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My guess is that he infomercials have done their job with the disinformation coming straight from the mouth of the CEO. Worked well for the first three infomercials with as many as 119 million shares traded on March 22nd. Still couldn't crack the 2s due to the dilution soaking up the energy. Not the same story for the April 10th infomercial when only 3.4 million shares traded. In that one the CEO admitted that the trading platform was not allowed to operate. If someone had conversions at the ready then they must have decided to sit on them. The question isn't why few are selling, they represent old money. What Blackstar needs now is new money for more conversions that we know are in the pipeline. This CEO needs to buy a new suit, and conjure up a better sales pitch, and get out there for the next infomercial. 😆
If there are people who have decided not to buy based on his posts, then they are probably very glad.
Extra hard stock basher parade we have on this board here! I guess my posts must have struck a nerve.......the stock price went up today and the charts appear to show that we are moving up now.......know what you own.......
B E G I
2 0 2 4
Wowzer...you are so smart..glad we have you as the board mascot....
The only thing BEGI is going to disrupt is your bank account
The company prints, I report, you decide. 😆 Nasty stuff for sure. Hey, why does such a valuable company as you put it need to agree to more terrible terms for financing? I still like the conversions GS Capital is getting. $0.00006 a share, wow, while you have been paying retail price since a penny? At least you know who took your money and it isn't over by a long shot friend.
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
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)
I'm sure you have a terrific reason why nobody's selling? Well moondog,peeps are still stuck in the 20s,and are just waiting to get their money back....hmm,that's brilliant.
Lies? You mean all the information directly from the filings? Is it that you just don't want to believe what Joe has included in the filings or is it something else?
Charts don't matter if the narrative hasn't changed and the narrative of this company hasn't changed.
Except you would probably fail the test to get hired.
Not lies. Read the filing and everything he mentioned is in there. My guess is that you haven't because you're mesmerized by the word blockchain combined with stock trading and to you the filings don't matter. Not too smart if that's the case.
Your account is as fake as a big pair of ta ta's walking down Hollywood Boulevard! Your account on iHub only serves one purpose, TO SPREAD LIES AND MISINFORMATION ABOUT BLACKSTAR! YOU SHOULD BE BANNED!!!
You are the best far reader on the whole board.
I guess you didn't read as far as the links to the company's own print. Don't believe your lying eyes. 😚
You don't have enough brain power to figure out how to light one of my cheap dried up cigars in a raging forest fire! Stop your lies! BEGI is an up and coming company with revolutionary patented technologies that will disrupt the financial sector of the global market. I know what I own you deceiver!
Blackstar has already written several new notes for 2024 for unrelated individuals totaling $139K, again with more free shares as sweeteners. They borrowed $400K in 2023 with these same terms with those free shares. According to the annual, Blackstar issued 71,250,000 shares of its common stock in 2023, valued at $266,063 in servicing this debt. Sorta, maybe looks like Blackstar is pretty hard up for financing. Where is the mafia when you need a few bucks? 😆 As bad as 71 million shares for financing $400K is, it still pales in comparison of only $200,432 in debt relief for the issuance of 845,162,311 shares in 2023. Wow.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
In 2023, we received loans of an aggregate $400,000 from four investors, due nine months from receipt with interest at 11% per annum. Based on our current cash reserves of approximately $33,550 as of December 31, 2023, and our receipt in 2024 of $139,000 in short term loans from three investors, we estimate that we will have cash for an operational budget of approximately four (4) months.
Page 57
In 2023, we received $400,000 in non-convertible debt financing from non-related individuals, of which $325,000 is due within one year of issuance with interest at 11% per annum, and $75,000 is due from 2025 to 2026 with interest at 5.5% per annum. As consideration for entering the note agreements in 2023, the Company issued to note holders an aggregate 71,250,000 shares of its common stock, valued at $266,063....
NOTE 5 – STOCKHOLDERS’ DEFICIT (continued)
During the year ended December 31, 2023, the Company issued shares of its common stock as follows:
share as per antidilution provision of the warrant agreement...
I rest my case and that is possibly the most credible piece of information that you have ever divulged on this board! It is really revealing to discover that Burger King has lowered their standard so much.
Ahhh you're back with your bull predictions. So far none of them come true. Well, at least for the last 3 months.
BIDS FAR OUTWEIGHING THE ASKS IN THIS RANGE!!! GOING TO .OO2 LAND!!!
You doing ok bruh?
Shut up, liar. We got momentum now!
Put on your mask....When the shiz hits the fan,all the bubae spew will be blowing in the wind...
I did not know that the documents were available on the Supreme Court site. I guess it is a bridge to far to include in the 8K that retraining order was no longer active. If you want clarification you need to dig through court records. Much like trying to make sense of GS Capital receiving 195,620,499 shares at a price of $0.00006 as stated in the annual. You can't find a justification for that in either of the lawsuit update 8Ks. Add up the total shares in the four tranches listed in the January update and we get 257,701,499 shares. Priced at $0.00006 $15,463 far short of the $33,682 principle balance. I guess we are to dig through the court records as well to find the answer to this question as well.
