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$MSTO 7944 Gulf Blvd Navarre Florida 32566 goes up for sale asking $3.7M
This Monster to be built Vacation rental Property on Navarre Beach will boast 8 Bedrooms 8 1/2 Bathrooms and will sleep 32 guests .Projected income $310k .The Property is 4,600 square feet heated and cooled. With it own private pool. Wonderfully Located on a Large Corner lot , and just a minutes walk to white sandy beach that Navarre is renowned for. Wonderfully tagged as the most relaxing place in florida , Sun seekers, families, outdoor adventurers, nature lovers ,water sports enthusiasts and fishermen are all drawn to this idyllic part of florida. With its sugar white beaches and its sublime national seashores this will be the perfect property to enjoy Navarre Beach. Photos where taken from a like for like property that has just been built . Construction to start in August 2022.
0.001 0.00 (0.00%) Volume: 1,158,160
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0009 - 0.001
Bid: 0.0009
Ask: 0.0011
Last Trade Time: 3:55:18 PM EDT
Total Trades: 12
0.001 0.00 (0.00%) Volume: 1,191,766
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0009 - 0.001
Bid: 0.0009
Ask: 0.0011
Last Trade Time: 3:58:50 PM EDT
Total Trades: 18
0.001 0.0001 (11.11%) Volume: 4,282,529
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0009 - 0.001
Bid: 0.0009
Ask: 0.001
Last Trade Time: 3:53:07 PM EDT
Total Trades: 10
0.0009 0.00 (0.00%) Volume: 38,500
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0009 - 0.00095
Bid: 0.0009
Ask: 0.001
Last Trade Time: 3:47:13 PM EDT
Total Trades: 3
0.0009 0.00 (0.00%) Volume: 7,801,871
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0008 - 0.0009
Bid: 0.0008
Ask: 0.001
Last Trade Time: 3:41:08 PM EDT
Total Trades: 18
0.0009 0.00 (0.00%) Volume: 3,524,000
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0008 - 0.0009
Bid: 0.0008
Ask: 0.001
Last Trade Time: 3:57:38 PM EDT
Total Trades: 7
0.0009 0.00 (0.00%) Volume: 3,633,022
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0008 - 0.0009
Bid: 0.0008
Ask: 0.001
Last Trade Time: 3:49:14 PM EDT
Total Trades: 12
0.0009 0.00 (0.00%) Volume: 9,420,297
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0009 - 0.001
Bid: 0.0008
Ask: 0.0009
Last Trade Time: 2:17:54 PM EDT
Total Trades: 25
0.0009 0.00 (0.00%) Volume: 2,535,615
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0009 - 0.001
Bid: 0.0009
Ask: 0.001
Last Trade Time: 1:23:27 PM EDT
Total Trades: 11
0.0009 0.00 (0.00%) Volume: 7,953,180
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0009 - 0.0009
Bid: 0.0008
Ask: 0.001
Last Trade Time: 3:48:24 PM EDT
Total Trades: 16
Sales and Assessment History 36 Baird Rd Santa Rosa Beach
Property Details
This property is classified as Residential (Vacant Residential).
The lot is 6750 square feet, the land value of which is assessed at $151,329.00.
There are None buildings on the property. This property has None residential units.
This property is valued at $151,329.00.
The legal description of this lot is: "LOT 36 BLK A BEACH HIGHLAND".
Sales and Assessment History
Date Details
7 / 2021 $450,000.00
Vacant Residential
Book 3206, Page 3812
Ownership Information
TANNARIELLO JOSH
5178 STEFAN RIDGE WAY
BUFORD, GA 30519
ref: https://floridaparcels.com/property/76/04-3S-20-34020-00A-0360
Sales and Assessment History 35 Baird Rd Santa Rosa Beach
Property Details
This property is classified as Residential (Vacant Residential).
The lot is 3876 square feet, the land value of which is assessed at $100,886.00.
There are None buildings on the property. This property has None residential units.
