Music Licensing Inc (SONG)

[MusicExec]

I agree Walter4 , normally a RS only impacts outstanding shares not authorized shares but nothing ever seems to be “normal” or totally transparent when it comes to this stock and it’s CEO

In the press release the company released on May, 19 they stated “In addition, Music Licensing, Inc. plans to significantly reduce its number of authorized shares pending board approval”

The “pending board approval” line renders the above PR statement about authorized shares meaningless and besides as I understand it the board could simply increase the number of authorized shares again whenever it wishes when asked to do so by the preference share holder who controls the shareholder votes and is also the CEO

It would all have been much simpler and easier to understand if the company had put all the information into one clear and concise statement of all relevant facts approved by the board at the time it released its press statement

I guess we now just have to speculate and await formal announcements in due course by the company or by the authorities to know what is actually happening / planned here