BlackStar Enterprise Group Inc (BEGI)

[Bubae]

It isn't about the loudest voices even if it is one. It is always about what the filings reveal. Today is may 5th, one year to the day the company has added 1,056,870,102 new shares. All but 104,643,939 of those shares came in Q2 and later when it looks like they were queueing up shares for the October festivities. We know that they have a total of five infomercials since the beginning of the year helping GS Capital sell more than 270 million shares priced at $0.00006 that were awarded from the lawsuit to date.

We know that Adar Alef converted $13,455 principal into 62,100,00 shares in November 2023 and has $364,079 in remaining principle. SE Holdings is sitting on another $220K in outstanding principle. Both notes are in default earning 24% interest and matured two years ago. That Adar Alef could have converted as late as November 16th given the conversion language and the stated price of conversions so they made a bundle of that $13,455 worth of conversions. Under the notes they are limited to 4.99% of the outstanding share count or more than 86 million shares per tranche. It would take more than six tranches to cover just the outstanding principle for Adar Alef alone.

During all this activity we now have a bead on the CEO's modus operandi. When he runs the infomercials he is supporting price and generating volume for the conversions. So we get the infomercial released on Facebook release on May 3rd and we see the 8K on Monday for the corporate governance method patent. We know that he likes to drop a OTC outstanding shares count update prior to conversions showing a zero count update. We got that last Friday the 3rd but it was backdated to Friday April 26th. That makes me believe that the conversions started the following Monday.

So we look at the conversions available and the note language and we see that due to walkup last Wednesday and Thursday that the 20 day period for pricing their conversions is locked in for this period. They got very little volume after the promos with only 6 million shares traded on Monday and less than 2 million shares traded on Tuesday. That needed walkup was manufacture on Wednesday and Thursday to make some space for the conversions in my opinion and really flagged for me what was going on.

If you are a new trader to this ticker just know what I have written and watch for them to burn through the tranche of shares they have. I'm watching for a period that would be the end of a 86 million share dump where they may sell it down to price in the next tranche. That would be where the CEO once again helps the price recover. Cycle and repeat but if the price declines they will need even more shares to cover.

At this point what does Adar Alef really care other than to clear this defaulted note. They made so much money off the November conversions that they are just scooping cream off the top at this point. I doubt that they will request more than one at a time because this the liquidity isn't there and they can reprice if it goes down. They will want to try and maintain price level because they have so much to convert so we will see how patient they are. It is rare that as a result of so much converting that a pattern has been established from which to predict the next round. A series of posts with details starting with post# 13665 linked below. Play their game knowing what they are doing and make some money. Happy trading.

Bubae
Re: None
Saturday, May 04, 2024 7:47:06 PM
Post#13665 of 13671
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174359031&txt2find=Capital%2Bconversions


For the quarterly period ended March 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000051/begi-20230331.htm.htm

As of May 5, 2023, there were 683,446,845 shares of the registrant’s common stock, $0.001 par value, issued and outstanding, not including shares reserved for conversion of notes.

During the three months ended March 31, 2023, the Company issued shares of its common stock as follows:

• 104,643,939 shares for conversion of $33,927 principal and interest on convertible notes payable.