BlackStar Enterprise Group Inc (BEGI)

[Bubae]

These social media promoters have been very effective getting the first tranches of the 698 million shares issue sold. They have likely made well over a $million so far off that $116K in converted debt and still have more than 400 million shares yet to be vested. The key tactic that has been deployed in recent weeks are those who cite conversations with the CEO claiming future media events, price targets, patent valuation, etc. This is very effective in convincing shareholders to hold which allows those selling the news shares to own the bulk of the selling. I would have to believe that these nefarious activities will be followed up on by someone with oversight responsibilities.

BlackStar was contacted in 2019 by the OTC to comment on suspicious social media promotional activity supporting a large toxic lender dump. I linked my post below detailing this period. Since that time the SEC has gone after toxic dumping resulting is changes. The SEC also has developed a team who monitors social media for such nefarious activity.

Bubae
Re: burner67 post# 7595
Wednesday, December 20, 2023 6:03:00 AM
Post# 7632 of 7722
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173465693

Our Company, BlackStar Enterprise Group, Inc. (OTC QB: BEGI) (“the Company”) wishes to address recent promotional activities of which we have been made aware, pursuant to a request by OTC Markets. On October 4, 2019, we received correspondence from OTC Markets alerting us to the presence of promotional campaigns regarding our publicly traded common stock.