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All opinions on these boards are crap. That is why I quote from the filings complete with the links. It is called due diligence. Want to debate the print from the company or simply engage in childish personal insult?
I'm crushed, I value your constant single line comments so much. 🤣 Two things aren't going away friendo, those conversions and my posts talking about it. Nine days left for the two holders of these large notes to lock in some of their conversion at a price of $0.0065 if they haven't already. The last share count update was April 12th.
Bubae
Re: None
Wednesday, May 01, 2024 6:11:13 PM
Post# 13480 of 13534
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174341318
Explain how my posts would ever benefit the conversions for GS Capital? That is a nonsensical statement. It is very rare that I make positive statements about these trashy OTC stocks. I spoke highly of Omid Holdings Inc ($OMID) back is late 2022 and early 2023. The company had zero convertible debt, only 96 million shares outstanding and of that only around 65 million shares were in the float. They had nice revenue for Q1 2023 of $436,697 with cash on hand at the end of the period of $224,379. Then the Q2 report was dropped and the revenue number was $8,523 and cash at the end of the period dropped to $89,972. No explanation for the quarter. They are all trash in my opinion and none are worthy of promoting. Those who do are simply trying to con the next fool for their flip in my opinion.
Greater fool theory
https://en.wikipedia.org/wiki/Greater_fool_theory
In finance, the greater fool theory suggests that one can sometimes make money through the purchase of overvalued assets with a purchase price drastically exceeding the intrinsic value if those assets can later be resold at an even higher price.
In this context, one "fool" might pay for an overpriced asset, hoping that they can sell it to an even "greater fool" and make a profit. This only works as long as there are enough new "greater fools" willing to pay higher and higher prices for the asset. Eventually, investors can no longer deny that the price is out of touch with reality, at which point a sell-off can cause the price to drop significantly until it is closer to its fair value, which in some cases could be zero.
Nice to have you back even if it is a juvenile drive by. You were wrong in your December post, I didn't show up here until it was trading above a penny. Second, the price the day before your dim wit comment on December 23 was a high of $0.0087. By January 4th the dilution dumped this down to $0.0019. The dilution is far from over. Next up is the two large notes which could be worth more than $800K at this point. Stay tuned.
WorkinGreen
Re: burner67 post# 1918
Saturday, December 23, 2023 9:15:33 PM
Post# 7977 of 13534
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173494881
Correct me if I am wrong bubae but you and your dynamic duo and aptly named side-kick… burner67… have been advising retail traders not to buy $BEGI since it was sitting at a price of .0007 and below. Is this correct?
There seems to be good reason to doubt the accuracy of your assessments/interpretation of events. You seem overtly biased.
Just a thought.
Bubae
Re: None
Wednesday, May 01, 2024 6:11:13 PM
Post# 13480 of 13534
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174341318
Another million shares dumped there at 10:41. Looks like when they get some volume above $0.0029 they dump it back to $0.0029. 3.5 million shares dumped at 10:04 back to $0.0029. That would be a very nice return on shares priced at $0.00065. 4.5 million shares would retire $3K of debt and bank $10K of profit at $0.0029. Nice.
Nice dump there of 3.5 million shares at 10:04. Conversions or retail profit taking? Pump and dump in progress, did the get their $0.00065 conversions? Fun to watch. 😆 They need to get much better volume. They could request 86 million shares per tranche with the 4.99% limit against the current outstanding share count.
Friendo, you can't buy this type of due diligence for these trashy stocks and it should be available for all tickers. Maybe I should create a GoFundMe page. 😆 We will see what happens. The CEO has another month on that media contract to get those shares sold. The potential for pending dilution is disturbing, is it not?
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 57
In 2023, the Company issued, as partial consideration, 25,000,000 shares of its common stock (valued at $100,000) to a media consulting firm for investor relations services under a six-month agreement through May 2024.
Bubae
Re: Short Squeeze post# 13485
Thursday, May 02, 2024 8:20:11 AM
Post# 13499 of 13513
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174343438
Wow, You are welcome. A rare complement and I have been using the numbers to point out the dilution since this was trading above a penny. The most insidious part about all of this isn't that the toxic lenders are making many hundreds of thousands while Blackstar gets a pittance of debt relief. The worst part is that the CEO himself is marketing these conversions through the infomercials which are also paid for with shares.
You can see from the filings that 698,077,221 less the 104,643,939 shares for Q1 or 593,433,282 shares for conversion were queued up for the promotional period representing relatively little debt relief. Those shares would have likely waited for the October method patent news because the trading price had been so low for months. As low as $0.0001 just days before the beginning of the run up. This would mean that the actual float could have been around 700 million shares or so in October. Meanwhile they borrowed another $400K with notes with maturity dates of less than a year. That is a subject for another post.
During the three months ended March 31, 2023, the Company issued shares of its common stock as follows:
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000051/begi-20230331.htm.htm
As of May 5, 2023, there were 683,446,845 shares of the registrant’s common stock, $0.001 par value, issued and outstanding, not including shares reserved for conversion of notes.
