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0.0012 -0.00035 (-22.58%) Volume: 80,414,407
Masterbeat Corporation $MSTO
0.0012 -0.00035 (-22.58%)
Volume: 80,414,407 @04/28/22 3:54:57 PM EDT
Bid Ask Day's Range
0.0012 0.0013 0.001 - 0.0016
0.00155 0.00005 (3.33%) Volume: 6,829,166
Masterbeat Corporation $MSTO
0.00155 0.00005 (3.33%)
Volume: 6,829,166 @04/27/22 3:43:30 PM EDT
Bid Ask Day's Range
0.0015 0.0016 0.0014 - 0.00155
0.0015 -0.0001 (-6.25%) Volume: 13,218,020
Masterbeat Corporation $MSTO
0.0015 -0.0001 (-6.25%)
Volume: 13,218,020 @04/26/22 3:54:11 PM EDT
Bid Ask Day's Range
0.0015 0.0016 0.0015 - 0.0016
0.0016 0.0 (0.00%) Volume: 5,683,332
Masterbeat Corporation $MSTO
0.0016 0.0 (0.00%)
Volume: 5,683,332 @04/25/22 3:58:57 PM EDT
Bid Ask Day's Range
0.0016 0.0017 0.0016 - 0.00174
A bit surprised $MSTO CEO Josh has not hedged on a tweet that we are headed down the home stretch in the RE build. Final inspections and permits will need to be signed off along with COC paperwork then sent to escrow. A buyer walk thru will also need to be completed.
There are many $MSTO folks who are not happy with CEO Josh and his back end SBQ dealings. In addition, those following iHub and Twitter remain silent as well. Perhaps with a few fingers crossed he will be able to pull this one off to the benefit of the $MSTO stockholders without over filling the pockets of the SBQ crew. If so, maybe we will see mid 30-40s on a good day then some holders are gonna cash out since the next RE revs will be another 8 months out.
No response from JTec John as to the reason we took delivery of the Camaro frame 4 months behind schedule. Anyway par for the course...
Thank you for the reminder on that old spin zone tweet by $MSTO CEO Josh. There is absolutely nothing he does that his rear end has not been covered. Please read those words carefully ~ He does not have 7 figs of his own money tied into the properties and he shouldn't mix the numbers up. Not back then and not now. Nope -- the company owing him payroll compensation doesn't count. Besides he has not earned a red cent of that pie in the sky self made swing deal package anyway.
Hasn't any body even noticed the pps is a dismal .002 that's two-tenths of a cent. That is 98% down from the moment he took over with full control. When he decided to throw out that spin tactic in Dec last year we're just guessing he didn't figure any of his $MSTO stockholders would even bother to read the misleading Q filings by omission... however, a couple of us did.
Just wait for a few more weeks and review his Q1 2022 filing then strap your seat belt on and compare it against the Q2 in July - follow the money trail. Then go back and re-read his tweet you posted for all and see where the chips fall especially related to the LLC to C Corp slip and slide move. In addition, please consider refreshing the DD on RSO Eric if you so desire - he has been a bad apple for this company since the beginning. It is unfortunate CEO Josh had to buddy up with him instead of paying him off pennies on the dollar when he had the chance and stock giveaway doesn't count too.
Thank you again for suggesting otherwise but we have supported our claims ~ CEO Josh should stand up and be an honest corporate officer who has a primary fiduciary responsibility to the $MSTO stockholders "first". Quite frankly that has not happened. Again, if we have failed to support our position please feel free to let us know. Oh BTW we are "still" waiting for him to confirm the accurate corporate email address we gave him - so we can send questions in a more formal manner that can be read by all. CEO Josh says he is transparent -- well we have some pointed questions that will flush that out - with all due respect he owes his stockholders more than the PR fluff so his stock giveaway can sell into the retail float.
Hopefully our response has clarified some things anyway ~ Happy Trading...
