BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Really all that needs to be known about this stock is that the narrative the CEO spins in the infomercials is betrayed by his history and what is in print in the S-1 prospectus and quarterly filings. What he is doing is promoting the debt conversions which are priced so low that they are getting a pittance for debt relief. As of 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 2023 and later when it looks like they were queueing up shares for the November festivities.

We know that they have a total of five infomercials since the beginning of the year. Since just February 15th when the stay was lifted the CEO's infomercials helped GS Capital sell more than 270 million shares priced at $0.00006 that were awarded from the lawsuit to date. We have a window here now for Adar Alef or SE Holdings to move some of their defaulted debt but it isn't looking good. The two new ideas penciled into the method patent template aren't generating much liquidity and they certainly won't be generating any revenue anytime soon. By the end of June those restricted shares representing some bills that needs to be paid will be ready. Details in post# 13728 linked below. What I see is a share structure that will likely get blown out by the end of the year just in time for the bench trial for the GS Capital lawsuit is in January 2025. GS Capital may want to demand a cash settlement for legal fees and damages instead of shares. 😆


Bubae
Re: burner67 post# 13724
Tuesday, May 07, 2024 10:14:24 PM
Post# 13728 of 13771
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174376080

The conversions to come is what is hanging over this stock. The CEO has demonstrated what they are capable of with what has essentially a pump and dump since November. Since September 30th 2023 they have issued 495,744,512 shares. That is what you call "making hay while the sun shines". 😆 While the CEO has been running the five infomercials since the beginning of the year GS Capital had 257,704,832 shares to dump priced at $0.00006 after the stay expired on February 15th. The March 22nd infomercial that generated 119 million in trading volume likely moved a lot of that. Those conversions helped set up the lows from which I expect either Adar Alef or SE Holdings to lock in a $0.00065 conversion price on some of their defaulted debt if they act by the 15th of May.