Masterbeat Corp (MSTO)

[Dr Blunt]

It is good to read $MSTO CEO Josh gently worked the stockholders on the obvious status as we have been updating the progress of the two builds on a consistent basis. In addition, he was up front about the pie in the sky JTEC efforts going no where. Although our heart goes out to JTEC John as he seemed like a sincere young hard working mechanic trying to make ends meet but got hustled out on some dream cake proposal. Ok that is in the past now. Let's move on.

The builds are slowly working their way thru the county permit system, one step forward two steps back. It's the nature of the beast. The GC on the projects is good so that will help. CEO Josh will be expecting RSO Eric to sell his $.0001 in what looks like a $.0004 for the moment so the retail pocket grab will get a little stingy too if the retailers are willing to hold tight.

Finally, he is VERY optimistic in suggesting the builds will be done this year. We do not see that happening but would dig a Christmas surprise. As stated the $MSTO stockholders will not see much revenue from the Baird COC once completed as there is just too much debt related to that property. It would be nice to get a buyer even at a reduced offer on the Gulf COC just so there was some cash flow.

Anyway the PR was toned down and that was good.