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Moooove’n up
The only cool aid drinker here is the GS Capital employee Bubee. His bum is hurt so much so that his GS Capital hasn’t been paid and is trying to ruin what could be a gold mine. He Can’t see the forest through the trees. The rest of us can see Bubee’s has found the magic mushrooms 🍄 in the forest and cant get off his high horse.
This is one of the most manipulated stocks out there and those holding are true Kool Aide drinkers. So far this morning around $10 in a couple of trades of less than 7K shares has move it up 10% to $0.0017. Yet on March 22nd off the infomercial they generated 118 million in trading volume and couldn't crack a $0.0019 close. This is unadulterated trash and judging from the lack of response to the last infomercial most watching now understand that. What will they do next because they have a ton of paper to move.
It now looks as if what is in print in the filings is suspect as well here. We do not see anything in the lawsuit updates about GS Capital receiving a conversion price of $0.00006. The January update suggests a conversion price of $0.00013. Same thing in the February 27th update. They will need 561,366,666 shares to cover the $33,682 principle amount at a conversion price of $0.00006. Getting an idea of why Blackstar is spending so much cash to defend the lawsuit? We are just talking about the principle amount here with potential legal fees, interest, etc to be ruled on. Since December 22nd, the day after the first tranche of shares was issued to GS Capital according to the January update, Blackstar has issued a total of 495,744,512 shares with 153,313,087 restricted for a balance of 342,431,425 shares. Now I read in the annual that more shares were issued? It wouldn't appear that the restraining order preventing Blackstar from trading any shares since November is still in effect? All this expense and nonsense over a $33K note balance? 🙄
Date of report (Date of earliest event reported): January 11, 2024
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
In the Quarterly Report for the period that ended September 30, 2023, the Company reported that, subsequent to the end of the period, GS Capital Partners LLC (“Plaintiff”) filed a lawsuit against the Company in Nevada. The lawsuit relates to a claim regarding the purported unavailability of shares to convert against the remaining principal and interest on a Promissory Note entered into on October 11, 2021, which had a remaining principal balance of $33,682. At the outset of the case, a temporary restraining order was entered preventing the Company from trading any shares. As currently postured, Plaintiff seeks specific performance (a mandatory injunction) requiring the conversion of approximately 257,000,000 shares and possibly additional recovery of legal fees and interest. The lawsuit increases the Company’s financial and administrative burdens and is a risk to the Company’s capital.
Date of report (Date of earliest event reported): February 27, 2024
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000023/blackstarmarch2024v2.htm
For the fiscal year ended December 31, 202
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
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 “Item 3. Legal Proceedings” for additional information related to GS Capital Partners).
As usual bubae has the first post of the morning,just to remind people,how much begi sucks..
As usual you can not debate the content which are the words of the company with links, it is always about the messenger. Same crap for months just another day. Your comments below just before this took a 70% nose dive to $0.00019. Many dilution deniers were here at that time, still not a believer? They have been feeding you all the new shares ever since with this CEO as the pitchman in the infomercials. Still calling for a nickel. 🙄
kid biscuit
Re: Bubae post# 8092
Tuesday, December 26, 2023 7:05:12 PM
Post# 8094 of 13024
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173505761
Can I ask why you are here all day long from morning to evening running down the company ?... it was already revealed your information about issuing more shares was shown to be the opposite in current Dec 23 filings. Obviously your retired, but what is your goal? We other posters here have our money invested, why take anger out on us? We didn't hurt you in any possible way, have never even met you.
Have a great week !
Yep, we are all wrong if we think the only sources of fake news are countries at war overseas...and especially the one that controls all the media in their particular nation with brainwash slop....we got it right here too. What will people will do for money and control ? Just a pot of "non-stop articulation of tons and tons of lies and manipulation stew" for the masses to get stupefied on.
Silly to bother with, 195 mill shares is pocket change and you know it's true. Everyone knows its all about Mafiosa style control and greed. If the company isn't worth anything ? Since you have never bought any shares.... Why are you here getting a paycheck from the lenders for bashing, and why is your boss suing to get more shares instead of the cash it was given to pay off the debt, since the company isn't worth anything ? You totally crack me up, your paycheck makes you so predictable. You have no good answer....and besides that, even your boss knows that a 2 bill share float can easily go to .05 pps and beyond, and that's why they are suing....control and greed, they just can't resist the chance to make more money without paying for it.. and that's why no one here will sell share their shares. Just thought I'd stop bit to visit for a moment and expose your so obvious bash scheme again....I enjoy it a lot, makes my day....Happy holidays !
