I doubt that you forwarded anything to the SEC Janet because my posts are gold mine and permanent record of information complete with links going back years on the activity for this company. Many here will want to submit a complaint in the future. The Leons are taking care of themselves and the so called friendly debt in excess of $4 million from what I see. Anyone here even ask how the He77 Lawrence Hawkins is entitled to $1.1 million for the last 25% when it was Ethema Health shareholders who built out the facility. The history there is interesting.

Submit a Tip or Complaint
https://www.sec.gov/submit-tip-or-complaint

A lot of misinformation there Janet that you can not support. Shawn Leon made no claim of naked short selling. He an Michael Markowski had a routine setup where Markowski made the claim. Another question I have is was Michael Markowski compensated for those stock selling infomercials and if so why did he not disclose it as required.

Bubae
Re: janetcanada post# 50564
Sunday, July 14, 2024 8:29:43 PM
Post# 50569 of 50751
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174752610
Shawn Leon didn't exactly confirm that the stock is sold short. He left that conclusion to the shaky, stammering Markowski character. About 31:40 into the June 15th podcast Shawn Leon relates what he sees in a stock report. He Claims to have 368 shares traded over a period, shares between brokerages 124 million, so he says that there is a 240 million shares gap. This is when Markowski but chimes in with the naked short selling reasoning based on his experience in the market. 🙄 So short selling isn't cheap or without its own risks. But if the CEO is telling everyone that he plans to massively dilute the stock, execute a stock consolidation, then sell an offering, who is dog whistling the short sellers? Short sellers are not stupid. 😆 I seriously doubt many are bothering to sell this short despite the value destruction that is occurring.

June 15th podcast
https://share.vidyard.com/watch/6RVaHTg9LWFE5on8nrgTWH

I don't know how smart he is. He sold a treatment center in Canada for a profit and brought it to the U.S. where he not only lost that but an additional $7 million plus put in my the Leons and the friends apparently. This is to say nothing about the $2.3 million in mostly defaulted debt that was rolled into the crazy property purchase, sale, leaseback deal that resulted in a $9 million plus operating lease liability. All the money lost by shareholders with the dilutive conversions since this traded at a penny. Now they are trying to extricate as much as they can for themselves from this disaster with the plans that Shawn Leon has outlined in the podcasts since January. The problem with Shawn Leon is that he moves at a glacial pace. What he called actions to be taken "soon" in the January podcast will likely take the entire year. By the time he acts the opportunity and intent no longer makes sense.

Filings going back years state that management fees were forfeited. The language is pretty unambiguous concerning this subject in the filings. Looks to me like he is trying to take the $420K as part of the conversions to acquire more than a 52% stake in this to take the sting out of it. They must believe that they need controlling interest to work the plan. That plan is in the interest of those who held more than $7 million in what Shawn Leon calls "friendly debt".


https://www.merriam-webster.com/dictionary/forfeit
forfeit noun
something forfeited or subject to being forfeited (as for a crime, offense, or neglect of duty) : PENALTY

forfeit verb
to lose or lose the right to especially by some error, offense, or crime

For the quarterly period ended September 30, 2020
https://www.sec.gov/Archives/edgar/data/792935/000172186820000540/f2sgrst10q111520.htm

12. Related party transactions

Page 23
Shawn E. Leon
Mr. Leon was paid management fees of $0 for the nine months ended September 30, 2020 and 2019. Mr. Leon is entitled to management fees of $240,000 per annum, the fee is not accrued and will not be paid in arears.


Q3 2021 filing
https://sec.report/Document/0001721868-21-000835/

18. Related party transactions
Shawn E. Leon
Management fees from prior periods due to Mr. Leon amounting to $259,175, related to Mr. Leon and reflected as a payable to Mr. Leon were reversed during the current period Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the three and nine months ended September 30, 2021 and for the year ended December 31, 2020.


For the fiscal year ended: December 31, 2021
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359622000192/sfs10kgrst033022.htm

Related Party Transactions
Shawn E. Leon
Management fees from prior periods due to Mr. Leon amounting to $259,707, reflected as a payable to Mr. Leon were reversed during the current period.

Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the years ended December 31, 2021 and 2020.


For the fiscal year ended: December 31, 2022
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359623000263/grst_10k.htm

Page F-26
18. Related party transactions
Shawn E. Leon

Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the year ended December 31, 2022 and the year ended December 31, 2021

For the fiscal year ended: December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000279/grst_10k.htm

.Page F-22
15. Related party payables

Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the years ended December 31, 2023 and 2022.

The Leons are conducting some very questionable activity lately and I hope the SEC start sniffing around here. Shawn Leon awarding himself $420K in management fees? Anyone here question how it is that the Leons converted their debt at $0.0005 on July 12th when the stock traded at $0.0006 for the entire day? The exception for the Leons is in the renegotiated 2023 Leonite warrant allowing a conversion as low as $0.0005. For what reason would they be entitled to convert below market price?

Shawn Leon FORM 4
https://www.sec.gov/Archives/edgar/data/792935/000190359624000433/xslF345X05/ownership.xml

Eileen Greene FORM 4
https://www.sec.gov/Archives/edgar/data/792935/000190359624000432/xslF345X05/ownership.xml

Bubae
Re: None
Sunday, July 14, 2024 8:28:18 AM
Post# 50552 of 50742
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174750976&txt2find=Leonite%2Bwarrant

Bubae
Re: FatCatFenix post# 50524
Saturday, July 13, 2024 8:38:07 PM
Post# 50540 of 50742
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174750062&txt2find=management%2Bfees

So now Shawn Leon is owed and converted $420K in management fees for turning Ethema Health into a shite hole of debt? 🤣 Now wait, consistently under related parties and the line of management fees stated "...Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him..." I have never seen a line item stating an accrual of management fees due Shawn Leon in the filings. So he now claims $420K in accrued management fees and converted that into 840 million restricted shares. Lets take a look at the definition for the word "forfeit" below. No ambiguity there from what I see. The Leons are owed $2,660,190 as of March 21st which would not include the $420K in accrued management fees Shawn Leon now has converted. That's right, another line item for the SEC complaint.

