First, the use of the word technology with Blackstar's product lacks context. They have developed a method to record trading transactions using Amazons Amazon Web Services (“AWS”) product. There is no difference in how trades are processed by the "...broker-dealer who is also an ATS...". The role of the blockchain ledger is to securely record the transactions. The need to partner with a broker / dealer ATS is the issue. This is apparently an obstacle for anyone who may be interested in using it. None of this even matters since the trading platform hasn't been approved to operate. This has been the case for years but it won't get mentioned in the infomercials. It is all about what they are going to do, not what they are able to do.


For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 5
BlackStar Digital Trading Platform TM (“BDTP TM”): a digital Electronic Fungible Shares trading platform enabling the trading of BlackStar common shares in electronic fungible form. (The BDTP TM has not been approved by any regulatory agency or broker dealer and is not currently operational.)

Page 16
Overview of the BDTP™ Platform

BlackStar intends the BDTP™ to be a tool for trading securities within the existing FINRA and SEC regulated brokerage ecosystem, addressing many of the regulatory issues by operating within the existing confines of the system. For example, customers will continue to use brokerage accounts and broker-dealers and the transfer agent will continue to maintain the shareholder records...


SEC Correspondence vetting the S-1 prospectus February 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000009/filename1.htm

Page 5
The process for trades from book-entry form is explained in bullet point 1. The blockchain trading platform uses the same protocols as many registered Alternative Trading Systems (ATS). 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 shareholder does not use a wallet with BDTPTM but will use a traditional customer account at a registered broker-dealer. The broker will invite their customers to trade on the private blockchain through the user interface of BDTPTM. The customer-facing interface would allow the broker-dealer client to initiate a trade. The BDTPTM will partner with a broker-dealer who is also an ATS or an exchange, or will simply partner with an ATS, in order to host the quotes and operate the market. The Host of BDTPTM then records the transactions to the blockchain, creating an immediate and permanent transaction log.

Clearly you need to conduct a little due diligence. Blackstar has nothing to do with the crypto currency market at all. They haven't even developed anything that approaches a new technology. They have managed to get the patent office to approve their system and method to do a few apications written to run on Amazon's blockchain ledger product. That is all. To date we see a proposed trading platform that hasn't been allowed to operate for years and couple of new ideas with that are nothing but paper at this point. Meanwhile this CEO runs infomercials to sell the debt conversions. You dont see that very often. Buy up, there is a ton of new shares in the pipeline snd it doesn't look as if as many are buying the story now. They need volume and a lot of it.

No one is infringing on anything. Blackstsr can't even use the trading platform idea and the other two are nothing but paper at this point rolled out quickly to sell shares. The CEO said himself in the first infomercial stated that securities are already traded legally on a block chain in the form of tokens.

Anyone who has dealt with a company selling a regulation "A" offering knows to stay out of this. Ethema Health is such sad shape that they can't get the offering sold after a year and a half. The original offering was filed in October 2022 and the amended offerings since was qualified November 3rd 2023.



The SEC is widening its war on toxic funders
Published on August 24, 2021
https://www.linkedin.com/pulse/sec-widening-its-war-toxic-funders-steve-taylor/

...it also increasingly utilized qualified Reg A offerings to acquire free-trading stock which they then dumped into the market without disclosure....

...This was a significant concern, as Reg A shares are immediately free-trading. That makes it much more attractive to many investors compared to restricted securities sold under Reg D exemptions, but it also is definitely more attractive to those looking to make a quick buck by breaking the law. This case demonstrates the SEC may not have been looking hard enough at the Reg A market for fraud, as certain financiers and funders have been scalping stock without disclosure in the filings....

...Section 17(b) of the Securities Act of 1933 requires anyone that is paid to promote a stock must disclose the amount of the payment and who paid them. This is probably the most violated SEC regulation, which is not a surprise as it is also the least enforced. Toxic funders routinely pay promoters to pump the stocks in which they are funding. ...

...To make money on their toxic convertible loan, these funders require volume to dump into. Lots of volume, because they have a lot of stock to sell. Thus the need for lots of promoters, most of whom are non-disclosing as telling the public they are getting paid to pump, and who paid them to do it, would scare even the most die-hard penny plunger away....

I wouldn't get too excited about any private placement talk. Take a look at the annual to see the costly series of 14 notes payable since March 2023 that have maturities of a year and less for where funding is now coming from. These notes have free shares as sweeteners. It doesn't look as if anyone has the confidence in what Blackstar is promoting to buy into a preferred offering. The filings are littered for years with "We may offer" and "We intend to offer" with regard o this subject of private placement. The only preferred shares are those series "A" shares held by the estate of John Noble Harris and Joseph E. Kurczodyna, the current CEO. These shares represent "Super Majority Voting" power concerning all matters of business for this company.

