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Penny stock gambling: anyone with $SONG eagerly waiting for Monday morning?

Posted on 2/25/24 at 1:43 am
Posted by LSUneaux
NOLA
Member since Mar 2014
4487 posts
Posted on 2/25/24 at 1:43 am
Price sitting at .0005, just acquired the worldwide rights to the royalties for Listerine a few days ago, CEO has been canceling hundreds of millions of shares to bring the OS below a billion.

Results of AUDITED financials to be released at 8:29am Monday.

Tweets from the CEO:







This post was edited on 2/26/24 at 10:58 am
Posted by LSUneaux
NOLA
Member since Mar 2014
4487 posts
Posted on 2/25/24 at 1:52 am to
Posted by dstone12
Texan
Member since Jan 2007
30106 posts
Posted on 2/25/24 at 5:30 pm to
What do you anticipate this going to beyond the one cent level? Not talking over the next two weeks but over the next six months?.
Posted by Stamps74
Member since Nov 2017
609 posts
Posted on 2/25/24 at 10:41 pm to
Ok I’ll look stupid but I’ll ask….

So this is a music stock that bought the rights to a percentage of each bottle sold of mouthwash?

Edit: saw it was over $1400 dollars per share back around 2011. Tough times.
This post was edited on 2/25/24 at 10:46 pm
Posted by LSUneaux
NOLA
Member since Mar 2014
4487 posts
Posted on 2/26/24 at 12:53 am to
quote:

So this is a music stock that bought the rights to a percentage of each bottle sold of mouthwash?


They are beginning to diversify to other businesses and not just music.

However, here’s their music profile:

quote:

Its licensees include notable companies such as TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and many others. Pro Music Rights holds an estimated market share of 7.4% in the United States, representing over 2,500,000 works that feature notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBaggYo, Larry June, Trae Pound, Sause Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Fall Out Boy, and countless others, as well as Artificial Intelligence (A.I.) Created Music.
Posted by LSUneaux
NOLA
Member since Mar 2014
4487 posts
Posted on 2/26/24 at 12:58 am to
quote:

Edit: saw it was over $1400 dollars per share back around 2011. Tough times.


Ignore those dates. The current company went public and took over the ticker in 2022 with a reverse merger.
Posted by LSUneaux
NOLA
Member since Mar 2014
4487 posts
Posted on 2/26/24 at 1:00 am to
quote:

What do you anticipate this going to beyond the one cent level? Not talking over the next two weeks but over the next six months?.


I don’t really have any predictions, but the sentiment is the stock is severely undervalued. Some people think $10 million in revenue being announced in the morning is possible.
Posted by slackster
Houston
Member since Mar 2009
84753 posts
Posted on 2/26/24 at 6:47 am to
quote:

They are beginning to diversify to other businesses and not just music.


they had $41k in revenue the last 12 months. Diversification is futile if they don’t do their primary job well.
Posted by tigerfoot
Alexandria
Member since Sep 2006
56213 posts
Posted on 2/26/24 at 8:35 am to
quote:

they had $41k in revenue the last 12 months.
Is the corporate office a tent?
Posted by dstone12
Texan
Member since Jan 2007
30106 posts
Posted on 2/26/24 at 9:02 am to
Up 40% in 30 minutes. Heeeyooooo






My FA will not be able to purchase it due to high risk.

Cannot get fidelity app to do it either

quote:

This order cannot be placed. Orders for stocks trading less than $3 per share
This post was edited on 2/26/24 at 9:19 am
Posted by LSUneaux
NOLA
Member since Mar 2014
4487 posts
Posted on 2/26/24 at 10:47 am to
Posted by LSUneaux
NOLA
Member since Mar 2014
4487 posts
Posted on 2/26/24 at 10:48 am to
Earnings per share: $0.057
Book value per share: $0.062
Revenue: $1 billion
Net profit: $46 million
Outstanding shares: reduced to 802 million
This post was edited on 2/26/24 at 10:51 am
Posted by slackster
Houston
Member since Mar 2009
84753 posts
Posted on 2/26/24 at 11:37 am to
quote:

Earnings per share: $0.057 Book value per share: $0.062 Revenue: $1 billion Net profit: $46 million Outstanding shares: reduced to 802 million


And yet they have $415 in the bank. Not thousands, $415 even.

They’re booking royalties as revenue even though they’ve had effectively 0% actual success in getting those royalties collected.
Posted by StonewallJack
Member since Apr 2008
681 posts
Posted on 2/26/24 at 2:09 pm to
It starts again! Load up the boat - we are gambling on the song
Posted by igoringa
South Mississippi
Member since Jun 2007
11875 posts
Posted on 2/26/24 at 3:01 pm to
This is the funniest facking thing I have seen in a long time.

Revenue $1 billion.
Bad Debt $1 billion.

That is about the most ridculous thing I have seen in an SEC filing.

This one will be short lived. Mr auditor will be short lived
Posted by deltaland
Member since Mar 2011
90543 posts
Posted on 2/26/24 at 6:30 pm to
Posted by slackster
Houston
Member since Mar 2009
84753 posts
Posted on 2/26/24 at 9:04 pm to




Well that’s something
Posted by igoringa
South Mississippi
Member since Jun 2007
11875 posts
Posted on 2/26/24 at 11:05 pm to
I do t know why I keep getting sucked into proving out these scams on the board (lvvv, humbl, zom) etc…. But y’all should read up on the lawsuits this dude had with Spotify. Pretty comical.

Financials are embarrassingly bad audited by a non PCAOB auditor issuing a non-PCAOB opinion referring to themselves as a crowdfund auditor (whatever the hell that is) yet their signature in the opinionsome middle eastern name. Cant make this shot up.

Oh the CEO comp for this company with no assets is a mere $12 million (convertible note) along with some super preferred - this reverse or buyback does nothing but give him a stranglehold. About as scammy as it can get and what I was worried Reg A’s would be used for
Posted by slackster
Houston
Member since Mar 2009
84753 posts
Posted on 2/26/24 at 11:51 pm to
The audacity to promote it as a $1B revenue company is really something.
Posted by Stamps74
Member since Nov 2017
609 posts
Posted on 2/27/24 at 4:58 am to
So is this a scam, bad business, or just praying they can turn the company around ?
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