BlackStar Enterprise Group Inc (PK) (BEGI) News

You've said that many times about your shares. A couple months ago you also said that you have deep pockets and you'll keep this out of the teens. Nothing you say ever happens. Nothing.

Aggravated stalking lolol. BTW, it's 'your', not you're. HS education

GS Capital would have to buy up to 20% of Blackstar's shares off the OTC market if they settle or incur a judgement against them according to the briefs. All I can say is that MY SHARES WILL NOT BE CHEAP HAHAHA!!!

You and Bubae on here have gone way beyond stock bashing and more like entered into aggrevated stalking of this company at this point. You're post history is scary.

Aww, is your company GS capital going to loose . . . .

Blackstar might win but they still have no SEC approval, no working product, no subscriptions, no income and bleeding cash. Not the qualities most people look for in a company.

Court granted "joint motion for extension of time" on 08/29/2024.
I believe this joint motion was filed as a result of ongoing settlement talks. This amount of time would not be required to litigate a simple disagreement over a contract in my opinion. Blackstar is going to win!!!!!!!

Good point

Possibly but my guess he’s just a run-of-the-mill boiler room pumper based on his presence across several boards. Most CD folks don’t get their hands dirty slumming on this board but do have proxies to carry out their dirty work.

Could it be the guy that owns a significant amount of the float is one of the 'unrelated individuals' that is lending BEGI money? Hmmm...

New outstanding share count update as of yesterday once again backdated this time to August 23rd. We have a 17 million share increase. The registered share count also increased by the same amount of 17 million. However the unregistered shares count increased by 68,424,833 shares. Again, the OTC site shares count details for this stock is suspect and that number could not be correct. The number for the float still shows 1.6 billion shares and has been wrong since I have been following this stock with each update of that number. The OS for November 1st 2023 was 1.2 billion shares.



For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
Page 1
As of November 1, 2023, there were 1,244,572,435 shares of the registrant’s common stock, $0.001 par value, issued and outstanding,...

I’m skeptical, neither bearish, nor bullish and stuck with a load of shares with a cb around .0025. I may buy some more to bring down my cb. It’s quiet now, maybe that means some bombastic PR is on the way. Or maybe BEGI goes dark as you suggest. I don’t have enough of a stake to really care unlike “Mr. I Own a Significant Amount of the Float” (snickering).

I do legit think BEGI could soar as a patent troll but that sure isn’t a solid business plan.

I think we all know who the main pumper is. I read his posts on other boards and it's the same playbook. Great things about to happen 'soon'.

I read them but I'm bearish. All the bulls here only hear trading stocks using blockchain and patents.
The patent was issued the end of November. It's now end of August. Nine months. Not only is the technology not up and running, there is no interest from anyone in an acquisition. If there was, Joe would be doing another infomercial talking about it. My guess is this company goes dormant in the next 12 months.

Gotta say that’s some quality DD on a company that doesn’t deserve such an effort. Anyone buying BEGI is well aware it’s a share selling outfit with a few tenuous patents and loads of specious claims.

Regardless, you dedicate far too much time to BEGI and your messages fall on deaf ears. The main pumper here is a notorious shill who plagues numerous iHub boards. Just seeing their name means the stock is a sham.

But keep on keeping on. You do you even though nobody takes the time to read all you citations.

Joe better hope that the long-standing business associates, friends, and employees are willing to continue to dig into their pockets. Can he convince them that sales, subscriptions or an acquisition are imminent?

Institutional lenders are done with Blackstar from what I see. The SEC busted "...the managing member of SE Holdings, LLC, individually, and Adar Alef, LLC..." for unregistered dealer activity. Blackstar handed over the 62 million shares @ $0.0002167a share to Adar Alef in November 2023 while the stock was on its way to a penny. This while they denied GS Capitals conversion requests that were made on November 2nd which triggered the costly lawsuit. That was dumpage of unregistered shares and they would have made small fortune on those cheap conversions.