For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 21
Existing Financing

You mean the trading platform that "...has not been approved by any regulatory agency or broker dealer and is not currently operational..." Hear about any discussions with the SEC lately in any of the five infomercials? What did Blackstar say in March 2023? "...The BDTP™ is not yet functional and may never be functional." Is that the method patent that you are referring to?



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

Definitions
BlackStar Digital Trading Platform TM (“BDTP TM”): a digital Electronic Fungible Shares trading platform enabling the trading of BlackStar common shares in electronic fungible form. (The BDTP TM has not been approved by any regulatory agency or broker dealer and is not currently operational.)


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 anticipate initiating formal discussions with the SEC and its relevant divisions and offices, including the Division of Trading and Markets, within the next six months with respect to seeking the approval or clearance of our shares being eligible to be traded on our BDTP™ platform. 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.

Blackstar doesn't have much in terms of assets to go after. All those lenders can do is hope for an opportunity to convert that debt. Diagonal lending for some reason beat everyone to the conversion game with their nearly 600 million shares in 2023 to take advantage of the current promotional period. What they knew and when did they know it, right? Then GS Capitals lawsuit and the partial conversions 257,704,832 million shares priced at $0.00006 for 2024. SE Holdings and Adar Alef needed to wait their turn in my opinion. Besides, Adar Alef banked an obscene profit with their conversion of $13,455 principal into 62,100,00 shares back in November while the stock was on its way to a penny.

As for the SEC question. New 8K out this morning show that they have been dealing with a shady auditor. According to the 8K their auditor, Borgers, ....agreed to a permanent ban on appearing or practicing before the SEC...

FORM 8K
Date of report (Date of earliest event reported): May 3, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000058/blackstarauditor8k.htm

The U.S. Securities and Exchange Commission (the “SEC”) has advised that, in lieu of obtaining a letter from BF Borgers stating whether or not it agrees with the statements herein, the Company may indicate that BF Borgers is not currently permitted to appear or practice before the SEC for reasons described in the SEC’s Order Instituting Public Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Sections 4C and 21C of the Securities Exchange Act of 1934 and Rule 102(e) of the Commission’s Rules of Practice, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order, dated May 3, 2024.


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

Page F-13
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.

They continue to borrow for 2024 to keep it going. Have to wonder where Shawn Leon was planning to get the cash to pay that four month note dated November 15th 2023. The maturity date was extended to April 15th 2024 and no mention of its disposition in the subsequent events section of the filing. Will he ever get that regulation "A" offering off the ground? They can't convert debt because their shares are practically worthless and they continue to burn cash. What to do 🤔


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

Page F-20
Mirage Realty, LLC

On November 15, 2023, the Company, entered into a senior secured promissory note in the aggregate principal amount of $250,000 for net proceeds of $223,500 after an original issue discount and fees of $26,500. The note earns interest at 10% per annum and originally matured on March 15, 2024. The maturity date was extended to April 15, 2024, with no change to the terms of the note or any additional consideration paid to the noteholder.

Shawn Leon has always kept a letter of intent for something going up until around July of last year. Link to press releases below going back to 2018 and not a single one was ever completed. They are good for the quarterly promo. The question for the moment is when is split to support the regulation "A" offering. Also, how is Ethema Health able to put up the all the treatment center (ATHI) assets to secure the new $1 million line of credit when the 75% ownership they claim is already leveraged for debt. The more than $4 million is series "N" notes have been in default since 2022.


https://www.globenewswire.com/en/search/organization/Ethema%2520Health%2520Corporation


Ethema Executes Two Real Estate Transactions and Major Debt Repayment
July 17, 2023 09:34 ET
https://www.globenewswire.com/en/news-release/2023/07/17/2705721/0/en/Ethema-Executes-Two-Real-Estate-Transactions-and-Major-Debt-Repayment.html

The previous announced LOI for the purchase of an acquisition in South Carolina was terminated due to an inability to extend it any further without a commitment of funds to close. Until such time as the Company has the resources and cash on hand to consummate such an acquisition, it will defer entering into any further LOI.

Yeah, they have a media contract through the end of May. From what I see he will need to ink another to move more shares through the end of 2024. They have principle balances outstanding of $584,079 on the Adar Alef and SE Holdings notes that matured two years ago and are earning default interest of 24%. We also know that these toxic lenders have been dumping their conversions as they receive them.

