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Maybe a link for the source of that comment? Doesn't look like public information to me. Fairly new alias, 90 posts, all Blackstar. It must be time to move new shares again.
Good luck with your flip. I have seen many like yourself come and go since this was trading above a penny. You are the first however who prints statistic yet provides no link to the information. This will get diluted back to the deep trips long before this company ever reports any revenue.
Yeah, give it a few more months. ;) The product holds so much promise yet they must convert debt as low as $0.00012 and they have very old debt that they can't get refinanced. There is a reason why the company reports that they may be exposed to "...further risks of lawsuits..." We will have fun with the annual when it is released.
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.
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.
The CEO no longer mentions the issues preventing the trading platform from operating. Those who would want to use the platform must either apply for Alternative Trading System ("ATS") status or partner with a Broker / Dealer from what I'm reading. Blackstar isn't able to get their own shares trading on this platform.
They keep promoting it as if it were a viable product. Link below for the press release for September 2020 that you quote. Another for September 2023 updating their efforts to get this done. Now several press releases later and three infomercials the subject isn't mentioned. These toxic lenders will make far more off this company than Blackstar ever will in my opinion. See any mention in that latest infomercial that suggests that the "...The platform is not currently operational or in use by anyone..." as stated in the Q3 2023 filing? The story sell shares so there is that.
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.
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.
Q3 2023
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
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.
Interesting, do you have a link to that information? Not sure that is currently public information. Talking to the CEO again? Your conversations with him while this was trading above a penny really served you well didn't it? One thing for certain, when you see this CEO's face in a video he is promoting a new share dump. Three infomercials now and the volume has gotten filled while the price went nowhere. I will be watching to see if your potentially inside information comes to pass. 🤔
Re: JohnnyRothrock post# 3526
Wednesday, November 22, 2023 9:11:47 PM
Post# 3546 of 6165
Re: goingUPagain post# 4389
Thursday, November 30, 2023 11:11:13 AM
Post# 4541 of 6166
Where is your information to support that claim? The platform is not being used anywhere. You would think that over the years that they could convince at least someone to host their trading platform for proof of concept purposes. As it is they aren't even able to trade their own shares on the platform.
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.
Blackstar is currently being sue over a note that had an outstanding principle of only $33,682 as of the November 6th lawsuit. So instead of refinancing the debt they decided to also deny GS Capital's request for conversion shares on November 2nd. The judge has already awarded GS Capital 257,701,499 shares in the preliminary injunction to cover the principle balance. Now there is a bench trial scheduled for January 2025 for the interest, legal fees and costs. Potentially a settlement in the April court hearing? More information in post# 12113 which includes the link to the court docket information. Maybe it would have been better to simply refinance that debt if possible?
Next up is the $33,275 Quick Capital note that is in default. That note matured on July 16, 2021 and was declared in default nine months later in April 2022 with a stated balance of $133,317 at that time. Now I'm not a finance guy but would it have not been a better idea to refinance at the time. That is one nasty note and more than anyone would want to now about it is in Post# 12649.
The S-1 offering has three notes listed with registration rights and received its notice of effect July 2023. Two of the notes had principle balances totaling $597,534 as of the Q3 filing and matured a couple of years ago. The third, Quick Capital note has been in default since April 2022 and is being disputed by Blackstar though not currently in litigation. I suspect the reason Blackstar didn't issue the shares to GS Capital is to give the notes in the S-1 offering a chance to convert at its price level. This may have been thwarted by the restraining order that GS Capital was able to get in early November preventing Blackstar from trading any shares. We shall see in the annual filing coming if the status of those notes has changed. Think Blackstar could have gotten those notes refinanced in the past couple of years.
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. More on that in Post# 12656 with links to the information. Think that they are going to get these refinanced?
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 [color=red]engaged in Merchant Banking and Finance in the United States[/color]. 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,...
Bubae
Re: None
Wednesday, March 13, 2024 1:14:51 AM
Post# 12113 of 12707
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174027735
Re: burner67 post# 12629
Sunday, March 31, 2024 1:19:00 PM
Post# 12649 of 12707
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174147406&txt2find=GS%2BCapital
Re: None
Sunday, March 31, 2024 2:43:55 PM
of 12707
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174147686&txt2find=two%2Bnotes
The SEC gave Blackstar guidance in 2020 as to what they needed to do to make the trading platform viable. The facts with links to the company's own information provided in the posts below. The company has also talked about getting their own shares trading on the proposed trading platform for years. In first January paid infomercial Starting about 11:20 into the segment the CEO talks about first getting their own shares trading on the platform. So what do you believe is the reason that they still can't get it done and why the CEO doesn't mention the reason in any of the three infomercials? Post# 11566 has a link to that infomercial.
