BlackStar Enterprise Group Inc (BEGI)

[Bubae]

I'm crushed, I value your constant single line comments so much. 🤣 Two things aren't going away friendo, those conversions and my posts talking about it. Nine days left for the two holders of these large notes to lock in some of their conversion at a price of $0.0065 if they haven't already. The last share count update was April 12th.


Bubae
Re: None
Wednesday, May 01, 2024 6:11:13 PM
Post# 13480 of 13534
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174341318

Those notes can convert at 50% discount to market calculated from the average of the three lowest closing bid prices for the previous 20 days. The three lowest closing prices going back to April 18th is $0.0014 for an average closing bid price of $0.0013 or a calculated 50% discount conversion price of $0.00065. With the 4.99% equity blocker at the current outstanding shares count they could convert as many as 86,841,815 shares per tranche. That is potentially two lenders doing this.