BlackStar Enterprise Group Inc (BEGI)

[Bubae]

We are looking at 454,279,436 new shares issued between June 14th and September 30th. From comments on this board we know that the outstanding share count has been static for October and November. These shares were issued in a series of tranches through this period with an average price of roughly $0.00017. Consider the six month holding period and we find that these shares should become eligible soon on a rolling basis through Q1 2024. Now, there is also the other conversions in the pipe line with the offerings right? Exactly the kind of activity that drove the trading to $0.0001 in October.


AMENDMENT NO. 10 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.otcmarkets.com/filing/html?id=16735041&guid=f5J-kKvIC1xEdth#BLACKSTAR_S1A10_HTM_a_04
Based upon 790,292,999 shares of common stock issued and outstanding as of June 14 , 2023, not including reserve shares, warrants outstanding, or convertible preferred shares.
For the quarterly period ended June 30, 2023
https://www.otcmarkets.com/filing/html?id=16861200&guid=v0J-kFrm_AM4B3h


For the quarterly period ended June 30, 2023
https://www.otcmarkets.com/filing/html?id=16861200&guid=f5J-kKvIC1xEdth
As of August 4, 2023, there were 1,134,572,435 shares of the registrant’s common stock, $0.001 par value, issued and outstanding, not including shares reserved for conversion of notes.

August 4, 2023 1,134,572,435 less June 14, 2023 790,292,999 = 51 days and 344,279,436 shares issued

November 1, - 1,244,572,435 less August 4, 2023 1,134,572,435 = 57 days to beginning of October 110,000,000 shares

Bubae
Re: burner67 post# 7342
Sunday, December 17, 2023 12:02:28 PM
Post# 7348 of 7381
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173445998

Additionally, convertible note issuers with a track record of driving toxic financing deals generally limit the holding period on their notes to six months for SEC-reporting companies. The Securities Act of 1933 requires all unregistered securities acquired directly from the issuer to be held for at least six months, which is why a six-month timeframe is often given as the holding period on toxic debt.