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)
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
Meanwhile, the preliminary injunction ordered the Company to honor the conversion requests of November 2, 2023 (for the conversion of 62,084,333 shares of common stock – completed December 21, 2023) and the three subsequent requests GS Capital claimed it “would have” made (62,023,333 shares, 65,168,333 shares, and 68,425,500 shares). In order to comply with the mandatory injunction, prior to the stay, the Company increased the share reserve for GS Capital Partners LLC and they subsequently completed the first two conversions.
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
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. The following is a litigation update subsequent to the update provided in the Form 8-K filed January 23, 2024.
All buys...bye..bye...now....
Are you busy prepping for the run?
You are ruining the "dog chasing his tail" morning cartoon.
BOOOM! Thank you for the dose of reality and actual citation of factual research my good Sir!!! The constant stock bashing about this small up and coming company is at times nauseating!
Did you know that you can read all the filings in the Nevada Supreme Court case (unlike the Clark County district case)...
https://caseinfo.nvsupremecourt.us/public/caseView.do;jsessionid=3856EC6FBAE306463832E195DC457FC7?csIID=68335
AND did you know that when you file a Notice of Appeal, you include all the orders from the District Court?...Well this means you can do that "research" that you are so good at and answer your own question by reading the Motion for Stay and the Notice of Appeal.
Exhibit 4 to the Motion for Stay is a copy of the District Courts 11/9/23 Order. This is the order that granting the request for the restraining order. It says "It is further ordered that this Order to TEMPORARILY restrain and enjoin the conduct of Defendants and its agents...shall remain in effect until the hearing on the Preliminary injunction, unless further extended or modified by order of this Court or stipulation of the parties."
The original hearing date was 11/27/23, but that was continued until 12/7/24. At this the Court granted specific performance and the restraining order vacated.
See how easy that was!
Wow wee,golly gee...That's grand...would like some of those increased shares to hit before the pump..
I just made a big splash! Surf's up! Catch the wave before you get a wipeout!!!
Your posts are ridiculous. Do you have a real job? or are you just paid for bashing stocks? Weird way to make money.
There is a court hearing today for the GS Capital lawsuit. I had speculated before that perhaps Blackstar would request that the restraining order be lifted with the ongoing issuance of shares to GS Capital. What we know now from the annual is that Blackstar has been issuing new shares after the restraining order was in place so it must have been lifted early on some time between November 9th and December 31st. So why did Blackstar include the line notifying everyone that the restraining order was in place in the January 11th lawsuit update in a way as to suggest it is ongoing. The February lawsuit doesn't mention it at all.
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
...At the outset of the case, a temporary restraining order was entered preventing the Company from trading any shares...
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
case number is A-23-881099-B, plug it into the court search query link below.
https://www.clarkcountycourts.us/Portal/
Looking forward to bubae s early morning post filled with fun facts and old links.... and a drive by negative post from the brew master... gonna be a fun week....
I think that’s called dilution
I love increased share counts... more liquidity for the pump... gotta figure i make a few bucks...
We have had a share count increase every months since the beginning of the year. I expect another for the start of March. Subtract the current share count from that at the end of 2023 and we have 195,620,499. That number matches the number of shares issued to GS Capital at $0.00006 per share. Looking at the statement in the 10K Blackstar "reserved out" 259,683,053 shares for convertible promissory notes as of March 29, 2024. Looking for another outstanding share increase of 64,062,554. See any mention in the January lawsuit update that the conversion price for these conversions would be $0.00006? If GS Capital settles that principle outstanding amount of $33,682 for $0.00006 a share you are looking at a total of 561,366,666 shares. So what is going on?
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Holders
As of December 31, 2023, there were approximately 351 record holders of 1,544,696,448 shares of our common stock. The Company has also reserved out of its authorized Common Stock approximately 259,683,053 shares of Common Stock for conversion pursuant to the convertible promissory notes as of March 29, 2024.
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)
FORM 8-K
Update to November 6, 2023 Nevada Lawsuit
Date of report (Date of earliest event reported): January 11, 2024
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.
Meanwhile, the preliminary injunction ordered the Company to honor the conversion requests of November 2, 2023 (for the conversion of 62,084,333 shares of common stock – completed December 21, 2023) and the three subsequent requests GS Capital claimed it “would have” made (62,023,333 shares, 65,168,333 shares, and 68,425,500 shares). In order to comply with the mandatory injunction, prior to the stay, the Company increased the share reserve for GS Capital Partners LLC and they subsequently completed the first two conversions.
You guys are real movers and shakers
Looks like a portrait of trendtrade...lol.
Some good news is Brew likes to negatively chime in prior to a run... it's been his mo for years.