This property is valued at $100,886.00.
The legal description of this lot is: "LOT 35 BLK A BEACH HIGHLAND".
Sales and Assessment History
Date Details
7 / 2021 $450,000.00
Vacant Residential
Book 3206, Page 3815
2021 Assessment
TANNARIELLO JOSH
5178 STEFAN RIDGE WAY
BUFORD, GA 30519
changed from
ELDRED FAMILY TRUST
4940 CABRILLO PT
DISCOVERY BAY, CA 94505
3 / 2020 $100.00
Vacant Residential
Book 3142, Page 600
2020 Assessment
ELDRED FAMILY TRUST
4940 CABRILLO PT
DISCOVERY BAY, CA 94505
changed from
ELDRED DONALD BOYD
P O BOX 718
FREEPORT, FL 32439
2019 Assessment
ELDRED DONALD BOYD
P O BOX 718
FREEPORT, FL 32439
changed from
ELDRED DONALD BOYD &
ELDRED NANCY HAHN
FREEPORT, FL 32439
ref: https://floridaparcels.com/property/76/04-3S-20-34020-00A-0350
0.0009 0.00 (0.00%) Volume: 2,182,400
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0009 - 0.001
Bid: 0.0009
Ask: 0.001
Last Trade Time: 12:58:23 PM EDT
Total Trades: 9
Mar 24 Tweet 5th Parcel
We have not been able at this point to locate the other property as stated in the Mar 24th tweet.
Select All
View Parcel Report for, 04-3S-20-34020-00A-0350 04-3S-20-34020-00A-0350 Search this name SBQ HOLDINGS LLC BAIRD RD N Y LOT 35 BLK A BEACH HIGHLAND 8/12/2021 Map
View Parcel Report for, 04-3S-20-34020-00A-0360 04-3S-20-34020-00A-0360 Search this name SBQ HOLDINGS LLC BAIRD RD N Y LOT 36 BLK A BEACH HIGHLAND 8/12/2021 Map
BQ Holding LLC
@LlcSbq
·
Mar 24
$MSTO #SBQHoldingsLLC
MasterBeat Corporation's SBQ Holdings Acquires 5th Parcel of Land in Santa Rosa Beach Florida Inline with Its $40 Million Revenue Strategy
Verified - $MSTO Lot 36 Baird Rd Santa Rosa Beach shows SBQ ownership
Permit Issued: 20220028208 0060 6/16/2022 $0
Parcel ID 04-3S-20-34020-00A-0360
Location Address BAIRD RD
SANTA ROSA BEACH
Brief Tax Description LOT 36 BLK A BEACH HIGHLAND S/D 1ST ADD PB 3-50 OR 46-146 OR 3142-600 OR 3206-3812 OR 3214-2251
(Note: Not to be used on legal documents.)
Property Use Code VACANT (0000)
Sec/Twp/Rng 4-3S-20
Tax District SW FIRE (7)
Millage Rate 9.6797
Acreage 0.154
Homestead N
Owner Information
Primary Owner
SBQ HOLDINGS LLC
5178 STEFAN RIDGE WAY
BUFORD, GA 30519
Sales
Y 8/12/2021 $100 WD 3214/2251opens in a new tab Unqualified Vacant TANNARIELLO JOSH SBQ HOLDINGS LLC
N 7/2/2021 $450,000 WD 3206/3812opens in a new tab Qualified Vacant ELDRED FAMILY TRUST TANNARIELLO JOSHSales
Verified - $MSTO Lot 35 Baird Rd Santa Rosa Beach shows SBQ ownership
Permit Issued: 20210060035 0060 SFD 12/6/2021 $0
View Parcel Report for, 04-3S-20-34020-00A-0350 04-3-20-34020-00A-0350 Search this name SBQ HOLDINGS LLC BAIRD RD N Y LOT 35 BLK A BEACH HIGHLAND 8/12/2021
Parcel Summary
Parcel ID 04-3S-20-34020-00A-0350
Location Address BAIRD RD
SANTA ROSA BEACH
Brief Tax Description LOT 35 BLK A BEACH HIGHLAND S/D 1ST ADD PB 3-50 OR 46-146 OR 3142-600 OR 3206-3815 OR 3214-2251
(Note: Not to be used on legal documents.)
