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I thought a settlement may be in the works as well. However the latest update for the docket now includes a bench trial date for January 2025. When does the restraining order get lifted is the question. Blackstar has a lot of conversions queued up for this promotional period that got shut down in mid November just as this was getting some traction. The annual and the Q1 will reveal the cash burn form the lawsuit. This company has zero revenue and zero full time employees. They must borrow for everything they do. That debt in the S-1 offering matured two years ago with the Quick Capital note in default.
Bubae
Member Level
Re: None
Saturday, March 23, 2024 10:23:08 AM
Post# 12390 of 12539
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174098720
case number is A-23-881099-B, plug it into the court search query linked below.
https://www.clarkcountycourts.us/Portal/
You think. 🙄 This went from a $0.0014 to a close of $0.0019 on less than 25 million shares traded the 7th of March. If what the poster below did was true it didn't take much to move it. Yet 118 million shares traded on Friday 22nd closed again at $0.0019 off that infomercial promo. Selling in the high teens was high so whoever it was they knew they needed to keep it in the teens to own as much of the volume as possible. This was done in the 2s as well and it filled up.
This board member doesn't have a very good track record. 🤣 What is even funnier is that they have me on ignore and private messaging block. This is why when you compare my responses to their post that it doesn't appear that they know what is really going on. Not a clue. 😆
Savannah-Marc
Re: glens0 post# 3639
Friday, November 24, 2023 10:29:35 AM
Post# 3640 of 12528
.01 will be way in the rear view mirror by December!
About to rain nickels and dimes up in here!!!!! BEGI BULLISH!!!!!
Ok, Back to reality. 🙄 You were here when on December 23rd I posted message #7963. In that post I was very specific about time periods of eligibility for share conversions that clearly accounted for the December sell off. We know that the share count didn't increase for October so sometime after August 4th the issued another 110 million shares. If they were September shares they likely account for the shares available for this latest infomercial promotion. The caveat has always been that these toxic lenders are observing the 180 day holding period. The SEC has been coming down on the toxic dumps and it would be a foolish risk for these lenders holding shares at an average of only $0.00017 to take otherwise. Those GS capital shares that have been rolled out since December should become eligible at the end of June. Meanwhile the question is when does the restraining order get lifted? Bench trial date is for January 2025 for the principle, potential legal fees, and default penalties. There is a lot of other conversion shares eligible that got stopped by the restraining order of mid November including the S-1 offering which received it notice of effect last July. Can't wait for more information that should be in the annual filing which will likely be filed late.
Bubae
Re: None
Saturday, December 23, 2023 10:12:19 AM
Post# 7962 of 12524
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173492266
We see 790,292,999 shares outstanding for June 14th per the S-1 offering and 1,034,080,127 as of June 30th per the quarterly filing. 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.
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.
From dilution denier to bottom caller. Niiice! However I don't recall you being correct since this was trading above a penny.
Savannah-Marc
Re: Mojocash post# 8881
Friday, January 05, 2024 3:03:56 PM
Post# 8882 of 12515
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173570696
Who said that there's dillution??? Where is the evidence??? Also, stop making predictions as to where the bottom is because you and no one else knows! I see a dollar coming and that won't be the top!
Blackstar needs to move these shares badly. It isn't clear if they got any of the S-1 offering shares sold before the retraining order was in place in mid November. It also isn't clear if the restraining order is still in place because it would not be in their interest to communicate the status to shareholders since it opens the door to more dilution. Two notes in the S-1 offering had principle balances of $597,534 as of the Q3 filing. The other note is the Quick Capital note that is in default and Blackstar is disputing it. So who knows at this point what shares they are moving. They got great volume Friday and today wasn't bad but it is running in place for a reason.
Yeah, big deal "corporate governance" penciled into the existing template. 🙄 The CEO has been talking about this since January and you can find it mentioned in the S-1 offering prospectus. I believe it simply mocks the first method patent that they are unable to use. It appears that their patented method and system is so basic that they can pencil in just about anything. Statement from the S-1 offering prospectus "...Significant elements of our intended products and services are based on unpatented trade secrets and know-how..." A New shiny object to promote the new share sales.
