BlackStar Enterprise Group Inc (BEGI)

[Bubae]

If you take a look at the setup it has been a big fail so far. On Tuesday we had someone reveal that the latest infomercial was released on Facebook and it took three days to land on this board. It appears that the video was released on Facebook on April 26th (dumb). Monday the 29th they released the 8K for their latest idea plugged into their blockchain method template "corporate governance". The result was 6 million shares traded on Monday and less than 2 million shares traded on Tuesday. Looks to me like they needed to manufacture a runup on Wednesday and Thursday and it worked to get price level. We know from the previous four infomercials that when the CEO promoting they have new conversions in hand.

I expect one of the two note holders took advantage of this 20 day conversion window that has maybe nine days left to convert at $0.00065. Blackstar updated the share count on Friday showing a zero share increase and back dated it to the 26th of April. I suspect that someone converted probably on Monday with promotion and quickly found out they they won't be moving multiple tranches of conversions. With the 4.99% blocker they could request up to 86,841,815 shares per tranche which is a lot anyway. I doubt that anyone would request more than one tranche, though they could, because they can recalculate based on the lowest subsequent trading while they convert. They could burn the remaining shares of a tranche to drop the price to new lows from which to calculate the next conversions. They have plenty of room, they are getting their shares at $0.00065 and they have a CEO who is actively promoting with these infomercials.

Bubae
Re: Short Squeeze post# 13485
Thursday, May 02, 2024 8:20:11 AM
Post# 13499 of 13664
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174343438

The last share count update was April 12th. The best opportunity to begin converting those two large notes for Adar Alef and SE Holdings with this runup and after dumping the GS Capital shares would be based on the April 18th through 23rd closing prices giving them a conversion price of $0.00065. Details in Post# 13480 linked below. After the 23rd the calculated conversion price will begin to go up substantially so the window of opportunity for this runup is locked in. I doubt that we see any share count update until they have done the deed and they will be showing their hand soon with the Q1 filing around the middle of May. The SEC requires at least a basic level of transparency with the filings so pay attention.

Bubae
Re: Savannah-Marc post# 13435
Tuesday, April 30, 2024 7:25:45 PM
Post# 13438 of 13663
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174333655

That has been up on Facebook for three days? 😆 This ticker didn't even trade 2 million shares today. Another stammering rendition by the CEO. That would make a total of five infomercials for 2024 so far. They have a media contract through May so expect more. Funny to hear him say at about 3:50 into the segment ...Everyone stretches the envelope, you can go as far as you can that is what we do here in the U.S..., So true Joe, so true. 😆 Maybe he should get around to correcting the float number on the OTC site for Blackstar.