0.0016 0.0 (0.00%) Volume: 1,321,389
Masterbeat Corporation $MSTO
0.0016 0.0 (0.00%)
Volume: 1,321,389 @04/22/22 3:59:55 PM EDT
Bid Ask Day's Range
0.0016 0.0017 0.0016 - 0.0017
Just reached out to John at $MSTO Jtec regarding the recent 68 Camaro custom build frame announcement:
JTEC Automotive Inc. @AutomotiveJtec · Apr 19 $MSTO #JTECAutomotiveInc. We are pleased to announce the Chassis for our 1968 #Camaro from #RoadsterShopChassis has been shipped. Expected delivery date is the 25th
@Roadster_Shop http://roadstershop.com
We had contacted the Roadster Shop on the lead time for a custom frame build and they replied saying it takes 7-8 months. Thus, we wanted to know why we are getting the Camaro frame 4-5 months behind schedule?
Here was the original PR: MasterBeat Corporation’s JTEC Automotive to Build 1968 “Pro Touring” Camaro in Collaboration with Blow by Racing (BBR) Press Release | 03/17/2021 MIRAMAR BEACH, FL, March 17, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- MasterBeat Corporation (OTC: 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, announces it will be building a 1968 Pro Touring Camaro with Blow by Racing out of Boca Raton, Florida.
$MSTO CEO Josh did not give 4 mil ~ here is his breakdown. If we have missed something please let us know.
Note: * This was paid back on the sale of the property: During the twelve months ended December 31, 2019, the Company purchased a real estate property at 246 Driftwood Road, Miramar Beach, FL 32550 for $1.1 million. The Company put down $220,000 which was loaned by its Chief Executive Officer and took out a 30 mortgage in the amount of $880,000 with a 7 year ARM at 5.125%. The Company currently has the property rented to a tenant and collects rental income.
Accumulated Compensation: Yep CEO Josh accumulating company debt for salaries due him based on NO incentives. 98% pps share loss. This excludes the 30% ownership in SBQ
2019 - $44,622
2020 - $378,670
2021 - $371,554
Accumulated Compensation: As of December 31, 2020, the company owes its current Chief Executive Officer - $378,670 ($44,622 – December 31, 2019) for advances made to the Company.
Accumulated Compensation: 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.
0.0016 -0.0001 (-5.88%) Volume: 6,483,751
Masterbeat Corporation $MSTO
0.0016 -0.0001 (-5.88%)
Volume: 6,483,751 @04/21/22 3:57:51 PM EDT
Bid Ask Day's Range
0.0016 0.0018 0.0016 - 0.0019
Thanks for the reply and additional insight with respect to our $MSTO post #9408 03/31/2022 $MSTO CEO Josh Compensation and Benefit Package (Summarized).
Yes ~ CEO Josh has been quite creative in dishing out his own benefit package without much scrutiny from the $MSTO stockholders. They seem to be complacent touting the upcoming build while seemingly ignoring the company stock handouts. We will bet when the future Q2 arrives from the sale, CEO Josh will have given a bunch of the farm away and slapped more cash in his pocket at the expense of the $MSTO stockholders.
** However please note an important observation which may be sliding under the radar and perhaps your oversight and that is the restructuring of SBQ in moving from the LLC to the C Corp which in our humble opinion is a raw deal that does not protect the $MSTO stockholders.
Keep in mind when CEO Josh touts the buzz words of "dividends" he is really talking about the dividends issued for the SBQ shareholders and not the $MSTO stockholders. This is a slight of hand movement that will have passed bye ~ by the time the Q2 arrives with not a single soul beyond ourselves questioning his tactics.
You see, restructuring from the LLC to C Corp allows CEO Josh to move cash in more directions outside the box and away from the mother ship. In essence CEO Josh could feed the SBQ machine apart from $MSTO. Pretty Sad. Yet this does not come as a surprise as he will have learned well from RSO Eric's trickery. Again, we trust you have done a thorough DD on RSO Eric and his crew.
In addition we are totally surprised this forum is not up in arms and vocal on twitter calling into question CEO Josh lack of fiduciary responsibility to the $MSTO stockholders who have supported the company's effort in sounding the alarm "PULL UP - PULL UP".
How anyone vested in the company can remain silent is beyond belief. If you take a look at "my twitter feed" ~ you will see the bots, pumps, or insiders come out of the wood work in a name calling tantrum. No worries - that fits my forensic psychology background to a tee ~ after all there is nothing posted that is currently not supported by data unless noted as (opinion).