Bubae
Re: kid biscuit post# 8965
Sunday, January 07, 2024 3:56:27 PM
Post# 9006 of 12683
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173579022
They commented on the need to register as an Alternative Trading System ("ATS") in the annual filing for 2017. September 2020 they received guidance from the SEC "...to apply for Alternative Trading System ("ATS") status.". Now in September 2023 they can do no better than to say "We intend to continue... and "We currently intend to seek..." when talking about this subject. Statement in the Q3 2023 filing "The completion of our software platform depends on our ability to license it to an existing Alternative Trading System (“ATS”)..."
Bubae
Re: Joe DiMaggio post# 12658
Monday, April 01, 2024 10:43:53 AM
Post# 12668 of 12683
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174150905
Blackstar has nothing to do with the crypto asset industry, nothing. Refer to the statement in the S-1 offering prospectus that clarifies this. What Blackstar proposes to do deals with what they refer to as "...Book-entry electronic fungible shares are currently traded on OTC and Exchange Markets.." That being the types of shares everyone is already doing from their current trading platforms.
Bubae
Re: SorcererDiviner18 post# 11560
Tuesday, February 13, 2024 8:35:25 PM
Post# 11566 of 12698
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173840498&txt2find=own%2Bsegment
go to the first paid infomercial Starting about 11:20 into the segment he talks about first getting Blackstars stock trading on the platform. They have been talking about this for years, since 2020. Post #8197 linked below talks about this complete with links to the S-1 filing and press releases talking about this point. No mention in either of the two interviews as to why they are still unable to get this done.
Bottom line is what Blackstar poposes to do with their trading platform is not allowed and has been the case for years. Details with links to the information posted this morning. They are using what is now old technology.
There is a reason why this was trading as low as $0.0001 just days before this heavily promoted runup. Also why they have debt that matured more than two years ago that can't be refinanced.
No link to your information? One obvious error in your information. The use of block chain in the case of Amazon's product which Blackdtar uses is centralized. Not decentralized as in the case of digital assets such as digital currencies. What I post is from the company's own print cplete with links.🙄
I will agree that everything is, and has been, about digital assets on a block chain, but Blackstar has nothing to do with that market. Blackstar has nothing to do with that market or digital currencies. The S-1 offering prospectus is the best source for information about what Blackstar proposes to do. Bounce that information against what the CEO promotes in his infomercials as I have to find that he is peddling a false narrative. The method patent gives Blackstar the privilege to spend money defending a trading platform that for years is not used anywhere and according to the company may never be. The CEO has three infomercials done for 2024 so far and no a mention about the issues that render the trading platform and its method patent useless.
Bubae
Re: kid biscuit post# 8965
Sunday, January 07, 2024 3:56:27 PM
Post# 9006 of 12683
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173579022
Bubae
Re: Joe DiMaggio post# 12658
Monday, April 01, 2024 10:43:53 AM
Post# 12668 of 12683
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174150905
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
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.
Significant elements of our intended products and services are based on unpatented trade secrets and know-how that are not publicly disclosed.... I
Third parties may assert intellectual property claims relating to their source code, including Distributed Ledger Technology....
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.
Are you calling the floor again?😆 Do you allow your co-workers read this board? 🤣 As for the lies, the words of the company is what I print, the words of Blackstar. In January you appeared to be shocked that this was back into the teens. The close on January 4th $0.0019, the close on March 22nd with 118 million shares traded of the latest infomercial, again $0.0019. Think maybe traders are finally wising up? 🤔 Hey, didn't someone dump a shite load of shares on you all the last time, and the time before that, and the time... Fun Stuff 🤪
Re: kid biscuit post# 12416
Sunday, March 24, 2024 12:37:52 PM
Post# 12434 of 12680
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174102544
Re: None
Thursday, January 25, 2024 4:04:26 PM
Post# 10700 of 12680
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173705220
It is time to get back into this because it should get interesting soon. Starting to review my old posts that we know is chocked full of actual due diligence on this ticker. 😆 The $150K Bauman note became eligible in February with the ...subject to anti-dilution provisions of course. We have another note that matured March 15 for a principal amount of $250,000. Interesting, I guess share holders no longer are allowed to see the details for these two notes? I see no such filing. No details at all concerning the nature of the $250K note.
Bubae
Re: None
Sunday, November 26, 2023 5:35:15 AM
Post# 49291 of 49803
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173295585
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359623000912/grst_10q.htm
8. Short-term Convertible Notes (continued)
Joshua Bauman
On August 9, 2023, the Company issued a convertible promissory note to Bauman, in the aggregate principal amount of $150,000. The note bears interest at 10.0% per annum and matures on August 9, 2024. The note is convertible into shares of common stock at a conversion price at the option of the holder at $0.001 per share, adjusted for anti-dilution provisions. The note is convertible into common stock at the option of the holder after the expiration of six months from the issuance date, in addition, should the note reach its maturity date, August 9, 2024, the note will automatically convert into shares of common stock at the conversion price, subject to anti-dilution provisions.
9. Subsequent events
On November 15, 2023, the Company, entered into a senior secured Promissory Note in the aggregate principal amount of $250,000 for net proceeds of $223,500 after an original issue discount and fees of $26,500. The note earns interest at 10% per annum and matures on March 15, 2024.
