Masterbeat Corp (MSTO)

[ThoughtsorNot]

I've, been waiting to comment on everything. I don't always like what MrT does but im invested in this company, so I'm gunna give him the benefit. I've noticed back in Jan. in a Press Release the company put out, one of their goal was to file a Reg A. in 2021. and they did. Don't know why it surprised everyone, they said they were going to do it.. Josh has finally secured "construction loans",
if the Reg A, which again just my opinion, is used for Land Acquisitions , well than it isn't so bad. The company press releases stated the land Acquisitions cost range from $365k (Navarre Property)
(Santa Rosa) for $400k. and build cost of $1.4m . So all in at $1.8m
Selling for, well, ok "listed" for $4.25m. Appraised at $3.3m.
Anyone in Real Estate knows appraisal prices are usually low cause it's what banks use to judge loans.
Even if they sell at $3.3m. That $1.5m profit per property.
So if he uses Reg A to acquire land.
for every $400k in land purchases, if that's his requirement for the construction loan, that would mean for every $400k, he adds $3,3m in appraised asset value. Thats 8 times. Now these are rough numbers, but not far off. I went his high price on land purchase and his appraised price on sale. If it sells for $4m or more, well even better.
I really hope thats the plan, I know he mentioned bringing in qualified bod members, no real reason to do that if he can't raise the funds needed to execute the business plan, so I don't see the funding a bad thing, just another means to execute plan. Yes dilutive, but not toxic. Like I always say, I guess we will see.
Again JMHO,
BEST LUCK TO ALL