BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Update on the rollout of the 698 million shares converted at $0.00017. It makes sense to me that they walked this up this past week because the tranches of new shares that are becoming available this week. I refined the number of shares available and I narrowed down a time spaces as well. We see 790,292,999 shares outstanding for June 14th per the S-1 offering and 1,034,080,127 as of June 30th per the quarterly filing. That two week period between June 14th and June 30th yielded 243,787,128 new shares issued. The six month holding period would move this time slot to begin this past week. Next we see 100,492,308 shares in two tranches issued in July per the subsequent events note in the June 30th quarterly filing. I next have an August 4th date showing 1,134,572,435 shares outstanding and another showing 1,244,572,435 as of November 1st which is also the current outstanding share count. Those two values show that 110,000,000 new shares where issued during that period.

When we add those three groups up we find that 454,279,436 shares will become eligible on a rolling basis in tranches per the issuance schedule. We know that the outstanding share count hasn't changed since October 1st according to other posts on this board. So take the June 14th date and the October 1st date and we see that the rollout period for those shares was 14 weeks. So we are looking at 698,077,221 shares issues from Q1 through Q3 with an average conversion price of $0.00017. with 454,279,436 becoming eligible through Q1 2024. With that we find that only 243,797,785 shares should have been eligible that being 35% of the total.

So either these two toxic lenders are not observing the holding periods and courting attention from the SEC or this ticker is about to get hammered in Q1 2024 in my informed opinion. Notice in the charts that the conversion value entered is based on the par value ($0.001) of the stock and not the actual conversion price. Next up are the offerings and others, we are just getting started!

For the quarterly period ended June 30, 2023
https://www.otcmarkets.com/filing/html?id=16861200&guid=VcJ-kpd9M-zKJth

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.

NOTE 10 – SUBSEQUENT EVENTS

In July 2023, 1800 Diagonal Lending LLC made a $16,830 partial conversion, in two tranches, of the principal portion of their October 31, 2022 note into an aggregate 100,492,308 shares of the Company’s common stock at conversion prices of $0.00013 and $0.0002 per share under the conversion provision and terms of the note agreement.

Common Stock
During the nine months ended September 30, 2023, the Company issued shares of its common stock as follows:

> 698,077,221 shares for conversion of $116,725 principal and interest on convertible notes payable.

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

ITEM 5. DETERMINATION OF OFFERING PRICE
As of June 14 , 2023 and December 31, 2022, there were 790 ,292,999 and 546,495,214 shares of common stock issued and outstanding, respectively.