You must have me on ignore. 😆 I have been linking the podcasts so you all can hear it straight from Shawn Leon. I doubt anyone has sold this short. If they were inclined they should be selling it short now with a CEO who claims that he will be splitting this from the trips into the dollars range then selling a regulation "A" offering. There will be plenty of shares to cover with after the split.

Bubae
Re: totffe post# 50674
Sunday, July 21, 2024 6:14:40 PM
Post# 50675 of 50710
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174786841

Bubae
Re: janetcanada post# 50687
Monday, July 22, 2024 6:56:21 PM
Post# 50695 of 50740
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174792460

...First the Boca operation was handed over for assumption of the lease and buying the hard assets for which Leon just borrowed another $250K. Those hard assets were the contents of the treatment center like furnishing, equipment etc. The sales deal in the 8K lists everything, looks like a garage sale listing. 😆 The second operation that they are taking over sounds like a real winner. The Kentucky operation just wanted someone to take it over and manage it and they even financed the deal. Now Ethema Health can do what these private operators could not. That is sell stock to finance a losing operation. Go to 11:20 in the July 18th podcast and hear Shawn Leon detail the intended use of the offering. $500K for Boca and another $1 million to help this new Kentucky situation. Now understand the offering doesn't come until they split the living crap out of this this thing to get the share structure right so they can once again dilute the living crap out of it again.

A lot of people claim to have spoken to the CEO back when this was trading at a froth and the conversions were being dumped on retail. Funny, In all those discussions Joe K didn't say anything about the new shares headed their way? 🤔 What a guy!!

NorthPeak22
Re: Musicman99 post# 5975
Saturday, December 09, 2023 8:17:35 AM
Post# 6117
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173394276

136
Re: trademax42 post# 4120
Tuesday, November 28, 2023 10:36:22 AM
Post# 4122 of 6164

CEO said on the phone with me that he has already signed a media deal to be on FOX network discussing the company and patents.

136
Re: None
Wednesday, November 22, 2023 10:50:39 AM
Post# 3447 of 6165

JUST GOT OFF THE PHONE WITH THE CEO WOW this guy is fired up and there are some incredible things coming wow wow wow this is so much bigger than you all realize

Savannah-Marc
Re: JohnnyRothrock post# 3526
Wednesday, November 22, 2023 9:11:47 PM
Post# 3546 of 6165

...What got me to actually buy into this company was speaking with CEO Joe K. and hearing his conviction and years of developing fruition of his trademark software. BEGI has the potential to merge with the global equities exchanges and banking industries....

Savannah-Marc
Re: goingUPagain post# 4389
Thursday, November 30, 2023 11:11:13 AM
Post# 4541 of 6166

...Got your private message and I 100% agree! ...I am scheduled to speak with Blackstar again soon. Speaking to the CEO was enthralling! Joe K. convinced me to buy! His energy and insight into this was extremely intriguing! He's like a Satoshi Nakamoto type!

gshores
Re: None
Tuesday, December 05, 2023 2:06:49 PM
Post# 5241 of 6167

I have done quite a bit of DD on the company and was even able to talk to the ceo, I am really excited!

gshores
Re: Bubae post# 4973
Monday, December 04, 2023 9:33:41 AM
Post# 4974 of 6174

your crazy and lieing, Talked to ceo on the phone, he is not worried at all about sec approval, it was already approved for blockchain use in june, we are so golden here. Blessed

gshores
Re: dinogreeves post# 3448
Wednesday, November 22, 2023 10:59:23 AM
Post# 3451 of 6176

I also talked to him yesterday. I was blown away by his passion for his product and for shareholders. He is basically creating this for shareholders. He also went into the patent process as well and said the patent office wanted him to seperate the patents to give him more protection in the end. He guarenteed nothing but was very confident.

goingUPagain
Re: CTZander post# 5045
Monday, December 04, 2023 2:01:39 PM
Post# 5049 of 6171

Already have… talked to him last Friday..,I am not mad ,, I bought more! Relax, bro!

Shawn Leon has juiced this about all he can since the beginning of June and retail isn't getting excited. It might have something to do with the Leons taking a majority stake and saying that they not only intend to split this into the multi dollar level but come with the dilutive offering afterwards. To say nothing about all the other debt they intend to convert to equity. Split, amend the current regulation "A" offering, then dilute once again with the offering. Those regulation "A" shares will be bought at a steep discount to market and will be immediately tradable. That is how it works. Probably three weeks yet before we see how much they needed to borrow in Q2 to cover the existing cash burn. Now they have the newly acquired operations to cover. 🙄

When a CEO says that he intends to split the stock into the range of dollars and convert more than $7 million in debt to equity I would rather believe him. 😆 The first step to getting their money out is the conversion. Shawn Leon needs to get this stock split done and amend the regulation "A" offering fairly soon. This losing business model depends on Ethema Health's ability to sell shares or take on more debt. These treatment centers are held by American Treatment Holdings, Inc (ATHI) which has a share structure of its own. ATHI is kept clean to secure more debt while the trash ends up on Ethema Health's balance sheet. Shawn Leon has detailed the intended use of the offering in the July 18th podcast linked in post# 50695 below. They need funds to support the newly acquired operations. It isn't often that you see a CEO announce that he will soon destroy current shareholder value. This is fun to watch.


Bubae
Re: janetcanada post# 50687
Monday, July 22, 2024 6:56:21 PM
Post# 50695 of 50732
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174792460

That is correct. The Leons can now have controlling interest and can now work the plan. If you believe dilution and regulation "A" offerings are a good thing, then you will love this one. 😆 Two podcasts linked in post# 50671 where Shawn Leon talks about the plan since January.


Bubae
Re: None
Sunday, July 21, 2024 9:37:14 AM
Post# 50671 of 50730
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174785398

Court ordered buying? 😆 The Nevada Supreme Court rejected their request for a stay extension Back in February and they pretty much and they summed up this lawsuit in a simple statement. Per the ruling "When a contract is clear on its face, it will be construed from the written language and enforced as written." This CEO is spending a small fortune defending this lawsuit. Come January they may be on the hook for GS Capitals lawsuit expenses as well. Blackstar cannot afford this.