Property Use Code VACANT (0000)
Sec/Twp/Rng 4-3S-20
Tax District SW FIRE (7)
Millage Rate 9.6797
Acreage 0.089
Homestead N
View Map
Owner Information
Primary Owner
SBQ HOLDINGS LLC
5178 STEFAN RIDGE WAY
BUFORD, GA 30519
Sales
Y 8/12/2021 $100 WD 3214/2251opens in a new tab Unqualified Vacant TANNARIELLO JOSH SBQ HOLDINGS LLC
N 7/2/2021 $450,000 WD 3206/3815opens in a new tab Qualified Vacant ELDRED FAMILY TRUST TANNARIELLO JOSH
Y 3/6/2020 $100 WD 3142/0600opens in a new tab Unqualified Vacant ELDRED DONALD B (W) ELDRED FAMILY TRUST (DONALD TRTE)
N 11/30/1989 $18,000 WD 0635/0317opens in a new tab Qualified Vacant RACKSTRAW JAMES T ELDRED DONALD B
0.0009 -0.0001 (-10.00%) Volume: 5,136,499
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0009 - 0.001
Bid: 0.0009
Ask: 0.001
Last Trade Time: 2:36:14 PM EDT
Total Trades: 23
0.001 0.0001 (11.11%) Volume: 20,345,000
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0009 - 0.0011
Bid: 0.0009
Ask: 0.001
Last Trade Time: 3:59:15 PM EDT
Total Trades: 38
0.0009 0.00 (0.00%) Volume: 58,146,808
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0009 - 0.0013
Bid: 0.0008
Ask: 0.001
Last Trade Time: 3:57:41 PM EDT
Total Trades: 210
$MSTO is pleased to announce it has completed the sale of 183 Rolling Dunes, Santa Rosa Beach, Florida beach property for $4.25 Million ( $4,250,000 ). The land acquisition and construction costs for this property were $1.85 Million ( $1,850,000 ) which realizes a $2.4 Million ( $2,400,000 ) gross profit.
In February of 2021, SBQ announced the acquisition and purchase of a parcel of land (183 Rolling Dunes) in a high-end area located in the sunny beach town of Santa Rosa Beach, Florida . The Rolling Dunes lot was purchased for $400,000 , with an estimated construction cost of $1,450,000 , for an "all in" cost of $1,850,000 . At the time, comparable properties in the immediate area were selling for between $2.5 Million and $3.2 Million and generating an annual rental revenue of approximately $300,000 per year.
In July, 2021, SBQ announced that SBQ had broken ground and was going to be starting construction on the 183 Rolling Dunes asset. In August, 2021, they announced the lot was cleared and construction had started. In October of 2021, the 183 Rolling Dunes property was listed on the Multiple Listing Service (MLS) with an asking price of $4.25 Million .
In December 2021 , SBQ received an all-cash offer and agreed to sell the property for the asking price of $4.25 Million . The funds are in escrow until the completion of the build which is still expected to be completed in April 2022 . The 183 Rolling Dunes property will realize a gross profit of $2.4 Million ( $2,400,000 ) and, after the Realtor Commission of 4 % ( $170k ), a net profit of $2.23 Million ( $2,230,000 ).
SBQ's 183 Rolling Dunes, Santa Rosa property is the first of multiple custom 5,000 sq. ft. vacation style homes that SBQ will be constructing in the Florida Panhandle . SBQ recently announced the acquisition of three additional properties in the area that will be constructed throughout 2022. SBQ will be implementing an aggressive land acquisition strategy throughout the year.
