Walter4
11 hours ago
Here are some warning signs to consider when examining the financials of Music Licensing, Inc. (SONG):
1. Significant Declines in Financial Performance:
Decreasing Revenue and Net Income: SONG experienced a dramatic drop in revenue from $1.05 billion in 2023 to $128.9 million in 2024. The company also reported a net loss of $54.4 million in 2024, a significant downturn from a net income of $46.0 million in the previous year. This could be a significant red flag, suggesting potential problems with the business model or market conditions.
Weakened Financial Position: Total assets decreased significantly from $62.3 million to $19.9 million in 2024, while total liabilities increased from $12.7 million to $23.7 million. This indicates a weakening financial position and could pose liquidity risks.
Negative Shareholders' Equity: The shareholders' equity turned negative, falling from $49.6 million in 2023 to $(3.8) million in 2024. This signifies that the company's liabilities exceed its assets, raising concerns about its long-term viability.
2. Strategic Shift and Unproven Business Model:
Pivot to Royalty-Generating IP: SONG has shifted its focus from public performance rights operations towards acquiring and trading royalty-generating intellectual property stakes. While this could be a promising strategy, it also presents risks, as the success depends on the company's ability to identify and acquire profitable assets.
Reliance on Specific Acquisitions: The company's future financial success appears heavily reliant on achieving its identified acquisition targets valued between $36-250 million in royalty-generating IP assets for 2025.
3. Liquidity and Solvency Risks:
Dependence on Accounts Receivable: The company's ability to continue operations is heavily dependent on collecting outstanding accounts receivable. A large portion of these receivables are offset by allowances for doubtful accounts, indicating potential difficulties in collection.
Challenges with Funding Arrangements: SONG has faced challenges in securing a stable custodian and execution firm related to a court-approved 3(a)(10) arrangement. Should support from its primary investor cease, it could lead to significant financial strain and potential insolvency.
High Volatility and Risk: The stock price has been highly volatile, with a significant decline in recent trading days. This, coupled with a low P/E ratio, may be a warning sign of potential financial distress.
4. Accounting and Financial Reporting Practices:
Inconsistent Cash Flows: Inconsistent or erratic operating cash flows that don't align with reported earnings can be red flags.
Aggressive Accounting Practices: Unusual accounting treatments or aggressive revenue recognition can obscure the company's true financial position. Reviewing footnotes, disclosures, and accounting policy changes can help identify potential issues.
5. Other Potential Red Flags:
Growing Accounts Receivable: An increase in accounts receivable can indicate issues with collecting payments from customers.
Changes in Accounting Policies: Sudden changes in accounting policies can be a red flag, potentially indicating an attempt to manipulate financial results.
The_Golden_One
1 day ago
📬 An Open Letter: The Other Side of the $SONG Story
To those saying I’m on the wrong side—
I hear you.
The concern is that $SONG is going after small businesses over music licensing. On the surface, that sounds ugly. But let’s go deeper—because surface-level narratives are what the real predators count on.
Here’s the truth:
This isn’t about punishing small businesses.
It’s about restoring respect for creators in an economy where their work is constantly taken without consequence.
Do you think a coffee shop plays music just for the vibe? No—they use it to draw in customers, to shape the brand, to increase sales. But behind that sound is an artist, a producer, a label—people who aren’t getting paid. And when nobody enforces those rights? The freeloading becomes systemic.
$SONG isn’t the villain for protecting IP.
The villain is the system that lets massive corporate chains exploit the same music—with iron-clad licenses and armies of lawyers—while small rights holders get told to “be quiet or go broke.”
Let’s be honest:
The world is upside down when Wall Street can naked short a company into the ground and nobody bats an eye,
but when that company says, “Hey, that music costs something,”—suddenly they’re the bad guy?
No.
You want to protect small businesses?
Then fight for a world where they can license fairly, transparently, affordably—without needing to dodge lawsuits or get trampled by streaming giants.
I’m not riding for $SONG because it’s perfect.
I’m riding because it’s part of a much bigger war—against stolen value, distorted markets, and a culture that acts like creative work has no price tag.
