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Our Chief Executive Officer, through his ownership of the Company’s Series A Preferred Stock, can effectively control the Company $MSTO
Josh Tannariello, the Company’s Chief Executive Officer and member of the Company’s Board of Directors, is the owner of all of the outstanding shares of the Company’s Series A Preferred Stock. Currently, Series A Preferred shareholders have voting rights equal to sixty three percent (63%) of all votes entitled to be voted at any annual or special meeting of the shareholders of the Corporation or action by written consent of shareholders. Thus, Mr. Tannariello possesses significant influence and can elect a majority of our Board of Directors and authorize or prevent proposed significant corporate transactions.
Mr. Tannariello’s ownership and control of Series A Preferred Stock may also have the effect of delaying or preventing a future change in control, impeding a merger, consolidation, takeover or other business combination or discourage a potential acquirer from making a tender offer. If you acquire our Shares, you may have no effective voice in the management of our Company. Such concentrated control of our Company may adversely affect the price of our Shares. Such concentrated control may also make it difficult for our shareholders to receive a premium for their Shares in the event that we merge with a third party or enter into different transactions, which require shareholder approval. These provisions could also limit the price that investors might be willing to pay in the future for our Shares.
Our lack of adequate D&O insurance may also make it difficult for us to retain and attract talented and skilled directors and officers.
In the future we may be subject to additional litigation, including potential class action and stockholder derivative actions. Risks associated with legal liability are difficult to assess and quantify, and their existence and magnitude can remain unknown for significant periods of time. To date, we have not obtained directors and officers liability (“D&O”) insurance. Without adequate D&O insurance, the amounts we would pay to indemnify our officers and directors should they be subject to legal action based on their service to the Company could have a material adverse effect on our financial condition, results of operations and liquidity. Furthermore, our lack of adequate D&O insurance may make it difficult for us to retain and attract talented and skilled directors and officers, which could adversely affect our business. $MSTO
Our management has a limited experience operating a company and is subject to the risks commonly encountered by early-stage companies.
Although management of Masterbeat Corp. $MSTO has experience in operating small companies, current management has not had to manage expansion of a company. Many investors may treat us as an early-stage company. In addition, management has not overseen a company with large growth. Because we have a limited operating history, our operating prospects should be considered in light of the risks and uncertainties frequently encountered by early-stage companies in rapidly evolving markets. These risks include:
- risks that we may not have sufficient capital to achieve our growth strategy;
- risks that we may not develop our product and service offerings in a manner that enables us to be profitable and meet our customers’ requirements;
- risks that our growth strategy may not be successful; and
- risks that fluctuations in our operating results will be significant relative to our revenues.
Our financials are not independently audited, which could result in errors and/or omissions in our financial statements if proper standards are not applied.
Although the Company is confident with its accountant, Whitley Penn, LP, we are not required to have our financials audited by a certified Public Company Accounting Oversight Board (“PCAOB”). As such, our accountant does not have a third party reviewing the accounting. Our accountant may also not be up to date with all publications and releases put out by the PCAOB regarding accounting standards and treatments. This could mean that our unaudited financials may not properly reflect up to date standards and treatments resulting misstated financials statements. $MSTO
Risks relating to SBQ Holdings LLC $MSTO
The COVID-19 pandemic has resulted in a general decline in real estate transactions and may adversely affect our growth prospects in the near term, and possibly for an extended period, depending upon the duration of the pandemic and its effects on the economy generally and the real estate market more particularly.
The COVID-19 crisis may adversely affect the offering, primarily because equity and debt financing for real estate transactions is constrained. In addition, the crisis has made it more difficult to execute transactions as people work from home and are unable to visit properties, local governmental offices are closed and third parties such as survey, appraisal, insurance, environmental and similar services have more limited capacities. These conditions may adversely affect our ability to launch and maintain our operations while they persist.
We are a newly formed entity with a limited operating history, which makes our future performance difficult to predict. We are a newly formed entity and have limited operating history. You should consider an investment in our interests in light of the risks, uncertainties and difficulties frequently encountered by other newly formed companies with similar objectives. To be successful in this market, our management must, among other things:
- identify and acquire real estate assets consistent with our investment strategies;
- increase awareness of our name within the investment products market;
- attract, integrate, motivate and retain qualified personnel to manage our day-to-day operations; and
- build and expand our operations structure to support our business.
We have minimal operating capital and for the foreseeable future will be dependent upon our ability to finance our operations from the sale of equity or other financing alternatives. The failure to successfully raise operating capital could result in our bankruptcy or other event which would have a material adverse effect on us and our shareholders. There can be no assurance that we will achieve our investment objectives.