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.
UH Oh. Looks like selling started at 3:00. Time to get some volume the other way. 😆 Marcie Marc better step in here. 🤣
Looks like traders are wise to the game now and have stopped buying. Boat load of new bag holders above $0.0015 now. This is a bad look for the folks stuck in the 2s.
They are taking their time and mining the sweet spot here. Those who bought Friday will hold and most inclined to flip likely have by now. That is the game, convert against the low as much as possible then take it some some more. The reason they haven't let it go into the 2s is because there are masses there who bought or averaged down and they don't want to compete with that selling. Right here they are good moving those ultra cheap conversions. Yet those buying here expect to flip into the 2s? Good luck.
Seriously? Two closed treatment centers, this one on the ropes. Fooled around with this regulation "A" offering for so long now that it may not make much difference. So what does that mean for current share holders?
They cleared it out Friday now so those converting own the selling. Get in there and soak up those new shares. 🤣 You all trapped in the 2s must be loving this action. 😆
Bubae
Member Level
Re: None
Saturday, March 23, 2024 10:55:40 AM
Post# 12391 of 12468
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174098844
[color=red]...Looks like Diagonal lending received a total of four tranches on their note dated October 31, 2022 with three done in Q3. They likely were able to move that first tranche yesterday. More to come from what I see and you all will need to pump a little harder but this wont see the 2s in my opinion.... [/color]
New batch of hopeful flippers here in this zone. They likely cleared out the flippers in this range so those converting will own it and can take their time. Don't look for it to go into the 2s given the new batch of flippers and those already trapped in the 2s. New buyers want to join that group? Are there more shares left from the 698 million converted at an average of $0.00017? What else did they get into the market before the restraining order was in place. Toxic lenders are cleaning up while Blackstar gets a pittance for debt relief. Worse spread I have ever seen for debt conversions. 🙄
Bubae
Member Level
Re: None
Saturday, March 23, 2024 10:55:40 AM
Post# 12391 of 12460
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174098844
The rule 144 holding period would have those vested and ready by the beginning of February. No evidence of dilution in February and no new infomercials until now. Yesterday it was obvious dilution was in play so we can assume that he shares were issued in September and are now being rolled out. Looks like Diagonal lending received a total of four tranches on their note dated October 31, 2022 with three done in Q3. They likely were able to move that first tranche yesterday. More to come from what I see and you all will need to pump a little harder but this wont see the 2s in my opinion. Much like the infomercials in January, what they need is volume because they already have an excellent conversion price.
The guy hosting this video works for Stock Investor Daily. Never heard of them until now. It appears that they are another paid video marketer like New To The Street. If you google them you won't find much more than what I posted below.
https://www.linkedin.com/company/stockinvestordaily/
Stock Investor Daily specializes in Digital Investor Relations campaigns utilizing the power of high quality video news updates and interviews, along with social media, podcast interviews, investor newsletters which update our subscribers about you
Stupid is as stupid does. I see you showed up here on December 8th when the stock closed at $0.0088. Now what I have been posting for a long time is that Blackstar's proposed products has nothing to do with the crypto currency market though the CEO has been trying to conflate the two in his infomercials to get the shares sold. None the less your comment below for your first post suggests you haven't done your due diligence and is why you are likely well under water here. Given what is in print in the S-1 offering prospectus isn't what the CEO promotes with the crypto angle is a bit more than disingenuous. Is it not?
ericdude
Re: None
Friday, December 08, 2023 5:32:33 PM
Post# 6020 of 12441
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173392179
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000063/blackstar_s1a10.htm
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. Although the Company does not believe that any reputational harm, loss of financing, stock price volatility, risk of legal proceedings, and/or low demand for our services will occur as a result of disruptions to and
According to the latest docket update for the lawsuit it now appears that they have set a bench trial date of January 7th 2025. Meanwhile if we total up the four tranches ordered in the preliminary injunction we have 257,701,499 shares that should have been issued when requested on November 2nd to retire the principle note balance of only $33,682. What is on the line next January will be the interest, legal fees and likely default penalties under the note. The 180 day clock for the first of four tranches started on December 21st which has them vesting at the end of June. Question that I have is will the temporary restraining order preventing Blackstar from trading any shares since mid November remain in place. If so, Blackstar will be some very pissed off convertible note holders after this promotional opportunity was squandered.
