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The real problem for you longs is that it is impossible to argue with facts from the filings. I called it right when it traded at its 52 week high back in November 2023. The same story for years about a trading platform that isn't allowed to operate isn't working anymore. Maybe the SEC is finally asking questions about Joe's 2024 infomercials pumping this story without a disclaimer that what he is selling isn't a viable product. I would like to see a shareholder class action about Joe's October 2023 monopoly claim and subsequent infomercial claims. Blackstar can't afford more lawsuits and litigants are likely to get nothing because Blackstar essentially has nothing. Joe should get hit personally for any potential SEC penalties, not Blackstar. This company and story is bankrupt in my opinion. Once they start converting again this will eventually be back to the very low trips again. I called it right when it traded at its 52 week high
Bubae
Re: None
Monday, April 15, 2024 9:11:48 AM
Post# 13005 of 13417
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174237993&txt2find=anywhere
Re: AKATITUS post# 3859
Monday, November 27, 2023 12:01:19 AM
Post# 3862 of 14310
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173298613
If this stock was going up or running infomercials, there would be big participation. But most people know it's on life support, so there's not much to talk about.
All good here. You littered the board so bad nobody wants to participate. Your like a broken record.
It has been a week, someone needs to check on marc. 😆 Need to check on CEO Joe as well. I have been expecting another round of promotional podcasts since the end of June to move those shares that went restricted at the end of December to pay bills. Those bills are the least of Joe's problems. Two notes that went into default more than two years ago are not able to convert due to SEC action against the lenders and the accrued fees from the lawsuit are getting to the level of impressive. You have to wonder how these attorneys believe they will ever get paid. Joe's family of patents which is basically worthless promotional material from which to sell shares isn't working anymore.
Bubae
Re: None
Thursday, August 22, 2024 9:01:46 AM
Post# 14263 of 14307
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174965606&txt2find=payables
Re: burner67 post# 14272
Tuesday, August 27, 2024 6:07:26 PM
Post# 14273 of 14307
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174995351
Trading garbage in hopes and dreams
Creepy that guy is
You said you were going to keep this out of the teens Marc
This is old news. Rinse and Repeat.
Link to the January 16th video with Joseph Kurczodyna, CEO of BlackStar in post #12668 below. He comments that tokenized securities were already being traded n a block chain.
Bubae
Re: Joe DiMaggio post# 12658
Monday, April 01, 2024 10:43:53 AM
Post# 12668 of 14301
The INX Digital Company INC | April 8, 2024
https://www.inx.co/learn/beginners/tokenized-stocks-the-future-of-stock-trading/#:~:text=A%20tokenized%20stock%20is%20a,versions%20of%20well%2Dknown%20companies.
That little commercial was posted on YouTube on August 13th along with a press release on the same date and there is nothing new in either. I talked about that press release in Post# 14247 which has links to the information going back four years. Four years Joe has been selling this same story. 🙄 He has bills to pay with the registered shares that vested at the end of June. Doesn't look like he will be able to move that paper even though it is priced at $0.001 and $0.00065. 😆 The cash burn on the legal fees continue. Tokenization and trading of all real world assets is what is happening. Private investors of the DTCC didn't spend $50 million on a tokenization solution company for no reason. Tokenized trading on a block chain.
Bubae
Re: None
Thursday, August 15, 2024 8:37:21 PM
Post# 14247 of 14301
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174931042&txt2find=SEC%2Bapproval
Re: Short Squeeze post# 14212
Monday, August 05, 2024 7:46:51 PM
Post# 14216 of 14232
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174870430&txt2find=tokenization
AWESOME little summary on BEGI ! ! !
Not a peep out of Blackstar for quite some time. What's going on?
You are welcome. Rare that anyone on these boards appreciated real due diligence. The good news about the SEC canceling the conversion rights for SE Holdings and Adar Alef notes with a balance of $584,079 is that they won't be dumping that on shareholders. This is bad news for Joe and Blackstar. My hope is that the SEC is also going after GS Capital for the same reason. GS Capital dumped the 257 million priced at the ridiculous price of $0.00006 in Q1 after Blackstar lost its legal appeal to extend the stay on the conversions. Diagonal lending is another who converted 698 million shares at $0.00017 a share prior to the highly promoted runup to a penny in November 2023. My post below tracking those Diagonal Lending conversions with the assumption that they were observing the holding period for unregistered share conversions. What we later learned was that they were not which is a trading violation that the SEC has been prosecuting these lenders for. They must have had a heads up prior in my opinion because the stock traded as low as $0.0001 just days prior to the October patent news when Blackstar claimed to have a monopoly on securities traded on a blockchain platform. I also hope the SEC brings action for false Blackstar for statements like this many others in the podcasts with no disclaimer that the trading platform is not allowed to operate. Especially considering that the misinformation campaign was to support those share conversions.