SBQ's vacation style homes are custom 5,000 sq. ft. vacation style homes that feature 8 to 9 bedrooms, 8 to 9 bathrooms, 3 to 4 stories with ocean views, rooftop decks, short walks to the beach, elevators, 16-person hot tubs, fire pits, professional putting greens and can sleep up to 32 people per home.
Rented Inc. , recently listed the Florida Panhandle as the best location for investors to purchase vacation rental homes. Florida's northwest Gulf Coast ranked #1 on the new "100 Best Places to Buy Vacation Rentals." The report was compiled by Rented Research and Weiss Analytics ranking destinations by the cost of ownership, short-term revenue potential, acquisition cost, annual appreciation, and projected changes in asset value. The new 2020 report determined that Florida's Panhandle offers the best returns on vacation home investments over "Every Other Market" in the United States and has an index score of 98.7 out of 100. The Florida Panhandle has emerged as the clear winner as the top vacation-home investment area in the United States . See more at www.inman.com/2020/07/20/florida-is-the-no-1-state-to-purchase-a-vacation-rental/
0.0009 0.0001 (12.50%) Volume: 1,709,840
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0009 - 0.0009
Bid: 0.0009
Ask: 0.001
Last Trade Time: 3:48:21 PM EDT
Total Trades: 15
$MSTO 183 Rolling Dunes Dr Closed Escrow
Sold For: $4,250,000
Taxes: $1,289 (2020)
Status: Closed
Type: Single Family
MLS ID: 883679
bathrooms
Total Bathrooms: 9
Full Bathrooms: 8
Half Bathrooms: 1
bedrooms
Total Bedrooms: 8
other rooms
Porch: Covered Porch
Architectural Style: Beach House
Construction: Frame, Roof Metal, Siding CmntFbrHrdBrd, Slab
Stories/Levels: 3
Square Feet: 4,576
Sq. Ft. Source: Building Plan
Year Built: 2022
Lot Size (Acres): 0.52
Lot Dimensions: 110 x 209
Street/Road Desc.: County Road
Lot Features: Level, Within 1/2 Mile to Water
Zoning: Resid Single Family
Area: 17 - 30A West
County: Walton
Subdivision: Rolling Dunes Ph 3
Driving Directions: From HWY 98, head south on S Co Hwy 83. Turn right on Rolling Dunes Drive. Property will be on your left towards the end of the street.
Rooms/Areas: Bedroom, Bunk Room, Covered Porch
Interior Features: Elevator, Floor Tile, Floor Vinyl, Kitchen Island, Wet Bar, Woodwork Painted
Appliances: Dishwasher, Disposal, Dryer, Freezer, Ice Machine, Microwave, Range Hood, Refrigerator, Smoke Detector, Stove/Oven Gas, Washer
https://www.compass.com/listing/183-rolling-dunes-drive-santa-rosa-beach-fl-32459/891397911371993225/
0.0008 -0.0001 (-11.11%) Volume: 1,926,000
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0008 - 0.0009
Bid: 0.0008
Ask: 0.001
Last Trade Time: 3:44:49 PM EDT
Total Trades: 13
General contractor on the Rolling Dunes build is noted.
We do not see any filed complaints with the contractor.
See here: https://www.myfloridalicense.com/viewcomplaint.asp?SID=&licid=3939692
Contractor web site information is here:
https://www.shilohconstruction.com/about-us/
LICENSEE DETAILS 5:09:51 PM 7/7/2022
Licensee Information
Name: MALLIN, SHAWN GLENN (Primary Name)
SHILOH CONSTRUCTION LLC (DBA Name)
Main Address: 295 AZALEA DR
SUITE 2
DESTIN Florida 32541
County: OKALOOSA
License Information
License Type: Certified General Contractor
Rank: Cert General
License Number: CGC1517288
Status: Current,Active
Licensure Date: 05/19/2009
Expires: 08/31/2022
Special Qualifications Qualification Effective
Construction Business 05/19/2009
0.0009 0.0001 (12.50%) Volume: 8,058,653
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0008 - 0.001
Bid: 0.0009
Ask: 0.001
Last Trade Time: 3:57:19 PM EDT
Total Trades: 54
$MSTO 183 Rolling Dunes build permit was signed off yesterday 07/06/2022 Certificate of Occupancy issued. That would mean closing today and recording tomorrow unless there is some hitch. Then PR would be out early next week.
