Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Wish I were paid. My best chance of getting a payday is with the SEC complaints friend. I think what people understand is the actual quotes from the filings and press releases with the links that you all constantly complained about for months. The current filing validates everything that I have been saying and even reals worse than what I was saying about the dilution. You and others mocked my posts for months so your bitterness should be directed within for ignoring the information. Yes, I believe this CEO was instrumental in the paid infomercials to maximize the returns for the toxic note holders. You blame me as I caution traders here while you all who promote shamelessly for months as unpaid schills? How laughable.
This CEO is pretty reckless in my opinion and it is beginning to look like he has little to lose. After operating a losing Merchant Banking business of years I doubt he has much in personal wealth to go after for any trading losses recovery. The other owner of this is now deceased as of last summer at age 75 and I believe this CEO is now 70. He needs to clear that debt if his Series "A" preferred ownership is to be worth anything. I doubt those preferred shares will ever be worth anything unless he can unload those on traders of Blackstar. As far as Blackstar's assets there isn't anything to go after there either from what I see. These very old note holders need to bide their time and hope for a window to convert.
Not only the answers the links to the information as well. 😆 People with try to trade this as long as the infomercials keep coming. It is beginning to look like the infomercial scheme is lacking its luster however with the April 10th failure. This CEO needs to conjure up some new material because he has a ton of very old paper to move.
The two notes in the S-1 are intact from November with current principle balances of $584,079. They matured two years ago and with interest should be worth North of $800K. The S-1 originally filed in 2021 received its notice of effect July 2023 and registers only 46 million shares. Both notes had form D's filed at the time the notes were written so who knows how they will start moving that debt. Both notes convert at a 50% discount to market.
Blackstar has been converting debt fairly frantically since November so they are doing their best to make hay while the sun shines which tells me that this CEO doesn't expect this to last. Since May 5th 2023 they issued 1,056,870,102 new shares because they knew the sun was coming out and they needed to get some debt moved from what I see. With conversions as low as $0.00006 they didn't get but a pittance of debt relief relative to the losses banked by traders of the stock. Ridiculous. 😒
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.
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 lender agrees to limit the amount of stock received to less than 4.99% of the total outstanding common stock. There are no warrants or options attached to this note, and the Company has reserved 44,000,000 shares for conversion. Net proceeds from the loan were $177,500, after original issue discount of $20,000 and legal fees and offering costs of $22,500. Details of the promissory note and securities purchase agreement can be found in the Form 8-K and exhibits filed on February 4, 2021. 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 lender agrees to limit the amount of stock received to less than 4.99% of the total outstanding common stock. There are no warrants or options attached to the note. The Company received the net proceeds from the loan of $462,000, after original issue discount, legal fees and offering costs of $88,000. Copies of the promissory note, securities purchase agreement, and transfer agent letter can be found in the Form 10-Q and exhibits filed on May 17, 2021. 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.
You might do a little reading yourself...maybe? Just a bit? You really want to deal with a trading platform that is distinct and separate from the OTC market when you are trying to flip the crap? Pay a fee for the privilege? You don't believe this effects the liquidity of a stock? They state, different markets, different liquidity.
They intend to market to companies and I for one would touch a stock using Blackstar's trading platform. Who do I sell to, someone else using the platform? 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
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
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.
app is application. Just a method that by their own statements is largely "...based on unpatented trade secrets and know-how...". I have done so much reading over their information the past few months that I just don't think much of what they are doing. The fact that they have to use misinformation and paid infomercials to move shares says a lot. Unsustainable however.
Yeah, I'm sure conducting it on a blockchain really helps. The announcement didn't garner much attention and the CEO couldn't sell it to get the new shares moved. All these ideas penciled into the method patent idea is for selling shares. These note holders will make far more from this scam than Blackstar ever will. All off the backs of those who have been playing with this. Do you realize that there are phone apps that have more to offer than Blackstar's app and they make money. 😆There are a lot of losses being banked here. "...Significant elements of our intended products and services are based on unpatented trade secrets and know-how..."
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.
Shawn Leon is delinquent in his filing now. First time that I know of. This trash may finally be headed for the bin. There must be some very bad news in the annual. Can't wait to see it. 😃
Blackstar's app is trash that they aren't even allowed to even use themselves. I'm not going down the rabbit hole for product that has no viability and discuss it as if it were legitimate. You would think that Blackstar could pay for a relationship with a dealer / broker or ATS just for the the next share selling infomercial value. The underlying issue from what I see is not the relationship which should be easy rather it is that the SEC simply won't allow it.
Consider the history of statements;
September 2020
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.
March 2023
We anticipate initiating formal discussions with the SEC and its relevant divisions and offices, including the Division of Trading and Markets, within the next six months with respect to seeking the approval or clearance of our shares being eligible to be traded on our BDTP™ platform.
September 2023
At this time, no ATS has committed to an arrangement. We intend to continue having discussions with various ATS's until we have secured an arrangement that will allow the BDTP™ platform to operate.
Annual 2024 released April 15th on page 17
BlackStar intends to continue to seek further input from various regulatory agencies and others on the functionality of the BDTP™ over the next several months.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
The BDTP™ platform is not currently operational for any securities and any such securities must first be registered with the SEC under the Securities Act or have an available exemption from registration.
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. We intend to continue having discussions with various ATS’s until we have secured an arrangement that will allow the BDTP™ platform to operate.
Page17
BlackStar intends to continue to seek further input from various regulatory agencies and others on the functionality of the BDTP™ over the next several months.
BlackStar's Digital Trading Platform Concept Receives SEC Guidance in Q3 2020
Tuesday, 15 September 2020
https://www.accesswire.com/606154/blackstars-digital-trading-platform-concept-receives-sec-guidance-in-q3-2020
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.