There can be no guarantee that our Company will reach its funding target from potential investors.
Due to the start-up nature of our Company, there can be no guarantee that our Company will reach its funding target from potential investors. In the event our Company does not reach a funding target, it may not be able to achieve its investment objectives by acquiring additional properties through the issuance of further interests and monetizing them to generate distributions for investors. In addition, if our Company is unable to raise additional funding, this may impact any investors already holding interests as they will not see the benefits which arise from economies of scale following the acquisition of additional properties.
We may not be able to control our operating costs or our expenses may remain constant or increase, even if our revenues do not increase, causing our results of operations to be adversely affected.
Factors that may adversely affect our ability to control operating costs include the need to pay for insurance and other operating costs, including real estate taxes, which could increase over time, the need periodically to repair, renovate and re-lease our single family home properties, the cost of compliance with governmental regulation, including zoning, environmental and tax laws, the potential for liability under applicable laws, interest rate levels, principal loan amounts and the availability of financing. If our operating costs increase as a result of any of the foregoing factors, our results of operations may be adversely affected.
The expense of owning and operating a property is not necessarily reduced when circumstances such as market factors and competition cause a reduction in income from a property. As a result, if revenues decline, we may not be able to reduce our expenses accordingly. Costs associated with real estate investments, such as real estate taxes, insurance, loan payments and maintenance, generally will not be reduced even if a property is not fully occupied or other circumstances cause our revenues to decrease. If we are unable to decrease operating costs when demand for our properties decreases and our revenues decline, our financial condition, results of operations and our ability to make distributions to our investors may be adversely affected.
Our key employee, Mr. Josh Tannariello, has very limited experience in the auto sales industry.
Our Chief Executive Officer, Mr. Josh Tannariello, has very limited experience in the auto sales industry. For this reason, he may have difficulty in establishing and running JTECAutoWorld.com, including acquiring equipment, controlling expenses, and generating revenues. He may have difficulty in hiring and supervising our employees. While the Company plans on hiring trained staff and consultants who will be able to oversee and maintain Company operations, there is no assurance that Mr. Tannariello will be able to manage them.
Be sure you have read the 1-A and know the risks before investing in $MSTO
$MSTO 0.0021 up 0.0001 (5.00%)
Masterbeat Corporation (MSTO)
0.0021 0.0001 (5.00%)
Volume: 12,792,551 @12/21/21 3:59:33 PM EST
Bid Ask Day's Range
0.0018 0.0021 0.0017 - 0.0021
$MSTO intro update. We try to actively keep this section up-to-date with some semblance of order. The intro section includes information on the company, current filings, news, and additional "non-redundant" alerts. Please be sure to click the "show intro" button on the top portion right side of the page.
The $MSTO 1-A offering link was posted in the intro of this forum and noted below for reference as follows (if you click the link in this response you can read the entire filing):
News Alert: https://www.otcmarkets.com/filing/html?id=15422101&guid=Q9fwkn85PXY6Oth
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 1-A REGULATION A OFFERING STATEMENT UNDER THE SECURITIES ACT OF 1933 Preliminary Offering Circular dated December 15, 2021
An Offering Statement pursuant to Regulation A relating to these securities has been filed with the Securities and Exchange Commission. Information contained in this Preliminary Offering Circular is subject to completion or amendment. These securities may not be sold nor may offers to buy be accepted before the Offering Statement filed with the Commission is qualified. This Preliminary Offering Circular shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful before registration or qualification under the laws of any such state. We may elect to satisfy our obligation to deliver a Final Offering Circular by sending you a notice within two business days after the completion of our sale to you that contains the URL where the Final Offering Circular or the Offering Statement in which such Final Offering Circular was filed may be obtained.
FORM 1-A REGULATION A OFFERING CIRCULAR UNDER THE SECURITIES ACT OF 1933
$10,000,000 UP TO 1,000,000,000 SHARES OF COMMON STOCK
Masterbeat Corp., a Delaware corporation (the “Company,” “Masterbeat,” “we,” “us,” and “our”), is offering up to 1,000,000,000 shares (“Shares”) of its common stock, par value of $0.0001 per share (“Common Stock”) on a “best efforts” basis without any minimum offering amount pursuant to Regulation A promulgated under the Securities Act of 1933, as amended (the “Securities Act”), for Tier 2 offerings (the “Offering”). We expect that the fixed initial public offering price per share of Common Stock will be priced between $0.0005 to $0.01 per share upon qualification of the Offering Statement of which this Offering Circular is a part by the United States Securities and Exchange Commission (“SEC”). See “SECURITIES BEING OFFERED” of this Offering Circular for more information. This is a public offering of up to $10,000,000 in shares of Common Stock of Masterbeat Corp. at a price between $0.0005 and $0.01.