What I said, as expected. Is that all you got from that post? I can tell you what to expect next week. It will be the same press release as always great revenue and they paid off more debt. Now, as usual another paid off debt boast comes after they borrowed even more to retire maturing debt. The revenue number for this very expensive business model will once again reveal very little profit. The Q2 2023 press release below boasting "...ARIA’s highest quarterly profit to date...". But wait, operating income was down 38% YOY. The Q3 numbers were full of the crazy property purchase, sale, leaseback deal and I don't expect to see clean numbers again until the Q1 filing. We will then see how bad the cash burn has become. Until then keep a watch for that reverse split. 😆
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%.
Those GS Capital shares will not begin to vest until the end of June in my opinion. I believe these conversions are observing the rule 144 holding period which is how I predicted the huge selloff at the end of December. Seriously doubt any dilution today because they aren't promoting and we are seeing less than 10 million in volume. After the past week and the 118 million in volume on Friday the 22nd off that last infomercial in the high teens are packed tight. Most probably understand that those dumping the new shares in the high teens knew they couldn't into the 2s. So why do those new buyers in the high teens expect to flip into the 2s? Given that, why would anyone buying here expect to sell into the high teens when they know the next promo will likely include more new shares? You will know when they are moving shares, the CEO's face will be in a new infomercial. These toxic lenders are banking a fortune on those shares priced below $0.0002 so they can easily cover the cost of the infomercials.
Bubae
Re: None
Saturday, December 23, 2023 10:12:19 AM
Post# 7962 of 11675
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173492266
...That two week period between June 14th and June 30th yielded 243,787,128 new shares issued. The six month holding period would move this time slot to begin this past week. Next we see 100,492,308 shares in two tranches issued in July per the subsequent events note in the June 30th quarterly filing. I next have an August 4th date showing 1,134,572,435 shares outstanding and another showing 1,244,572,435 as of November 1st which is also the current outstanding share count. Those two values show that 110,000,000 new shares where issued during that period...
Late filing for the annual as expected. The fun will begin again next week with the new information and in May with the Q1. They still can't get the regulation "A" offering off the ground after a year and a half and their cash burn got much worse after the property purchase, sale, leaseback scheme to refinance the defaulted debt. Big trading losses about to be realized when they finally announce the split to support the offering in my opinion. We have been expecting it for a long time. Though they just secured a $1 million credit line they had to secure it with all a claims to assets by Ethema Health and the holders of ATHI, the holding company for the treatment center shares. We will see how severe the cash burn is next week. Happy trading.
As expected, the annual will be filed late. When it comes we will have some fun with the new information. 😆 I particularly want to see what conversions thet were able to move before GS Capital managed to get the restraining order in place back in November preventing Blackstar from trading any shares. That was early in the runup and Blackstar had a ton of conversions queued up.
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..
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.
Blackstar has nothing to do with the crypto asset industry, nothing. Refer to the statement in the S-1 offering prospectus that clarifies this. What Blackstar proposes to do deals with what they refer to as "...Book-entry electronic fungible shares are currently traded on OTC and Exchange Markets..." That being the types of shares everyone is already doing from their current trading platforms.
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.
AMENDMENT NO. 10 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.otcmarkets.com/filing/html?id=16735041&guid=rhJ-kqztWEy2B3h
THE COMPANY MAY FACE REPUTATIONAL HARM, LOSS OF FINANCING, STOCK PRICE VOLATILITY, AND/OR LOW DEMAND FOR SERVICES BY PROXIMITY TO THE CRYPTO ASSET MARKET.
The Company does not operate in the crypto asset markets, does not have crypto asset holdings, and is not proposing to participate in the crypto asset industry, including crypto securities, crypto currencies, and tokens. The use of a blockchain in our proposed platform often gets conflated with crypto asset markets due to blockchain’s use in those industries as well.
SEC Q&A correspondence February 13, 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000009/filename1.htm
Please confirm, if true, that the exchange of common shares for electronic fungible shares means that a shareholder cannot trade common shares OTC.
Book-entry electronic fungible shares are currently traded on OTC and Exchange Markets. The format of the common shares traded via any electronic account are already electronic fungible shares – they may be traded via OTC or BDTP™ (once operational), or any exchange in the future.
The last note written by an institutional lender appears to be May of 2022 by 1800 Diagonal Lending. The four latest notes were that of Diagonal Lending which all got converted with a remaining balance of $17,800. Others have older notes have effectively gotten screwed so far. Maybe this is why they took care of Diagonal Lending with 591,386,247 of the 698 million shares issued in 2023. Just in case they need them again? Check out the 8 million shares to be issued to officers/directors/advisors to the company for $0.0004 a share.
I would like to have heard the pitch that Blackstar gave the "unrelated individuals" to enter into notes with conversion prices of $0.0067. Blackstar is giving them additional shares priced at $0.0004 to serve as sweeteners so that could be a decent paycheck relatively speaking. That is if the trading price doesn't tank back into the deep trips before those shares are eligible to convert.
