Replies to post #4644 on Masterbeat Corp (MSTO)

[common_cents]

stop.

Assets were removed because the company's original focus on Real Estate was negatively impacted by COVID-19.

Company re-focused on Auto re-selling now with a great platform and will return to the real estate space when it makes sense.

Sheesh

CC

[ThoughtsorNot]

I have actually spoken with the CEO it wasn't misrepresented, it was a benefactor to do it the way Malone Bailey instructed him, AZ he stated to me he is no an accountant, and doesn't know all the benefits that Malone Bailey do. Who the hell does our Country's tax laws are crazy..lol

With that said the assets where always there its just when do you want to start paying taxes on them.
Malone Bailey showed him the benefits of doing it and stating it as he did. That's admirable not deception, he's auditing the company and its his 1st pub co.
Id allow him a little Lee way.. he's hiring the right auditors and legal council, I believe he is trying to do the right thing, and be transparent. owning a public company is definitely a learning curve

im glad he has professionals helping him now..even tho ' it's very expensive,, Ibelieve 2021 will see some productivity.. Im hopeful.