BlackStar Enterprise Group Inc (PK) (BEGI) Quote

The patents and platform will be worth a very very considerable amount of money when and where the markets begin to employ blockchain technology in equities trading. Burying GS Capital in a settlement or counter-suit will help with Blackstar's liquidity very shortly.....

Blackstar would be a perfect target for acquisition, the company is pretty much a one man band with CEO Joe K. and he's at a point where it would be much more effective to have a larger company come in and further build out the technology and platform. It's all a matter of time and when and where the markets begin to adopt and utilize blockchain. I'm bullish. It's akin to investing in steam engine locomotives while everyone else is still trying to use canals and stage coaches. The future is coming, whether one favors it or not, and what Blackstar has is definitely the future!

A good reference for that question on in post# 14057 which also has links to the information. The SEC gave them guidance on this subject going back to a September 2020 press release included in the post. The only comment that I am aware of in the five infomercials with the CEO made regarding the need to partner with a broker dealer or ATS starting about 2:50 into the April infomercial linked below.


Bubae
Re: burner67 post# 14055
Wednesday, June 19, 2024 7:23:06 PM
Post# 14057 of 14177
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174625818
...Comment segment on page 55 of the annual filing "...and ultimately SEC approval of our digital trading platform...." The lack of efficacy of the proposed trading platform has been an issue for years because of regulations governing securities. The CEO reveals this in the filings and used to comment on it in the printed pubic statements. But he is converting debt now so bringing the subject up is not conducive for share selling efforts. The problem is that he is getting very little debt relief relative to the shares issued for conversions.

Can you post where it says Blackstar trading isn’t allowed?

At least stock chat boards, right?

Predictions based on hope, not reality.

I think you pretty much just summed up the internet in general, lol

I don’t hate it. I just find some of the wild predictions without merit quite entertaining. But as I read some of the other boards, I’m realizing most penny investors are like that. Predictions based on hope, not reality.

If you hate this company so much, why are you here? Go waste your time somewhere else.

Explain how 20X price = $50mil. Not making sense to me.

The patent was received 7 months ago. If this was such transformative technology, you would have seen angel investors or venture capital step in a while ago.

Or someone wants the tech to control it. If they 20x price ( 50 million ). I would be ok with that. Am expecting more though,

Who says this is worth several hundred million to a billion? People on this board? I'm curious to know.

This trading platform is going no where. The SEC doesn't allow it too operate and all real world assets are going the route of tokenization. That is why Blackstar isn't attracting any real investors. This CEO has been reduced to borrowing from friends and associates according to the filings.


Bubae
Re: Savannah-Marc post# 14014
Tuesday, June 11, 2024 8:50:42 PM
Post# 14025 of 14167
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174583791
Sure looks that way Marc. Just not the way Blackstar proposes to do it which is why Blackstar isn't attracting investment capital. Heavy investment going into the tokenization of real world assets. The DTCC investment is the real deal, Blackstar has nothing to do with this space.DTCC completes acquisition of tokenization solution Securrency
December 11, 2023by Ledger Insights
https://www.ledgerinsights.com/dtcc-completes-acquisition-of-tokenization-securrency/

Meanwhile, last year DTCC launched Project Ion, a post trade stock settlement solution. It runs in parallel with DTC’s classic settlement system which remains the system of record, presumably to adhere to SEC requirements. That solution runs on R3’s Corda enterprise blockchain.


Bubae
Re: burner67 post# 14055
Wednesday, June 19, 2024 7:23:06 PM
Post# 14057 of 14065
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174625818
...Comment segment on page 55 of the annual filing "...and ultimately SEC approval of our digital trading platform...." The lack of efficacy of the proposed trading platform has been an issue for years because of regulations governing securities. The CEO reveals this in the filings and used to comment on it in the printed pubic statements. But he is converting debt now so bringing the subject up is not conducive for share selling efforts. The problem is that he is getting very little debt relief relative to the shares issued for conversions....
Goldman Sachs to launch three tokenization projects by end of year, says digital assets chief
BYLEO SCHWARTZ
July 10, 2024 at 9:29 AM EDT
https://fortune.com/crypto/2024/07/10/goldman-sachs-launch-tokenization-bitcoin-etfs-crypto-mcdermott/

Not until they sue someone for infringement and win. No one pays until a court enforces someone to pay.