BlackStar Enterprise Group, Inc. Provides Registration Statement Update
Wednesday, 15 March 2023
https://www.accesswire.com/743761/blackstar-enterprise-group-inc-provides-registration-statement-update
We anticipate initiating formal discussions with the SEC and its relevant divisions and offices, including the Division of Trading and Markets, within the next six months with respect to seeking the approval or clearance of our shares being eligible to be traded 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
https://www.accesswire.com/782422/blockchain-first-infrastructure-designed-to-enable-public-company-common-shares-to-trade-as-digital-securities
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. We intend to continue having discussions with various ATS's until we have secured an arrangement that will allow the BDTP™ platform to operate.
The lack of selling here makes sense. I have seen this with other stocks who's CEO puts out a regular stream of press releases, in this case infomercials, when they are selling shares. Traders hold hoping that next infomercial produces a bit of liquidity to work with. I watched Jason Remillard the CEO of Data433 ($ATDS) do this for years with weekly press releases when he was selling shares. He did this for years with four reverse splits in four years, a great tactic that works. Traders love this and will play the game. A game that only the company and those converting control. You are up against a recent multi month low after it was cleared out with the November run to a penny. They will continue to work this space up against the low and hope the liquidity holds up. That April 10th infomercial was a fail so maybe traders are finally wise to the CEO's game now.
It worked on March 22nd when the CEO was in full pump mode and those watching were led to believe once again that Blackstar had a viable product. The April 10th infomercial was different in that the CEO reveals that they aren't able to use their blockchain trading platform app to trade even their own shares. The result was only 3.4 million shares traded. Add to that the new filing and we now know for certain that this guy has been dumping shares into his promotion for months. Consider the character of a CEO who would spent many tens of thousands on professional media consulting to dupe traders into paying top dollar for conversions that are already priced at the very bottom of the trips. You all have been conned and that has been clear to me for months. Now what does he do to move more shares?
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
During the year ended December 31, 2023, the Company issued shares of its common stock as follows:
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)
Again, you never provide any links to your information for context. You aren't entitled to you own facts. We live in the age of AI and what Blackstar proposes to do is actually what is being done on your current trading platform, same types of book entry shares jus as an app on Amazons Blockchain ledger. I googled the top blockchain platforms and found an article naming 20. Guess what. None mentions Amazons product.
This CEO isn't even able to get Blackstar's stock to trade on the proposed platform idea which has been the case for years. When you are reduced to very wording and deceptive statements in an infomercial you know they have a problem. Two things about this trading platform that even Blackstar doesn't want to do right now. One, whoever uses it must partner up with an existing dealer / Broker or ATS and how does that affect the liquidity of their stock. Second, those shares a company puts into the trading platform is "...distinct market from the OTC Pink..." thus again creating liquidity problems. Who here would trade such a stock let alone pay a fee to do so. There is absolutely nothing wrong with the way stock is traded currently and that technology's development is fluid.
Top 20 Blockchain Platforms in 2024
https://www.knowledgehut.com/blog/blockchain/blockchain-platforms
For the quarterly period ended September 30, 20
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
BlackStar Digital Trading Platform TM
Background
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.. It will remain in the testing phase until we license the BDTP™ platform to a broker-dealer, clearing firm, and/or ATS.
We believe that the BDTP™ platform is compatible with the Depository Trust Company’s (DTC) Deposit and Withdrawal at Custodian (DWAC) service, which provides participants with the ability to make electronic book-entry deposits and withdrawals of eligible securities...
The core platform has been designed for initial use with BlackStar common stock and is thus the BlackStar Digital Trading Platform™ (BDTP). Our BlackStar Electronic Fungible Shares (BEFS) are proposed to be the initially traded securities on the blockchain on the BDTP™
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.
BlackStar's Digital Trading Platform Concept Receives SEC Guidance in Q3 2020
Tuesday, 15 September 2020 12:00 PM
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.
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.
You never provide anything to debate. Just more whining about the facts that I post, information in the words of the company, complete with the links. Real due diligence for those conducting their own due diligence. You all would have saved yourself a lot of grief had you paid more attention to the information rather than the messenger. 😉 The lack of response with the fourth infomercial is a bit disconcerting isn't it? If you see this CEO's face in an infomercial you can bet he has shares at the ready. Those spots cost money and we now know who is paying for them. Happy trading.
I guess those new to this ticker should just be led into the dilution pit with no information? They are everyday working people are they not? What do we call the promoters who have been pumping this since a penny? That wasn't good for even Blackstar who got but a pittance from those ridiculous conversions.
Have to ask why the CEO has been burning even more shares hiring a media consultant group to maximize their returns. Also have to wonder when he issued those unregistered shares priced at $0.004. Sorry, don't think much of the guy who is dumb enough to end up with this expensive lawsuit and be the pitchman in the infomercials to con new traders into the conversions.
Lemonade for Kool Aide drinkers? Ahhh lemonade flavor. I get it. Good one. 😆
Yeah, well that is old news isn't it so it is a bit late to pin it. Can't make this crazy stuff up. That news was released in the 8K dated March 22nd to little fan fare. The CEO tried to pump it in the April 10th infomercial which only drew 3.4 million in trading volume for the day. Traders have finally got wise to this share selling scam from what I see. Another app penciled in on the same template to run on Amazons product. If Amazon stopped supporting their product Blackstar would be done. 😆 Big deal Corporate Governance on a blockchain ledger. Whoo Hooo.
FORM 8-K
Date of report (Date of earliest event reported): March 22, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000028/blackstar8kmarch2024.htm
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.