Bubae
Re: gshores post# 13963
Tuesday, June 04, 2024 8:39:11 PM
Post# 13965 of 14147
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174544157&txt2find=supreme%2Bcourt

I can't see this business model working without selling stock to support the operation. Shawn Leon and his spouse guaranteed the crazy property purchase sale leaseback deal that turned $2.3 million in mostly defaulted debt into a more than $9 million operating lease liability. Like I said in post# 50671, I see a plan for those who loaned money early on to extricate themselves from this disaster. I can't see that happening with this current narrative.

We don't know how much this group has accumulated while the stock has been languishing in the deep trips but if they hold enough they could get the price up like they have and hold it through what Shawn Leon promises to be a massive reverse split to support his NYSE narrative. Retail already got diluted more than 100% with the July 12th debt conversions. These people can do whatever they like with the company with what they hold. But if they can't sell shares to support a losing business model they really have nothing. They won't be able to convert the preferred shares that they have planned who's terms are yet to be determined. Rich people like these don't take losses, those losses are reserved for the OTC fools who gamble on this crap to feed the entitled.



Bubae
Re: None
Sunday, July 21, 2024 9:37:14 AM
Post# 50671 of 50721
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174785398

They have diluted you all more than 100% on July 12th and now own more than 52%. They can do what they want now. 😆 Work that plan. January podcast in post# 50671.


Bubae
Re: None
Sunday, July 21, 2024 9:37:14 AM
Post# 50671 of 50718
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174785398

Two form 4s filed for the 4 billion shares the Leons converted on July 12th. It was in the 8K filed on the 12th. Not news. 🙄

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000411/grst_8k.htm

The method patents provide for Blackstar the right to defend their method which at this point they are unable to use. Blackstar's method depends on Amazons product and by their own admission "...Significant elements of our intended products and services are based on unpatented trade secrets and know-how... "


AMENDMENT NO. 10 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000063/blackstar_s1a10.htm

RISK FACTORS RELATED TO OUR PLATFORM AND BLOCKCHAIN/DISTRIBUTED LEDGER TECHNOLOGY

IF WE ARE UNABLE TO PROTECT THE CONFIDENTIALITY OF OUR TRADE SECRETS, OUR BUSINESS AND COMPETITIVE POSITION COULD BE HARMED.
Significant elements of our intended products and services are based on unpatented trade secrets and know-how that are not publicly disclosed. In addition to contractual measures, we try to protect the confidential nature of our proprietary information using physical and technological security measures.

INTELLECTUAL PROPERTY RIGHTS CLAIMS MAY ADVERSELY AFFECT THE DISTRIBUTE LEDGER TECHNOLOGY.
Third parties may assert intellectual property claims relating to their source code, including Distributed Ledger Technology. Regardless of the merit of any intellectual property or other legal action, any threatened action that reduces confidence in distributed ledger technology’s long-term viability may adversely affect an investment in us.

Overview of the BDTP™ Platform
Blackstar has built the technology based upon the Quantum Ledger Database, a blockchain framework from Amazon Web Services (“AWS”), and to use the AWS Cloud for transaction data storage. The BDTP™ would offer a web-based interface for trading transactions as well as an Application Programming Interface (API) that directly accesses all transactions stored on the BDTP™. In June 2020, BlackStar and Artuova, a custom software development company, successfully completed a production ready user interface for the BDTP™ platform, which is feature-complete.

Blackstar needs to demonstrate that they have something to defend. Watch the infomercials, everything rides on the trading platform that isn't allowed to operate. Blackstar can't even get their own shares trading on the platform let alone convincing other t use it. As I said before, follow the money. Blackstar isn't attracting any investors.


Bubae
Re: burner67 post# 14055
Wednesday, June 19, 2024 7:23:06 PM
Post# 14057 of 14177
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174625818

Blackstar isn't attracting ay real investors which speaks to the lack of potential for what they have been trying to do for years.. Blackstar has been reduced to borrowing from what the company describes as "...long-standing business associates, friends, and employees...." in their filings. To pay these people back he CEO will need to con OTC retail into buying that paper. On the other hand the DTCC has invested $50 million in an acquisition of the tokenization solution company Securrency for trading all real world assets on a blockchain.



...the Depository Trust and Clearing Corporation (DTCC) is a user-owned cooperative that is owned by the companies that use its subsidiaries. The DTCC's common stock is owned by the financial institutions that participate in its registered clearing agency subsidiaries. The New York Stock Exchange (NYSE) is one of the DTCC's largest shareholders....

Bubae
Re: Short Squeeze post# 13957
Monday, June 03, 2024 1:11:47 PM
Post# 13958 of 13990
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174534517&txt2find=tokens

DTCC completes acquisition of tokenization solution Securrency
December 11, 2023by Ledger Insights
https://www.ledgerinsights.com/dtcc-completes-acquisition-of-tokenization-securrency/

Meanwhile, last year DTCC launched Project Ion, a post trade stock settlement solution. It runs in parallel with DTC’s classic settlement system which remains the system of record, presumably to adhere to SEC requirements. That solution runs on R3’s Corda enterprise blockchain.


Bubae
Re: LazyInvestor post# 14074
Saturday, June 22, 2024 1:12:22 PM
Post# 14076 of 14187
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174640774

Blackstar included that statement about private placement of stock since 2019 in all their filings. I list all of these in post# 13961 with links. For a stock that is heralded as a "Revolutionary Digital Trading Platform" it isn't attracting any private investment. According to the annual with links to the information in post# 13991 linked below the $400K of new financing for 2023 was "...All of the individuals and/or entities listed above that purchased the unregistered securities were all known to us and our management, through pre-existing business relationships, as long-standing business associates, friends, and employees..." Yes friends and associates and they were handed some sweet notes. 71,250,000 restricted shares vesting between now and the end of June are the free shares and interest issued on those notes. You can bet that the CEO will do what he can to help them out.

So much fuss over a stickied video link. 🙄 I post these videos every chance I get. Time stamps for comments and links to the videos in posts# 50695 and 50636 linked below. Parse the words of Shawn Leon in these podcasts and know that he intends to split the living crap out of this with the so called NYSE up-list and then come with the offering for the badly needed cash. Shawn Leon is back to talking about the EBITDA number which has always been his favorite metric because he doesn't want to talk about the most important number being cash flow. Cash is what pays the bills and this company has swung to cash flow negative in a big way. YOY Q1 numbers below. The biggest problem Shawn Leon has right now is that retail can see through the new narrative and they are taking the bait. I'm sure he would like to keep the price level where it is for the split but news of the split will likely take this down quickly. What comes after the split is more dilution to support the offering.

