Replies to post #13485 on BlackStar Enterprise Group Inc (BEGI)

[Bubae]

It is only annoying for someone to point out the pending dilution if you have already committed. I have been pointing out the dilution since this was trading above a penny. What they need is new money and my posts are for those conducting their own due diligence. For me the numbers on the OTC site for security details is suspect because we now for a fact that the current number for the float of 1,606,723,782 shares for October 31st is false given that the total outstanding share count for that date was 1,244,572,435 shares. The number of shares held at the DTC however suggests that the conversions shares are being dumped immediately.

The last share count update was April 12th. The best opportunity to begin converting those two large notes for Adar Alef and SE Holdings with this runup and after dumping the GS Capital shares would be based on the April 18th through 23rd closing prices giving them a conversion price of $0.00065. Details in Post# 13480 linked below. After the 23rd the calculated conversion price will begin to go up substantially so the window of opportunity for this runup is locked in. I doubt that we see any share count update until they have done the deed and they will be showing their hand soon with the Q1 filing around the middle of May. The SEC requires at least a basic level of transparency with the filings so pay attention.


Bubae
Member Level
Re: None
Wednesday, May 01, 2024 6:11:13 PM
Post# 13480 of 13494
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174341318

Now, those unregistered shares should be subject to the 180 day holding period. But if for some reason not, this nice runup could be an attractive point to trigger those conversions. They could have that conversion price of $0.00065 for the next ten trading days. So if this runup is being orchestrated, it may be for a reason. With the 86.8 million share tranche at todays closing of $0.0026 they could convert $56,447 of debt and bank a profit of $169K. Not a bad return. He77, take that down to an average of $0.0019 a share and they bank 108K in profit. Still a nice return. 😆