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You are a Genius! 🙄 Flipping for a profit is the game in the OTC. Those holding long simply got holding the bag.
Actually it would appear that no one does want to deal with Blackstar's trading platform idea. Blackstar has been talking about getting their own shares on their patented trading platform for years and is still unable to do so. I talk about this in post # 11917 including the CEO's comment on this subject in the first infomercial with links.
In 2020 the SEC gave Blackstar guidance on what they needed to do to use their platform idea. However if everyone who may want to use the trading platform idea needs to apply for Alternative Trading System ("ATS") status, then of what use is it? Two paid infomercial interviews with the CEO and he doesn't mention the subject though according to the company's own print "The completion of our software platform depends on our ability to license it to an existing Alternative Trading System (“ATS”)..."
Bubae
Member Level
: kid biscuit post# 11912
Wednesday, February 28, 2024 6:16:48 PM
Post# 11917 of 12074
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173939968
Member Level
Re: kid biscuit post# 8965
Sunday, January 07, 2024 3:56:27 PM
Post# 9006 of 12074
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173579022
I can understand why you believe that. You are another one who has been pumping this since it was trading above a penny. Your post below on the day that this hit the 52 week high of $0.0128.
NorthPeak22
Re: None
Monday, November 27, 2023 9:18:11 PM
Post# 4047 of 12072
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173306539
Waiting for orders to fill? 🤣 I thought you were trying to move the stock up with your super powers. Your plan is to lock up the float but waiting, yet you claim this is so undervalued? 🙄 Meanwhile Blackstar cautions that they may need to raise the authorized share count to accommodate the current lawsuit. Looks like they will be moving the goal on you soon. You are a loud bit player capable of no more than a petty paint at the close.
Savannah-Marc
Re: None
Thursday, March 07, 2024 7:37:36 PM
Post# 12034 of 12068
Re: None
Friday, March 08, 2024 10:19:47 AM
Post# 12043 of 12068
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ixviewer/ix.html?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.
For the quarterly period ended September 30, 2023
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
ITEM 1. LEGAL PROCEEDINGS
A LAWSUIT WAS FILED AGAINST THE COMPANY ON NOVEMBER 6, 2023.
On November 6, 2023, GS Capital Partners LLC filed a lawsuit against the Company in Nevada regarding the unavailability of conversion shares relating to the Promissory Note entered into on October 11, 2021 and the remaining principal balance of $33,682. The plaintiff is seeking specific performance for the reserve of 700,000,000 shares, or damages in excess of $15,000, plus interest, costs, and legal fees. The lawsuit increases the company’s financial and administrative burdens and is a risk to the Company’s capital. Although the Company is attempting to settle the dispute by paying the note in full, there is no guarantee that this will settle the matter in its entirety. The Company may need to increase the authorized shares of common stock in order to accommodate any judgments or settlements, and the Company could be exposed to further risks of lawsuits for similar issues.
Did you paint the close as well?
Wow, long term? 😆 You were pumping on November 28th the day after the 52 week high of $0.0128. You were pumping here and on twitter? I can see what you and Savannah-Marc have in common, both of you are trapped long. 🤣
Shawonsarker84
Re: None
Tuesday, November 28, 2023 8:50:12 PM
Post# 4298 of 12061
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173315374
$BEGI A big story to be unfold! I aint giving up after seeing that big slap of 4M by a whale today. Good close. pic.twitter.com/DGvX0VmwRl
— 007: A fearless OTC Trader (@shawonsarker84) November 29, 2023
The obsession comes from the angst knowing that what is in the company's own print is undeniably true. This stock will eventually get crushed by dilution and many are holding heavy bags of shares that will be very difficult to move when it comes time to salvage what is left. In fact that poster claims that they continue to accumulate and have been since this was trading around a penny. This particular poster even claimed today to be responsible for the 40% runup yesterday. I'm sorry, who are you calling morons? 🤣
Lies? 😆 Pumpers of this stock have had a solid lock on the disinformation here since October 24th and most who have played with this has lost their azz. Here are some more lies right from the company own print. It isn't often that you see lenders taking even a stinky pink to court to get their shares. The consequences of this lawsuit must be fairly severe for Blackstar to continue to not settle what was originally only $33K in principle balance. Can't wait to see what this will ultimately cost Blackstar in shares.
Since Blackstar doesn't seem to believe they must pay their institutional lenders with one note in court and another in default for nearly two years they have turned to borrowing from so called "unrelated individuals". A series of eight, nine months notes, two matured in December and two more in February. Not to worry though because GS Capital has a restraining order on Blackstar preventing them from trading shares as of mid November 2023. I guess these individuals believe they will do better with recovering their money than the institutional lenders were. Now the shares promised as sweeteners for the notes is noted ..."to be issued" at September 30th and along with 8 million shares for company principles comes to a total of 41,750,000 shares. Now were these issued before the restraining order in mid November? If so then count 180 days to vest these unregistered shares and could they vest in March? April?