Permit #: BPR21-002432
Project #: 21-005895
Status: Issued
Balance Due: $0.00
Address: 183 ROLLING DUNES DR
Description: Lot 22 Rolling Dunes W210275
07/06/22 Online Document Upload LOT 22 ROLLING DUNES-W210275 SW Cert.pdf LOT 22 ROLLING DUNES-W210275 SW Cert
10/05/21 Document BPR21-002432.pdf Approved plans
10/01/21 Site Plan LOT 22, ROLLING DUNES PP.pdf
10/01/21 Survey LOT 22, ROLLING DUNES SP.pdf
10/01/21 Deed Lot 22 Rolling Dunes DEED.pdf
10/01/21 Application / Compliance Affidavit Lot 22 Rolling Dunes W210275 WALTON COUNTY APP & COMP AFF.pdf
0.0008 -0.0001 (-11.11%) Volume: 6,738,087
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0008 - 0.0009
Bid: 0.0008
Ask: 0.0009
Last Trade Time: 3:46:36 PM EDT
Total Trades: 7
0.0009 0.00 (0.00%) Volume: 1,852,949
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0008 - 0.0009
Bid: 0.0008
Ask: 0.001
Last Trade Time: 3:48:55 PM EDT
Total Trades: 11
$SEGI 0.0056 -0.0009 (-13.85%) Volume: 1,294,415
Sycamore Entertainment Group Inc (PK)
Day Range: 0.0056 - 0.0065
Bid: 0.0056
Ask: 0.006
Last Trade Time: 3:43:10 PM EDT
Total Trades: 34
23.04 1.34 (6.18%) Volume: 2,337,825
SIX
Six Flags Entertainment Corporation
Day Range: 21.525 - 23.105
Last Trade Time: 6:49:43 PM EDT
Total Trades: 21,541
0.0009 0.00 (0.00%) Volume: 11,270,231
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0008 - 0.0009
Bid: 0.0006
Ask: 0.0012
Last Trade Time: 3:56:21 PM EDT
Total Trades: 17
0.0009 0.00 (0.00%) Volume: 2,186,734
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0008 - 0.0009
Bid: 0.0008
Ask: 0.0009
Last Trade Time: 2:29:56 PM EDT
Total Trades: 23
$SIX Festival Occurs at Six Flags Parks July 2-4
ARLINGTON, Texas --(BUSINESS WIRE)-- Six Flags Entertainment Corporation , the world’s largest regional theme park company and North America’s largest operator of water parks, in partnership with Coca-Cola, is excited to invite guests to this summer’s biggest party: the Coca-Cola July 4 th Fest.
“Traditions and memories are created during visits to Six Flags, and this season will be no different with this guest favorite event,” said Vice President of Marketing, Diana Martin . “Consider this your invitation to visit the park, enjoy a Coca-Cola, take in thrilling rides and celebrate the holiday weekend with family and friends.”
Eleven Six Flags parks across the U.S. will celebrate Independence Day with special Coca-Cola July 4 th Fest pricing and spectacular fireworks lighting up the sky each night. Guests can also look forward to:
Saving up to $20 off passes and discount single-day tickets when guests visit www.sixflags.com/coke;
Capturing the moment at the Coca-Cola “Sounds of Summer” zone, powered by Coke Studio , featuring a live DJ and interactive photo booth; and
Enjoying the refreshingly new Patriotic Punch beverage, available for a limited time.
The Patriotic Punch, a blend of Sprite, blue raspberry syrup, and shimmering glitter, will be served in a special edition cup with a rock candy stirrer. It will be available exclusively at Six Flags for a limited time during Coca-Cola July 4 th Fest. It’s the perfect patriotic refreshment for a day of thrills and fun while celebrating Independence Day at Six Flags.
