On Tuesday, Masterbeat Corporation (OTCMKTS:MSTO) seemed to have come back into attention of investors after the company made a key announcement. The company, which is involved in acquisition of tangible assets like real estate, antique cars, precious metals and others, announced yesterday that it commenced the construction of its first property at the Florida Panhandle Vacation Style Properties located in Santa Rosa Beach in Florida.
The news came as a major boost for the Masterbeat stock and it jumped by as much as 10% as a consequence. It goes without saying that it is a major development for the company as it seeks to construct many new properties at the same location.
In order to complete this ambitious project, Masterbeat has purchased as many as four parcels of land so far. The property that is being constructed is the first of the many vacation properties with an area of 5000 square foot that Masterbeat plans to build.
The property is going to have as many as 9 bedrooms and 9 bathrooms, rooftop deck, fire pit and hot tub among other luxury amenities. It now remains to be seen if the stock can continue to add to its gains today. Investors could do well to keep an eye on the stock this morning.
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