Must be a bad day, sheep trying to disguise their identity. It is Baa, not Moo. 🤣
Of course they could settle before the bench trial date. GS Capital has a contract in hand for the loan with nasty terms designed to motivate repayment. Apparently Blackstar objected to handing over shares with a conversion price of $0.00006 but who's fault is that? Take a look at the press releases for 2023 prior to the beginning of the October promotion push in my post# 13005 linked below. The same narrative for years of a trading platform that Blackstar isn't even able to use. March 2023 "...there can be no assurance that such regulatory approvals will be obtained in a timely manner or at all...." and "...The BDTP™ is not yet functional and may never be functional...." this is why traders had this down to $0.0001 just days before the October press release. So the CEO at that time effectively helped drop the price. From October on he promotes and takes care to avoid the subject of product efficacy.
So while he is issuing press negative press releases with factual information what is he doing? He registers $125K with the FORM D in May. First nine months of the year he hands out 698 million shares for conversions priced at an average of $0.00017 a share with all but 104 million from Q2 on. Then he starts writing a series of what became eleven smaller notes beginning in March and running through November for a total of $425K. All of those include free shares as sweeteners. They got the notice of effect for the S-1 offering in July for two notes with current principle balances of $584,079 that mature two years ago. With interest those would be worth north of $800K now. In July they "...approved and authorized the issuance of shares..." for insiders totaling 154 million shares. Keep in mind that this company has zero full time employees. GS Capital made their request for shares on November 2nd adding even more to the pile had Blackstar handed them over. What Blackstar didn't anticipate was the restraining order of November 9th that prevented Blackstar from trading shares.
So why are they queueing up all these shares while at the same time helping to bust the price to $0.0001 for the ridiculous conversions? He didn't have to issue any press releases during the period. He then flips the switch and goes into promotion mode complete with issuing shares for "media consulting contracts". He recruited professionals to help maximize the return for these toxic note holders which also maximized the losses for those trading the stock. Get ready now because when the restraining order is lifted it will be game on again. 😆
I do not believe in coincidences with regard to these trashy pink sheet tickers and I do not give the benefit of the doubt to those who run them. This is a con man peddling trash in my opinion and those trying to flip it will continue to pay the bill.
Bubae
Re: None
Monday, April 15, 2024 9:11:48 AM
Post# 13005 of 13018
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174237993
$125,000 FORM D registration
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000054/xslFormDX01/primary_doc.xml
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
AMENDMENT NO. 10 TO FORM S-1
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000063/blackstar_s1a10.htm
For the quarterly period ended June 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000073/begi-20230630.htm
NOTE 10 – SUBSEQUENT EVENTS
On July 1, 2023, the Board of Directors approved and authorized the issuance of shares of the Company’s common stock as follows:
My cuz is an attorney in LV. he was reading the case to me... he said prior to court date,anything can happen.
It's so awesome,my whiskers are tingling with a bit of fisker,and a dash of whispers.
That is an awesome #..WOW... totally awesome.
Also page 23 of the PDF
FINRA
Our next regulatory challenge is that our concept requires implementation by a broker dealer registered with FINRA. We do not anticipate registering our company as a broker dealer, but instead would contract with a broker dealer to act as our agent/intermediary for our concept, thereby alleviating our Company of all regulatory compliance issues of a broker dealer.
As with the SEC, the broker dealer may be challenged due to the fact FINRA has no developed rules and regulations involving digital trading of shares specifically. FINRA has, however, chosen to raise disclosure requirements and to conduct heightened examinations for broker dealers as to any involvement in the digital industry, with intent to bring enforcement actions for violations of SEC regulations or FINRA rules, and disciplinary actions against broker dealers for any such violations. As a direct result, it may be difficult to find a broker dealer willing to be in vanguard of the digital trading and securities industry involving our concept – even if we are able to achieve SEC approval for our digital trading platform. Although we will continue to pursue both formal and informal discussions with both the SEC and a FINRA regulated broker dealer concurrently, we do not believe it would be constructive to commence substantive negotiations with a FINRA regulated broker dealer until we have substantially completed the SEC approval process. Once we believe we have substantially completed the SEC approval process, we believe it may take an additional six to twelve months to reach agreement with a FINRA regulated broker dealer.