Bubae
Re: Phyxius post# 14011
Monday, June 10, 2024 8:18:27 PM
Post# 14012 of 14298
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174577166&txt2find=Capital%2B%20shares
Bubae
Re: None
Saturday, December 23, 2023 10:12:19 AM
Post# 7962 of 14298
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173492266
Update on the rollout of the 698 million shares converted at $0.00017...
So either these two toxic lenders are not observing the holding periods and courting attention from the SEC or this ticker is about to get hammered in Q1 2024 in my informed opinion. Notice in the charts that the conversion value entered is based on the par value ($0.001) of the stock and not the actual conversion price. Next up are the offerings and others, we are just getting started!
Bubae
Re: The Whale post# 6742
Tuesday, December 12, 2023 9:28:06 AM
Post# 6750 of 14298
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173409674
[t]Interesting how the narrative changes from one press release to another when the debt conversions are ready. They disclosed that the current SEC regulatory rules render the patent useless in March then say nothing about it in October where he claims to have a 20 year monopoly. I would say if pressed on the monopoly comment he would say the context for the word would be that they are the only company doing it. I believe there are good reasons for being alone in this space. The regulatory issues are one and the product is dependent on existing broker / dealers. Would they even be interested in licensing it. There is a reason these toxic note holders conversions doubled the outstanding share count with conversions priced at an average of $0.00017. They conduct actual due diligence.[/t]
My guess is you're trying to be a smart as*, but if you're really interested, DTCC acquired Securrency in 2023. I'm sure both have multiple patents you can find.
Cool! What patents to they have?
Are you aware there’s a company that’s miles ahead of Blackstar on this?
I choose to be a big shot in BEGI because I believe we will prevail in our NV Supreme Court case and that markets will begin to adopt blockchain technology in equities exchange trading.
Marc wants people to know he's a big shot 😆
As always Marc, you are a legend in your own mind. 😆 How much are you down on this trash now? Your post below when this was trading above a penny.
Savannah-Marc
Re: ice trader post# 4303
Wednesday, November 29, 2023 10:33:21 PM
Post# 4442 of 14004
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173325037
PLEASE BASH BEGI MORE, IT ONLY SHOWS THAT YOU'RE HERE AND WITH AN AGENDA!!!!!
Yes. I think we're going to have to estimate for how long and how high the squeeze / forced buying will be. The biggest financial decision of my life was guessing the top of the MMAT short squeeze. It is no easy feat!
So in other words for everyone, suggestion would be; don't set sell limits.
You've said that many times about your shares. A couple months ago you also said that you have deep pockets and you'll keep this out of the teens. Nothing you say ever happens. Nothing.
Aggravated stalking lolol. BTW, it's 'your', not you're. HS education
GS Capital would have to buy up to 20% of Blackstar's shares off the OTC market if they settle or incur a judgement against them according to the briefs. All I can say is that MY SHARES WILL NOT BE CHEAP HAHAHA!!!
You and Bubae on here have gone way beyond stock bashing and more like entered into aggrevated stalking of this company at this point. You're post history is scary.
Aww, is your company GS capital going to loose . . . .
Blackstar might win but they still have no SEC approval, no working product, no subscriptions, no income and bleeding cash. Not the qualities most people look for in a company.
Court granted "joint motion for extension of time" on 08/29/2024.
I believe this joint motion was filed as a result of ongoing settlement talks. This amount of time would not be required to litigate a simple disagreement over a contract in my opinion. Blackstar is going to win!!!!!!!
Possibly but my guess he’s just a run-of-the-mill boiler room pumper based on his presence across several boards. Most CD folks don’t get their hands dirty slumming on this board but do have proxies to carry out their dirty work.
Could it be the guy that owns a significant amount of the float is one of the 'unrelated individuals' that is lending BEGI money? Hmmm...
