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.
Something like a two day total of 7.5 million shares off this last infomercial. That is a sad showing after the March 22nd 118 million shares traded off of the previous infomercial. That day made it crystal clear what is going on and that is what it takes for OTC traders for some reason. Clearly they didn't get the new money to step up so one has to wonder if they will take it down another notch before the annual is revealed.
We now have four infomercials since this hit $0.0019 on the slide back down January 4th and it is still trading at and below that level. It isn't often that you see toxic note holders moving this much paper banking that much profit while the company gets but a pittance of debt relief. No wonder Blackstar has a lawsuit, another note in default and two other very large notes two years past maturity now. Details in post# 12708 linked below. The annual filing will be a fun read this weekend if they get around to releasing it.
Bubae
Re: SorcererDiviner18 post# 12696
Tuesday, April 02, 2024 7:10:58 PM
Post# 12708 of 12946
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174163036
Well OK, lets step through this. My comment that they aren't able to get their debt refinanced is based on a bit of conjecture and I usually can point to the direct words of the company as evidence. To say that they aren't able to get refinanced is to give them the benefit of the doubt and not say that they are really ignorant when it come to finance. Blackstar claims to be in the Merchant Banking business and the CEO biographical information suggests that he does know something about financing.
Awfully quiet today marc. 😆 You probably know what I know and that is that the "...The parties were unable to agree to a settlement of this matter..." There was little doubt in my mind about that. GS Capital is holding a solid contract for the loan and egregious terms of default and failure to deliver conversion shares are intended to induce the borrower to follow through with their obligations. By the time of the bench trial scheduled for January 2025 this stock will likely be back into the deep trips again from what I see. I wouldn't be surprised if GS Capital requests monetary damages in lieu of the worthless shares.
Again it is always about what Blackstar doesn't talk about isn't it. January lawsuit update talks about filing with the Nevada Supreme Court. The February update doesn't mention anything about the denial for their request for a stay or the scheduled settlement proceedings. The January update mentions the temporary restraining order preventing Blackstar from trading shares. Nothing about that either in the February update. Details with links in Post# 12801 linked below.
https://caseinfo.nvsupremecourt.us/public/caseView.do;jsessionid=E54C4E1E29030D5413B8A28FA1E1A06E?csIID=68335
04/09/2024 Settlement Program Report Filed Final Report/No Settlement. The parties were unable to agree to a settlement of this matter. (SC)
04/10/2024 Settlement Order/Procedural Filed Order: No Settlement/Briefing Reinstated. The parties were unable to agree to a settlement. Appellant(s): 14 days transcript request; 90 days opening brief and appendix. (SC)
Bubae
Re: Savannah-Marc post# 12796
Monday, April 08, 2024 12:47:55 PM
Post# 12801 of 12931
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174198071
...See anything in the last lawsuit update for February that even mentions the denial by the Nevada Supreme Court? Anything about a settlement? Nope! Why note? Maybe it isn't good news?? 🙄 The current information is linked to the Eighth Judicial District Court where the case is being litigated. Date for a hearing is scheduled for April 22nd with a bench trial scheduled for January 2025. Good luck deleting my factual and supported posts and report away friendo!!!!! 🤣 So who is posting manipulative and false information? Yes you! 😆...
I should have a gofundme account to accept donations from those who passed on buying this trash in the past months based on the actual due diligence that I have provided. You know who doesn't get called out? Those who have been pumping this since it was trading above a penny. If I were paid I would happily disclose it and it would make no difference because what I post is the words of teh company with links to the information. I opinion doesn't matter at all because I don't deal in mindless conjecture.
You were whining about my posts back in early December when you should have been paying attention. What happened after the Christmas break friendo. How about a more than 70% sell off between December 27th and January 4th. Lets see, the January 4th close was $0.0019. The March 22nd close after a 118 million share trading day off yet another infomercial was ...$0.0019. The CEO is promoting an empty very old narrative and it is obvious if you conduct just a little due diligence. I make that chore very easy for everyone interested in this ticker.
Gunner54
Re: J2003 post# 7148
Thursday, December 14, 2023 11:56:13 AM
Post# 7149 of 12925
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173428732
Most would think bubee would have figured that out by now 🤣
Bubae
Re: gshores post# 7116
Thursday, December 14, 2023 10:14:38 AM
Post# 7129 of 12925
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173427195
Here is the dilution friend. Print from the SEC required documents with links. Point out a lie please.