Now those two SE Holdings and Adar Alef notes with a balance of $584,079 are no longer convertible. These lenders are pretty much screwed because Blackstar really has nothing tangible worth going after in court other than super cheap shares like GS Capital received. If by some miracle Joe begins to generate any revenue from his ideas they cash will go to debt holders, legal fees, and legal settlements from what I see. 😆


For the quarterly period ended June 30, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000098/begi-20240630.htm

Page 12

NOTE 7 – CONVERTIBLE NOTES (continued)

On January 23, 2024, the managing member of SE Holdings, LLC, individually, and Adar Alef, LLC, also managed by the same individual, as the entity, settled charges with the SEC ordering them, in part, to surrender for cancellation all remaining shares of the Company they obtained through conversion of notes, as well as conversion rights under any remaining convertible notes. The Company is evaluating what this means for the remaining outstanding conversion rights under the two convertible promissory notes held by SE Holdings, LLC ($220,000) and Adar Alef, LLC (original face amount of $550,000), and for the current holdings of Adar Alef, LLC (5,000,000 shares of common stock of BlackStar). The Company is of the opinion that the notes are no longer convertible and are classified as ordinary debt.


Aryeh Goldstein, Adar Bays, LLC, and Adar Alef, LLC
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 25930 / January 23, 2024
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25930

The parties have agreed to settle the charges. Among other relief, Goldstein and his entities agreed to pay $1.25 million in monetary relief and to surrender or cancel all remaining shares of public companies allegedly obtained from their unregistered dealer activity.

Bubae
Re: None
Saturday, May 04, 2024 6:02:41 PM
Post# 13663 of 14272
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174358707&txt2find=November%2BAdar
Another example of why you can not trust what this company posts on the detail page at the OTC markets site. I'm looking at that November conversion price of $0.0002167 and the chart to determine what twenty day period could they have locked in the three lowest closing bid prices. I find that the latest date that they could have locked in a price even close to that would have been the 16th of November. By October 27th the closing price was already $0.001 after the press release on the 24th. December 16 would have been pretty close to have been included in the subsequent events section of the Q3 filing since the 16th would have been on a Thursday and the Q3 was filed the following Monday the 20th.

In November 2023, Adar Alef issued a notice of conversion for a partial conversion of $13,455 principal into 62,100,00 shares of the Company’s common stock at a price of $0.0002167 per share under the conversion provision and terms of the note agreement.

Bubae
Re: None
Sunday, July 28, 2024 8:00:11 AM
Post# 14188 of 14272
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174823523&txt2find=friends%2Bassociates
[color=red]Blackstar isn't attracting ay real investors which speaks to the lack of potential for what they have been trying to do for years.. Blackstar has been reduced to borrowing from what the company describes as "...long-standing business associates, friends, and employees...." in their filings. To pay these people back he CEO will need to con OTC retail into buying that paper. On the other hand the DTCC has invested $50 million in an acquisition of the tokenization solution company Securrency for trading all real world assets on a blockchain.[/color]

'obscene and criminal usury lending practices'...Well...don't borrow from high interest rate lenders then

The two points in the newly filed brief by Blackstar have already been addressed previously

Well yeah. You cannot appeal something if it has not been previously addressed. It's called preserving the issue for the purposes of appeal"

That is non-sense. The statement by the Nevada Supreme Court denying the extension of the stay is telling. "When a contract is clear on its face, it will be construed from the written language and enforced as written." The two points in the newly filed brief by Blackstar have already been addressed previously. The GS Capitals previously filed response to these claims is linked below. It looks to me like Joe is spending a fortune just dragging this out. It is bad enough that he is on his way to $1 million defending this, he may ultimately be on the hook for GS Capitals legal expenses as well.

Bubae
Re: gshores post# 13963
Tuesday, June 04, 2024 8:39:11 PM
Post# 13965 of 14269
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174544157&txt2find=supreme%2Bcourt
Link and case number for the docket schedule below. Bench trial scheduled for January 2025. The Nevada Supreme Court pretty much sums up the case for me with their statement denying the stay which expired February 15th. "When a contract is clear on its face, it will be construed from the written language and enforced as written."

Document 24-03599 dated February 3rd 2024 linked at right of line item
https://caseinfo.nvsupremecourt.us/public/caseView.do;jsessionid=DD86B554D3E6998D3A6E9EB41AA71067?csIID=68335

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 under which GS Capital sued—provided for exclusive Nevada jurisdiction.