Bubae
Re: moondogaz post# 11690
Monday, February 19, 2024 6:40:18 AM
Post# 11698 of 12054
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
For the quarterly period ended September 30, 2023
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
NOTE 5 – STOCKHOLDERS’ DEFICIT
Common Stock
At September 30, 2023, the Company has recorded common stock to be issued as follows:
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ixviewer/ix.html?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.
Yeah, read your post history, holy crap 😆🤣 I honestly do hope that you are buying as much as you are capable of. 🤣 Same story now as in your post back in November when it was trading above a penny, right? All the bashing just creates more opportunities for you to accumulate. 😆 I do enjoy watching the carnage here and it is far from over. If you are paid to pump this thicker then someone is due a refund.
Re: ice trader post# 4303
Wednesday, November 29, 2023 10:33:21 PM
Post# 4442 of 12043
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173325037
Yeah, you aren't aren't buying so I call Bullshite on your post. 🤣 You know as well as everyone else here that a deluge of dilution will be hitting the street after this lawsuit is settled. Look at it run today!!! whooo Hooo, Looks to me like someone orchestrated a little bump yesterday and maybe bagged a good 30% return. Chase this ticker at your peril because insiders are banking the bulk of you losses.
The restraining order will be lifted and Blackstar will once again be able to move the debt that was queued up for this promotional period last fall. The 180 day clock started for GS Capital's lawsuit shares in December with the first tranche of shares. My prediction is that the second half of 2024 will be a disaster for those who chase the promotion here.
Promotion somewhere for sure given the history here and someone is banking some profit. Someone knew the dilution dump was done or coming to an end on January 5th after what was a 67% drop on relatively high volume starting with the open at $0.006 on December 28th and closing at $0.002 on January 5th. See how that bottomed out nicely on Friday the 5th? Look how tight the trading range was on January 5th with nearly 51 million shares traded. Someone appears to be soaking up shares between $0.0016 and $0.002. Then on Monday, January 8th it was time to cash in with a little twitterverse promotion driving 116 million shares of trading with a high of $0.0038. So all who knew that January 5th was the time?
Join us tomorrow at 4PM EST for the next OTC Stock Talk twitter space!
— Stock Picks NYC (@StockPicksNYC) January 8, 2024
Guest companies will be $STAL and $FLYNF
After the interviews, ANYONE can speak and share their OTC stock in focus🎙
Some we will try to cover$SSOF, $YCRM, $BMXC $AMEGF $BEGI $QCCUFhttps://t.co/ALX3f0DH1f
Today's movers: $YCRM, $BETS, $FTCHF, $SPZI, and $BEGI
— Kebrik the Profit (@kebrik) January 8, 2024
Morning movers $FTCHF $SPZI $AITX $BEGI
— OTC Circle (@OTCCircle) January 8, 2024
Oh you sound like so may that I have been educating since this was trading at the 52 week high of $0.0128 last November. 😆 Blackstar converted 698 million shares at an average of $0.00017 more than doubling the outstanding share count. They have a GS Capital lawsuit in progress that is delivering hundreds of millions of shares priced at only $0.00013 a share. They have a Quick Capital note that has been in default for a couple of years that converts lower than the others with some very nasty default language. There are two large notes in the S-1 offering that received its notice of effect last July that matured two years ago waiting to get into the game. We will see how much if any of that was converted in the next financials because GS Capital obtained a restraining order on Blackstar in the middle of November when this was getting enough traction to maybe move some of the S-1 offering. That is just for starters because the pipeline is full and this company isn't shy about promoting to move the shares.
Bubae
Re: None
Sunday, December 10, 2023 12:19:18 PM
Post# 6301 of 6398
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173398168
Re: None
Monday, January 01, 2024 6:10:32 PM
Post# 8502 of 12029
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173540721
I suspect someone is promoting somewhere. The same thing has happened previously and many new bag holders were created. Some influencers pumped this on twitter creating a nice pop after a heavy dilutive sell off between December 28th and January 5th and made nice bank on the fools that chased this promotion. As usual in the OTC assume that you are being setup and you will likely be correct. Post# 11665 has links to the twitterverse promotion and more.
Bubae
Re: None
Friday, February 16, 2024 8:55:40 PM
Post# 11665 of 12023
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173867460
You think that is a bargain, GS Capital is getting their shares for $0.00013. Check it out, The last share count increase dated February 2nd closely matched the second tranche of shares in the 8K lawsuit update. The increase today update exactly matches the third tranche of 65,168,333 shares stated in the 8K. 68,425,500 shares left on preliminary injunction addressing just what owed on the principle balance of $33,682. Next up is the judgement addressing the interest, potential default penalties and legal fees. Ever see a ticker create such a mess over a principle balance of only $33K?
Bubae
Re: None
Tuesday, February 13, 2024 8:21:41 AM
Post# 11514 of 12022
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173833062
FORM 8K January 11, 2024
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
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.
Get ready, they are walking it up for a reason. 😆 It is their Modus operandi so flip them if you have them because someone is promoting somewhere which means there are new shares to sell.