Finally, it is interesting to note when CEO Josh arrived we thought he had planned to pay off the toxic note for pennies on the dollar held by RSO Eric since CEO Josh would have known about that dude's trickery. What we didn't count on is CEO Josh jumping in bed with him and sucking the life out of $MSTO in a .0001 stock giveaway which as you know by now was detrimental to the stockholders in forsaking his fiduciary requirement. We checked CEO Josh background, work projects and the like, so we are totally amazed he got sucked in and joined RSO Eric's crew and that is troublesome. BTW: The uplist chatter is a joke at this point.
Again, thank you for your insight. Happy Trading.
Does anybody have any idea / guess how much the current build (Rolling Dunes) closing next month will directly hit the $MSTO bank account? We have a figure but don't want to give it up yet without feedback from others.
Ok we changed our mind ~ here's our guess
$4,250,000 Sale (reported escrow)
- $1,850,000 cost (land & construction)
__________
$2,400,000 initial profit
- $425,000 closing (slush against the cost)
__________
$1,975,000 balance
- $987,500 (50/50 other LLC distribution)
__________
$987,500 balance
- $296,250 (CEO Josh 30% of share distribution )
__________
$691,250 balance (SBQ 70% of share distribution)
Do the math how does our numbers stack up??
0.0018 0.0 (0.00%) Volume: 6,089,981
Masterbeat Corporation $MSTO
0.0018 0.0 (0.00%)
Volume: 6,089,981 @04/19/22 3:50:46 PM EDT
Bid Ask Day's Range
0.0018 0.0019 0.0018 - 0.0019
Yep $MSTO CEO Josh still giving away shares (dilution)
Outstanding Shares 1,078,361,015 04/18/2022 +60 Million
Outstanding Shares 1,018,361,015 04/13/2022 +75 Million
135 Million so far x.0001 = $13,500 borrowed
-----
Outstanding Shares 943,361,015 03/16/2022 + 85 million
Outstanding Shares 858,361,015 03/07/2022 + 50 million
Outstanding Shares 808,361,015 03/03/2022 + 80 million
215 Million x .0001 = $21,500 borrowed
0.0018 -0.0002 (-10.00%) Volume: 26,553,090
Masterbeat Corporation $MSTO
0.0018 -0.0002 (-10.00%)
Volume: 26,553,090 @04/18/22 3:38:20 PM EDT
Bid Ask Day's Range
0.0018 0.0019 0.0018 - 0.00205
We are figuring there has to be perhaps a half billion shares sitting at 19-21 that have been taken. If this thing runs there will be shares flying all over the place. "However" we have seen the restructure of SBQ coming for a long time when CEO Josh "all of a sudden" ended up divvy out a 30% cut out of nowhere. One has to clearly understand CEO Josh will put $500-750K in his own pocket on this first deal. Unfortunately we will have to wait until July to see the Q2 and then that will be the tale of the tape. We already think our prior comments have nailed it down. A couple of us spent a couple of days reading back thru RSO Eric and that relationship to CEO Josh and the possible subtle effects it is having on the decision making process (see MINE & Java). Watch for some other names to pop up after the restructure and see the actual profits $MSTO gets. In the meantime, we can't even get CEO Josh to confirm the company email address we have been sending emails too. In addition, we feel for JTec John, he sounds like a good kid but there's just not enough cash in the pot to push those dreams he has along at this time even though our fingers are crossed...
0.002 0.0 (0.00%) Volume: 31,502,591
Masterbeat Corporation $MSTO
0.002 0.0 (0.00%)
Volume: 31,502,591 @04/14/22 3:30:21 PM EDT
Bid Ask Day's Range
0.0019 0.002 0.0019 - 0.0022
$MSTO JTec to create 100 unique modern and classic vehicles for their Sandbox Game virtual Auto MALL.