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
NOTE 5 – STOCKHOLDERS’ DEFICIT
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
NOTE 5 – STOCKHOLDERS’ DEFICIT (continued)
Common Stock
Page F-11
During the year ended December 31, 2023, the Company issued shares of its common stock as follows:
Page F-19
NOTE 12 – SUBSEQUENT EVENTS
In 2024, GS Capital filed notices of conversion and were issued, in three tranches, 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share on their note of October 11, 2021. (See Notes 7 and 11)
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. In 2022, substantially all of our funding has been from convertible debt financings.
It is only annoying for someone to point out the pending dilution if you have already committed. I have been pointing out the dilution since this was trading above a penny. What they need is new money and my posts are for those conducting their own due diligence. For me the numbers on the OTC site for security details is suspect because we now for a fact that the current number for the float of 1,606,723,782 shares for October 31st is false given that the total outstanding share count for that date was 1,244,572,435 shares. The number of shares held at the DTC however suggests that the conversions shares are being dumped immediately.
The last share count update was April 12th. The best opportunity to begin converting those two large notes for Adar Alef and SE Holdings with this runup and after dumping the GS Capital shares would be based on the April 18th through 23rd closing prices giving them a conversion price of $0.00065. Details in Post# 13480 linked below. After the 23rd the calculated conversion price will begin to go up substantially so the window of opportunity for this runup is locked in. I doubt that we see any share count update until they have done the deed and they will be showing their hand soon with the Q1 filing around the middle of May. The SEC requires at least a basic level of transparency with the filings so pay attention.
Bubae
Member Level
Re: None
Wednesday, May 01, 2024 6:11:13 PM
Post# 13480 of 13494
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174341318
I have never done that. 🙄 It is rare that I even use those on posts from others. You on the other hand are another who would post false and unsubstantiated information. Your post on December 18th linked below shortly before the sell off from the high of $0.0087 on December 21st to the January 4th close of $0.0019. Like the others from that time period you are making money here, right?
Gunner54
Re: None
Monday, December 18, 2023 12:39:07 PM
Post# 7445 of 13493
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173451502
They are hiring, now have three not just one employee. Moving forward
S-1 Offering
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
Page 38
As of June 14 , 2023, we have no full-time employees and 2 independent consultants who act as our officers and directors on a part-time basis of up to 40 hours per week.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
NUMBER OF PERSONS EMPLOYED
As of December 31, 2023, we have no full-time employees and 2 independent consultants who act as our officers and directors on a part-time basis of up to 40 hours per week.
Could be onward and upward, If they are dumping when issued I hope the SEC catches up to them. Especially GS Capital moving those shares priced at $0.00006. What new dumps would need is volume from a nice bid build because they will not get as good a deal as GS Capital or Diagonal lending. Curious that the two lenders in the S-1 1offering have been sitting on the sideline with those big notes that matured two years ago watching GS Capital and Diagonal Lending making many hundreds of thousands off their conversions on much smaller notes. Good luck. This is fun to watch.
Blackstar has issued 495,744,512 shares since the December 22nd 2023 outstanding share count update. We know from the Q3 2023 filing that the outstanding share count as of September 30th was 1,244,572,435, the same as that of the December 22nd update. The current float number and date on the OTC which was first done on March 28th is listed as 1,606,723,782 shares as of October 31st 2023. So we know that the number listed for the float is false and does not represent the number of shares currently in the market.
That nearly 500 million shares should be going through the 180 day holding period for unregistered securities and be ready by the end of June. If for some reason these shares are being dumped when issued you all should pay attention to the two remaining notes in the S-1 offering that 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.
Those notes can convert at 50% discount to market calculated from the average of the three lowest closing bid prices for the previous 20 days. The three lowest closing prices going back to April 18th is $0.0014 for an average closing bid price of $0.0013 or a calculated 50% discount conversion price of $0.00065. With the 4.99% equity blocker at the current outstanding shares count they could convert as many as 86,841,815 shares per tranche. That is potentially two lenders doing this.
Now, those unregistered shares should be subject to the 180 day holding period. But if for some reason not, this nice runup could be an attractive point to trigger those conversions. They could have that conversion price of $0.00065 for the next ten trading days. So if this runup is being orchestrated, it may be for a reason. With the 86.8 million share tranche at todays closing of $0.0026 they could convert $56,447 of debt and bank a profit of $169K. Not a bad return. He77, take that down to an average of $0.0019 a share and they bank 108K in profit. Still a nice return. 😆
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
On January 28, 2021 BlackStar Enterprise Group, Inc. and SE Holdings, LLC entered into a convertible promissory note totaling $220,000 and a securities purchase agreement. The note bears interest at 10%, with a default rate of 24%, and is convertible, at any time after the date of issuance. The conversion price is to be calculated at 50% of the average of the three lowest trading price of the Company’s common stock for the previous twenty trading days prior to the date of conversion....
...The Company and the holder executed the securities purchase agreement in accordance with and in reliance upon the exemption from securities registration for offers and sales to accredited investors afforded, inter alia, by Rule 506 under Regulation D as promulgated by the SEC under the 1933 Act, and/or Section 4(a)(2) of the 1933 Act. The company filed a Form D with the Securities and Exchange Commission on February 4, 2021.