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
...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. 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.
case number is A-23-881099-B, plug it into the court search query linked below.
https://www.clarkcountycourts.us/Portal/
Wow, could you pack any more bull Shite into one sentence? Share scarcity 🤣 and the lawsuit is a good thing of course. Maybe name an upcoming catalyst? What business development or buyout for a product that cannot be monetized. One days volume on another infomercial promoting the same stuff as the January infomercials doesn't make for a phenomenal week. Those who are trapped in the 2s now understand exactly what is happening to those in this current range up to $0.002.They also understand that they are getting buried under another layer because this false narrative continues to lose traction.
Yeah, you are an expert on wise moves. 😆 Same Shite since this was trading above a penny. Don't let being wrong for months stop you for pumping this share selling trash. The trading for this closed at $0.0085 on December 6th. Being a loser never tempered your rhetoric.
Savannah-Marc
Re: Bubae post# 5456
Wednesday, December 06, 2023 2:02:34 PM
Post# 5457 of 12437
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173372743
That is brilliant. You have a $0.0014 average and you didn't take profits Friday? There was a ton of selling at $0.0019 which could have netted you 26%. Not sure that you will see that again. That was genuine dilution that got worked in Friday and there is plenty more in the pipeline. I guess maybe you are looking for good news in the annual for this company with zero revenue and zero full time employees. The annual will likely be late again but by the end of the first week of April we should have some new material to work with. Did they get any of the S-1 offering shares sold before GS Capital was able to get Blackstar's share trading shut down with the restraining order back in November.
Bubae
Re: None
Friday, March 22, 2024 12:21:51 PM
Post# 12315 of 12426
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174092965
I bet you ACTUALLY believed that this would get back into the 2s. 😆 I also bet that you are ACTUALLY one of the masses who managed to average down into the 2s and are now facing the reality after the dilutive smack down on Friday. Check out the trades at $0.0018 and $0.0019 end of day that all got absorbed ensuring that this couldn't get into the 2s. When you hold conversion shares at $0.00017 you are making very nice bank at this level. It must be discouraging to watch this new level fill up with new traders who expect to flip into the 2s....ACTUALLY 🤣
The Trades
https://ih.advfn.com/stock-market/USOTC/blackstar-enterprise-pk-BEGI/trades
Bubae
Re: Viewmont post# 12289
Friday, March 22, 2024 11:58:42 AM
Post# 12294 of 12423
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174093923&txt2find=2s
Re: Thehustle post# 12328
Friday, March 22, 2024 1:40:50 PM
Post# 12330 of 12422
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174093923&txt2find=2s
How about this. After the CEO does the 22 minute ramblings about the trading platform. He should have finished with ACTUALLY, no one is currently using the trading platform because it isn't allowed by the SEC. ACTUALLY to go further "...The BDTP™ is not yet functional and may never be functional..." I'm thinking that all those new who watched what was a rerun of the two infomercials in January ACTUALLY believes that Blackstar has an ACTUAL business with revenue, employees, all the good stuff. Once again I see a old time huckster hawking his wares which is a narrative from which to sell new shares.
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
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.
Blockchain First Infrastructure Designed to Enable Public Company Common Shares to Trade as Digital Securities
Monday, 11 September 2023 09:29
https://www.accesswire.com/782422/blockchain-first-infrastructure-designed-to-enable-public-company-common-shares-to-trade-as-digital-securities
We intend to continue having discussions with various ATS's until we have secured an arrangement that will allow the BDTP™ platform to operate.
We currently intend to seek a contractual arrangement such as a license with an existing ATS for a quoting service, similar to the current listing of our common stock with OTC Markets Group. At this time, no ATS has committed to an arrangement.