All I can say is wow, Blackstar was really dealt a bad hand by the lower court. If you review the court briefs, Blackstar was injured by a miscarriage of justice. Hopefully the Nevada Supreme Court can grant Blackstar relief and punish GS Capitol for their obscene and criminal usury lending practices.
https://caseinfo.nvsupremecourt.us/public/caseView.do?csIID=68335

Opening Brief has been filed in the Nevada Supreme Court Case.

https://nvcourts.gov/supreme/how_do_i/find_a_case - Enter "blackstar" in the case caption search

Long way to go to become jewels of the OTC. Right now we hardly have that much of volume. Time will tell what will be the true worth.

Is a net worth approaching $3mm poor?

With out dream nothing happens, you are nothing and always will be cause you dont have vision. You keep doing you and stay poor.

How long until Blackstar can't pay their attorneys? Hmmm....

Blackstar is getting crushed with legal fees related to this stupid, stupid, stupid lawsuit. Stupid why? Because it is over the failure to deliver conversion shares in November 2023 that amounted to less than half the principle owed at the time. It was 257,701,499 million shares at what we would learn later was priced at $0.00006 a share, not a typo $0.00006, or a bit more than $15,000. The reported remaining principal balance on the GS Capital note was only $33,682. Now if GS Capital had gotten their conversions they would have made a small fortune off this while the fools who bought this drove it to a penny at the time.

So Q4 2023 we had an increase cash burn in legal and professional fees of $210,499. The reported Legal and professional fees were $363,253 for Q1 2024, and for Q2 2024 we see legal and professional fees of $232,942. According to the filing; "Legal and professional fees of $596,195 for the six months ended June 30, 2024 increased by $505,307 from $90,888 for the comparable 2023 period." Now, someone couldn't find the cash to pay off that stupid note balance last year? Stupid is as stupid does. 🙄

Blackstar is still borrowing from the so called friends and associates in Q2 but not enough to cover that cash burn. The balance sheet on page page 3 of the Q2 filing reveals a $874,101 accounts payable as of June 30th versus $358,001 as of December 31st 2023. I went back to the Q3 2023 filing and found that the accounts payable number was only $167,000.


Nevada Supreme Court Case Documents - linked by the document numbers at the right.
Excerpt from document # 24-04955
The harm imposed by Blackstar’s breach was then compounded on November 7, 2023, November 10, 2023, and November 16, 2023 (the “Subsequent
Conversions”), on which dates GS Capital would have converted and sold additional shares. The Note afforded GS Capital conversion rights to 257,701,499 shares from November 2, 2023, to November 16, 2023. See Reply to Injunction Motion (Dkt. No. 19), 6:4-13; see also Decl. of Gabe Sayegh at ¶¶ 9-15.

Bubae
Re: ericdude post# 13784
Sunday, May 12, 2024 8:55:38 PM
Post# 13788 of 14155
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174403108&txt2find=litigation%2Bfees
Here is what they have been burning cash on instead of product development. Legal and professional fees for the first nine months of 2023 was $116,028 according to the chart on page 4 of the Q3 filing. The 2023 annual reveals a total of for $326,527 legal and professional fees for 2023 which means that Blackstar has burned $210,499 in Q4 alone for these services. Compare that to only $25,140 for Q3 2023. So it would appear that Blackstar is getting crushed by this stupid GS Capital lawsuit filed on November 6th over what was a principle outstanding balance of only $33,682 as of September 30th 2023. Q1 2024 has also been very busy in terms of the lawsuit with their "Motion for Stay Pending Appeal" to the Nevada Supreme Court which was denied. It will be interesting to see what the lawsuit cash burn was for Q1 was.
For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000085/begi-20240331.htm.htm

Results of Operations

For the Three Months Ended March 31, 2024 compared to same period in 2023
Net loss for the three months ended March 31, 2024 was $499,072 as compared to $117,204 for the three months ended March 31, 2023, an increase of $381,868.

Legal and professional fees of $363,253 for the three months ended March 31, 2024 increased by $318,601 from $44,652 for the comparable 2023 period. The increase in legal fees for the 2024 period was predominately for fees related to litigation for convertible debt issues.


