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Friday, May 16, 2025 3:10:15 PM
I just linked the filing, post split, where Jake explains he issued 5,000,000,0000 to himself right after the split. That he did the split SO HE COULD ISSUE HIMSELF THAT MANY SHARES and deposit them before he tanks the price by dumping them into the market. Please read it... he already told everyone:
"On February 27, 2025, MUSIC LICENSING, INC. Announced (the "Company") issued 5,000,000,000 shares of its common stock to Jake P. Noch Family Office, LLC. under a court-approved Section 3(a)(10) exemption..."
"The rationale behind this large share issuance is due to historical challenges encountered by Jake P. Noch Family Office, LLC. in securing a stable custodian for custodial deposit of tranches of the Company's common stock.[/I] In the past, shares were deposited at a custodian; however, a significant decline in the Company’s common stock price caused the custodian to reject further tranches. As a response, the Company enacted a reverse stock split to increase the per-share price and approved a substantial tranche issuance to facilitate the realization of the full 3(a)(10) balance."
https://www.sec.gov/Archives/edgar/data/1671132/000121390025017626/ea0232351-1u_music.htm
"On February 27, 2025, MUSIC LICENSING, INC. Announced (the "Company") issued 5,000,000,000 shares of its common stock to Jake P. Noch Family Office, LLC. under a court-approved Section 3(a)(10) exemption..."
"The rationale behind this large share issuance is due to historical challenges encountered by Jake P. Noch Family Office, LLC. in securing a stable custodian for custodial deposit of tranches of the Company's common stock.[/I] In the past, shares were deposited at a custodian; however, a significant decline in the Company’s common stock price caused the custodian to reject further tranches. As a response, the Company enacted a reverse stock split to increase the per-share price and approved a substantial tranche issuance to facilitate the realization of the full 3(a)(10) balance."
https://www.sec.gov/Archives/edgar/data/1671132/000121390025017626/ea0232351-1u_music.htm
Bearish
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