Masterbeat Corp (MSTO)

[Dr Blunt]

$MSTO PR out - if it does we expect it will look something like this:

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$MSTO under the company affiliate SBQ of which the CEO owns 30% leveraged two lots on Baird Rd for a total of nearly $1 million planning to build two houses side-by-side then found out one of the lots had a "wetland" designation so no house could be built on it. So the lots were combined and the COC is in progress for one (1) house instead. Plans were submitted to the county using an old set slab foundation plan then found out construction on that lot requires FIFTY (50) concrete pilings up to NINE (9) feet deep with nearly 265 yards of dirt being removed and then replaced in the process.

Then the PR will highlight a similar purchase on Gulf Blvd Navarre Beach Santa Rose county in which 17 feet elevation pilings have yet to be installed to the lowest nearest horizontal beam subject to an elevation permit and inspection prior to proceeding. The property has been listed on the local MLS for 331 days so far asking $3.75 million into a soft Florida property market for those types of homes.
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... thus we do not expect any PR other than fluff from the CEO stating the required filings were completed way behind schedule and the audits are hung up due to a REG A filing error he made and will have a difficult time correcting. Otherwise let's get the trading online and watch the hustle. Happy trading.