To give everyone an idea as to the cash burn for this lawsuit over a principle balance of only $33,682. The numbers below are for 2023 and the lawsuit was filed November 6th. The bench trial isn't until January 2025. These guys do some really stupid things, no wonder GS Capital is receiving conversions at $0.00006 a share. 😆
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 55
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.
UH OH! Ethema Health is now pink limited - Delinquent SEC Reporting. This could go on for a while because there won't be good news in that filing. It is beginning to look like that regulation "A" offering will fail even with the split.
https://www.otcmarkets.com/stock/GRST/overview
No, they actually only used the word GREEN a couple of times previously according to a simple word search. Once the day after the November 28th 52 week high of $0.0128 with a nasty response to someone who questioned the strength of the stock. Then again on December 5th when the stock closed at $0.0078. But don't let being wrong for months temper the language. I also have to ask who's "...@ss is Blackstar broke!!!!!"
Savannah-Marc
Re: Ringing 7 post# 5259
Tuesday, December 05, 2023 5:00:20 PM
Post# 5265 of 13039
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173365515&txt2find=GREEN
On the low side .50
On the high side $1 and north
Blackstar's patented software has billion dollar implications!
Blackstar has first movers advantage in transacting equites within SEC regulations through digital ledger technology.
Foreign market exchanges, such as Australia's, will be highly interested in adopting Blackstar's blockchain software!
I'm still in the green on BEGI and I fully expect BEGI to amaze shareholders in 2024 and beyond (if they don't get bought out for billions heh heh)!
Savannah-Marc
Re: Starlost post# 4373
Wednesday, November 29, 2023 4:25:57 PM
Post# 4374 of 13039
It's called volatility numb nuts and this damn stock trades at sub-penny levels, what in the f@ck do you expect for this to do, end the trading day green everyday like it's a St. Patrick's Day parade???
Anyway I'm BEGI Bullish!
Your @ss is Blackstar broke!!!!!
I was calling you all Kool Aide drinkers back on the day this hit the 52 week high of $0.0128 on November 27th. Who was correct? I have been called names here ever since for pointing out the dilution. My post# 3858 was typical for the time and those who paid attention probably saved themselves some money. Good luck with your gold mine because you aren't one of the toxic note holders converting those extraordinary terms. You are the one being mined! 🤣
Bubae
Member Level
Re: dinogreeves post# 4025
Monday, November 27, 2023 6:47:51 PM
Post# 4026 of 13036
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173305774&txt2find=kool
Member Level
Re: gshores post# 3852
Sunday, November 26, 2023 11:25:37 PM
Post# 3858 of 13036
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173298539
Wow, only six million shares on the bid at $0.0003. Looks like Shawn Leon's game of wait and borrow has run its course. That regulation "A" offering is a year and a half old now and I doubt the split will serve them up much at this point. Most are on to their game. Normally people would be buying for the latest press release declaring the best year for the company EVER! While it fails to attract much interest at $0.0003. 🤣 No annual? Are they finally BK?
A sample of Shawn Leon's press releases below. Q2 2023 was "...ARIA’s highest quarterly profit to date..." yet while the revenue number increased by 37.7% the bottom line operating income decreased by 37.9 percent YOY. That operating income for the quarter was only $32K which is but a pittance for this very expensive business model. Is Shawn Leon's fictional tale of success for years finally been laid bare? Where is that annual?
Ethema Executes Two Real Estate Transactions and Major Debt Repayment
July 17, 2023 09:34 ET
https://www.globenewswire.com/en/news-release/2023/07/17/2705721/0/en/Ethema-Executes-Two-Real-Estate-Transactions-and-Major-Debt-Repayment.html
The Company further reports that its ARIA subsidiary’s extremely strong results in April and May continued in June and overall revenue for the ARIA subsidiary will be approximately $1,450,000 for the quarter, which will result in ARIA’s highest quarterly profit to date. The second quarter results will be released before August 14, 2023.
For the quarterly period ended June 30, 2023
https://www.otcmarkets.com/filing/html?id=16878947&guid=kvN-kHadOtVaJth
Revenues
Revenues were $1,565,959 and $1,138,032 for the three months ended June 30, 2023 and 2022, respectively, an increase of $427,927 or 37.6%.
Operating Expenses
Operating expenses were $1,533,813 and $1,086,270 for the three months ended June 30, 2023 and 2022, respectively, an increase of $447,543 or 41.2%.
Operating income
Operating income was $32,146 and $51,762 for the three months ended June 30, 2023 and 2022, respectively, a decrease of $19,616 or 37.9%.
Meanwhile those who listened to the "... the poorly paid scum sucking reprobate bashers who so vilely inhabit the nether regions of this board..." since this was trading above a penny saved themselves a lot of money and grief. 😆 Ever see a CEO conduct such a media blitz using his own face to move so many conversions price at such a spread to market. Do you think it was necessary for him to personally get out there to ensure that these toxic note holders turned a profit off those shares priced below $0.0002? You all were duped plain and simple.
This isn't about you bag holders anyway, what Blackstar need is new money and a lot of it. Read a filing to see the very old debt that still needs to be moved. What this CEO is doing is making hay while the sun shines. Been saying this for months and it is true. Looks like clouds are gathering however, 119 million shares traded off the March 22nd infomercial and only 3.4 million with the April 10th infomercial. This game of fools has tagged you as the greater fool from what I see.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
During the year ended December 31, 2023, the Company issued shares of its common stock as follows:
convertible note payable.
the Company.
consideration for a media consulting contract.
In 2024, GS Capital filed notices of conversion and were issued, in three tranches, 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share on their note of October 11, 2021. (See “Item 3. Legal Proceedings” for additional information related to GS Capital Partners).
