Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
0.0003 0.00 (0.00%) Volume: 0
$MSTO
Masterbeat Corporation (CE)
0.0003 0.00 (0.00%) Volume: 159,520
$MSTO
Masterbeat Corporation (CE)
Day Range: 0.0003 - 0.0003
Last Trade Time: 10:24:16 AM EDT
0.0005 0.00 (0.00%) Volume: 0
$MSTO
Masterbeat Corporation (CE)
Thanks for the positive $MSTO vibes. But we're not going anywhere near PINK until CEO Josh chases down an attorney unless of course you have an inside scoop on that? We still show none yet. https://www.otcmarkets.com/stock/MSTO/security
Remember IF he had completed the audits we could have slid around that - but that is par for the course ... "Attorney letters are required for a company to qualify for OTC Pink Current Information if that company does not submit audited financial statements prepared in accordance with U.S. GAAP and audited by a PCAOB qualified auditor."
0.0005 0.00 (0.00%) Volume: 0
$MSTO
Masterbeat Corporation (CE)
0.0005 0.00 (0.00%) Volume: 0
$MSTO
Masterbeat Corporation (CE)
0.0005 0.00 (0.00%) Volume: 3,000,000
$MSTO
Masterbeat Corporation (CE)
Day Range: 0.0005 - 0.0005
Last Trade Time: 3:45:29 PM EDT
$MSTO another filing uploaded - Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines
Masterbeat Corporation
5178 Stefan Ridge Way
Buford, GA 30519
_______________________________
(561) 489-1503
info@masterbeatcorp.com
SIC Code: 6719
Quarterly Report
For the Period Ending: December 31, 2022
(the “Reporting Period”)
Per the recent $MSTO annual filing: On July 20, 2021, the Company purchased a real estate property at Baird Road, Santa Rosa Beach, FL 32459 for $965,765.50. The Company assumed a 12 month interest only mortgage in the amount of $374,000. This July will be two years the company has been paying on those two properties (interest only). A reminder for the most part CEO Josh can only build on one of the two properties purchased (wetlands is on the other). While the build is plugging along it's gonna take more than 6 months to build because of the restrictions. In addition to leveraging these two properties into one the recent filing indicates there is now a $230,000 SBA loan on it too. (Economic Injury Disaster Loan) well I should say there is a SBA sitting on Gulf or Baird or both.
Full Property Details
for Lot 35 Baird Rd
GENERAL
Sold For: $475,000
Taxes: $2,210 (2020)
Status: Closed
Type: Vacant Land
MLS ID: 873406
Added: 665 day(s) ago
Full Property Details
for Lot 36 Baird Rd
GENERAL
Sold For: $475,000
Taxes: $2,210 (2020)
Status: Closed
Type: Vacant Land
MLS ID: 873411
Added: 665 day(s) ago
0.0005 0.00 (0.00%) Volume: 2,300,000
$MSTO
Masterbeat Corporation (CE)
Day Range: 0.0005 - 0.0005
Last Trade Time: 3:55:03 PM EDT
CEO Josh went in with a 50/50 partnership with the LLC. They owned the property it appears he agreed to build on it and work a split. (op ed)The issue comes up with him double dipping on the balance of the split. That is, he had a grab fest of 30% on SBQ (that's flat out crooked and we called him out on that to no avail) then he self administered an outlandished compensation plan while stacking the balance sheet, loaded a covid relief debt (keep in mind he hustled a similar one on his ECO stone company) then slipped those same employees over to $MSTO - RSO Eric stuck his big fat nose back in the pot after CEO Josh suggested he was dumping that PED on top of that he misstated the REG A stock price in violation of that filing and the list goes on. At some point there will an unhappy camper who drops a dime on his antics and pesters the SEC to look into his shenanigans. Until then if we can get to pink limited the dump fest will be in full swing. Do some DD on RSO Eric and CEO Josh prior connections and you will get a taste of his overcooked dealings.
This is what $MSTO FUZZY math looks like...
March 18, 2022 Press Release
BUFORD, GA / ACCESSWIRE / March 18, 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 the sale of 183 Rolling Dunes for $4.25 Million is expected to close the first week of May. The land acquisition and construction costs for this property are $1.85 Million ($1,850,000) which realizes a $2.4 Million ($2,400,000) gross profit.