Bubae
Re: janetcanada post# 50687
Monday, July 22, 2024 6:56:21 PM
Post# 50695 of 50710
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174792460

...Now Ethema Health can do what these private operators could not. That is sell stock to finance a losing operation. Go to 11:20 in the July 18th podcast and hear Shawn Leon detail the intended use of the offering. $500K for Boca and another $1 million to help this new Kentucky situation. Now understand the offering doesn't come until they split the living crap out of this this thing to get the share structure right so they can once again dilute the living crap out of it again...

Bubae
Re: None
Thursday, July 18, 2024 8:20:54 PM
Post# 50636 of 50710
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174776225&txt2find=YOY

.

..about 2.35 into the segment Shawn Leon claims as part of fund raising they did convert $2 million in debt to equit...

9:50 starts talking about debt reduction look under December 31st 2023 we have $2,572,000 in related debt $2 million converted to debt as of a week ago.

At 11:00 in to the segment Shawn Leon starts talking about the current offering and the creation of a new series of convertible preferred shares.

24:30 talks about the current offering at $0.0012 and plans to get that price up and plans to not to raise any equity at prices lower going forward.

A good reference for that question on in post# 14057 which also has links to the information. The SEC gave them guidance on this subject going back to a September 2020 press release included in the post. The only comment that I am aware of in the five infomercials with the CEO made regarding the need to partner with a broker dealer or ATS starting about 2:50 into the April infomercial linked below.


Bubae
Re: burner67 post# 14055
Wednesday, June 19, 2024 7:23:06 PM
Post# 14057 of 14177
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174625818

Lets see, we have a 3:06 sale of 75,000 shares at 8 for $60. Then a trade at 3:57 for 35,000 shares bought at 8 for $28. Yeah They crushed the close for sure! 😆

Smart money is taking advantage of the high net worth individuals who are working the plan and trying to support the price after the walk-up. All one needs to do is watch the videos and Shawn Leon tells you all what is going on. Taking over the Boca and Kentucky operations has failed to impress from what I see. The podcast lays out the need for the offering to support the cash burn that these facilities represent, again as stated by Shawn Leon with his chart for use of funds. If they can't get retail excited they won't get subscribers for the regulation "A" offering who will need retail to dump it on. If the reg "A" offering is dead so it the need for a reverse split. If they split it anyway the stock will get crushed from the desperate need for funds from what I see. The Leons may need to break out their checkbook and pay for their failure themselves. 🤣 Keep an eye out for the split at finra.

https://otce.finra.org/otce/dailyList



Bubae
Re: totffe post# 50674
Sunday, July 21, 2024 6:14:40 PM
Post# 50675 of 50703
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174786841

....Go to about 10:00 into the video and know that they will be whittling you all down to nothing which is really the goal of the split. They have already diluted you all down to less than 50% ownership with the last conversions on July 12th. OUCH! Watch what the Leons do with their newly minted 52% control. The Leons and the series "N" note holders will soon be in the catbird seat. 😆 The boiling frog syndrome.

Bubae
Re: janetcanada post# 50687
Monday, July 22, 2024 6:56:21 PM
Post# 50695 of 50703
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174792460
I wouldn't get too excited about the operations that Ethema Health is taking over. First the Boca operation was handed over for assumption of the lease and buying the hard assets for which Leon just borrowed another $250K. Those hard assets were the contents of the treatment center like furnishing, equipment etc. The sales deal in the 8K lists everything, looks like a garage sale listing. 😆 The second operation that they are taking over sounds like a real winner. The Kentucky operation just wanted someone to take it over and manage it and they even financed the deal. Now Ethema Health can do what these private operators could not. That is sell stock to finance a losing operation. Go to 11:20 in the July 18th podcast and hear Shawn Leon detail the intended use of the offering. $500K for Boca and another $1 million to help this new Kentucky situation. Now understand the offering doesn't come until they split the living crap out of this this thing to get the share structure right so they can once again dilute the living crap out of it again. Next post I will tell you what I really think. 🤣

Wooow. Someone was able to dump 13 million shares there at 2:11 today and took out the 7s. 🤭

This trading platform is going no where. The SEC doesn't allow it too operate and all real world assets are going the route of tokenization. That is why Blackstar isn't attracting any real investors. This CEO has been reduced to borrowing from friends and associates according to the filings.


Bubae
Re: Savannah-Marc post# 14014
Tuesday, June 11, 2024 8:50:42 PM
Post# 14025 of 14167
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174583791

DTCC completes acquisition of tokenization solution Securrency
December 11, 2023by Ledger Insights
https://www.ledgerinsights.com/dtcc-completes-acquisition-of-tokenization-securrency/

Meanwhile, last year DTCC launched Project Ion, a post trade stock settlement solution. It runs in parallel with DTC’s classic settlement system which remains the system of record, presumably to adhere to SEC requirements. That solution runs on R3’s Corda enterprise blockchain.


Bubae
Re: burner67 post# 14055
Wednesday, June 19, 2024 7:23:06 PM
Post# 14057 of 14065
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174625818

...Comment segment on page 55 of the annual filing "...and ultimately SEC approval of our digital trading platform...." The lack of efficacy of the proposed trading platform has been an issue for years because of regulations governing securities. The CEO reveals this in the filings and used to comment on it in the printed pubic statements. But he is converting debt now so bringing the subject up is not conducive for share selling efforts. The problem is that he is getting very little debt relief relative to the shares issued for conversions....