About Six Flags Entertainment Corporation
Six Flags Entertainment Corporation is the world’s largest regional theme park company and the largest operator of water parks in North America , with 27 parks across the United States , Mexico and Canada . For 60 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling water parks and unique attractions. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. For more information, visit www.sixflags.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220627005060/en/
Stephen Purtell Senior Vice President Corporate Communications, Investor Relations and Treasurer +1-972-595-5180 investors@sftp.com
Source: Six Flags Entertainment Corporation
$SEGI announces it has selected the corporate communications expertise of IBN,
LOS ANGELES , June 30, 2022 (GLOBE NEWSWIRE) -- via InvestorWire – Sycamore Entertainment Group Inc. (OTC: SEGI), a diversified entertainment company, today announces it has selected the corporate communications expertise of IBN, a multifaceted financial news and publishing company for private and public entities.
Through wholly owned subsidiary SEGI.TV, Sycamore offers a streaming experience built on the pillars of equality, sustainability and community. SEGI.TV taps into the changing cultural environment, offering movies and television programming for a diverse audience – all without a subscription fee.
Launched in late 2020, SEGI.TV is scheduled to reach 100 million U.S. household televisions and 200 million mobile devices through Roku, Amazon Fire TV, Apple TV, Samsung Smart TV and others. The OTT streaming network operates via an ad-supported video on demand (AVOD) model, allowing Sycamore to control revenue growth by negotiating rates with advertisers as its userbase continues to expand.
As part of the Client Partner relationship, IBN will leverage its investor based distribution network of 5,000+ key syndication outlets, various newsletters, social media channels, wire services via InvestorWire, blogs and other outreach tools to generate greater awareness for Sycamore Entertainment Group .
With 15+ years of experience assisting 500+ client partners improve communications within the investment community, and a sizable family of 50+ trusted brands, IBN has amassed a collective audience that includes millions of social media followers. IBN is uniquely positioned to provide Sycamore the solutions needed to reach a wide audience of investors, consumers, journalists and the general public.
“The gradual move away from traditional cable and satellite TV subscriptions in the U.S. and around the world has created an opportunity for streaming companies to capitalize. As Sycamore continues to expand SEGI.TV with new, unique and eventually premium content, it is primed to benefit from this industry trend,” states Chris Johnson , Director of Client Solutions for IBN. “We’re excited to customize our comprehensive suite of corporate communications solutions for Sycamore as it continues to leverage a proven AVOD model to grow its market share in the streaming space.”
To learn more about Sycamore Entertainment Group , please visit the company’s corporate newsroom @ www.IBN.fm/SEGI
About Sycamore Entertainment Group Inc.
Sycamore Entertainment Group Inc. is a diversified entertainment company specializing in the acquisition, marketing and worldwide distribution of quality finished feature-length motion pictures. Sycamore’s management team utilizes its long-standing relationships to provide market specific publicity, promotion, media buying, theatrical placement and print & advertising financing for domestic theatrical release. For more information, visit the company’s website at www.SycamoreEntertainment.com
About IBN
IBN consists of financial brands introduced to the investment public over the course of 15+ years. With IBN, we have amassed a collective audience of millions of social media followers. These distinctive investor brands aim to fulfill the unique needs of a growing base of client-partners. IBN will continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.
Through NetworkNewsWire (“NNW”) and its Investor Brand Platform, IBN provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) Press Release Enhancement to ensure maximum impact; (4) full-scale distribution to a growing social media audience; (5) a full array of corporate communications solutions; and (6) total news coverage solutions.