Bubae
Wednesday, December 13, 2023 7:10:01 AM
Post# 6950 of 7105
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173417233
This is packed tight as a drum in the high teens with the 118 million shares traded to $0.0019 off that infomercial on the 22nd and you can bet the bulk of that was new shares. This infomercial was dud and those infomercials cost money so you can bet that they had shares queued up. Maybe they can get a decent bid build to dump into before the annual is dropped. After yesterday we know that they don't have anything new to promote.
We have $175K in total of the small notes written in the past year that will have matured by May 1st. The language claims that they will be paid in cash though they are convertible. They also have free shares in the language as sweeteners which I talk about with links in Post# 12656. We may have to wait until the Q1 filing to see if anyone else is loaning to Blackstar with the current state of the debt. That is the biggest tell really, traders have this price quite high in my opinion while Blackstar is having trouble finding new capital to cover just the recent notes let alone the notes that matured two years ago. Looks like the annual will be a weekend read so if they must dump I'm betting it is done by close tomorrow. The walk-up this morning might help.
Bubae
Re: None
Sunday, March 31, 2024 2:43:55 PM
Post# 12656 of 12918
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174147686&txt2find=two%2Bnotes
Eight, nine months notes with principles totaling $300K. Think they like what they see with the lawsuit cash burn and the old notes that can't convert? Looks like $175K of the notes plus interest will have matured by May 1st. Two matured in December two more in February and the fifth due on May 1st.
Careful, You said the train was leaving the station back on November 30th when it closed at $0.0113. 😆 The chart looks like that train ran out of steam and rolled all the way down to $0.0019 by January 4th. The run to a penny cleared this out so it will be a long bumpy ride down, and down it must go because Blackstar has zero revenue and a nasty debt situation. They have been converting up against the multi month low for a while but it now looks like traders are on to the infomercial share selling scheme.
495,744,512 shares have been added since the December 22nd update, More traders getting buried as the share count grows. Next up is an increase of the authorized share count to cover the reserve requirements for those very old notes in the S-1 offering in my opinion. Not that Blackstar cares what the notes say as evidenced by the Quick Capital note in default and the GS Capital lawsuit. Happy trading folks, flip them if you can.
Savannah-Marc
Re: None
Thursday, November 30, 2023 11:00:17 AM
Post# 4537 of 12912
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173328304&txt2find=train
This has been going on for a very long time now. If you have to partner with a broker dealer or ATS what use is it. To monetize the product they need to license it and those paying the fee need to justify it. If Blackstar can't even get their own shares trading on this platform why are traders buying the story that others will or can? Makes absolutely no sense.
The propose platform isn't used anywhere "...The BDTP TM has not been approved by any regulatory agency or broker dealer and is not currently operational..." They have a lot of very old debt, debt in default, litigating another note, new notes that have matured now, so all they have is this same story. Since October these toxic note holders with conversions as low as $0.00012 are cleaning up big time and Blackstar is getting but a pittance of debt relief.
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
Definitions
As used throughout this Registration Statement, capitalized terms used but not defined herein shall have the meanings assigned to such terms in the filing. The following terms shall have the meanings set forth below, unless the context clearly indicates otherwise:
BlackStar Digital Trading Platform TM (“BDTP TM”): a digital Electronic Fungible Shares trading platform enabling the trading of BlackStar common shares in electronic fungible form. (The BDTP TM has not been approved by any regulatory agency or broker dealer and is not currently operational.)
THE OPERABILITY OF OUR PLATFORM DEPENDS ON OUR ABILITY TO ENTER INTO A LICENSE AGREEMENT WITH A BROKER DEALER OR AN ALTERNATIVE TRADING SYSTEM.
Our plan to operate the BlackStar Digital Trading Platform TM relies on our ability to enter into a license agreement with a broker dealer or an alternative trading system (“ATS”)...
... If we are unable at any time to establish the necessary relationship, BDTP TM may never become functional. If we are unable to license BDTP TM to an ATS in this way, we may reevaluate whether we may apply for ATS status.
Yes, time to celebrate. 🙄 Of the 3.4 million shares traded today 1.2 million were done in the first 30 seconds and all sells. This on another promo day. If they had shares to move it was scuttled by the lack of demand. Next hearing is for April 22nd and any potential settlement news will be for interest, legal fees and costs associated with the default terms of the note. Bench trial is scheduled for January 2025.
GS Capital appears to have locked in a conversion price of $0.00012 for their shares requested November 2nd based on the average two day lowest trading price of $0.0002 just days before this highly promoted run-up. This could be potentially very costly for Blackstar and is likely costing them a bundle in legal fees to litigate what was only a $33,682 principle balance. Mean while the other note that matured two years ago just fester and wait their turn. They squeezed in one more infomercial before the annual and really got nothing for it.
case number is A-23-881099-B, plug it into the court search query linked below.
https://www.clarkcountycourts.us/Portal/
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
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.