Company Engages ‘DREAM JUNK STUDIOS' of Miami to Create Their Sandbox Asset Inventory
BUFORD, GA / ACCESSWIRE / April 14, 2022 / MasterBeat Corporation (OTC PINK:MSTO), a company specializing in hard, tangible asset acquisitions with an intense focus on real estate, collectible classic automobiles, and other tangible assets, is pleased to announce that its intention to enter the Metaverse is becoming a reality. The company Dream Junk Studios of Miami, Florida , an undeclared hub for crypto and metaverse within the U.S. , to create 100 unique modern and classic vehicles for their Sandbox Game virtual Auto MALL.
The company anticipates its first shipment of cars in May and will have the potential to bring in instant revenue. Entering the virtual automotive world was a management solution to adapt to the present economic environment as the supply shock continues to affect the automotive industry. Currently, there are no car lots or auto malls in the Sandbox, making JTEC's their first and only, while fully exploiting the wide-open opportunity within the hottest Metaverse game to date.
Shareholders will be able to see an example of JTEC voxel car that Dream Junk Studios will deliver. Of the 100 car models, JTEC will limit these to only 25-50 of each, and will have a price point of 1 ETH each or +/- 10,000 SAND. The auto will be able to be rotated 360 degrees, and its doors will be able to open so an avatar can get in and out. Both the hood and the trunk will be able to be opened to view the engine and speaker system.
Andres Toro , founder of Dream Junk Studios added, "What makes our work unique is the number of moving parts, exchangeable parts, and ability to give the owner the ability to play with it, interact with it, and show it off in the Metaverse. When Mr. Tannariello came to us with the automotive idea, we were impressed with his vision of creating a Metaverse Auto Mall and Auto Parts store where he could eventually incorporate his crypto auto coin, we were honored to have been chosen to facilitate the project."
"Andres' firm is making our virtual automotive project become a reality. Not only will JTEC be able to sell these cars on marketplaces like OpenSea.io, but also display them in our future virtual real estate within the Sandbox offering multiple ways for consumers to purchase a voxel art vehicle. Better yet, each of these cars will have a dozen or so interchangeable parts that we plan on selling to users as an upgrade creating a micro-sale opportunity for us to generate additional revenue. Maybe they want the car in blue instead of red, or if you want different rims, tires, or tinted windows, all of this will create extra income opportunities for JTEC, stated Josh Tannariello , CEO of MasterBeat Corp. "
The company is also in the process of developing a virtual auto parts store. Prior to the launch, parts will be listed on the Sandbox assets marketplace platform. Each vehicle created will have approximately a dozen different parts they can upgrade on their virtual car. This will allow the company to develop a virtual inventory consisting of thousands of parts. JTEC also has intentions of personalized custom orders for car enthusiasts. In example, let's say you own a 1969 Chevy Camaro in Electric Blue with white racing stripes, the company can create your "real life" classic into a voxel art original for your metaverse pleasure.
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
re: $MSTO Outstanding share increase
Outstanding Shares 1,018,361,015 04/13/2022 +75 Million
Outstanding Shares 943,361,015 03/16/2022 + 85 million
Outstanding Shares 858,361,015 03/07/2022 + 50 million
Outstanding Shares 808,361,015 03/03/2022 + 80 million
Outstanding Shares 728,361,015 02/09/2022
(opinion) CEO Josh you have a fiduciary requirement to your $MSTO stockholders first they are the ones providing stock liquidity so your @LlcSbq hustle can dump into the retail market. There are many young families invested in $MSTO 98% loss since you took over and RSO Eric ripped them.
Not a happy camper watching the outstanding shares bust ONE BILLION at the expense of the $MSTO retail trader to profit @LlcSbq investors. Moving the LLC to the Corp... hmm who exactly is that benefiting? Man and just before the 3 day trading weekend.
$MSTO Outstanding shares Update
Outstanding Shares 1,018,361,015 04/13/2022 +75 Million
Outstanding Shares 943,361,015 03/16/2022 + 85 million
Outstanding Shares 858,361,015 03/07/2022 + 50 million
Outstanding Shares 808,361,015 03/03/2022 + 80 million
Outstanding Shares 728,361,015 02/09/2022
Is this really creating $MSTO shareholder value? The Q1 filing will tell.
