Replies to post #13336 on BlackStar Enterprise Group Inc (BEGI)

[kid biscuit]

BEGI: Patents here will give the ability to allow for direct investment, bypassing predatory lenders. Subscribers will be here sooner or later...and why not?

[Bubae]

When you start quoting someone you might provide links to the information for context. If you conduct a simple search on the word "crook" for this board you will find that nowhere did I use the word. Another huge rant without an supporting evidence for what you post based on conjecture and personal distraction. Follow your comments and my supported answers.

...you immediately called the CEO a crook when he tried to pay off one the last notes to the Death Spiral Financiers in cash to settle the debt...

As far as the payoff fiasco after the lawsuit was filed, the case documents at the Nevada Supreme Court flesh out what actually happened and why Blackstar has a loser case.
https://caseinfo.nvsupremecourt.us/public/caseView.do;jsessionid=DD86B554D3E6998D3A6E9EB41AA71067?csIID=68335

Document 24-03599

...Because of a dramatic increase in Blackstar’s stock price, the “conversion option” here became “in the money” and profitable. Naturally, GS Capital sought to exercise its conversion rights to receive shares of Blackstar stock—the benefit of its bargain. Blackstar refused. Then, after several weeks—during which GS Capital would have received about 257 million shares through conversions—Blackstar attempted to pay off the Note and thereby argue that, retroactively, GS Capital’s conversion rights are thereby extinguished. GS Capital argued this absurd result would be similar to a stock option seller unilaterally returning the option’s purchase price in an effort to rescind the option purchase because the option was now “in the money” and costly to the seller. The lower court correctly agreed with GS Capital and required Blackstar to reserve the contractually-mandated shares.

Second, Blackstar shockingly omits that it contractually agreed that GS Capital is entitled to injunctive relief and specific performance in the event of a breach, on which the Order correctly relied. Blackstar also omits that the Note, as amended— 123678829.13 under which GS Capital sued—provided for exclusive Nevada jurisdiction.

...After multiple times asking you why you support Death Spiral Financier's in your posts, you never, ever, ever, ever, ever, ever answer my questions,...

I have been posting the dilution since this was trading at the 52 week high which was a day or two before I showed up on this board. What I have been posting certainly doesn't support the toxic financers of this stock. They need liquidity and pointing out that traders are being conned is not exactly promoting. You on the other hand...

Refuse to accept the fact or discuss that BEGI actually has a very low float compared to all the rest of the OTC,

The low float scenario has already played out with the run to a penny on heavy social media promotion in November while the 698 million shares issued at an average price of only $0.00017 was being rolled out.
Bubae
Re: gshores post# 7706
Wednesday, December 20, 2023 4:27:59 PM
Post# 7731 of 13345
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173472167

Must remember that these people control a large percentage of the float right now and will be rolling those hundreds of millions of shares out over the next few months. That 698 million shares converted from Q1 through Q3 more than doubled the share count.

or approx.155 million shares at a price of .00006 pps.,

For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
NOTE 12 – SUBSEQUENT EVENTS
In 2024, GS Capital filed notices of conversion and were issued, in three tranches, 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share on their note of October 11, 2021. (See Notes 7 and 11)

"Why are they suing for shares instead of cash if the company is worth nothing, as you say ?"

Truly a dumb question when they are receiving their shares at such a discount to market.
Greater fool theory
https://en.wikipedia.org/wiki/Greater_fool_theory

...Your friends overall as an industry have been taking 10's of billions from investors for decades...,

First I am compensated by anyone in any fashion. Place blame where it has been earned. It wasn't I who entered into such toxic note agreements and it wasn't I who is personally promoting in the infomercials to maximize the return for these lenders.

For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 57
Liquidity and Capital Resources
.... the Company issued, as partial consideration, 25,000,000 shares of its common stock (valued at $100,000) to a media consulting firm for investor relations services under a six-month agreement through May 2024.