BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Meanwhile those who listened to the "... the poorly paid scum sucking reprobate bashers who so vilely inhabit the nether regions of this board..." since this was trading above a penny saved themselves a lot of money and grief. 😆 Ever see a CEO conduct such a media blitz using his own face to move so many conversions price at such a spread to market. Do you think it was necessary for him to personally get out there to ensure that these toxic note holders turned a profit off those shares priced below $0.0002? You all were duped plain and simple.

This isn't about you bag holders anyway, what Blackstar need is new money and a lot of it. Read a filing to see the very old debt that still needs to be moved. What this CEO is doing is making hay while the sun shines. Been saying this for months and it is true. Looks like clouds are gathering however, 119 million shares traded off the March 22nd infomercial and only 3.4 million with the April 10th infomercial. This game of fools has tagged you as the greater fool from what I see.


For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm

During the year ended December 31, 2023, the Company issued shares of its common stock as follows:

• 845,162,311 shares for conversion of $200,432 principal and interest on
  convertible note payable.
  
  
• 71,250,000 shares valued at $266,063 as consideration for financing fees for loans made to
  the Company.
  
  
• 25,000,000 shares valued at $100,000 ($0.004 per share) as partial
  consideration for a media consulting contract.
  
  
• 56,788,923 shares for exercise of previously issued warrants at $0.0128 per share. The exercise price was revised to $0.00062 per share from $0.25 per share as per antidilution provision of the warrant agreement. The warrants were exercised on a cashless or “net” basis. Accordingly, the Company did not receive any proceeds from the warrant exercise. The cashless exercise of the warrants resulted in the cancellation of previously issued warrants to purchase an aggregate of 148,000 shares of common stock.
  
  In 2024, GS Capital filed notices of conversion and were issued, in three tranches, 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share on their note of October 11, 2021. (See “Item 3. Legal Proceedings” for additional information related to GS Capital Partners).
  
  
  Greater fool theory
  https://en.wikipedia.org/wiki/Greater_fool_theory
  
  In finance, the greater fool theory suggests that one can sometimes make money through the purchase of overvalued assets with a purchase price drastically exceeding the intrinsic value if those assets can later be resold at an even higher price.
  
  In this context, one "fool" might pay for an overpriced asset, hoping that they can sell it to an even "greater fool" and make a profit. This only works as long as there are enough new "greater fools" willing to pay higher and higher prices for the asset. Eventually, investors can no longer deny that the price is out of touch with reality, at which point a sell-off can cause the price to drop significantly until it is closer to its fair value, which in some cases could be zero.