Masterbeat Corp (MSTO)

[Dr Blunt]

He made some serious mistakes and left the traders with little to no confidence. Then he wrote his outrageous compensation package, loaded the company with worthless debt, and the final straw at this point was the last filing we noted where he basically told the trader to go pound sand. I took the time to paste his wording/remarks in this forum not too far back. You can read it if needed. When you have a CEO outright say your investment money you worked hard for is no good on the return there is no reason to trade the stock. Since every penny is just thrown out the door. He and RSO Eric have done nothing for the stockholder except bankrupt them. Do some DD and you will see this is not their first rodeo. Yes, there are several (in fact a whole bunch) of things he could do but will not. We could run a laundry list a mile long he could do to turn the company around but hey, he used $MSTO and the stockholders. Go look at the debt he dumped in the company. The story is a mile long. I watch this to teach some of the family circle what to look for when dealing with less than forthright company management. They are still learning the monkey business of market trading.