Another outstanding share count increase. This was done today though it is dated March 1st, typical. Looking at another 65,168,333 shares added. Probably more lawsuit shares. So take the previous lawsuit shares tranches dating back to December 21st, add the 180 day holding period and we will have some fun this summer and the rest of 2024 with the conversions.
Bubae
Re: kid biscuit post# 11884
Monday, February 26, 2024 6:02:59 PM
Post# 11889 of 12006
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173926758
Of course. 😆The price goes back up a couple of ticks and you are so pleased with yourself. Hey, how about that nickel, come on, you haven't given up on that have you? It was a relatively low float, very high promotion on social media, and a general ignorance of what Blackstar is peddling when tis took off in October that was able to fuel this to a penny. Now it has been hammered with the dilution and there is a ton in the pipeline.
Savannah-Marc
Re: None
Friday, November 24, 2023 1:19:41 PM
Post# 3706 of 11996
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173290414
Save your powder and send GS Capital a Christmas card when the lawsuit shares start hitting the street. 😆 What do you think happens when the restraining order preventing Blackstar from trading any shares since mid November is lifted. It is not often that you see lenders bringing suits against even a stinky pink ticker over the failure to deliver shares.
You will know when the new shares are coming because they will get the infomercials rolling again. Those spots generated some volume but they dumped into so the range between 2 and 3 got swamped. You can boast about buying more shares but you have been here pumping since this was north of a penny so you are down a bundle. 🤣
FORM 8K
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
...a temporary restraining order was entered preventing the Company from trading any shares...
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.
case number is A-23-881099-B, plug it into the court search query linked below.
https://www.clarkcountycourts.us/Portal/
For the quarterly period ended September 30, 2023
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
A LAWSUIT WAS FILED AGAINST THE COMPANY ON NOVEMBER 6, 2023.
On November 6, 2023, GS Capital Partners LLC filed a lawsuit against the Company in Nevada regarding the unavailability of conversion shares relating to the Promissory Note entered into on October 11, 2021 and the remaining principal balance of $33,682. The plaintiff is seeking specific performance for the reserve of 700,000,000 shares, or damages in excess of $15,000, plus interest, costs, and legal fees. The lawsuit increases the company’s financial and administrative burdens and is a risk to the Company’s capital. Although the Company is attempting to settle the dispute by paying the note in full, there is no guarantee that this will settle the matter in its entirety. The Company may need to increase the authorized shares of common stock in order to accommodate any judgments or settlements, and the Company could be exposed to further risks of lawsuits for similar issues.
How many still around fell for the monopoly narrative launched by this CEO in October 2023 which helped fuel this heavily promoted effort on social media? Second interview within the first two minutes he talks about the patent and states "...we were given a 20 year LOOK at the market..." and ..." for the next 20 years the patent will be in effect...". Gone is the talk of a monopoly which is defined as a "...the exclusive possession or control of the supply of or trade in a commodity or service. What they have is a method patent does is give Blackstar the privilege to defend what Blackstar is still unable to do as defined in the patent. The method patent also appears to be weak given the statement in the S-1 offering prospectus "... Significant elements of our intended products and services are based on unpatented trade secrets and know-how..."
Second point is the first two minuets is the claim of a family of patents around their technology. What they have is a method patent that is operating on a "...Quantum Ledger Database, a blockchain framework from Amazon Web Services (“AWS”), and to use the AWS Cloud for transaction data storage." So to claim they have developed a technology is a bit of a stretch. Now they want to pencil in "corporate governance" and "capital fundraising" into the method template and sell that narrative. They aren't even able to use the original idea or show that anyone is interested in using it. There have been some heavy losses banked here that went directly into the pockets of these toxic lenders holding shares priced at less than $0.0002 a share heavily promoted by this CEO.
Something else I noticed, the 8K filing which reports the article dated April 24th included the monopoly claim in the filing linked on the OTC site. This statement does not appear on the 8K filing for the SEC EDGARs database but rather in a link to the article.
Date of report (Date of earliest event reported): October 24, 2023
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594923000089/blackstar8knov12023.htm
Date of report (Date of earliest event reported): October 24, 2023
https://www.otcmarkets.com/filing/html?id=17021626&guid=4td-kaJ6H_M4B3h
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
RISK FACTORS RELATED TO OUR PLATFORM AND BLOCKCHAIN/DISTRIBUTED LEDGER TECHNOLOGY
IF WE ARE UNABLE TO PROTECT THE CONFIDENTIALITY OF OUR TRADE SECRETS, OUR BUSINESS AND COMPETITIVE POSITION COULD BE HARMED.
Significant elements of our intended products and services are based on unpatented trade secrets and know-how that are not publicly disclosed. In addition to contractual measures, we try to protect the confidential nature of our proprietary information using physical and technological security measures.
INTELLECTUAL PROPERTY RIGHTS CLAIMS MAY ADVERSELY AFFECT THE DISTRIBUTE LEDGER TECHNOLOGY.
Third parties may assert intellectual property claims relating to their source code, including Distributed Ledger Technology. Regardless of the merit of any intellectual property or other legal action, any threatened action that reduces confidence in distributed ledger technology’s long-term viability may adversely affect an investment in us.