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.
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
At September 30, 2023, the Company has recorded common stock to be issued as follows:
NOTE 8 – NOTES PAYABLE
In March 2023, the Company borrowed $25,000 from each of two individuals, repayable nine months from date of borrowing with interest at 11% per annum. At maturity, the Company will repay the face amount of each of the loans in cash, including unpaid and accrued interest at 11% and, in addition, will issue 3,750,000 shares of the Company’s common stock to each of the lenders. At maturity each of the lenders have the option to be issued, in lieu of cash payment of the outstanding debt, an additional 3,750,000 shares of the Company’s common stock in full satisfaction of the principal loan amount of $25,000 and related unpaid and accrued interest thereon.
In May 2023, the Company borrowed $50,000 and $25,000 from two unrelated individuals, repayable nine months from date of borrowings 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 shares of the Company’s common stock, respectively, to the lenders. At maturity the lenders have the option to be issued, in lieu of cash payment of the outstanding debt, 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.
In August 2023, the Company borrowed $50,000 from an unrelated individual, repayable May 1, 2024 with interest at 11% per annum. At maturity, the Company will repay the face amount of the loan in cash, including unpaid and accrued interest at 11% and, in addition, will issue 7,500,000 shares 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 debt, an additional 7,500,000 of the Company’s common stock as full satisfaction of the principal loan amounts and related unpaid and accrued interest thereon.
In September 2023, the Company borrowed $50,000 from an unrelated individual, repayable June 29, 2024 with interest at 11% per annum. At maturity, the Company will repay the face amount of the loan in cash, including unpaid and accrued interest at 11% and, in addition, will issue 7,500,000 shares 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 debt, an additional 7,500,000 of the Company’s common stock as full satisfaction of the principal loan amounts and related unpaid and accrued interest thereon.
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.
This actually fun to watch from where I sit. Lets see, the close on January 4th was $0.0019. Where are we now?
burner67
Re: Impacto post# 8802
Thursday, January 04, 2024 9:44:06 PM
Post# 8803 of 12651
Re: burner67 post# 8803
Thursday, January 04, 2024 9:56:17 PM
Post# 8805 of 12650
The Quick Capital note is particularly nasty. The $33,275 note matured on July 16, 2021 and was declared in default in April 2022 with a stated balance of $133,317 due under the default terms of the note at that time. That note now would be worth more than $200K with accrued default interest of $24%. The company in return is completely ignoring the default terms of the note and recognized accrued interest of only $9,569 in the Q3 filing statement. So Blackstar states "...and the Company could be exposed to further risks of lawsuits for similar issues." This is an obvious one but there are other notes that matured a couple of years ago.
The Quick Capital note defines “Market Price” and “Trading Price” separately. The term “Market Price” is used when discussing the conversion rights under the regular terms of the note. The terms “Trading Price” and “Market Price” is used when describing the default conversion terms. The lowest trading price during the delinquency period was just days before this runup in October at $0.0001. The lowest two closing prices were $0.0002, so best case is a conversion price of $0.0001. Worst case using “Trading Price” is $0.00005.
Either way this Blackstar has been converting heavily since the notice of default so Quick Capital is faced with something of a conundrum. They have nice conversion rights buy how do you execute with the ongoing conversions and share structure destruction. Even is Quick Capital wins a judgement and receives the minimum of one billion shares to cover what is in excess of $200K in debt how do you move that many shares and still get good value under the current share structure? They finally got an attractive share price in October but now there is the GS Capital lawsuit, the S-1 offering that is effective, the May regulation "D" offering, a series of eight, nine month notes that began to mature in December and so on. Quick Capital may just wait, continue to let the balance accrue at the default rate, and move forward after a reverse split if the debt ever settles out. Qucik Capital isn't the only one sitting on note that matured a couple of years ago.
For the quarterly period ended March 31, 2022
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594922000068/begi-20220331.htm.htm
As of April 30, 2022, there were 209,818,602 shares of the registrant’s common stock,...
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,...
Current Outstanding Share Count 1,671,892,114
For the quarterly period ended June 30, 2022
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594922000124/begi-20220630.htm
NOTE 7 – CONVERTIBLE NOTES (continued)
(ix) In April 2022, Quick Capital, LLC issued a notice of default on the $33,275 convertible note dated November 16, 2020 and stated that the outstanding amount due on the note is $133,317.38, the default interest per annum is 24%, and that the conversion price is the lowest trading price during the delinquency period with a 50% discount. The Company has continued to accure interest on the note at the rate of 10% per annum.