0.002 0.0 (0.00%) Volume: 5,021,388
Masterbeat Corporation $MSTO
0.002 0.0 (0.00%)
Volume: 5,021,388 @04/13/22 3:31:37 PM
0.002 0.0 (0.00%) Volume: 5,577,695
Masterbeat Corporation $MSTO
0.002 0.0 (0.00%)
Volume: 5,577,695 @04/12/22 3:47:53 PM EDT
Bid Ask Day's Range
0.0019 0.002 0.0019 - 0.0021
0.002 0.0 (0.00%) Volume: 3,657,263
Masterbeat Corporation $MSTO
0.002 0.0 (0.00%)
Volume: 3,657,263 @04/11/22 3:31:45 PM EDT
Bid Ask Day's Range
0.0019 0.0021 0.0019 - 0.002
0.002 -0.0001 (-4.76%) Volume: 3,383,192
Masterbeat Corporation $MSTO
0.002 -0.0001 (-4.76%)
Volume: 3,383,192 @04/08/22 3:41:12 PM EDT
Bid Ask Day's Range
0.0019 0.002 0.0019 - 0.00205
0.0021 0.0002 (10.53%) Volume: 15,834,724
Masterbeat Corporation $MSTO
0.0021 0.0002 (10.53%)
Volume: 15,834,724 @04/07/22 3:30:26 PM EDT
Bid Ask Day's Range
0.002 0.0021 0.0019 - 0.0021
0.0019 -0.0001 (-5.00%) Volume: 9,940,404
Masterbeat Corporation $MSTO
0.0019 -0.0001 (-5.00%)
Volume: 9,940,404 @04/06/22 3:17:57 PM EDT
Bid Ask Day's Range
0.0019 0.002 0.0019 - 0.0021
0.002 -0.0001 (-4.76%) Volume: 41,631,309
Masterbeat Corporation $MSTO
0.002 -0.0001 (-4.76%)
Volume: 41,631,309 @04/05/22 3:56:11 PM EDT
Bid Ask Day's Range
0.0019 0.0021 0.0019 - 0.00235
$MSTO LLC vs C Corp
A limited liability company (LLC) cannot issue shares of stock. An LLC is a business entity structured to have either a single or multiple owners, who are referred to as the LLC's members. Thus, the main difference between an LLC and a corporation is that an llc is owned by one or more individuals, and a corporation is owned by its shareholders. Therefore, in order for CEO Josh to issue "dividends" per sec to those involved in SBQ (as we have seen another LLC owns 50% of the current build property) he would want to change the business entity to a Corp. While the news is "dividend" based the reality is this is not related to the MSTO stockholders. Again, we are talking about the dividends.
Did you read between the $MSTO lines of the recent PR? Somebody did as evidenced by the narrow 5 tick trading channel.
Here's some Qs to help guide you thru the PR maze (all of this is opinion):
Do you understand the ramifications of CEO Josh moving the SBQ LLC to a C Corp and do you know who gets "dividends" of the corp? Since CEO Josh is moving the MSTO subsidiary SBQ to a corp do you think MSTO (aka its shareholders) will share in its revenue? Remember, when CEO Josh is talking about dividends it is not to the MSTO stockholder per sec but to the stockholders of SBQ (corp). Oh also, regardless, of his talk about an uplist that's not happening for ages and nope the R/S is not gonna help because he cannot sustain the value of the pps thru stock giveaway.