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 BDTP™ would offer a web-based interface for trading transactions as well as an Application Programming Interface (API) that directly accesses all transactions stored on the BDTP™. In June 2020, BlackStar and Artuova, a custom software development company, successfully completed a production ready user interface for the BDTP™ platform, which is feature-complete.
Here we go again with the charting safety need to preach about. So what is the narrative for moving more of the convertible debt when the time comes? How badly will Blackstar get whacked by this lawsuit for failure to deliver shares? How often do you see a even a stinky OTC ticker rebuff their lenders. Th GS Capital note is in a lawsuit and a Quick Capital note that has been in default for nearly two years now with some very nasty default and conversion terms. The next financial filing will likely to come until the first week of April so we are in the dark in terms of how much of the convertible debt in the offerings was handled before GS Capital managed to get a restraining order in place around id November. This is a wild mess than will only be resolved by conning new traders into buying when the time comes to move those shares. Put that into your chart and recalculate maybe?
Bubae
Re: kid biscuit post# 11884
Monday, February 26, 2024 6:02:59 PM
Post# 11889 of 11976
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173926758
Likely no need to promote right now so no need for press releases and aggressive pumpers. The lawsuit is muddling along and we may have finally hit the lull between shares dumps. The holding period for all those shares issued in Q2 and Q3 2023 are probably all in the market now. GS Capital managed to get a the restraining order grated in mid November preventing Blackstar from trading any shares so that help dry up the dilution for a bit.
We know that GS Capital received some shares in December from the lawsuit proceedings and we have seen a couple of outstanding share count increases since the beginning of the year so count out 180 days for those to become available. We need to see the next filing to see how much, if any, of the S-1 offering debt was converted before the restraining order. Meanwhile the shares that could be issued from the lawsuit could be pretty dramatic and is why Blackstar is burning the cash they don't have defending it.
FORM 8K
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
...a temporary restraining order was entered preventing the Company from trading any shares...
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.
case number is A-23-881099-B, plug it into the court search query linked below.
https://www.clarkcountycourts.us/Portal/
For the quarterly period ended September 30, 2023
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
A LAWSUIT WAS FILED AGAINST THE COMPANY ON NOVEMBER 6, 2023.
On November 6, 2023, GS Capital Partners LLC filed a lawsuit against the Company in Nevada regarding the unavailability of conversion shares relating to the Promissory Note entered into on October 11, 2021 and the remaining principal balance of $33,682. The plaintiff is seeking specific performance for the reserve of 700,000,000 shares, or damages in excess of $15,000, plus interest, costs, and legal fees. The lawsuit increases the company’s financial and administrative burdens and is a risk to the Company’s capital. Although the Company is attempting to settle the dispute by paying the note in full, there is no guarantee that this will settle the matter in its entirety. The Company may need to increase the authorized shares of common stock in order to accommodate any judgments or settlements, and the Company could be exposed to further risks of lawsuits for similar issues
So you are down $69K on this trash at the moment yet you have made $300K trading this it while they diluted it. OK 🙄 So in one respect you are down despite what I have been posting here for more than two years, yet on the other hand you are so clever you have managed to bank $300K on your flips while heavily promoting this all the way down? My prediction is that you will be down more than $100K when the split is announced. 😆
I'm the fool? 😆🤣😂😅
Who has been holding this crap since the summer of 2021 and pumping it all the way down. Holy crap, talk about dilution and denial. People looking at this really should look at your and Paul's post history here for the past few years. I stand by mine.
No one can tell you when they will split the stock so stop wit the BS. I have been talking about the potential for reverse split since they dumped right at 1 billion new shares is Q3 and Q4 2021 taking this into the trips for the start of 2022. Maybe if Shan Leon had done what he should have done he wouldn't have had the debt go into default. Maybe he wouldn't have needed to hand over their best performing wholly owned asset in the Canadian property to Leonite. Maybe the could have purchased the treatment center property like they said instead of the crazy property purchase, sale, lease back deal to refinance the mess into a long term liability that now must be paid on monthly, On and On...
Now they continue to borrow because apparently Shawn still hasn't come up with a scheme to get that regulation "A" offering sold. Once he does however you can bet there will be a split. Shawn Leon moves at a glacial pace and by the time he does act the benefit is largely lost. That will be the case for this regulation "A" offering as well in my opinion. By the time he makes it viable it will do little other than retire some debt instead of something constructive for shareholder value.
Going back to December 2021 I find a post where I mentioned a reverse split. That post shows yet another example of how dishonest the people behind this are. The FAQ page release July 27th and a response to the question of dilution. They state that the end is coming soon and that it has been on the decline in the previous three months. But that wasn't the case was it, in fact they went on to dump right at 1 billion new shares in Q3 and Q4 2021 after saying that it would end soon.
Bubae
Member Level
Re: StockLogistics post# 40286
Friday, December 24, 2021 4:20:21 PM
Post# 40293 of 49755
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167252620
The company really should answer some questions about previous comments. One about the reverse split issue in light of the recent share structure destruction and the debt amount of debt that is currently eligible.
