BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Of course they could settle before the bench trial date. GS Capital has a contract in hand for the loan with nasty terms designed to motivate repayment. Apparently Blackstar objected to handing over shares with a conversion price of $0.00006 but who's fault is that? Take a look at the press releases for 2023 prior to the beginning of the October promotion push in my post# 13005 linked below. The same narrative for years of a trading platform that Blackstar isn't even able to use. March 2023 "...there can be no assurance that such regulatory approvals will be obtained in a timely manner or at all...." and "...The BDTP™ is not yet functional and may never be functional...." this is why traders had this down to $0.0001 just days before the October press release. So the CEO at that time effectively helped drop the price. From October on he promotes and takes care to avoid the subject of product efficacy.

So while he is issuing press negative press releases with factual information what is he doing? He registers $125K with the FORM D in May. First nine months of the year he hands out 698 million shares for conversions priced at an average of $0.00017 a share with all but 104 million from Q2 on. Then he starts writing a series of what became eleven smaller notes beginning in March and running through November for a total of $425K. All of those include free shares as sweeteners. They got the notice of effect for the S-1 offering in July for two notes with current principle balances of $584,079 that mature two years ago. With interest those would be worth north of $800K now. In July they "...approved and authorized the issuance of shares..." for insiders totaling 154 million shares. Keep in mind that this company has zero full time employees. GS Capital made their request for shares on November 2nd adding even more to the pile had Blackstar handed them over. What Blackstar didn't anticipate was the restraining order of November 9th that prevented Blackstar from trading shares.

So why are they queueing up all these shares while at the same time helping to bust the price to $0.0001 for the ridiculous conversions? He didn't have to issue any press releases during the period. He then flips the switch and goes into promotion mode complete with issuing shares for "media consulting contracts". He recruited professionals to help maximize the return for these toxic note holders which also maximized the losses for those trading the stock. Get ready now because when the restraining order is lifted it will be game on again. 😆

I do not believe in coincidences with regard to these trashy pink sheet tickers and I do not give the benefit of the doubt to those who run them. This is a con man peddling trash in my opinion and those trying to flip it will continue to pay the bill.


Bubae
Re: None
Monday, April 15, 2024 9:11:48 AM
Post# 13005 of 13018
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174237993


$125,000 FORM D registration
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000054/xslFormDX01/primary_doc.xml

For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm


AMENDMENT NO. 10 TO FORM S-1
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000063/blackstar_s1a10.htm


For the quarterly period ended June 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000073/begi-20230630.htm

NOTE 10 – SUBSEQUENT EVENTS
On July 1, 2023, the Board of Directors approved and authorized the issuance of shares of the Company’s common stock as follows:

• 1,000,000 shares to Robert LaPointe as a Director of the Company.
  
• 2,000,000 shares to new officers of the Company.
  
• 1,000,000 shares to new advisors of the Company.
  
• 150,000,000 shares reserved for issuance pursuant to a stock option plan to be adopted by the Company.