Music Licensing, Inc. Addresses Shareholder Inquiries Regarding Stock Consolidation and Strategic Acquisitions
As of April 2, 2024, there are 3,001,750,199 shares of Common Stock outstanding, along with one share of Preferred J stock outstanding.
- As of April 2, 2024, there are 3,001,750,199 shares of Common Stock outstanding, along with one share of Preferred J stock outstanding.
- Following the anticipated stock consolidation to be processed by FINRA, the outstanding shares are expected to be reduced to approximately 6,004.
- While the company had to exercise caution to ensure sufficient cash reserves until the completion of the stock consolidation by FINRA, it remains confident in its ability to pursue strategic acquisitions thereafter.
- "The forthcoming stock consolidation positions us well to capitalize on strategic acquisitions, further enhancing our position as a diversified holding company."