Another would be about the about the statement that the dilution would stop soon in the July 2021 document. I bet a lot of traders have banked losses based on that statement believing that they might catch a bottom.
Maybe the comment was based on the assumption in the quote. But to your point, they continue to borrow funds to operate because net earning even with the addition of ARIA isn't cutting it.
FAQ page release July 27, 2021
https://ethema.wpengine.com/?page_id=683
When will the debt be brought under control and when will the dilution stop?
"We cannot tell yet how much more conversion there will be but the rate and amount are in a dramatic decline. We do see an end coming soon since that has been the direction for much of the past three months."
For the quarterly period ended March 31, 2021
https://sec.report/Document/0001721868-21-000319/
Authorized and outstanding
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share.The company has issued and outstanding 2,262,849,130 and 2,027,085,665 shares of common stock at March 31, 2021 and December 31, 2020, respectively
235,763,465 new shares for Q1 2021
For the quarterly period ended June 30, 2021
https://sec.report/Document/0001721868-21-000524/
Authorized and outstanding
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 2,601,515,456 and 2,027,085,665 shares of common stock at June 30, 2021 and December 31, 2020, respectively. 338,666,326 shares for Q2
338, 666,326 increase for period Q2 2021
For the quarterly period ended September 30, 2021
https://sec.report/Document/0001721868-21-000835/
Authorized and outstanding
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 3,111,047,811 and 2,027,085,665 shares of common stock at September 30, 2021 and December 31, 2020, respectively.
509,532,355 new shares for Q3 2021
For the fiscal year ended: December 31, 2021
https://sec.report/Document/0001903596-22-000192/
a) Common shares
Authorized and outstanding
The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 3,579,053,805 and 2,027,085,665 shares of common stock at December 31, 2021 and December 31, 2020, respectively.
468,005,994 new shares for Q4 2021
Blackstar isn't trading stocks on a block chain either. You won't find anything in the two infomercials that says they are. Listen closely and discover hat they have nothing to sell but debt conversions.
Bubae
Member Level
Re: kid biscuit post# 11912
Wednesday, February 28, 2024 6:16:48 PM
Post# 11917 of 11961
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173939968
Now try to be accurate. I was actually calling for $0.24 post split. 😄 Now considering that they should have split the stock when they sent it into the trips with nearly 1 billion new shares in Q3 and Q4 of 2021. Shawn Leon is more likely to just doddle along with more colorful refinancing and borrowing. The hole just keeps getting deeper as they convert defaulted debt into long term liabilities that must now be repaid monthly. They however fool no one but themselves because this treatment center business is a very expensive business model returning nothing to Ethema Health (GRST) shareholders.
Bubae
Re: None
Tuesday, February 13, 2024 2:29:51 AM
Post# 49692 of 49752
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173832386
Promoters of this stock were very successful early on conflating what Blackstar's trading platform proposes to do with what is going on in the crypto currency markets. One has nothing to do with the other but it doesn't stop the CEO from promote the association in the second infomercial. First three minuets of the video he essentially claims that the SEC approval for ETFs to trade bitcoin gives Blackstar's product a "greenlight" which is total BS and worthy of a SEC complaint in my opinion.
The CEO talked about tokens in his infomercial which got may attention as something I did not know. Starting at about 9:30 into the first infomercial the CEO talks about securities that are traded LEGALLY in the form of tokens securitized by common stock which is thrown into a blockchain. So for what reason would regulators change the rules for the industry to accommodate what Blackstar wants to do since there is a legal form of trading common stock on a blockchain already?
The statement in the S-1 offering regarding the subject of conflating what is going on in the crypto currency arena with what Blackstar proposes to do. "...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."
AMENDMENT NO. 10 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.otcmarkets.com/filing/html?id=16735041&guid=rhJ-kqztWEy2B3h
THE COMPANY MAY FACE REPUTATIONAL HARM, LOSS OF FINANCING, STOCK PRICE VOLATILITY, AND/OR LOW DEMAND FOR SERVICES BY PROXIMITY TO THE CRYPTO ASSET MARKET.
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.
First Infomercial
Why is it you chart guys never predict the huge sell offs? In fact you were pumping this just before the 70% sell off between December 27th and January 4th. How about the lawsuit dilution to come, can you chart that? How about the other nasty notes waiting to get into the game. The risk management plan includes reading the filings and understand that this company must get new shares sold off a narrative that has been widely exposed.
What are you talking about. There is in fact a current ongoing GS Capital lawsuit over the failure to deliver shares dated November 6th. The company goes on to state "...the Company could be exposed to further risks of lawsuits for similar issues...." Blackstar has another note currently in default, a couple of others in the S-1 offering filing that matured two years ago with equally nasty conversion language. I believe the degree of angst over your upside down position has triggered a state of denial. 😆
FORM 8K
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ixviewer/ix.html?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.
For the quarterly period ended September 30, 2023
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
A LAWSUIT WAS FILED AGAINST THE COMPANY ON NOVEMBER 6, 2023.
