Replies to post #8029 on BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Feigning ignorance is a manipulation tactic. You know well that there is much more than $116K in debt. The $116K number is what was converted for 698,077,221 priced at only $0.00017. They aren't paying anything in cash because the company has zero revenue, zero full time employees, and a product that either no broker / dealer, ATS wants to mess with or is unable to within the current regulations governing securities. I suspect both reasons are at work. How easy should it be to at least convince a dealer / broker to mess with the trading platform? It would be a easy promo to dupe some more traders into buying those toxic shares.

For me , 116k debt is really low and assuming that patent will worth billon of dollars they will pay it easy with cash.

S-1 Offering
AMENDMENT NO. 10 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.otcmarkets.com/filing/html?id=16735041&guid=p7J-kFOezEj4B3h
Page 38
As of June 14 , 2023, we have no full-time employees and 2 independent consultants who act as our officers and directors on a part-time basis of up to 40 hours per week.

Bubae
Re: kid biscuit post# 7522
Tuesday, December 19, 2023 4:47:31 AM
Post# 7525 of 7968
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173456322

...Per the Q3 2023 filing "The completion of our software platform depends on our ability to license it to an existing Alternative Trading System (“ATS”) or for us to possibly register as an ATS." They have been talking about this SEC Alternative Trading System (ATS) issue since 2017 in an attempt to conform with the regulations regarding securities. Problem number one as filed in the AMENDMENT NO. 10 TO FORM S-1 dated June 16th "The SEC however has not yet proposed regulations for ATS trading of digital securities and is treating ATS applications under existing regulations"....

Bubae
Member Level
Re: None
Saturday, December 23, 2023 10:12:19 AM
Post# 7962 of 8030
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173492266

When we add those three groups up we find that 454,279,436 shares will become eligible on a rolling basis in tranches per the issuance schedule. We know that the outstanding share count hasn't changed since October 1st according to other posts on this board. So take the June 14th date and the October 1st date and we see that the rollout period for those shares was 14 weeks. So we are looking at 698,077,221 shares issues from Q1 through Q3 with an average conversion price of $0.00017. with 454,279,436 becoming eligible through Q1 2024. With that we find that only 243,797,785 shares should have been eligible that being 35% of the total.