I agree. It is only a matter of time. Traders aren't going to bail out Blackstar's old and new debt. Blackstar even discloses the potential of more lawsuits. These monthly share count increases aren't nearly enough. This promo appears to have been a fail so they can go ahead and drop the annual. We have been in the dark for months, time for the update to see where we are with the debt conversions that was queued up before the restraining order was in place. Good stuff stay tuned.
The Company may need to increase the authorized shares of common stock in order to accommodate any continued conversions, judgments, or settlements, and the Company could be exposed to further risks of lawsuits for similar issues. The Company will also expend additional resources in the ongoing litigation and any potential resolutions outside the above-reference conversions to common stock (which were already contemplated in the original convertible promissory note), negatively impacting its financial position.
...Three notes in that offering, one note declared in default in April 2022, the two other notes had principle balances totaling $597,534 as of the Q3 filing and matured a couple of years ago with interest those notes should be worth $800K now. Those last two notes convert at a steep discount to market and the Quick Capital note has the most impressive conversion language for a default note that I have ever seen....
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