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.
This is one of the most manipulated stocks out there and those holding are true Kool Aide drinkers. So far this morning around $10 in a couple of trades of less than 7K shares has move it up 10% to $0.0017. Yet on March 22nd off the infomercial they generated 118 million in trading volume and couldn't crack a $0.0019 close. This is unadulterated trash and judging from the lack of response to the last infomercial most watching now understand that. What will they do next because they have a ton of paper to move.
It now looks as if what is in print in the filings is suspect as well here. We do not see anything in the lawsuit updates about GS Capital receiving a conversion price of $0.00006. The January update suggests a conversion price of $0.00013. Same thing in the February 27th update. They will need 561,366,666 shares to cover the $33,682 principle amount at a conversion price of $0.00006. Getting an idea of why Blackstar is spending so much cash to defend the lawsuit? We are just talking about the principle amount here with potential legal fees, interest, etc to be ruled on. Since December 22nd, the day after the first tranche of shares was issued to GS Capital according to the January update, Blackstar has issued a total of 495,744,512 shares with 153,313,087 restricted for a balance of 342,431,425 shares. Now I read in the annual that more shares were issued? It wouldn't appear that the restraining order preventing Blackstar from trading any shares since November is still in effect? All this expense and nonsense over a $33K note balance? 🙄
Date of report (Date of earliest event reported): January 11, 2024
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
In the Quarterly Report for the period that ended September 30, 2023, the Company reported that, subsequent to the end of the period, GS Capital Partners LLC (“Plaintiff”) filed a lawsuit against the Company in Nevada. The lawsuit relates to a claim regarding the purported unavailability of shares to convert against the remaining principal and interest on a Promissory Note entered into on October 11, 2021, which had a remaining principal balance of $33,682. At the outset of the case, a temporary restraining order was entered preventing the Company from trading any shares. As currently postured, Plaintiff seeks specific performance (a mandatory injunction) requiring the conversion of approximately 257,000,000 shares and possibly additional recovery of legal fees and interest. The lawsuit increases the Company’s financial and administrative burdens and is a risk to the Company’s capital.
Date of report (Date of earliest event reported): February 27, 2024
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000023/blackstarmarch2024v2.htm
For the fiscal year ended December 31, 202
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
In 2024, GS Capital filed notices of conversion and were issued, in three tranches, 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share on their note of October 11, 2021. (See “Item 3. Legal Proceedings” for additional information related to GS Capital Partners).
Yes, 15 days was Monday. It should be a fun read when Shawn ever gets around to it.
As usual you can not debate the content which are the words of the company with links, it is always about the messenger. Same crap for months just another day. Your comments below just before this took a 70% nose dive to $0.00019. Many dilution deniers were here at that time, still not a believer? They have been feeding you all the new shares ever since with this CEO as the pitchman in the infomercials. Still calling for a nickel. 🙄
kid biscuit
Re: Bubae post# 8092
Tuesday, December 26, 2023 7:05:12 PM
Post# 8094 of 13024
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173505761
Can I ask why you are here all day long from morning to evening running down the company ?... it was already revealed your information about issuing more shares was shown to be the opposite in current Dec 23 filings. Obviously your retired, but what is your goal? We other posters here have our money invested, why take anger out on us? We didn't hurt you in any possible way, have never even met you.
Must be a bad day, sheep trying to disguise their identity. It is Baa, not Moo. 🤣
Of course they could settle before the bench trial date. GS Capital has a contract in hand for the loan with nasty terms designed to motivate repayment. Apparently Blackstar objected to handing over shares with a conversion price of $0.00006 but who's fault is that? Take a look at the press releases for 2023 prior to the beginning of the October promotion push in my post# 13005 linked below. The same narrative for years of a trading platform that Blackstar isn't even able to use. March 2023 "...there can be no assurance that such regulatory approvals will be obtained in a timely manner or at all...." and "...The BDTP™ is not yet functional and may never be functional...." this is why traders had this down to $0.0001 just days before the October press release. So the CEO at that time effectively helped drop the price. From October on he promotes and takes care to avoid the subject of product efficacy.
So while he is issuing press negative press releases with factual information what is he doing? He registers $125K with the FORM D in May. First nine months of the year he hands out 698 million shares for conversions priced at an average of $0.00017 a share with all but 104 million from Q2 on. Then he starts writing a series of what became eleven smaller notes beginning in March and running through November for a total of $425K. All of those include free shares as sweeteners. They got the notice of effect for the S-1 offering in July for two notes with current principle balances of $584,079 that mature two years ago. With interest those would be worth north of $800K now. In July they "...approved and authorized the issuance of shares..." for insiders totaling 154 million shares. Keep in mind that this company has zero full time employees. GS Capital made their request for shares on November 2nd adding even more to the pile had Blackstar handed them over. What Blackstar didn't anticipate was the restraining order of November 9th that prevented Blackstar from trading shares.
So why are they queueing up all these shares while at the same time helping to bust the price to $0.0001 for the ridiculous conversions? He didn't have to issue any press releases during the period. He then flips the switch and goes into promotion mode complete with issuing shares for "media consulting contracts". He recruited professionals to help maximize the return for these toxic note holders which also maximized the losses for those trading the stock. Get ready now because when the restraining order is lifted it will be game on again. 😆
I do not believe in coincidences with regard to these trashy pink sheet tickers and I do not give the benefit of the doubt to those who run them. This is a con man peddling trash in my opinion and those trying to flip it will continue to pay the bill.