An additional 6-12 months
Here is another awesome number. Want to know how much GS Capital will be banking off the lawsuit so far? 195,620,499 shares priced at $0.00006 as share for so far for 2024. getting an idea as to how worthless these shares are? WOW! 😆
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
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)
From Page 23 of the PDF version:
SEC Approval-
Our first regulatory challenge is seeking the approval of the Securities and Exchange Commission (“SEC”) of our concept for a security that could be traded on the BDTPTM because the SEC has not yet adopted rules or regulations specific to the digital securities industry nor any regulations involving blockchain or distributed ledger transactions. The SEC has chosen to enforce its existing anti-fraud laws and the registration rules and regulations. Accordingly, we must work through an undefined SEC approval process for our proposed system. We anticipate many comments and questions from the SEC during any approval process for the BDTP platform. We anticipate that could take one to three years to complete the approval process for the BDTP platform.
1-3 years!
Year after year Blackstar says they are a merchant banking firm. Why are they still singing this tune when they don't do any of this or have plans to?
Wonder where you realized and unrealized losses went? 😆 845,162,311 shares for conversion of $200,432 principal and interest on notes of the nearly one billion shares issued for the year. That is an average conversion price of $0.00028. That conversion price is horrible but is an improvement over the Q3 number of 698,077,221 shares for conversion of $116,725 principal and interest or an average price of $0.00017.
As of December 31st 2022 there were 546,495,214 shares outstanding. As of December 31st 2023 they report the total to be 1,544,696,448 or nearly one billion new shares. As of April 8th the OS total is 1,740,316,947. Of the total of shares issued in 2023 104,643,939 shares were issued in Q1 so the rest are from Q2 on. Add in the 180 day rule 144 holding period and maybe we get an idea as to why this CEO is so busy with the infomercials. 🤣
Now I was thinking that these note holders banking a bloody fortune on these conversions were paying for these infomercials. See that line item "25,000,000 shares valued at $100,000 ($0.004 per share) as partial consideration for a media consulting contract.'? That was a "PARTIAL consideration" Yep looks like you all paid for that as well and early on. Why would these shares be available for immediate sale? I would very much like for the SEC to look at the various activities around this company. Can't wait for the Q1.
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
Common Stock
During the nine months ended September 30, 2023, the Company issued shares of its common stock as follows:
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
During the year ended December 31, 2023, the Company issued shares of its common stock as follows:
For the quarterly period ended March 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000051/begi-20230331.htm.htm
During the three months ended March 31, 2023, the Company issued shares of its common stock as follows:
Finally got the annual today. As expected they didn't get any of the debt in the S-1 offering done likely due to the restraining order that GS Capital was able to get in place early in November. The two notes in the S-1 offering total $584,079 and matured two years ago. With interest those notes should be worth north of $800K with steep discount to market conversion language.
Also noticed that the Q3 filing that was released at the end of November listed two new new notes issued in November The annual reveals that a total of five notes were issued last November. This brings the total of the short term to eleven. $175K of the original eight notes plus interest will have matured by May 1st. Two matured in December two more in February and the fifth due on May 1st. Take a look at all those free shares to be issued with these notes in particular the note dated November 13th. While it has a relatively low interest rate is was issued twice the free shares for a note of $25K relative to the others. This company has shares coming from all angles. Getting an idea why the pitchman CEO has been in so many infomercials since the beginning of the year. 😆
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
NOTE 10 – SUBSEQUENT EVENTS
In November 2023, the Company borrowed $50,000 and $25,000 from each of two unrelated individuals, repayable nine months from date of the notes with interest at 11% per annum. At maturity, the Company will repay the face amount of the loans in cash, including unpaid and accrued interest at 11% and, in addition, will issue 7,500,000 and 3,750,000 of the Company’s common stock, respectively, to each of the lenders. At maturity the lenders have the option to be issued, in lieu of cash payment of the outstanding debts, an additional 7,500,000 and 3,750,000 shares of the Company’s common stock, respectively, as full satisfaction of the principal loan amounts and related unpaid and accrued interest thereon.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
NOTE 8 – NOTES PAYABLE (continued)
On November 6, 2023, the Company borrowed $50,000 and $25,000 from each of two unrelated individuals, repayable nine months from date of the notes with interest at 11% per annum. At maturity, the Company will repay the face amount of the loans in cash, including unpaid and accrued interest at 11% and, in addition, will issue 7,500,000 and 3,750,000 of the Company’s common stock, respectively, to each of the lenders. At maturity the lenders have the option to be issued, in lieu of cash payment of the outstanding debts, an additional 7,500,000 and 3,750,000 shares of the Company’s common stock, respectively, as full satisfaction of the principal loan amounts and related unpaid and accrued interest thereon. The Company has recorded the 11,250,000 common shares issued to the lender at $51,000, based on the $0.0045 closing trading price of the Company’s common stock as of the date of the loans.