November 2020 Quick Capital Note 8K
https://www.sec.gov/Archives/edgar/data/1483646/000106594920000165/blackstar8knov252020.htm
“Market Price” means the average of the two (2) lowest closing trades for the Common Stock during the twenty (20) Trading Day period preceding the conversion date. “Trading Price” and “Trading Prices” means, for any security as of any date, the lesser of: (i) the lowest trade price on the OTC Pink, OTCQB or applicable trading market as reported by a reliable reporting service (“Reporting Service”)
Amounts Due in Events of Default:
Upon the failure to pay principal and interest, the Note shall become immediately due and payable. Upon the failure to issue conversion shares when Holder exercises said right, or other events of default outlined in the Note, then two times (2x) the Default Amount of the Note will become due and payable immediately. Any other form of default will entitle the Holder to (i) an immediate payment of one hundred fifty percent (150%) of the Default Amount, being the outstanding principal amount of the Note, plus accrued and unpaid interest on the unpaid principal amount of the Note, plus any default interest and any other amounts owed or ...
...and the Holder shall be entitled to use the lowest Trading Price during the delinquency period as a base price for the conversion with the Variable Conversion Price shall at the option of the Holder be redefined to mean fifty percent (50%) multiplied by the Market Price, subject to adjustment as provided in the Note.
For the quarterly period ended September 30, 2023
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
NOTE 7 – CONVERTIBLE NOTES
In April 2022, Quick Capital LLC issued a notice of default on its $33,275 convertible note to the Company dated November 16, 2020 and stated that the outstanding amount due on the note is $133,317, the default interest per annum is 24%, and that the conversion price is the lowest trading price during the delinquency period with a 50% discount. The Company has recorded accrued default interest on the note at the rate of 24% per annum from May 24, 2021 (date of default) to September 30, 2023 based on the original loan value of $33,275. At September 30, 2023, the accompanying financial statements reflects an outstanding loan balance due to Quick Capital LLC of $33,275 and accrued interest of $9,569. The Company and Quick Capital LLC have been in discussions to reach a reasonable and fair settlement of the balance due on the financing agreement.
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000023/blackstarmarch2024v2.htm
The risks of continued litigation on this matter are as follows: the Company may need to increase the authorized shares of common stock in order to accommodate any continued conversions, judgments, or settlements, and the Company could be exposed to further risks of lawsuits for similar issues. The Company will also expend additional resources in the ongoing litigation and any potential resolutions outside the above-reference conversions to common stock (which were already contemplated in the original convertible promissory note), negatively impacting its financial position.
Of course it is. 🙄 It couldn't crack $0.0019 on Friday the 22nd with a new infomercial and 118 in trading volume. High teens are now packed tight. Had a high of $0.0019 on Thursday with only 16 million shares traded, so what do you think happened on the 22nd? Looks to me like there has been very structured release of new shares since the beginning of the year with the three infomercials.
You also aren't very good at predictions. Your posts below before this sold off more than 70% beginning December 27th through January 4th. 😆 Closing price on the 4th was $0.0019. Yep, huge runner ever since with three infomercials. 🙄 What was my response to you on the December 27th? 🤣 Mocked my dilution posts for weeks?
Bubae
Re: None
Wednesday, December 20, 2023 8:47:32 AM
Post# 7637 of 12647
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173466285
Re: Bubae post# 7747
Wednesday, December 20, 2023 8:22:08 PM
Post# 7750 of 12646
Re: Bubae post# 8022
Sunday, December 24, 2023 6:36:17 PM
Post# 8023 of 12646
Re: Bubae post# 8141
Wednesday, December 27, 2023 10:09:23 AM
Post# 8143 of 12646
Bubae
Re: J2003 post# 8143
Wednesday, December 27, 2023 10:44:46 AM
Post# 8156 of 12646
Re: Impacto post# 8283
Thursday, December 28, 2023 3:55:27 PM
Post# 8284 of 12646
March 22nd 2021 News release generated a trading High of $0.15 with a close of $0.07 for the day. Accesswire promo with the same trading platform rhetoric from the CEO four years ago. Sound familiar? Interesting running commentary from a board member at the time below. Fun stuff.
For the fiscal year ended December 31, 2020
https://www.sec.gov/Archives/edgar/data/1483646/000106594921000075/blackstar10k2020.htm
As of April 7, 2021, there were 107,307,525 common shares, $0.001 par value, issued and outstanding.
BlackStar's Digital Trading Platform nearing completion.
BOULDER, CO / ACCESSWIRE / March 22, 2021 / BlackStar Enterprise Group, Inc.
https://www.sec.gov/Archives/edgar/data/1483646/000106594921000055/ex99_1.htm
BlackStar will continue to seek further input from various regulatory agencies and others on the potential functionality and regulatory aspects of the BDTP over the next several months.
Establishing a spot or cash market for investors, shareholders, or speculators of public companies traded on OTC Markets could “even the playing field,” according to Mr. Kurczodyna.
Mr. Kurczodyna said, “The cash spot market establishes the day’s price, and wholesale market making and arbitrage activity may aid in stabilizing the spot market.”
Mr. Kurczodyna added, “BDTP will only trade common shares that are registered with the SEC, instead of tokens or coins like cryptocurrency exchanges that are often not tied to a percentage ownership of a company, and our transactions on a private blockchain will be settled in the securities law compliant Broker Dealer ecosystem. We want BDTP to bring renewed energy to traditional registered securities offerings, but with the added investor benefits of trading on a blockchain.”
