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LOL
Thanks
And thanks for the comic relief!!!!!!!!!!!!
What a horrible contract this is. No songwriter would ever sign this unless they were coerced to do so. This contract would bleed you dry. You’d never see a penny.
Meanwhile Jake is announcing on Twitter that he's just got another $208 dollars from the Listerine royalties stake that cost him $79,500.
He's already spent that $208 on press releases saying the $208;
OTC done 4 life. I rather buy anything else
HERE COME THE OTC RS's there are many more to come
Indooooooooobitably one of the biggest reverse splitzkies of all time, and by one of the most self-righteous morons (or Maroon if'n you're a Bugs Bunny fan) of all time.
Maybe Noch could put the reverse split to music and lyrics to soothe his hapless shareholders who can't even sit down because that part of their anatomy was split like the San Andreas fault line.
I'm glad I never bought any of this POS. I feel sorry for those that did. On top of that the CEO is actually trying to sue them for not enjoying it. Totally absurd...this is so bizarre.
Is this one of the biggest one's you've seen?
Thanks
SONG: READERS DIGEST VIDEO EXPLANATION :
https://www.otcmarkets.com/stock/SONGD/quote...
$SONG: REVERSE SPLIT-a-CON TRACKER :)
Well - lets see what Lil Jake and his scam does now -
https://www.otcmarkets.com/stock/SONGD/disclosure
You'll probably make a bit more sense of this than I can. It is the 5 year contract Jake says anyone who fills the form on his site has agreed to:
https://promusicrights.com/email/Agreement_Music_User.php?local=true&hash=889371005182024024826
How does it compare to a license from the real PROs with real music?
$SONG: FINANCIAL SEC EDGAR DATABASE
Musicexec - just an FYI regarding filings. SONG is a "SEC FILER" where as many (probably 90% or more) of these stinky pinky OTC trading POS scams are "usually" what's known as "Alternative filers" and they merely file a literal MS WORD document to nowhere and no one but the OTC MARKET site.
I just grabbed the 1-K filing off the OTC link as I had that page open and it was quick.
BUT the "official" repository for ALL SEC FILINGS for any SEC filer company - is always the SEC EDGAR database aka US gov maintained, etc.
https://www.sec.gov/edgar/search/#/ciks=0001671132&entityName=Music%2520Licensing%2520Inc.%2520(SONG)%2520(CIK%25200001671132)
That is the link to any and all "official filings" and also is where those filings "officially get uploaded" for ticker $SONG, this here bad train wreck with a massive crash n burn plane disaster wrapped around it.
When I get a few minutes in a little while - I "think" I can probably answer your other questions.
Just "at a glance" reading your post - first place to "understand" the $12,000,000 bullshit as to Lil Jake and his "self issued salary" aka $12 mil annually - he issued to HIMSELF as a "DEBT NOTE OWED IN SHARES OF STOCK, AS MANY SHARES AS NEEDED AND NO LIMIT TO THOSE SHARES" blah blah blah blah paraphrasing.
It's all a hustle - and thus the variable share count issue I "think" is what you were asking about. AND if I'm not mistaken he has that scam "salary" accruing interest OWED TO HIMSELF LOL !!!
These are ALL hallmarks of penny gutter total scams - as gutter as the $1 BILLION in pure vapor-ware and not worth the paper its printed on SCAM "REVENUES" - the Fugazi-a-SCAM INC aka this POS $SONG !!!
Will post some things later - but keep the SEC EDGAR link for anytime you need it - that's the best place to always go for actual, most recent, 100% "true and bona fide" SEC filings, for ANY "SEC LISTED" company.
You can search SEC EDGAR by company name (Example: Apple, or Microsoft etc) and get all their filings - exactly as uploaded to the SEC EDGAR repository :))
Just seen this from the OTC 1k filing :
Risk Factor: The Company may not recuperate all the debts that it is owed.
