Stargaze Entertainment Group Inc (STGZ)

[EHRjunkie]

I've been following this company for some time thinking it could be a good investment. Glad I didn't. Had my doubts already. Yesterday they filed the financials for the second quarter, ending may 31st:

"On June 13, 2018, the Company authorized the convertion at the ratio of 1 to 150,500,000 shares of its $0.001 par value preferred stock to Get It Tunes Agora, Inc. The Company issued 75,000,000 shares of its $0.001 common stock.

On June 13, 2018, the Company authorized the convertion at the ratio of 1 to 150,500,000 shares of its $0.001 par value preferred stock to Tony Green Organization Records Ltd. The Company issued 75,000,000 shares of its $0.001 common stock."

Yep, you're reading it correctly, they diluted at a conversion rate of 1 to 150 million. Beneficiaries are Tony Green and Nikitas Tsoukalas. Both men sold their companies (Get it tunes Agora and Tony Green Records) to STGZ, but that already happened in 2014. Both transactions were paid for in 2014 in STGZ shares.

So this is a classic example of f..ck the small shareholder. The company has no revenue and no working website (Starflic.com).

My best advice: TIMBERRRRRRRRRRRRRRRRRRRRRR