Bubae
Re: None
Wednesday, May 01, 2024 6:11:13 PM
Post# 13480 of 13727
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174341318

The conversions to come is what is hanging over this stock. The CEO has demonstrated what they are capable of with what has essentially a pump and dump since November. Since September 30th 2023 they have issued 495,744,512 shares. That is what you call "making hay while the sun shines". 😆 While the CEO has been running the five infomercials since the beginning of the year GS Capital had 257,704,832 shares to dump priced at $0.00006 after the stay expired on February 15th. The March 22nd infomercial that generated 119 million in trading volume likely moved a lot of that. Those conversions helped set up the lows from which I expect either Adar Alef or SE Holdings to lock in a $0.00065 conversion price on some of their defaulted debt if they act by the 15th of May.

We are looking at a bit more than the 153 million shares that went restricted at the end of 2023 that will be vested by the end of June. That 153 million shares represents the 25 million issued for the media contract, 71.25 million issued financing fees for loans, and the 56.79 million issued for warrants. The first two are priced at $0.001 with the balance being recorded as paid in capital calculated from the share price listed above par. That is $25K towards the media contract and $71,250 towards the financing fees. We will see how well they do at the end of June but these are essentially free shares. They have a lot to do before the January bench trial for the GS Capital lawsuit when Blackstar could be on the hook for serious money not to mention their own legal bills being rack up. They also have the series of notes payable with maturities of less than a year starting from March 2023 to deal with.


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

During the year ended December 31, 2023, the Company issued shares of its common stock as follows:

• 845,162,311 shares for conversion of $200,432 principal and interest on convertible note payable.
  
• 71,250,000 shares valued at $266,063 as consideration for financing fees for loans made to the Company.
  
• 25,000,000 shares valued at $100,000 ($0.004 per share) as partial consideration for a media consulting contract.
  
• 56,788,923 shares for exercise of previously issued warrants at $0.0128 per share. The exercise price was revised to $0.00062 per share from $0.25 per
  share as per antidilution provision of the warrant agreement. The warrants were exercised on a cashless or “net” basis.

There is so much old defaulted debt that needs to be converted that it is remarkable that this went back into 3s. That was a walked up gift in my opinion and it looks like few took advantage to either bail or profit. This company has been promoting a trading platform for years that they aren't able to use and now has moved on to two new ideas penciled into the same template rolled out to once again promote the share sales. I see the latest two ideas as nothing more than paper at this point yet the CEO promotes it as developed viable product that may generate income at some point.

Last week was clearly not a good week to take conversions. 😆 It is also my guess that they aren't getting a good bid build yet either and what they need is volume. Today they updated the share count again dated for Friday the 3rd showing a zero increase. So why not on Friday the 3rd did they not date it the 3rd rather back date it to April 26th. Grabbing screen shots to bounce against filings again. We know that they omitted a November share count increase in their two December updates, details in post# 13663 liked below. We also know that the number for the float is not correct since the OS count on that date was 1,244,572,435 according to the Q3 filing. I do not trust their numbers.

We got 10,386,303 in the sell today column versus 2,610,331 on the buy and a walkup from 26 to 30 in the last half hour of trading. That dilution isn't going away. The latest three day period to lock in the $0.00065 conversion price is from April 18th to the 23rd. So twenty trading days would make that conversion price viable through May 15th. If they don't pull the trigger during that period it will be a while before the next opportunity for a decent conversion price versus the trading price. I doubt that they will waste the walkup they managed last week.



Bubae
Re: None
Saturday, May 04, 2024 6:02:41 PM
Post# 13663 of 13705
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174358707

Though I would like to know the actual date that isn't the problem. According to the chart on page 5 of the Q3 filing there were 1,244,572,435 shares outstanding as of September 30th. This is the same number of shares that were listed in the December 12th and December 22nd outstanding share updates on the OTC site. I have kept track of the update since I arrived on this board around November 26th so screen shots below. Why were the November conversions not included in at least the December 12th update and since we know they must have been issued prior to November 16th and why not an earlier update. We don't see a share count increase until January 5th 2024.

Yes, people should check your post history. The 52 week high of $0.0128 was November 27th do you still own "...a sizeable amount of the float..."? You should go elsewhere to promote your new find.

Who would buy these method patents. The trading platform isn't allowed to operate and the other two are nothing but paper at this point. None have demonstrated that there is a market for these ideas. What we know is that hundreds of thousands in defaulted debt still needs to be converted and that is what the present share structure is for. This CEO has been burning shares receiving relatively little in debt relief and has taken on another $614,000 in new notes since March 2023 that have maturities of a year and less. This CEO has controlling interest in this company through his ownership of the series "A" preferred shares. For him to realize a decent payout from any deal he would need to unload as much debt on shareholders as possible.