Yep we still remain long
$MSTO OTCQB Listing Requirements would be 500% pps increase ~ To be eligible to be quoted on the OTCQB, all companies will be required to:
Meet a minimum closing bid price on OTC Markets of $.01 for each of the last 30 calendar days; In the event that there is no prior public market and a 15c2-11 application has been submitted to FINRA by a market maker, OTC Markets can waive the bid requirement at its sole discretion; In the event that a Company is a seasoned public issuer that completed a reverse stock split within 6 months prior to applying to the OTCQB, the Company must have a post reverse split minimum bid price of $.01 at the close of business on each of the 5 consecutive trading days immediately before applying to the OTCQB; In the event the Company is moving to the OTCQB from the OTCQX, it must have a minimum closing bid price of $.01 for at least one (1) of the 30 calendar days immediately preceding;
Companies may not be subject to bankruptcy or reorganization proceedings the Company’s application;
Either be subject to the reporting requirements of the Securities Exchange Act of 1934 and be current in such reporting obligations or, if an international issuer, be eligible to rely on the registration exemption found in Exchange Act Rule 12g-2(b) and be current and compliant in such requirements or be a bank current in its reporting obligations to its bank regulator; Not be in bankruptcy or reorganization proceedings; Be duly organized, validly existing and in good standing under the laws of each jurisdiction in which it is organized and does business; Submit an application and pay an application and annual fee; Maintain a current and accurate company profile on the OTC Markets website;
Use an SEC registered transfer agent and authorize the transfer agent to provide information to OTC Markets about the Company securities, including but not limited to, shares authorized, shares issued and outstanding, and share issuance history; and Submit an OTCQB Annual Certification confirming the accuracy of the current company profile and providing information on officers, directors and controlling shareholders. All companies are required to post their initial disclosure on the OTC Markets website and make an initial certification. The initial disclosure includes:
Confirmation that the Company is current in its SEC reporting obligations and has filed all reports with the SEC, that all financial statements have been prepared in accordance with U.S. GAAP, and that the auditor opinion is not adverse, disclaimed or qualified; International Companies – (i) Companies subject to the Exchange Act reporting requirements must be current in such reports; (ii) A company that is not an SEC Reporting Company must be current and fully compliant in its obligations under Exchange Act Rule 12g3-2(b), if applicable, and shall have posted in English through the OTC Disclosure & News Service or an Integrated Newswire, the information required to be made publicly available pursuant to Exchange Act Rule 12g3-2(b) for the preceding 24 months (or from inception if less than 24 months); and all financial statements have been prepared in accordance with U.S. GAAP and that the auditor opinion is not adverse, disclaimed or qualified;
Verification that the Company profile is current, complete and accurate;
All companies will be required to file an initial and annual certification on the OTC Markets website, signed by the CEO and/or CFO, stating:
The company’s reporting standing (i.e., whether SEC reporting, bank reporting or international reporting) and briefly describing the registration status of the company; If the Company is an International Company and relying on 12g3-2(b), that it is current in such obligations; That the company is current in its reporting obligations to its regulator and that such information is available either on EDGAR or the OTC Markets website; States the law firm and/or attorneys that assist the company in preparing its annual report or 10-K; Confirms that the company profile on the OTC Markets website is current and complete; Identifies any third-party providers engaged by the Company, its officers, directors or controlling shareholders, during the prior fiscal year and up to the date of the certification, to provide investor relations services, public relations services, stock promotion services or related services; Confirms the total shares authorized, outstanding and in the public float as of that date; and Names and shareholdings of all officers and directors and shareholders that beneficially own 5% or more of the total outstanding shares, including beneficial ownership of entity shareholders.
An application to OTCQB can be delayed or denied at OTC Markets’ sole discretion if they determine that admission would be likely to impair the reputation or integrity of OTC Markets Group or be detrimental to the interests of investors.
Requirements for Bank Reporting Companies
Bank reporting companies must meet all the same requirements as all other OTCQB companies except for the SEC reporting requirements. Instead, bank reporting companies are required to post their previous two years’ and ongoing yearly disclosure that was and is filed with the company’s bank regulator, on the OTC Markets website.
International Companies
In addition to the same requirements for all issuers as set forth above, foreign issuers must be listed on a Qualified Foreign Exchange and be compliant with SEC Rule 12g3-2(b). Moreover, a foreign entity must submit a letter of introduction from a qualified PAL which states that the PAL has a reasonable belief that the company is in compliance with SEC Rule 12g3-2(b), is listed on a Qualified Foreign Exchange, and has posted required disclosure on the OTC Markets website. A foreign entity must post two years’ historical and ongoing quarterly and annual reports, in English, on the OTC Markets website which comply with SEC Rule 12g3-2(b).
Ongoing Requirements
U.S. OTCQB companies will be required to remain current in their SEC reporting obligations. A foreign company that is not an SEC Reporting Company must remain current and fully compliant in its obligations under Exchange Act Rule 12g3-2(b), if applicable, and in any event shall, on an ongoing basis, post in English through the OTC Disclosure & News Service or an Integrated Newswire, the information required to be made publicly available pursuant to Exchange Act Rule 12g3-2(b).