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
ITEM 1A. RISK FACTORS
On November 6, 2023, GS Capital Partners LLC filed a lawsuit against the Company in Nevada regarding the unavailability of conversion shares relating to the Promissory Note entered into on October 11, 2021 and the remaining principal balance of $33,682. The plaintiff is seeking specific performance for the reserve of 700,000,000 shares, or damages in excess of $15,000, plus interest, costs, and legal fees. The lawsuit increases the company’s financial and administrative burdens and is a risk to the Company’s capital. Although the Company is attempting to settle the dispute by paying the note in full, there is no guarantee that this will settle the matter in its entirety. The Company may need to increase the authorized shares of common stock in order to accommodate any judgments or settlements, and the Company could be exposed to further risks of lawsuits for similar issues.
The future is now with digital assets on a blockchain, unfortunately that isn't Blackstar's space is it? Details with the link to the infomercial where the CEO reveals that "......currently are traded LEGALLY in the form of tokens securitized by common stock which is thrown into a blockchain." Those paying for you to promote really should ask for a refund. 😆
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...
I agree. It is only a matter of time. Traders aren't going to bail out Blackstar's old and new debt. Blackstar even discloses the potential of more lawsuits. These monthly share count increases aren't nearly enough. This promo appears to have been a fail so they can go ahead and drop the annual. We have been in the dark for months, time for the update to see where we are with the debt conversions that was queued up before the restraining order was in place. Good stuff stay tuned.
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
The Company may need to increase the authorized shares of common stock in order to accommodate any continued conversions, judgments, or settlements, and the Company could be exposed to further risks of lawsuits for similar issues. The Company will also expend additional resources in the ongoing litigation and any potential resolutions outside the above-reference conversions to common stock (which were already contemplated in the original convertible promissory note), negatively impacting its financial position.
Bubae
Re: Savannah-Marc post# 12811
Tuesday, April 09, 2024 6:26:00 AM
Post# 12823 of 12894
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174202162&txt2find=800K
...Three notes in that offering, one note declared in default in April 2022, the two other notes had principle balances totaling $597,534 as of the Q3 filing and matured a couple of years ago with interest those notes should be worth $800K now. Those last two notes convert at a steep discount to market and the Quick Capital note has the most impressive conversion language for a default note that I have ever seen....
This period of infomercials appears to have ran its course. They did this same thing in 2022 to move dilution during that period as well. Details regarding the dilution and infomercials with links in post Post# 10650 below. I have tried to find even one of those infomercials to compare it to what the CEO is saying today to move the current dilution. The price only managed a price of $0.0034 with less than 300 million shares outstanding.
Bubae
Re: AKATITUS post# 10648
Wednesday, January 24, 2024 7:48:45 PM
Post# 10650 of 12892
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173697663&txt2find=series%2B2022
Actually they did have another period when they were using these same infomercials to move shares. The New to the Street series launched June 2nd 2022 and by August 1st 2022 it managed a high of $0.0034 with less than 300 million shares outstanding. Then it sold off and never recovered until the fools here chased it to over a penny. 🤣 Lets see... what kind of shares did they have queued up for that period Hmmm... Traders got blasted with the new shares then as well.
Anything new about why Blackstar can't even trade their own shares with the proposed trading platform which has been the case for years. Why it isn't used anywhere? Does it even work as advertised? Details in post #12767 with links to the information.
Bubae
Re: SorcererDiviner18 post# 12755
Friday, April 05, 2024 9:52:21 AM
Post# 12767 of 12891
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174182324
Blackstar has zero revenue and have for years promoted a trading platform idea that to this day they are unable to use to trade even their own shares. So bidding war for this? 😆 The idea isn't even able to attract new capital to retire the old debt. That is why these old notes have been converting at fire sale prices. 698 million shares priced at an average of only $0.00017 a share producing only 116K in debt relief. GS Capital is receiving those lawsuit shares at only $0.00012 a share. The CEO is now the pitch man for infomercials to move the conversions. Doing a good job pitching the trading platform again while not mentioning that it isn't being used by anyone including Blackstar. 118 million shares traded on March 22nd off the last infomercial which really filled in the high teens. Now we have people buying here who are expecting to unload in that same range or higher? 🙄 That will require another oscar winning moment for the CEO and they will have tranches of their own shares to move.🤣
Why do you believe that any individual owns this board. It is no wonder you own this. 🙄 There are other boards if you are looking for an echo chamber. If you are looking for actual due diligence complete with the links this is the board for you. Everything you never wanted to know if you are a baggie can be found in my post history going back to the 52 week high of $0.0128 on November 27th.