New outstanding share count update as of yesterday once again backdated this time to August 23rd. We have a 17 million share increase. The registered share count also increased by the same amount of 17 million. However the unregistered shares count increased by 68,424,833 shares. Again, the OTC site shares count details for this stock is suspect and that number could not be correct. The number for the float still shows 1.6 billion shares and has been wrong since I have been following this stock with each update of that number. The OS for November 1st 2023 was 1.2 billion shares.
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
Page 1
As of November 1, 2023, there were 1,244,572,435 shares of the registrant’s common stock, $0.001 par value, issued and outstanding,...
I’m skeptical, neither bearish, nor bullish and stuck with a load of shares with a cb around .0025. I may buy some more to bring down my cb. It’s quiet now, maybe that means some bombastic PR is on the way. Or maybe BEGI goes dark as you suggest. I don’t have enough of a stake to really care unlike “Mr. I Own a Significant Amount of the Float” (snickering).
I do legit think BEGI could soar as a patent troll but that sure isn’t a solid business plan.
I think we all know who the main pumper is. I read his posts on other boards and it's the same playbook. Great things about to happen 'soon'.
I read them but I'm bearish. All the bulls here only hear trading stocks using blockchain and patents.
The patent was issued the end of November. It's now end of August. Nine months. Not only is the technology not up and running, there is no interest from anyone in an acquisition. If there was, Joe would be doing another infomercial talking about it. My guess is this company goes dormant in the next 12 months.
Gotta say that’s some quality DD on a company that doesn’t deserve such an effort. Anyone buying BEGI is well aware it’s a share selling outfit with a few tenuous patents and loads of specious claims.
Regardless, you dedicate far too much time to BEGI and your messages fall on deaf ears. The main pumper here is a notorious shill who plagues numerous iHub boards. Just seeing their name means the stock is a sham.
But keep on keeping on. You do you even though nobody takes the time to read all you citations.
Joe better hope that the long-standing business associates, friends, and employees are willing to continue to dig into their pockets. Can he convince them that sales, subscriptions or an acquisition are imminent?
Institutional lenders are done with Blackstar from what I see. The SEC busted "...the managing member of SE Holdings, LLC, individually, and Adar Alef, LLC..." for unregistered dealer activity. Blackstar handed over the 62 million shares @ $0.0002167a share to Adar Alef in November 2023 while the stock was on its way to a penny. This while they denied GS Capitals conversion requests that were made on November 2nd which triggered the costly lawsuit. That was dumpage of unregistered shares and they would have made small fortune on those cheap conversions.
Now those two SE Holdings and Adar Alef notes with a balance of $584,079 are no longer convertible. These lenders are pretty much screwed because Blackstar really has nothing tangible worth going after in court other than super cheap shares like GS Capital received. If by some miracle Joe begins to generate any revenue from his ideas they cash will go to debt holders, legal fees, and legal settlements from what I see. 😆
For the quarterly period ended June 30, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000098/begi-20240630.htm
Page 12
NOTE 7 – CONVERTIBLE NOTES (continued)
On January 23, 2024, the managing member of SE Holdings, LLC, individually, and Adar Alef, LLC, also managed by the same individual, as the entity, settled charges with the SEC ordering them, in part, to surrender for cancellation all remaining shares of the Company they obtained through conversion of notes, as well as conversion rights under any remaining convertible notes. The Company is evaluating what this means for the remaining outstanding conversion rights under the two convertible promissory notes held by SE Holdings, LLC ($220,000) and Adar Alef, LLC (original face amount of $550,000), and for the current holdings of Adar Alef, LLC (5,000,000 shares of common stock of BlackStar). The Company is of the opinion that the notes are no longer convertible and are classified as ordinary debt.
Aryeh Goldstein, Adar Bays, LLC, and Adar Alef, LLC
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 25930 / January 23, 2024
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25930
The parties have agreed to settle the charges. Among other relief, Goldstein and his entities agreed to pay $1.25 million in monetary relief and to surrender or cancel all remaining shares of public companies allegedly obtained from their unregistered dealer activity.
