Music Licensing Inc (SONG)

[Dragon Lady]

Incorrect. Errors Explained :

As it sounds like it will take some time to see updated share data on the OTC website following the RS are my working assumptions and maths below correct ?

OUTSTANDING / ISSUED SHARES

I read from a post on this forum that Pro Music Rights tweeted yesterday that there were now 5,994 outstanding new SONG common shares in issue

I also recall seeing from the OTC site before the RS date that SONG had outstanding 802,635,215 shares which after a 500,000 to one split would have converted into 1,605 new shares

Is it correct to assume that all or most of the difference of 4,389 new shares (5,994 less 1,605) is due to new or old shares issued under the 3(a)(10) in connection with the $12m salary award from 2023 of the CEO and his family office ?

AUTHORISED SHARES

I read on the Silver Flume website today that SONG had an authorised share capital of

1 Preferred Share
14,500,000,000 Common shares

As this look like “old share” data before the RS it is presumably reasonable to assume that the company is still in the process of updating this data as the RS has only just occurred

In the meantime I am therefore assuming that the Authorised common shares figure above would have converted into 29,000 Authorised new common shares at 500,000:1 unless a resolution was passed by the company to change the number of Authorised shares which I may have missed.

FURTHER DILUTION ?

Has the company confirmed whether the issue of new shares under the 2023 3(a)(10) was complete by the time the company got to 5,994 outstanding new common shares or do more new shares still need to be issued to cover any residual balance under the convertible loan note issued under the 3(a)(10) process ?

Also does the company have the operating cash flow going forwards to pay the recurring $12m annual basic salary of the CEO for 2024 and future years and other costs or will further new shares still need to be issued ?

As the single Preferred share (held by the CEO) holds most of the voting rights of the company is it reasonable to assume the company could in theory with the vote of the preferred shareholder alone issue up to 23,006 additional new shares ( 29,000 - 5,994 ) or at the option of the preferred shareholder simply adjust its authorised share capital again ( up or down ) with the vote of the preferred share holder ?

I would welcome any feedback on anything I have misunderstood or errors on my calculations as I get confused by such big numbers and am personally finding it difficult to follow this whole RS process.

This is not correct - for several reasons:

1) Jake Noch has been "Gagging" the Transfer Agent. Thus ANY info on the OTC MARKETS which is not a regulator and NOT deemed or guaranteed accurate is totally useless.

2) I prior pointed out that the SEC EDGAR database is thee ONLY place for 100% accurate info + the Transfer Agent themselves + Company filings

3) Another poster here already correctly pointed out that PER A SEC FILED DOCUMENT made by SONG aka ONE MAN CLOWN SHOW Jake P Noch the "Outstanding shares" issued and circulating is/was in the approx 3 BILLION RANGE and thus THOSE ARE WHAT GET SPLIT. The old 800 mil or whatever number on the OTC SITE is 6 months or more dated.

4) This is a simple REVERSE SPLIT though it be a MASSIVE and unprecedented one due to this scam being a con-job w/o ANY doubt(s) whatsoever !
Thus - there is NOT "new shares being issued" as you stated ? It's the SAME SHARES simply being divided by the number 500,000.
ANY fractional share essentially "vanishes" and they DO NOT "round up" - but will receive a Jake P. Noch "YOU ARE SCREWED FOR $100" dollar bill mailed by the T/A and/or placed into a trading account blah blah - IN PROCESS as we speak.

5) The single "Preferred share" is a HALLMARK OF STINKY PINKY SCAMS !!

Jake P Noch ISSUED TO HIMSELF a "Single new J class share carrying 80% TOTAL VOTING CONTROL RIGHTS" blah blah blah. "The Board Of Directors" on this scam is a Fugazi - it's smoke and mirrors.

JAKE P NOCH is a ONE MAN SCAM and he and he alone CONTROLS EVERYTHING taking place here - the "Board" are nothing but shit names on a shit list aiding and abetting THE PUNK for a lousy $10K or $15K a yr, whatever the hell Jake "claims" he pays them in dilution shares !!