For the quarterly period ended June 30, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000098/begi-20240630.htm

Page 17

Legal and professional fees of $232,942 for the three months ended June 30, 2024 increased by $186,706 from $46,236 for the comparable 2023 period. The increase in legal fees for the 2024 period was predominately for fees related to litigation for convertible debt issues....

Legal and professional fees of $596,195 for the six months ended June 30, 2024 increased by $505,307 from $90,888 for the comparable 2023 period. The increase in legal fees for the 2024 period was predominately for fees related to litigation for convertible debt issues.

Correct! And a venture capital firm invested $8mm in them. An within one year of incorporating, they had sales of $20K per week. That's a real business. I'm afraid BEGI is no comparison. But hey, keep wishing!

And Jeff Bezos was his garage, so what !

Spot on

2nd quarter 10-Q is out. Nothing new except the company borrowed $25 K from 2 people ($50K total) and has $10K in the bank. For you longs here, why aren't they attracting private equity and can only money from individuals? In addition to paying back these individuals in shares, they also have to add sweeteners. That doesn't tell you something?

Where there’s smoke….theres HOT AIR. You’re like a bad Hollywood writer, using vague references to further the plot when in truth the movie would be over if the character just spoke true instead of vague hints. “I know how to defeat the bad guy but let’s just enjoy the sunset before I tell you”…..bad guy attacks right as the sun goes down…..

Looks like both BEGI and RONN are flea laden dogs.

Blackstar’s office space is Joe’s kitchen table

Blackstar doesn't need to pay for office space because they've been living rent free in your fraudster mind for over a year. Your post history is for all to see on your profile. Obviously, Blackstar means something.....to someone.....

Jewels of the OTC lolol. You've been saying the same thing for ages. 'Soon' is your favorite word. You are most likely an FOJ and you have no credibility here.

The internet provides A LOT of clues. I field my own investigation into the long term prospects and potential catalysts of a company. Those two companies will become the jewels of the OTC in short time. Where there's smoke there's fire.....

Hey Marc, why haven't you brought partners with 'large amounts of money to transform the companies overnight' yet? What are they waiting for?

I wouldn't be bragging about owning A LOT of RONN and BEGI. Now if you said you own a lot of NVDA, then I would probably be impressed.

Neither of these companies will be successful.

I own A LOT of RONN and BEGI, whichever company becomes successful first, I will use my profits to bankroll and help out the other and I will bring partners. Several people EACH pledging a large specific amount of money will transform either of these two companies overnight. I'm not the typical penny flipping OTC trader so be warned.

Marc, is your other big company you talk about RONN? The one that’s down 96% over the last 12 months?

8K out today to announce the latest press release of Tuesday the 13th. 🙄 I was wondering where the new interest was coming from this week. Same BS as has been issued for the past four years! Yes, four years they have been using this story to sell shares. Getting pretty weak though isn't it? The future is tokenization on blockchain and is what The DTCC has invested so much in it. In the article they state "not tokens" for a reason. 😆 He again tries to conflate what is going on with ETFs and te crypto market to what they are trying to do. One has nothing to do with the other. Bottom line is that Joe continues to sell the same narrative and the SEC continues to keep his idea shut down. You can bet that they are moving some of those vested registered shares to pay some bills from what I have seen this week. The last OS update was dated July 25th.


BlackStar Secures a Family of Patents to Pave the Way for Blockchain Trading of U.S. Securities
Tuesday, 13 August 2024 08:13 AM
https://www.accesswire.com/899983/blackstar-secures-a-family-of-patents-to-pave-the-way-for-blockchain-trading-of-us-securities

...BlackStar created a centralized blockchain that could trade registered common shares, not tokens, for the 30,000 publicly trading companies already registered and vetted...

BlackStar has disclosed its intentions to trade its shares digitally with the SEC and will seek final approval when connected to a BD.

In its filings with the SEC, BlackStar stated that if it could not secure a BD to participate in its digital blockchain platform, it would pursue an application to register as a BD. BlackStar has not yet made the decision as to whether to pursue a BD license.

To that end, Mr. Kurczodyna, stated, "With the introduction of ETFs securitizing the spot market of original cryptocurrencies like Bitcoin and the introduction of public companies trading their common shares on a blockchain, the growth numbers for registered securities on blockchain is estimated to be 10x once fully introduced to the U.S. Securities Markets."

