The_Golden_One
5時間前
Curious to see how everyone shoots holes in a hypothetical scenario.
Let’s assume SONG continues to decline and eventually reaches $0.0001. If there are approximately 50 million shares outstanding, a determined investor could potentially accumulate a meaningful ownership stake for a relatively small amount of capital.
At what point does ownership become large enough to justify filing beneficial ownership reports or taking a more active role as a shareholder?
More importantly, what options would such a shareholder have if their primary objective was preserving the existing share structure and opposing future reverse splits?
Could a large shareholder realistically seek injunctive relief or pursue legal action to challenge future corporate actions? Or would their practical influence have limited voting rights, and mainly consist of shareholder proposals, director nominations, and public advocacy?
I’m not promoting any particular course of action. I’m simply interested in understanding how corporate governance, shareholder rights, and ownership concentration would play out under that scenario.
What am I missing?
Walter4
1週前
The Supreme Court's unanimous decision allows the Securities and Exchange Commission (SEC) to recover all illegal profits from wrongdoers without needing to prove actual financial harm to investors. This strengthens the agency's enforcement powers and makes it much harder for individuals to keep money obtained through fraudulent schemes. Jake P. Noch and his affiliated entities (like the Jake P. Noch Family Office) have previously used Section 3(a)(10) of the Securities Act to settle outstanding debts and claims.The Scheme Mechanism: In these transactions, an individual or family office settles a debt owed by a dormant or distressed public company. The company pays this debt by issuing discounted, unrestricted stock directly to the financier rather than paying cash.No "No Harm" Defense: Under this new ruling, anyone conducting an unlawful or fraudulent stock scheme can no longer use the defense that no individual investor technically "lost money".Forced Disgorgement: If the SEC investigates these 3(a)(10) operations and finds that they were structured as manipulative or unregistered issuances to enrich insiders rather than legitimate debt settlements, the agency can force Noch or his entities to turn over all illicit profits.The Supreme Court clarified that the SEC's recovery is measured by the wrongdoer's "unjust gain". Therefore, if the SEC proves the stock issuance was unlawful, the agency can go after the entire amount of profit generated by selling that stock
https://www.nytimes.com/2026/06/04/us/politics/supreme-court-sec-disgorgement.html
SCAMBUSTERKING
1週前
I have been an OTC consultant, I have been issued shares, I have got them unrestricted after 2 years, I have deposited those shares at a broker, and I have sold them. Brokers that accept deposits for OTC stock have selling limitations, 20% of the weekly volume any day. So they say "we can sell X today" and you go "do it." Then the average vol starts to move up, you then get higher limits as you personally make the vol higher and sell more and more.
Jake has done this a few times. You will start to see daily vol go from thousands, to tens of thousands, to hundreds of thousands, to millions (where we are now), to tens of millions and maybe even hundreds of millions before another RS.
Walter4
1週前
Shareholders face total losses when "investing" in Jake P. Noch-affiliated companies due to the highly dilutive compensation plans and "dollar-denominated" court settlements that rely on dumping stock on the open market. These questionable payouts allow Noch to sell millions of shares directly to retail investors. Noch's company restructurings (like Music Licensing, Inc. and Baron Capital Enterprise Inc.) are governed by section 3(a)(10) exemptions. Noch then uses his private entity (the Jake P. Noch Family Office) to claim securities from the public company. Instead of receiving a fixed amount of shares, the agreement entitles Noch to receive new shares until a specific cumulative dollar value is realized from their sale. When Noch's family office sells these freshly issued shares into the open market, the selling pressure floods the market with new supply. This rapid increase in the number of outstanding shares dilutes existing investor holdings, driving down the share price. Because of the sheer volume of shares available for compensation, the company's underlying market capitalization must grow by billions of dollars just to offset the continuous dilution
SCAMBUSTERKING
1週前
Correct, but remember, he will hide that from anyone he is trying to steal money from he's soliciting for the ABS. All they will see is 5 pubco's, owing the Lux entity $119M, that can be paid back with unlimited free trading shares being sold into the market, with a 2% compounding interest PER MONTH. So the paper value just keeps going up no matter what and artificial paper value will just keep going up even of the money isn't realized.
Same game he played on the fake SONG revenue, just pretend it is real, put it in the filings, then write it off later. But in this case, the number will only get artificially bigger which he can then make value creation without actually receiving anything from the scam shells he is running. Will be a few years before those people catch on if he has no check by authorities.
The_Golden_One
1週前
I’ve gone back and reread the company’s strategic roadmap and masterplan. To be fair, portions of the plan appear to have been followed. The 3(a)(10) structure was implemented, acquisitions were discussed, and reverse splits occurred as outlined.
What I haven’t seen yet are the other pieces that were supposed to accompany that strategy. The plan specifically mentioned creating enough buying pressure and value to overcome dilution associated with the 3(a)(10) process, moving beyond low-priced security status, and utilizing forward stock splits to support future growth.
That’s the part shareholders are still waiting to see. The dilution side of the equation has been highly visible. The mechanisms intended to offset that dilution have been much harder to identify.
The original vision doesn’t seem to be about simply restructuring obligations. It was about creating enough demand and shareholder value that dilution would eventually be overcome. Again, the buying pressure, move beyond low-priced security status, and forward split side of the equation seem to be taking longer to appear.
I’d welcome an update on where we stand relative to those original objectives. If the strategy remains intact, shareholders deserve to understand what milestones have been achieved, what remains ahead, and how the company intends to deliver on the portions of the plan that have yet to materialize.
Sometimes things are on the radar before they happen. I’m hopeful shareholders will eventually see the rest of the roadmap come into view.
https://finance.yahoo.com/news/music-licensing-inc-song-unveils-181400360.html
SCAMBUSTERKING
1週前
Funny enough, his original scam was hilariously obvious. The share selling scheme came LATER. When you read below, this was SO obvious after the fact that it makes it even funnier.
Step 1: Create a "PRO" under the new rules
Step 2: Create shell "publishing" companies to hold "works" - "Publishing Company A LLC" "Publishing Company B LLC" "Publishing Company C LLC"
Step 3: Fill those shells with AI generated "works" BEFORE the the AI actually made the songs, this was 2017 before AI could even really make a song. The tech didn't exist yet and certainly not in a garage full of cheap PC's.
Step 4: Create a business where the "rights holders" get the majority of the revenue collected and "Pro Music Rights" only keeps some monthly fees. Guess who owns all the works?
Step 5: Make sure you own all the "playable" works in the library, meaning is someone wanted to actually use the song at their store for example, it could only be the songs he made available to play... which were all his.
I think he believed if he faked it long enough he would be personally getting basically all the revenue once the tech could actually make the music. The Tech was easily 7+ years away from makable music and he really had no idea how to get the fake titles and fake artist in there to have something for anyone to play... so he switched to a pubco shell he could milk. Again, he still would get all the revenue but could also steal people's money by selling shares by being "innovative" with the first to embrace AI. If he faked it well enough real artist would join... but they all new he was a trust fund loser.
But the original plan was clear, fake a PRO with a large works library, be both the company and the rights holder, pocket ALL the revenue. Sadly, he just sucks so bad at this he has to get a new scam to follow his old scam... on repeat. He just leveled up the fraud.