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Interesting to note that while Blackstar handed over the 62 million shares to Adar Alef in November 2023 that they denied GS Capitals conversion requests that were made on November 2nd which triggered the costly lawsuit. Adar Alef really cleaned up while the stock was on its way to a penny. The time prior to that Adar Alef converted part of this same note in February and March 2022. The high in February 2022 was $0.0158 so they well with their 50% discount to market. The price declined considerably before they put together the New to the Street series launched June 2nd 2022 and by August 1st 2022 it managed a high of $0.0034 with less than 300 million shares outstanding. I'm sure Adar Alef understands what they are dealing with now that is is trading at the same level as the 2022 New to the Street series with the current 1.7 billion shares outstanding. The trading platform still can't be used and the two other method patents are nothing but paper at this point. We will see if the CEO can conjure up some more liquidity for them.
New to The Street TV Signs BlackStar Enterprise Group, Inc. to a 3-Month TV Series
June 02, 2022 09:00 ET
https://www.globenewswire.com/en/news-release/2022/06/02/2455264/0/en/New-to-The-Street-TV-Signs-BlackStar-Enterprise-Group-Inc-to-a-3-Month-TV-Series.html
Once BDTP™ is live, after SEC and FINRA approval, BlackStar intends to market the platform to other publicly traded companies as a subscription service with an issuer-specific customizable interface.
For the quarterly period ended June 30, 2022
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594922000124/begi-20220630.htm
As of August 9, 2022, there were 285,357,307 shares of the registrant’s common stock, $.001 par value, issued and outstanding, not including shares reserved for conversion of notes.
NOTE 7 – CONVERTIBLE NOTES (continued)
(ii) In February and March 2022, Adar Alef LLC (“Adar Alef”) elected to make a partial conversion of $76,500 principal and $6,296 of accrued and unpaid interest thereon due on their note of April 29, 2021, in three tranches, into an aggregate 21,504,766 shares of the Company’s common stock at prices of $0.0023 to $0.0064 per share under the conversion provision and terms of the note agreement.
(iii) In January and February 2022, Power Up elected to convert, in five tranches, the total principal of $103,750 due on their note of July 26, 2021, together with accrued and upaid interest thereon of $5,188, into an aggregate 12,982,155 shares of the Company’s common stock (at conversion prices of $0.0075 to $0.0088 per share) under the conversion provision and terms of the note agreement.
(iv) In February and March 2022, Power Up Lending Group Ltd. (Power Up) elected to convert, in four tranches, the total principal due on their note of July 28, 2021 of $78,750 and accrued and unpaid interst thereon of $3,938 into 21,273,289 shares of the Company’s common stock at conversion prices of $0.0029 to $0.0073 per share under the conversion provision and terms of the note agreement.
(v) In March and April 2022, Power Up elected to convert, in three tranches, the total principal due on their note of September 1, 2021 of $53,750 and accrued and unpaid interst thereon of $2,688, into 19,952,406 shares of the Company’s common stock at conversion prices of $0.0024 to $0.0029 per share under the conversion provision and terms of the note agreement.
(vii) In April and May 2022, Power Up elected to convert, in five tranches, the total principal balance of $78,750 and accrued and upaid interest thereon of $3,938 due on their note of October 1, 2021 into 40,260,417 shares of the Company’s common stock at prices of $0.0020 to $0.0024 per share under the conversion provision and terms of the note agreement.
(viii) In June 2022, Sixth Street Lending LLC elected to convert, in three tranches, the total principal of $45,750 due on their note of November 29, 2021, together with accrued and upaid interest thereon of $2,288, into an aggregate 27,899,255 shares of the Company’s common stock (at conversion prices of $0.0016 to $0.0018 per share) under the conversion provision and terms of the note agreement.
Curious to see what this week brings. I wouldn't mind making more money again.