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

Page F-10
NOTE 5 – STOCKHOLDERS’ DEFICIT
Preferred Stock

The Company has authorized 10,000,000 preferred shares, with a par value of $0.001 per share. The Company issued 1,000,000 shares of its Series A Preferred Series stock to IHG in fulfillment of the purchase agreement. These shares are convertible at a ratio of 100 shares of the common stock of the Company for each share of preferred stock of the Company.


Page 61
BIOGRAPHICAL INFORMATION
Joseph E. Kurczodyna, Chief Executive Officer, Chief Financial Officer and Director

In 2014, Mr. Kurczodyna was one of the founders of International Hedge Group Inc. (IHG). In 2016, IHG acquired 44,400,000 shares of common stock and 1,000,000 Class A Preferred shares in BlackStar Enterprise Group Inc. As of December 31, 2020, IHG owned 4,792,702 shares of common stock and 1,000,000 Class A Preferred shares in BlackStar Enterprise Group Inc., and Mr. Kurczodyna became the controlling shareholder of IHG by issuance of super majority voting preferred shares.

Can't wait to see the filing. 😆 Should be a fun read. While you were talking to them did you ask why they can't get the regulation "A" offering off the ground after a year and a half. When is the split to support it?

There is a tool for that, it is called "Ignore This Member" My posts represent real due diligence for those conducting their own.

Interesting to note that while Blackstar handed over the 62 million shares to Adar Alef in November 2023 that they denied GS Capitals conversion requests that were made on November 2nd which triggered the costly lawsuit. Adar Alef really cleaned up while the stock was on its way to a penny. The time prior to that Adar Alef converted part of this same note in February and March 2022. The high in February 2022 was $0.0158 so they well with their 50% discount to market. The price declined considerably before they put together the New to the Street series launched June 2nd 2022 and by August 1st 2022 it managed a high of $0.0034 with less than 300 million shares outstanding. I'm sure Adar Alef understands what they are dealing with now that is is trading at the same level as the 2022 New to the Street series with the current 1.7 billion shares outstanding. The trading platform still can't be used and the two other method patents are nothing but paper at this point. We will see if the CEO can conjure up some more liquidity for them.



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.

It isn't about the loudest voices even if it is one. It is always about what the filings reveal. Today is may 5th, one year to the day the company has added 1,056,870,102 new shares. All but 104,643,939 of those shares came in Q2 and later when it looks like they were queueing up shares for the October festivities. We know that they have a total of five infomercials since the beginning of the year helping GS Capital sell more than 270 million shares priced at $0.00006 that were awarded from the lawsuit to date.

We know that Adar Alef converted $13,455 principal into 62,100,00 shares in November 2023 and has $364,079 in remaining principle. SE Holdings is sitting on another $220K in outstanding principle. Both notes are in default earning 24% interest and matured two years ago. That Adar Alef could have converted as late as November 16th given the conversion language and the stated price of conversions so they made a bundle of that $13,455 worth of conversions. Under the notes they are limited to 4.99% of the outstanding share count or more than 86 million shares per tranche. It would take more than six tranches to cover just the outstanding principle for Adar Alef alone.

During all this activity we now have a bead on the CEO's modus operandi. When he runs the infomercials he is supporting price and generating volume for the conversions. So we get the infomercial released on Facebook release on May 3rd and we see the 8K on Monday for the corporate governance method patent. We know that he likes to drop a OTC outstanding shares count update prior to conversions showing a zero count update. We got that last Friday the 3rd but it was backdated to Friday April 26th. That makes me believe that the conversions started the following Monday.

So we look at the conversions available and the note language and we see that due to walkup last Wednesday and Thursday that the 20 day period for pricing their conversions is locked in for this period. They got very little volume after the promos with only 6 million shares traded on Monday and less than 2 million shares traded on Tuesday. That needed walkup was manufacture on Wednesday and Thursday to make some space for the conversions in my opinion and really flagged for me what was going on.

If you are a new trader to this ticker just know what I have written and watch for them to burn through the tranche of shares they have. I'm watching for a period that would be the end of a 86 million share dump where they may sell it down to price in the next tranche. That would be where the CEO once again helps the price recover. Cycle and repeat but if the price declines they will need even more shares to cover.

At this point what does Adar Alef really care other than to clear this defaulted note. They made so much money off the November conversions that they are just scooping cream off the top at this point. I doubt that they will request more than one at a time because this the liquidity isn't there and they can reprice if it goes down. They will want to try and maintain price level because they have so much to convert so we will see how patient they are. It is rare that as a result of so much converting that a pattern has been established from which to predict the next round. A series of posts with details starting with post# 13665 linked below. Play their game knowing what they are doing and make some money. Happy trading.

