BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Something like a two day total of 7.5 million shares off this last infomercial. That is a sad showing after the March 22nd 118 million shares traded off of the previous infomercial. That day made it crystal clear what is going on and that is what it takes for OTC traders for some reason. Clearly they didn't get the new money to step up so one has to wonder if they will take it down another notch before the annual is revealed.

We now have four infomercials since this hit $0.0019 on the slide back down January 4th and it is still trading at and below that level. It isn't often that you see toxic note holders moving this much paper banking that much profit while the company gets but a pittance of debt relief. No wonder Blackstar has a lawsuit, another note in default and two other very large notes two years past maturity now. Details in post# 12708 linked below. The annual filing will be a fun read this weekend if they get around to releasing it.

Bubae
Re: SorcererDiviner18 post# 12696
Tuesday, April 02, 2024 7:10:58 PM
Post# 12708 of 12946
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174163036

Well OK, lets step through this. My comment that they aren't able to get their debt refinanced is based on a bit of conjecture and I usually can point to the direct words of the company as evidence. To say that they aren't able to get refinanced is to give them the benefit of the doubt and not say that they are really ignorant when it come to finance. Blackstar claims to be in the Merchant Banking business and the CEO biographical information suggests that he does know something about financing.