance."

Furthermore, the company expressed enthusiasm for the post-consolidation period, citing numerous opportunities identified during the first quarter of 2024. While the company had to exercise caution to ensure sufficient cash reserves until the completion of the stock consolidation by FINRA, it remains confident in its ability to pursue strategic acquisitions thereafter. Opportunities such as acquiring Jimi Hendrix and 2pac catalogs, expanding Listerine royalties, securing Deadmau5 & Skrillex catalogs, and exploring additional hip-hop catalogs are on the company's radar.

"We are extremely excited about the potential opportunities that lie ahead for Music Licensing, Inc.," added Jake P. Noch. "The forthcoming stock consolidation positions us well to capitalize on strategic acquisitions, further enhancing our position as a diversified holding company."

Music Licensing, Inc. reaffirms its commitment to delivering long-term value to its shareholders and stakeholders alike.

Mr Jake, the CEO of SONG, there are more concerns from shareholders (which I am not one of) that havent been addressed!