Replies to post #10307 on Masterbeat Corp (MSTO)

[Dr Blunt]

...and finally the $MSTO CEO Josh stockholder kick in the teeth

CONSOLIDATIONS
Masterbeat Corporation owns 70% of its subsidiary SBQ, LLC. The remaining 30% is owned by its current Chief Executive Officer.

As noted on many occasions CEO Josh claimed the company was riding on his back when in fact it is the $MSTO retail trader who has financially suffered because he has failed to perform according to his own self written compensation agreement.

All we have asked is for transparency as reasonable as possible and still CEO Josh has remained silent. We have posted consistently the status of the COCs and the financial condition of the company from a retailers perspective. If it is incorrect then please with all due respect correct us with the facts. Let's do a Q&A - oh boy do we have a bunch of questions to ask...

[mc67]

He had some good connections in construction .. imagine they've distanced themselves.. unbelievable .. hitting the Golden goose over the head w/a 2x4 .. STUPID !!!

[Dr Blunt]

You realize $MSTO CEO Josh has violated his own self written employment contract... he has not maintained his exclusive relationship of employment with the company.

CEO Josh - Performance Requirements

1.4 Exclusive Employment; Non-Competition. Employee agrees that his employment hereunder is on an exclusive basis, and that as long as Employee is employed by the Company, Employee will not engage in any other business activity which is in conflict with Employee's duties and obligations hereunder.

[Dr Blunt]

CEO Josh has not kept the terms of his employment agreement in allowing $MSTO (the "Company") to enter the Expert Market.

1.1 Employment. During the Employment Term (as defined below), the Company hires Employee to perform such services as the Company may from time to time reasonably request consistent with Employee's position with the Company (as set forth in Section 1.1 and 1.5 hereof) and Employee's stature and experience as an Executive Officer (the "Services"). The Services and authority of Employee shall include, but not necessarily be limited to, management and supervision of (A) the general accounting, reporting, financial management and regulatory compliance of the Company,

[Dr Blunt]

It doesn't take long to realize $MSTO CEO Josh has not taken his employment agreement serious enough to protect his retail stockholders. In fact, his willful misconduct as the company Executive Officer has placed the "Company" in substantial material danger of losing its' listing on the exchange.

4. Termination for Cause by the Company:
4.1 Cause. Reasons and process for termination for Cause. Executive may be terminated from employment with "Cause." For purposes of this Agreement, the term "Cause" shall mean:

Gross negligence or willful misconduct in the performance of duties to the Company that has resulted or is likely to result in substantial and material damage to the Company,