For more information, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Corporate Communications
IBN (InvestorBrandNetwork) Los Angeles, California www.InvestorBrandNetwork.com 310.299.1717 Office Editor@InvestorBrandNetwork.com
0.0009 0.00 (0.00%) Volume: 17,733,014
MSTO Masterbeat Corporation (PK)
Day Range: 0.0008 - 0.001
Bid: 0.0008
Ask: 0.0009
Last Trade Time: 3:58:44 PM EDT
Total Trades: 54
0.0009 0.00 (0.00%) Volume: 9,180,000
MSTO
Masterbeat Corporation (CE)
Day Range: 0.0009 - 0.001
Bid: 0.0009
Ask: 0.001
Last Trade Time: 3:24:55 PM EDT
Total Trades: 34
0.0009 0.0001 (12.50%) Volume: 25,856,514
MSTO
Masterbeat Corporation (PK)
Day Range: 0.0007 - 0.0011
Last Trade Time: 3:32:17 PM EDT
Total Trades: 88
Oh my ppl please be sure to take some time and search out a clear understanding of the $MSTO current filing figures with respect to the "total" convertible debt.
The paragraph above the figures gives a basis for the values shown and states:
Basic EPS is calculated by dividing net income (loss) available to common stockholders by the weighted average number of shares of the Company’s common stock outstanding during the period. Diluted EPS is calculated based on the net income (loss) available to common stockholders and the weighted average number of shares of common stock outstanding during the period, adjusted for the effects of all potential dilutive common stock issuances related to options, warrants, restricted stock units and convertible preferred stock. The dilutive effect of our share-based awards and warrants is computed using the treasury stock method, which assumes all share-based awards and warrants are exercised and the hypothetical proceeds from exercise are used to purchase common stock at the average market price during the period. The incremental shares (i.e., the difference between shares assumed to be issued versus purchased), to the extent they would have been dilutive, are included in the denominator of the diluted EPS calculation. The dilutive effect of our convertible preferred stock is computed using the if-converted method, which assumes conversion at the beginning of the year. However, when a net loss exists, no potential common stock equivalents are included in the computation of the diluted per-share amount because the computation would result in an anti- dilutive per-share amount.
Potentially dilutive securities excluded from the computation of basic and diluted net loss per share for the twelve months ended December 31, 2021 and December 31, 2020 were as follows:
December 31, 2021 $37,732,935
December 31, 2020 $27,567,568
We have explained this entry several times before on this forum please take some time to get caught up to speed on it. Try to focus on the P/L and balance sheet. It gives you a hint of where the money is coming and going. What is missing as we should see it on an upcoming Q report is the dilution of shares and distribution of funds from assets which should be more clearly stated.
For example as a matter of importance - did you see these figures?
Investing Cash Flows:
Change in Investments (45,500)
Change in Loan Fees (14,960)
Purchase of Real Estate (551,149)
Total Investing Cash Flows: (611,609)
Happy Trading.
Quickly read thru the $MSTO current filing and nothing really jumps out as wacko. Some of the numbers don't jive but at this point it's not critical as we wait out the RD build. Also it is good to see the stockholders asking CEO Josh on Twitter to get these important tasks done. Thanks.
Here's a brief summary of the highlights...
NOTE 1 NATURE OF BUSINESS ORGANIZATION
Masterbeat Corporation (“Masterbeat or the “Company”) was incorporated in the state of Delaware on May 17, 2007 as Green Mountain Recovery, Inc. On December 18, 2009, Masterbeat entered into a Share Exchange Agreement with Masterbeat, LLC, formerly a California Limited Liability company, to become Masterbeat Corporation.
On March 6, 2014, the company filed a 15-15D to terminate the Company’s reporting responsibilities with the Securities Exchange Commission. During this time, the majority of the Company’s assets, including subsidiaries, were liquidated and the majority of outstanding liabilities were settled. Starting in March 2014, the Company operated as a business-consulting firm until June 2019. After several changes in management (2014 – 2019), the Company appointed Josh Tannariello as its CEO and sole executive officer, in June 2019.
