Masterbeat Corp (MSTO)

[Dr Blunt]

Reach out to CEO Josh and see if he will give you the details beyond a date to "hopefully" have it done. We have discussed what we believe are the issues at hand for $MSTO to get back to pink on countless occasions. Our own companies in the past sat thru lengthy audits and for the most part it boiled down to the money paper trail. That's it. Now if you can imagine issuing wrong REG A shares, funneling off 30% SBQ RE, showing title in the name of a person and not the company, buying two lots (35/36) thinking he is going to build two homes only to find out (lack of DD) he can only build on just 40% of the combined lots, then bought another leveraged land where houses have to be built on stilts in a softening RE market with little way out in clarifying the money trail to the auditors - then that is a formula for an incompetent rookie at the helm. Relentlessly we have pointed out the need for a COO at a minimum who can glue this all together - but it has fallen on deaf ears here and there. Then when we recently chased down the county stipulation errors and pointed it out to them instead of the CEO ~ perhaps you can see past this mess he has created. We have had hate mail over the years for our tough stand on his accountability and now just maybe someone is willing to hear our chatter in the batters box. Just maybe...