Depends on what you consider this is worth, some say several hundred million to a billion.

Do you think company like IBM, Black rock or any others would acquire BEGI ? Most of the Pink sheet companies are not doing that great. Before there use to be times when some even ran to almost $2. with out much substance. Now hardly doubt anything like that can happen . If there is a Buyout all is possible based on realistic valuation. .

And your shares will never get expensive because this company has no sales, no subscriptions, not a dime of income. Also no SEC approval, which is mentioned in the latest 10-Q. Pretty obvious this is a bad investment but go ahead. Keep telling us what an amazing company it is!

Blah, Blah, Blah...Same old predictions from you Marc. They never come true. I sure hope people don't listen to you. You're horrible at this. Hey...I thought you were going to keep this from going into the teens? What happened? And don't forget to click on your favorite memes, the turd and the clown, after reading this. 🤣🤣🤣

Settlement talks have "re-engaged".
I'm betting GS Capital will settle with Balckstar before briefs are submitted. A Nevada Supreme Court loss would probably bankrupt GS Capital if a settlement doesn't. My shares are about to get very very EXPENSIVE AHAHAHAHA!!!!!!!!!!

Joe running out of bodies willing to lend him any significant amount of money.
Zero subscriptions or talks of a sale. Joe is scarily silent. Why? Very low volume and trade sizes are small. This is not looking good. We could be near the end of the road.

JOINT MOTION FOR EXTENSION OF TIME TO FILE THE OPENING
AND ANSWERING BRIEFS
Pursuant to NRAP 31(b)(3), Appellant Blackstar Enterprises Group, Inc.
(“Blackstar”) and Respondent GS Capital Partners, LLC (“GS Capital”) hereby
jointly move for extensions of time to file the opening and answering briefs.
A. The current due date and the requested extensions
Blackstar’s opening brief is currently due on July 23, 2024. Blackstar
respectfully requests a 30-day extension to file the opening brief, which would make
it due on August 22, 2024.
GS Capital’s answering brief is currently due on August 22, 2024. NRAP
31(a)(1)(B). To the extent Blackstar’s requested extension is granted, GS Capital
respectfully requests an additional 30-day extension to file the answering brief,
which would make it due on October 21, 2024.
B. Prior requests for an extension
Blackstar received one prior 14-day telephonic extension on July 8, 2024.
Blackstar has not had any requests for an extension denied.
GS Capital has not received any prior extensions and has not had any prior
requests for an extension denied.

C. There is good cause to grant the extension
There is good cause for the requested extensions for two reasons. First, along
with other conflicts, undersigned counsel was out of the country at the end of June
and beginning of July on a pre-planned family vacation. This has impacted
Blackstar’s ability to finalize the opening brief before the current deadline.
Second, and more importantly, the parties have re-engaged in settlement
discussions and the requested extensions will allow the parties to fully explore a
potential settlement before incurring additional legal expenses.
BROWNSTEIN HYATT FARBER SCHRECK, LLP
/s/ Eric D. Walther
ERIC D. WALTHER, ESQ., Nevada Bar No. 13611
BRENT R. OWEN, ESQ. (pro hac vice)
HAYNES AND BOONE, LLP
Attorneys for Appellant Blackstar Enterprises Group
LEWIS ROCA ROTHERBER CHRISTIE LLP
/s/ Ogonna M. Brown
OGONNA M. BROWN, ESQ., Nevada Bar No. 7589
TRENT EARL, ESQ., Nevada Bar No. 15214
CHRISTINE R. HOTCHKIN, ESQ., Nevada Bar No. 15568
Attorneys for Respondent GS Capital Partner

https://www.otcmarkets.com/stock/BEGI/disclosure

GLTA BEGI !

Cheers, Red

From Blackstar's latest 10-Q report:
"At an April 22, 2024 hearing, the Plantiff's [GS Capital] motion to dismiss our [Blackstar] counterclaims was denied."
I foresee a short squeeze like scenario playing out.....
Look into the case and form your conclusions.