The offering price will be between $0.0005 and $0.01. The end date of the offering will be exactly 365 days from the date the Offering Circular is qualified by the SEC (unless extended by the Company, in its own discretion, for up to another 90 days). Please be advised that due to the ownership of super voting rights by our management team in the form of Preferred Shares, your voting rights as a common shareholder will be substantially limited. These securities are speculative securities. Investment in the Company’s stock involves significant risk. You should purchase these securities only if you can afford a complete loss of your investment. See the “Risk Factors” section on page 5 of this Offering Circular.
$MSTO 0.0022 0.0 (0.00%) Volume: 121,486,364 @12/16/21 3:43:56 PM EST
Masterbeat Corporation (MSTO)
Bid Ask Day's Range
0.002 0.0025 0.0016 - 0.0024
It would do some of the folks out there in $MSTO land good to thoroughly read the 1-A and understand the offering. Keep in mind CEO Josh has been giving RSO Eric shares at .0001 since the day he took office. While we didn't agree with his tactic of removing the restriction and exposing the stockholders to the down side it was not surprising given his past managing performance. So we already know he boosted the A/S to 3B from 850M and RSO Eric had 723M of that thus there was little choice in the A/S increase.
Now the Q arises does a $.01 bid for 1B help the stockholders of course but that is not gonna happen for various reasons. At the outset a simple DD one will see the lopsided stock give away at .0001 for the RSO Eric thus no investor is gonna pay more on that same ride. Ultimately there are more possible shares in the pot and thats not good. Second, while CEO Josh has haphazardly met some of the goals his inexperience in management is limiting effective growth of the company. It would do him well to move to the President as a Board of Director and hire a CEO with auto, RE, website, and company run experience or get a COO who holds things together and freeing up CEO Josh and JTec John to do their thing.
Please take the time and read the 1-A as there are some revealing items previously hidden from the shareholders. We find it interesting the cost of business expenses seems to be predicated on the share offering. That is not a good business model. In addition, his offering structure remains subjective and that will ward off potential investors.
The take away for us is this is another buying opportunity with resistance between 16-18 and as such an easy low end flip for those day traders looking for a 5-7 uptick per million.
We have read the 1-A twice but still need to run thru it several more times to catch his slight of hand movements.
Happy Trading.
$MSTO please trade at your own risk but we just couldn't help ourselves like kids in a candy store.
$MSTO intro was updated to reflect current 1A and share structure.
$MSTO 0.0022 -0.0011 (-33.33%)
Masterbeat Corporation (MSTO)
0.0022 -0.0011 (-33.33%)
Volume: 114,948,045 @12/15/21 3:59:44 PM EST
Bid Ask Day's Range
0.0022 0.0025 0.0021 - 0.0043
$MSTO be guarded on CEO Josh Tweets
We have been around that wagon wheel many times before in attempt to bring on new players (that's a good thing) so RSO Eric can dump his load and split the cash with CEO Josh as you can tell by the rise and fall of the pps current at 32 this moment. We pointed out to CEO Josh again of the importance of accurately tagging the correct company (LlcSBQ, Jtec, CorpJet...) as the upcoming revs lay in the RE not the shop flips. Also please note the tweet said news "after the 1st of the year" which could mean just about anytime down the road. We reminded CEO Josh he has not answered our two questions we posed to him and are curious why that is the case. We do appreciate the "God Bless and Happy Holidays to All!" too.
Happy Trading.
$MSTO CEO Josh thank you for the initial response. Please continue to review the discussions on iHub then (1) Tell us why you removed the share restrictions from RSO Eric? (2) you live 350 miles from the RE build how are you supervising it? The rest we'll leave for another time.
Nicely written on some of the $MSTO history -- agreed with most however yes many of us have run these types of companies before and much bigger / revs. Nonetheless, we bought into a doable BP that covid flopped and he switched gears.
Lack of Transparency is the issue (examples galore)
One important note is the toxic lender... been there done that on one of our ventures -- you gotta root that risk out in the beginning or it evolves into the current situation 723M share free loader that started out as a measly 200K+ ride along. Then he keeps a build on JTec, claims 3 REs fall out at the close of escrow after we call him on the carpet about it, claims he brought on a RE advisor but that never happened, sets up shop in the AirBandB then you go look at the res in the early phase guess that was a nice vac home for the staff, and his home is where? GA so what's he doing flying in to check on the builds. If he is on location, what does it take 30 seconds to shoot a pic and keep the troops happy on spending money on pps tanking and claims he is the one on the hook when in fact with a slight of hand movement he ends up with a 30% dig on SBQ to cover his risk after the auditor told can't run it the way the hammer and nail went, moves the restricted stock to unrestricted which is a killer for us, he has lost the concept in the valve the stockholder brings to the company. He has lost nothing in this mess. With the market cap his so called investors are no where to be found 3B A/S on a trip zero pps not gonna fly in banking been there too. Oh and the 50K goodwill C'mon man that finally got dumped, and stop saying we are in the precious metals you sold that last year for a whopping $600 buck profit. Oh and don't see a 10K? or shareholders meeting approving the A/S increase. We checked the Delaware corp articles but no joy. Someone mentioned a leak out restriction on RSO Eric stocks too. The memory is fading on the Payton Place.