This isn’t about lawsuits.
This is about standing up when the whole machine is designed to make people feel powerless for trying.
And as always—
Truth doesn’t care how tired you are.
The Golden One
The_Golden_One
1 day ago
Open Letter: $SONG and the Beastie Boys – A Battle for Truth
To the cynics calling this “nonsense”: wake up. Hip-hop has always been rebel music, born from resistance, not party scripts ?. The Beastie Boys were the epitome of that spirit – “an energetic, rebellious youth; a pioneering marriage of hip-hop, punk-rock and imagination” ?. Adam “MCA” Yauch wasn’t just a performer; he became literally “a voice for rebellion” ?. In other words, the Beastie Boys didn’t play it safe or follow scripts – they made their own rules. I’m invoking that legacy here on iHub because I’m not here to play clean: I’m here to fight for fairness in a game rigged against the little guys.
The Beastie Boys’ Rebel Spirit
Beastie Boys lyricism was never random; it was electric resistance. They rapped about “fight for your right” and smashed norms. When critics said white kids can’t rap, they built history – their style was loud and unapologetic, just like how I want $SONG to be. A tribute said it best: the Beasties meant “rebellion, non-conformity, and pure unadulterated fun” ?. But fun here wasn’t innocent; it was protest masquerading as party. MCA did more than hype shows: he organized a 100,000-person Tibetan Freedom Concert in 1996, the largest rock benefit since Live Aid ?. He used that platform to fight injustice. I channel that spirit. When I quote their lyrics or vibe, I’m saying: I refuse to be silenced by conventional wisdom or Wall Street smoke-screens.
Art, Rebellion and Market Justice
This isn’t some goofy meme for laughs – it’s a battle cry. Art and markets intersect when investors recognize a shared ethos: truth and value shouldn’t be stolen by the powerful. Hip-hop itself is “a direct product of the fight against injustice” ?, and we can bring that fight to these boards. Every clever Beastie Boys reference, every rebellious tagline, is a signal flare that $SONG is still awake. I see the pattern: microcap stocks like $SONG have scarce public info and “it is easier for fraudsters to manipulate” their price ?. That’s a rigged system – and guess what? The Beasties taught us to smash rigged systems with creativity. So yeah, I’m ready to make it loud and weird on purpose. The corporate media and the stock manipulators might dismiss me, but I know: truth doesn’t care how clever lies are – and it sure doesn’t care how tired anyone is.
Responding to the Ridicule
To those who laugh and say it’s “ridiculous”: you’re aiming at the wrong target. I don’t need your permission or approval – I thrive on dissent. In fact, the Beastie Boys heard “haters” all the time, and they used it as fuel: “If you’ve got fans, you’ve got critics… use it as fuel for your fire” ?. Exactly. You call this rally “nonsense”? Fine. I call it strategy. Every Wild Style reference, every pumped-up lyric, is a brick in the barricade against manipulation. I’m speaking truth as fiercely as MCA did on stage – whether he was addressing stereotypes at the VMAs or raising human rights for Tibet ? ?.
Let’s be clear: this isn’t an apology and it’s not a dress rehearsal. I double down. By invoking the Beastie Boys spirit, I tap into a rebellious legacy that laughs at being told to sit down. If you think it’s silly, guess what? They once thought rap-rock fusion was silly too, and look who’s still remembered. I’n tying this little microcap saga to that same energy because this is war.
The bottom line: I’ll fight for market justice the Beastie Boys way – with creativity, courage, and a refusal to be silenced. With words. When you’re in a fight for truth, you take strength from surprising places. So laugh all you want. I’ll keep blasting the battle hymn, dropping references that sting the status quo. This truth is going to be told, loud and proud. And as the fight rages on, remember this: Truth doesn’t care how tired you are.
SCAMBUSTERKING
1 day ago
To My Dearest Fellow Shareholders of the OTC Regiment, SONG Division
Camp Delusion, June 1865
Brethren,
I write you with trembling hand and an empty brokerage account, not from wounds sustained in battle, but from wounds delivered by our own commanding officer—General Jake P. Noch, the CEO, Chairman, and master tactician of the reverse stock split.