On November 6, 2023, GS Capital Partners LLC filed a lawsuit against the Company in Nevada regarding the unavailability of conversion shares relating to the Promissory Note entered into on October 11, 2021 and the remaining principal balance of $33,682. The plaintiff is seeking specific performance for the reserve of 700,000,000 shares, or damages in excess of $15,000, plus interest, costs, and legal fees. The lawsuit increases the company’s financial and administrative burdens and is a risk to the Company’s capital. Although the Company is attempting to settle the dispute by paying the note in full, there is no guarantee that this will settle the matter in its entirety. The Company may need to increase the authorized shares of common stock in order to accommodate any judgments or settlements, and the Company could be exposed to further risks of lawsuits for similar issues.
Don't be lazy and find the post you cite that you took out of context. Again, more personal attacks because what I post are the words of the company which makes my posts unassailable. What is gelling is those who promote this stock do no better than the CEO did in the two infomercial interviews. While I stand by my consistent and correct posts since I showed up in late November and if it considered bashing then fine.
How about your pumping this for months? Your December 26th post below, everyone claiming no dilution, the closing price that day $0.0061, high was $0.0074. On the 27th you all got the patent press release that everyone already anticipated, closing price $0.0061, high was $0.0083. The 28th it looks like someone dumped some shares, volume off the promotion was more than 102 million, high was $0.0063 and it closed at $0.0036, 40% drop from the opening for the day. Four days later it closed at $0.0019.
"...SEC has approved the patent for immediate use!.." The SEC did no such thing. The highIy touted trading platform and its method patent is useless under current rules governing the trading of securities. This according to the company's own print. I guess under the circumstances it is better to be a conjecture peddling pumper than one who reveals the facts from the filings.
kid biscuit
Re: Bubae post# 8092
Tuesday, December 26, 2023 7:05:12 PM
Post# 8094 of 11615
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kid biscuit
Re: None
Wednesday, December 27, 2023 9:56:24 AM
Post# 8138 of 11615
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kid biscuit
Re: None
Wednesday, December 27, 2023 9:54:26 AM
Post# 8136 of 11615
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Kid biscuit
Re: Bubae post# 8111
Wednesday, December 27, 2023 9:16:23 AM
Post# 8114 of 11615
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AMENDMENT NO. 9 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on May 26 , 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000056/blackstars1a9.htm
RISK FACTORS RELATED TO OUR PLATFORM AND BLOCKCHAIN/DISTRIBUTED LEDGER TECHNOLOGY
Our plan to operate the BlackStar Digital Trading Platform TM relies on our ability to enter into a license agreement with a broker dealer or an alternative trading system (“ATS”)...
Once established, any disruption in our relationship with a broker dealer or ATS may cause a temporary or permanent service disruption of BDTP TM, unless and until we are able to reestablish a new licensee. If we are unable at any time to establish the necessary relationship, BDTP TM may never become functional. If we are unable to license BDTP TM to an ATS in this way, we may reevaluate whether we may apply for ATS status.
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
We believe the 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.
We believe it may take an additional six to nine months to address SEC comments and questions, 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.
The lawsuit continues. Update for the docket comments as of 02/27 "...Answer to Complaint and Counterclaim Against GS Capital Partners, LLC". The next financial filing should be very interesting. The restraining order grated in mid November prevents Blackstar from trading any shares, so did they get any of the debt in the S-1 offering converted. How bad are the consequences of this lawsuit that Blackstar would continue to not settle. The annual last year wasn't released until April 6th after a late notice. You can bet that they will not be in any hurry to release it this year. In the mean time maybe we see another lawsuit update 8K?
FORM 8K
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
...a temporary restraining order was entered preventing the Company from trading any shares...
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.
case number is A-23-881099-B, plug it into the court search query linked below.
https://www.clarkcountycourts.us/Portal/
First of all, I showed up on this board when it was tipping over a penny and have never owned this stock so dispense with the ex-disgruntled shareholder angle. 🙄 My post below on the day this traded at its 52 week high of $0.0128. Second, I don't simply slam the company with conjecture riddled rants like those who promote. I provide actual due diligence from the filings complete with the links for those conducting their own due diligence. Attack the content if you can instead of the personal rants.
If this was an amazing method patent it wouldn't be trading where it is and would have an easier time attracting capital. They have a method patent which is simply a system for trading common stock on the "Quantum Ledger Database, a blockchain framework from Amazon Web Services (“AWS”)". They also state in the S-1 offering that "Significant elements of our intended products and services are based on unpatented trade secrets and know-how... We have seen two infomercials now and with this latest one the CEO dances around the issue of regulatory allowance for the trading platform. He still can not say anything about any conversations being conducted to allow their product to be used. Traders knew this simple fact back in October when this was trading as low as $0.0001 before this promotional runup. You all are simply putting money into the pockets of these predatory lenders, not financing some new technology. 🙄
Many companies in the OTC have zero revenue, in fact losses. Not many pick fights with their lenders over relatively small notes. The failure to deliver shares on what was a principle balance of only $33K will be very costly in the end and GS Capitals conversion price is $0.00013. Why $0.00013? Because the stock is Shite. A second note of a bit more than $33K is in default and has been earning default interest since 2022. This company appears to unwilling to pay their notes for some reason.
