Masterbeat Corp (MSTO)

[Dr Blunt]

$MSTO has 18 months to bring the company current while it sits in the expert market. At that point it will be de-listed. The clock started 45 days after the last Q was due. The primary reason the company cannot clear an audit is because the numbers just don't add up. CEO Josh for starters has been issuing diluted shares into the retail market place using a toxic lender. In addition, he incorrectly issued REG A stock at the wrong pps value and didn't even bother to correct it. Further, he has hustled the retail traders out of their paycheck with the outlandish self written compensation plan and then did a slight of hand movement on the SBQ 30% heist. Finally, he purchased the Baird property lots 35/36 with wetlands limitations and is trying to sell the overpriced Gulf property into sliding softening RE market. Don't let him say all of this is on his back - he has covered his cash by encumbering the properties.

I could go on...