Replies to post #12112 on BlackStar Enterprise Group Inc (BEGI)

[Bubae]

The method patent is for trading common shares on a blockchain ledger based on Amazons product. It has nothing to do with the agreements with these predatory lenders so how does it protect investors. Blackstar set up these notes and the lenders spiked it for a very large profit off the backs of OTC traders who are ALWAYS more than willing to chase the promotion. Meanwhile Blackstar has pretty soiled their relationships with institutional lenders and now has a series of eight nine month notes from "unrelated individuals" per the Q3 2023 filing. Two of those matured in December, two more in February.


Bubae
Re: moondogaz post# 11690
Monday, February 19, 2024 6:40:18 AM
Post# 11698 of 12114
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173875824

They have a series of eight, nine month notes, two matured in December 2023 and two more mature this month with ambitious conversion prices of $.0067. The last note written by an institutional lender appears to be May of 2022 by 1800 Diagonal Lending. The three notes in the S-1 offering matured a couple of years ago with one currently in default. The pipeline continues to fill now with the GS Capital lawsuit shares priced at $0.00013. Blackstar is having trouble with the institutional lenders, not sure how these smaller individual notes expect to convert. So yeah, I would have to think $0.008 is very doubtful.

[goingUPagain]

Agree with your assessment…
This part especially:

The folks that will help develop and get the subscriber base going aren't worried about a couple old conversion notes...those will be vacuumed up in the future like bits of dust. That's the Cheers. Long live BEGI !