Bubae
Member Level
Re: dinogreeves post# 4025
Monday, November 27, 2023 6:47:51 PM
Post# 4026 of 11946
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AMENDMENT NO. 10 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.otcmarkets.com/filing/html?id=16735041&guid=RoJ-kKyjFy5HJth
RISK FACTORS RELATED TO OUR PLATFORM AND BLOCKCHAIN/DISTRIBUTED LEDGER TECHNOLOGY
IF WE ARE UNABLE TO PROTECT THE CONFIDENTIALITY OF OUR TRADE SECRETS, OUR BUSINESS AND COMPETITIVE POSITION COULD BE HARMED.
Significant elements of our intended products and services are based on unpatented trade secrets and know-how that are not publicly disclosed. In addition to contractual measures, we try to protect the confidential nature of our proprietary information using physical and technological security measures.
INTELLECTUAL PROPERTY RIGHTS CLAIMS MAY ADVERSELY AFFECT THE DISTRIBUTE LEDGER TECHNOLOGY.
Third parties may assert intellectual property claims relating to their source code, including Distributed Ledger Technology. Regardless of the merit of any intellectual property or other legal action, any threatened action that reduces confidence in distributed ledger technology’s long-term viability may adversely affect an investment in us.
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 BDTP™ would offer a web-based interface for trading transactions as well as an Application Programming Interface (API) that directly accesses all transactions stored on the BDTP™. In June 2020, BlackStar and Artuova, a custom software development company, successfully completed a production ready user interface for the BDTP™ platform, which is feature-complete.
Read the filings and you will see zero revenue to talk about. He doesn't talk in terms of revenue because he doesn't have a product that can be monetized under the current rules governing the trading of securities. Two infomercials reveals that they are moving onto the next shiny object to attract new money for the next round of shares to be sold. That new story is plugging in "corporate governance" and "capital fund raising" into their patented method written to run on Amazon's Quantum Ledger Database. They just pencil in another idea and submit it as another method patent. If they ever hit an idea that they can license for actual revenue it looks to be impossible to defend because according to their own words '...Significant elements of our intended products and services are based on unpatented trade secrets and know-how...' That really is all a patent provides right? The privilege to hire attorneys to defend your idea.
AMENDMENT NO. 10 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.otcmarkets.com/filing/html?id=16735041&guid=RoJ-kKyjFy5HJth
RISK FACTORS RELATED TO OUR PLATFORM AND BLOCKCHAIN/DISTRIBUTED LEDGER TECHNOLOGY
IF WE ARE UNABLE TO PROTECT THE CONFIDENTIALITY OF OUR TRADE SECRETS, OUR BUSINESS AND COMPETITIVE POSITION COULD BE HARMED.
Significant elements of our intended products and services are based on unpatented trade secrets and know-how that are not publicly disclosed. In addition to contractual measures, we try to protect the confidential nature of our proprietary information using physical and technological security measures.
INTELLECTUAL PROPERTY RIGHTS CLAIMS MAY ADVERSELY AFFECT THE DISTRIBUTE LEDGER TECHNOLOGY.
Third parties may assert intellectual property claims relating to their source code, including Distributed Ledger Technology. Regardless of the merit of any intellectual property or other legal action, any threatened action that reduces confidence in distributed ledger technology’s long-term viability may adversely affect an investment in us.
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 BDTP™ would offer a web-based interface for trading transactions as well as an Application Programming Interface (API) that directly accesses all transactions stored on the BDTP™. In June 2020, BlackStar and Artuova, a custom software development company, successfully completed a production ready user interface for the BDTP™ platform, which is feature-complete.
This stock is not under the radar. 😆 It has been one of the most promoted OTC stocks in recent months across all social media platforms. Now the liquidity is drying up and Blackstar is still fighting the current lawsuit over the unavailability of shares. It isn't often that you see a OTC ticker being sued over the issue and according to Blackstar GS Capital may not be the last. Why would some, who by now clearly know the facts behind this empty narrative, continue to pump the stock since trading above a penny? Why would some continue to claim that those who quote directly from the company's print is bashing? Who has been correct for months?
Re: None
Friday, November 24, 2023 1:19:41 PM
Post# 3706 of 11919
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Date of report (Date of earliest event reported): January 11, 2024
https://www.sec.gov/ixviewer/ix.html?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.
Those new to this ticker do not know the history and the characters working the schemes here. Do you have an explanation as to why the folks operating the OTC markets had a "promotion risk" icon to this company's profile? It is gone now, what is up with that. It will be interesting so see what Ethema Health does next and to see how badly retail gets beaten off the next promo.
Links below to press releases which represents what traders knew and why this was trading as low as $0.0001 just days before this highly promoted run-up. The last three press releases and two infomercials doesn't even mention the issues preventing Blackstar for using the trading platform which is the method patent.
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
We believe the 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.
We believe it may take an additional six to nine months to address SEC comments and questions, 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'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.