SC777
Re: Longer Than Most post# 1693
Monday, March 22, 2021 9:49:43 AM
Post# 1694 of 12627
Re: SC777 post# 1694
Monday, March 22, 2021 9:57:25 AM
Post# 1695 of 12627
Re: SC777 post# 1695
Monday, March 22, 2021 10:26:55 AM
Post# 1697 of 12627
Re: SC777 post# 1700
Monday, March 22, 2021 10:47:40 AM
Post# 1701 of 12627
Re: retiredtech post# 1704
Monday, March 22, 2021 3:23:17 PM
Post# 1706 of 12627
Interesting comment about owning restricted shares. I'm not sure why what you own is still restricted. Prior to the January 5th outstanding shares count update Blackstar had 52,916,867. The January 5th outstanding shares count increased by 300,124,013 shares with the restricted increasing by 153,350,000. It will be interesting to see what the source of these new restricted shares are. Consider the below possibilities
Blackstar filed a FORM D last May for $125K with $30K going to "Consulting fees may be paid to parent International Hedge Group, Inc. and/or officers of Blackstar." The offering lists the number of investors as 4. First sale date of March1st 2023. So $30K estimated as of closing on March 1st at $0.0006 would have netted someone roughly 50 million shares. I guess the question would be is that the 52,916,867 shares listed as restricted before the January 5th increase. Those shares should have vested after 180 days.
The S-1 offering has three notes listed with registration rights and received its notice of effect July 2023. Two of the notes had principle balances totaling $597,534 as of the Q3 filing. The third, Quick Capital note has been in default since April 2022 and is being disputed by Blackstar though not currently in litigation. All three had FORM D filings at the time of their note agreements, Quick Capital November 2020, The other two in January 2021 and April 2021.
Another possibility for restricted shares would be those issued per the notice in the Q2 filing note 10- subsequent events of 154 million shares. Pretty close to the 153,350,000 restricted share increase of January 5th. This company has shares coming at all angles.
Form D May 19th 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000054/xslFormDX01/primary_doc.xml
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:
Blackstar is moving on to promote the next method patent penciling in "corporate governance" this time. The company has zero revenue and zero full time employees. They have been promoting the trading platform for years and haven't been able to us it. Details in post# 12190 below show why this was trading as low as $0.0001 days before this heavily promoted runup. What Blackstar has is very old debt that needs to be converted. One note the subject of a lawsuit, another in default, two others that matured two years ago in the S-1 offering, and more. What the newbs bought Friday the 22nd with 118 million shares traded was likely the last portions of the 698 million shares with an average conversion price of $0.00017. These toxic lenders are making a small fortune while Blackstar receives a pittance in debt relief.
Bubae
Re: None
Tuesday, March 19, 2024 7:32:45 PM
Post# 12190 of 12622
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174072206
The trading platform and it method and system patent has been essentially rendered useless for years due to rules governing the trading of securities. Now the next shiny object to lure would be buyers of the stock is "corporate governance" penciled into the template. In trying to understand what the CEO is peddling now I found the article below dated July 2023.
FACULTY OF LAW BLOGS / UNIVERSITY OF OXFORD
The Viability of Blockchain in Corporate Governance
Posted 11 July 2023
https://blogs.law.ox.ac.uk/oblb/blog-post/2023/07/viability-blockchain-corporate-governance
As we demonstrate, each of them raises questions about whether the use of blockchain technology for corporate governance should be encouraged further or approached with caution as a utopian vision.
...Advocates assert that blockchain facilitates the establishment of decentralized autonomous organizations (‘DAOs’) that operate without hierarchical structures...
DAOs present legal uncertainties, liabilities, and complex governance features. For instance, without a legally recognized entity, DAOs can be deemed de facto general partnerships, exposing token holders to joint and several liability.
While blockchain technology holds promise for addressing challenges in securities issuance, and trading, the migration from existing systems to blockchain-based solutions is extremely complex.
Despite the potential of blockchain to provide shareholders with end-to-end confirmation, there is still a lack of widespread adoption for AGMs. Many initiatives in this area fail to materialize, showing uncertain business cases and (technical) complexities when it comes to the use of blockchain for shareholder processes.
Various legal, governance and path-dependency issues challenge current blockchain initiatives in corporate governance. Implementation often reveals centralized elements, undermining true decentralization. In combination with technical complexities, these factors hinder the adoption of blockchain technology in corporate governance.
Another observation for today. It only took 15 minutes to move this from 15 to 19 before getting hammered back to 17 with the 3.3 million share dump. So what happened Friday the 22nd when 118 million shares traded more than satisfied the demand at 18 and 19? I believe that this got flooded with new shares last Friday with the face of the CEO out there promoting with the same old BS. They diluted it down to $0.0019 on January 4th and after three infomercials it can't crack that level. Talk about filling a range tight. It also appears to me that those loading the zone are true believers and will likely hold as this decays even more giving the conversions ample volume in the low teens with another infomercial. Planning some new posts this weekend detailing the notes that have come due and the very old notes that they can't get converted. We should see a late notice for the annual soon and some new material posted a week later to flesh this out. In May more information with the Q1.