On April 29, 2021 BlackStar Enterprise Group, Inc. and Adar Alef, LLC entered into a convertible promissory note totaling $550,000 and a securities purchase agreement. The Company initially reserved out of its authorized Common Stock 86,105,000 shares of Common Stock for conversion pursuant to the note. The note bears interest at 10%, with a default rate of 24%, and is convertible at the option of the holder, at any time after the date of issuance. The conversion price is to be calculated at 50% of the average of the three lowest closing bid prices of the Company’s common stock for the previous 20 trading days prior to the date of conversion....
... The Company and the holder executed the securities purchase agreement in accordance with and in reliance upon the exemption from securities registration for offers and sales to accredited investors afforded, inter alia, by Rule 506 under Regulation D as promulgated by the SEC under the 1933 Act, and/or Section 4(a)(2) of the 1933 Act. The company filed a Form D with the Securities and Exchange Commission on June 1, 2021.
About all you can do when faced with my posts are the juvenile comments. That really applies to all your replies to anyone. All your posts in general. How old are you?
You are another one who has been here since a penny still making money. 😆 The 52 week high of $0.0128 was November 27th do you still own "...a sizeable amount of the float..."?
Savannah-Marc
Re: ice trader post# 4303
Wednesday, November 29, 2023 10:33:21 PM
Post# 4442 of 13310
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173325037
My dude, if you sold out of BEGI and stated you moving on, then why the fock you still here pissing and complaining and trying to shoot down Blackstar. Are you trying to save the little guy investor and make us beware the Blackstar or are you really just trying to scare up more shares and knock the price down??? The more you bash, the more I make, I own a sizeable amount of the float. Your fear tactics only encourage those like me to hold and accumulate more shares.
BLACKSTAR TO $5 A SHARE!!!!!
PLEASE BASH BEGI MORE, IT ONLY SHOWS THAT YOU'RE HERE AND WITH AN AGENDA!!!!!
Yet you provide no facts or links. Then call the text from the company's own print lies. 🙄 Do you work for msnbc? 🤣
That is total BS for certain. There is no reason for GS Capital to be buying shares and certainly not related to the lawsuit. The Nevada Supreme Court pretty much sums up the case with their statement denying the stay "When a contract is clear on its face, it will be construed from the written language and enforced as written."
According to document 24-03599 from the Nevada Supreme Court website GS Capital had requested 257,701,499 the first half of November and was denied which became the basis for the lawsuit. Then we get the statement in the annual that ...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. According to the text in the note the conversion price of $0.00006 would appear to be correct. Add in the 62,084,333 shares issued in December to the 195,620,499 shares for 2024 and we get 257,704,832. That number of shares priced at $0.00006 would satisfy less than half the principle balance of $33,682. So I'm thinking that the principle on the note was not paid in total. But, the chart in the annual for convertible notes shows that there is a zero remaining balance on the note. Something isn't right so we will see what the Q1 says when it is released in a couple of weeks.
Nevada Appellate Courts
https://caseinfo.nvsupremecourt.us/public/caseView.do;jsessionid=DD86B554D3E6998D3A6E9EB41AA71067?csIID=68335
Document 24-05565
Having considered the parties' arguments in light of these factors, we
are not persuaded that a stay is warranted. In particular, we are not
convinced that the object of the appeal necessarily will be defeated absent a
stay; respondent points to a clause in the parties' securities purchase
agreement acknowledging that appellant's breach of the agreement will
cause irreparable harm to respondent for which respondent is entitled to an
injunction,...
("When a contract is clear on its
face, it will be construed from the written language and enforced as
written." (internal quote marks omitted)); and appellant has not
demonstrated a likelihood of success on the merits sufficient to tip the
balance of the NRAP 8(c) factors in favor of a stay. Accordingly, we deny
appellant's motions...
Document 24-03599
The Note afforded GS Capital conversion rights to 257,701,499 shares from
November 2, 2023, to November 16, 2023
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
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.
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.
For the fiscal year ended December 31, 2023
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 Notes 7 and 11)
GS Capital Partners Convertible Promissory Note - October 11, 2022
https://www.sec.gov/Archives/edgar/data/1483646/000106594921000193/ex10_4.htm
4. (a) The Holder of this Note is entitled, at its option, at any time after cash payment, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company's common stock (the "Common Stock") at a price for each share of Common Stock equal to 60% of the lowest trading price of the Common Stock as reported on the National Quotations Bureau OTC Marketplace exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future ("Exchange"), for the twenty prior trading days including the day upon which a Notice of Conversion is received
A couple of line items for the issuance of unregistered shares for Q4 2023 have inflated valuations in the notes. The 25 million shares issued for partial payment on the media contract that runs through May was valued at $100K. The actual amount that the 25 million shares covers is $25K with the remaining $75K value listed as "additional paid in capital" on the balance sheet. So those shares are valued at $.001 by the holder.
Same for the 71,250,000 shares for financing fees for the new 2023 notes. The holders of those shares are again priced at $0.001 which had a real value of $71,250 with the remaining entered on the balance sheet as "additional paid in capital". That is still a really good return on $425K in notes written in 2023 considering that three of those notes totaling $200K were written in November.
The additional valuation of "additional paid in capital" appears to be the result of the stated price at the time of issuance of the shares valued at $0.004 and the spread above par which is $0.001. It will be interesting to see how much they will be able to sell those unregistered shares for after the 180 day holding period. One thing is for certain, GS Capital will make a killing on their shares priced at $0.00006 if this price level holds up. 😆 Do you think the CEO will be paying for more infomercials while GS Capital is selling those shares beginning at the end of June?
