I understand and there’s no denying that the stock has been diluted over the past few years, but running the business is not free and as a company with no revenue, how else do you expect them to pay for expenses?
Per the 10k: “The Company used new and existing fundings to maintain operating activities and complete software development and patent filings with the USPTO for its digital trading platform.”
The CEO doesn’t do promos with “infomercials”. As any company must, BEGI must market themselves in order to reach a wider audience which encompasses both potential clients and investors. And marketing is NOT FREE.
As per the 10k: “In 2023, the Company issued, as partial consideration, 25,000,000 shares of its common stock (valued at $100,000) to a media consulting firm for investor relations services under a six-month agreement through May 2024.”
And yes there was a substantial increase in shares added in 2023, but business operations have materialized considerably compared to previous years so you can expect an increase in a need for funding.
As per the 10k: “During 2023 the Company incurred legal fees for litigation and settlement of issues with convertible debt holders which were not incurred in prior years, in addition to recurring costs for SEC regulatory and statutory filings matters.”
All in all, I will say that the CEO needs to find a way to move away from toxic lending. I’m quite confident that the company will be able to start getting companies to subscribe to two of their platforms this year and hopefully start making some money which will be a huge accomplishment.
As per the 10k: “The Company plans to offer its Private Funding and Corporate Governance Blockchain to individual private companies in 2024.”
I am invested in BEGI and while it’s a not all rainbows and sunshine, I do believe that there’s more good than bad with this company and the potential here is definitely worth something!