On November 13, 2023, the Company borrowed $25,000 from an unrelated individual, repayable November 13, 2026 with interest at 5.5% per annum. At maturity, the Company will repay the face amount of the loans in cash, including unpaid and accrued interest at 5.5% and, in addition, issued 7,500,000 of the Company’s common stock, to the lender. At maturity the lender has the option to be issued, in lieu of cash payment of the outstanding debts, an additional 7,500,000 shares of the Company’s common stock as full satisfaction of the principal loan amounts and related unpaid and accrued interest thereon. The Company has recorded the 7,500,000 common shares issued to the lender at $40,500, based on the $0.0054 closing trading price of the Company’s common stock as of the date of the loan.
On November 17, 2023, the Company borrowed $50,000 and $25,000 from each of two unrelated individuals, repayable May 17, 2025 with interest at 5.5% per annum and August 17, 2024 with interest at 11% per annum, respectively. At maturity, the Company will repay the face amount of the loans in cash, including unpaid and accrued interest and, in addition, issued 7,500,000 and 3,750,000 of the Company’s common stock, respectively, to each of the lenders. At maturity the lenders have the option to be issued, in lieu of cash payment of the outstanding debts, an additional 7,500,000 and 3,750,000 shares of the Company’s common stock, respectively, as full satisfaction of the principal loan amounts and related unpaid and accrued interest thereon. The Company has recorded the 11,250,000 common shares issued to the lender at $86,063, based on the $0.00795 closing trading price of the Company’s common stock as of the date of the loans.
Just for giggles,I put up 10,000 shares at the ask....it was gobbled up in a second... doesn't show as a sell,but in the ? mark aisle?...and we ask why... this is the shiz that won't happen with begi's platform.... but it does tell me the mms are desperate for real shares.
11 trades today.lol.... either bring it down,so we can load more,or lift it up to free up real shares.... Right now,nobody is selling,buying,nor making money..... in the game of chess,we are at check.
This guy gets away with a lot in the previous infomercials. the tenty year LOOK comment came at about at 1:00 into the segment with the comment "...given a twenty year look at the market..." followed by the comment "...for twenty years or patent is going into effect...". The comment about "monopoly" in the press release that was heavily promoted on social media early into the run is long gone.
At about the beginning of minute three he begins to talk about the news that Bitcoin was approved to trade on an ETF. He claims that it was the biggest announcement for Blackstar this year, that it basically gives Blackstar a greenlight to go ahead with their trading on a blockchain. Yet we know by Blackstars statement in the S-1 offering prospectus that "...The Company does not operate in the crypto asset markets, does not have crypto asset holdings, and is not proposing to participate in the crypto asset industry, including crypto securities, crypto currencies, and tokens. ..."
In the first three minutes he again talks about their technology. He always refers to their technology while what they essentially developed is an app on Amazons blockchain ledger product. In in the S-1 offering prospectus Blackstar states "...Significant elements of our intended products and services are based on unpatented trade secrets and know-how..." and "...Blackstar has built the technology based upon the Quantum Ledger Database, a blockchain framework from Amazon Web Services (“AWS”)..."
It’s now a 20 year ‘look’. What the heck does that even mean?