Short "volume"s meaningless intra-day order processing volume. Just MMs doing their job filling orders during the day. Short INTEREST are open short positions needing to be bought back at some point in the future.
Well, I suppose somebody has to...
I love that you like your own posts lol...
I don’t disagree that the whole thing is a bit of a shit show. This is a brutal environment for OTC startups with zero revenue. At some point soon, they need to shit or get off the pot.
I just don’t think it will be a death sentence based on my own speculation.
There are some elements I am closely watching.
I believe it will all be over Q2? Again, my speculation.
We need to see how they advance the other aspects of the platform that do not require approval and can bring in revenue - as I think SEC comms are slow, unproductive in nature, and there is no defined approval process. Exchanges just launch (see coinbase) and hope they meet the standards of SEC and investor protection. If not— they get sued, paid a fine, move on. Nobody notable has been forced to shutdown.
Other than someone like FTX who were doing drugs and stealing funds.
Fair enough.
I actually have filed on this subject of the defaulted note. From what I see given the other numbers stated in the 10K it appears to me that that they settled that note for far more than the 22,900,757 shares in the 10K Filing. Depending on when those shares were dumped Quick Capital could have made an obscene profit off that note with an original principle of only $33,275. The second question for that transaction would be, did Quick Capital immediately dump those unregistered shares into the the market to take advantage of the price level after runup in late November.
You might note that the two 8K filings for the lawsuit updates were in January and February 2024 and contain the line "...the Company could be exposed to further risks of lawsuits for similar issues...". The settlement for the defaulted Quick Capital note was reported to have been done in Q4 2023. The GS Capital lawsuit is over a principle balance of what was only $33,682. The defaulted Quick Capital note had an original principle of only $33,275. So Blackstar has gotten into trouble over some relatively small notes and doesn't mind burning cash on billable hours for lawyers. All borrowed funds of course.
Now consider that the two remaining notes in the S-1 offering are still intact as of the current filing with principle balances outstanding of $584,079 and matured two years ago. Those notes with interest would be worth North of $800K now. The S-1 only registered 46 million shares and appears to be of little use to settle these notes. Form D filings done at the time the notes were written but would not be enough from what I see and would represent restricted shares. What happens if either of these lenders exercise their rights to convert at 50% discount to market under the terms of the notes. Does Blackstar tell these lenders to shag off like they did GS Capital and end up in another very costly lawsuit? I leave it up to Blackstar to detail the possibilities it is their statement after all. All we can do is look at the possibilities since they broached the subject.
FORM 8-K
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
The Company may need to increase the authorized shares of common stock in order to accommodate any continued conversions, judgments, or settlements, and the Company could be exposed to further risks of lawsuits for similar issues. The Company will also expend additional resources in the ongoing litigation and any potential resolutions outside the above-reference conversions to common stock (which were already contemplated in the original convertible promissory note), negatively impacting its financial position.
FORM 8-K
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
The risks of continued litigation on this matter are as follows: the Company may need to increase the authorized shares of common stock in order to accommodate any continued conversions, judgments, or settlements, and the Company could be exposed to further risks of lawsuits for similar issues. The Company will also expend additional resources in the ongoing litigation and any potential resolutions outside the above-reference conversions to common stock (which were already contemplated in the original convertible promissory note), negatively impacting its financial position.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
QUICK CAPITAL LLC
Page F-14
On November 23, 2020, the Company entered into a financing agreement with Quick Capital LLC (“Quick Capital”) to borrow $33,275 with a due date of July 16, 2021. The note bears interest at 10%, with a default rate of 24%, and is convertible into shares of the Company’s common stock. The conversion price is to be calculated at 60% of the 2 lowest trading prices of the Company’s common stock for the previous 20 trading days prior to the date of conversion....
Page F-15
During 2023, Quick Capital converted, in two tranches of 4,900,757 and 18,000,000 shares, principal balance of $39,322 and accrued and unpaid interest of $27,225 at conversion prices of $0.000132 to $0.00366 per share under the conversion provision and terms of the note agreement. Upon delivery of the 18,000,000 shares converted under the second conversion, Quick Capital forgave the outstanding principal balance of $68,451.
Page 56
Results of Operations
Legal and professional fees of $326,527 for the year ended December 31, 2023 increased by $199,135 from $127,392 for the year ended December 31, 2022. During 2023 the Company incurred legal fees for litigation and settlement of issues with convertible debt holders which were not incurred in prior years, in addition to recurring costs for SEC regulatory and statutory filings matters. Fees for 2022 were predominately for SEC regulatory and statutory filings, fees for annual audit and quarterly reviews and filings for a Registration Statement on Form S-1 to register underlying common shares for issuance to investors.
We did, it got bought out the red, you're Friday night chicken wing money can't keep the stock price down for long.
I hope you and your friends buy enough to move the price
100% bucking on point there my guy!
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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