SONG - Music Licensing Inc. (OTC:SONG) Alleges Corruption at Jamaica Stock Exchange | Benzinga

Naples Florida, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC:SONG) is taking a stand against corruption within the Jamaica Stock Exchange, shedding light on alleged misconduct by certain parties. Contrary to baseless accusations, Music Licensing, Inc. has neither initiated legal threats nor engaged in defamatory campaigns. Instead, the company aims to rectify the narrative surrounding recent defamatory statements released by the Jamaica Stock Exchange and other implicated parties.

On January 29, at 4:53 PM EST, Music Licensing, Inc. (OTC:SONG) issued a preservation notice, adhering to its commitment to transparency and legal obligations. As a publicly traded entity in the United States, the company promptly filed a Form 1-U with the United States Securities and Exchange Commission on January 30, 2024, disclosing its intent to pursue legal action against specific parties, including "Shaunna-Kay Carter, Novia Cotterell, Earl Chapman, Maurice Wright, Ian McNaughton, Marlene Street, Cumax Wealth Management, Jamaica Stock Exchange Limited."

The core issue revolves around alleged misconduct, ranging from attempted extortion for bribes to misappropriation of funds, fraudulent representations, wire fraud, and mail fraud. Music Licensing, Inc. (OTC:SONG) remains steadfast in its commitment to ethical and lawful practices.

The impediment to the company's expansion into Jamaica's music publishing and intellectual property sector stems from the actions of the aforementioned parties. The attempt to extort bribes has hindered Music Licensing, Inc. from listing on the Jamaica Stock Exchange, as the company adamantly refuses to partake in immoral ...

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