Bubae
Re: dinogreeves post# 4025
Monday, November 27, 2023 6:47:51 PM
Post# 4026 of 12882
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173305774&txt2find=kool
Bubae
Re: AKATITUS post# 3859
Monday, November 27, 2023 12:01:19 AM
Post# 3862 of 12882
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173298613
Give it up partner. A bit more than 1.2 million shares right at the open and all recorded as sells. 😆 This ticker only traded a bit more than 1.5 million shares the entire day yesterday. Looks like 16 is the top of the range this time. The word appears to be out on this ticker finally. Really, how many infomercials do they think they can make before traders get wise? Boy who cried wolf?
Hey, Hey, Hey, don't stop there. What about the other three since January 8th? This is how you move those new shares 🤣 January 4th closing price $0.0019. Closing price after the March 22nd infomercial that generated 118 million in trading volume was again $0.0019. I think traders have enough information to bounce against the propaganda now to see through the promotional BS infomercials. I have to say this is not an impressive start for another promo day. What to do with those new shares. 🤫
It is hard to tell if its new isn't it. Same BS about a trading platform that they can't use. Looks like this promo isn't getting the traction like the others. Fool me three times but a fourth may be a bridge too far... Finally! 😆 They may have to take it down to move the new shares. The below statement found on page 30 of the S-1 offering prospectus. Hmmm CEO doesn't mention this in any of the infomercials does he?
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
Definitions
As used throughout this Registration Statement, capitalized terms used but not defined herein shall have the meanings assigned to such terms in the filing. The following terms shall have the meanings set forth below, unless the context clearly indicates otherwise:
BlackStar Digital Trading Platform TM (“BDTP TM”): a digital Electronic Fungible Shares trading platform enabling the trading of BlackStar common shares in electronic fungible form. (The BDTP TM has not been approved by any regulatory agency or broker dealer and is not currently operational.)
That is because I post the words of the company complete with the links to the information for those conducting their own due diligence. The conjecture riddled hype that you have been dealing in since this was trading above a penny has run out of gas friendo. People like you who have encourage the buying since late November need to be called out. There have been a lot of losses banked here and with the old notes in the pipeline it will continue until the current share structure is tapped out. I doubt that you have ever owned any shares. These toxic note holders converting shares as low as $0.00012 are very likely cutting paychecks to the likes of you.
52 week high of $0.0128 was November 27th. On October 19th the trading price was as low as $0.0001.
Savannah-Marc
Re: ice trader post# 4303
Wednesday, November 29, 2023 10:33:21 PM
Post# 4442 of 12863
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!!!!!
Looks like it is time to move some more shares.😆 When you see this CEO's face in a new promo watch you wallet. I have to wonder if he is getting paid to promote these conversions. 118 million shares traded on March 22nd for a close of $0.0019. The same closing for January 4th before the series of infomercials started. 495,744,512 shares have been added since the December 22nd update. Blackstar has added more than one billion shares since May 1st 2023. If they can't get the volume from this infomercial do they take it down a level? It also makes sense that they run another infomercial before the 10K filing. which will probably show up right after this promo. The Q1 is when the good stuff is revealed in my opinion.
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,...
The Screen shot? There are five. All of those screen shots were added to my profile at the time of each share count increase to support my posts. They are accurate and will be included as evidence in my SEC complaint about the subject of the numbers for the float that has been manipulated. 495,744,512 shares have been added since the December 22nd update and that is a fact friendo.
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,...
Post #9359 has nothing to do with me. Why don't you put together a coherent thought before calling someone a fraud.
gshores
Re: JohnnyRothrock post# 9355
Wednesday, January 10, 2024 3:59:43 PM
Post# 9359 of 12842
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173602087
Another outstanding share increase for 68,424,833 shares which closely matches that last tranche of shares ordered in the preliminary injunction of the GS Capital lawsuit. The March 1st update of 65,168,333 exactly matches that of the third tranche to be issued. The outstanding share count increase dated February 2nd for an additional 62,027,333 shares closely matches the second tranche of shares ordered by the preliminary injunction.
The January 5th update revealed that 300,124,013 shares were issued after the December 22nd update. The January 5th increase included 153,350,000 being restricted with a balance of 146,774,013 shares. Add in the three subsequent increases we have a total of 342,394,512 shares. This appears to be more than the total ordered in the preliminary injunction of 257,701,499 shares.