Goldman Sachs to launch three tokenization projects by end of year, says digital assets chief
BYLEO SCHWARTZ
July 10, 2024 at 9:29 AM EDT
https://fortune.com/crypto/2024/07/10/goldman-sachs-launch-tokenization-bitcoin-etfs-crypto-mcdermott/

I wouldn't get too excited about the operations that Ethema Health is taking over. First the Boca operation was handed over for assumption of the lease and buying the hard assets for which Leon just borrowed another $250K. Those hard assets were the contents of the treatment center like furnishing, equipment etc. The sales deal in the 8K lists everything, looks like a garage sale listing. 😆 The second operation that they are taking over sounds like a real winner. The Kentucky operation just wanted someone to take it over and manage it and they even financed the deal. Now Ethema Health can do what these private operators could not. That is sell stock to finance a losing operation. Go to 11:20 in the July 18th podcast and hear Shawn Leon detail the intended use of the offering. $500K for Boca and another $1 million to help this new Kentucky situation. Now understand the offering doesn't come until they split the living crap out of this this thing to get the share structure right so they can once again dilute the living crap out of it again. Next post I will tell you what I really think. 🤣

LOL, If Markowski in his manic podcasts boasting about a $1 billion company in the June 8th podcast and hyping the offering price of $0.0012 in his June 15th performance can't convince traders what luck do you have with your crazy nickel projection on nothing? Here is what OTC traders hate, OK The last thing they want to hear from the CEO is that he intends to reverse split into the range of dollars. not cents, dollars. 😆 At about 16:40 into the June 15th video Markowski makes a ridiculous statement I'm sure believing that traders are the dumbest people on the planet. 😆 He says "I want everyone to understand, this thing is going to the limit price, it can't get financed until it gets to the limit price, it can't raise any capital until it gets to the limit price,.... you will be able to sell it by the end of the summer up 100% increase". 🤣 AAAAAAAAAHHHH LISTEN TO ME PEOPLE!!!,,,,, BUY THE STOCK!!!!! 🤪🤪🤪🤪. ... you will be able to sell it by the end of the summer up 100% increase"!!! It will likely be up many thousands of a percent by the end of the summer with the split.

Video - Ethema (GRST) Recommendation & CEO Interview - June 15 2024

https://share.vidyard.com/watch/T7UNySg1pKnQ2EfgtFEyAx

The year over year numbers for Q1 stink after the crazy property purchase, sale, leaseback deal that rolled $2.3 million in mostly defaulted debt into a new $9 million operating lease liability is now eating at monthly cash flow with teh rent expense. The new borrowing up to the end of Q1 is in post #50341 linked below. So time is running short for Shawn Leon to execute the rest of the plan to get to converting with the offering. He needs to consolidate the stock like he said, amend the regulation "A" offering and raise some funds before some of these nasty short term notes matures. But history tells us that Shawn Leon has no compunction when it comes to running debt well past its due date and paying absurd penalties. Like I have always said, Shawn Leon moves at a glacial pace.



Bubae
Re: None
Tuesday, July 02, 2024 9:04:04 PM
Post# 50341 of 50691
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174697005


For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm

Revenues
Revenues were $1,300,100 and $1,300,046 for the three months ended March 31, 2024 and 2023, respectively, an increase of $54 or 0%.

Operating Expenses
Operating expenses were $1,529,175 and $1,225,020 for the three months ended March 31, 2024 and 2023, respectively, an increase of $304,155 or 24.2%. The increase is primarily due to the following:

Abbreviated list

Rent expense was $265,132 and $114,564 for the three months ended March 31, 2024 and 2023, respectively, an increase of $150,568 or 131.4%.

The increase is primarily due to an increase in rental which arose on the acquisition of the building from our landlord and the immediate disposal of the building to a third party on August 4, 2023,...

Salaries and wages were $727,741 and $592,036 for the three months ended March 31, 2024 and 2023, respectively, an increase of $135,678 or 22.9%. The increase is due the increase in staff headcount during the current year.

Operating loss (income)
The operating loss was $(229,074) and operating income was $75,026 for the three months ended March 31, 2024 and 2023, respectively, an increase in loss of $304,100 or 405.3%.

Net loss
Net loss was $374,203 and $175,717 for the three months ended March 31, 2024 and 2023, respectively, an increase of $198,486 or 113.0%

No one is being paid here friendo. Facts are facts straight form the horses mouth. I am watching for the OTC reverse split filing for you. To up-list to the NYSE and support the amended offering we are probably looking at $6. Shawn claims minimum $3 for the up-list but I say anything less than $5 and he blowing smoke and will be settling for a OTCQB. Not that they really could qualify anyway in my opinion. Go to about 10:00 into the video and know that they will be whittling you all down to nothing which is really the goal of the split. They have already diluted you all down to less than 50% ownership with the last conversions on July 12th. OUCH! Watch what the Leons do with their newly minted 52% control. The Leons and the series "N" note holders will soon be in the catbird seat. 😆 The boiling frog syndrome.


July 18th Shawn Leon Podcast

I just posted the words of Shawn Leon complete with links to the podcasts. He laid out the plan. You don't believe him?

I know most don't believe this but what is going on right now may be the last opportunity to bail at these prices. Looks like they are working the plan that Shawn Leon laid out in January. The people behind this appear to be high net worth individuals who have been able to orchestrate the highly promoted June walkup. I believe they will try to support price before the split and provide potential liquidity for the few who can take advantage of it.

Who are these individuals? Shawn Leon talks about them starting at 12:40 into the January podcast and displays a list of the business advisory board. He refers to these people as debt holders with one on the list being his spouse, Eileen Greene. These people appear to be amongst those who hold the series "N" notes totaling $4,276,463 as of March 31st. These notes had been in default and now have a new maturity date of December 31st. At 23:40 the CEO stars talking about friendly debt being the related party debt owed to the Leons and the balance of those notes in the chart on page 16 of the Q1 filing totaling $4,471,232. Listen closely, he is referring to $4.4 million in convertible notes, and not just the $4.2 million in series "D" notes. Take the $4.4 million and the $2,660,190 on page 19 of the Q1 filing in related party debt we get a total of $7,131,422 as of March 31st. Now add in the latest revelation in the last 8K that now, suddenly, Shawn Leon was also due $420K in accrued management fees. 🙄 Total now, $7,551,422.

Now as of the last 8K filed on July 12th the Leons awarded themselves the $420K in management fees and converted that some related party debt into four billion shares of common stock at $0.0005 a share securing 52% of the voting stock of the company. That converted $2 million of the "friendly debt" leaving roughly $5.5 million. July 18th podcast at about 12:00 in Shawn Leon starts talking about the new preferred shares that are planed. look closely at the last line item on slide and see "conversion value to be negotiated". I think maybe we can see where the balance of the friendly debt may be headed. Six month to maturity for these shares and it sure like a good exit strategy over time for those who once had little hope of recovering their losing investment in Ethema Health.