Bubae
Re: None
Monday, April 15, 2024 9:11:48 AM
Post# 13005 of 13018
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174237993
$125,000 FORM D registration
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000054/xslFormDX01/primary_doc.xml
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
AMENDMENT NO. 10 TO FORM S-1
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000063/blackstar_s1a10.htm
For the quarterly period ended June 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000073/begi-20230630.htm
NOTE 10 – SUBSEQUENT EVENTS
On July 1, 2023, the Board of Directors approved and authorized the issuance of shares of the Company’s common stock as follows:
Here is another awesome number. Want to know how much GS Capital will be banking off the lawsuit so far? 195,620,499 shares priced at $0.00006 as share for so far for 2024. getting an idea as to how worthless these shares are? WOW! 😆
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
NOTE 12 – SUBSEQUENT EVENTS
In 2024, GS Capital filed notices of conversion and were issued, in three tranches, 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share on their note of October 11, 2021. (See Notes 7 and 11)
Wonder where you realized and unrealized losses went? 😆 845,162,311 shares for conversion of $200,432 principal and interest on notes of the nearly one billion shares issued for the year. That is an average conversion price of $0.00028. That conversion price is horrible but is an improvement over the Q3 number of 698,077,221 shares for conversion of $116,725 principal and interest or an average price of $0.00017.
As of December 31st 2022 there were 546,495,214 shares outstanding. As of December 31st 2023 they report the total to be 1,544,696,448 or nearly one billion new shares. As of April 8th the OS total is 1,740,316,947. Of the total of shares issued in 2023 104,643,939 shares were issued in Q1 so the rest are from Q2 on. Add in the 180 day rule 144 holding period and maybe we get an idea as to why this CEO is so busy with the infomercials. 🤣
Now I was thinking that these note holders banking a bloody fortune on these conversions were paying for these infomercials. See that line item "25,000,000 shares valued at $100,000 ($0.004 per share) as partial consideration for a media consulting contract.'? That was a "PARTIAL consideration" Yep looks like you all paid for that as well and early on. Why would these shares be available for immediate sale? I would very much like for the SEC to look at the various activities around this company. Can't wait for the Q1.
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
Common Stock
During the nine months ended September 30, 2023, the Company issued shares of its common stock as follows:
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
During the year ended December 31, 2023, the Company issued shares of its common stock as follows:
For the quarterly period ended March 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000051/begi-20230331.htm.htm
During the three months ended March 31, 2023, the Company issued shares of its common stock as follows:
Finally got the annual today. As expected they didn't get any of the debt in the S-1 offering done likely due to the restraining order that GS Capital was able to get in place early in November. The two notes in the S-1 offering total $584,079 and matured two years ago. With interest those notes should be worth north of $800K with steep discount to market conversion language.
Also noticed that the Q3 filing that was released at the end of November listed two new new notes issued in November The annual reveals that a total of five notes were issued last November. This brings the total of the short term to eleven. $175K of the original eight notes plus interest will have matured by May 1st. Two matured in December two more in February and the fifth due on May 1st. Take a look at all those free shares to be issued with these notes in particular the note dated November 13th. While it has a relatively low interest rate is was issued twice the free shares for a note of $25K relative to the others. This company has shares coming from all angles. Getting an idea why the pitchman CEO has been in so many infomercials since the beginning of the year. 😆
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
NOTE 10 – SUBSEQUENT EVENTS
In November 2023, the Company borrowed $50,000 and $25,000 from each of two unrelated individuals, repayable nine months from date of the notes with interest at 11% per annum. At maturity, the Company will repay the face amount of the loans in cash, including unpaid and accrued interest at 11% and, in addition, will issue 7,500,000 and 3,750,000 of the Company’s common stock, respectively, to each of the lenders. At maturity the lenders have the option to be issued, in lieu of cash payment of the outstanding debts, an additional 7,500,000 and 3,750,000 shares of the Company’s common stock, respectively, as full satisfaction of the principal loan amounts and related unpaid and accrued interest thereon.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
NOTE 8 – NOTES PAYABLE (continued)
On November 6, 2023, the Company borrowed $50,000 and $25,000 from each of two unrelated individuals, repayable nine months from date of the notes with interest at 11% per annum. At maturity, the Company will repay the face amount of the loans in cash, including unpaid and accrued interest at 11% and, in addition, will issue 7,500,000 and 3,750,000 of the Company’s common stock, respectively, to each of the lenders. At maturity the lenders have the option to be issued, in lieu of cash payment of the outstanding debts, an additional 7,500,000 and 3,750,000 shares of the Company’s common stock, respectively, as full satisfaction of the principal loan amounts and related unpaid and accrued interest thereon. The Company has recorded the 11,250,000 common shares issued to the lender at $51,000, based on the $0.0045 closing trading price of the Company’s common stock as of the date of the loans.
On November 13, 2023, the Company borrowed $25,000 from an unrelated individual, repayable November 13, 2026 with interest at 5.5% per annum. At maturity, the Company will repay the face amount of the loans in cash, including unpaid and accrued interest at 5.5% and, in addition, issued 7,500,000 of the Company’s common stock, to the lender. At maturity the lender has the option to be issued, in lieu of cash payment of the outstanding debts, an additional 7,500,000 shares of the Company’s common stock as full satisfaction of the principal loan amounts and related unpaid and accrued interest thereon. The Company has recorded the 7,500,000 common shares issued to the lender at $40,500, based on the $0.0054 closing trading price of the Company’s common stock as of the date of the loan.
