BlackStar Enterprise Group Inc (BEGI)

[Bubae]

That it isn't moving higher no mystery. My comment linked below in post #12266 the morning of the March 22nd infomercial with 119 million shares traded for the day. I predicted $0.0019 as the potential and that is what it closed at for the day and you can bet tens of millions of new shares were dumped. Those converting are in a sweet spot here where traders will generally hold with the promotions and they can still create some liquidity. That will eventually fail and Blackstar has a LOT of debt that matured two years ago that converts at 50% discount to market. With interest those two notes in the S-1 that matured two years ago would be more than $800K now. See those 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share issued to GS Capital lawsuit so far for 2024? That is only $11,737 at $0.00006. Those shares likely moved at a minimum average since January 1st of $0.0019 would be $371,678. THat number is likely much higher. That represents what has been, and will be, trading losses for someone.


Bubae
Member Level
Re: None
Friday, March 22, 2024 10:02:20 AM
Post# 12266 of 13244
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174091136

Pump it Pump it!!! Same crap another day for the fools who will chase the social media promotion. 🙄 Worked in December after the dilution dump. Now some have likely loaded here and see the potential to drive it to $0.0019. Flip them if you have them.

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

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 Notes 7 and 11)