Couple all of this with the massive reverse split that Shawn Leon talks about to support the NYSE up-list narrative and we now have a new share structure that is mostly held by those who once held hopeless debt who may be able to convert under good circumstances. Shawn Leon also talks about the offering he plans for the post split share structure. But this will be what Shawn Leons often refers to as "accretive" for current shareholders. Cling to that term if you can. 😆 The big gamble is if retail will buy in after the consolidation. It is pretty clear to me what is going on with this expensive business model but who knows.


Shawn Leon January podcast

Shawn Leon July 18th podcast

The Leons just acquired voting control with 52% ownership with this debt to equity conversion detailed in the last 8K. They can make the decision on their own now to split the stock and to determine the ration now from what I see. Here is a problem from my view point. In the 8K they decided to make a book entry on July 10th that Shawn Leon was due accrued management fees of $420,000 which was then converted into Ethema Health (GRST) stock that being 820 million shares. Now entries in the filings that I have posted below beginning in 2020 "...Mr. Leon is entitled to management fees of $240,000 per annum, the fee is not accrued and will not be paid in arears.". Go to the subsequent years from 2019 to the present that has consistently stated that Shawn Leon "...forfeited the management fees due to him..." The word "forfeit" has a definitive legal meaning. Now go ahead and vote your split but I have a question for the SEC about the validity of their ownership and voting rights claim. Ethema Health is owned by the shareholders not a play toy for the Leons to cover their past bad decisions.


Form 8K
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000411/grst_8k.htm

The former owner partner had been paid management fees of 420,000 from 2021 to the end of 2023 which is the same amount that the CEO was entitled to but deferred. That amount was recorded in the books of the Company on July 10, 2024 and converted to stock on July 12,


For the fiscal year ended: December 31, 2020
https://www.sec.gov/Archives/edgar/data/792935/000172186821000220/f2sgrst10k041221.htm

Page F-29
17. Related party transactions
Shawn E. Leon

Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the years ended December 31, 2020 and 2019.



For the quarterly period ended September 30, 2020
https://www.sec.gov/Archives/edgar/data/792935/000172186820000540/f2sgrst10q111520.htm

12. Related party transactions

Page 23
Shawn E. Leon
Mr. Leon was paid management fees of $0 for the nine months ended September 30, 2020 and 2019. Mr. Leon is entitled to management fees of $240,000 per annum, the fee is not accrued and will not be paid in arears.


Q3 2021 filing
https://sec.report/Document/0001721868-21-000835/

18. Related party transactions
Shawn E. Leon
Management fees from prior periods due to Mr. Leon amounting to $259,175, related to Mr. Leon and reflected as a payable to Mr. Leon were reversed during the current period Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the three and nine months ended September 30, 2021 and for the year ended December 31, 2020.


For the fiscal year ended: December 31, 2021
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359622000192/sfs10kgrst033022.htm

Related Party Transactions
Shawn E. Leon
Management fees from prior periods due to Mr. Leon amounting to $259,707, reflected as a payable to Mr. Leon were reversed during the current period.

Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the years ended December 31, 2021 and 2020.


For the fiscal year ended: December 31, 2022
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359623000263/grst_10k.htm

Page F-26
18. Related party transactions
Shawn E. Leon

Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the year ended December 31, 2022 and the year ended December 31, 2021

For the fiscal year ended: December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000279/grst_10k.htm

.Page F-22
15. Related party payables

Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the years ended December 31, 2023 and 2022.

I haven't tried to find the latest articles of incorporation but I have assumed that Shawn Leon can make all and any decisions for this company including a stock consolidation. However that may not be true. It could be that the $2 million in debt owed to the Leons was converted into common stock to ensure they had controlling interest at 52%. In this case they could vote a split or other action on their own. Get ready for some fun folks. Can the Leons maintain the $0.0005 through the split and preserve their buy price?

Yes, everyone should watch the podcast. 😆 Ethema Health is essentially taking over the management of the Kentucky properties and the owners appear to be financing. So these operations are likely losers but the advantage Shawn Leon and Ethema Health has is the ability to backstop losses with Ethema Health fund raising through share sales. Ethema Health (GRST) has always been the losing financier of operations that are held by American Treatment Holdings, Inc (ATHI) who has a share structure of its own. Debt is secured by the clean operations and it works as long as Ethema Helath (GRST) retail steps up and funds the scheme.

Go to 11:20 into the podcast where Shawn Leon starts talking about the use of proceeds from the offering. We see $500K to support the operations at Boca and another $1 million to support the operations in Kentucky. He goes on to talk about the new convertible preferred shares that he claims he will be selling to investors. I do not see any real investors buying preferred shares of this scheme and they never have before. What I see is that new bucket of preferred shares is to convert the balance of the $7+ million of so called "friendly" debt Shawn Leon talked about back in the January podcast. That video link and commentary is in post# 50563 linked below.

Time line? He has a nasty note as part of the bridge loans coming due on November 15th that if it goes into default they holder is entitled to convert the $600K into 25% of shares held by American Treatment Holdings, Inc (ATHI). Unless this is more friendly debt, this one could break it off in Shawn Leon's... SO, he has a lot to do in the interim. Stock consolidation to support the minimum up-list, Shawn's words, $3. If you want to meet the minimum while converting an offering you will need to be much higher. The offering will need to be amended no matter because of the activity of the past year and with what Shawn Leon says in this podcast that the offering price is going higher. Then he needs to convert that offering which means he must convince subscribers that they can effectively dump that on retail at a meaningful level. The ability to con retail into buying is is key and the purpose of this hasty acquisition and promotional activity. You have a hard time convincing retail to buy into a debt story so Shawn is desperately trying to make it a growth story. Will it work? This is fun to watch!


Bubae
Re: None
Sunday, July 14, 2024 4:19:03 PM
Post# 50563 of 50638
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174752074&txt2find=January%2Bpodcast

Shawn Leon July 18 podcast

The question about the company's cash burn for legal and professional fees for Q1 has been answered. Joe continues to get crushed by the lawsuit fees and all of his new borrowing continues to come from friends and associates. Institutional lenders or investors aren't touching this. Legal and professional fees of $363,253 for the three months ended March 31, 2024, an increase of $318,601 from the same period in 2023. The company burned through $210,499 for these services in Q4 2023. Bench trial is scheduled for January 2025. Blackstar could be on the hook for GS Capital legal fees on top of damages. At which time I would think Joe is done because this trading platform narrative is going nowhere.


