Replies to post #14074 on BlackStar Enterprise Group Inc (BEGI)

[Bubae]

The CEO has put out a series of, I believe, five infomercials since the beginning of the year. The intent is to move the conversions from what I see and yes, it fits the definition of infomercials quite well. They managed a trading high of $0.002 with 119 million in trading volume on March 22nd off an infomercial that really characterized the company's product as a revenue generating idea. But we all know what isn't being disclosed. This really helped G.S. Capital move those lawsuit shares.

Sure, company's sell shares for equity. After the Nevada Supreme Court denied the stay G.S Capital was able to sell their conversions that were requested in November 2023. With the shares issued in December 2022 per the lawsuit update in January and the shares revealed to have been issued for this suit in the annual we get 257,704,832 shares priced at $0.00006 for a whoppping $15,462 of debt relief against the lawsuit note with a principle of of only $33,682. 🙄 G.S Capital was free to sell these shares after February 15th and when we look at the infomercial supported selling activity, G.S. Capital could have easily made $500K or so off that $15,462 in conversions.

We could continue with this line of ridiculous conversions for a stock that went to over a penny in November but no patience here for details. Suffice to say that 698,077,221 shares for conversion of $116,725 principal and interest on convertible notes payable were made the first nine months of 2023 at an average of only $0.00017 a share. The bulk of that was issued in Q2 and Q3 of 20223 leading up to this promotional period. That isn't what I call an efficient use of your ability to raise capital from share sales. More conversions currently in the pipeline and can be done at any time.

I understand and there’s no denying that the stock has been diluted over the past few years, but running the business is not free and as a company with no revenue, how else do you expect them to pay for expenses?

The CEO doesn’t do promos with “infomercials”. As any company must, BEGI must market themselves in order to reach a wider audience which encompasses both potential clients and investors. And marketing is NOT FREE.

Bubae
Re: Savannah-Marc post# 13457
Wednesday, May 01, 2024 12:41:56 PM
Post# 13466 of 14074
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174338327&txt2find=Capital%2BDecember%2Bconversions

...According to document 24-03599 from the Nevada Supreme Court website GS Capital had requested 257,701,499 the first half of November and was denied which became the basis for the lawsuit. Then we get the statement in the annual that ...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. According to the text in the note the conversion price of $0.00006 would appear to be correct...

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

Page 10
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.

[Bubae]

Blackstar included that statement about private placement of stock since 2019 in all their filings. I list all of these in post# 13961 with links. For a stock that is heralded as a "Revolutionary Digital Trading Platform" it isn't attracting any private investment. According to the annual with links to the information in post# 13991 linked below the $400K of new financing for 2023 was "...All of the individuals and/or entities listed above that purchased the unregistered securities were all known to us and our management, through pre-existing business relationships, as long-standing business associates, friends, and employees..." Yes friends and associates and they were handed some sweet notes. 71,250,000 restricted shares vesting between now and the end of June are the free shares and interest issued on those notes. You can bet that the CEO will do what he can to help them out.

As per the 10k: “The Company plans to offer its Private Funding and Corporate Governance Blockchain to individual private companies in 2024.”

Bubae
Re: None
Monday, June 03, 2024 8:54:12 PM
Post# 13961 of 14075
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174537254

Blackstar has been reduced to actively promoting to move the conversions priced as low as $0.00006 a share. It would seem that real investors conduct actual due diligence which is why Blackstar has been unable to attract anything other than penny flipping gamblers for their stock.

Bubae
Re: None
Sunday, June 09, 2024 6:29:10 AM
Post# 13991 of 14075
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174568638

Follow the money. While the CEO has been using the infomercials to promote the sales of the obscene debt conversions to OTC retail traders he isn’t attracting any investors. Even the toxic note holders are now taking a pass with one in a lawsuit and two others still owed $584,079 in principle earning 24% interest and have been in default since 2022. The short term notes of the past year have been from those personally known by the CEO but they aren’t buying preferred shares. They got pretty good deals on those nine month notes. 71,250,000 of those shares went restricted before December 31st "...as consideration for entering the note agreements in 2023..."