Replies to post #9624 on Music Licensing Inc (SONG)

[valleybenedetto]

👀👀👀oh my.

[RMS555]

PR from 12-13-2023:

Furthermore, the company plans to allocate 25% of net recoverables from its ongoing licensing enforcement and collection campaign into an open-market common stock buyback program. This initiative aligns with Music Licensing, Inc.'s commitment to delivering value to its shareholders.

(bold emphasis mine) note: it says net recoverables and not net income. https://finance.yahoo.com/news/music-licensing-inc-reconfirms-buyback-141900693.html

1-U Filing on 3-26:

Furthermore, management intends to implement a long-term Buy-Back program once the company achieves self-sustainability,

(bold emphasis mine) https://www.otcmarkets.com/filing/html?id=17397660&guid=PdQ-kFbqYL7fJth

3.5 months later and a 1 for 500,000 reverse split announced Mr Jake P. Noch did a complete 180. How does he expect to achieve "self-sustainability" when he takes $12 million a year and royalty payments are way under $100k a year?