Thank you for the insight into $MSTO. However, just for clarity and as many know CEO Josh took over the company a couple of years back with a toxic lender RSO Eric already bootstrapped. Yes in our humble opinion he should have negotiated the debt for pennies on the dollar and kicked that lender to the curb (opinion).
Unfortunately, as with many new and inexperienced CEOs the toxic money was too good to pass up and the pps hit skid row. In the meantime, as previously noted the books needed to be cleaned up, audits were done, dismal websites were built in haste, additional forward looking statements were made, ghost people were hired, the company was treated like a hammer and nail sole proprietor, Q filing numbers got sloppy, personal residences were taken off the books, properties fell out of escrow on the last day, the initial rental property was sketchy with the appearance of a personal interest, auto subsidiaries were negotiated without validated P/Ls, an auto build was done and kept for personal use, in the meantime CEO Josh is a current out-of-state builder (he lives in GA) with an unknown GC to the stockholders, SHALL we go on and on? We trust one has done their DD and is aware of these items.
The SBQ projections on the website are outlandish and we have asked on many occasions for CEO Josh to take it down. At the outset we highlighted the typos let alone the numbers which seemed senseless. While one mentions the SBQ veil yes CEO Josh pulled that one out of the hat to cover his initial investment into the property after going thru the audit and being told that this is not how one runs a public company (via audit). It is the stockholders who are pot committed and yet he posts a bunch of tweets saying he is the one hanging out to dry. We know that is not true. Nearly every move he has made has been to protect himself and RSO Eric and to some extent rightly so.
An issue for the long terms is the lack of candidness and the slight of hand movement. There are no cheerleaders in the long term core group. They are realist with a calculated chartist fancy for throwing darts at a board which is much the same with the OTC and who have done enough DD to hit a trip 20 once in awhile to close out a game. Make no mistake many here know exactly what they have gotten into, the risk involved, and the potential for loss or gain. We also recognize as the analogy goes, the casinos were not built on the backs of the winners. Thus, while some might suggest the odds are against the potential for success we understand that too.
The Reg offering has its pros and cons which has been discussed many times as well on this forum so please avail oneself to the resources. Overall the core group here is not blind to the antics of CEO Josh and while his thread is getting thin, there is still some hope for a calculated return. Investing in the OTC is a personal choice whether informed or not. Please consider the totality of the effort on this forum to flesh out the good, bad, and ugly as a contributor. New insight and fresh views are always welcomed for the growth of all.
Just to reiterate, the website sucks. Pointing investors in that direction is a waste (opinion). It was built on a pie in the sky "forward looking" dream and now reality has set in. CEO Josh touted his connections with the industry and expectation they would join his effort. Well, reality once again set in and that too has led some astray (opinion). There is more to this story which has intrigued even the novice of investors. It seems almost as though it's a TV melodrama in the works, a "Peyton Place" what have you where the plot can change daily. Please take the time to read thru the prior posts and consider gaining a broader understanding of $MSTO.
One additional note, some of us recognize the flippers on this stock, in fact one might argue they are in every stock to a certain extent. We have indicated to some if one buys 1M shares then for each tick it's a $100 bucks profit to the upside. So when the volume comes in so does the opportunity for all to flip if they so desire. It is not our style but we know it exists and so do the crowds as the stock gets more attention.
Thank you again for the prospective.
Happy trading.
