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Music Licensing, Inc. (OTC: SONG) Announces Major Updates for Investors: Form 211 Filing, Potential Forward Stock Split or Dividend, and Plans to List on Nasdaq
Music Licensing, Inc. (OTC: SONG) Announces Major Updates for Investors: Form 211 Filing, Potential Forward Stock Split or Dividend, and Plans to List on Nasdaq.
About this update from Music Licensing, Inc.
[{"type":"text","content":"NAPLES, FL / ACCESSWIRE / December 19, 2022 / Music Licensing, Inc. (OTC PINK:SONG), owner of Pro Music Rights, one of the world's largest music licensing companies, is pleased to announce that a new Form 211 has been filed with FINRA to restore its proprietary quote eligibility. The company is now awaiting FINRA to process the form and is confident that it will fully restore its eligibility.In addition, Music Licensing, Inc. (OTC: SONG) is exploring a forward stock split or a stock-based dividend once FINRA has processed the new Form 211. The company is considering a 1 for 5 forward stock split to increase liquidity, tighten the bid/ask spread, and increase trading volume. It is also exploring the possibility of issuing a dividend to shareholders in the form of a new class of common stock with identical rights as the current class. Music Licensing, Inc. (OTC: SONG) plans to file another Form 211 with FINRA to allow both classes of common stock to be publicly traded.Music Licensing, Inc. (OTC: SONG) has been in communication with Nasdaq's First North Growth Market in Sweden to list on the exchange. On December 15, 2022, the company's European capital markets listing advisor, DCM Asesores, had a call with Nasdaq First North Growth Market to become a certified adviser. DCM Asesores expects to undergo training to become a certified adviser by mid to late February 2023 and guide Music Licensing, Inc. (OTC: SONG) through the listing process on Nasdaq First North Growth Market. Nasdaq has already confirmed the reservation of the symbol NASDAQ: MUSIC for Music Licensing, Inc. (OTC: SONG)'s listing.In other news, Music Licensing, Inc. (OTC: SONG) is working with its legal counsel to collect on a judgment won against Ayujoy Herbals (OTC: AJOY) and expects to receive a response on an arbitration complaint filed with FINRA by Pro Music Rights and the Jake P. Noch Family Office seeking $386,574,108.25 plus interest and costs from OTC Link LLC by January 6, 2023.About Pro Music Rights, Inc. (ProMusicRights.com)Pro Music Rights the 5th public performance rights organization (PRO) ever formed in the United States. Its licensees include notable companies like TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and hundreds of others. Pro Music Rights controls an estimated market share of 7.4% in the United States, representing over 2,500,00...