Replies to post #7316 on BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Yeah, that so called fictitious company hasn't moved all those shares for a number of reasons in my opinion. Those 698 million shares issue over the past nine months with an average conversion price of $0.00017 a share represents 56% of the current shares count and during that period it more than doubled the share count. The toxic lenders are making obscene profits from these share sales and I doubt that they would want to attract attention from the SEC acting as an unregistered dealer. My post #6351 linked below details what I believe to be going on with this particular dilution activity for those new to this ticker.

Exactly! That fictitious company has sold those shares already...

Bubae
Re: The Whale post# 6284
Sunday, December 10, 2023 4:04:27 PM
Post# 6351 of 7090
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173399030

It would appear that roughly 454,279,436 shares hasn't even vested yet. Those shares should begin to become eligible sometime next week and run for around the 110 day period according by the issuance period estimated. An unknown is how many of those currently eligible have not been sold yet.

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2023
https://www.otcmarkets.com/filing/html?id=17069009&guid=-mJ-k6UIqQlEdth
During the nine months ended September 30, 2023, the Company issued shares of its common stock as follows:

> 698,077,221 shares for conversion of $116,725 principal and interest on convertible notes payable.

NOTE 7 – CONVERTIBLE NOTES

During the nine months ended September 30, 2023, the Company had the following transactions related to its convertible note financings:

> 1800 Diagonal Lending LLC converted, in three tranches, the outstanding principal balance of $23,600 together with accrued and unpaid interest thereon of $2,787 due on their note of May 5, 2022 into 75,643,939 shares of the Company’s common stock at conversion prices of $0.00033 to $0.00036 per share under the conversion provision and terms of the note agreement.

> 1800 Diagonal Lending LLC converted the total outstanding principal balance of $43,750 together with accrued and unpaid interest thereon of $2,788 due on their note of August 30, 2022 into 305,250,000 shares of the Company’s common stock at conversion prices of $0.00013 to $0.00026 per share under the conversion provision and terms of the note agreement.

> 1800 Diagonal Lending LLC converted, in four tranches, $37,200 as partial conversions of the principal portion of their October 31, 2022 note into 210,492,308 shares of the Company’s common stock at conversion prices of $0.00013 to $.0002 per share under the conversion provision and terms of the note agreement.

> GS Capital Partners made a $5,933 partial conversion, in two tranches, of the principal portion of their October 11, 2021 note together with accrued and unpaid interest of $1,267 into 59,998,666 shares of the Company’s common stock at a conversion price of $0.00012 per share under the conversion provision and terms of the note agreement.