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$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
$MSTO TDA / ToS Dialog & Clarification
Thank you to all who helped clarify the L2 display. As you can tell from the summary TDA ToS documentation - it needs to be clarified or updated for the OTC as it clearly states the BS/AS is in multiples of 100. You all are correct as per FINRA.
~~ Dialog ~~
09:02 drblunt: Please confirm on the ToS this information holds true for the OTC markets as well:
09:02 admin: Thank you for chatting with us. We appreciate your patience as the next available associate will be with you as soon as possible.
09:02 drblunt: When you specify the symbol in the symbol selector, you will see the real-time quotes in the working area. The working area is divided into two sets of columns: bid-related (to the left) and ask-related (to the right). These columns identify the marketplace or market maker at the given bid or ask price with respective number of shares to be bought or sold (ask/bid size). In both ask and bid size columns, the numbers represent hundreds of available shares or contracts: for example, 3 in the bid size column means that there are 300 shares or contracts ready to be bought at the respective bid price at the respective exchange.
09:04 drblunt: When a BS shows 1,000,000 = 1,000,000 x100 = 100,000,000 as an example on the OTC
09:11 drblunt: Another example BS says 500,000 would that equal 500,000 x100 = 50,000,000
09:12 Ryan_B: hi there thanks for chatting in today. I am looking into your request now
09:12 drblunt: FINRA RULES: Display of Customer Limit Orders
Quote: (a) Each OTC Market Maker displaying a priced quotation in any OTC Equity Security in an inter-dealer quotation system shall publish immediately a bid or offer that reflects:
(1) The price and the full size of each customer limit order held by the OTC Market Maker...
https://www.finra.org/rules-guidance/rulebooks/finra-rules/6460-0
09:21 Ryan_B: still researching but at a certain point in the price threshold the share amount is not multipied by 100
09:23 drblunt: Please clarify at what point and please direct me to the ToS documentation - thanks.
09:26 drblunt: These are two examples of the Ticker:MSTO BS as highlighted.
09:28 drblunt: Does the BS displayed by ETRF of 1,015,000 at .0024 = 101,500,000 and does the STXG of 10,000 at .0020 = 1,000,000 ?
09:28 Ryan_B: checked with my back office team. OTC is always the share amount listed - no multiplier
09:29 Ryan_B: listed is lots of 100
09:29 Ryan_B: there is no price level in OTC it is the exact amount as long as it meets the min display size threshhold
09:31 drblunt: For clarification on this example: 1,015,000 is the exact amount of shares offered?
09:31 Ryan_B: (a) Each OTC Market Maker displaying a priced quotation in any OTC Equity Security in an inter-dealer quotation system shall publish immediately a bid or offer that reflects:(1) The price and the full size of each customer limit order held by the OTC Market Maker that is at a price that would improve the bid or offer of such OTC Market Maker in such security;
09:32 Ryan_B: the same part you linked me is what they gave me also. its the full amount displayed
09:32 drblunt: Ok thanks. Then please advise them the ToS documentation is incorrect.
09:33 Ryan_B: Id be happy to review that documentation. It looks like they are refereing to how a listed security is displayed
09:34 drblunt: The documentation is noted at the top of this dialog. Thanks.
09:36 Ryan_B: Stocks listed on the exchange are displayed by multiplying by 100 where as the OTC stocks are different - I will send some feedback up and clarifying that in the documentation
09:36 drblunt: Ok thanks. cya
09:36 Ryan_B: have a great day!
$MSTO L2 response from TDA re ToS
They referred us to the following statement: (we are going to verify this includes OTC)
For stocks and options, Level II is a color-coded display of best bid and ask prices from a given set of exchanges. Use the toggle in the upper right corner of the working area to switch between the pre-defined sets (books): Level II, NASDAQ Full Book, and BATS/EDGE Full Book. For futures, since they each trade on a single exchange, Level II displays first several layers of that exchange's book.
When you specify the symbol in the symbol selector, you will see the real-time quotes in the working area. The working area is divided into two sets of columns: bid-related (to the left) and ask-related (to the right). These columns identify the marketplace or market maker at the given bid or ask price with respective number of shares to be bought or sold (ask/bid size). In both ask and bid size columns, the numbers represent hundreds of available shares or contracts: for example, 3 in the bid size column means that there are 300 shares or contracts ready to be bought at the respective bid price at the respective exchange.
