BlackStar Enterprise Group Inc (BEGI)

[Bubae]

More misinformation about the new shares being issued. We have 300,124,013 shares added dated January 5th. We have another 62,027,333 shares added per the update of February 2nd. There may be a lull in the selling activity but the future is full of conversions that were queued up before the restraining order preventing Blackstar from trading any shares since mid November. Unless these insiders see something I don't it was incredibly stupid to not hand over the GS Capital shares when requested. Blackstar is in a spot if they can't con new money to buy that paper that is coming from the lawsuit alone. Then when the restraining order is lifted there will be the defaulted Quick Capital note and the large notes in the S-1 offering to contend with. They could have stopped with the discussion of the single lawsuit but they go on to further say that '...the Company could be exposed to further risks of lawsuits for similar issues.'

Well I have to admit I have heard bashing here every month that said there were new shares being issued constantly, when in fact there were none. That's just 1 very negative thing to attack with, considering the reports always show zero.\

FORM 8K January 11, 2024
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm

...At the outset of the case, a temporary restraining order was entered preventing the Company from trading any shares...

The Company may need to increase the authorized shares of common stock in order to accommodate any continued conversions, judgments, or settlements, and the Company could be exposed to further risks of lawsuits for similar issues. The Company will also expend additional resources in the ongoing litigation and any potential resolutions outside the above-reference conversions to common stock (which were already contemplated in the original convertible promissory note), negatively impacting its financial position.



Bubae
Re: J2003 post# 9205
Monday, January 08, 2024 6:02:05 PM
Post# 9208 of 11888
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173586956

Love it, Finally updated the OTC outstanding share count and we find an additional 300,124,013 shares added. 🤑 We also see that the restricted increased by 153,350,000 so what was added for current trading was about 146,774,013.

Bubae
Re: None
Tuesday, February 13, 2024 8:21:41 AM
Post# 11514 of 11888
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173833062

Outstanding share count increase dated February 2nd for an additional 62,027,333 shares. This number closely matches the second tranche number stated in the 8K...

Bubae
Re: None
Saturday, February 17, 2024 11:01:15 PM
Post# 11676 of 11888
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173871786

Might want to consider what I was saying back in December about the holding periods for these note conversions. Post# 7964 dated December 23rd details the issuance periods and when groups of shares may become available based on outstanding share count figures taken from the filings...