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
NOTE 5 – STOCKHOLDERS’ DEFICIT (continued)
Common Stock
During the year ended December 31, 2023, the Company issued shares of its common stock as follows:
Page F-19
NOTE 12 – SUBSEQUENT EVENTS
In 2024, GS Capital filed notices of conversion and were issued, in three tranches, 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share on their note of October 11, 2021. (See Notes 7 and 11)
That has been up on Facebook for three days? 😆 This ticker didn't even trade 2 million shares today. Another stammering rendition by the CEO. That would make a total of five infomercials for 2024 so far. They have a media contract through May so expect more. Funny to hear him say at about 3:50 into the segment ...Everyone stretches the envelope, you can go as far as you can that is what we do here in the U.S..., So true Joe, so true. 😆 Maybe he should get around to correcting the float number on the OTC site for Blackstar.
How about his comment starting about 4:15 into the segment ...In order to trade digital through our system we are going to recommend that you populate the corporate governance... Since no one is able to use the trading platform what gives. Maybe they should get Blackstar's shares trading on the platform and maybe for Blackstar to start using the corporate governance component to demonstrate that they actually have something more than a talking point for infomercials to move share conversions. They did the same thing with New to the Street promoting this trading platform in 2022 and now they are moving on to these two new ideas. The question I have is will this CEO be promoting the GS Capital shares when they begin to become vested at the end of June given their contentious relationship as the result of the lawsuit.?
Bubae
Re: AKATITUS post# 10648
Wednesday, January 24, 2024 7:48:45 PM
Post# 10650 of 13372
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173697663&txt2find=series%2B2022
Bubae
Re: None
Monday, April 29, 2024 7:08:57 PM
Post# 13386 of 13437
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174326524
Well never mind that the trading platform method patent is not allowed by regulators. Even with that the method patent according to the company text "...Significant elements of our intended products and services are based on unpatented trade secrets and know-how..." It sure doesn't sound like a strong position to defend for 20 years in the age of AI. Some links to info in post# 13005 below. From what I see they will be blowing out the rest of the current share structure in 2024 so expect trips again, not dollars.
Bubae
Re: None
Monday, April 15, 2024 9:11:48 AM
Post# 13005 of 13417
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174237993&txt2find=anywhere
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
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.
Of course you are. You have been calling for dollars since this was above a penny. The 52 week high of $0.0128 was November 27th and you claimed to own "...a sizeable amount of the float..." on the 29th? Wow, how much will you be down when the dilution begins again in earnest?
Savannah-Marc
Re: ice trader post# 4303
Wednesday, November 29, 2023 10:33:21 PM
Post# 4442 of 13310
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173325037
I support all my opinions with information from the filings with links. You on the other hand have been posting conjecture riddled promotion since this was trading above a penny. I warned about the dilution beginning at the end of December and I see a return to heavy dilution again beginning at the end of June. This is to say nothing about the two notes of the S-1 offering that matured two years ago detailed in post# 13187. Funny, I can post your misinformation since November all day long yet you can't find a single post where I have lied about anything. 🙄
For the quarterly period ended March 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000051/begi-20230331.htm.htm
As of May 5, 2023, there were 683,446,845 shares of the registrant’s common stock, $0.001 par value, issued and outstanding, not including shares reserved for conversion of notes.
Bubae
Re: moondogaz post# 13186
Tuesday, April 23, 2024 8:01:32 AM
Post# 13187 of 13400
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174287591&txt2find=matured%2Btwo
They have accumulated far more new debt than they have been able to convert the past year with more than a billion new shares issued. 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 choose to 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 detailed what you have been seeing through Q1 2024 in my post# 7526 on December 19th just before this got hammered. It could have easily taken longer and may still be ongoing because of the 4.99% equity blocker restricting how many shares can be held at once. The March 22nd infomercial was very successful with 119 million shares traded but the April 10 infomercial was a bust with less than 3.5 million shares traded. One lender, 1800 Diagonal Lending LLC, held claim to roughly 600 million of the 698 total for the period so they were in control and being patient while this CEO rolled out the infomercials would have maximized their return.
When we compare the two statements from the 2023 annual and the Q3 2023 filing we see that 300,124,013 shares were added in Q4 2023. If we are to believe the securities details on the OTC site those shares were issued after December 22nd 2023. So start the 180 day clock and those unregistered shares would begin to vest at the end of June. Now add in the 195,620,499 shares issued for the lawsuit to GS Capital so far for 2024. All these unregistered shares should be observing the 180 day holding period so you can see that the second half of 2024 is going to get very busy.
What could still be available to convert between now and the end of June isn't clear. We know that a Form D was filed in may 2023 for $125K with a first sale date of March 2023 indicated in the filing. We do have 52,916,867 restricted shares as of December 22nd before the restricted increased to 206,266,867 on January 5th. The restricted number has remained unchanged as of the latest update of April 12th. The 52,916,867 could be eligible to be sold now at any time.