You are spot on when you said: "But then again, Q1 and April are gunna be real. It's either gunna start happening and be scaling, or it gunna crumble and be failing."
Pot committed and scooping cheap shares. IF it catches up - Champaign for everyone.
IMO
Also Prime good read on the appraisals we have not had a change to chase that info down.
its under Prime?? on twit
$MSTO CEO Josh responds to appraisal inquiry ..any thoughts on this.
We are going reach out and ask for some clarification and also remind him his risk is secured by the very property he is building. Furthermore, he avoided addressing the RSO Eric free ride on the unrestricted shares flooding the pps. Transparency ?? Not so sure - We have more but will keep it simple for him.
$MSTO fake walls... don't fret over them they have been popping up frequently throughout the trading days in hopes of shoving traders around. We just set the BS (cause we are long) and then wait it out. Most of the time its a partial fill and that is ok too. In addition you can see the last sale was 6250 @ .0017 most of the time its the MMs jocking for position or a straggler that needed a broom cause that sale is worth $10 buck plus any platform fees.
One other item we threw a BS 500K @.0016 just to watch one of the MMs on the L2 flush out for a fill. You can see from the pic the L2 is not showing the actual BS cause the MM is hiding some shares and our bid is actually 500K not 5,000
Yikes!! $MSTO we are sorry for not providing those on the thread with all the screen shot details. Guess we just thought y'all run over there as we suggested and fact check it for the benefit of all. So we will screen shot the pages from Q2 and Q3 from the page reflecting the latest freebie shares and total offered instead. Hope that helps??
In essence, our emphasis was not on the date of the issuance but rather the change from restricted to unrestricted since ALL of the stock was changed. So the post is not so much to do with 2019 stock although it is relevant in its totality but also since that date and through the last published quarter RSO Eric is free at last to flood the gates. Does that makes sense to you all now and the ramifications from the change?
In addition, the personal comments related to our position we will let them stand as is although our bagged position is in the teens and waiting for daylight. We are also waiting a response from the SEC/ OTC market / TA if a 13D/G is required in pennies unless someone knows here. Further re:L2 perhaps you could consider a test in the ToS and see if your BS/AS at +1M/5M shows in 100s again we verified that with the help desk before posting our initial query on the forum. We trust this is a place for learning, exploration, and recommendations beyond the innuendos.
In the future if anyone wants clarification on a post we provided please feel free to reply and we will do our best. Anyway does this screen make a little more sense now and the reason for our concern. BTW DD is important if you are long. Just sayin...
Thank you for the hopeful reply on $MSTO RSO Eric but please keep in mind he is getting a 3000% discount at 30. We have suggested before we think he was dumping at a burn rate of 25M a month that would be $75K of which we think he and CEO Josh have a split arrangement for cash. Then the circle starts again. Nonetheless, the CEO Josh removing the restriction is not protecting the stockholders because there is no throttle in place. In addition, we trust you have done your DD on Eric and found out he is not interested in protecting the stockholders as well. Happy Trading...
Prior to this slick change in $MSTO stock restriction status CEO Josh had a throttle on the burn rate that is why we calculated the 3 year flush. The RSO Eric has well in excess of 700M and who knows how many he will be given this Q out of the 3 billion more. This whole process is totally contrary to the original business plan and presentation to the investors. Not sure if we stated this before but he could have easily paid off the toxic note and negotiated it down to pennies on the dollar with his initial investment and then turned around and did a stock offering. This whole thing has turned into a big mess. If those 3 cars do not flip a profit and he gets upside down on the RE we are DOA. Somehow we missed or overlooked the status change. Just guess he wouldn't be that bold to dump on the stockholders. Not good but fingers crossed.
We appreciate $MSTO CEO Josh response to our tweets and posts. We have responded as follows as he leaves open more questions than answers.
We wrote:
1. Perhaps it would have been prudent to stop the 3000% discounted giveaway to RSO Eric and saved it for a more meaningful outcome as you have just noted. Without shareholder "trust" this company is DOA. You are not in this alone. Atleast consider the stockholders suggestions.