Bubae
Re: None
Saturday, May 04, 2024 6:02:41 PM
Post# 13663 of 14272
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174358707&txt2find=November%2BAdar
Bubae
Re: None
Sunday, July 28, 2024 8:00:11 AM
Post# 14188 of 14272
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174823523&txt2find=friends%2Bassociates
[color=red]Blackstar isn't attracting ay real investors which speaks to the lack of potential for what they have been trying to do for years.. Blackstar has been reduced to borrowing from what the company describes as "...long-standing business associates, friends, and employees...." in their filings. To pay these people back he CEO will need to con OTC retail into buying that paper. On the other hand the DTCC has invested $50 million in an acquisition of the tokenization solution company Securrency for trading all real world assets on a blockchain.[/color]
'obscene and criminal usury lending practices'...Well...don't borrow from high interest rate lenders then
That is non-sense. The statement by the Nevada Supreme Court denying the extension of the stay is telling. "When a contract is clear on its face, it will be construed from the written language and enforced as written." The two points in the newly filed brief by Blackstar have already been addressed previously. The GS Capitals previously filed response to these claims is linked below. It looks to me like Joe is spending a fortune just dragging this out. It is bad enough that he is on his way to $1 million defending this, he may ultimately be on the hook for GS Capitals legal expenses as well.
Bubae
Re: gshores post# 13963
Tuesday, June 04, 2024 8:39:11 PM
Post# 13965 of 14269
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174544157&txt2find=supreme%2Bcourt
Document 24-03599 dated February 3rd 2024 linked at right of line item
https://caseinfo.nvsupremecourt.us/public/caseView.do;jsessionid=DD86B554D3E6998D3A6E9EB41AA71067?csIID=68335
Naturally, GS Capital sought to exercise its conversion rights to receive shares of Blackstar stock—the benefit of its bargain. Blackstar refused. Then, after several weeks—during which GS Capital would have received about 257 million shares through conversions—Blackstar attempted to pay off the Note and thereby argue that, retroactively, GS Capital’s conversion rights are thereby extinguished. GS Capital argued this absurd result would be similar to a stock option seller unilaterally returning the option’s purchase price in an effort to rescind the option purchase because the option was now “in the money” and costly to the seller. The lower court correctly agreed with GS Capital and required Blackstar to reserve the contractually-mandated shares.
Second, Blackstar shockingly omits that it contractually agreed that GS Capital is entitled to injunctive relief and specific performance in the event of a breach, on which the Order correctly relied. Blackstar also omits that the Note, as amended under which GS Capital sued—provided for exclusive Nevada jurisdiction.
All I can say is wow, Blackstar was really dealt a bad hand by the lower court. If you review the court briefs, Blackstar was injured by a miscarriage of justice. Hopefully the Nevada Supreme Court can grant Blackstar relief and punish GS Capitol for their obscene and criminal usury lending practices.
https://caseinfo.nvsupremecourt.us/public/caseView.do?csIID=68335
Opening Brief has been filed in the Nevada Supreme Court Case.
https://nvcourts.gov/supreme/how_do_i/find_a_case - Enter "blackstar" in the case caption search
Long way to go to become jewels of the OTC. Right now we hardly have that much of volume. Time will tell what will be the true worth.
Is a net worth approaching $3mm poor?
With out dream nothing happens, you are nothing and always will be cause you dont have vision. You keep doing you and stay poor.
How long until Blackstar can't pay their attorneys? Hmmm....
Blackstar is getting crushed with legal fees related to this stupid, stupid, stupid lawsuit. Stupid why? Because it is over the failure to deliver conversion shares in November 2023 that amounted to less than half the principle owed at the time. It was 257,701,499 million shares at what we would learn later was priced at $0.00006 a share, not a typo $0.00006, or a bit more than $15,000. The reported remaining principal balance on the GS Capital note was only $33,682. Now if GS Capital had gotten their conversions they would have made a small fortune off this while the fools who bought this drove it to a penny at the time.
So Q4 2023 we had an increase cash burn in legal and professional fees of $210,499. The reported Legal and professional fees were $363,253 for Q1 2024, and for Q2 2024 we see legal and professional fees of $232,942. According to the filing; "Legal and professional fees of $596,195 for the six months ended June 30, 2024 increased by $505,307 from $90,888 for the comparable 2023 period." Now, someone couldn't find the cash to pay off that stupid note balance last year? Stupid is as stupid does. 🙄
Blackstar is still borrowing from the so called friends and associates in Q2 but not enough to cover that cash burn. The balance sheet on page page 3 of the Q2 filing reveals a $874,101 accounts payable as of June 30th versus $358,001 as of December 31st 2023. I went back to the Q3 2023 filing and found that the accounts payable number was only $167,000.
