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Liked " look at the set up"..looks amazing...
Don't think this will break .002.... Wink..lol...
Liked "detailed information" love reverse playbook.
Hope u took profit off table..smlt.
Liked " zero share increase"ty..I added too.
If you take a look at the setup it has been a big fail so far. On Tuesday we had someone reveal that the latest infomercial was released on Facebook and it took three days to land on this board. It appears that the video was released on Facebook on April 26th (dumb). Monday the 29th they released the 8K for their latest idea plugged into their blockchain method template "corporate governance". The result was 6 million shares traded on Monday and less than 2 million shares traded on Tuesday. Looks to me like they needed to manufacture a runup on Wednesday and Thursday and it worked to get price level. We know from the previous four infomercials that when the CEO promoting they have new conversions in hand.
I expect one of the two note holders took advantage of this 20 day conversion window that has maybe nine days left to convert at $0.00065. Blackstar updated the share count on Friday showing a zero share increase and back dated it to the 26th of April. I suspect that someone converted probably on Monday with promotion and quickly found out they they won't be moving multiple tranches of conversions. With the 4.99% blocker they could request up to 86,841,815 shares per tranche which is a lot anyway. I doubt that anyone would request more than one tranche, though they could, because they can recalculate based on the lowest subsequent trading while they convert. They could burn the remaining shares of a tranche to drop the price to new lows from which to calculate the next conversions. They have plenty of room, they are getting their shares at $0.00065 and they have a CEO who is actively promoting with these infomercials.
Bubae
Re: Short Squeeze post# 13485
Thursday, May 02, 2024 8:20:11 AM
Post# 13499 of 13664
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174343438
Bubae
Re: Savannah-Marc post# 13435
Tuesday, April 30, 2024 7:25:45 PM
Post# 13438 of 13663
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174333655
Liked "can not trust"true.nobody trusts you.
Another example of why you can not trust what this company posts on the detail page at the OTC markets site. I'm looking at that November conversion price of $0.0002167 and the chart to determine what twenty day period could they have locked in the three lowest closing bid prices. I find that the latest date that they could have locked in a price even close to that would have been the 16th of November. By October 27th the closing price was already $0.001 after the press release on the 24th. December 16 would have been pretty close to have been included in the subsequent events section of the Q3 filing since the 16th would have been on a Thursday and the Q3 was filed the following Monday the 20th.
Though I would like to know the actual date that isn't the problem. According to the chart on page 5 of the Q3 filing there were 1,244,572,435 shares outstanding as of September 30th. This is the same number of shares that were listed in the December 12th and December 22nd outstanding share updates on the OTC site. I have kept track of the update since I arrived on this board around November 26th so screen shots below. Why were the November conversions not included in at least the December 12th update and since we know they must have been issued prior to November 16th and why not an earlier update. We don't see a share count increase until January 5th 2024.
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
Page 13
NOTE 10 – SUBSEQUENT EVENTS
The Company has analyzed its operations subsequent to September 30, 2023 through the date that these financial statements were issued, and has determined that it does not have any additional material subsequent events to disclose.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page F-13
NOTE 7 – CONVERTIBLE NOTES (continued)
ADAR ALEF, LLC
In November 2023, Adar Alef issued a notice of conversion for a partial conversion of $13,455 principal into 62,100,00 shares of the Company’s common stock at a price of $0.0002167 per share under the conversion provision and terms of the note agreement.
Liked "making good money" me too.BEGI
We have detailed information for the two convertible notes for Adar Alef and SE Holdings in the annual. It would appear that these notes are in default earning the 24% interest and was the case in the 2022 annual filing as well. There had been some abatement payments made in 2022 on the defaulted notes but all we know for certain at this point is that there $584,079 of principle left through April 15th with no related comments in the subsequent events section of the annual.
Also listed in the annual is a conversion
Something else we know from the annual is that Adar Alef converted $13,455 principal into 62,100,00 shares in November 2023. There is no mention of this in the Q3 2023 even in the subsequent events section which updates to the filing date of November 20th. The closing price on the 20th of November was $0.0098. Get some idea where the trading losses went during that period?
