Thanks for the feedback as an alternative perspective on the property ownership. We couldn't find any legal document showing there was a joint venture - if possible point us to the 04-21-21 PR/doc so we can take another poke at it.
Keep in mind CEO Josh stated: February of 2021, SBQ announced the acquisition and purchase of a parcel of land. Yet $MSTO SBQ didn't own an ounce of dirt on that land. Thus, without hashing our original post - CAMACHO MATTHEW & MICHELLE (H&W) were the sole owners of the property at 183 Rolling Dunes, Santa Rosa Beach, Florida who took title of the vacant property lot Feb 09, 2021 (last year). At that time MSTO SBQ was nowhere to be found. Granted it appears at "this point" $MSTO SBQ is 50% owner of the "land". Are we 50% owner of the build? or 100%. or 50% -minus the 30% of CEO Josh ownership in SBQ. Does that leave us with 20% net of the 50%?
Even still, while we take the position CEO Josh has been less than candid about this transaction - Not once to our recollection has he mentioned MATMICHCAM LLC nor was there any inclination otherwise. Although we have know about this transaction for some time, CEO Josh has placed the stockholders in a precarious position as we have noted on many occasions.
As exampled in releasing a gateway of unrestricted stock sold into the retail market. Changing his ownership of SBQ to a 30% take. Stating his redemption rate for his Preferred A is $1 buck (places value on his stock if BK). We are hoping CEO Josh will offer up a reasonable explanation for publishing PRs which appear to be skewed or even worse.
While 'we' in the English language tends to be all inclusive it still has limitations based on the context of the submission. Even basic 101 Gen Eds know that. He has around 4-6 weeks to finish this first build. We trust there will be very few surprises on the gross vs. net revenue. But as we see it the players are coming out of the woodwork grabbing a stake of the pie and there may not be much left on the bone for the retail investor.
Again thanks for the alternative perspective but CEO Josh has just about worn out his forward thinking spins. Happy Trading.