Bubae
Re: burner67 post# 7507
Tuesday, December 19, 2023 5:10:03 AM
Post# 7526 of 13395
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173456355
Re: NorthPeak22 post# 4462
Monday, December 11, 2023 6:23:38 PM
Post# 6659 of 13395
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173407134
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page F-11
NOTE 5 – STOCKHOLDERS’ DEFICIT (continued)
Common Stock
During the year ended December 31, 2023, the Company issued shares of its common stock as follows:
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)
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
Page 10
NOTE 5 – STOCKHOLDERS’ DEFICIT
Common Stock
During the nine months ended September 30, 2023, the Company issued shares of its common stock as follows:
Don't let months of being wrong temper your rhetoric. 🙄 Hey wasn't it you who claimed to talk tot the CEO just before the price ran off a cliff in December? Probably complaining about the dilution I was warning about. 🤣 Did he not tell you that you were about to lose your shirt? 😆
Savannah-Marc
Re: None
Friday, November 24, 2023 1:19:41 PM
Post# 3706 of 13386
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173290414
The Penny!!! It looks so beautiful!
Now the Nickel is next!!!!!
NICKEL BULLISH!!!!!!!!!!
Savannah-Marc
Re: burner67 post# 7227
Friday, December 15, 2023 6:57:31 PM
Post# 7239 of 13387
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173440771
I have not spoken to Blackstar's highly credible CEO regarding my investment theories you poorly paid piece of illegal stock bashing filth.
But hey! I heard Goodwill is hiring! Maybe you could scrounge up a couple of bucks from there and then buy some Blackstar shares with that! I don't think you'll be able to acquire more Blackstar shares with your very poor stock bashing performance.
F*** BASHERS BEGI BULLISH!!!!!$$$$$
For those new to this stock be aware that the numbers at the OTC site are not to be relied on. For months the number for the float has been false. Both the dates and the number of shares have been incorrect. What this does is mask the fact that dilution is taking place. When you see that float is very close to the outstanding shares count you could surmise that all the shares available are currently in the open market.
Screen shot from December 2023 shows that the float is 1,100,573,435 dated 08/01/2022. So with 1,244,572,435 total shares outstanding at that time you would be led to believe that very few shares had been added over the previous sixteen months. Yet the total outstanding share count for August 2022 per the 2022 Q2 filing was only 285,357,307 shares.
The number of shares and date for the float are the same until the March 1st 2024 update when the number of shares in the float increased to 1,606,723,781 along with the outstanding share count totaling 1,671,892,114 yet the August 2022 date remained unchanged. So we have a 427,319,679 share increase since December but don't worry because those have been free trading since August 2022. This would be wrong.
The next change for the float was March 28th 2024. Funny that the share count for the float increased by only a single share to 1,606,723,782 but this time they changed the date to 10/31/2023. Again, with an outstanding share count total of 1,671,892,114 you would be led to believe that very little was added to the float over the previous five months and that they are, and have been free trading, already in the market.. However we know that 427,319,679 shares were added to the outstanding share count for that period and the Q3 2023 filing states that the outstanding share count as of November 1st was 1,244,572,435 shares not 1,606,723,782 shares.
For the quarterly period ended June 30, 2022
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594922000124/begi-20220630.htm
As of August 9, 2022, there were 285,357,307 shares of the registrant’s common stock, $.001 par value, issued and outstanding, not including shares reserved for conversion of notes.
For the quarterly period ended June 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000073/begi-20230630.htm
As of August 4, 2023, there were 1,134,572,435 shares of the registrant’s common stock, $0.001 par value, issued and outstanding, not including shares reserved for conversion of notes.
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
As of November 1, 2023, there were 1,244,572,435 shares of the registrant’s common stock, $0.001 par value, issued and outstanding,
Honestly, I play the OTC and I consider them all share selling scams. That is the safest approach to these tickers so I do not recommend or pump any of them. I do not however play dishonest companies who clearly have a lot of very old debt to convert like this one. It is rare that you see a CEO actively engage in the promotion of conversions through infomercials. He did the same thing in 2022 and I detail this with links in post# 10650 below. It is equally rare to see a company convert at such and obscene discount to market. Blackstar isn't getting much debt relief from these conversions. The 2022 conversions compared to the 2023 debt conversions illustrates how weak this stock is now.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
NOTE 5 – STOCKHOLDERS’ DEFICIT (continued)
Common Stock
During the year ended December 31, 2022, the Company issued shares of its common stock as follows:
405,010,195 shares for conversion of $619,211 principal and interest on convertible notes payable.
During the year ended December 31, 2023, the Company issued shares of its common stock as follows:
845,162,311 shares for conversion of $200,432 principal and interest on convertible note payable.
Bubae
Re: AKATITUS post# 10648
Wednesday, January 24, 2024 7:48:45 PM
Post# 10650 of 13372
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173697663&txt2find=series%2B2022
New to The Street TV Signs BlackStar Enterprise Group, Inc. to a 3-Month TV Series
June 02, 2022 09:00 ET
https://www.globenewswire.com/en/news-release/2022/06/02/2455264/0/en/New-to-The-Street-TV-Signs-BlackStar-Enterprise-Group-Inc-to-a-3-Month-TV-Series.html
New 8K out announcing the the corporate governance method patent. Look how long that name is. 😆 It must be very narrowly defined. On March 25th they filed an 8K announcing that they will get the patent for their method and now we get this. Maybe another infomercial coming to move more shares? They have a media contract that runs through May. I suspect that they will do another media contract because they will need to support the price while the new shares get sold.