BlackStar Enterprise Group, Inc. Provides Registration Statement Update
Wednesday, 15 March 2023 10:30 AM
https://www.accesswire.com/743761/blackstar-enterprise-group-inc-provides-registration-statement-update
We believe it may take an additional six to nine months to address SEC comments and questions, and there is no assurance that we will be successful in our shares being approved or cleared for trading on our BDTP™ platform. The BDTP™ is not yet functional and may never be functional.
What many of you who bought Friday likely do not know is that Blackstar is not allowed by the SEC to use the proposed trading platform even to trade their own shares. Didn't know that because this CEO has now for the third infomercial this year didn't mention it. Here is what traders knew with this trading as low as $0.0001 just days before the October promotion kick off. The information is in post #9006 complete with links to the press releases and filings.
Bubae
Re: kid biscuit post# 8965
Sunday, January 07, 2024 3:56:27 PM
Post# 9006 of 12400
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173579022
BlackStar Enterprise Group, Inc. Provides Registration Statement Update
Wednesday, 15 March 2023 10:30 AM
https://www.accesswire.com/743761/blackstar-enterprise-group-inc-provides-registration-statement-update
We believe it may take an additional six to nine months to address SEC comments and questions, and there is no assurance that we will be successful in our shares being approved or cleared for trading on our BDTP™ platform. The BDTP™ is not yet functional and may never be functional.
Whoa now 🤣 It was supposed to be raining nickels and dime by now and that was when it was trading at a penny.
Savannah-Marc
Re: glens0 post# 3639
Friday, November 24, 2023 10:29:35 AM
Post# 3640 of 12400
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173288789
You might want to educate yourself about what Blackstar is actually peddling and understand the disinformation campaign this CEO is waging to get the new shares sold. He continues to conflate crypto currency blockchain activity and the SEC approvals for ETFs to engage in this market with what Blackstar proposes to do with their trading platform. Post #11844 below has links to the infomercial along with the information in the S-1 offering prospectus that debunks what he is saying. One has nothing to do with the other.
They continue to talk about getting Blackstar's shares trading on their platform. They have been trying to do this for years and they haven't been able to due to regulatory rules governing securities. Three new infomercials so far this year to sell those new shares and what he doesn't mention speaks volumes. Post #11917 below has a link to that infomercial along with relevant links to the information and press releases. You all who piled in yesterday are about to understand what those who are trapped in the 2s now know. If you see this guy in a new infomercial they are selling new shares. Bottom line, method patent narrative is all they have. The company has zero full time employees and zero revenue.
Bubae
Member Level
Re: kid biscuit post# 11841
Wednesday, February 21, 2024 7:08:29 PM
Post# 11844 of 12397
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173895419
Re: kid biscuit post# 11912
Wednesday, February 28, 2024 6:16:48 PM
Post# 11917 of 12397
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173939968
I guess you all must converse publicly because you don't have paid accounts and private messaging. Seriously, can't spring a few bucks a month for a paid account and spare the rest of us of this nonsense? Actually I have never seen any actual due diligence from the lot so that is about as good as it gets. 😆
Looks like my stickied post concerning the dilution left on the 698 million shares issued at and average of $0.00017 is still valid. Given the outstanding share count figures in the Q2 and Q3 filings we see that 110 million shares were issued in Q3 before the lawsuit restraining order preventing Blackstar from trading new shares. We know that zero shares were issued in October so sometime between August 4th and September 30th those shares were issued.
The rule 144 holding period would have those vested and ready by the beginning of February. No evidence of dilution in February and no new infomercials until now. Yesterday it was obvious dilution was in play so we can assume that he shares were issued in September and are now being rolled out. Looks like Diagonal lending received a total of four tranches on their note dated October 31, 2022 with three done in Q3. They likely were able to move that first tranche yesterday. More to come from what I see and you all will need to pump a little harder but this wont see the 2s in my opinion. Much like the infomercials in January, what they need is volume because they already have an excellent conversion price.
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, not including shares reserved for conversion of notes.
