BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Explain how my posts would ever benefit the conversions for GS Capital? That is a nonsensical statement. It is very rare that I make positive statements about these trashy OTC stocks. I spoke highly of Omid Holdings Inc ($OMID) back is late 2022 and early 2023. The company had zero convertible debt, only 96 million shares outstanding and of that only around 65 million shares were in the float. They had nice revenue for Q1 2023 of $436,697 with cash on hand at the end of the period of $224,379. Then the Q2 report was dropped and the revenue number was $8,523 and cash at the end of the period dropped to $89,972. No explanation for the quarter. They are all trash in my opinion and none are worthy of promoting. Those who do are simply trying to con the next fool for their flip in my opinion.


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.