If the company is unable to successfully recover a significant portion of the outstanding amounts owed to it, a revision of the financial statements might be necessary. Such a situation implies that the expected cash flows, previously recognized as receivables, may not materialize, leading to a reassessment of the company’s financial position. The potential inability to collect on these receivables may necessitate writing off these amounts as bad debts, directly affecting the company’s net income and potentially altering stakeholder perceptions of the company’s profitability and financial stability.
Had this been disclosed to the auditor at the time of their audit of the financial statements surely this would have resulted in a going concern qualification on their audit report dated Feb, 22 2024 ?
Is it not usual practice for companies to release their full directors report at the same time they release their financial statements to investors and to the public to avoid speculation on stand alone financial statements by readers who haven’t yet had the opportunity to read the full directors report at the same time they read the company financial statements?
Simultaneous release also allows an auditor to check for inconsistency with the directors report or to ask additional audit questions before signing their audit report on the financial statements
many thanks Dragon Lady for sharing the link to the Form 1-k OTC filing for the year to Dec 23 which were filed on 03/25/2024 which I hadn’t clicked on until now for the reason set out below
https://www.otcmarkets.com/filing/html?id=17393055&guid=iiQ-k61SCP9nB3h
I had until now only seen the company press release with the link to the Dec 2023 financial statements made on 02/26/2024 which I had incorrectly assumed was all the information through Dec 23 that was publicly available from the company for the period but now I see from the OTC link you kindly shared that the financial statement issued in Feb excluded the additional disclosures by the company directors on pages 1 to 20 of the 1k filing including a reference to 2.2 million of the music tracks claimed to be owned by the company being by Jake Noch himself as well as reference to risk factors identified by the directors and other statements by the directors which were not published in Feb with the published financial statements themselves which were released a month earlier without the full 20 page directors report filed with the 1k filing which may shed additional light on the reading of the financial statements of the company which I will now need to re read
As I have only just seen this OTC filing I have only had time so far to have a very very brief read through the additional director disclosures on pages 1 to 20 but immediately saw at least one potential inconsistency between the additional disclosures on pages 1 to 20 and the financial statements released by the company during Feb 2024 as set out below which I’m hoping other members of this forum can clarify for me or maybe even Jake himself could clarify when he next visits this forum.
The additional directors disclosure shows ‘directors compensation’ of $12,308,525 plus $15,000 yet page F3 of the financial statements shows Wages and Salaries of $12,000,000. Anyone understand where the additional costs could be classified in the financial statements if not on the Wages and Salary line of the P&L as the crowdfunding auditor did not flag this as a potential inconsistency in his Form 1-k report so should I assume the cost must be included in another line of the P&L ?
Is there no employer taxes or other costs to be accrued on the accrued salaries ?
I’m personally also struggling to understand why the holding of common shares by the Noch family office is disclosed as being “undeterminable amount of Common Shares 3(a)(10)” as at the balance sheet dates. Can anyone explain ?
Again if anyone can explain this to me in simple terms as I’m still struggling to understand the share capital of this company.
I am also not sure where the payments to artists , composers and third party publishers are shown on the P&L nor the accrual for such payments on the huge accrued revenues amount
I am also trying to understand why no accruals have been made for corporate or deferred taxes payable given the cumulative profits reported in the financial statements
I imagine that like me other people on this forum who read the financial statements issued with the Feb press release may have also assumed the financial statements released by the company at the end of February 2024 had been the full disclosure by the company directors for the year to Dec 23 and hence I assume some readers like me had not clicked on the 1k OTC filing itself and so like me may not have been aware of the 20 pages of additional director disclosures that had not been released at the time the financial statements were released by the company via globe newswire to the general public a month earlier
Any insights from anyone on this forum on these additional 20 pages of disclosures I missed reading myself would be most welcome as I am not sure when I will get time over coming days to properly read 20 pages of additional disclosures myself
$SONG: Lil JAKE X-TWEETS "R/S A GOOD THING" LMAO !!!
The dude is mis-wired and just a plain old garden variety dirt ball to put it mildly........