Looking at the trading. Someone walked it up to as high as 19 then a few minutes latter dropped more than 3.3 million shares into the bid at 17. Nice tactic that worked it would seem. Welcome to all those new bag holders who jumped into the bid at 17 today. After last Fridays 118 million shares traded mostly in the high teens you are in good company. Not much room to flip if you hoping for 19 because that is as high as it is going. Awful lot of risk taken for a lousy 10%.
Loaded means you are calling the near term bottom right? 😆 We have had a lot of bottom callers here since the 52 week high and this company is covered up in old debt that can't get converted.
CTZander
Re: fenixinvest post# 4216
Tuesday, November 28, 2023 1:31:00 PM
Post# 4219 of 12604
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173311722&txt2find=loaded
Fair enough statement. The last thing you want to be when you see this CEO's face in a new infomercial is a buyer. 🤣 ....Slices, Dices, and Makes Julienne Fries... 🤣 Old time huckster promoting his wares... I mean shares.
Clearly manipulated this morning for apparently no reason. marc claimed to manipulated it up to $0.0019 on the 7th. Big deal when it happens because it does nothing to help the stock. Just more consolidation between 17 and 19. A good reason for future dumps off the infomercials to avoid the high teens now. More selling to compete with.
Traders still buying those 17s and 18s despite the lesson learned last Friday that it isn't going beyond 2. It is trading so thin that Marc could be supporting it again. It looks like marcs role here is to make traders feel better about the bag they hold. Losses come quickly at this level.
Bubae
Re: Savannah-Marc post# 12568
Wednesday, March 27, 2024 7:57:44 PM
Post# 12576 of 12588
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174129576
Re: None
Wednesday, March 27, 2024 3:33:08 PM
Post# 12568 of 12588
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174127749
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
Here is a thought. Maybe instead of counting posts you read a couple? 🙄 You and moondogaz should pay attention rather than talking trash and counting my posts. My post on the 23rd was an update for my dilution finds showing the shares that could be vesting for the period. Maybe you could have saved some money and bailed before the 74% slide from December 21st to January 4th. Interestingly enough the closing price on January 4th was $0.0019. It shows how effective the infomercials are in maintaining price while moving those conversion shares. Three since January 8th. Let me guess, you are one of the many who managed to average down into the 2s or 3s who have paid for these conversions with your losses. 🤣 More to come friend, more to come.
moondogaz
Re: Bubae post# 3848
Wednesday, December 20, 2023 1:01:57 AM
Post# 7628 of 12587
Re: moondogaz post# 7628
Wednesday, December 20, 2023 3:32:22 AM
Post# 7629 of 12587
Re: None
Saturday, December 23, 2023 10:12:19 AM
Post# 7962 of 11675
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173492266
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. You are one of the handful who helped facilitate the back door promotion during this period if we are to believe the posts about speaking to the CEO. You claim to have manipulated the stock on March 7th with the $0.0019 close. It was also clear that someone painted up the close a couple of ticks on the 8th. You were the first with the latest video at 9:36 on Friday the 22nd and had 26 posts or an average of one every 15 minutes. They relied on social media for this last infomercial rather than another press release. Now if you are a paid promoter they really should get a refund because you really aren't very good or smart about it. You might also note that the SEC takes a dim view of those who manipulate stock using social media. It would be fantastic to learn that you are profiting from the manipulation that you boast about. That can only be done by those who have the resources.
Savannah-Marc
Re: None
Friday, March 22, 2024 9:36:48 AM
Post# 12263 of 12575
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174090829
Re: Shawonsarker84 post# 12011
Thursday, March 07, 2024 3:32:37 PM
Post# 12014 of 12369
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173995542
Friday, March 08, 2024 10:19:47 AM
Post# 12043 of 12369
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174000173
Re: JohnnyRothrock post# 3526
Wednesday, November 22, 2023 9:11:47 PM
Post# 3546 of 6165
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173284170
Savannah-Marc
Re: goingUPagain post# 4389
Thursday, November 30, 2023 11:11:13 AM
Post# 4541 of 6166
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173328451
Wow, so Blackstar is the aggrieved party. 🙄 Didn't know that. 😆 See I thought GS Capital was the one with rights to convert under the terms of the note and Blackstar pretty much thumbed their nose at them. The preliminary injunction shares were ordered to cover the outstanding principle because I'm pretty sure the judge decided that GS Capital is owed at least that. Real due diligence with links can be found in post #12113.
Bubae
Re: None
Wednesday, March 13, 2024 1:14:51 AM
Post# 12113 of 12562
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174027735
The first two infomercials in January we done on three day market holiday weekends with a press release dropped at 9:30am on each Friday.. We have another three day weekend coming up. Maybe a press release for Thursday of another infomercial to be schedule for release on Monday April 1st. That's right April fools day. 😆 Appropriate don't you think. They can boast about another bogus method patent and dump some more shares on the fools here. Is there any more room in the high teens though? Like I said last Friday this isn't going into the 2s because there are already a huge population of bag holders there who can't wait to bail. High teens is the current sweet spot while it lasts.
