"20 days of the SONGD ticker bullshit" blah blah......
BUT my "guess" is LIL JAKEY aka Disphyagia boy can sell n dump ASAP - and he's holding a super dumpster of these shit shares....his SELF-ISSUED "SCAM NOTE" for his self invented "$12 MILLION ANNUAL SALARY" for a bullshit stinky pinky hustle SCAM one man "company" with less revenue than my neighbor kid does selling Anime crap on Ebay....and that ain't no joke.....
THIS IS A FUBAR SELF-ENRICHMENT SMOKE CON SOLELY FOR THE PURPOSE AS PAYOLA TO LIL JAKE NOCH Naples FL :))
On June 25, 2023, Music Licensing Inc. entered into an Employment Agreement with Jake P. Noch, appointing him as Chief Executive Officer, Chairman of the Board of Directors, President, Secretary, and Interim Chief Financial Officer. The Agreement outlines various terms of employment, including duties, compensation, and termination provisions.
Compensation to Mr. Noch is structured in the form of a convertible note, allowing him to receive shares worth twelve million dollars ($12,000,000.00) upon conversion. The note remains valid until Mr. Noch realizes the full amount, and additional shares may be added to the convertible note as necessary. The timing of payments under this agreement is at the discretion of Mr. Noch and can be received in various increments (monthly, quarterly, or annually). Upon conversion of the note, the beneficiary of the shares may be either Mr. Noch or the Jake P. Noch Family Office LLC.
This employment agreement is perpetual unless terminated according to its terms or voluntarily by either party. It also includes provisions for bonuses, vacation, business expenses, and a car allowance for Mr. Noch. In the event of termination, severance pay and share payments are specified in the Agreement.
The agreement is integral to our executive management structure and is critical in maintaining the leadership necessary for our strategic and operational directives. This Agreement has been approved by the Board of Directors and is in full compliance with our corporate governance policies.
Details of 3(a)(10) Agreement for Executive Compensation and Severance Package.
Page F-15
Music Licensing, Inc.
Notes to the Financial Statements
As of December 31, 2022 and 2023
During the reporting period, Music Licensing Inc. entered into a 3(a)(10) agreement, as per the Securities Act of 1933, to facilitate the compensation of our executive, Jake P. Noch. This agreement is notable for its role in addressing both the executive salary and additional financial commitments as follows:
Executive Salary: The agreement provisions for an annual salary of $12 million for Jake P. Noch. This salary arrangement is primarily financed through the issuance of shares under the 3(a)(10) exemption, thereby minimizing cash outflows for the company.
Additional Executive Expenses: In addition to the salary, the agreement encompasses any additional expenses incurred by Jake P. Noch in the performance of his executive duties. These expenses are covered in a similar manner to the salary, primarily through the issuance of shares, allowing the company to manage cash resources effectively.
Severance Package: A key component of this agreement is an $18 million severance package for Jake P. Noch. This severance is structured to be payable under specific conditions outlined in the executive agreement, ensuring the company’s preparedness for potential future financial obligations.
The implementation of this agreement aligns with the company’s strategic financial management objectives. It provides a structure that allows for effective cash flow management while ensuring competitive executive compensation. This approach is reflective of our commitment to fiscal responsibility and strategic resource allocation.
The above-mentioned agreement and its terms are in compliance with the relevant securities regulations and have been duly approved by the appropriate legal channels. The financial implications of this agreement have been considered in our financial planning and reporting.
Just a "new" version of an old as time dirt variety stinky pinky OTC-HUSTLE and total con job smoke n mirrors insider and sole control self enrichment con n scam dilution mill machine.
ME - I think LIL JAKE gets his sorry skinny dumb ass in a real serious ringer on this scam - for "trying" to game the (3)(a)(10) bullshit....THE SEC ain't having none of that bullshit and has already sent a few clowns to CLUB FED for "variations" on EXACTLY what LIL JAKE the con is doing here with that bullshit as written above.....
Moreover - he SUED HIMSELF to game the same hustle and "get a debt paid back via a exempt debt settlement" blah blah.....CREATED WORTHLESS LLC1 and then hustles a OTC penny dirt ticker aka THIS POS and then SUES LLC1 aka HIMSELF with this hustle aka COMPANY 2 aka ONE MAN SHOW Jake Noch and wham bamm.....bullshits some quicky court action who doesn't have the time or 2-shits to investigate some bullshit penny hustle...and BAMM he grants himself 2 BILLION shares or whatever the hell it was as "settlement" for a WORTHLESS LLC he filed, he created and then used THIS WORTHLESS SCAM CORP he created and his ONE MAN ENTITY to literally "sue himself"......a VERY similar con has already been prosecuted successfully ......
THAT BULLSHIT - the ole "Davy Karkason" Swiss or whatever the H he is dude with as much "securities law experience" as my pool man LMAO.....that is the "root" of this entire hustle + now the $12 million "salary" for DOING NOT A DAMN THING issued as a "NOTE OWED" by some dipshit ass clown KID who "self voted" a single "J" share to now control 80% of the vote.....
THE MOTHER RECORD BREAKING MOTHER OF ALL REVERSE SPLITS - is how LIL JAKE "hopes" to exit this pile of dog shit scam w/ more coin than he sunk into it with the shell hustle and endless scam lawsuits and attorneys fees.....thee end....READER'S DIGEST VOMIT VERSION.....but THAT is what is taking place here boys n girls.....it ain't gonna end well.....:))
Bearish
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.
