BlackStar Enterprise Group Inc (BEGI)

[Bubae]

It is pretty easy to push this around right now Marc. It doesn't look like they are pushing those new shares out right now and we won't know if anyone converted until we see the Q1. Until then I would assume they will dump some with the next promotion. That $584,079 in potential defaulted debt conversions isn't going away on its own and will hang over this like a wet blanket. We also know that the 153 million or so in restricted to pay some bills will be vested by the end of June.


Bubae
Re: Short Squeeze post# 13808
Monday, May 13, 2024 7:36:24 PM
Post# 13817 of 13891
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174409805

Three conversion possibilities for this period to the end of June when those restricted shares that were issued in Q4 2023 are ready. The Adar Alef and SE Holdings notes total $584,079 in principle earning 24% interest and have been in default since 2022. Those two notes have until the 15th to lock in their conversions at $0.00065 based on 50% discount to market based on conversion language for the past twenty trading days. After which the price has been rising so to does the conversion price. The balance of the GS Capital note plus interest which has a 50% discount to market based on the lowest trading price of the previous twenty days should also be available. Then there is the 52 million restricted that has vested which could be shares from the Form "D" registration filed in May 2023.