Bubae
Re: None
Saturday, May 04, 2024 7:47:06 PM
Post#13665 of 13671
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174359031&txt2find=Capital%2Bconversions


For the quarterly period ended March 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000051/begi-20230331.htm.htm

As of May 5, 2023, there were 683,446,845 shares of the registrant’s common stock, $0.001 par value, issued and outstanding, not including shares reserved for conversion of notes.

During the three months ended March 31, 2023, the Company issued shares of its common stock as follows:

• 104,643,939 shares for conversion of $33,927 principal and interest on convertible notes payable.

If you take a look at the setup it has been a big fail so far. On Tuesday we had someone reveal that the latest infomercial was released on Facebook and it took three days to land on this board. It appears that the video was released on Facebook on April 26th (dumb). Monday the 29th they released the 8K for their latest idea plugged into their blockchain method template "corporate governance". The result was 6 million shares traded on Monday and less than 2 million shares traded on Tuesday. Looks to me like they needed to manufacture a runup on Wednesday and Thursday and it worked to get price level. We know from the previous four infomercials that when the CEO promoting they have new conversions in hand.

I expect one of the two note holders took advantage of this 20 day conversion window that has maybe nine days left to convert at $0.00065. Blackstar updated the share count on Friday showing a zero share increase and back dated it to the 26th of April. I suspect that someone converted probably on Monday with promotion and quickly found out they they won't be moving multiple tranches of conversions. With the 4.99% blocker they could request up to 86,841,815 shares per tranche which is a lot anyway. I doubt that anyone would request more than one tranche, though they could, because they can recalculate based on the lowest subsequent trading while they convert. They could burn the remaining shares of a tranche to drop the price to new lows from which to calculate the next conversions. They have plenty of room, they are getting their shares at $0.00065 and they have a CEO who is actively promoting with these infomercials.

Bubae
Re: Short Squeeze post# 13485
Thursday, May 02, 2024 8:20:11 AM
Post# 13499 of 13664
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174343438

Another example of why you can not trust what this company posts on the detail page at the OTC markets site. I'm looking at that November conversion price of $0.0002167 and the chart to determine what twenty day period could they have locked in the three lowest closing bid prices. I find that the latest date that they could have locked in a price even close to that would have been the 16th of November. By October 27th the closing price was already $0.001 after the press release on the 24th. December 16 would have been pretty close to have been included in the subsequent events section of the Q3 filing since the 16th would have been on a Thursday and the Q3 was filed the following Monday the 20th.

Though I would like to know the actual date that isn't the problem. According to the chart on page 5 of the Q3 filing there were 1,244,572,435 shares outstanding as of September 30th. This is the same number of shares that were listed in the December 12th and December 22nd outstanding share updates on the OTC site. I have kept track of the update since I arrived on this board around November 26th so screen shots below. Why were the November conversions not included in at least the December 12th update and since we know they must have been issued prior to November 16th and why not an earlier update. We don't see a share count increase until January 5th 2024.

For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm

Page 13
NOTE 10 – SUBSEQUENT EVENTS
The Company has analyzed its operations subsequent to September 30, 2023 through the date that these financial statements were issued, and has determined that it does not have any additional material subsequent events to disclose.



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

Page F-13
NOTE 7 – CONVERTIBLE NOTES (continued)
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.

Did you really take declaes's word for what they said after two and a half years of BS they have spewed on this board? Maybe you should have asked for the source for the information that they posted or given their history, dismissed it out of hand. 🙄

We have detailed information for the two convertible notes for Adar Alef and SE Holdings in the annual. It would appear that these notes are in default earning the 24% interest and was the case in the 2022 annual filing as well. There had been some abatement payments made in 2022 on the defaulted notes but all we know for certain at this point is that there $584,079 of principle left through April 15th with no related comments in the subsequent events section of the annual.
Also listed in the annual is a conversion

Something else we know from the annual is that Adar Alef converted $13,455 principal into 62,100,00 shares in November 2023. There is no mention of this in the Q3 2023 even in the subsequent events section which updates to the filing date of November 20th. The closing price on the 20th of November was $0.0098. Get some idea where the trading losses went during that period?

Converting that 62 million shares at a penny would be $620,000 with Blackstar getting $13,455 in debt relief. Watch the share burn continue for the next couple of weeks this time with conversions at $0.00065. That $0.00065 price is for Adar Alef with a 50% discount to the average 20 day closing bid price. SE Holdings on the other hand can calculate theirs based on 50% discount to the average 20 day trading price

Keep in mind that these lenders are already making good money on these notes at 24% default interest. Now that principle and interest is being converted at a deep discount to market.