MONDAY $SONG BECOMES $SONGD for approximately 20 days & approximately 6,004 Shares will be outstanding! pic.twitter.com/coZksuM5Um
— Pro Music Rights (@ProMusicRights) May 17, 2024
Interesting here, scammmmmmm speculating, r s
Couple of days?!
Or get criminal charges....
..
.
Yeah, I was just giving example of any individual holding when R/S occurs. My guess is when that threshold hits, what you are stating, this drops tremendously. In essence, this is a shorty's best case scenario. That's why I would not buy in. This company is not like GE, It's trading in OTC, if you know what I mean. If I could short this one, I would.
You added 0's. The O/S would have been 3,002,000,000. Means he sold 2.2B shares, or $220k for every $0.0001 he dumped them at. He had a pretty stout holding of his own, could be he hasn't sold them into the float just yet.
On the other hand, he has a pretty valuable shell right now as long as he cancels that absurd convertible note issued to himself. A shell with no debt, a paltry 6000 shares issued out of multiple billions in the A/S would be a hot commodity, bet he could get a half million for it.
You're talking about your cost basis, and I'm talking about the closing price on Friday ($0.0002) with the RS applied. The price will show $100 until someone trades 100 shares in a single trade.
Why do you think I stated earlier to sell the minute market opens...LOL. Shorties are going to take advantage here. At least take a small loss instead of a big one. This may drop like a boulder hitting the road. And, I would not buy in until all is done. And I would question even buying back in at all after this shenanigan. I would not want to let this take my money twice. Just my perspective and opinion.
You know about horse-racing, right? Well, the same methodology applies here. Everyone has a system they use to help them calculate and pick and choose. With me, I take somewhat of an unorthodox way, along with researching the company itself. If I state something, people can accept it or not. What I state is just my opinion on things. Or, I may reference what others have stated along with my opinion. People just have to get over themselves, for one never knows if information could be correct.
Yes I know. But OTC uses the OS that the company/TA supply to OTC to calculate the market cap daily.
..
.
Correct, but you know who CAN start selling? Jake.
Don't really know. Have wait and see. Any updates to the OTC are brought to them by the company. OTC doesn't do anything except post information given them by the company.
Jake says the OS will only be 6004 shares now. X 500,000 that means the OS was at least 3,000,200,000,000. Thats a very long way from what is at OTCMarkets.
What's OTCMarkets going to have for market cap Monday with 802,635,215 x 50 bucks... 40,131,769, 750... ?
..
.
you don't understand how this works either. people will not be able to sell at the open. they will have to wait until their old shares are replaced with new shares at their broker. that can take a few days. the only thing existing shareholders can do at open is buy.
Well someone did not get the message then. I just checked on this one yesterday and like I stated, I Print-Screened the site showing the "D" after the symbol, which indicates to me an R/S.
Well, I am seeing a "D" after SONG. This means R/S conducted. I even Print-Screened what site is showing.
I can only guess. I know that if I bought 1,000,000 shares at .0005 for example, after the R/S of 1:500,000 I would be adjusted at 2 shares at $250.00. With that being said, and knowing what really happens after an R/S is conducted, the price usually drops. I would never see anything above $250.00 to make a gain. It is a definite loss. But, it depends on the price at which you bought at. That's why I truly hate R/S. Been doing this for a long time and learned.
The RS is 1:500000, so if it closed at $0.0001, the open would be $50
So, a man of his word...or not....sigh.
November 2023 Jake filed that there would be NO R/S before Jan 2025…
https://www.otcmarkets.com/filing/html?id=17460292&guid=IiQ-kFZ0QR5zQhh
Notice that information on OTC hasn't been fully updated since 11/27/2023, which could be misleading if people were researching this particular company. Without reading actual reports being submitted, no one would know the difference. Definitely not trustworthy in my opinion. IF, and I do mean IF, I were to recommend on this one, I would say stay away. Red Flags all over this. Just my opinion.
