Wednesday, March 29, 2023 10:41:12 PM
$MSTO owned a 50/50 stake in the property with an unrelated family LLC. Thus, in calculating the basic numbers it would go 100 / 2 = 50 then 50 / a 70-30 split (CEO Josh taking a whopping 30%) the balance sitting on the books. Again, we are still reviewing the FUZZY math as "expected". You have to keep in mind the whole deal was built on RSO Eric the toxic lender shafting the retail trader at $.0001 then somehow on the back end CEO Josh paying his 6 employees (no clue who they are) plus the self written compensation package which is a ripoff. WE knew the $4.2 was an abuse of the 21E but CEO Josh takes great latitude in doing so. Over the next few days we will pour over it and offer some perspectives without rose colored glasses.
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