Earlier in the month we saw an update on the court docket for a "mandatory rule 16 conference" indicating that the GS Capital lawsuit was going to trial. An update last week shows that the rule 16 hearing was cancelled and now we have a new hearing scheduled for April 22nd. Looks to me like a settlement may be in the works. We know that they have been issuing shares to GS Capital beginning in December so expect those to be vested by the end of June. From there on this stock will see a steady stream of new share sales.
Blackstar attempted to settle the note after the lawsuit was filed for $51,196. So we can assume that Blackstar concedes this is the new value of the note at a minimum. We also know from the lawsuit update 8K that GS Capital secured a conversion price for the note with the November 2nd conversion requests at $0.00013. Using that conversion price we could see roughly 400 million shares to settle the lawsuit if $51K is the number. Next question is how long does the restraining order preventing Blackstar from trading new shares remain in place? They had a boatload of other conversions line up for this promotional period and it has been shut down since mid November.
Update to November 6, 2023 Nevada Lawsuit
Date of report (Date of earliest event reported): January 11, 2024
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
The Company attempted to resolve the dispute by paying the note in full. Plaintiff accepted full payment. However, after accepting full payment, and in the context of a preliminary injunction, the Plaintiff requested specific performance (a mandatory injunction) to obtain conversion of certain shares based on Plaintiff’s representation that it “would have” made conversions prior to the payoff it undisputedly accepted.
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...
Update to November 6, 2023 Nevada Lawsuit
Date of report (Date of earliest event reported): February 27, 2024
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594924000023/blackstarmarch2024v2.htm
...the Company invokes several affirmative defenses that bar Plaintiff’s recovery in the action and alleges that Plaintiff breached the terms of the agreement, including, but not limited to, obtaining the conversion of BlackStar’s stock after the Promissory Note was fully paid off.
Amongst other claims, the Company alleges that the Plaintiff acted in bad faith and in violation of usury laws by recovering an estimated $600,000 dollars in BlackStar stock off of a $60,000 promissory note, estimated at a roughly 170% interest rate....
For the quarterly period ended September 30, 2023
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
ITEM 1. LEGAL PROCEEDINGS
Subsequent to the end of the period covered in this filing, on November 6, 2023, the Company was notified of a lawsuit filed in Clark County, NV against the Company by GS Capital Partners LLC 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 sought specific performance for the reserve of 700,000,000 shares, or damages in excess of $15,000, plus interest, costs, and legal fees. The Company has paid the note in full on November 15, 2023 totaling $51,196.71 in cash and issued no shares. The Company is attempting to settle the dispute.
case number is A-23-881099-B, plug it into the court search query linked below.
https://www.clarkcountycourts.us/Portal/
That's right, sell the news and take your gains quickly is the game. That activity likely accounted for the bulk of the trading yesterday aside from the new shares being sold. You who flip this know as well as I did yesterday that there is no run past $0.0019 in its future but you pump that narrative to flip your shares to the hapless. Even when the heavy buying pressure increased at $0.0018 and $0.0019 yesterday they soaked it up. Now, do you reload lower and try to flip this range anymore? If you have tens of millions of new shares to move what do you do? Does the CEO pump it with another infomercial?