Since the purpose of Level II is providing you with best bid ask prices, the columns are sorted accordingly. By default, the bid area of the gadget is sorted in descending order by the bid price column, so that highest prices are on top. As it might be expected, the ask side is sorted vice versa: the default sorting displays lowest prices on top. You can re-sort the columns in the reverse order by clicking on the Bid or Ask title, or sort the set by exchange name or bid/ask price by clicking the title of respective column.
Level II enables you to add orders instantly. Click on a bid price in Level II to add a sell order; clicking on an ask price will prompt you to add a buy order.
TDA/ToS says its 15K x100 so we have a call into tech support for another clarification (this would be number 3 from them). We will keep the list updated on our findings $MSTO
$MSTO L2 ...
mm STXG has had a 10,000 BS at .0020 on the ToS for ages. That would mean 10,000 x 100 = 1,000,000 according to TDA does your eTrade show 1mil or 10K? curious.
also current BS shows ETRF 1,015,000 (x100 = 101,500,000) at .0024 what does your platform show?
$MSTO eTrade
TDA/ToS shows in 100s on the computer. Will be interesting to check eTrade and confirm. Thanks.
$MSTO L2
We will need to double check on eTrade but on TDA/ToS it shows BS/AS in 100s ... hope that helps. 2022 should be an exciting year if the PRs hold true.
$MSTO L2
Yes and while we thought it possible the BS/AS could be skewed we reached out to the TDA help desk in that moment and they responded:
"Hello,
Thanks for reaching out to us with your inquiry. Yes, the L2 size displayed is x100 so you understand it correctly. I hope that provides some clarity to your inquiry, let us know if we can further assist you with anything and have a great holiday weekend!
Brad Johnson
Trader Support, Trader Services"
Thus a BS showing 1030000 = 1030000 x 100 = 103,000,000 we should add on several occasions when noting the over zealousness of the MMs we gave those interested a combined total of several MMs. Hope that helps. In the end most or all of those BS were withdrawn ...
$MSTO closed 0.0025 even - no change 0.0 (0.00%)
Masterbeat Corporation 11/24/21 2:16:27 PM EST
Bid Ask Day's Range
0.0024 0.003 0.0024 - 0.0029
$MSTO MMs
yep the BS shows
223,500,000 @ .0024
216,000,000 @ .0023
50,000,000 @ .0022
obviously MMs throwing junk to the wall flushing out the paper hands also hoping for official word thru the news channels on the appraisals...
$MSTO Closed 0.0025 down -0.0001 (-3.85%)
Masterbeat Corporation (MSTO)
0.0025 -0.0001 (-3.85%)
Volume: 17,061,236 @11/23/21 3:59:42 PM EST
Bid Ask Day's Range
0.0023 0.003 0.0022 - 0.003
$MSTO closed 0.0026 down -0.0002 (-7.14%)
Masterbeat Corporation (MSTO)
0.0026 -0.0002 (-7.14%)
Volume: 17,357,453 @11/22/21 3:59:38 PM EST
Bid Ask Day's Range
0.0023 0.003 0.0023 - 0.003
$MSTO Level II
...please keep in mind the BS/AS orders shown are in 100s on the Level II. Thus, when you see 1 order = 100. So in this case the Level II BS showed:
10,000,000 (which would mean 10,000,000) x 100 = 1,000,000,000 bid
at .003 = 1,000,000,000 x .003 = $3,000,000 we suspected this was a pseudo wall for two basic reasons:
1. 1,000,000,000 is more than the A/S 850,000,000 and just a show of position by the MM in seeing who the paper hands were, demonstrate a hypothetical liquidity from the broker, and an effort to show they are stock piled.
2. we traced the action watching as it was taken down by the MM and replaced with another BS on the same pps.
We think such action demonstrates MM efforts to control the depressing bearish stock value collecting shares on the cheap and shareholders selling into the bid which rarely if at all helps the bullish side of the pps.
$MSTO same response as yours -
A note on $MSTO just for clarity on our behalf
Under the current Q3 filing note 8 last paragraph CEO Josh stated: During the nine months ended September 30, 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
... this is a conversion rate of $.0001 that is a 3000% discount while not key in this dialog it is a benchmark we use when evaluating debt write off, spend rate, future conversion, and assumption of new debt.
So as to not get side tracked: IF Eric were to do a slow burn of let's say: 5M a day at the current PPS .003 = $15k profit for that one transaction. Now divide the 723M / 5M a day = 145 trading days of burn. While it would be conceivable he could in fact do it the more likely scenario as a 3-5M burn rate 2-3 times per week.