It isn't about the loudest voices even if it is one. It is always about what the filings reveal. Today is may 5th, one year to the day the company has added 1,056,870,102 new shares. All but 104,643,939 of those shares came in Q2 and later when it looks like they were queueing up shares for the October festivities. We know that they have a total of five infomercials since the beginning of the year helping GS Capital sell more than 270 million shares priced at $0.00006 that were awarded from the lawsuit to date.
We know that Adar Alef converted $13,455 principal into 62,100,00 shares in November 2023 and has $364,079 in remaining principle. SE Holdings is sitting on another $220K in outstanding principle. Both notes are in default earning 24% interest and matured two years ago. That Adar Alef could have converted as late as November 16th given the conversion language and the stated price of conversions so they made a bundle of that $13,455 worth of conversions. Under the notes they are limited to 4.99% of the outstanding share count or more than 86 million shares per tranche. It would take more than six tranches to cover just the outstanding principle for Adar Alef alone.
During all this activity we now have a bead on the CEO's modus operandi. When he runs the infomercials he is supporting price and generating volume for the conversions. So we get the infomercial released on Facebook release on May 3rd and we see the 8K on Monday for the corporate governance method patent. We know that he likes to drop a OTC outstanding shares count update prior to conversions showing a zero count update. We got that last Friday the 3rd but it was backdated to Friday April 26th. That makes me believe that the conversions started the following Monday.
So we look at the conversions available and the note language and we see that due to walkup last Wednesday and Thursday that the 20 day period for pricing their conversions is locked in for this period. They got very little volume after the promos with only 6 million shares traded on Monday and less than 2 million shares traded on Tuesday. That needed walkup was manufacture on Wednesday and Thursday to make some space for the conversions in my opinion and really flagged for me what was going on.
If you are a new trader to this ticker just know what I have written and watch for them to burn through the tranche of shares they have. I'm watching for a period that would be the end of a 86 million share dump where they may sell it down to price in the next tranche. That would be where the CEO once again helps the price recover. Cycle and repeat but if the price declines they will need even more shares to cover.
At this point what does Adar Alef really care other than to clear this defaulted note. They made so much money off the November conversions that they are just scooping cream off the top at this point. I doubt that they will request more than one at a time because this the liquidity isn't there and they can reprice if it goes down. They will want to try and maintain price level because they have so much to convert so we will see how patient they are. It is rare that as a result of so much converting that a pattern has been established from which to predict the next round. A series of posts with details starting with post# 13665 linked below. Play their game knowing what they are doing and make some money. Happy trading. 
Bubae
Re: None
Saturday, May 04, 2024 7:47:06 PM
Post#13665 of 13671
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174359031&txt2find=Capital%2Bconversions
For the quarterly period ended March 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000051/begi-20230331.htm.htm
As of May 5, 2023, there were 683,446,845 shares of the registrant’s common stock, $0.001 par value, issued and outstanding, not including shares reserved for conversion of notes.
During the three months ended March 31, 2023, the Company issued shares of its common stock as follows:
Let’s face it, we’re dealing with a sub penny stock. If you’re looking for fractions of a penny or the big picture will determine how you view the company. For me I’m looking at the big picture, my exposure is very big and my expectations are very low. I hit it real big or I loser all or most of my investment. Either way the only opinion I have is my own and with either be very happy or I will move on and learn from the trade. I don’t understand how a few negative people have the loudest voices. Life is short! Be happy be kind uplift your friends and family and everyone you come in contact with. If you feel differently that’s okay but at least be kind to others.
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.
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.
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 🙄 Pump it Pump it!!! Same crap another day for the fools who will chase the social media promotion. 🙄 Worked in December after the dilution dump. Now some have likely loaded here and see the potential to drive it to $0.0019. Flip them if you have them.
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)
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.
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!
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
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.......
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. 😆 Also, if you can't stand Bubae, than ignore him. That's how you get rid of bullies.
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!
Now?
Won't ever happen
Nope
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.....
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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
AI