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

SE HOLDINGS LLC Current principle balance $220,000

On January 26, 2021, the Company entered into a financing agreement with SE Holdings LLC to borrow $220,000. The note bears interest at 10%, with a default rate of 24%, and is convertible, at any time after the date of issuance. The conversion price is to be calculated at 50% of the average of the three lowest trading price of the Company’s common stock for the previous twenty trading days prior to the date of conversion. The lender agrees to limit the amount of stock received to less than 4.99% of the total outstanding common stock. Interest expense recorded for 2023 is $496,157.

The Company has recorded interest on the note at the default rate of 24% from the maturity date of the note through December 31, 2023.

On April 27, 2022, the Company entered into an Amendment and Abatement Agreement (“Abatement Agreement”) with SE Holdings and Adar Alef (collectively “the Parties”) to address the Company’s default on the two outstanding convertible notes between the Parties, consisting of the remaining $473,500 principal balance to Adar Alef and face amount $220,000 note with SE Holdings.


ADAR ALEF, LLC Current principle balance $364,079

On April 29, 2021, the Company entered into a financing agreement with Adar Alef, LLC (“Adar Alef”) to borrow $550,000. The note matured on April 29, 2022. bears interest at 10%, with a default rate of 24%, and is convertible at the option of the holder, at any time after the date of issuance. The conversion price is to be calculated at 50% of the average of the three lowest closing bid prices of the Company’s common stock for the previous 20 trading days prior to the date of conversion. The lender agrees to limit the amount of stock received to less than 4.99% of the total outstanding common stock.

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.

You are typical drive by whiner who quotes me without a link for context. saying that it would never get past 2 would be foolish. A typical post below for the context that you omitted. March 22nd with a another infomercial and 119 million shares traded. Thirty minutes into the trading day I said it had the potential to see $0.0019 and that it where it closed with only a few trades at 2. GS Capital owned the high teens after clearing it out because traders hold and buy when this CEO is personally promoting. Good job on getting those shares priced at only $0.00006 into the market. GS Capital made a bundle off of what will become someone's losses. So pick a number say 1 million shares with conversion price of $0.00006 sold at $0.0016 would be $1600. The debt relief that Blackstar got from that transaction would have been $60. Same number at $0.0019 is $1900, same 60 bucks. 😆 You don't see that kind of a spread very often, Wow 🙄


Bubae
Re: None
Friday, March 22, 2024 10:02:20 AM
Post# 12266 of 13656
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174091136

The spread at the end of the day was 3 to 34 with a 6,000 share buy at 33 twenty seconds before close. They did a good job walking this up with promotion, only 2 days, 64 million shares after the 2 million share day on Tuesday. Gives you a good idea of how many shares GS Capital dumped on the March 22nd infomercial where 119 million shares traded for the day.

Bet they file the quarterly late like the Q3 2023. They won't show what they converted any earlier than they need to. Just got the OS update this morning which is dated last Friday, April 26th showing zero increase from the April 8th update. Much like the December 22nd update on the Friday before Christmas which showed zero increase in the share count from its previous update which was December 12th. The next update was 14 days later, 7 trading days, on January 5th revealing 300,124,013 share increase with 153,350,000 being restricted. The closing price Friday December 22nd was $0.0087 and the closing price for January 4th, the day before the next update was $0.0019. Pretty sure that you all will be in the dark while they promote and dump the next tranche of conversions.

Bully, really? I guess revealing what is going on with this stock using the filings fits the definition of ... habitually seeks to harm or intimidate those whom they perceive as vulnerable... How about informing the vulnerable and uniformed that their money is about to be taken. My post below on December 22nd. That day the opening price was $0.0087. The 22nd was a Friday before Christmas, so only seven trading days latter it had fallen more than 70% to a close of $0.0019. My only mistake was assuming that these lenders were observing the holding period. They weren't and this CEO had actually issued more shares during Q4 to dump and of course we didn't get to see that until the annual. I would have been proud to have so called "bullied" traders at the time to sell or not buy on the Friday before Christmas. And guess what, those who had me on ignore lost their azz. Get ready, I believe that yo all are about to get hit again. 😆

You can bet the deed will be done again before they release the quarterly. Look for the CEO's face in another infomercial soon to move those shares. With the 4.99% equity blocker and outstanding share count they could receive a little more than 86 million shares per tranche for each lender. You all realize how much GS Capital made selling more than 257 million shares priced at $0.00006 since the beginning of the year. The CEO is selling shares to pay for the media productions that maximizes the return for these predatory lenders. Nice deal if you can get it and we all know that retail traders of this stock will pay the bill.

What they have is paper. They don't have a working model for anything that they can use. It is a method patent base on Amazons product and they aren't even using it with Blackstar's stock. He has been selling shares off the trading platform idea for years and still isn't allowed to use it. What he has done now is quickly roll out another coupe of ideas to promote using the same template. Same game, running informercials and selling shares. The terms of the notes are terrible and they aren't getting but a pittance for debt relief.