I fear our campaign has taken a dire turn.
Where once we held firm with hope in our hearts and decimals in our tickers, we now sit tattered and broken, watching our portfolios bleed out like hogs before winter. I invested what little I had in SONG, believing we were marching toward glory. Instead, we were marched to dilution and death.
First came the 500,000-for-1 reverse split, a maneuver so bold it surely shook the heavens. But before the dust settled, he followed it with a 2,500-for-1 reverse, reducing our holdings to something less than theoretical. I now possess, by my own reckoning, 1/1.25 billionth of a share, which is to say: I hold hope, not equity.
And yet, while we suffer in the trenches, Jake rides high on a golden cannon—having sued himself, issued himself over $1.1 billion in stock, and declared it a legal act of fairness. He is both plaintiff and profiteer. He is the issuer and the looter.
He is, in the clearest sense, the architect of our ruin.
Let it be known: Jake has outsmarted the market, outfoxed the court, and outfoolish’d us all. He has committed the most brilliant form of theft—one the regulators might call “paperwork.” And while he dumps his unrestricted stock, we hold our bags with the solemn dignity of men clinging to Confederate bonds.
The future is bleak, comrades. Our dreams of tendies have perished in a puddle of ink and hubris. The only moon we shall see is the one rising behind our empty wallets as we bend over to read another SEC filing.
I pray history remembers us not as fools, but as men misled. And should the day come when Jake faces justice, let it be known: we were diluted, not defeated.
Yours in ruin and brotherhood,
Private Thomas Bagholder, 3rd SONG Infantry
Camp Delusion, OTC Front
Walter4
1 day ago
Concerns and allegations suggesting potential abuse of the Section 3(a)(10) exemption in transactions involving Jake P. Noch and entities he is associated with.
Here are some potential areas of concern highlighted in the search results:
Excessive Issuance of Unregistered Shares: Some reports suggest that affiliated entities may have issued large volumes of unregistered shares, potentially violating SEC regulations.
Allegations of Sham Lawsuits and Debt Obligations: There are allegations that fabricated debt obligations and pre-arranged lawsuits were used to facilitate the issuance of unregistered shares under the 3(a)(10) exemption.
Use of 3(a)(10) for Attorney Fees: The use of this exemption for issuing securities to cover attorney fees has drawn scrutiny.
It is important to note:
These are allegations and suggestions, not definitive findings of abuse.
The use of the 3(a)(10) exemption is a legal mechanism for exchanging securities for claims or property interests, often in the context of court-approved settlements or business combinations.
Music Licensing, Inc., announced in February 2025 that it issued a large number of shares to Jake P. Noch Family Office, LLC under a court-approved Section 3(a)(10) exemption as part of a settlement agreement.
bluefish1
1 day ago
An Open Letter to The Golden One:
Please, just stop it already. You're ridiculous with these open letters. So overly dramatic, yet useless at the same time. $SONG is a pure scam. It's all around you and easily seen. Stop defending something that can't be defended.
True, SONG isn't a fluke, but not for the reasons you outline. OTC scams come along like planes or trains. There's always another one, so in that sense, you're right.
You ARE exhausting. Who's the "we"? It seems like mostly just you.
The rot has been dragged into the light, and now the game is being played out in court. Don't end up being on the side of wrong for the sake of a few bucks.
Hi_Lo
2 days ago
find it interesting that there are one or two heavily pessimistic accounts that post gloom and doom
That's because the "doom and gloom" information about Jake's documented scams are easy to find.
He has so much material out there.
LOL!!!
https://www.vice.com/en/article/v7gmvd/spotify-sues-self-described-music-prodigy-who-allegedly-ran-royalties-scam
Spotify Sues Self-Described 'Music Prodigy' Who Allegedly Ran Royalties Scam
Spotify says Jake Noch "[generated] hundreds of millions of fraudulent streams" and engaged in "title track parasitism" among other fraudulent practices on its platform.
https://www.billboard.com/pro/spotify-indie-label-streaming-fraud-millions-fake-accounts-countersuit/
Spotify Countersues Indie Label, Alleging Massive Streaming Fraud & Millions of Fake Accounts
Spotify has countersued indie label Sosa Entertainment and its founder Jake Noch, alleging massive streaming fraud, unjust enrichment and the creation of millions of fake accounts to generate…
He is also diluting through his illegal 3(a)(10) exemption to issue himself as many shares as he wants to pay himself $6 million as an annual salary for doing nothing other than running this scam.
