MasterBeat Corporation (OTCMKTS:MSTO) Stock Falls After Corporate Update

Publicly traded company specializing in hard and tangible asset acquisitions, MasterBeat Corporation (OTCMKTS:MSTO) through its subsidiary SBQ Holdings, LLC, which was established for acquiring and developing short-term vacation and rental homes, announced regaining the Pink Current status on OTC markets.

Trading Data

On Thursday, MSTO stock moved down 20% to $0.0004 with 47.24 million shares, compared to its average volume 5.11 million shares. The stock moved within a range of $0.0003 – 0.0005 after opening trade at $0.0005.

MasterBeat Corporation Provides Corporate Update

The company also confirmed the process of filing Form 211 for getting back to solicited quote status. Malone Bailey is working on 2021 financials and plans to get 2022 audits done as well. There has been progress on Santa Rosa and Navarre properties with expected completion in November 2023.

Masterbeat’s aim is to prove business models in the Automotive and Real Estate industries. The company’s pilot real estate project, which commenced in 2019/2020, aimed at generating profitability, revenues,asset appreciation as well as self-sustainability. The pilot project, such as the purchase of Verano Palace property for $1.1 million and short-term rental has proven to be successful. The company said that it was able to rent the property and was eventually sold for $1.4 million.

The increasingpopularity of short-term rental platforms such as HomeAway, Airbnb, Flipkey, and Hilton Hotel & Resorts has led to significant demand and the company is anticipating double-digit growth inthe next five years.

Josh Tannariello said that the company is confident on restructuring its business model and focusing on the Real Estate sector as it aims to create better business relationships in the financial industry. He added that it will enable to raise the capital for growth with an ambitious land acquisition plan.