On November 17, 2023, the Company borrowed $50,000 and $25,000 from each of two unrelated individuals, repayable May 17, 2025 with interest at 5.5% per annum and August 17, 2024 with interest at 11% per annum, respectively. At maturity, the Company will repay the face amount of the loans in cash, including unpaid and accrued interest and, in addition, issued 7,500,000 and 3,750,000 of the Company’s common stock, respectively, to each of the lenders. At maturity the lenders have the option to be issued, in lieu of cash payment of the outstanding debts, an additional 7,500,000 and 3,750,000 shares of the Company’s common stock, respectively, as full satisfaction of the principal loan amounts and related unpaid and accrued interest thereon. The Company has recorded the 11,250,000 common shares issued to the lender at $86,063, based on the $0.00795 closing trading price of the Company’s common stock as of the date of the loans.
This guy gets away with a lot in the previous infomercials. the tenty year LOOK comment came at about at 1:00 into the segment with the comment "...given a twenty year look at the market..." followed by the comment "...for twenty years or patent is going into effect...". The comment about "monopoly" in the press release that was heavily promoted on social media early into the run is long gone.
At about the beginning of minute three he begins to talk about the news that Bitcoin was approved to trade on an ETF. He claims that it was the biggest announcement for Blackstar this year, that it basically gives Blackstar a greenlight to go ahead with their trading on a blockchain. Yet we know by Blackstars statement in the S-1 offering prospectus that "...The Company does not operate in the crypto asset markets, does not have crypto asset holdings, and is not proposing to participate in the crypto asset industry, including crypto securities, crypto currencies, and tokens. ..."
In the first three minutes he again talks about their technology. He always refers to their technology while what they essentially developed is an app on Amazons blockchain ledger product. In in the S-1 offering prospectus Blackstar states "...Significant elements of our intended products and services are based on unpatented trade secrets and know-how..." and "...Blackstar has built the technology based upon the Quantum Ledger Database, a blockchain framework from Amazon Web Services (“AWS”)..."
I have to admit that I didn't watch the latest infomercial until this morning. FINALLY, this CEO talks about the need to partner with a broker dealer or ATS starting about 2:50 into the video. Why is he suddenly talking about this now? This has been the case for years and the press releases leading up to the October promotional push included this information. If it is legal to use with a broker / dealer or ATS, why is Blackstar not trading their own shares on this proposed trading platform? Finally saying this in a new infomercial is why traders didn't take the bait on April 10th. You didn't hear a peep about this in the March 22nd infomercial that generated 118 million in trading volume. 😆
Just days before the announcement of the method patent allowance this stock was trading as low as $0.0001 because traders understood at that point that the trading platform wasn't going anywhere. The October press release the CEO states that the patent "...will give BlackStar a 20-year monopoly on digital equity trading of securities on a blockchain." That is the only place you will see the CEO mention the word monopoly for a product that they can't even use themselves. You won't see the word "monopoly" uttered again, not in the subsequent press releases or the infomercials but you can go back a see that social media seized on that statement to move the new shares during that period.
BlackStar's Digital Trading Platform Concept Receives SEC Guidance in Q3 2020
Wednesday, 16 September 2020 02:00
https://www.accesswire.com/606207/BlackStars-Digital-Trading-Platform-Concept-Receives-SEC-Guidance-in-Q3-2020
We hope that BDTP will be operational, subject to obtaining funding, by 1st Quarter of 2021.
In July 2020, the Company presented the concept to SEC FinHub staff members for regulatory guidance and received the recommendation to apply for Alternative Trading System ("ATS") status. Given that guidance, we are evaluating our options for finalizing the BDTP, including exploring partnerships with existing ATS's. BlackStar will continue to seek further input from various regulatory agencies and OTC Markets on the potential functionality and regulatory aspects of the BDTP over the next several months.
Q3 2023
For the quarterly period ended September 30, 2023
https://www.otcmarkets.com/filing/html?id=17069009&guid=A0J-knmv0E161Oh
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
Overview
The completion of our software platform depends on our ability to license it to an existing Alternative Trading System (“ATS”) or for us to possibly register as an ATS, which we do not intend to do at this time as we would prefer to license our platform to an existing ATS. The platform is not currently operational or in use by anyone. More details regarding the BDTP TM can be found in the most recent registration statement on Form S-1, as amended.
BlackStar Enterprise Group, Inc. Provides Registration Statement Update
Wednesday, 15 March 2023 10:30
https://www.accesswire.com/743761/blackstar-enterprise-group-inc-provides-registration-statement-update
Company is on the path to bringing its proposed business plan to reality. However, there can be no assurance that such regulatory approvals will be obtained in a timely manner or at all.
and there is no assurance that we will be successful in our shares being approved or cleared for trading on our BDTP™ platform. The BDTP™ is not yet functional and may never be functional.
Blockchain First Infrastructure Designed to Enable Public Company Common Shares to Trade as Digital Securities
Monday, 11 September 2023 09:29
https://www.accesswire.com/782422/blockchain-first-infrastructure-designed-to-enable-public-company-common-shares-to-trade-as-digital-securities
We intend to continue having discussions with various ATS's until we have secured an arrangement that will allow the BDTP™ platform to operate.
We currently intend to seek a contractual arrangement such as a license with an existing ATS for a quoting service, similar to the current listing of our common stock with OTC Markets Group. At this time, no ATS has committed to an arrangement.
BlackStar will Receive a Patent on its Revolutionary Digital Trading Platform: A Blockchain Encrypted Infrastructure Designed to Enable Digital Assets that are Securities to Trade on a Blockchain.
Tuesday, 24 October 2023 09:30 AM
https://www.accesswire.com/795852/blackstar-will-receive-a-patent-on-its-revolutionary-digital-trading-platform-a-blockchain-encrypted-infrastructure-designed-to-enable-digital-assets-that-are-securities-to-trade-on-a-blockchain
When asked for comment, BlackStar's CEO, Joseph E Kurczodyna stated that "this may revolutionize blockchain trading of digital assets that are securities." When this patent issues in due course at the USPTO, likely in November 2023, BlackStar will have a registered patent that will give BlackStar a 20-year monopoly on digital equity trading of securities on a blockchain.