It ain't happening.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174721712
Jake is getting 6 million (more like 12 million) a year salary.
IN THE COUNTY COURT FOR THE TWENTIETH JUDICIAL CIRCUIT IN AND FOR
COLLIER COUNTY, FLORIDA
CIVIL ACTION
Jake P Noch Family Office LLC CASE NO. 11-2024-CA-000998-0001-XX
a Florida Limited Liability Company,
Plaintiff,
v.
Baron Capital Enterprise Inc.
a Florida Corporation,
Defendant
PLAINTIFF’S MOTION FOR DEFAULT JUDGMENT
Plaintiff, Jake P Noch Family Office LLC, pursuant to Florida Rule of Civil Procedure
1.500(b), hereby respectfully moves this Court for a default judgment against Defendant, Baron
Capital Enterprise Inc., and states:
1. This is a civil action for damages in excess of $50,000, against Defendant.
2. Plaintiff owns more than 250,000,000 shares in BCAP.
3. BCAP is the symbol that Defendant uses to trade on the Over The Counter Market.
4. On May 13, 2024, Plaintiff commenced this suit, asserting bought common shares
over the OTC market from Defendant, and Plaintiff took a position within
Defendant’s company and owned over a substantial amount of common shares as
of today.
5. Defendant was not and is currently not compliant with its annual or quarterly
reporting requirements as a publicly traded company therefore, as a shareholder,
Plaintiff requested in writing to Defendant corporate records of the company.
WHEREFORE, Plaintiff respectfully requests that this Court enter an Order granting a
default judgment against Defendant Baron Capital Enterprise Inc. in favor of Plaintiff and
granting Plaintiff’s initial requests in the Complaint and such other and further relief as this
Court deems just and proper. Furthermore, Plaintiff requests that this Court:
1. Appoint Plaintiff as Chairman of the Board (COB) and Chief Executive Officer (CEO) of
Baron Capital Enterprise Inc. without the need to hold a formal shareholder vote.
2. Grant Plaintiff custodianship of Baron Capital Enterprise Inc.
3. Remove all existing share classes that Plaintiff deems necessary.
4. Provide Plaintiff with a voting control block as part of this process.
5. Address and resolve any voting rights issues as requested by Plaintiff.
6. Plaintiff’s annual salary as a custodian would be paid as a form of convertible note. The
convertible note shall permit the Custodian Jake P. Noch or his affiliated entities or third
party entities to receive shares until Jake P. Noch is able to realize six million dollars
($6,000,000.00) in cash with any other expenses incurred to realize this amount.
Additionally, Plaintiff will receive 50% of the net profit of all future ventures that Plaintiff
formalizes under the company. The note shall remain valid and in effect until Mr. Noch
realizes six million dollars ($6,000,000.00), and additional shares may be added to the
convertible note as necessary in order for such amount to be received. The entity shall
indemnify Plaintiff due to unknown liabilities that may pre-exist. This salary mechanism
is for the risks undertaken and costs incurred in cleaning up regulatory issues, restructuring
the business, and acquiring or building a new company, ensuring the continued benefit to
shareholders.
7. Conduct the reimbursement, convertible note, and the shares related in this transaction as
a 3(a)(10) exemption of the Securities Act of 1933 and hold a fairness hearing to ensure
compliance with the exemption process.
Additionally, the custodian will take over the Series AA shares, BB shares, and any other control
blocks and will have the discretion to determine the structure of the shares currently in existence.
Furthermore, Plaintiff requests the Court to create a class of shares called Preferred J Class with
the following rights:
1. Each share in the Preferred J Class can vote on all matters.
2. The Preferred J Class is intended to be exclusively held by Jake P. Noch or his affiliated
entities.