Bubae
Re: Viewmont post# 12289
Friday, March 22, 2024 11:58:42 AM
Post# 12294 of 12385
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174091463
Another 118 million shares traded in this range now and you can bet that tens of millions are new. It will do the same thing it did between 2 and 3, it will fill and they then will mine the next level down with the dilution because there is more on the way. The masses in the 2s want to bail if possible before the lawsuit shares hit the street, those in this range would like to flip in the 2s. You keep buying though I'm sure that you can buy more shares than they can issue in your quest to [i[color=red]]lock up the float[/color]. 😆
Savannah-Marc
Re: Shawonsarker84 post# 12011
Thursday, March 07, 2024 3:32:37 PM
Post# 12014 of 12384
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173995542&txt2find=share%2Bfloat
Friend I have been pointing out the dilution since this was trading above a penny. A couple of my posts below on the 27th of November when this hit its 52 week high of $0.0128. One for the 26th where I show the dilution with links. Stick around, this will get even more interesting when the lawsuit shares hits the street. 🤣
Bubae
Re: gshores post# 3852
Sunday, November 26, 2023 11:25:37 PM
Post# 3858 of 12371
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173298539
Re: dinogreeves post# 4025
Monday, November 27, 2023 6:47:51 PM
Post# 4026 of 12371
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173305774&txt2find=Kool
Re: AKATITUS post# 3859
Monday, November 27, 2023 12:01:19 AM
Post# 3862 of 12371
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173298613
Awww, leave Marcie Marc alone. He is covered up in this but he is probably giddy over getting back his play money that he used trying to manipulate this earlier this month. They claim to have moved the price up 40% for a close of $0.0019 on March 7th with less than 25 million shares traded for the day. Reveals what actually happened today when 118 million shares couldn't get a close higher than $0.0019. This range being filled with the new shares and consolidation so say good by to those 2s that are so heavily held here. 🤣
Savannah-Marc
Re: Shawonsarker84 post# 12011
Thursday, March 07, 2024 3:32:37 PM
Post# 12014 of 12369
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Friday, March 08, 2024 10:19:47 AM
Post# 12043 of 12369
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Re: None
Friday, March 08, 2024 1:44:41 PM
Post# 12057 of 12369
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Yeah, looks to me like the rapid 10K trades were to keep the action hot on the buy side this morning and it helped because the buying action was hot until around 1:30 when the sell side picked up with big lots heavily soaking up the volume to keep it at 19 and lower. They played it well, almost as if they finally may be getting some AI bots involved in conversion sales. They needed volume at the right level and they got it. 🤣
https://ih.advfn.com/stock-market/USOTC/blackstar-enterprise-pk-BEGI/trades
I would call that a very successful day for share conversions and the new infomercial. They needed volume today at the highest a price possible that avoids competing with the flippers over 2. Nearly 119 million shares traded and it closed at the same price of $0.0019 as that of March 7th when less than 25 million shares traded. Best day since January 8th off that twitterverse promotion pushing a 116 million share trading day closing at $0.0013 to only once again sell off over the course of the next five days.
So if you see the CEO in a new infomercial and are chasing the promotion here you will very likely lose money, pure and simple. This CEO did the same thing in 2022 when they had conversions lined up and rantheir infomercials. With only 285,357,307 shares outstanding the trading for June and July 2022 ran between $0.002 and $0.003. Look at the conversion prices and you can see that the lenders then didn't far so well. The narrative at the time was the trading platform which is the method patent but the story was fresh then. The current conversions appear to be those at $0.00013 with the lawsuit shares going forward priced the same. This CEO has set you all up so that these lenders are making excellent bank on that spread. Blackstar has received but a pittance in debt relief as a result.
New to The Street TV Signs BlackStar Enterprise Group, Inc. to a 3-Month TV Series
June 02, 2022 09:00 ET
https://www.globenewswire.com/en/news-release/2022/06/02/2455264/0/en/New-to-The-Street-TV-Signs-BlackStar-Enterprise-Group-Inc-to-a-3-Month-TV-Series.html
Once BDTP™ is live, after SEC and FINRA approval, BlackStar intends to market the platform to other publicly traded companies as a subscription service with an issuer-specific customizable interface.
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.
NOTE 7 – CONVERTIBLE NOTES (continued)
(ii) In February and March 2022, Adar Alef LLC (“Adar Alef”) elected to make a partial conversion of $76,500 principal and $6,296 of accrued and unpaid interest thereon due on their note of April 29, 2021, in three tranches, into an aggregate 21,504,766 shares of the Company’s common stock at prices of $0.0023 to $0.0064 per share under the conversion provision and terms of the note agreement.
(iii) In January and February 2022, Power Up elected to convert, in five tranches, the total principal of $103,750 due on their note of July 26, 2021, together with accrued and upaid interest thereon of $5,188, into an aggregate 12,982,155 shares of the Company’s common stock (at conversion prices of $0.0075 to $0.0088 per share) under the conversion provision and terms of the note agreement.