Thus, Eric could loan back $45k or a portion thereof (15M burn over 5 days) each week and then have CEO Josh payoff with stock. Now you do bring up a valid point of a slow OS increase per Q. However, we see a way around this for CEO Josh because he now owns 30% of SBQ the real estate division in a move to protect his unprotected RE investment. On another Q filing he never stated who owned part of SBQ nor the percentage until the shareholders called it to his attention.
So we see Eric feeding CEO Josh as we incur more debt on the books and while CEO Josh takes out loans against the company with no debt repayment. More on this another time.
In the end - CEO Josh is running the public company like the private hammer and nail company he has on the side. Where this will all end up we have some clues but for now are holding it close to the vest.
Hope some of this helps out a little...
$MSTO we have said all along these channels and dips are buying opportunities for us -- we cannot speak for others
$MSTO CEO Josh needs cash and the easiest way to do it is to give Eric shares for nothing and Eric sell them in this case at the -30s 5Mil is $15k on each hit that adds up when there is 700M running around on the short loans. The advantage we have is to continue to load on the cheap. We can see issues down the road if the SEC checks on the swaps but doubt they would...
$MSTO as you can see there goes more of the dump at 28-29 while the retail GTCs have been sitting at 37+ watch the Level II at close this afternoon you will see the GTCs sitting holding strong but to no avail with Josh, Eric, MMs in the -30s spin zone. Our strategy is to buy down our average and load at cheap prices ....
$MSTO anybody seen any of the 13G filings for the 700M over the past couple of years? Seems the way it is working Josh gives cheap shares to Eric, Eric carefully dumps the shares example 5Mil @ 30s this morning Eric then loans those profits back to Josh and he then gives Eric more shares. Do you see the cycle. So if the MM is short Eric just feeds from the Ask to the market MMs buy cheap - they all make money. Seems simple enough. On the retail side we are caught in a tight channel until the prop sells next year and OTC interest gets in. Thus, we accumulate below the 50s right now at 30ish sitting on a payday down the road.
Yes still there as well
@vw_shorty
Go $MSTO
Nope you are all good we didn't take it as such. We prefer to respond publicly for the benefit of all along this path. While profitable trading remains paramount many would like to see the company succeed so the additional info was presented. Hope it helped... Happy trading.
$MSTO is a long ways back - thank goodness for the money making dips 30s is a steal from our perspective ... we are in good shape for the eventual pop 90% of this (well actually 87.36%) is in the low 00's for us
Regardless Josh needs to be transparent and that's not been the case.
That Florida trip will be a wonderful experience for the $MSTO holding. Keep in mind he has a residence in NH and is somehow doing panhandle builds which is odd and not sustainable. We would love to see him scale down and flip (rice and beans). He remains unclear as to the current revenue as well. Please be sure to give him advance notice so you can get the "tour". We are in for the long haul too. If you so desire, spend some time chasing down the background of the previous noteholder and owner of a large block of stock - you might find it enlightening and then question why Josh kept him around. It has us leery. Good luck.
Thanks. We have been in this since $.06 so you know we still have a vested interest in the company. Many take our comments as hate but for us it is constructive criticism as well as accolades as earned.
When CEO Josh took over he touted his connections with the publicly traded construction industry yet in the end not a single company stepped up as he inferred would happen. Further as noted we thought he would pay off the toxic note out of the gate then clear the books and with his experience in stone work go in and flip houses. As you know that didn't happen either.
His PR said he brought on a NH construction guy to manage the builds that didn't happen. When he laid the down on the first prop at Verano Palace Property in Miramar Beach and he tried to jimmy the down payment by taking title, setting up shop in it and using it as a part time vacation home as a write off then the auditor said nope after we tried to tell him he couldn't do that.
We found out later down the road the noteholder is RSO and hustled some other deals in a toxic manner - by then the bottom fell out and it was to late to bail. We have suggested on many occasions he should focus on his builds and get someone to handle the oversight for the rest. There are ways to structure that but he just got in bed with Eric and that part is history.
So at this point yes we agree he needs to complete the build by April 2022 as he said. John at Jtec seems to have his stuff together but that whole vision has changed too. They were gonna do a build out on the auto but no word on that.
The Q reports are so vague and ambiguous even with a PhD and years of corporate business experience and tech driven companies, classic auto based experience, commodities and stock trading for a life time his numbers are fuzzy math. He has run a hammer and nail company for years but when you run a corp with stockholders its a different can of worms. He is borrowing against the company with no debt repayment structure. Further we questioned him on a PR stating he had 3 rental properties "closing" escrow and found that was not true. We get he thinks big but some of us look at the Qs as they come out and they just don't match.