3. The Preferred J Class will have 80% voting power across all classes of shares of the
company.
Explanation of Benefits of 3(a)(10) Exemption:
The 3(a)(10) exemption under the Securities Act of 1933 allows for the issuance of securities in
exchange for bona fide claims without the need for registration under the Act, provided that a
fairness hearing is held and the court approves the transaction. This exemption is beneficial for
the following reasons:
1. Efficiency and Cost-Effectiveness: By utilizing the 3(a)(10) exemption, the transaction
can proceed without the lengthy and costly process of registration with the SEC, saving
time and resources for all parties involved.
2. Protection for All Parties: The requirement of a fair hearing ensures that the interests of
all shareholders and stakeholders are considered and protected, providing a transparent
and equitable process.
3. Regulatory Compliance: The exemption allows the company to comply with securities
laws while addressing the urgent need for restructuring and regulatory clean-up, which
are necessary for the company's survival and future growth.
4. Facilitates Reimbursement and Investment: This process enables Plaintiff to be
reimbursed for the significant risks and costs undertaken in the restructuring and clean-up
process. It also facilitates the necessary investment to acquire or build a new company,
ultimately benefiting the shareholders by restoring the company’s viability and enhancing
its value.
https://cms.collierclerk.com/cmsweb/
Plus Jake is on the run from getting served by authorities for his credit card debt among other things.
Watch Jake run - run Jake, run!
Walter4
2 days ago
To share a news tip in Naples, Florida, you can contact the Naples Daily News by emailing news@naplesnews.com. The Collier County Sheriff's Office also has a tip line for sharing information with them. You can also submit tips and photos/videos of breaking news to Gulf Coast News and Weather (WBBH-TV) on social media using #gulfcoastnewstip.
Details for specific news outlets:
Naples Daily News: Email news@naplesnews.com or use the contact form on their website.
Collier County Sheriff's Office: You can submit tips through their website, including uploading files.
Gulf Coast News and Weather: Use the hashtag #gulfcoastnewstip on social media (Facebook, Instagram, Threads, Twitter (X), TikTok, Bluesky, and Nextdoor).
Fox 4 News (WFTX): You can email news@fox4now.com
https://www.nytimes.com/tips
Walter4
2 days ago
Based on the provided information, it is suggested that Jake P. Noch and affiliated entities have utilized the Section 3(a)(10) exemption in ways that have drawn scrutiny and concerns regarding potential abuse.
Potential Areas of Abuse:
Excessive Issuance of Unregistered Shares: Reports indicate that affiliates have potentially flooded the market with billions of unregistered shares, allegedly in violation of SEC rules and case law regarding the 3(a)(10) exemption.
Sham Lawsuits and Debt Obligations: There are allegations that pre-arranged transactions using "sham debt obligations" may have been employed to facilitate the issuance of unregistered shares through the 3(a)(10) exemption. For example, one source suggests that a company allegedly entered into loan agreements knowing they would default, enabling sham lawsuits and settlement agreements to trigger the issuance of unregistered shares under the exemption.
Use of 3(a)(10) for Attorney Fees: The use of the 3(a)(10) exemption to issue securities for attorney fees is highlighted as an area of significant abuse, and the SEC has only allowed this in limited circumstances. There are allegations involving the use of the 3(a)(10) exemption in the context of legal disputes and settlements involving Jake P. Noch.
Lack of Transparency for Investors: The 3(a)(10) exemption is designed to provide investor protection through a fairness hearing. However, the described activities raise concerns about whether this protection is being sufficiently realized in practice, especially with some companies allegedly hiding transactions from investors.
Important Considerations:
Complex Legal Landscape: The 3(a)(10) exemption is complex, and navigating its requirements necessitates careful attention to legal and regulatory details.
Need for SEC Guidance and Enforcement: Some experts suggest that the SEC should update guidance on Section 3(a)(10) and take strong enforcement actions to address predatory financing schemes.
Ongoing Legal Battles: There are reports of legal proceedings and disputes involving Jake P. Noch and affiliated entities that touch upon the use of the 3(a)(10) exemption.
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