BlackStar Enterprise Group Inc (BEGI)

[Bubae]

In my very first post here I showed the dilution in progress and quoted from the filings with links as usual. Posts below for my first three days with the 52 week high of $0.0128 occurring on the 28th. This for me is a very entertaining stock to watch. Lets face it the OTC contains the worst of the worst companies in the market who must help toxic lenders fleece traders to stay funded. It isn't however often that you see this kind of carnage resulting in obscene profit for these toxic lenders with the company receiving but a relative pittance in debt relief.

How many of these stinky pinks get sued for the non-delivery of requested share conversions. How many companies get slapped with a restraining order preventing them from selling any shares. How many companies have been so successfully promoted that they run from $0.0003 to a high of $0.0128 on really nothing. The company has zero revenue and a product that cannot be monetized under current rules governing securities. Traders knew this just days prior to the runup when this traded as low as $0.0001. It is also why Blackstar issue 698 million shares to retire only $116K, that is $0.00017 a share. This is good drama.

That is how a company is supposed to be valued, right. Based on potential earnings? Even if the product was allowed I question if anyone would actually use it. Read the S-1 prospectus that describes the trading platform and ask why anyone would use it. Infomercial #2 linked below go to about 4:15 in the segment when the interviewer asks a rare relevant question, who would use the platform? The CEO gives a general non-answer of "everybody" then quickly pivots off the subject. Very telling for me. But if you throw that word blockchain around these days traders get excited! 🤩

So some watch football all evening, I enjoy the drama and marvel at how so many can lose so much money when so much information is available. The SEC requires at least some transparency but they can't force you to read it. Or believe it for that matter. 😆


Bubae
Re: None
Sunday, November 26, 2023 10:39:31 PM
Post# 3848 of 12149
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173298416

Someone came to another board to promote this stock which prompted a cursory look. When I see heavy promotion for an OTC stock I look to see what shares have been issued and when. Looks like some lenders will be making very nice bank if this interest continues.

Bubae
Re: AKATITUS post# 3859
Monday, November 27, 2023 12:01:19 AM
Post# 3862 of 12149

I just see promotion here based on a "system and method" patent that looks dubious to me in terms of monetization. I would have to agree with that poster. I think I will pass, frankly I believe you have seen your run. Between those conversion shares and those who want to lock in their gains, when it turns it will likely turn hard. Just another view point to temper the emotional fervor. This is the OTC when it looks too good to be true you can bet your losses that it is.

Bubae
Re: dinogreeves post# 4034
Tuesday, November 28, 2023 9:31:16 AM
Post# 4084 of 12149
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173308432

Some dilution? 😆 Not only has the nine month dilution leading up to this been huge is has an average conversion price of .00017. 698,077,221 represents 44% of the current outstanding share count. That is not normal. Timing for the October 24th press release and the subsequent social media attention is no coincidence given the 180 day vesting period for unregistered securities..