SONG SECURITY DETAILS
Share Structure
Market Cap Market Cap
160,527
05/17/2024
Authorized Shares
2,000,000,000
11/27/2023
Outstanding Shares
802,635,215
11/27/2023
Restricted
37,904,484
11/27/2023
Unrestricted
764,730,731
11/27/2023
Held at DTC
759,469,326
11/27/2023
Float
764,995,461
03/20/2023
Par Value
0.001
My opinion...if a company does this and has an R/S at this ratio, it is truly not worth buying. GLTA here.
I would project almost instantaneously...LOL
It's just me, but I would "Open Market" SELL at the open Monday trying to hang on to some money before losing it all trying to hang on. I would take the small loss over losing it all. Just my perspective.
And looks like a done deal already. I see the "D" after it already.
If it closes at .0001, then $100. If closes at .0002, then $200, and so on...LMAO...and that is based on if the R/S info is correct. Talk about people really getting screwed holding this up to the split date. People will never recover. Just my opinion. And, then, it will tank from day 1...LMAO more. Good luck trying to offload now, even at .0001, as I would not touch this until after split.
$100/share. 😂 How long before subpenny? 🤣
1:500,000 ! Is that a record?
SHIT TICKER $SONG: 1 for 500,000 REVERSE SPLIT !!
DEFCON ONE RED SCAM ALERT : SHIT TICKER SONGD ALERT: 1 for 500,000 REVERSE SPLIT LMAO !!
Holy shit - THIS is likely a new world record for gutter ticker REVERSE SPLITS WTF ???????
Lil Jakey is WIPING OUT "with intent" ALL LEGACY BAGHOLDERS of this dog shit scam....total wipe out....100% planned by THE KID if you ask me LMAO !!
Who the F except some penny hustler invoke a 1 for FIVE HUNDRED THOUSAND damn reverse split - other than RETRIBUTION FOR "PEOPLE SAY MEAN THINGS ABOUT ME" so here, here is a big ole shit can of REVERSE SPLIT destroy you dumb enough to have bought this total hustle scam !!!
Ths POS - it'll be the short of the century and/or is going to go more ill-liquid than a sack of wet quickcrete on a hot FL Jake P Noch summer day in Naples at momma's big crib estate LOL !!
Holy shit - what a hustle - this one stinks boy n girls.....like a damn open air fish market in a 100 plus degrees......this won't end well for ANY bagolders or baggies buying this crap in the future ...not a chance in hell !!
$SONG ...more toxic than refined Plutonium now - the OTC STINKY PINKY "CHAMP" for filthy reverse splits and TOTAL 99.8% MASSIVE LOSSES to date...now going to lose the 99% of that last .02% the hardest part of any con job.....Bwaaa ha ha ha ha !!!
💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️ 💀 ☠️
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https://web.archive.org/web/20170512031442/https://thesource.com/2017/05/11/miamis-brick-god-sosa-releases-yop-sticks/
"DOPE RECORDS" and profuse use of gang-speak and prolific firearms imagery, psycho language, smearing of females, talk of forced and foul sexual acts performed on females by Noch up to and including imagery/verbal descriptions of likely rape, etc. Psychotic IMO !!
THIS IS THE FOUL MOUTH RAMBLINGS OF A UNSTABLE PSYCHOTIC and DANGEROUS PERSON IMO aka JAKE P NOCH :
https://www.youtube.com/@BrickGodSosa
https://www.youtube.com/watch?v=uYozXrgdAR8
JAKE P NOCH aka BRICK GOD SOSA among many "other" aliases he uses and "operates" under - ramblings of a psychotic lunatic IMO !!
That is an AR-15 or a variant of one in his hand and he's wearing a "bandanna of colors" aka typical well well recognized criminal street-GANG member attire - AND the "channel" and his logo is peppered with high powered military grade firearms as his moniker, his "logo" and imagery to ID his name, his "brand", his self labeled "Ganster and gang member lifestyle" etc.
Not only can you have lost 99% of your investment here, you are about to lose 99.99999% 🤣
SONG: one for 500,000 reverse split. Major ouch!!!
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Road back to .0001 begins Monday
The SEC and FINRA are not orgs looking out for shareholders, this shouldn't be a surprise. With enough elbow grease, you can completely ruin all shareholders.
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