Date of report (Date of earliest event reported): April 23, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000054/blackstar8kapr292024.htm
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000028/blackstar8kmarch2024.htm
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 57
Liquidity and Capital Resources
.... the Company issued, as partial consideration, 25,000,000 shares of its common stock (valued at $100,000) to a media consulting firm for investor relations services under a six-month agreement through May 2024.
No one cares if you have someone on ignore. Lease of all me. My posts are for those conducting their own due diligence on this. You all represent old money. What these toxic note holders need is new money and a lot of it.
I post the facts friend. Straight from the company's own print. My post below which linked those conducting their own due diligence to my posts detailing the dilution on December 20th. Shortly before this started to sell off beginning on the December 22nd when the high for the day was $0.0087 and closed at $0.0071. By January 4th it closed at $0.0019 and they have been filling the tight range through the 2s ever since. There have been 495,744,512 new shares added to the outstanding share count since the beginning of 2024. Of those 195,620,499 shares were issued at a price of only $0.00006 per share according to the annual which doesn't make sense given the lawsuit updates. Any you all who have been pumping this believe that you are on the right side of this argument?
Bubae
Re: None
Wednesday, December 20, 2023 8:47:32 AM
Post# 7637 of 13358
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173466285
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page F-19
NOTE 12 – SUBSEQUENT EVENTS
In 2024, GS Capital filed notices of conversion and were issued, in three tranches, 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share on their note of October 11, 2021. (See Notes 7 and 11)
Not compensated by anyone in any way. Fools in this market believe that these trash tickers are sold short. This was an obvious short sale candidate when it was trading above a penny and I said so at the time. If it were easy it should have been sold short down to where it is quickly then let the dilution that was in place do its magic. What has happened to this point was obvious for those who read the filings.
So don't debate the content which are the words of the company. Whine about the person posting real due diligence. Don't blame the CEO who entered into notes with such nasty terms, the person who who is paying for media promotion with even more shares to maximize the return for theses lenders who already are banking obscene profits from those notes. Those profits are trading losses by someone. Don't blame a CEO who stumbled into a very costly lawsuit over a principle balance of only $33,682. You want to blame me for the dilution and the massive losses being banked here. I blame those of you who have been trying to pump your flips since a penny for the trading losses going directly into the accounts of these predatory lenders that you all complain about.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 57
Liquidity and Capital Resources
.... the Company issued, as partial consideration, 25,000,000 shares of its common stock (valued at $100,000) to a media consulting firm for investor relations services under a six-month agreement through May 2024.
Ever? I have argued that it would have a difficult time getting back into the 2s after months of infomercials and new share dumps. My post the morning of March 22nd linked below on an infomercial day generating 119 million in trading volume and the price closed at $0.0019 with only a few trades at 2. We have seen the share count increase by 495,744,512 shares for 2024 so far.
The last update was April 12th. Expecting another update and increase soon. Look at the number for the float dated October 31st 2023 of 1,606,723,782 shares. That is the number currently listed on the OTC site. That would suggest that very few share have actually been issued. The share count as of November 1st 2023 according to the quarterly filing for the period ended September 30, 2023 was 1,244,572,435. Plenty of dilution potential left on notes that matured two years ago.
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
Page 1
As of November 1, 2023, there were 1,244,572,435 shares of the registrant’s common stock, $0.001 par value, issued and outstanding, not including shares reserved for conversion of notes.
Bubae
Re: None
Friday, March 22, 2024 10:02:20 AM
Post# 12266 of 13353
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174091136
The SEC is in the patent business now? The SEC regulates securities and the rules do not allow the use of Blackstar's trading platform. The SEC has been moving to address the toxic conversions since 2022. I talk about this in post# 13334 which explains why these lenders are likely observing the 180 day holding period and why this stock will see a lot of new shares coming into the market the second half of 2024.
Blackstar signed those agreements. Blame the toxic lenders for cashing in not the CEO who signed the agreements and the later actually contracted for MORE shares to pay for the media promotions to move those conversions for maximum effect. See any price appreciation after the three infomercials since the beginning of the year? Nope, what they got was the volume needed to move shares at a very healthy price relative to their conversions price. I have to commend this CEO for stuffing the pockets of those you complain about with retail trading losses. Can't make this stuff up. 😆
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 57
Liquidity and Capital Resources
.... the Company issued, as partial consideration, 25,000,000 shares of its common stock (valued at $100,000) to a media consulting firm for investor relations services under a six-month agreement through May 2024.
Re: SorcererDiviner18 post# 13332
Saturday, April 27, 2024 5:34:47 PM
Post# 13334 of 13347
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174317005
The SEC has been working on Rule 144 holding period amendments for some time. These amendments were to be formalized April 2024 and are now scheduled for October 2024. This rule 144 holding period amendment will codify what the SEC has been enforcing since 2022 charging toxic lenders with failing to register as dealers. This is why I believe that the share dumps at the end of 2023 and through Q1 2024 were the result of shares converted in Q2 and Q3 2023. That nearly 500 million new shares for 2024 will begin to hammer this into a pulp starting the end of June after the 180 day holding period from what I see.
