Replies to post #12115 on BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Again, Blackstar's product has nothing to do with predatory financing. Companies like this submit to terrible lending terms because they must or go without. As of December 31st 2022 there were 546,495,214 shares outstanding. They issued 698,077,221 shares the first nine months of 2023 more than doubling the shares count to settle only $116,725 at and average of $0.00017 a share. Now the outstanding shares count is 1,671,892,114 with some very old and expensive notes just waiting for their turn. So that would be another 427,319,679 issued since December. Around the end of June with the 180 day holding period for those unregistered shares this will get very busy again.


For the quarterly period ended September 30, 2023
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm

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.

[burner67]

So far no subscribers, which means no income. We know Blackstar still has expenses, attorney fees, CPA, web developer, etc. How do the bills get paid if there's no income? We know Diagonal Lending and GS Cap Partners will never lend to them again, so where does the money come from? More 'unrelated individuals'? The 4th quarter financials that will be released mid April will tell us a lot.