I have to admit that I didn't watch the latest infomercial until this morning. FINALLY, this CEO talks about the need to partner with a broker dealer or ATS starting about 2:50 into the video. Why is he suddenly talking about this now? This has been the case for years and the press releases leading up to the October promotional push included this information. If it is legal to use with a broker / dealer or ATS, why is Blackstar not trading their own shares on this proposed trading platform? Finally saying this in a new infomercial is why traders didn't take the bait on April 10th. You didn't hear a peep about this in the March 22nd infomercial that generated 118 million in trading volume. 😆
Just days before the announcement of the method patent allowance this stock was trading as low as $0.0001 because traders understood at that point that the trading platform wasn't going anywhere. The October press release the CEO states that the patent "...will give BlackStar a 20-year monopoly on digital equity trading of securities on a blockchain." That is the only place you will see the CEO mention the word monopoly for a product that they can't even use themselves. You won't see the word "monopoly" uttered again, not in the subsequent press releases or the infomercials but you can go back a see that social media seized on that statement to move the new shares during that period.
BlackStar's Digital Trading Platform Concept Receives SEC Guidance in Q3 2020
Wednesday, 16 September 2020 02:00
https://www.accesswire.com/606207/BlackStars-Digital-Trading-Platform-Concept-Receives-SEC-Guidance-in-Q3-2020
We hope that BDTP will be operational, subject to obtaining funding, by 1st Quarter of 2021.
In July 2020, the Company presented the concept to SEC FinHub staff members for regulatory guidance and received the recommendation to apply for Alternative Trading System ("ATS") status. Given that guidance, we are evaluating our options for finalizing the BDTP, including exploring partnerships with existing ATS's. BlackStar will continue to seek further input from various regulatory agencies and OTC Markets on the potential functionality and regulatory aspects of the BDTP over the next several months.
Q3 2023
For the quarterly period ended September 30, 2023
https://www.otcmarkets.com/filing/html?id=17069009&guid=A0J-knmv0E161Oh
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
Overview
The completion of our software platform depends on our ability to license it to an existing Alternative Trading System (“ATS”) or for us to possibly register as an ATS, which we do not intend to do at this time as we would prefer to license our platform to an existing ATS. The platform is not currently operational or in use by anyone. More details regarding the BDTP TM can be found in the most recent registration statement on Form S-1, as amended.
BlackStar Enterprise Group, Inc. Provides Registration Statement Update
Wednesday, 15 March 2023 10:30
https://www.accesswire.com/743761/blackstar-enterprise-group-inc-provides-registration-statement-update
Company is on the path to bringing its proposed business plan to reality. However, there can be no assurance that such regulatory approvals will be obtained in a timely manner or at all.
and there is no assurance that we will be successful in our shares being approved or cleared for trading on our BDTP™ platform. The BDTP™ is not yet functional and may never be functional.
Blockchain First Infrastructure Designed to Enable Public Company Common Shares to Trade as Digital Securities
Monday, 11 September 2023 09:29
https://www.accesswire.com/782422/blockchain-first-infrastructure-designed-to-enable-public-company-common-shares-to-trade-as-digital-securities
We intend to continue having discussions with various ATS's until we have secured an arrangement that will allow the BDTP™ platform to operate.
We currently intend to seek a contractual arrangement such as a license with an existing ATS for a quoting service, similar to the current listing of our common stock with OTC Markets Group. At this time, no ATS has committed to an arrangement.
BlackStar will Receive a Patent on its Revolutionary Digital Trading Platform: A Blockchain Encrypted Infrastructure Designed to Enable Digital Assets that are Securities to Trade on a Blockchain.
Tuesday, 24 October 2023 09:30 AM
https://www.accesswire.com/795852/blackstar-will-receive-a-patent-on-its-revolutionary-digital-trading-platform-a-blockchain-encrypted-infrastructure-designed-to-enable-digital-assets-that-are-securities-to-trade-on-a-blockchain
When asked for comment, BlackStar's CEO, Joseph E Kurczodyna stated that "this may revolutionize blockchain trading of digital assets that are securities." When this patent issues in due course at the USPTO, likely in November 2023, BlackStar will have a registered patent that will give BlackStar a 20-year monopoly on digital equity trading of securities on a blockchain.
Do you not know how foolish you look calling someone a liar when the facts are provided with links? 🙄
Sleep well...dream big....good nite peeps of Gotham.
Bubae is a liar! Quote that please, it is probably the most verifiable statement ever made on iHub!
The next court date is the 22nd and the change of venue was settled at the district level and was denied. The issue Blackstar had before the Nevada Supreme Court was Blackstar's motion for a stay on the preliminary injunction which was denied. Then the Supreme Court referred the issue to settlement and that also failed on April 9th. According to the district court docket an bench trial is scheduled for January 2025. Forum non conveniens refers to a court's discretionary power to decline to exercise its jurisdiction where another court, or forum, may more conveniently hear a case.