When you start quoting someone you might provide links to the information for context. If you conduct a simple search on the word "crook" for this board you will find that nowhere did I use the word. Another huge rant without an supporting evidence for what you post based on conjecture and personal distraction. Follow your comments and my supported answers.
https://caseinfo.nvsupremecourt.us/public/caseView.do;jsessionid=DD86B554D3E6998D3A6E9EB41AA71067?csIID=68335
Document 24-03599
...Because of a dramatic increase in Blackstar’s stock price, the “conversion option” here became “in the money” and profitable. Naturally, GS Capital sought to exercise its conversion rights to receive shares of Blackstar stock—the benefit of its bargain. Blackstar refused. Then, after several weeks—during which GS Capital would have received about 257 million shares through conversions—Blackstar attempted to pay off the Note and thereby argue that, retroactively, GS Capital’s conversion rights are thereby extinguished. GS Capital argued this absurd result would be similar to a stock option seller unilaterally returning the option’s purchase price in an effort to rescind the option purchase because the option was now “in the money” and costly to the seller. The lower court correctly agreed with GS Capital and required Blackstar to reserve the contractually-mandated shares.
Second, Blackstar shockingly omits that it contractually agreed that GS Capital is entitled to injunctive relief and specific performance in the event of a breach, on which the Order correctly relied. Blackstar also omits that the Note, as amended— 123678829.13 under which GS Capital sued—provided for exclusive Nevada jurisdiction.
The low float scenario has already played out with the run to a penny on heavy social media promotion in November while the 698 million shares issued at an average price of only $0.00017 was being rolled out.
Bubae
Re: gshores post# 7706
Wednesday, December 20, 2023 4:27:59 PM
Post# 7731 of 13345
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173472167
Must remember that these people control a large percentage of the float right now and will be rolling those hundreds of millions of shares out over the next few months. That 698 million shares converted from Q1 through Q3 more than doubled the share count.
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)
Truly a dumb question when they are receiving their shares at such a discount to market.
Greater fool theory
https://en.wikipedia.org/wiki/Greater_fool_theory
First I am compensated by anyone in any fashion. Place blame where it has been earned. It wasn't I who entered into such toxic note agreements and it wasn't I who is personally promoting in the infomercials to maximize the return for these lenders.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 57
Liquidity and Capital Resources
.... the Company issued, as partial consideration, 25,000,000 shares of its common stock (valued at $100,000) to a media consulting firm for investor relations services under a six-month agreement through May 2024.
Seems that I am the one who posts facts WITH links which makes my posts unassailable which is the reason you all focus on petty personal distractions. It takes a bit of work to dig up factual due diligence. I could give a rip what the DTC is doing and since you didn't provide any information for that either who cares. Recent SEC actions and pending rule 144 changes are what has put an end to immediate toxic share dumps.
The SEC has been working on Rule 144 holding period amendments for some time. These amendments were to be formalized April 2024 and are now scheduled for October 2024. This rule 144 holding period amendment will codify what the SEC has been enforcing since 2022 charging toxic lenders with failing to register as dealers. This is why I believe that the share dumps at the end of 2023 and through Q1 2024 were the result of shares converted in Q2 and Q3 2023. That nearly 500 million new shares for 2024 will begin to hammer this into a pulp starting the end of June after the 180 day holding period from what I see.
SEC Publishes Fall 2023 Regulatory Agenda
Posted on December 7, 2023
https://www.knowntrends.com/2023/12/sec-publishes-fall-2023-regulatory-agenda/
Selected Proposed Rules. In this Regulatory Agenda, the SEC has moved the target date for proposing rules for Corporate Board Diversity and the Rule 144 Holding Period, from April 2024 to October 2024,...
Stock Issuers & SEC Taking the Fight to ‘Toxic’ Lenders
Agency bringing actions against convertible noteholders for failing to register as dealers
by Howard Mulligan August 15, 2023 in Financial Services
https://www.corporatecomplianceinsights.com/sec-toxic-lenders/#:~:text=Since%20early%202020%2C%20the%20SEC,required%20by%20the%20Securities%20and
Since early 2020, the SEC has been investigating purchasers of convertible notes of issuers trading on OTC Markets Group and has initiated several enforcement actions against these noteholders for violations of federal securities laws, particularly failure to register as a “dealer,” as is required by the Securities and Exchange Act of 1934, as amended.
Pump and dump schemes have everything to do with the rules governing securities and the terms of the notes. They have nothing to do with Blackstar's product. Blackstar claims to be able to prevent short sales which has nothing to do with toxic dumps.
Their proposed trading platform operates in a distinct and separate market with liquidity issues. As an OTC trader, not long term investor, I would have nothing to do with type of trading. Short selling in the OTC is largely a myth that is perpetrated by those confused by the toxic note conversions. If you ever notice in the infomercials the CEO doesn't really flesh out a real world trading scenario and consequences for the individual trader who will eventually be asked to deal with their product.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 19
Frequently Asked Questions regarding Proposed BDTP ™ platform
Will the BEFS traded on the proposed BDTPTM trade at different prices than the OTC Pink?
Because it is a distinct market from the OTC Pink, where the common shares currently trade, there is a possibility that the prices reflected for the common shares will differ across the trading markets. BDTPTM, for instance, only accepts free trading securities (of BlackStar common stock) for cash and prohibits shorting. As a result, there could be a difference in price from one market to the next due to different liquidity in the markets as there are arbitrage opportunities in both separate trading venues.