The Company specializes in hard, tangible asset acquisitions with an intense focus on real estate, precious metals and other tangible assets. The Company started SBQ Holdings, LLC, a Florida limited liability company, to handle its assets operations. The Company believes its progressive approach to an old school model, especially in this market based on fragile earnings multiples and uncertainty, to acquire hard, tangible assets will not only offer long term capital appreciation but also deliver revenues, profits and self-sustainability.
NOTE 2 SIGNIFICANT ACCOUNTING POLICIES
GOING CONCERN
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. The Company currently has $3,943 of cash on hand, a stockholders’ deficit of $222,516 with an accumulated Deficit of $2,139,358 and current period revenues of $68,158 from property management operations. The Company cannot be certain that it will be successful in its various growth strategies.
These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
CONSOLIDATIONS
Masterbeat Corporation owns 70% of its subsidiary SBQ, LLC. The remaining 30% is owned by its current Chief Executive Officer.
NOTE 4 REAL ESTATE
On September 28, 2020, the Company purchased a real estate property at 246 Driftwood Road, Miramar Beach, FL 32550 from its Chief Executive Officer. The Company agreed to a promissory note of $220,000 which was loaned by its Chief Executive Officer for the down payments of the property and assumed a 30 mortgage in the amount of $880,000 with a 7 year ARM at 5.125%. On May 3, 2021, the Company sold the property at 246 Driftwood Road, Miramar Beach, FL 32550 for $1,400,000.
On July 20, 2021, the Company purchased a real estate property at Baird Road, Santa Rosa Beach, FL 32459 for $965,765.50. The Company assumed a 12 month interest only mortgage in the amount of $374,000.
NOTE 5 CONVERTIBLE NOTE PAYABLE AND DERIVATIVE LIABILITIES
On September 18, 2015, the Company and Braeden Storm Enterprises, Inc. (“Braeden”) entered into an unsecured convertible notes payable for $210,000 with a conversion price of $0.0001. On May 29, 2019, the Company and Braeden amended the convertible note to include interest accruing at 10% commencing September 18, 2015 and a conversion price of the lower of $0.001 or 50% of the lowest per share market value of the ten (10) trading days immediately preceding the conversion date.
On June 15, 2020, July 7, 2020, July 8, 2020, December 17, 2020 and March 18, 2021 the Company and Braeden entered into unsecured convertible notes payable for $6,000, $15,000, $15,000, $15,000 and $7,500, respectively with a conversion price of the lowest bid of the prior 3 trading days.
The total principal due on September 30, 2021 was $58,500 with an unamortized discount of $0 resulting in a balance of $58,500 at September 30, 2021. The Company had conversions of $0 in principal and $72,336 in accrued interest during the twelve months ended December 31, 2021. Total principal due at December 31, 2020 is $51,000 with an unamortized discount of $0 with a resulting balance of $51,000.
NOTE 7 RELATED PARTIES
As of December 31, 2021, the current Chief Executive Officer owes the company $0.00 ($371,554 – December 31, 2020) for advances made from the Company.
NOTE 8 EQUITY
At the end of the period represented by this disclosure document, the Company is authorized to issue 25,000,000 shares of $0.001 par value Preferred Stock, of which, 20,000,000 shares of $0.0001 par value convertible Preferred Series A stock are designated and issued. Each share of convertible Preferred Series A Stock is convertible into 10 shares of common stock, has 100 votes, has no dividend rights except as may be declared by the Board of Directors, and has a liquidation preference of $1.00 per share.
The company was authorized to issue 850,000,000 shares of $0.0001 par value common stock.
During the twelve months ended December 31, 2019, the company has issued 25,900,000 new shares for the conversion of $25,900 in principal and interest on convertible debt bringing the total outstanding shares to 70,793,815.
During the twelve months ended December 31, 2020, the company has issued 299,500,000 new shares for the conversion of $261,650 in principal and interest on the convertible debt bringing the total outstanding shares to 370,293,815.
During the twelve months ended December 31, 2021, the company has issued 353,067,200 new shares for the conversion of $35,306 in principal and interest on the convertible debt bringing the total outstanding shares to 723,361,015.