Converting that 62 million shares at a penny would be $620,000 with Blackstar getting $13,455 in debt relief. Watch the share burn continue for the next couple of weeks this time with conversions at $0.00065. That $0.00065 price is for Adar Alef with a 50% discount to the average 20 day closing bid price. SE Holdings on the other hand can calculate theirs based on 50% discount to the average 20 day trading price
Keep in mind that these lenders are already making good money on these notes at 24% default interest. Now that principle and interest is being converted at a deep discount to market.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
SE HOLDINGS LLC Current principle balance $220,000
On January 26, 2021, the Company entered into a financing agreement with SE Holdings LLC to borrow $220,000. The note bears interest at 10%, with a default rate of 24%, and is convertible, at any time after the date of issuance. The conversion price is to be calculated at 50% of the average of the three lowest trading price of the Company’s common stock for the previous twenty trading days prior to the date of conversion. The lender agrees to limit the amount of stock received to less than 4.99% of the total outstanding common stock. Interest expense recorded for 2023 is $496,157.
The Company has recorded interest on the note at the default rate of 24% from the maturity date of the note through December 31, 2023.
On April 27, 2022, the Company entered into an Amendment and Abatement Agreement (“Abatement Agreement”) with SE Holdings and Adar Alef (collectively “the Parties”) to address the Company’s default on the two outstanding convertible notes between the Parties, consisting of the remaining $473,500 principal balance to Adar Alef and face amount $220,000 note with SE Holdings.
ADAR ALEF, LLC Current principle balance $364,079
On April 29, 2021, the Company entered into a financing agreement with Adar Alef, LLC (“Adar Alef”) to borrow $550,000. The note matured on April 29, 2022. bears interest at 10%, with a default rate of 24%, and is convertible at the option of the holder, at any time after the date of issuance. The conversion price is to be calculated at 50% of the average of the three lowest closing bid prices of the Company’s common stock for the previous 20 trading days prior to the date of conversion. The lender agrees to limit the amount of stock received to less than 4.99% of the total outstanding common stock.
In November 2023, Adar Alef issued a notice of conversion for a partial conversion of $13,455 principal into 62,100,00 shares of the Company’s common stock at a price of $0.0002167 per share under the conversion provision and terms of the note agreement.
I thought I had a lot... you have me beat....kudos.
Liked "you are typical"... Honesty is typical...so I am.
You are typical drive by whiner who quotes me without a link for context. saying that it would never get past 2 would be foolish. A typical post below for the context that you omitted. March 22nd with a another infomercial and 119 million shares traded. Thirty minutes into the trading day I said it had the potential to see $0.0019 and that it where it closed with only a few trades at 2. GS Capital owned the high teens after clearing it out because traders hold and buy when this CEO is personally promoting. Good job on getting those shares priced at only $0.00006 into the market. GS Capital made a bundle off of what will become someone's losses. So pick a number say 1 million shares with conversion price of $0.00006 sold at $0.0016 would be $1600. The debt relief that Blackstar got from that transaction would have been $60. Same number at $0.0019 is $1900, same 60 bucks. 😆 You don't see that kind of a spread very often, Wow 🙄
Bubae
Re: None
Friday, March 22, 2024 10:02:20 AM
Post# 12266 of 13656
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174091136
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page F-19
NOTE 12 – SUBSEQUENT EVENTS
In 2024, GS Capital filed notices of conversion and were issued, in three tranches, 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share on their note of October 11, 2021. (See Notes 7 and 11)
Liked "spread" & "in the dark" Love velvet cake...didn't know they add a red dye to the chocolate to make it..
The spread at the end of the day was 3 to 34 with a 6,000 share buy at 33 twenty seconds before close. They did a good job walking this up with promotion, only 2 days, 64 million shares after the 2 million share day on Tuesday. Gives you a good idea of how many shares GS Capital dumped on the March 22nd infomercial where 119 million shares traded for the day.
Bet they file the quarterly late like the Q3 2023. They won't show what they converted any earlier than they need to. Just got the OS update this morning which is dated last Friday, April 26th showing zero increase from the April 8th update. Much like the December 22nd update on the Friday before Christmas which showed zero increase in the share count from its previous update which was December 12th. The next update was 14 days later, 7 trading days, on January 5th revealing 300,124,013 share increase with 153,350,000 being restricted. The closing price Friday December 22nd was $0.0087 and the closing price for January 4th, the day before the next update was $0.0019. Pretty sure that you all will be in the dark while they promote and dump the next tranche of conversions.
Price doesn’t matter at this point. If the company can execute price will skyrocket. If not there’s not much to loose. What’s a couple hundred thousand get you anymore anyway.
Liked "fairy tales" speaking of...hows burnerletta doing?