Here is what CEO Josh really meant:
Page 17 of the recent 03/29/2023 Quarterly Report - Year End 2022
On July 7, 2022 the company sold a real estate property at 183 Rolling Dunes Drive, Santa Rosa Beach, FL 32459. The Company sold the property for $2,150,000.
We are still reviewing the $MSTO 03/29/2023 dated filing Quarterly Report - Year End 2022 - however, we have spoken to the specific issue several times in the past but briefly just to get others up to speed ~ if you look back at the property title and the previous PRs CEO Josh had said the build(s) are in partnership with other investors outside of $MSTO and SBQ.
$MSTO owned a 50/50 stake in the property with an unrelated family LLC. Thus, in calculating the basic numbers it would go 100 / 2 = 50 then 50 / a 70-30 split (CEO Josh taking a whopping 30%) the balance sitting on the books. Again, we are still reviewing the FUZZY math as "expected". You have to keep in mind the whole deal was built on RSO Eric the toxic lender shafting the retail trader at $.0001 then somehow on the back end CEO Josh paying his 6 employees (no clue who they are) plus the self written compensation package which is a ripoff. WE knew the $4.2 was an abuse of the 21E but CEO Josh takes great latitude in doing so. Over the next few days we will pour over it and offer some perspectives without rose colored glasses.
0.0003 0.00 (0.00%) Volume: 0
$MSTO
Masterbeat Corporation (CE)
0.0003 0.00 (0.00%) Volume: 0
$MSTO
Masterbeat Corporation (CE)
0.0003 0.00 (0.00%) Volume: 2,719,975
$MSTO
Masterbeat Corporation (CE)
Day Range: 0.0003 - 0.0003
Last Trade Time: 10:39:57 AM EDT
0.0003 0.00 (0.00%) Volume: 28,500
$MSTO
Masterbeat Corporation (CE)
Day Range: 0.0003 - 0.0003
Last Trade Time: 2:29:14 PM EDT
0.0003 0.00 (0.00%) Volume: 0
$MSTO
Masterbeat Corporation (CE)
0.0003 0.00 (0.00%) Volume: 4,205,000
$MSTO
Masterbeat Corporation (CE)
Day Range: 0.0003 - 0.0003
Last Trade Time: 3:09:50 PM EDT
Hmm if you have read the history of $MSTO then you know it was acquired and at this point it isn't worth changing. CEO Josh is still looking for direction and besides he is setting up for a SBQ spin off anyway...
0.0003 0.00 (0.00%) Volume: 0
$MSTO
Masterbeat Corporation (CE)
0.0003 0.00 (0.00%) Volume: 2,500,000
$MSTO
Masterbeat Corporation (CE)
Day Range: 0.0003 - 0.0003
Last Trade Time: 12:18:30 PM EDT
0.0003 0.00 (0.00%) Volume: 572,388
$MSTO
Masterbeat Corporation (CE)
Day Range: 0.0003 - 0.0003
Last Trade Time: 12:57:29 PM EDT
0.0003 0.00 (0.00%) Volume: 648,112
$MSTO
Masterbeat Corporation (CE)
Day Range: 0.0003 - 0.0003
Last Trade Time: 1:53:05 PM EDT
0.0003 0.0001 (50.00%) Volume: 1,032,388
$MSTO
Masterbeat Corporation (CE)
Day Range: 0.0002 - 0.0003
Last Trade Time: 2:07:15 PM EST
Canadian stock and other inside traders for the most part with access to the limited markets. $25K assets min requirement among a few other items. Put US traders at a clear disadvantage pushing the gap up or down.
$MSTO Verified Profile Removed - Dark or Defunct Added. Of all the forms CEO Josh has to file on behalf of the company the Verified Profile is probably one of the easiest to update. "This badge tells investors that the company’s profile data, such as executive leadership information and service providers, was verified by the company within the previous six months. The badge is accompanied by the date it was verified.
OTCQX and OTCQB companies are required to maintain a Verified Profile. Pink companies may choose to do so
These badges are meant to highlight which OTC Markets-traded companies are being the most transparent with investors and are the result of continued efforts by OTC Markets to bring more transparency to its public markets. And while they can only show whether a company is currently being transparent—and not, for example, whether it’s been transparent in the past or if it will make a good investment—they are a helpful place for investors interested in OTC Markets-traded securities to start."