Thus - it is SIMPLE MATH TO "KNOW" what the actual OUTSTANDING SHARES WERE at the instance DIRTY JAKE pulled the 1 for 500,000 reverse trigger:

The math is this:

PER THE DIRTY JAKE X-TWEET he states POST SPLIT there is now 5,994 shares.

5,994 X 500,000 = 2,997,000,000
Or just shy of 3 BILLION SHARES existed when DIRTY JAKE split the stock.

BUT - that number is slightly "skewed" due to the partial shares aka ANYTHING LESS THAN ONE SHARE LEFT when dividing by 500K is wiped - and thus the post by Walter4 stating that the OUTSTANDING SHARES was approx 3.5 BILLION is 100% spot-on and IN A RECENT SEC FILING which I don't have time to chase at the moment - but the info is there as I read that filing also, prior.


Without ANY DOUBT this shit show is about to be DILUTED and DILUTED MASSIVELY - there's no other reason for the split !!!

DIRTY JAKE will "attempt" a PUMP and DUMP to get his dilution note scam "$12 million salary" but me thinks it's a NO GO as this POS scam ticker is now more toxic than refined Plutonium - BUT this is the gutter stinky pinks, so who the hell knows.

DIRTY JAKE "might" use off-shore accounts and similar to "goose/buy his own shares" to create a Fugazi of "WE GOT A LOW FLOAT RUNNER" and try and move this POS shares aka committing securities fraud which wouldn't be his first time riding that dirty pony - so we shall see.

The new MARKET CAP:

It will be for now 5,994 X THE TRADING PRICE at any moment

The market cap will INCREASE IF DIRTY JAKE dilutes as market cap =

Total outstanding shares X Price per share by mathematical definition

IF the share price rapidly drops the market cap drops but on stinky pinks is often artificially "propped up" VIA RAPID DILUTION increase number "A" in the "A x B = market cap" aka the outstanding/issued shares are a inflator of market cap.

That's the Reader's Digest version.

There was approx 3.5 BILLION SHARES.

Divide that by 500,000 and TOSS THE FRACTIONAL REMAINDERS (Example: Bagholder Mr Sucker owned 400,000 shares. 400K/500K = 0.8 that bagholder VANISHES as does that .8 of a share fraction and he's mailed a $100 buck Luv Sucker chk for a few gallons of gas and a DIRTY JAKE burger and fried at the local choke n puke) aka anyone who held less than 500,000 shares vanished - poof, into the $100 buck $benjamin Dirty Jake mailing luv club.

That leaves ALMOST NO COMMON SHARE/BAGHOLDERS LEFT which was thee SOLE PURPOSE of this Dirty Jake Noch circus stunt - and a POS circus stunt is what this was, make no mistake about it !!

Hope that helps - it's SIMPLE DIVISION math. No "new issued shares" etc. Only "hitch" is the accounting for fractional shares which is a LOT of wiped bagholders.

Remember - DIRTY JAKE gagged the T/A BUT HE...HE...HE 100% "can see the shareholders by name, how many hold how many shares" etc. HE DID NOT PICK 500,000 BY ACCIDENT - he saw the TABLE OF SHAREHOLDERS and 100% "with intent" KNEW he could WIPE MOST COMMON BAGHOLDERS OUT and OFF HIS ROSTER via using the magic 500,000 number !!!

This was malice IMO to wipe out "Mean people" from this petulant little clown punk Jake P Noch - the dude is a gutter swimmer, bottom dragger scum bucket material. A real life TOTAL POS !!

$SONG $SONGD
5,994 common stock shares currently outstanding. Fractional shareholders have been paid out (or are in the process of being paid out via DTCC or a check being mailed by the transfer agent) at a ratio of $100 USD per share. pic.twitter.com/aJ5q78pfDZ

— Pro Music Rights (@ProMusicRights) May 21, 2024