There have others who have mentioned a "media blitz" and even suggested that the information came from the CEO. Now for my own selfish reasons I hope that these events come to pass because either these people are clairvoyant of there is fire where there is smoke. 😆
So lets go to a period in 2022 when there was a media series announced for this company. This was to be a three month TV series. See the dilution for Q1 on the order of 63 million shares issued for nearly $300K or $.004 a share? They got a small bump in price but the volume was absorbed by the new shares. From there the price continue to drift down on quarterly dilution until it traded at a low of .0001 in October 2023 just before the run up.
Ironically that 63 million share issuance in Q1 2022 would have been a 57% increase in the outstanding share count at the time. See that additional 35,890,904 increase from March 24th 2022 to April 30th 2022? they had a F-ton of shares issued for that news. So what we have here in the nine months for Q1 to Q3 2023 is more than a doubling of the share count as a result of converted debt with 698 million shares issued at $0.00017 a share. Shareholders are about to get sacked again in my opinion.
NEW YORK, June 02, 2022 (GLOBE NEWSWIRE) -- FMW Media’s business TV show, New to The Street TV, announces the signing of a 3-month contract, start date to be determined, on filming and broadcasting tailored interviews about BlackStar Enterprise Group, Inc.’s (OTCQB: BEGI) (“BlackStar” or the “Company”) corporate fundamentals.
“We look forward to sharing all our corporate ongoings and milestones with New to the Street across their unrivaled business TV syndicated platform on Newsmax, Fox Business Network, and Bloomberg TV.
As of April 30, 2022, there were 209,818,602 shares of the registrant’s common stock, $.001 par value, issued and outstanding, not including shares reserved for conversion of notes.
NOTE 5 – STOCKHOLDERS’ EQUITY (DEFICIT) Common Stock
During the three months ended March 31, 2022, the Company issued shares of its common stock as follows:
> 63,311,934 shares for conversion of $296,321 principal and interest on convertible notes payable.