Banks must remain current in their banking reporting requirements;
All OTC Markets posting and reports must be timely filed 45 days following the end of a quarter or 90 days following the end of the fiscal year for US issuers and as soon as practicable but no later than 6 months following the end of the fiscal year end or 60 days following the end of a quarter for International companies; where applicable, file a notice of late filing allowing for 5 extra days on a quarterly report and 15 extra days on an annual report;
All OTCQB companies will be required to post annual certifications on the OTC Markets website; All companies are required to comply with all federal, state, and international securities laws and must cooperate with all securities regulatory agencies; Must pay the annual fee; All companies must respond to OTC Markets inquiries and requests; All companies must maintain an updated company profile on the OTC Markets website and must submit a Company Update Form at least once every six months; All Companies must file interim disclosures in the event the Company undergoes a reverse merger or change of control and make new updated certifications and disclosure related to the new business and control persons;
All OTCQB companies must meet the minimum bid price of $.01 per share at the close of business of at least one of the previous thirty (30) consecutive calendar days; in the event that the price falls below $.01, the company will begin a grace period of 180 calendar days to maintain a closing bid price of $.01 for ten consecutive trading days;
Use an SEC registered transfer agent and authorize the transfer agent to provide information to OTC Markets about the Company securities, including but not limited to, shares authorized, shares issued and outstanding, and share issuance history.
Officers and directors of the Company are responsible for compliance with the ongoing requirements and the content of all information. Entities that do not meet the requirements of either OTCQX or OTCQB will be quoted on the OTC Pink.
Fees
Newly applying entities must pay an initial application fee of $2,500, which fee is waived for existing OTCQB entities. All OTCQB companies will be required to pay an annual fee of $10,000.
Removal/Suspension from OTCQB
A company may be removed from the OTCQB if, at any time, it fails to meet the eligibility and continued quotation requirements subject to a 30-day notice and opportunity to address them. In addition, OTC Markets Group may remove the company’s securities from trading on OTCQB immediately and at any time, without notice, if OTC Markets Group, upon its sole and absolute discretion, believes the continued inclusion of the company’s securities would impair the reputation or integrity of OTC Markets Group or be detrimental to the interests of investors.
In addition, OTC Markets can temporarily suspend trading on the OTCQB pending investigation or further due diligence review.
A company may voluntarily withdraw from the OTCQB with 24 hours’ notice.
ref: http://www.legalandcompliance.com/securities-law/otc-market-compliance/otc-markets-listing-requirements/otcqb-listing-requirements/
Understanding the SEC Form S-1 $MSTO
SEC Form S-1 is the initial registration form for new securities required by the SEC for public companies that are based in the U.S. Any security that meets the criteria must have an S-1 filing before shares can be listed on a national exchange, such as the New York Stock Exchange. Companies usually file SEC Form S-1 in anticipation of their initial public offering (IPO). Form S-1 requires companies to provide information on the planned use of capital proceeds, detail the current business model and competition and provide a brief prospectus of the planned security itself, offering price methodology and any dilution that will occur to other listed securities.
SEC Form S-1 is also known as the registration statement under the Securities Act of 1933.
Additionally, the SEC requires the disclosure of any material business dealings between the company and its directors and outside counsel. Investors can view S-1 filings online to perform due diligence on new offerings prior to their issue. (ref: https://www.investopedia.com/terms/s/sec-form-s-1.asp)
Form S-1 is an SEC filing used by companies planning on going public to register their securities with the U.S. Securities and Exchange Commission (SEC) as the "registration statement by the Securities Act of 1933". The S-1 contains the basic business and financial information on an issuer with respect to a specific securities offering. Investors may use the prospectus to consider the merits of an offering and make educated investment decisions. A prospectus is one of the main documents used by an investor to research a company prior to an initial public offering (IPO). Other less detailed registration forms, such as Form S-3 may be used for certain registrations.
Every business day, S-1 forms are filed with the SEC's EDGAR filing system, the required filing format of the U.S. Securities and Exchange Commission. However many of these are of the related Form S-1/A, which is used for filing amendments to a previously filed Form S-1.