Do you not know how foolish you look calling someone a liar when the facts are provided with links? 🙄
The next court date is the 22nd and the change of venue was settled at the district level and was denied. The issue Blackstar had before the Nevada Supreme Court was Blackstar's motion for a stay on the preliminary injunction which was denied. Then the Supreme Court referred the issue to settlement and that also failed on April 9th. According to the district court docket an bench trial is scheduled for January 2025.
GS Capital received their shares covering the principle balance of a $33,682 principle outstanding. That doesn't sound like much money but GS Capital locked in a conversion price 0f $0.00012 with their November 2nd request based on the conversion language in the note. Next we are looking at legal fees, interest, costs on this note that matured in October 2022. The note is surely in default now and should be subject to the default penalties and interest. Depending on if GS Capital is honoring the rule 144 holding period those tranches of shares issued should begin to become vested at the end of June. If they aren't honoring the holding period they risk the wrath of the SEC who has been coming down on the toxic dumps as lenders failing to register as dealers.
I would appear that Blackstar may have had a case for change of venue to New York based on the language in the securities purchase agreement but the district court didn't agree. Blackstar in incorporated in Delaware and the conduct business in Colorado. GS Capital actually has offices in New York. If you want to pay fifty cents a page you can request the case information at the site linked below. Just wasn't worth it to me. Blackstar has much bigger problems with debt so why the courted trouble with this relatively small note made little sense.
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
All of the litigation has occurred in the context of a preliminary injunction. BlackStar only recently responded to the complaint, seeking to vacate the existing orders and move the case to New York because of a forum-selection clause in the parties’ securities purchase agreement. That issue will be addressed at a hearing on February 8, 2024.
The Company sought reconsideration and a stay of the Court’s order requiring a mandatory injunction converting the Company’s shares. The Court denied the Motion to Reconsider but stayed the order of a mandatory injunction pending appeal for 30 days as of January 11, 2024.
SECURITIES PURCHASE AGREEMENT
https://www.sec.gov/Archives/edgar/data/1483646/000106594921000193/ex10_5.htm
5. Governing Law; Miscellaneous.
a. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York without regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought only in the state courts of New York or in the federal courts located in the state and county of New York. The parties to this Agreement hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The Company and Buyer waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs.
case number is A-23-881099-B, plug it into the court search query link below.
https://www.clarkcountycourts.us/Portal/
Here you go. I was wondering who it was myself.
https://ihwiki.advfn.com/index.php?title=FAQ:Mod_Squad
If it isn't eligible for review it tells you that it wasn't a moderator of this board.
I have called you out before on your false information presented as fact. You even formatted post # 12685 as if it were copy and pasted facts from somewhere though you provide no links. I called you BEGI stock and other OTC stocks are NOT tokenized. They are what is referred to as book entry shares which are electronic representations of paper certificates which is what everyone trades currently on their own trading platforms. In fact, the CEO talks about "...tokens securitized by common stock..." currently being done legally on a blockchain in his first infomercial. Details with links to the video in post #12668. Blackstar does not use tokens.
You claim that Blackstar is utilizing a decentralized blockchain. They have written an app that rides on Amazons product which is centralized. You also try to conflate what Blackstar proposes to do with that of digital assets and crypto currencies which is also false.
None of this matters because one fact has remained for years. Blackstar does not have regulatory approval to use their proposed idea for a trading platform. It is simply a narrative from which to sell shares in my opinion and these toxic note holders are making a fortune while Blackstar is receiving but a pittance in debt relief.
With the GS Capital note in litigation, the Quick Capital note in default for two years now, two other large notes that matured two years ago, this company is technically bankrupt in my opinion. This to say nothing about the recent series of eight nine month notes that began maturing last December, and there is more. We will revisit this when the annual is finally released. Monday will be the 15 day from the late filing extension notice.
SorcererDiviner18
Re: None
Tuesday, April 02, 2024 10:20:37 AM
Post# 12685 of 12989
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174158225
SEC Correspondence February 13th 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000009/filename1.htm
The shareholder does not exchange their common shares for electronic fungible shares. If they hold book-entry shares of common stock, these are already electronic fungible shares that may be sent to the blockchain (BDTPTM) to be traded in the normal course on a partnering ATS platform. If they hold certificated shares, then they would deposit their certificates for common shares with their broker-dealer, who would then send the certificated shares to DTCC or the issuer’s transfer agent and receive book-entry shares via the DWAC service. The book-entry shares held by the brokerage firm in the name of the shareholder are electronic fungible shares.
OTC markets currently trade book-entry electronic fungible common shares as well, however, the BDTPTM platform, with its ATS/broker-dealer host, is a distinct market from the OTC market. Because it is distinct from the OTC market on which the common shares currently trade, there is a possibility that the prices reflected for the common shares will differ across the trading markets.
Bubae
Re: Joe DiMaggio post# 12658
Monday, April 01, 2024 10:43:53 AM
Post# 12668 of 12897
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174150905
So your post reveals a market that is operating in the crypto asset segment and does have a bright future, but that isn't what Blackstar is peddling. You are essentially revealing the competition. More disinformation to promote this stock...
...Want to talk about tokenized securities? The CEO talked about securities that are ...currently are traded LEGALLY in the form of tokens securitized by common stock which is thrown into a blockchain. Link to that infomercial below where the CEO makes the statement starting at about 9:30 into the segment...
securities on a blockchain.
