Masterbeat Corp (MSTO)

[Dr Blunt]

$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.