The S-1 form has an OMB approval number of 3234-0065 and the online form is only 8 pages long. However the simplicity of the form's design is belied by the OMB Office's figure of the estimated average burden – 972.32 hours. This means that much time and effort in preparation of the form is being used to collect and display information about the filer (a corporate registrant or new registrant who intends to offer securities). The S-1 form requires that the registrant provide information from diverse sources and incorporate this information using many rules or regulations, such as General Rules and Regulations under the Securities Act, Regulation C, Regulation S-K and Regulation S-X.
Under the JOBS Act, it has been possible since April 2012 for "emerging growth companies" to file a Form S-1 on a confidential basis, only making the contents public 21 days prior to the road show for the IPO. This quickly became a popular method for even established companies to conduct securities offerings. (ref: https://en.wikipedia.org/wiki/Form_S-1)
$MSTO the Company is restructuring SBQ Holdings, LLC , its real estate subsidiary, from a limited liability company to a ‘C" Corporation to prepare for dividend payments and future S-1 Registration.
BUFORD, GA / ACCESSWIRE / April 5, 2022 / MasterBeat Corporation (OTC PINK:MSTO), a company specializing in hard, tangible asset acquisitions with an intense focus on real estate, collectible classic automobiles, and other tangible assets, is pleased to announce that it will continue to have Malone Bailey conduct its fiscal 2021 audit, under PCAOB Standards, of its financial statements in preparation for up listing to OTCQB and/or fully reporting status with the U.S. Securities and Exchange Commission (SEC). In addition, the Company is restructuring SBQ Holdings, LLC , its real estate subsidiary, from a limited liability company to a ‘C" Corporation to prepare for dividend payments and future S-1 Registration.
Malone Bailey, LLP has completed 2018, 2019, and 2020 fiscal audits already and will commence work on MSTO's PCAOB audit for fiscal year 2021. Based upon their impeccable reputation, 30 Years' experience in the industry, their firm being annually inspected by the Public Company Accounting Oversight Board (PCAOB) and MSTO's existing relationship, the Company will reengage Malone Bailey as its auditor. The Company plans to submit the required Form 10, and Super 8-K, with the SEC ( Securities Exchange Commission ) to become a fully reporting company under Section 12 of the Securities Act of 1933, as amended.
"Upon our audit, restructuring and filings being completed, we will work towards having our company up listed to the OTCQB," stated Josh Tannariello , CEO of MasterBeat Corp. " Malone Bailey LLP will then continue to perform our 10-K audits and 10-Q quarterly disclosures according to PCAOB standards. MasterBeat's goals are to elevate its position in the public market, starting with an up list to the OTCQB. As the Company's financials already meet the U.S. GAAP standards with recent filings, the Company is determined to complete the full audit in a timely manner for up listing to the OTCQB Venture Market Place . This will achieve another corporate milestone in MasterBeat's aggressive but strategic plan."
About PCAOB:
The Public Company Accounting Oversight Board (also known as the PCAOB) is a private-sector, nonprofit corporation created by the Sarbanes-Oxley Act of 2002 to oversee accounting professionals who provide independent audit reports for publicly traded companies. The PCAOB seeks to establish and maintain high quality auditing and related professional practice standards for audits of public companies and other issuers and broker-dealers in support of its mission to protect investors and further the public interest in the preparation of informative, accurate and independent audit reports.
About Malone Bailey:
Founded in 1982, Malone Bailey, LLP is Based in Houston, Texas and with offices in New York , Beijing and Shenzhen , Malone Bailey is an international public accounting firm with deep knowledge and experience in the delivery of SEC audit services to small and mid-cap publicly traded clients with over 140 registrants as clients, including NYSE, NASDAQ and AMEX listed companies. For more information about Malone Bailey, visit www.malonebailey.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
0.0021 0.00005 (2.44%) Volume: 10,544,080
Masterbeat Corporation $MSTO
0.0021 0.00005 (2.44%)
Volume: 10,544,080 @04/04/22 3:46:39 PM EDT
Bid Ask Day's Range
0.002 0.0021 0.0019 - 0.0021