2. In addition since you knew you were pushing the A/S to 3 Billion would it have not made sense to you in holding the 2 PRs this is basic business 101 ... is there not anyone with business experience who could have helped you figure that out. It's basic stuff.
Guess we could have specifically questioned the items in his tweet and addressed them individually -
Keep in mind $MSTO CEO Josh has secured his financial interest thru SBQ ownership in the properties with zero risk. In addition he has protected his preferred shares 20 Million x 100 (of common conversion) = 2,000,000,000 (2 Billion) with an overwhelming majority of the voting rights while leaving the shareholders bagged.
We suggest there will be five (5) important events that will come to pass within the next 6 months:
1 & 2: Quarterly reports showing the giveaway of 3000% discounted cheap stock to the RSO toxic lender Eric or an affiliate (surprise)
3: Completion of the JTec projects and SOLD.
4. First RE build is completed and SOLD.
5. Second and third RE builds are completed and SOLD.
There are many factors, variables, and nuances ahead. For example will CEO Josh encumber the RE builds so much they are of little profit once sold and/or JTec decide "again" to keep the auto builds and expensed to the company. As far as well can tell, little effort and energy has been given to the online parts sales. In addition, he should have removed the "precious" metal comments as that is old news from the company bio ages ago we are not in that business it was sold off last year.
Finally, if you have not figured it out by now the stockholders got had on the shake and bake PRs recently published. Both CEO Josh and JTec John knew they we increasing the A/S and wanted to catch more buyers on the shorts -- figure it out if you can we are not gonna explain it. Again, once you do the DD on Eric the toxic lender you will end up with a rotten taste in your mouth just how much CEO Josh knew and yet went to bed with him. We still maintain there is an outside chance the current builds could get sold for a profit and provide sustainability for the company -- that may be our only hope Obi-Wan Kenobi
$MSTO increases authorized shares from 850M to 3B and dilutes future stockholder value by 350% while stock company value plunges to .0021 give away stock will be at a 3000% retail discount doesn't matter about OS as cheap giveaway shares are sitting in the piggy bank for toxic RSO. It is unfortunate CEO Josh has treated his shareholders in this fashion. He had plenty of opportunities to correct this path and did not. This is solely our opinion and not trading advice. We are very disappointed ~ and now Josh tell us once again to take our business somewhere else.
Yes ~~ agreed with the well worded responses from all. It would be nice to arrange a meeting perhaps Josh could consider it down the road on a voice conference. But we doubt it. There are many of us who have done the DD and not sure he would want to put himself in for a roasting.
Keep in mind as many know all debt was thru dirt cheap stock generally priced at 3000% below retail. As suggested before just a casual stock burn would take 3 years for Eric to clear thus he may have been more aggressive based on the current pps. With respect to the PRs or OTC chumming he could easily post a couple of progress pics of the build and leave it at that. Many of us would enjoy just checking out the progress.
He needs management help. Someone who can cut him loose to build and John to work the cars. Just because he can lay down some good stone doesn't mean he should handle the logistics of the OTC swamp cooler. Let someone else as we have mentioned on many occasions do it.
Anyway thank you to everyone for dropping the to the moon and diamond hand stuff. It's needed somewhere in this process but it is good to have the core stockholders in the know. They carry most of the financial stock investment and generally know their stuff. Yes it is against the grain for OTC long holds but we have seen these pay off big in due time.
Thank you again to everyone -- as stated we are long on this "investment" and someday when CEO Josh has a shareholders meeting we hope he will be the first one up and say thank you to those of us who voiced our concerns and still applauded his effort and stuck it out.
There is talent within the $MSTO shareholders it would be nice to see CEO Josh tap into it... (just sayin)
$MSTO the view and opinions on the forum are not a desire to make you want to sell but rather to help you bring into focus the potential opportunities when the company is firing on all cylinders.
Josh took over a dead beat company saddled with a toxic lender. He had experience in the hammer and nail business that is to say he ran a small key man operation managed type company. That does not function very well when he takes on a public company with 180 owners (shareholders) and a toxic rat hole lender. As already noted many times he threw himself into a public company without clearly seeking experienced advise and then got knowingly or unknowingly sucked in by a slick hustler who it may seem but not sure didn't due his DD on Eric's background.
Nonetheless, we are at this point in the process and YES it is important and valuable for the stockholders to get vocal about the accountability of the CEO. He has driven this company to the ground by way too much pie in the sky chatter, essentially diluting the value of our shares and as such he needs to stop spreading the company too thin. Finish the current build - sell it -- and get away from the toxic lender waving cash in his face on cheap shares.