The bottom line: we are still hopeful our investment is not a 100% loss and Josh comes to his senses and reads some of this stuff and puts it into action. OTC heavily relies on PRs which is non-existent here. A 5 min photo op and then post to Twitter its that simple. Our fingers are crossed he works it out.
Regards and Happy Trading...
...was responding in part to a recent post on this forum and wanted to add some details to the thread for the sake of the stockholders.
$MSTO lender, etc response
Unfortunately Eric has Josh over a barrel. Josh should have negotiated the settlement of the toxic note when he came on board but that is a thing of the past. Part of the reason the note was settled is the new climate change on toxic lenders and notes. It appears Eric has approx 700M of the 850 AS. While we are not at liberty to discuss Eric at length doing some DD on your own you will find his involvement is less than sincere. Josh has no choice at this point but to try and complete the builds to avoid further indebtedness and begin to fund the projects on the sale of the props. The company as we know has lost 94.6% of its value since he took over. The Q3 does not reflect any internet sales, Jtec sales, and shows management fees from an unknown source. If you look over the past PRs you will find there is some missing info as we will leave that up to you to discover. We are pot committed at this time vested in the company PPS hovering around 32 and yes we see the pressure towards the 20s. This company moves on PRs and the lack thereof results in a dismal performance. We get his effort but he is missing a key business component towards success a COO who would be the glue for both the builds, cars, internet, future growth, and "accurate Q reporting". While Josh's title is CEO his role is more likely a director/team leader in a subsidiary of the company. In addition, the Q3 has several errors which he will at some point will want/need to clear up. We are trusting he will figure this all out as he has not taken to heart nearly any of the suggestions from his stockholders. Hopefully the PPS and company get turned around...
$MSTO Q3 summary:
At some point if there is one this has to bottom out. As you can see there is absolutely no activity on this board and the active trader.
While they are building a house which will hopefully produce a nice return, the fins show we continue to feed the RSO Eric with 700+mil stock and incur more debt from him. Josh has borrowed $440k from the company with no promissory note, the fins do not indicate any income from Jtec, management fees do not show where they came from, there is a $965k purchase on Baird Rd with no property address, and no internet sales posted. No negatives here just stating what's on the fins.
$MSTO updated the Filings and Disclosure OTC Disclosures on the intro.
$MSTO 0.0032 down -0.0002 (-5.88%)
Masterbeat Corporation (MSTO)
Volume: 2,614,291 @11/04/21 3:57:59 PM EDT
Bid Ask Day's Range
0.0032 0.0035 0.0031 - 0.0035
$MSTO 0.0036 up 0.0001 (2.86%)
Masterbeat Corporation (MSTO)
0.0036 ? 0.0001 (2.86%)
Volume: 16,855,529 @10/29/21 3:59:54 PM EDT
Bid Ask Day's Range
0.0032 0.0037 0.0033 - 0.0037
$MSTO 0.0036 down -0.0001 (-2.70%)
Masterbeat Corporation (MSTO)
Volume: 9,244,696 @10/26/21 3:46:06 PM EDT
Bid Ask Day's Range
0.0035 0.0037 0.0035 - 0.0038
Masterbeat Corporation $MSTO
0.0037 down -0.0001 (-2.63%)
Volume: 14,433,760 @10/25/21 3:57:30 PM EDT
Bid Ask Day's Range
0.0035 0.0038 0.0035 - 0.0039
Yes agree with the Level II obs on $MSTO
As noted no significant changes on the L2 since our last post seems to indicate many shareholders are not on the "flip" and holding for a set return which is fine. Nothing wrong with making some cash along the way. In the short term the quarter filings will indicate how much of the farm CEO Josh gave up to clear the toxic RSO note as we have already discussed the extensive stock give-a-way for pennies. Nothing we can do for now to address that - we will need some luck on the weather and supply chain to hit the target build timeline.
If the new traders can learn anything from the L2 is many are holding strong and gonna make the bids come in our direction... UP. Finally, those straggler fills of 100 and we just saw 2 shares come up are a waste. Our $MSTO traders are smarter than that to get pushed off by the MMs. The MMs throw big low ball walls up then quickly take them down. The longer we hold the stock the value we will gain. This is no meme or movement stock. It will fit nicely into the portfolio as it matures.
$MSTO we are on a long term hold
A reminder CEO Josh said he hoped to have the current build completed by April 2022 (6 months) that is fine with us ... we don't criticize anyone's play whoever was at 36 and selling at 41 is making $100 bucks per M per tick that's just not our motion but that can add up to some cash for the youngsters - yes top end pressure seems to be there in the L2 41-48 been GTC for awhile now - nice to see
we wish everyone the best