BlackStar's Digital Trading Platform Concept Receives SEC Guidance in Q3 2020
Tuesday, 15 September 2020 12:00 PM
https://www.accesswire.com/606154/blackstars-digital-trading-platform-concept-receives-sec-guidance-in-q3-2020
The Company is positioning itself to trade BEGI common shares digitally on Amazon's Blockchain while complying with the rules and regulations within the Broker Dealer Eco-System. We believe that this parallel market may produce liquidity from price movement or arbitrage, along with low cost of entry and easy access to Bid and Offer prices for both shareholders and speculators. In July 2020, the Company presented the concept to SEC FinHub staff members for regulatory guidance and received the recommendation to apply for Alternative Trading System ("ATS") status. Given that guidance, we are evaluating our options for finalizing the BDTP, including exploring partnerships with existing ATS's. BlackStar will continue to seek further input from various regulatory agencies and OTC Markets on the potential functionality and regulatory aspects of the BDTP over the next several months.

BlackStar Enterprise Group, Inc. Provides Registration Statement Update
Wednesday, 15 March 2023 10:30 AM
https://www.accesswire.com/743761/blackstar-enterprise-group-inc-provides-registration-statement-update
We anticipate initiating formal discussions with the SEC and its relevant divisions and offices, including the Division of Trading and Markets, within the next six months with respect to seeking the approval or clearance of our shares being eligible to be traded on our BDTP™ platform. We believe it may take an additional six to nine months to address SEC comments and questions, and there is no assurance that we will be successful in our shares being approved or cleared for trading on our BDTP™ platform. The BDTP™ is not yet functional and may never be functional.


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

Page 3
...The completion of our software platform depends on our ability to license it to an existing Alternative Trading System (“ATS”) or for us to possibly register as an ATS, which we do not intend to do at this time as we would prefer to license our platform to an existing ATS. The platform is not currently operational or in use by anyone. We have recognized net losses of $1,046,983 in the year ended December 31, 2023. We have relied solely on sales of our securities, convertible note financing, and private loans to fund our operations.

Page 5
BlackStar Digital Trading Platform TM (“BDTP TM”): a digital Electronic Fungible Shares trading platform enabling the trading of BlackStar common shares in electronic fungible form. (The BDTP™ has not been approved by any regulatory agency or broker dealer and is not currently operational.)

Page 55
The Company’s success will be dependent upon its ability to analyze and manage the opportunities presented and is contingent upon successfully raising funds and ultimately SEC approval of our digital trading platform.

Page17
BlackStar intends to continue to seek further input from various regulatory agencies and others on the functionality of the BDTP™ over the next several months.

Same Story right, if you point out the facts behind this you have an agenda. Your post below saying the same things when this was trading above a penny while I was pointing out the dilution. You always claim to have strong due diligence to support your position yet all we hear are the usual promotional one liners. My investigation is paying off but that company is a long hold for me.
Savannah-Marc
Re: ice trader post# 4303
Wednesday, November 29, 2023 10:33:21 PM
Post# 4442 of 14004
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173325037
My dude, if you sold out of BEGI and stated you moving on, then why the fock you still here pissing and complaining and trying to shoot down Blackstar. Are you trying to save the little guy investor and make us beware the Blackstar or are you really just trying to scare up more shares and knock the price down??? The more you bash, the more I make, I own a sizeable amount of the float. Your fear tactics only encourage those like me to hold and accumulate more shares.
BLACKSTAR TO $5 A SHARE!!!!!
PLEASE BASH BEGI MORE, IT ONLY SHOWS THAT YOU'RE HERE AND WITH AN AGENDA!!!!!

"The share price can go ballistic any day now" Based on what? Is there something you know that we don't? 🤣🤣🤣

I would love to know who is paying these idiots to bash this little known company so hard. This is an exciting time to own this, share price can go ballistic any day now. You should see what I got going on with my other big company that I've been posting a lot on. My investigation is paying off but that company is a long hold for me.

Who & where

Looks good? Bubae loading?

The chart says no

I ask that to anyone who claims that a buyout or new investors are on the way. All these types of statements are hopes and guesses. No substance. But this is typical on penny stocks boards.

Blackstar climbing.