0.0002 0.00 (0.00%) Volume: 20,000
$MSTO
Masterbeat Corporation (CE)
Day Range: 0.0002 - 0.0002
Last Trade Time: 9:30:00 AM EST
It means we are one step closer than before. Just one. Hopefully the $MSTO audit money was for the current report 2021 and not the last ones he may have owed. Also keep in mind CEO Josh PR April 05, 2022 nearly a year ago and noted below had come to a screaming halt. We remain guarded and pessimistic at best. We have watched this stock for a long time and CEO Josh is still over his head. Let's wait for the Q filing to come out, see where the money went, who the qualified buyers were, how much he gave to RSO Eric (old toxic lender), all the while keeping an eye on the slow build process with little to no information from CEO Josh.
BUFORD, GA / ACCESSWIRE / April 5, 2022 /
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."
The $MSTO 1Z Form shows the amount of securities sold in the offering as 350,000,000 at $.001 and that is a premium price considering CEO Josh had been practically giving the shares away to the previous toxic note holder RSO Eric. I would venture to say again who ever is the qualified buyer(s) in this offering should have some insight into the value of the two builds. The Q filing will shed some light on the transactions. It has been quite an interesting conversation here speculating on why the qualified buyer(s) would put the money out based on the dismal performance of the stock over the past 3 years and the lack of build process. In addition we cannot image they would give CEO Josh free reign of the proceeds without some check and balance behind the scenes. Perhaps the closed REG A offering may have a rainbow effect down the road in that those people involved in the REG A transaction will bring depth to the management style that is lacking for this company.
$MSTO stockholders were put on the short end of the Baird Rd purchase when CEO Josh leveraged the two lots without doing an extensive DD only to find out after the fact he could not build on one of the lots due to wetland restrictions. This is and has been one outrageous blunder. Fortunately, the company has crossed that bridge and the permits have been slowly rolling in. Perhaps some of the funding will clear the loose ends.
End the end CEO Josh has to get $MSTO pink for the sake of the stockholders. Does he need that to happen - not really. But we still believe what is ever left over after everyone in the cookie jar grabs their cash - there should be some left in the $MSTO bank.
0.0002 0.00 (0.00%) Volume: ZERO
$MSTO
Masterbeat Corporation (CE)
The $MSTO 1Z exit form. It is a standard exit form used to close out the REG A filing.
Issuer: Masterbeat Corp.
Securities offered:
A maximum of 1,000,000,000 shares of our common stock, par value $0.0001 (“Common Stock”) at an offering price of $0.0005 to $0.01 per share (the “Offered Shares”). (See “Distribution.”), for a total offering of $10,000,000.00- Then corrected to read: The offering price will be $0.001. 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).
On Feb 13, 2023 we sent CEO Josh a reminder - although he probably already knew he had to file the 1Z Exit form to close the REG A offering and disclose the proceeds. He has done that filing as of today. It doesn't say who gave him the money for the shares as that will show on the Q filing. However he used some of the funds to pay the attorney for the REG A filing and the auditor (past or current fees who knows... ).
The portion of aggregate sales attributable to securities sold on behalf of selling security holders: $ 350000.00
Fees in connection with this offering and names of service providers.
Underwriters - Name of Service Provider Underwriters - Fees $
Sales Commissions - Name of Service Provider Sales Commissions - Fee
$
Finders' Fees - Name of Service Provider Finders' Fees - Fees $
Accounting or Audit - Name of Service Provider
Malone Bailey Accounting or Audit - Fees $ 50000.00
Legal - Name of Service Provider Donnel Saurez Legal - Fees $ 40000.00
Promoters - Name of Service Provider Promoters - Fees $
Blue Sky Compliance - Name of Service Provider N/A
Blue Sky Compliance - Fees $ 2500.00
CRD Number of any broker or dealer listed
Net proceeds to the issuer $ 257500.00
0.0002 0.00 (0.00%) Volume: 1,000,000
$MSTO
Masterbeat Corporation (CE)
Day Range: 0.0002 - 0.0002
Last Trade Time: 2:51:17 PM EST
0.0002 0.00 (0.00%) Volume: 5,012,042
$MSTO
Masterbeat Corporation (CE)
Day Range: 0.0002 - 0.0002
Last Trade Time: 12:18:39 PM EST
0.0002 0.00 (0.00%) Volume: ZERO
$MSTO
Masterbeat Corporation (CE)
0.0002 -0.0001 (-33.33%) Volume: 576,900
$MSTO
Masterbeat Corporation (CE)
Day Range: 0.0002 - 0.0002
Last Trade Time: 3:55:19 PM EST