Once the first build is done he can step back and assess his business model. It doesn't take a rocket scientist to go back thru his early PRs and see he was way out of line. The kick in the teeth was when he touted the RE construction industry leaders were coming and it still shows on the web site and they were really never in the initial picture.
Regardless, we are well beyond that point and pot committed. Take some time and go back thru some of our posts it will help bring you into a position in which we all can help and ask Josh for transparency and accountability to his stockholders. We have taken it in the shorts, he has borrowed from the company, secured his money by taking 30% of SBQ, Eric has gotten cheap shares, while many promises were unrealistic.
Yes all of this on the backs of the stockholders. Keep in mind while the share structure appears consistent the truth lays in the reading of the Q reports and toxic debt for cheap stock.
Hopefully you can gain some more insight into the lender and figure that part out for yourself. Then, you will see the importance of the viewpoints we have offered.
Happy Trading...
... just for clarity Josh is using accesswire which is picked up globally and is a standardized method of delivery. You are correct as the loan was paid on the backs of the stockholders and so was all the 3000% discounted shares to Eric (toxic lender) while we invested at retail prices. Eric has been issued in excess of 700M shares on chump change loans. Josh thought he could run a public company similar to his nail and hammer but thru the audits he has discovered otherwise while he continues to personally borrow from the company without a structured loan payback note.
On the plus side we have paid for 3 years worth of audits and have our fingers crossed the 3 builds get completed and actually sold. We are not too interested in his life style except when it is on the backs and pocket books of the stockholders. The stock PPS is down 99.7% and at some point he is gonna want to reach out to the stockholders for some boot up the rear end advice.
We are confirming why Eric did not file or have to file a 13D/G among several other items. Someone on this thread indicated they were headed to Florida and would swing by the properties just to visually see the status of the builds. That would be nice.
$MSTO perspective...
We have noted this dilemma on many occasions suggesting the toxic lender RSO Eric has a strangle hold on Josh and no fault but his own. At the outset he should have negotiated the long standing loan payoff and instead carried it on the books, then he soon realized the industry public traded companies he touted as a connection and in whom we trusted as part of our investment did not step up to the plate. In keeping his side job hammer and nail company working long distance on projects indicating he was bringing on an industry leader and developer to have that fall thru, PR 3 properties in escrow which fell out at the last minute, move too fast in suggesting an auto build relationship in which they have kept the finished product and finally flushing stock out the door at a 3000% discount to the Eric where he turns around and sells those unrestricted shares on the market then splitting the stock sale and then borrows from the company on an unstructured non pay back loan ... in the end after setting that all aside the stock is still stuck in the mud on any PR as Eric is waiting to flood the AS on any spike.
So - we will wait until April 2022 and see if the current build gets finished and sold. Wait and see if the 3 cars at JTec get finished and actually sold. Then wait again until mid summer to see if these two new builds get completed and sold.
All the time a measly 4M shares traded this morning on the current past two PRs.
Common Market Makers
$MSTO
Market Makers
Market makers are licensed broker-dealers that work for firms to mitigate client orders in the open market. They compete with other market makers by posting the required bid and ask price and size quotes for every stock they make a market in. Market makers get order flow information and will trade in the open market to fill the order for a profit. The profit comes from the spread between what they paid for shares compared to what the client is charged. When market makers complete large order transactions, they will often post the blocks on time and sales. Unusually large blocks are likely market maker transactions that have been completed earlier.
Who are the Market Makers?
Market makers work for broker-dealer firms. As the name states market makers make markets in stocks. They are licensed dealers that are obligated to provide liquidity and assume the risks associated with holding an inventory of shares in stocks they cover in order to maintain an orderly market and facilitate trade transactions. They are obligated to always provide a bid and ask quote during market hours and be ready to buy and sell at least 100 shares of stock they make a market in. They compete with other market makers and electronic communication networks (ECNs) for trades and try to profit from the bid and ask spread of their fills. When an institution decides to buy or sell a large amount of stock, they will spread their block orders through multiple market makers to attain an efficient average price without making too much market impact. As the role and access of ECNs and dark pools has grown through the years, market makers have seen a steady decline in numbers and activity. Market makers are some of the largest users of high frequency trading (HFT) and algorithmic trading programs, which account for up to 70% of all daily trading volumes.
The following is a list of market makers as well as ECNs and Exchanges that actively compete for order flow.
VFIN
Vfinance investments is a market maker in over 6,000 stocks across all the exchanges including NYSE, NASDAQ, OTCBB and Pink Sheets. They generate over 15 billion shares of monthly trading volume.
VNDM
Vandham Securities was founded in 1990. This market makers specializes in small cap and illiquid securities as well as makes markets in all major exchanges and U.S. options markets.