Bubae
Re: ericdude post# 13784
Sunday, May 12, 2024 8:55:38 PM
Post# 13788 of 14155
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174403108&txt2find=litigation%2Bfees

For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000085/begi-20240331.htm.htm

Results of Operations

For the Three Months Ended March 31, 2024 compared to same period in 2023
Net loss for the three months ended March 31, 2024 was $499,072 as compared to $117,204 for the three months ended March 31, 2023, an increase of $381,868.

Legal and professional fees of $363,253 for the three months ended March 31, 2024 increased by $318,601 from $44,652 for the comparable 2023 period. The increase in legal fees for the 2024 period was predominately for fees related to litigation for convertible debt issues.

New podcast that everyone who is interested in this should pay attention to. Right out of the gate the presenter introduces Ethema Health as trading on the OTCQB market. Ethema Health (GRST) does not have a QB tier listing so that is absolutely false. About 1:30 into the podcast Shawn Leon says we're cash flow positive. Now maybe the Evernia treatment center held by American Treatment Holdings, Inc (AHTI) is cash positive but that is because Ethema Health (GRST) takes on all the debt and liabilities leaving the treatment center and its stakeholders clean. Q1 YOY year number for Ethema Health are below and they are not cash flow positive.

about 2.35 into the segment Shawn Leon claims as part of fund raising they did convert $2 million in debt to equity and now are going to raise $3 million instead of five million because the Kentucky plan was done with full financing. So converting $2 million of the Leon's debt to stock more than doubling the share count can't be considered fund raising since it doesn't bring any new funds into the company. What it does is suddenly give the Leons about 52% ownership of the OS.

9:50 starts talking about debt reduction look under December 31st 2023 we have $2,572,000 in related debt $2 million converted to debt as of a week ago. Why slowly decreasing the debt down to where they will qualify for the NYSE. Minimum $3 will be needed through a reverse split. Talks about related party debt but not the additional debt taken on that I talk about in post# 50341 with links to the information. So there is what Shawn says is a $3 minimum again needed for the NYSE and the reverse split. I don't see this NYSE up-list narrative as serious given their numbers but if it were serious they would need a much higher post split number than $3 if they are also to convert some of the offering.

At 11:00 in to the segment Shawn Leon starts talking about the current offering and the creation of a new series of convertible preferred shares. He says We have no convertible, we have no variable rate debt, then admits finally that they do have this small note that um.... Reality is as of March 31st they have a $124K Bauman note balance with an automatic conversion feature dated August 9th that Shawn Leon now claims will be settled without conversion. Shawn Leon says that he is creating a new series of convertible preferred shares. My guess is that this is where the balance of the more than $7 million in so called "friendly" debt that Shawn talked about in previous podcasts debt will be converted into. With that done Ethema Healh will no longer be sitting on bad debt owed to the Leons and the series "N" note holders buy rather they become stakeholders of the newly resurrected Ethema Health after a very healthy stock consolidation that will never affect the preferred shares. Life is good if you are in charge and can take care of your friends. 😆

24:30 talks about the current offering at $0.0012 and plans to get that price up and plans to not to raise any equity at prices lower going forward. I knew an amended offering would need to be done since the business has changed so much since the regulation "A" offering was last qualified in November 2023. What he is saying is that the number will be going up along with the stock consolidation. You can bet that the new price will be well blow the eventual trading price post split. That is how a reg A offering works folks. Those shares are exempt from registration and are immediately free trading. I would look for a stock consolidation before he drops the amended offering then massive new dilution post split to r5aise the badly needed funds.

Bottom line is that Shawn Leon is working the plan he laid out in the January podcast and current shareholders are about to get crushed from what I see. You have already been crushed by the more than 100% dilution and you apparently just don't realize it yet. If Shawn Leon isn't able to peak retail trading interest in this he is done. In the end it will be retail losses that will pay for badly needed cash flow supplement to support this very expensive business model.



Bubae
Re: None
Tuesday, July 02, 2024 9:04:04 PM
Post# 50341 of 50635
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174697005


For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm

Revenues
Revenues were $1,300,100 and $1,300,046 for the three months ended March 31, 2024 and 2023, respectively, an increase of $54 or 0%.
Operating Expenses
Operating expenses were $1,529,175 and $1,225,020 for the three months ended March 31, 2024 and 2023, respectively, an increase of $304,155 or 24.2%. The increase is primarily due to the following:

Abbreviated list

Rent expense was $265,132 and $114,564 for the three months ended March 31, 2024 and 2023, respectively, an increase of $150,568 or 131.4%.The increase is primarily due to an increase in rental which arose on the acquisition of the building from our landlord and the immediate disposal of the building to a third party on August 4, 2023,...

Salaries and wages were $727,741 and $592,036 for the three months ended March 31, 2024 and 2023, respectively, an increase of $135,678 or 22.9%. The increase is due the increase in staff headcount during the current year.

Operating loss (income)
The operating loss was $(229,074) and operating income was $75,026 for the three months ended March 31, 2024 and 2023, respectively, an increase in loss of $304,100 or 405.3%.

Net loss
Net loss was $374,203 and $175,717 for the three months ended March 31, 2024 and 2023, respectively, an increase of $198,486 or 113.0%

You know what I find interesting is that this Markowski character and Shawn Leon teamed up to super spin projections and none of you long time pumpers are promoting the story line. Those podcasts were so badly done that even you all aren't taking the bait. What they are doing is straight up stock promotion and I am very interested to see if any of the four podcasts for 2024 violates SEC rule governing stock manipulation.

Look at that spread with 6s on the bid to 9s on the ask. You don't think there is some odd trading going on here. All that started with the June promotion launch at the beginning of June. If retail doesn't step up and buy this debt both now and post split the Leons will be breaking out their own checkbook. Fitting since this rolling disaster was done on their watch.