Bubae
Re: Viewmont post# 12289
Friday, March 22, 2024 11:58:42 AM
Post# 12294 of 12557
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174092674
It won't get past $0.0019. That is the top of the range before they start competing with flippers in earnest. They will mine this range the way they did between $.002 and $0.003 during the January infomercials.
New to The Street Announces its Televised Five Corporate Interviews, Episodes 547 and 548, Show Airs as Sponsored Programming on Bloomberg TV and the FOX Business Network; Broadcastings Begin on Saturday, January 13, 2024, at 6:30 PM ET
The Shows Features its Newest Business Segment, "Money Makers," with TV Host Colin Jordan
January 12, 2024 09:30 ET
https://www.globenewswire.com/en/news-release/2024/01/12/2808666/0/en/New-to-The-Street-Announces-its-Televised-Five-Corporate-Interviews-Episodes-547-and-548-Show-Airs-as-Sponsored-Programming-on-Bloomberg-TV-and-the-FOX-Business-Network-Broadcastin.html
New to The Street Airs Episode 556 Featuring Five Corporate Interviews, Broadcast on the FOX Business Network Monday, February 19, 2024, at 10:30 PM PT
February 16, 2024 09:30 ET
https://www.globenewswire.com/en/news-release/2024/02/16/2830817/0/en/New-to-The-Street-Airs-Episode-556-Featuring-Five-Corporate-Interviews-Broadcast-on-the-FOX-Business-Network-Monday-February-19-2024-at-10-30-PM-PT.html
Still don't believe this is a con after last Fridays action? Looked like a serious fleecing to me. Pump and dumps are not legal unless you are a company collaborating with a toxic lender. Rare to see paid infomercials with the CEO pumping his stock. Rare to see such an obscene spread between conversion price and trading price. With that kind of profit these toxic lenders can pay for these flashy marketing spots. Off that 698 million shares priced at an average of $0.00017, 1 million shares priced at $0.0019 is $1900. The company got $170 of debt relief. Now consider that the rest was converted between here and a penny. More to conversions to come and they are even priced lower. Expect more infomercials. What happened Friday is exactly what they needed. That is high volume without price destruction.
I had expected Blackstar to settle this long ago so it really speaks to how strong and lucrative GS Capital believes their case is. Blackstar should have handed over the shares when requested November 2nd. As it is GS capital likely made a small fortune off that initial conversion of nearly $6000 for 60 million shares done in Q2. It should have been vested by the late December and part of the take down netting them $200K or more. Gives you an idea of how much GS Capital stands to make of those lawsuit shares priced at $0.00013. Ever see such a spread for conversions? Talk about a poorly managed situation by Blackstar.
[color=red]
For the quarterly period ended June 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000073/begi-20230630.htm
NOTE 7 – CONVERTIBLE NOTES
GS Capital Partners made a $5,933 partial conversion, in two tranches, of the principal portion of their October 11, 2021 note together with accrued and unpaid interest of $1,267 into 59,998,666 shares of the Company’s common stock at a conversion price of $0.00012 per share under the conversion provision and terms of the note agreement.[/color]
Get over that dream. If it couldn't crack $0.002 last Friday with 118 million shares traded off another infomercial it won't now with the extra shares now in the pool. This zone is filling up just like the 2s and these toxic note holders are banking a bundle while Blackstar gets but a pittance of debt relief. What we are likely witnessing is the final tranches of the 698 million shares converted for an average of only $0.00017 a share. Look how much better Blackstar did in 2022 than with last years conversions. See that 41,750,000 shares AT September...to be issued...? There were no outstanding share count increases from September 30th through December 21st so I suspect those shares didn't make it out yet due to the restraining order in mid November. But who knows.
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:
During the nine months ended September 30, 2022, the Company issued shares of its common stock as follows:
At September 30, 2023, the Company has recorded common stock to be issued as follows:
Wow, I send you actual due diligence for the court case with a link to the information and I'm a scumbag. 🤣 We will have to wait for the trial for damages and interest but meanwhile I count 257,701,499 shares in the preliminary injunction ordered to cover the outstanding principle of $33,682. Those shares priced at $0.00013 should become vested starting the end of June. Hey! I thought you had me on ignore. 🤣 💋
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
Meanwhile, the preliminary injunction ordered the Company to honor the conversion requests of November 2, 2023 (for the conversion of 62,084,333 shares of common stock – completed December 21, 2023) and the three subsequent requests GS Capital claimed it “would have” made (62,023,333 shares, 65,168,333 shares, and 68,425,500 shares). In order to comply with the mandatory injunction, prior to the stay, the Company increased the share reserve for GS Capital Partners LLC and they subsequently completed the first two conversions.
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.