BlackStar Enterprise Group Inc (BEGI)

[Bubae]

It is a mystery that only time will answer for sure. It appears that GS Capital dumped those shares as they received them while those CEO put out the infomercials. According to the annual GS Capital acquired the 257,704,832 shares they were owed at $0.00006 a shares. That is only $15,462 against the remaining principle balance of $33,682. Waiting for the quarterly filing to answer some questions about that. The holders of the two much large notes that matured two years ago sitting it out again? 🤔

The clock may be ticking on these immediate share dumps after conversion. The SEC has been working on Rule 144 holding period amendments for some time. These amendments were to be formalized April 2024 and are now scheduled for October 2024. This rule 144 holding period amendment should codify what the SEC has been enforcing since 2022 charging toxic lenders with failing to register as dealers. These two holders of notes that could be worth more than $800K now with interest will not be able to move that paper overnight.

I filed a complaint with the SEC thinking maybe they would look at these share dumps especially considering the very deep discount to market they are getting leaving Blackstar with a pittance of debt relief by comparison. This CEO maybe able to skirt the rules claiming to be promoting his "brand" with these infomercials but what he is really doing is selling those conversions in my opinion. Meanwhile he is aggressively promoting a trading platform that not even Blackstar is allowed to use.


SEC Publishes Fall 2023 Regulatory Agenda
Posted on December 7, 2023
https://www.knowntrends.com/2023/12/sec-publishes-fall-2023-regulatory-agenda/

Selected Proposed Rules. In this Regulatory Agenda, the SEC has moved the target date for proposing rules for Corporate Board Diversity and the Rule 144 Holding Period, from April 2024 to October 2024,...


Stock Issuers & SEC Taking the Fight to ‘Toxic’ Lenders
by Howard Mulligan August 15, 2023 in Financial Services
https://www.corporatecomplianceinsights.com/sec-toxic-lenders/#:~:text=Since%20early%202020%2C%20the%20SEC,required%20by%20the%20Securities%20and

These actions have resulted in substantial civil fines, disgorgement procedures, suspensions as penny stock dealers and cancellations of the underlying convertible notes. Inspired by these SEC actions, issuers have begun to proactively commence lawsuits to rescind these transactions. In response, courts have issued equitable orders returning the illicitly issued shares to the issuer or, alternatively, ruling that the issuer is to receive the dollar value of such shares.

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

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HISTORY
Definitions
BlackStar Digital Trading Platform TM (“BDTP TM”): a digital Electronic Fungible Shares trading platform enabling the trading of BlackStar common shares in electronic fungible form. (The BDTP TM has not been approved by any regulatory agency or broker dealer and is not currently operational.)