We'll see whose telling fairy tales when the share price keeps going up.......and it will...... like it has.
B E G I
2 0 2 4
Hey Marc, stay on point. We're talking about your predictions for TODAY. You're bad at price predictions but you're great at FAIRY TALES!
Good day on low volume. It seems like something is brewing.
And down 74% from the 6 month high. Isn't that awesome?!
Down 2.9% today but up 100% in the last 2 weeks. Yeah, you're a genius I guess, you must've went to genius school for numbers math......
Marc, you should just switch off your prediction machine. Everyone can see you're really bad at it. 3 wrongs just today!
________________________________________________
Savannah-Marc 10:29 AM - Post #13,608
I wouldn't be surprised if it hit a penny today, we're not that far away. I think at minimum we're going into the .004s!
___________________________________________________________
Savannah-Marc 2:53 PM - Post #13,640
This will close in the green today, whether you bash it or not.
He makes them himself while he murmurs bad things about Blackstar in some basement somewhere lol
He also likes lemmon peel turd tacos.
Bubae likes to quote LIES and call them "facts".......look at his post history because that alone will make you buy the sheet out of Blackstar. Someone is paying for this type of stock bashing.......
Liked "Bully"..no doubt..I agree...
Bully, really? I guess revealing what is going on with this stock using the filings fits the definition of ... habitually seeks to harm or intimidate those whom they perceive as vulnerable... How about informing the vulnerable and uniformed that their money is about to be taken. My post below on December 22nd. That day the opening price was $0.0087. The 22nd was a Friday before Christmas, so only seven trading days latter it had fallen more than 70% to a close of $0.0019. My only mistake was assuming that these lenders were observing the holding period. They weren't and this CEO had actually issued more shares during Q4 to dump and of course we didn't get to see that until the annual. I would have been proud to have so called "bullied" traders at the time to sell or not buy on the Friday before Christmas. And guess what, those who had me on ignore lost their azz. Get ready, I believe that yo all are about to get hit again. 😆
Bubae
Re: misterfishman post# 7928
Friday, December 22, 2023 11:32:49 AM
Post# 7931 of 13636
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173486596
To enjoy the show over the next ninety days and say I TOLD YOU SO!!! 😆🤣😂 This is like a soap opera with what I consider nefarious activities around the promotion of this stock including what could be the seeding of social media by the CEO of comments that clearly could influence the market.
This will close in the green today, whether you bash it or not. Blackstar is what it is, a successfully small emerging company with US patents and trading technology that will have global implications. Go ahead, bash it, I know the end game here, that's why I own A LOT of shares. Don't wait up at the drive thru for me, I don't do late night and 4th meal, Yo quiero Taco Bell!
Won't ever happen
Flippers are going to flip.......but I think GS Capital is going to BUY!!!!!
The market is primed from trading crypto tokens over blockchain for the last several years. Now, imagine when stock trading over blockchain becomes available.......
I don't fight the future, I invest in it.
The power hour is coming.....
Buy your tickets before the show starts.....
Liked " I'm not down anything" I know.you have more than me...
Go to here: https://ppubs.uspto.gov/pubwebapp/static/pages/ppubsbasic.html
Type in "kurczodyna" in the basic search and they will all come up
I don’t have it but look at posts between Christmas and New Years and many people posted it
Why would we pay your asking price? Duh
It’s called DD, when you come to a page and bash the last thing people will do is help you. If you know where to look it shouldn’t take more than a minute. Consider this a test of your aptitude.
Ahahahaha, it's a stock bashers' parade. None of you can afford my asking price for my shares! I guess they let a whole shift out at Taco Bell to bash Blackstar, not a bad a gig to have while you double dip and earn stock bashing fees. If I want your advice, I'll pull up to the drive thru and ask about the quesadilla supreme pfffffff ahahaha!
Stop deceiving people. The trading platform is NOT ready to go. Joe said it requires SEC approval which could take 1-3 years for approval.
Someone gutsy enough to be honest 👍
Can you give me the patent numbers and the link to check them ?
Finally someone with some common sense
Those working for the long term will lose money because of the multiple dilutions to come.
I agree so I'm holding. However it would be nice to be green and stay green. Thanks.
Ahahahah, nice fake account:
Alias Born: 03/22/2024 10:04:39 PM
Looks like we got Bubae's backup account working. Now I think we might actually hit a penny today, the stock bashers are trying to turn up the heat.....Ahahahahaha!!!!!!!!!!
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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