A Florida-based micro cap just announced that it has completed a land purchase in Santa Rosa Beach and plans to construct a four-story, eight-bedroom, five-thousand-square-foot asset utilizing traditional bank financing. Shares of MasterBeat Corporation (OTCPK:MSTO) saw its shares soar following the announcement.
MasterBeat, incorporated under the laws of Delaware, is a publicly-traded company specializing in hard, tangible asset acquisitions with an intense focus on real estate, precious metals, and other tangible assets.
The company believes its progressive approach to an old school model, especially in this market based on fragile earnings multiples and uncertainty, to acquire hard, tangible assets will not only offer long term capital appreciation but also deliver revenues, profits, and self-sustainability.
Traders were bullish on the news as shares ripped up to $0.0168/share (+66.33%) at the session high. This move is a breath of fresh air for investors that have been holding since the pullback after the stock found success earlier this month.