That is an extra 84,693,013 so we have to question if the restraining order that GS Capital was able to get last November preventing Blackstar from trading any new shares was lifted or are all those shares for the lawsuit. There were a ton of conversions queued up for this promotional period before lawsuit shut it down so stand by for more. Next up for the lawsuit are the question of legal fees, interest, and that note had nasty default terms including daily penalties for not delivering the requested share conversions. Blackstar needs to "make hay while the sun shines" and new money will be needed. These bag holders who have been pumping the he77 out of this for months are looking for the exits in my opinion.
FORM 8K Lawsuit Update
Date of report (Date of earliest event reported): January 11, 2024
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
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.
For those new to this stock be careful when reading the security details for this ticker on the OTC site.
The OTC share count update for 12/12/2023 listed a float of 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 share count for August 2022 per the 2022 Q2 filing was only 285,357,307 shares.
So the number of shares and date are the same until the March 1st 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. Wow, unbelievable right? One can only conclude that the company has added almost nothing in the previous nineteen months.
The next change for the float was March 28th. 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. However we know that 427,319,679 shares were added to the outstanding share count for that period. The Q3 2023 filing states that the outstanding share count as of November 1st was 1,244,572,435 shares.
Another item worthy to note. According to the January lawsuit update there was a tranche of shares handed over to GS Capital on December 21st though no increase was indicated for the outstanding share count update of December 22nd. So what do we get after the Christmas break? Yep a sell off of more than 70% between December 27th and January 4th closing at $0.0019. What we got on January 5th was another outstanding share count update indicating an increase of 300,124,013 of which 153,350,000 were restricted.
Pay attention because the manipulation comes from all angles with this one and what they do not say speaks volumes.
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,
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
Meanwhile, the preliminary injunction ordered the Company to honor the conversion requests of November 2, 2023 (for the conversion of 62,084,333 shares of common stock – completed December 21, 2023) and the three subsequent requests GS Capital claimed it “would have” made...
Again, more conjecture riddle BS without any supporting information. Question at the moment is when does the restraining order get lifted and when do they get back to converting that very old debt while they can. Looking to the 10K to see if they got any of the S-1 offering shares moved before the restraining order. Three notes in that offering, one note declared in default in April 2022, the two other notes had principle balances totaling $597,534 as of the Q3 filing and matured a couple of years ago with interest those notes should be worth $800K now. Those last two notes convert at a steep discount to market and the Quick Capital note has the most impressive conversion language for a default note that I have ever seen. Post# 12708 outlines just some of what is to come down once the restraining order preventing Blackstar from trading any shares since November is lifted. Since the December 22nd Blackstar has issued 427,319,679 with 153,313,087 going restricted. This stock is lousy with pending conversions and I think they are just getting warmed up. The annual should help and the Q1 in May should provide a good picture of the state of affairs.
Bubae
Re: SorcererDiviner18 post# 12696
Tuesday, April 02, 2024 7:10:58 PM
Post# 12708 of 12822
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174163036
Dreamers. Blackstar will be the ultimate winner after being sued for the failure to diver shares. SMH "...The Company may need to increase the authorized shares of common stock in order to accommodate any judgments or settlements, and the Company could be exposed to further risks of lawsuits for similar issues..." Bench trial scheduled for January 2025.
Bubae
Re: Savannah-Marc post# 12788
Sunday, April 07, 2024 9:09:17 AM
Post# 12790 of 12821
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174192319&txt2find=disputed
To believe a settlement is good new for shareholders is laughable. A good settlement for Blackstar is that they hand over something like 500 million shares rather than the original 700 million in the lawsuit. Bench trial is scheduled for January 2025 for interest, legal fees and costs. There were default penalties in the note including a $500 a day charge for the failure to deliver requested shares. Blackstar may request that the restraining order be lifted on the 22nd now that the shares ordered by the preliminary injunction have been issued. 427,319,679 new shares added, of that 153,313,087 restricted, since the December 22nd OS update. They may soon get back to selling the shares that were queued up before the restraining order in November.
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
At the outset of the case, a temporary restraining order was entered preventing the Company from trading any shares.
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.
case number is A-23-881099-B, plug it into the court search query linked below.
https://www.clarkcountycourts.us/Portal/
Looks like a bad afternoon from about 11:30 to close with all sells. After the infomercial driven trading of 118 million on March 22 continuing the filling of the high teens traders have continued to buy in this range. Those who dumped in the high teens on the 22nd couldn't get it done higher. Yet those who have been buying those shares hope to flip in the 2s? Three infomercials, fooled traders three times, will they take the bait the next time?