PERT
Pershing Securities Ltd. is a market maker based out of London, United Kingdom. Founded in 1990 as a subsidiary of Pershing Ltd and makes markets in all U.S. exchanges as well as London Exchange.
ETRF
G1 Execution Services LLC, was formerly the market making unit of E*Trade Financial Corporation. The firm was sold to Susquehanna International in 2013. The firm specializes in market making on all exchanges and facilitating trades for retail customers.
ADTF
Automated Trading Desk LLC, was a pioneer in automated trading since 1988. This firm utilizes HFT and complex algorithm programs to make markets on all U.S. exchanges. The firm is a subsidiary of Citigroup.
ARCA
Archipelago was an ECN developed by TerraNova Trading LLC, that went live on January 20, 1997. In 2001, the Archipelago Exchange (ArcaEx) was launched on U.S. stock exchanges to quickly and efficiently execute stock trading transactions. ArcaEx purchased the Pacific Exchange in 2005. Archipelago Holdings, parent company of ArcaEx, merged with NYSE in April 2006 changed its name to NYSEArca.
NITE
Knight Capital Group was founded in 1995 and quickly became the largest independent market maker in the U.S. equity markets responsible for up to 17% of all volume on the NYSE and Nasdaq making a market in over 19,000 securities and generating over $21 billion of daily dollar volume and nearing 4 billion shares traded daily in 2012. Knight also developed the DirectEdge ECN. Knight specialized in making markets in all U.S. equities including small-caps and OTCBB stocks servicing retail customers through TD Ameritrade and Etrade. As an early pioneer in high frequency trading, the company suffered a $440 million single day loss due to an algorithm trading glitch on August 1, 2012. The firm lost $10 million per minute during the 45-minute fiasco that blasted out 4 million executions on 154 stocks and over 397 million shares of activity. The firm desperately sought financing and strategic options to stay solvent and eventually was acquired by Getco LLC to form KCG Holdings in 2013.
CDEL
Citidel Securities appointed Microsoft COO, B. Kevin Turner as the new CEO on July 7, 2016. The firm is massive global market maker in fixed income and securities. They make markets in over 7,000 U.S. listed securities and 18,000 OTC securities worldwide. The firm is largest options market maker in the U.S. responsible for 25% of all the executions on U.S. equity options and up to 13% of all U.S. stock trading volume. The firm is a subsidiary of parent company Citadel Investment Group, LLC, a private asset manager and hedge fund with over $25 billion of assets under management (AUM).
EDGA and EDGX
Originally founded as Attain ECN in 1998, Knight Capital Group purchased the assets and re-launched it as Direct Edge ECN in partnership with Citadel and Goldman Sachs and ISE. Direct Edge ECN platforms EDGX provided large rebates for liquidity providers while EDGA offered low-cost fees for liquidity takes. Combined the ECNs grew a 9-12% marketshare of U.S. equities trading volume in 2009 and tied with BATS for the third largest exchange in the United States behind the NYSE and Nasdaq. Direct Edge released On March 12, 2010, The SEC officially approved the conversion of the EDGA and EDGX ECN platforms to become national securities exchanges, which officially launched on July 21, 2010. BATS Global Markets acquired Direct Edge on January 31, 2014.
grabbed from investors underground
$MSTO MasterBeat Corporation's JTEC Automotive Inc. Acquires Cadillac Escalade to Build Custom Twin Turbo All Wheel Drive Luxury SUV
BUFORD, GA / ACCESSWIRE / November 30, 2021 / Masterbeat Corporation (OTC PINK:MSTO), a company specializing in hard, tangible asset acquisitions with an intense focus on real estate, precious metals, collectible classic automobiles, and other tangible assets, is pleased to announce that JTEC Automotive has acquired a 2007 Cadillac Escalade for their Luxury SUV Twin Turbo build.
The Escalade acquired is equipped with Cadillac's Electronic All-Wheel Drive (AWD) system, a 6.2-liter Vortec Engine, a heavy-duty automatic 6L80 6 speed transmission with an electronic shifting Borg Warner BW4481 Transfer Case. This build will consist of a total engine, transmission and transfer case rebuild to include a custom Twin Turbo setup. The interior will be custom designed by e3 Customs out of Pompano Beach, Florida. The suspension, brakes, tires and wheels will all be updated with performance grade parts. The SUV will sport a high-end stereo, GPS and entertainment system, a custom paint job, new LED lights and much more.