Last year when this promotion started Diagonal lending had received nearly 600 million of the 698 million shares issued at an average conversion price of $0.00017. Then GS Capital lawsuit was filed and since they have received more than 257 million shares priced at $0.00006 so far. That is done for now so next up are the two large notes outstanding that could be worth north of $800K with three years of interest included. They have a window here to lock in a conversion price of $0.00065 so we will see what happens. Good luck.


Bubae
Re: Savannah-Marc post# 13417
Tuesday, April 30, 2024 1:00:04 PM
Post# 13419 of 13602
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174330837

Well never mind that the trading platform method patent is not allowed by regulators. Even with that the method patent according to the company text "...Significant elements of our intended products and services are based on unpatented trade secrets and know-how..." It sure doesn't sound like a strong position to defend for 20 years in the age of AI. Some links to info in post# 13005 below. From what I see they will be blowing out the rest of the current share structure in 2024 so expect trips again, not dollars.

New share count update as of this morning with zero increase. See the date? April 26th! Why isn't it current? Stand by because it looks like those conversions were probably done this week to take advantage of the 20 day window. The CEO has a media contract to the end of May so get ready for yet another round of promotion and dilution. Perfect setup don't you think?

Bubae
Re: Short Squeeze post# 13485
Thursday, May 02, 2024 8:20:11 AM
Post# 13499 of 13595
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174343438

It is a mystery that only time will answer for sure. It appears that GS Capital dumped those shares as they received them while those CEO put out the infomercials. According to the annual GS Capital acquired the 257,704,832 shares they were owed at $0.00006 a shares. That is only $15,462 against the remaining principle balance of $33,682. Waiting for the quarterly filing to answer some questions about that. The holders of the two much large notes that matured two years ago sitting it out again? 🤔

The clock may be ticking on these immediate share dumps after conversion. The SEC has been working on Rule 144 holding period amendments for some time. These amendments were to be formalized April 2024 and are now scheduled for October 2024. This rule 144 holding period amendment should codify what the SEC has been enforcing since 2022 charging toxic lenders with failing to register as dealers. These two holders of notes that could be worth more than $800K now with interest will not be able to move that paper overnight.

I filed a complaint with the SEC thinking maybe they would look at these share dumps especially considering the very deep discount to market they are getting leaving Blackstar with a pittance of debt relief by comparison. This CEO maybe able to skirt the rules claiming to be promoting his "brand" with these infomercials but what he is really doing is selling those conversions in my opinion. Meanwhile he is aggressively promoting a trading platform that not even Blackstar is allowed to use.


SEC Publishes Fall 2023 Regulatory Agenda
Posted on December 7, 2023
https://www.knowntrends.com/2023/12/sec-publishes-fall-2023-regulatory-agenda/

Selected Proposed Rules. In this Regulatory Agenda, the SEC has moved the target date for proposing rules for Corporate Board Diversity and the Rule 144 Holding Period, from April 2024 to October 2024,...


Stock Issuers & SEC Taking the Fight to ‘Toxic’ Lenders
by Howard Mulligan August 15, 2023 in Financial Services
https://www.corporatecomplianceinsights.com/sec-toxic-lenders/#:~:text=Since%20early%202020%2C%20the%20SEC,required%20by%20the%20Securities%20and

These actions have resulted in substantial civil fines, disgorgement procedures, suspensions as penny stock dealers and cancellations of the underlying convertible notes. Inspired by these SEC actions, issuers have begun to proactively commence lawsuits to rescind these transactions. In response, courts have issued equitable orders returning the illicitly issued shares to the issuer or, alternatively, ruling that the issuer is to receive the dollar value of such shares.

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

Page 5
HISTORY
Definitions
BlackStar Digital Trading Platform TM (“BDTP TM”): a digital Electronic Fungible Shares trading platform enabling the trading of BlackStar common shares in electronic fungible form. (The BDTP TM has not been approved by any regulatory agency or broker dealer and is not currently operational.)

Your funny, I'm not down anything. The 52 week high of $0.0128 was November 27th do you still own "...a sizeable amount of the float..."? 😆


Savannah-Marc
Re: ice trader post# 4303
Wednesday, November 29, 2023 10:33:21 PM
Post# 4442 of 13310
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173325037
My dude, if you sold out of BEGI and stated you moving on, then why the fock you still here pissing and complaining and trying to shoot down Blackstar. Are you trying to save the little guy investor and make us beware the Blackstar or are you really just trying to scare up more shares and knock the price down??? The more you bash, the more I make, I own a sizeable amount of the float. Your fear tactics only encourage those like me to hold and accumulate more shares.
BLACKSTAR TO $5 A SHARE!!!!!
PLEASE BASH BEGI MORE, IT ONLY SHOWS THAT YOU'RE HERE AND WITH AN AGENDA!!!!!