Hey, finally coughed up a link to your information and I know why you didn't want to show it. Your own information shows that the Nevada Supreme Supreme Court on February 14th rejected Blackstar motion for a stay. We could have assumed this since we have seen subsequent share count increases. The opinion that the "....case is appropriate for mediation and a settlement..." doesn't take a Judge to see. We could see that when the case was filed by GS Capital back in November. Now Blackstar will likely spend more on the legal fees alone than the original balance of only $33,682. GS Capital has now received their shares under the preliminary injunction. Up next, interest, legal fees, costs, etc.
See anything in the last lawsuit update for February that even mentions the denial by the Nevada Supreme Court? Anything about a settlement? Nope! Why note? Maybe it isn't good news?? 🙄 The current information is linked to the Eighth Judicial District Court where the case is being litigated. Date for a hearing is scheduled for April 22nd with a bench trial scheduled for January 2025. Good luck deleting my factual and supported posts and report away friendo!!!!! 🤣 So who is posting manipulative and false information? Yes you! 😆
https://caseinfo.nvsupremecourt.us/public/caseView.do;jsessionid=E54C4E1E29030D5413B8A28FA1E1A06E?csIID=68335
02/14/2024 Order/Procedural Filed Order Denying Stay. Appellant has filed a motion for stay. Respondent filed an opposition, and appellant filed a reply. We deny appellant's motions. (SC)
02/22/2024 Settlement Program Report Filed ECAR/Appropriate for Settlement Program. This case is appropriate for mediation and a settlement conference is scheduled for April 9, 2024, at 9:00 AM. (SC)
Date of report (Date of earliest event reported): January 11, 2024
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
The Company appealed the Motion for Preliminary Injunction and Specific Performance to the Nevada Supreme Court on January 12, 2024. The Company intends to seek an extension of the stay with the Nevada Supreme Court pending resolution of the appeal. Such an extended stay would prevent conversions while the Nevada Supreme Court hears the Company’s appeal.
Date of report (Date of earliest event reported): February 27, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000023/blackstarmarch2024v2.htm
Update to November 6, 2023 Nevada Lawsuit
The risks of continued litigation on this matter are as follows: the Company may need to increase the authorized shares of common stock in order to accommodate any continued conversions, judgments, or settlements, and the Company could be exposed to further risks of lawsuits for similar issues. The Company will also expend additional resources in the ongoing litigation and any potential resolutions outside the above-reference conversions to common stock (which were already contemplated in the original convertible promissory note), negatively impacting its financial position.
case number is A-23-881099-B, plug it into the court search query linked below.
https://www.clarkcountycourts.us/Portal/
Completely false information for which you do not support. Per the docket information with links that I previously provided to counter your false claims the next hearing is April 22nd and a bench trial is scheduled for January 2025. Could be that the restraining order issued last November preventing Blackstar fromTrading shares may be lifted. Stand by for another infomercial and dump age at the end of the month. Will people continue to buy that old debt off this false narrative.🙄
To believe a settlement is good new for shareholders is laughable. A good settlement for Blackstar is that they hand over something like 500 million shares rather than the original 700 million in the lawsuit. Bench trial is scheduled for January 2025 for interest, legal fees and costs. There were default penalties in the note including a $500 a day charge for the failure to deliver requested shares. Blackstar may request that the restraining order be lifted on the 22nd now that the shares ordered by the preliminary injunction have been issued. 427,319,679 new shares added, of that 153,313,087 restricted, since the December 22nd OS update. They may soon get back to selling the shares that were queued up before the restraining order in November.
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
On November 6, 2023, GS Capital Partners LLC filed a lawsuit against the Company in Nevada regarding the unavailability of conversion shares relating to the Promissory Note entered into on October 11, 2021 and the remaining principal balance of $33,682. The plaintiff is seeking specific performance for the reserve of 700,000,000 shares, or damages in excess of $15,000, plus interest, costs, and legal fees. The lawsuit increases the company’s financial and administrative burdens and is a risk to the Company’s capital. Although the Company is attempting to settle the dispute by paying the note in full, there is no guarantee that this will settle the matter in its entirety. The Company may need to increase the authorized shares of common stock in order to accommodate any judgments or settlements, and the Company could be exposed to further risks of lawsuits for similar issues.
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
At the outset of the case, a temporary restraining order was entered preventing the Company from trading any shares.
case number is A-23-881099-B, plug it into the court search query linked below.
https://www.clarkcountycourts.us/Portal/
I get it, bashers are losers living in the basement. 😆 So original. So you are pumping this above a penny, I call everyone Kool Aide drinkers then when it hit the 52 week high of $0.0128, and I'm the loser. 🙄 We both have been consistent since and who is the loser? Still dreaming of that nickel?