"In this day and age, people want it all. They want the power of a muscle car, the handling and performance of a sports car and the room to take the whole family along with them. More and more we see custom SUVs being built with custom engineering being pushed to new limits," stated Josh Tannariello of MasterBeat Corp. "Once we decide on all the parts that we will incorporate in this build, we will release an update with all the upgrades we will be utilizing for this Luxury SUV Project."
About JTEC Automotive, Inc.
JTEC Automotive provides classic car restoration services for classic antiques, muscle cars, exotic cars, collector cars, street rods, restomods and pro touring vehicles. JTEC is the one-stop shop for all your car's needs. JTEC is a full restoration shop, from body work, to mechanical, interior and paint. Our technicians are committed to providing the highest quality of work in the industry. www.jtecautomotiveinc.com
About JTEC AutoWorld
www.jtecautoworld.com
NEW/USED CARS
JTEC Auto World's "New and Used Car" online platform segment aims to provide, both to the buyer and seller, user-friendly tools necessary to significantly improve the car buying and selling experience with multiple listing options, including original and re-listing services, along with custom research options. The service is available to anyone by simply subscribing, and the JTEC Auto World Subscription is FREE of Charge.
JTEC provides the tools necessary to allow consumers, both buyers and sellers, to make educated decisions, having confidence in their buy/sell transactions. The seamless process continues with additional consumer resources, including a vast nationwide database of auto finance companies, offering pre-approved and on-the-spot financing and top auto insurance providers to compete for the consumers' business. https://jtecautoworld.com/
NEW/USED PARTS
JTEC Auto World's "New and Used Auto Parts and Accessories" is where a user can look up new or used parts and accessories for their vehicle and compare prices between them. Individuals, Salvage Yards, Mechanics, anyone can open an account and list any part they may have. A user simply must become a registered subscriber, and then they may buy or sell any new or used car, part, or any automotive product they may have for sale. https://jtecautoworld.com/
NEW PARTS CATALOG
JTEC's New Auto Parts E-Catalog System, provided by Epicor, features over 12-million-part numbers with an excess of 13,000 manufacturer lines. Epicor's PartExpert software is the aftermarket's most complete and accurate database of replacement parts and related products for cars, light trucks, and medium-duty trucks available today. This world-class software features unparalleled coverage of domestic and foreign makes and models from 1962 to the current year and is referenced in more than 70 percent of all aftermarket part sales in North America. https://jtecautoworld.com/
USED PARTS CATALOG
JTEC's Used Auto Parts E-Catalog System will feature a custom designed software program that incorporates a part-locating system, networking auto recyclers, salvage yards, Insurance companies and retailers throughout the United States, Canada, and Mexico. JTEC will incorporate the use of Hollander's EDEN software that will provide users with access to more than 194 million used parts from a trusted network of providers allowing JTEC the ability to display this massive inventory of used parts and accessories to a wide and diverse audience. https://jtecautoworld.com/
NATIONAL AUTO TECHNICIAN DIRECTORY
JTEC's Automotive Technician and Services Directory is a digital marketplace focused on connecting car owners with local service professionals in the automotive industry. From auto repair and service mechanics, body shops, custom shops, wrapping and detailing providers, mobile mechanics and so much more. JTEC Auto World provides seamless access to any service provider a vehicle owner might require or desire. JTEC's evolving concept is similar to many well-known HOME REPAIR service and advisor platforms, with reviews and ratings, and will be seamlessly integrated with JTEC's Automobile and Parts business segments.
Continuing with JTEC's seamless one-stop experience, the research tools incorporated in the Auto Technician and Services Directory will provide users the opportunity to learn about average repair costs, common installation problems, vehicle/part dependability and recommended service solutions. Additionally, consumers will have access to prescreened available warranties, extended warranties, and other services. https://jtecautoworld.com/
About MasterBeat Corp.
MasterBeat Corporation (OTC:MSTO), incorporated under the laws of Delaware, is a publicly traded company specializing in hard, tangible asset acquisitions with an intense focus on real estate, precious metals, and other tangible assets. 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.
www.masterbeatcorp.com
info@masterbeatcorp.com
Safe Harbor Statement
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts or to procure future contracts. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.
Contact:
Josh Tannariello
561-570-7050
josh@masterbeatcorp.com
SOURCE: MasterBeat Corporation
Agreed yet $MSTO is an easy play for some at 100/tic so $400-$500 a day can add up for the youngsters. We are in it for the long haul and continue to add at these prices. In addition even after the tweet the stock settled 3 tics down so without "official" news the appraisals and auto status news are short lived.
$MSTO 0.00265 up 0.00015 (6.00%)
Masterbeat Corporation (MSTO)
Volume: 6,380,128 @11/29/21 3:58:40 PM EST
Bid Ask Day's Range
0.0025 0.0028 0.0025 - 0.0028