BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Last week was clearly not a good week to take conversions. 😆 It is also my guess that they aren't getting a good bid build yet either and what they need is volume. Today they updated the share count again dated for Friday the 3rd showing a zero increase. So why not on Friday the 3rd did they not date it the 3rd rather back date it to April 26th. Grabbing screen shots to bounce against filings again. We know that they omitted a November share count increase in their two December updates, details in post# 13663 liked below. We also know that the number for the float is not correct since the OS count on that date was 1,244,572,435 according to the Q3 filing. I do not trust their numbers.

We got 10,386,303 in the sell today column versus 2,610,331 on the buy and a walkup from 26 to 30 in the last half hour of trading. That dilution isn't going away. The latest three day period to lock in the $0.00065 conversion price is from April 18th to the 23rd. So twenty trading days would make that conversion price viable through May 15th. If they don't pull the trigger during that period it will be a while before the next opportunity for a decent conversion price versus the trading price. I doubt that they will waste the walkup they managed last week.



Bubae
Re: None
Saturday, May 04, 2024 6:02:41 PM
Post# 13663 of 13705
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174358707

Though I would like to know the actual date that isn't the problem. According to the chart on page 5 of the Q3 filing there were 1,244,572,435 shares outstanding as of September 30th. This is the same number of shares that were listed in the December 12th and December 22nd outstanding share updates on the OTC site. I have kept track of the update since I arrived on this board around November 26th so screen shots below. Why were the November conversions not included in at least the December 12th update and since we know they must have been issued prior to November 16th and why not an earlier update. We don't see a share count increase until January 5th 2024.