Nevada Supreme Court Case Documents - linked by the document numbers at the right.
Excerpt from document # 24-04955
Bubae
Re: ericdude post# 13784
Sunday, May 12, 2024 8:55:38 PM
Post# 13788 of 14155
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174403108&txt2find=litigation%2Bfees
For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000085/begi-20240331.htm.htm
Results of Operations
For the Three Months Ended March 31, 2024 compared to same period in 2023
Net loss for the three months ended March 31, 2024 was $499,072 as compared to $117,204 for the three months ended March 31, 2023, an increase of $381,868.
Legal and professional fees of $363,253 for the three months ended March 31, 2024 increased by $318,601 from $44,652 for the comparable 2023 period. The increase in legal fees for the 2024 period was predominately for fees related to litigation for convertible debt issues.
For the quarterly period ended June 30, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000098/begi-20240630.htm
Page 17
Legal and professional fees of $232,942 for the three months ended June 30, 2024 increased by $186,706 from $46,236 for the comparable 2023 period. The increase in legal fees for the 2024 period was predominately for fees related to litigation for convertible debt issues....
Legal and professional fees of $596,195 for the six months ended June 30, 2024 increased by $505,307 from $90,888 for the comparable 2023 period. The increase in legal fees for the 2024 period was predominately for fees related to litigation for convertible debt issues.
Correct! And a venture capital firm invested $8mm in them. An within one year of incorporating, they had sales of $20K per week. That's a real business. I'm afraid BEGI is no comparison. But hey, keep wishing!
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Overview
BlackStar Enterprise Group, Inc. (the “Company” or “BlackStar”) intends to act as a merchant bank as of the date of these financial statements. We currently trade on the OTC Pink Sheets under the symbol “BEGI”. The Company is a merchant banking firm seeking to facilitate venture capital to early-stage revenue companies. BlackStar intends to offer consulting and regulatory compliance services to crypto-equity companies and blockchain entrepreneurs for securities, tax, and commodity issues. BlackStar is conducting ongoing analysis for opportunities in involvement in crypto-related ventures though our wholly-owned subsidiary, Blockchain Equity Management Corp., (“BEMC”), mainly in the areas of blockchain and distributed ledger technologies (“DLT”). BEMC is currently non-operational, inactive and has no business or clients at this time. It is intended to offer advisory services as to how to implement use of a custom platform for the client’s equity based off of the BDTPTM. BEMC has not established any anticipated time frames or key milestones for BEMC business. BlackStar intends to serve businesses in their early corporate lifecycles and may provide funding in the forms of ventures in which we control the venture until divestiture or spin-off by developing the businesses with capital. We have only engaged in one transaction as a merchant bank form to date.
Our investment strategy focuses primarily on ventures with companies that we believe are poised to grow at above-average rates relative to other sectors of the U.S. economy, which we refer to as "emerging growth companies." Under no circumstances does the Company intend to become an investment company and its activities and its financial statement ratios of assets and cash will be carefully monitored and other activities reviewed by its Board of Directors to prevent being classified or inadvertently becoming an investment company which would be subject to regulation under the Investment Company Act of 1940.
As a merchant bank, BlackStar intends to seek to provide access to capital for companies and is specifically seeking out ventures involved in DLT or blockchain. BlackStar intends to facilitate funding and management of DLT-involved companies through majority controlled joint ventures through its subsidiary BEMC BlackStar, through BEMC, intends to initially control and manage each venture. Potential ventures for both BlackStar and BEMC will be analyzed using the combined business experience of its executives, with BEMC looking to fill those venture criteria with companies in crypto-related businesses such as blockchain or DLT technologies. The Company does not intend to develop Investment Objectives or “criteria” in any manner but will rely on the acumen and experience of its executives. BEMC is currently non-operational, inactive and has no business or clients at this time. It is intended to offer advisory services as to how to implement use of a custom platform for the client’s equity based off of the BDTPTM. BEMC has not established any anticipated time frames or key milestones for BEMC business.
BlackStar is currently developing a blockchain-based software platform (“BDTP TM”) to trade electronic fungible shares of our common stock equal to the shares held and transferred by DTCC Brokers (DWAC). Once completed, the platform design might enable us to license the technology as a Platform as a Service (“PaaS”) for other publicly traded companies, providing revenue to finance our merchant banking. The completion of our software platform depends on our ability to license it to an existing
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