GS Capital received their shares covering the principle balance of a $33,682 principle outstanding. That doesn't sound like much money but GS Capital locked in a conversion price 0f $0.00012 with their November 2nd request based on the conversion language in the note. Next we are looking at legal fees, interest, costs on this note that matured in October 2022. The note is surely in default now and should be subject to the default penalties and interest. Depending on if GS Capital is honoring the rule 144 holding period those tranches of shares issued should begin to become vested at the end of June. If they aren't honoring the holding period they risk the wrath of the SEC who has been coming down on the toxic dumps as lenders failing to register as dealers.
I would appear that Blackstar may have had a case for change of venue to New York based on the language in the securities purchase agreement but the district court didn't agree. Blackstar in incorporated in Delaware and the conduct business in Colorado. GS Capital actually has offices in New York. If you want to pay fifty cents a page you can request the case information at the site linked below. Just wasn't worth it to me. Blackstar has much bigger problems with debt so why the courted trouble with this relatively small note made little sense.
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
All of the litigation has occurred in the context of a preliminary injunction. BlackStar only recently responded to the complaint, seeking to vacate the existing orders and move the case to New York because of a forum-selection clause in the parties’ securities purchase agreement. That issue will be addressed at a hearing on February 8, 2024.
The Company sought reconsideration and a stay of the Court’s order requiring a mandatory injunction converting the Company’s shares. The Court denied the Motion to Reconsider but stayed the order of a mandatory injunction pending appeal for 30 days as of January 11, 2024.
SECURITIES PURCHASE AGREEMENT
https://www.sec.gov/Archives/edgar/data/1483646/000106594921000193/ex10_5.htm
5. Governing Law; Miscellaneous.
a. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York without regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought only in the state courts of New York or in the federal courts located in the state and county of New York. The parties to this Agreement hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The Company and Buyer waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs.
case number is A-23-881099-B, plug it into the court search query link below.
https://www.clarkcountycourts.us/Portal/
If bashers are clowns then we could definitely open up a genuine 3-ring circus right now! Too many clowns on this board, posters are here to discuss why they're interested in Blackstar and not read into a 24/7 bash-a-thon! If you own BEGI, you own something valuable, because there are liars and thieves on this board that are trying to convince you otherwise to only enrich themselves. Know what you own my people!
Probably Sav-Marc. He has the ability to move the stock price on his own. Just ask him
How’s that working so far?
Oh and by the way, BLACKSTAR OWNS A 20 YEAR PATENT TO TRADE STOCKS ON BLOCKCHAIN!!!!! If anyone tries to bash that then you know they are a straight up fool or a thief with ulterior motives.....
Wells Fargo is reputable, no?
Just curious...
BEGI CEO owns 60% preferred shares.
No debt spiral, just noise.
Court day is coming.....hopefully a NV higher court will rule that the state of NV has no standing to make a ruling. I would love for NY to hear this case!!! Look into where GS Capital and Blackstar signed there contract at.....cha-ching!!!
No settlement has been reached. Now, we ponder if, how, and when will Blackstar challenge this in the NV Supreme Court...
https://caseinfo.nvsupremecourt.us/public/caseView.do;jsessionid=DD86B554D3E6998D3A6E9EB41AA71067?csIID=68335
Here you go. I was wondering who it was myself.
https://ihwiki.advfn.com/index.php?title=FAQ:Mod_Squad
If it isn't eligible for review it tells you that it wasn't a moderator of this board.
I have called you out before on your false information presented as fact. You even formatted post # 12685 as if it were copy and pasted facts from somewhere though you provide no links. I called you BEGI stock and other OTC stocks are NOT tokenized. They are what is referred to as book entry shares which are electronic representations of paper certificates which is what everyone trades currently on their own trading platforms. In fact, the CEO talks about "...tokens securitized by common stock..." currently being done legally on a blockchain in his first infomercial. Details with links to the video in post #12668. Blackstar does not use tokens. Digital Representation of Ownership: When BEGI stock (and other OTC stocks) are tokenized and traded on a blockchain,...