(iv) In February and March 2022, Power Up Lending Group Ltd. (Power Up) elected to convert, in four tranches, the total principal due on their note of July 28, 2021 of $78,750 and accrued and unpaid interst thereon of $3,938 into 21,273,289 shares of the Company’s common stock at conversion prices of $0.0029 to $0.0073 per share under the conversion provision and terms of the note agreement.
(v) In March and April 2022, Power Up elected to convert, in three tranches, the total principal due on their note of September 1, 2021 of $53,750 and accrued and unpaid interst thereon of $2,688, into 19,952,406 shares of the Company’s common stock at conversion prices of $0.0024 to $0.0029 per share under the conversion provision and terms of the note agreement.
(vii) In April and May 2022, Power Up elected to convert, in five tranches, the total principal balance of $78,750 and accrued and upaid interest thereon of $3,938 due on their note of October 1, 2021 into 40,260,417 shares of the Company’s common stock at prices of $0.0020 to $0.0024 per share under the conversion provision and terms of the note agreement.
(viii) In June 2022, Sixth Street Lending LLC elected to convert, in three tranches, the total principal of $45,750 due on their note of November 29, 2021, together with accrued and upaid interest thereon of $2,288, into an aggregate 27,899,255 shares of the Company’s common stock (at conversion prices of $0.0016 to $0.0018 per share) under the conversion provision and terms of the note agreement.
(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.
Yeah right? This closed on March 7th at $0.0019 with less than 25 million shares traded. Want to bet that 100 million shares today might close lower? You all got duped today and it won't get better. I bet those trapped in the dilution dumps in the 2s have been enlightened today. 🤣 Might pay attention to that period of infomercials for what is in store for the future here.
Gotta love a CEO who is willing to put his face on an infomercial to help out his toxic lenders. 🤣 Not kidding, look at the trades today full of buys and this can't crack into the 2s. You can bet if it is the 110 million vested that they didn't get it all in one tranche. They would have been restricted to 4.99% of the outstanding share count at the time of conversion or in this case roughly 60 million shares. Stay tuned for more from what I see. Meanwhile this lender is making excellent bank on those shares price at $0.00017.
https://ih.advfn.com/stock-market/USOTC/blackstar-enterprise-pk-BEGI/trades
Nice job on the flip. New baggies being created here at the top. As the float grows...
No Shite! I told you. 🤣 Past $0.0019 and they start competing with flippers. If they keep it here they will clear out this zone of potential flippers and own it. Refer to my previous post where there could be as many as 110 million shares that are now vested for this month. They are making excellent bank on shares priced at an average of $0.00017.
So take this into perspective, the price ran up to $0.0019 on March 7th on a bit less than 25 million shares. In fact one board member claims to have been a big part of making that happen. Today we are at lunch time with nearly 80 million share traded already and it can't crack $0.0019. Wonder who is selling all those shares. 🤫 This is fun to watch. 🤣 Anyone betting on an end of day sell off?
Savannah-Marc
Re: None
Friday, March 08, 2024 10:19:47 AM
Post# 12043 of 12310
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No one is selling this short. 🙄 If they were it would be trading back into the deep trips by now. Those lawsuit shares alone will likely take it back into the deep trips because this bogus method patent narrative is running out of buyers. Next up after the restraining order is lifted is the other conversions that were queued up for this promotional period. I have been posting this same stuff since it ran above a penny. Pay attention and keep up. 😆
So going back to my dilution posts estimating dates of eligibility for the 698 million shares that were issued at an average price of $0.00017, not a typo $0.00017. Which by the way was correct for the December dumps. We see according to the outstanding share count updates that 110 million shares was issued from August 4th thru September 30th. If they were added in September the rule 144 180 day holding period would set those for this month. Nice timing for another infomercial right? Flip them if you have them, this could be headed for the trips soon.
Bubae
Re: The Whale post# 6284
Sunday, December 10, 2023 4:04:27 PM
Post# 6351 of 12295
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