AMENDMENT NO. 10 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000063/blackstar_s1a10.htm
Overview of the BDTP™ Platform
Blackstar has built the technology based upon the Quantum Ledger Database, a blockchain framework from Amazon Web Services (“AWS”), and to use the AWS Cloud for transaction data storage.
The Company does not operate in the crypto asset markets, does not have crypto asset holdings, and is not proposing to participate in the crypto asset industry, including crypto securities, crypto currencies, and tokens. The use of a blockchain in our proposed platform often gets conflated with crypto asset markets due to blockchain’s use in those industries as well.
Take a moment and try to debate the content, maybe just once. How many posts have you dropped here offering nothing but constant shrill whine about what is actual due diligence complete with the links. It is this that make my posts unassailable and reduces everyone like yourself to complainers. My posts are for those who are conducting their own due diligence, not for you bag holders hoping to flip to the next fool or at least get out without the huge losses that you are sitting on. I bet this CEO sat around on the evening of March 22nd with those selling the conversions having beer and steak dinner laughing about the fools they conned.
You are blowing off into in the wind friend. Facts in the words of the company with links and you can't explain away why the liquidity driven by four infomercials since January is being soaked up with the selling. Few took the bait off the last infomercial. That must be rather unsettling for those of you wanting to flip or exit.
Not to mention made up. See anything there to support what they are saying? 🙄 That person is yet another on this board who tries to manipulate the stock based on conjecture presented as facts. New alias for that board member as of March 8th, the date of the first infomercial, and all posts are for Blackstar. Angst driven desperation as the picture becomes crystal and they are looking for an exit in my opinion. For some it isn't enough that the filings state that there is a ton of bad debt to move. Or for a CEO to be pitchman in the infomercials to move those shares.
Closing price for this trash was $0.0019 on January 4th, closing price after 188 million shares traded on the March 22nd infomercial was again only $0.0019. It was shown on March 7th how easy it is to move the price in the high teens up against a multi month low range. One board member here even claimed to be largely responsible for the run from $0.0014 to a close of $0.0019 on less than 25 million shares traded.
So what happened on March 22nd when the CEO was pumping the infomercial generating the 118 million in volume. Think maybe the high teens got filled with new bag holders like those of the twos.? This last infomercial didn't generate anything. By now most should be wise to the game and understand that Blacks star has a ton of very old bad debt to move and those conversions are in the very deep trips.
People were buying this because they believed they could flip the next infomercial that's all. Reminds me of Data433 ($ATDS) and Jason Remillard who duped traders out of millions with four reverse splits in four years peddling worthless software that he purchased along the way. Software that never found its market but was great for selling shares. Remillard used to issue press releases weekly when converting and traders loved loved the casino environment and banked tremendous losses. Much like the Shyster running Mullen Motors and the same breed of gamblers called traders.
Savannah-Marc
Re: None
Friday, March 08, 2024 10:19:47 AM
Post# 12043 of 12310
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174000173
I was a very very big part in making the share price of BEGI move up 40% yesterday and I vow to do it again soon! Watch and learn, read my past post history. I just don't talk on message boards.....I buy shares, a lot of them!!!
Bubae
Re: Savannah-Marc post# 12568
Wednesday, March 27, 2024 7:57:44 PM
Post# 12576 of 12971
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174129576&txt2find=40%25
I consider you harmless because what you say is typical nonsense for those who have the facts for context. However for those who are new may be susceptible pure conjecture driven promotion you present a problem worthy of reporting. Your alias was created as this highly promoted trash was approaching a penny. You have been relentless in your baseless promotional bloviation the entire time....
Anyone who engages in actual due diligence sharing is a basher to those who are holding the bag here. Who do you think is paying for these infomercials? Who paid for the social media promotion on these boards including Reddit. The Reddit folks made their money and are gone. Those who pumped this everywhere then are gone. I posted about the dilution just before this hit the 52 week high and was slammed at the time.
These toxic lenders who dumped 698,077,221 shares at an average conversion price of only $0.00017 a share made a small fortune. So they had plenty of money to throw around and the irony is that the funds to con traders came straight out of the bank accounts of those same fools who took the bait. What is even more deranged is that the CEO is now pitchman for these conversions in the infomercials. GS Capital locked in conversions at $0.00012 with their original share request dated November 2nd. Those shares were ordered to be issued for the principle balance in the preliminary injunction. More to come on the lawsuit.
Looks Blackstar will be sitting on the annual for a while longer and no doubt this last infomercial was a fail. Once the annual is released we will see how much of the debt the debt that was queued up for this promotional period was sold before GS Capital got the restraining order in place. This company is covered up in bad debt which must be paid for by those gambling on this stock. Good luck.
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
During the nine months ended September 30, 2023, the Company issued shares of its common stock as follows:
NOTE 7 – CONVERTIBLE NOTES
During the nine months ended September 30, 2023, the Company had the following transactions related to its convertible note financings:
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
...remaining principal and interest on a Promissory Note entered into on October 11, 2021, which had a remaining principal balance of $33,682. At the outset of the case, a temporary restraining order was entered preventing the Company from trading any shares. As currently postured, Plaintiff seeks specific performance (a mandatory injunction) requiring the conversion of approximately 257,000,000 shares and possibly additional recovery of legal fees and interest. The lawsuit increases the Company’s financial and administrative burdens and is a risk to the Company’s capital.
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.
Blackstar is essentially marketing an app and it looks like traders are finally wise to it. A useless app that doesn't pass regulatory muster. The app was written on the back of Amazon's patented technology so Blackstar will pay a fee to use it if the trading platform is ever allowed. New money is what is needed here to move that very old debt. New smaller nine month notes have been maturing since December.
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.