Here is a little actual due diligence with links rather than the conjecture riddled rambling of promotion that has dominated this board on its run above a penny. There is nothing about Blackstar's trading platform that prevents the dumping of toxic debt. In fact Blackstar has perpetrated one of the worst examples of company supported fleecing of retail traders that I have ever seen. It is rare than you see a run to a penny with lenders holding hundreds of millions of shares priced at an average of only $0.00017. Next up are hundreds of millions of shares to be doled out with the lawsuit for a conversion price of only $0.00013.
A 2021 press release linked below describing what the proposed trading platform was supposed to do. Go to the first paid infomercial linked below starting about 11:20 into the segment the CEO talks about first getting Blackstar's stock trading on the platform. They have been talking about this for years, since 2020. Post #8197 linked below talks about this complete with links to the S-1 filing and press releases talking about this point. No mention in either of the two interviews as to why they are still unable to get this done.
BlackStar's Blockchain Equity Trading Proprietary Software May Be Innovative Solution for Regulators, U.S. Broker Dealers and Investors
Wednesday, 21 July 2021 10:03 AM
https://www.accesswire.com/656459/blackstars-blockchain-equity-trading-proprietary-software-may-be-innovative-solution-for-regulators-us-broker-dealers-and-investors
Bubae
Re: DOGONE post# 8166
Wednesday, December 27, 2023 8:50:23 PM
Post# 8197 of 9761
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173514295
The scary information is all in the company's own print. Shawn Leon needs to do two things, find a new story that convinces current shareholders to hold. second, a good enough story that convinces new traders will chase. What does the OTC markets people know that isn't obvious yet to everyone that would prompt the promotion risk icon?
See that 8K announcing the revolving credit line of $1 million. Under pledge and security agreement, exhibit "A" labeled "collateral" they appear to be committing all assets including that of American Treatment Holdings, Inc (ATHI) which is the holding company for the shares of the Evernia treatment center. Now will they be paying off the lenders who have debt secured by options against the direct shares of ATHI?
One of Shawn Leon's favorite tactics is to find new borrowed funds to pay off existing debt and announce in a press release that they paid off the debt. This is what he did with the crazy property purchase, sale, leaseback deal last summer where essentially refinancing the defaulted debt over a 20 year period resulting is a million in expenses. Now that defaulted debt that they weren't paying on must be serviced every month. Traders chased that up to $0.0007 before once again realizing that they had been duped. He did this with the large Leonite note of June 2022 which eventually went into default and again the hapless chased the news. It really is fun to watch Shawn Leon dig this hole even deeper and still not be able to raise any funds off that regulation "A" offering. 🤣
FORM 8K
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0000792935/000190359624000061/grst_8k.htm
TEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
Testing 123, LLC (“Testing”)
On February 1, 2024 Ethema Health Corporation, American Treatment Holdings Inc, and Evernia Health Center LLC (the “Company” or “Companies”) entered into a revolving line of credit agreement (“ Agreement”) with Testing. The term of the Agreement is two years and the maximum amount that may be drawn down is $1,000,000.00.
Pledge and Security Agreement
https://www.sec.gov/Archives/edgar/data/792935/000190359624000061/ex10_03.htm
My drama? 🙄 The history has defined Shawn Leon with all the debt from two failed treatment centers and the current treatment that requires Ethema Health (GRST) to accumulate more debt to support the real investors who have claim to direct shares of the treatment center. This really is a scam in my opinion, with these deals supporting a subsidiary with a separate shares structure. Shawn Leon was desperate after closing the other West Palm location and hooking up with Lawrence (LARRY) Hawkins has defined the operation since. Talk about making out like a bandit, the guy got bailed out of a costly legal situation, still owns 25% of the treatment center, and draws a monthly salary.
Re: janetcanada post# 49263
Friday, November 24, 2023 9:07:22 AM
Post# 49269 of 49737
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173287955
More misinformation about the new shares being issued. We have 300,124,013 shares added dated January 5th. We have another 62,027,333 shares added per the update of February 2nd. There may be a lull in the selling activity but the future is full of conversions that were queued up before the restraining order preventing Blackstar from trading any shares since mid November. Unless these insiders see something I don't it was incredibly stupid to not hand over the GS Capital shares when requested. Blackstar is in a spot if they can't con new money to buy that paper that is coming from the lawsuit alone. Then when the restraining order is lifted there will be the defaulted Quick Capital note and the large notes in the S-1 offering to contend with. They could have stopped with the discussion of the single lawsuit but they go on to further say that '...the Company could be exposed to further risks of lawsuits for similar issues.'
FORM 8K January 11, 2024
https://www.sec.gov/ixviewer/ix.html?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...
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.
Bubae
Re: J2003 post# 9205
Monday, January 08, 2024 6:02:05 PM
Post# 9208 of 11888
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Bubae
Re: None
Tuesday, February 13, 2024 8:21:41 AM
Post# 11514 of 11888
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Bubae
Re: None
Saturday, February 17, 2024 11:01:15 PM
Post# 11676 of 11888
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