You may see some serious profit taking as sellers fear losing out to dilution. But it looks like that 7 million share dump got everyone's attention. The volume died and I even see quite a few 5K and 10K trades to keep it active. We will know when they update the share count and they won't until they are done with what they have in my opinion. Q1 in a couple of weeks for details. Meanwhile they can cash in those conversions at $0.00065 for another nine days before the calculated price goes up. I don't know where the new money came from but this quick runup offers a nice opportunity for those conversions.



Bubae
Re: Short Squeeze post# 13485
Thursday, May 02, 2024 8:20:11 AM
Post# 13499 of 13570
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174343438

Nope, 19 trades there at 12:08 for 6.9 million shares selling it down from $0.0031 to $0.0025. Then bought right back up to $0.0029 with only 133K shares like it never happened. 😆 What does that look like? You need better tools.

Nearly 7 million shares dumped down to $0.0025 at 12:08. Four dumps totaling 13 million shares of the 22 million traded so far today. Who might be taking out the bid as it builds? 😆 lets see, $4,500 in debt reduction at $0.00065 for a clear profit of $15,000. $4,500 doesn't put much of dent in those two big notes.

All opinions on these boards are crap. That is why I quote from the filings complete with the links. It is called due diligence. Want to debate the print from the company or simply engage in childish personal insult?

I'm crushed, I value your constant single line comments so much. 🤣 Two things aren't going away friendo, those conversions and my posts talking about it. Nine days left for the two holders of these large notes to lock in some of their conversion at a price of $0.0065 if they haven't already. The last share count update was April 12th.


Bubae
Re: None
Wednesday, May 01, 2024 6:11:13 PM
Post# 13480 of 13534
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174341318

Explain how my posts would ever benefit the conversions for GS Capital? That is a nonsensical statement. It is very rare that I make positive statements about these trashy OTC stocks. I spoke highly of Omid Holdings Inc ($OMID) back is late 2022 and early 2023. The company had zero convertible debt, only 96 million shares outstanding and of that only around 65 million shares were in the float. They had nice revenue for Q1 2023 of $436,697 with cash on hand at the end of the period of $224,379. Then the Q2 report was dropped and the revenue number was $8,523 and cash at the end of the period dropped to $89,972. No explanation for the quarter. They are all trash in my opinion and none are worthy of promoting. Those who do are simply trying to con the next fool for their flip in my opinion.


Greater fool theory
https://en.wikipedia.org/wiki/Greater_fool_theory

In finance, the greater fool theory suggests that one can sometimes make money through the purchase of overvalued assets with a purchase price drastically exceeding the intrinsic value if those assets can later be resold at an even higher price.

In this context, one "fool" might pay for an overpriced asset, hoping that they can sell it to an even "greater fool" and make a profit. This only works as long as there are enough new "greater fools" willing to pay higher and higher prices for the asset. Eventually, investors can no longer deny that the price is out of touch with reality, at which point a sell-off can cause the price to drop significantly until it is closer to its fair value, which in some cases could be zero.

Nice to have you back even if it is a juvenile drive by. You were wrong in your December post, I didn't show up here until it was trading above a penny. Second, the price the day before your dim wit comment on December 23 was a high of $0.0087. By January 4th the dilution dumped this down to $0.0019. The dilution is far from over. Next up is the two large notes which could be worth more than $800K at this point. Stay tuned.


WorkinGreen
Re: burner67 post# 1918
Saturday, December 23, 2023 9:15:33 PM
Post# 7977 of 13534
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173494881
Correct me if I am wrong bubae but you and your dynamic duo and aptly named side-kick… burner67… have been advising retail traders not to buy $BEGI since it was sitting at a price of .0007 and below. Is this correct?

There seems to be good reason to doubt the accuracy of your assessments/interpretation of events. You seem overtly biased.

Just a thought.


Bubae
Re: None
Wednesday, May 01, 2024 6:11:13 PM
Post# 13480 of 13534
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174341318

Another million shares dumped there at 10:41. Looks like when they get some volume above $0.0029 they dump it back to $0.0029. 3.5 million shares dumped at 10:04 back to $0.0029. That would be a very nice return on shares priced at $0.00065. 4.5 million shares would retire $3K of debt and bank $10K of profit at $0.0029. Nice.

Nice dump there of 3.5 million shares at 10:04. Conversions or retail profit taking? Pump and dump in progress, did the get their $0.00065 conversions? Fun to watch. 😆 They need to get much better volume. They could request 86 million shares per tranche with the 4.99% limit against the current outstanding share count.