SEC Correspondence February 13, 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000009/filename1.htm
Please clarify whether the trading market operating on the platform is distinct and separate from the OTC market on which the common shares currently trade, and whether there could be discrepancies between the trading prices of common shares and electronic fungible shares, whether resulting from different liquidity in the markets or otherwise.
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. BDTPTM, for instance, only accepts free trading securities (of BlackStar common stock) or cash and prohibits shorting. As a result, there could be a difference in price from one market to the next due to different liquidity in the markets as there are arbitrage opportunities in both separate trading venues. A risk factor detailing the possibility of price discrepancies has been added on page 20.
The S-1 prospectus was last updated in June 2023 with the notice of effect in July. The patent received its notice of allowance in October. The patent is based on information prior to this activity. What you see in the prospectus is the current state. The method for the trading platform was written on Amazons product which is why it is largely unpatentable. It is like writing a macro based application using Microsoft's EXCEL for some data tracking spreadsheet. They have done the same with Amazons blockchain ledger application. I don't believe there is much risk of someone trying to do what Blackstar proposes since the SEC isn't allowing it to operate. The CEO himself revealed in the first infomercial that securities are already being traded on a blockchain in the form of tokens. That is the future. Link to the video and the CEO's comment at about 9:30 into the segment.
Bubae
Member Level
Re: Joe DiMaggio post# 12658
Monday, April 01, 2024 10:43:53 AM
Post# 12668 of 13329
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174150905
It isn't simply some sort of "...needs some sort of "approval" or "go-ahead". "The BDTP™ has not been approved by any regulatory agency or broker dealer and is not currently operational." At this point it looks like the issue is more than not being able to obtain a relationship with a ATS or Broker /Dealer, rather it appears to be a regulatory issue. We can not know for sure because the CEO doesn't address this issue directly in any of the infomercials or even in the filings. Simply states what is linked below.
As for the other ideas penciled into the same template, the system and method patents appear to be pretty weak even if someone was interested in doing the same thing. After all that is all a patent provides, the right to defend their method or system. While the trading platform idea has been promoted for years it didn't take them long to roll something else out once the basic template for the system and method was established and accepted by the patent office. According to Blackstar "...Significant elements of our intended products and services are based on unpatented trade secrets and know-how..." further the applications that they have developed depends on Amazons AWS technology.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 3
DESCRIPTION OF BUSINESS
We are based in Boulder, Colorado and are engaged in Merchant Banking and Finance in the United States....
...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. We have recognized net losses of $1,046,983 in the year ended December 31, 2023. We have relied solely on sales of our securities, convertible note financing, and private loans to fund our operations.
Page 5
HISTORY
Definitions
BlackStar Digital Trading Platform (“BDTP™”): a digital Electronic Fungible Shares trading platform enabling the trading of BlackStar common shares in electronic fungible form. (The BDTP™ has not been approved by any regulatory agency or broker dealer and is not currently operational.)
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
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.
We all now that your two cents has been consistently wrong since this was trading above a penny. How about a few facts with links. GS Capital has the contract and appears to hold all the cards in this lawsuit. The pressure to settle is all on Blackstar and the consequences are so egregious that Blackstar is compelled to spend a ton of cash that they do not have to defend. It appears that they are wholly relying on the sympathy of the courts to me.
When you read the back and forth in the documents on the Nevada Supreme Court site you can see that Blackstar is way out of their depth in trying to defend their actions. The bottom line is in the Nevada Supreme Courts ruling denying the stay, "When a contract is clear on its face, it will be construed from the written language and enforced as written." That is a pretty powerful statement. Blackstar signed a terrible agreement for which they must now pay the consequences. This is what happens when there are adults are in the room.
https://caseinfo.nvsupremecourt.us/public/caseView.do;jsessionid=DD86B554D3E6998D3A6E9EB41AA71067?csIID=68335
Document 24-05565
("When a contract is clear on its
face, it will be construed from the written language and enforced as
written." (internal quote marks omitted)); and appellant has not
demonstrated a likelihood of success on the merits sufficient to tip the
balance of the NRAP 8(c) factors in favor of a stay. Accordingly, we deny
appellant's motions.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page56
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.
Fire away friendo, if facts about your history here is offensive then you should think about that. This isn't your board and you are by far the nastiest purveyor. I would recommend that you contact admin if you have a problem with my posts.
I got a chuckle out of that. 🤣 someone paints the tape with 15K shares 20 seconds before the close and you are beside yourself with glee to finally break 2. Back around the time this hit the 52 week high of $0.0128 you claimed to "...own a sizeable amount of the float." You may be green today but you are clearly amongst the biggest losers in this ticker. But don't let that temper your rhetoric on this board.
Savannah-Marc
Re: ice trader post# 4303
Wednesday, November 29, 2023 10:33:21 PM
Post# 4442 of 13310
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173325037
Share count increases for 2024 totaling 495,744,512 new shares added to the outstanding share count since the beginning of 2024. Of those 195,620,499 shares were issued at a price of only $0.00006 per share. What our desperate friendo calls lies. Two weeks since the last update.
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)