You claim that Blackstar is utilizing a decentralized blockchain. They have written an app that rides on Amazons product which is centralized. You also try to conflate what Blackstar proposes to do with that of digital assets and crypto currencies which is also false.
None of this matters because one fact has remained for years. Blackstar does not have regulatory approval to use their proposed idea for a trading platform. It is simply a narrative from which to sell shares in my opinion and these toxic note holders are making a fortune while Blackstar is receiving but a pittance in debt relief.
With the GS Capital note in litigation, the Quick Capital note in default for two years now, two other large notes that matured two years ago, this company is technically bankrupt in my opinion. This to say nothing about the recent series of eight nine month notes that began maturing last December, and there is more. We will revisit this when the annual is finally released. Monday will be the 15 day from the late filing extension notice.
SorcererDiviner18
Re: None
Tuesday, April 02, 2024 10:20:37 AM
Post# 12685 of 12989
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174158225
BEGI BDTP /Blockchain Technology: By using blockchain technology, ownership and transfer of these digital securities can be recorded and verified in a decentralized, transparent, and immutable manner.
Digital securities traded on a blockchain share some characteristics with other digital assets, such as cryptocurrencies, in terms of being tokenized and recorded on a blockchain.
SEC Correspondence February 13th 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000009/filename1.htm
The shareholder does not exchange their common shares for electronic fungible shares. If they hold book-entry shares of common stock, these are already electronic fungible shares that may be sent to the blockchain (BDTPTM) to be traded in the normal course on a partnering ATS platform. If they hold certificated shares, then they would deposit their certificates for common shares with their broker-dealer, who would then send the certificated shares to DTCC or the issuer’s transfer agent and receive book-entry shares via the DWAC service. The book-entry shares held by the brokerage firm in the name of the shareholder are electronic fungible shares.
OTC markets currently trade book-entry electronic fungible common shares as well, however, the BDTPTM platform, with its ATS/broker-dealer host, is a distinct market from the OTC market. Because it is distinct from the OTC market on which the common shares currently trade, there is a possibility that the prices reflected for the common shares will differ across the trading markets.
Bubae
Re: Joe DiMaggio post# 12658
Monday, April 01, 2024 10:43:53 AM
Post# 12668 of 12897
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174150905
So your post reveals a market that is operating in the crypto asset segment and does have a bright future, but that isn't what Blackstar is peddling. You are essentially revealing the competition. More disinformation to promote this stock...
...Want to talk about tokenized securities? The CEO talked about securities that are ...currently are traded LEGALLY in the form of tokens securitized by common stock which is thrown into a blockchain. Link to that infomercial below where the CEO makes the statement starting at about 9:30 into the segment...
securities on a blockchain.
AMENDMENT NO. 10 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000063/blackstar_s1a10.htm
Overview of the BDTP™ Platform
Blackstar has built the technology based upon the Quantum Ledger Database, a blockchain framework from Amazon Web Services (“AWS”), and to use the AWS Cloud for transaction data storage.
The Company does not operate in the crypto asset markets, does not have crypto asset holdings, and is not proposing to participate in the crypto asset industry, including crypto securities, crypto currencies, and tokens. The use of a blockchain in our proposed platform often gets conflated with crypto asset markets due to blockchain’s use in those industries as well.
Someone who is accusing others of financial crime, and I take that very seriously.
To all,the bot butt fest has come to a close...nite.
does it include healthcare?
He is so sure that I am manipulator that he won’t tag me and name me as such.
Because he knows it false and doesn’t want fallout.
Just checked my removed posts...can't thank you enough... no contest by me... boom baby....
If you were my son or daughter . I would put you in time out for 15 minutes ... smh
Take a moment and try to debate the content, maybe just once. How many posts have you dropped here offering nothing but constant shrill whine about what is actual due diligence complete with the links. It is this that make my posts unassailable and reduces everyone like yourself to complainers. My posts are for those who are conducting their own due diligence, not for you bag holders hoping to flip to the next fool or at least get out without the huge losses that you are sitting on. I bet this CEO sat around on the evening of March 22nd with those selling the conversions having beer and steak dinner laughing about the fools they conned.
You are blowing off into in the wind friend. Facts in the words of the company with links and you can't explain away why the liquidity driven by four infomercials since January is being soaked up with the selling. Few took the bait off the last infomercial. That must be rather unsettling for those of you wanting to flip or exit.
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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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