Savannah-Marc
Re: None
Wednesday, November 29, 2023 4:12:12 PM
Post# 4372 of 12781
Member Level
Re: dinogreeves post# 4025
Monday, November 27, 2023 6:47:51 PM
Post# 4026 of 12781
Member Level
Re: misterfishman post# 8884
Friday, January 05, 2024 4:27:05 PM
Post# 8893 of 12781
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173305774&txt2find=Kool
The things you would get away with if I weren't here. 🙄 The hearing for April is scheduled for the 22nd not the 9th. To say it is a settlement hearing is pure speculation. According to the docket schedule there is a bench trial scheduled for January 2025. Maybe Blackstar can get that temporary restraining order lifted and get back to Selling those shares that they had queued up for this promotional period. The picture will be much clearer when the annual is released next week.
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
At the outset of the case, a temporary restraining order was entered preventing the Company from trading any shares.
case number is A-23-881099-B, plug it into the court search query linked below.
https://www.clarkcountycourts.us/Portal/
We will have fun with the annual and Q1. By Q1 we should have some clean numbers after the property purchase, sale, lease back scheme and see how bad the cash flow situation has gotten and how much new debt they have packed on. This company is so debilitated that they aren't able to use the Regulation "A" offering that go tis second SEC qualification November 2nd. Did you grab some shares for the quarterly pump? Doesn't look like many are interested judging from the bid level at 3. Might be the last opportunity for those bag holders in the 4s and 5s to bail.
I stand by that post that outlines the dilution. So much so that it is pinned at the top of the board. 🤣 Can't wait for the annual, especially the Q1, for updated information.
Conjecture? 😆 I print the words of the company which renders my posts unassailable. Since the content can't be disputed you all resort to trying to discredit the messenger. The problem is the content speaks for itself. Actual due diligence for those conducting their own.
Blackstar has zero revenue and have for years promoted a trading platform idea that to this day they are unable to use to trade even their own shares. So bidding war for this? 😆 The idea isn't even able to attract new capital to retire the old debt. That is why these old notes have been converting at fire sale prices. 698 million shares priced at an average of only $0.00017 a share producing only 116K in debt relief. GS Capital is receiving those lawsuit shares at only $0.00012 a share. The CEO is now the pitch man for infomercials to move the conversions. Doing a good job pitching the trading platform again while not mentioning that it isn't being used by anyone including Blackstar. 118 million shares traded on March 22nd off the last infomercial which really filled in the high teens. Now we have people buying here who are expecting to unload in that same range or higher? 🙄 That will require another oscar winning moment for the CEO and they will have tranches of their own shares to move.🤣
Bubae
Re: kid biscuit post# 11912
Wednesday, February 28, 2024 6:16:48 PM
Post# 11917 of 12765
Re: SorcererDiviner18 post# 12711
Wednesday, April 03, 2024 8:21:21 AM
Post# 12718 of 12764
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174164808
Red flag for any OTC ticker is a pending regulation "A" offering. Most split the stock then go with the offering. Not Shawn Leon, he files for the offering looooong before he can do anything with it. This has gone on so long that I am beginning to think that he may not be able to get it sold. He will need more than a reverse split, he needs a sellable narrative to move those shares after the split. No, this is much higher than the typical risk profile for an OTC ticker in my opinion. Looks like I'm not alone, what happened to the huge bid at 4? now only 15 million on the bid at 3 before the typical quarterly pump? Companies with a good risk profile aren't trading at $0.0003.
Bubae
Re: None
Friday, March 22, 2024 12:11:33 AM
Post# 49782 of 49812
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174089476
It takes FOREVER for Shawn Leon to do anything once he announces it but time must be running out because he has packed the debt right back on after the refinance fiasco. How bad it is should come with the annual which should be release in the next couple of weeks. My scenario for what he is going to eventually do in post# 49524. I believe that this will be trading at $0.0001 when he finally announced the plan and after the reverse split but it won't be the bottom because this will get hammered post split by the regulation "A" offering whos shares will be immediately tradable.
My posts aren't for you flippers. I provide actual due diligence complete with the links for those conducting their own due diligence. Clearly you are among those who prefer to trade purely on conjecture driven hype on social media. Can't wait for that annual to see where they are at with the S-1 offering. I expect that to be fully intact. How will Blackstar settle that debt if they can't get the price back up?