Bubae
Re: janetcanada post# 50515
Saturday, July 13, 2024 9:09:01 AM
Post# 50529 of 50624
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174747936&txt2find=123%2Bmillion

More material for my latest SEC complaint declaes and I for one would like to know who your alias really is since you have been pumping this nonstop for more than two years. My hope is that this CEO is so desperate to maintain price here is that he is doing some back door diplomacy since doing it himself would be inviting some serious scrutiny. What we post here is a permanent record an my posts are supported by the words of the company. Now I doubt what you say but none the less I have shown the facts with the links to the company's own print in press releases, filings and now the promotional videos. Shawn Leon has a lot to answer for in my opinion and the activity in June with the promotional effort along with very suspicious trading is worthy of yet another report.


Bubae
Re: FatCatFenix post# 50524
Saturday, July 13, 2024 8:38:07 PM
Post# 50540 of 50623
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174750062&txt2find=management%2Bfees

Bubae
Re: pual post# 50386
Friday, July 05, 2024 9:54:05 PM
Post# 50405 of 50623
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174710690

The balance on the Bauman note as of March 31st was $124,769 and can convert at any time. That note was convertible six months after the issuance date of August 9th. Shawn Leon in the video starting about 3:40 into the segment said that the company has no convertible debt on the books. That was a lie was it not? That note was eligible, or nearly eligible to convert, while Shawn Leon was speaking on February 7th or 8th. 😲 That note also has an unusual automatic conversion feature at the August 9th anniversary. So who do we believe, what someone quotes directly from the filings or this CEO who is promoting the stock?

Page 16
For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000792935/000190359624000371/grst_10q.htm

Yeah, Shawn Leon is going to spin those new numbers but the reality is that they are buying operations that couldn't be that great because the Boca facilities sold out for the hard assets and the lease takeover. This last one for self financing long term. Shawn Leon needs a story so bad to sell retail now that he will take whatever he can manage. Emerging Growth conference podcast from January is linked in post# 50563. The plan appears to dilute this down with the so called "friendly" debt to the point that the Leonite warrant has little value. Of course they are doing the same to retail shareholders.

The near term debt situation is detailed in post# 50341. The Mirage note had its third extension expire on June 15th and the Bauman note has an unusual automatic conversion feature dated for August 9th. I expect that Shawn Leon will execute on his plan fully before November 15th when he will need $600K to cover part of the recent bridge loan with nasty default terms including converting into shares of the Evernia Treatment center held by ATHI for essentially the 25% ownership. Looking at the daily volume few retail are taking the bait. The heavily promoted month of June got the price up but without volume it won't do Ethema Health much good.


Bubae
Re: None
Sunday, July 14, 2024 4:19:03 PM
Post# 50563 of 50615
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174752074

Bubae
Re: None
Tuesday, July 02, 2024 9:04:04 PM
Post# 50341 of 50615
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174697005

After the lease refinance deal of 2023 the company immediately started adding more debt. Bauman note August 9th 2023, Mirage Realty note November 15th 2023. The balance on the Bauman note as of March 31st 2024 was $124,769 and can convert at any time with an automatic conversion feature date of August 9th. The third third extension on the $250K Mirage Realty note expired on June 15th.

The typical pump here, pretty empty. Leons and their so called "friendly" debt are in the process of taking care of themselves. When a CEO claims that he intends to convert more than $7 million of debt to stock people should probably listen. In one quick conversion the leons own more than half of this and it doesn't even cover what they claim they are owed. So they run this is the ground with the debt but are still able to cover themselves with these tactics. My hope is that this disaster breaks the Leons and that the SEC is finally sniffing around here.

Interesting item in the Q1. Many like to mock my posts though I provide actual due diligence complete with posts to the information. Since the run in November I had been talking about the share dumping by these lenders and the requirement for the rule 144 holding period as not to attract attention from the SEC by acting as unregistered dealers. My early assumption that these lenders should be observing the holding period was of course in hindsight wrong. What we have known for some time is that they were indeed dumping those shares. See note from page 19 of the Q1 regarding SEC action against the manager of SE Holdings, LLC, and Adar Alef, LLC.

Remember my posts talking about the November 2023, Adar Alef partial conversion of $13,455 principal into 62,100,00 shares of the Company’s common stock at a price of $0.0002167 per share? That 62 million shares in November was done while this was on its way to a penny and dumped into the volume. This information was in the annual but we do not see a share increase on the OTC site from September 30th to December 22nd.

Go to the filings leading up to the November run to find that The company issued 591,386,247 to 1800 Diagonal Lending over the course of the first nine months with nearly 487 million of that issued in Q2 and Q3. Then there are the hundreds of millions of shares dumped by GS capital shares at $0.00006, not a typo, $0.00006. What now about this activity. Details with links about these questionable share dumps for Blackstar stock can be found in post# 13885 linked below. I hope they all get hammered but what does this mean as far as the notes held by these lenders if they all have to disgorge their shares and pay the fines.


Bubae
Re: Short Squeeze post# 13884
Monday, May 20, 2024 11:48:41 AM
Post# 13885 of 14155

For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm

Page F13
ADAR ALEF, LLC
In November 2023, Adar Alef issued a notice of conversion for a partial conversion of $13,455 principal into 62,100,00 shares of the Company’s common stock at a price of $0.0002167 per share under the conversion provision and terms of the note agreement.


For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000085/begi-20240331.htm.htm
Page 19
The Company is aware that on January 23, 2024, Aryeh Goldstein, Managing Member of SE Holdings, LLC, individually, and Adar Alef, LLC, also managed by Aryeh Goldstein, as the entity, settled charges with the SEC ordering them, in part, to surrender for cancellation all remaining shares they obtained through conversion of notes, as well as conversion rights under any remaining convertible notes. The Company is evaluating what this means for the remaining outstanding conversion rights under the two convertible promissory notes held by SE Holdings, LLC ($220,000) and Adar Alef, LLC ($550,000), and for the current holdings of Adar Alef, LLC (5,000,000 shares of common stock of BlackStar).

Aryeh Goldstein, Adar Bays, LLC, and Adar Alef, LLC
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 25930 / January 23, 2024
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25930

The parties have agreed to settle the charges. Among other relief, Goldstein and his entities agreed to pay $1.25 million in monetary relief and to surrender or cancel all remaining shares of public companies allegedly obtained from their unregistered dealer activity.

What is repetitive and boring to you Paul is brand new information for many others. What is telling is that I am the one posting the videos that were intended to promote.