Replies to post #13745 on BlackStar Enterprise Group Inc (BEGI)

[Bubae]

I wouldn't get too excited about any private placement talk. Take a look at the annual to see the costly series of 14 notes payable since March 2023 that have maturities of a year and less for where funding is now coming from. These notes have free shares as sweeteners. It doesn't look as if anyone has the confidence in what Blackstar is promoting to buy into a preferred offering. The filings are littered for years with "We may offer" and "We intend to offer" with regard o this subject of private placement. The only preferred shares are those series "A" shares held by the estate of John Noble Harris and Joseph E. Kurczodyna, the current CEO. These shares represent "Super Majority Voting" power concerning all matters of business for this company.

For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 21
Existing Financing

We intend to offer a private placement of preferred shares to investors in order to achieve at least $5,000,000 in funding in the next year to scale our business plan. We intend to commence this offering in spring of 2024.

For the quarterly period ended September 30, 2019
https://www.otcmarkets.com/filing/html?id=13749875&guid=LKJ-kKMYSj77B3h

We intend to offer a private placement of stock or Notes to investors in order to achieve an additional approximately $800,000 in funding in the next six months. We have not yet commenced the offering, but intend to commence this offering in the 4th Quarter of 2019.

For the quarterly period ended September 30, 2020
https://www.otcmarkets.com/filing/html?id=14505798&guid=LKJ-kKMYSj77B3h

We may offer a private placement of stock or notes to investors in order to achieve an additional approximately $700,000 in funding in the next six months. We have not yet commenced the offering, but may commence this offering in the 4th Quarter of 2020.

For the quarterly period ended September 30, 2021
https://www.otcmarkets.com/filing/html?id=15353758&guid=LKJ-kKMYSj77B3h

Recent Updates
Based on our current cash reserves of approximately $559,438 as of September 30, 2021, we have the cash for an operational budget of less than twelve months. We intend to offer a private placement to investors in order to achieve at least $1,000,000 in funding in the next year. We intend to commence this offering in the winter of 2021.

For the quarterly period ended September 30, 2022
https://www.otcmarkets.com/filing/html?id=16214300&guid=LKJ-kKMYSj77B3h

Recent Updates
Based on our current cash reserves of approximately $98,662 as of September 30, 2022, we have the cash for an operational budget of approximately six (6) months. We intend to offer a private placement of common shares to investors in order to achieve at least $5,000,000 in funding in the next year to scale our business plan. We intend to commence this offering in winter of 2022.

For the quarterly period ended September 30, 2023
https://www.otcmarkets.com/filing/html?id=17069009&guid=LKJ-kKMYSj77B3h

At September 30, 2023, we have cash reserves of approximately $51,099, which enables us to only sustain limited operations. We intend to offer a private placement of preferred shares to investors in order to achieve at least $5,000,000 in funding in the next year to scale our business plan. We intend to commence this offering in the first quarter 2024.

[Short Squeeze]

Most likely they will have to find a new auditor and the due diligence on the auditors end will take a few weeks or more.