That board member asked you a simple reasonable question and you go off? Relax, Blackstar will keep those infomercials coming. 118 million shares traded off of the last one on the 22nd of March kept it in the high teens. That lack of price appreciation was an eye opener though wasn't it? Traders are still buying the story which is why you aren't back into the trips.
Blackstar penciled in another method using the previous template for the trading platform. Big deal and old news now. Looks to me like the basic method is so simple that they can pencil just about anything in there. Blackstar needs a new and continuing narrative from which to sell those new shares. "...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.
Those new to this stock are not aware of what those who run this are capable of. We shall see how it unfolds but the screws are tightening. The new credit line is secured by all assets of ATHI the holding company for the shares of the treatment center. What does this mean in terms of the notes secured by such shares and Larry Hawkins 25% ownership? One thing is for certain, Shawn Leon will no doubt be popping the quarterly cork of champagne and celebration is a press release I will read the filing and reveal the deception. Another rinse and repeat quarter. Flip them if you can.
Bubae
Re: pual post# 49741
Tuesday, February 27, 2024 8:00:14 PM
Post# 49745 of 49807
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173935562
Re: None
Sunday, September 03, 2023 7:11:40 PM
Post# 48748 of 49807
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172748883
This company is entertaining to watch. We have toxic conversions executing with the widest spreads of any I have ever seen. 698 million shares converted at an average of $0.00017, GS Capital's 257,701,499 shares in the preliminary injunction priced at $0.00012, Quick Capital with the best conversion language of all in the defaulted note, two notes totaling $597,534 as of the Q3 filing in the S-1 offering, and so on.
So here is the best part, Blackstar claims to be in the Merchant Banking business and the CEO's biographical information suggests that he does know something about financing. Not only is Blackstar not making any money in the finance business but the CEO is the pitchman for these toxic conversions in the infomercials. Until he can clear this very old debt the CEO's Class A Preferred Shares won't be worth much. He has controlling interest so once he blows out this share structure he can vote the split for another go because it won't affect his ownership. This company reminds me of Jason Remillard and Data433 $(ATDS) except even Jason didn't set shares on fire as bad as this.
S-1 Offering Prospectus
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000063/blackstar_s1a10.htm
Company Overview
We are based in Boulder, Colorado and are engaged in Merchant Banking and Finance in the United States. BlackStar’s venue is private early-stage companies throughout various industries that, in our judgement, exhibit a potential for sustained growth. We are a publicly traded specialized merchant banking firm, facilitating joint venture capital to early-stage revenue companies. We are actively seeking opportunity for discussion with revenue generating enterprises and emerging companies for financing.
BIOGRAPHICAL INFORMATION
Joseph E. Kurczodyna, Chief Executive Officer, Chief Financial Officer and Director
...Mr. Kurczodyna purchased Mills Financial and was the firm’s President and General Principle. While leading Mills Financial, he underwrote and funded several private placements and IPO’s. In 1998, Mills was the lead underwriter for United Financial Mortgage Corp. (UFMC), which was eventually listed on the American Stock Exchange. From 2004 to 2009,...
December 18, 2020, Mr. Kurczodyna became the controlling shareholder of IHG through the issuance of preferred super majority voting shares in IHG.
There were 790 ,292,999 shares of common stock outstanding, 321,200 warrants issued for common stock, and 1,000,000 Class A Preferred Shares outstanding (owned by International Hedge Group, Inc.) as of June 14 , 2023.
Wow, a little testy when your made up facts are challenged. Try posting a link for you information, my posts are full of them. I actually do view the paid infomercials but I am armed with actual due diligence. The way this last infomercial was done you would be led to believe that Blackstar had a functioning trading platform.
Bubae
Re: kid biscuit post# 11912
Wednesday, February 28, 2024 6:16:48 PM
Post# 11917 of 12732
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173939968
Re: None
Tuesday, February 13, 2024 10:42:18 PM
Post# 11575 of 12732
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173841021
Wow, less than 16 million on the bid at 3 these days? What happened to the many tens of million on the bid at 4? Shawn always drops a press release for filings just full of rainbows and unicorns for the potential flip. Hmmm, this time may be different right? What about that regulation "A" offering. They have some notes that are mature again. As I said in February, price is no barrier for conversions if they can conjure up the volume. 1.3 billion new shares dumped over eight weeks in 2020 was impressive.
Bubae
Re: None
Wednesday, February 21, 2024 8:51:34 AM
Post# 49719 of 49805
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173889462&txt2find=1.3%2Bbillion
Re: pual post# 48971
Monday, October 09, 2023 3:05:46 PM
Post# 48977 of 49805
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172988249