The question about the company's cash burn for legal and professional fees for Q1 has been answered. Joe continues to get crushed by the lawsuit fees and all of his new borrowing continues to come from friends and associates. Institutional lenders or investors aren't touching this. Legal and professional fees of $363,253 for the three months ended March 31, 2024, an increase of $318,601 from the same period in 2023. The company burned through $210,499 for these services in Q4 2023. Bench trial is scheduled for January 2025. Blackstar could be on the hook for GS Capital legal fees on top of damages. At which time I would think Joe is done because this trading platform narrative is going nowhere.


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.

Interesting item in the Q1. Many like to mock my posts though I provide actual due diligence complete with posts to the information. Since the run in November I had been talking about the share dumping by these lenders and the requirement for the rule 144 holding period as not to attract attention from the SEC by acting as unregistered dealers. My early assumption that these lenders should be observing the holding period was of course in hindsight wrong. What we have known for some time is that they were indeed dumping those shares. See note from page 19 of the Q1 regarding SEC action against the manager of SE Holdings, LLC, and Adar Alef, LLC.

Remember my posts talking about the November 2023, Adar Alef 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? That 62 million shares in November was done while this was on its way to a penny and dumped into the volume. This information was in the annual but we do not see a share increase on the OTC site from September 30th to December 22nd.

Go to the filings leading up to the November run to find that The company issued 591,386,247 to 1800 Diagonal Lending over the course of the first nine months with nearly 487 million of that issued in Q2 and Q3. Then there are the hundreds of millions of shares dumped by GS capital shares at $0.00006, not a typo, $0.00006. What now about this activity. Details with links about these questionable share dumps for Blackstar stock can be found in post# 13885 linked below. I hope they all get hammered but what does this mean as far as the notes held by these lenders if they all have to disgorge their shares and pay the fines.


Bubae
Re: Short Squeeze post# 13884
Monday, May 20, 2024 11:48:41 AM
Post# 13885 of 14155
The SEC has been taking action against these toxic note holders for failure to register as deals for some time. This hasn't discouraged the obscene conversions for this stock. It would appear that these note holders have not been observing the Rule 144, 180 day holding period for unregistered shares. The SEC has been working on Rule 144 holding period amendments for some time. These amendments were to be formalized first in April 2022, then April 2024 and are now scheduled for October 2024. This rule 144 holding period amendment will codify what the SEC has been enforcing since 2022 charging toxic lenders with failing to register as dealers. I however wouldn't hold my breath because these predatory lenders have plenty of money to fund the lobbyists.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm

Page F13
ADAR ALEF, LLC
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.


For the quarterly period ended March 31, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000085/begi-20240331.htm.htm
Page 19
The Company is aware that on January 23, 2024, Aryeh Goldstein, Managing Member of SE Holdings, LLC, individually, and Adar Alef, LLC, also managed by Aryeh Goldstein, as the entity, settled charges with the SEC ordering them, in part, to surrender for cancellation all remaining shares 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 ($550,000), and for the current holdings of Adar Alef, LLC (5,000,000 shares of common stock of BlackStar).

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.

The 10-Q was definitely revealing. And not in a good way.

We are good now. OTCM shows Pink, and removed the grace period. Full steam ahead.

August 14.

What do you mean? The only financial records they needed to be current were for the 10Q for Q1 which were due in May. Or am I missing something here?

When is due date for that?

We still need Q2 fins to be current and escape the expert market. Hope Joe can get it done in time.

The Nevada Supreme Court rejected their request for a stay extension Back in February. Per the ruling "When a contract is clear on its face, it will be construed from the written language and enforced as written." This CEO is spending a small fortune defending this lawsuit. Where is your chatty CEO with the threat of this going to the grey market?

Bubae
Re: gshores post# 13963
Tuesday, June 04, 2024 8:39:11 PM
Post# 13965 of 14147
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."

I'm not worried, CEO Joe K. got the funding to take our case to the NV Supreme Court. The 10-Q was quite revealing. He knows what he's doing, so I'm just sitting back and chilling for now. Joe K. got the company this far, I have faith in his leadership and direction.

Do you know you can't buy when this hits expert market? Unless they submit every back set of fins in the next week or so, that is where we are headed.

I dedicated a specific amount of money toward buying more BEGI shares for a period of several months to keep the price where I desired it. I accomplished my goal. Currently, if events change, then I may be expanding my position. Right now, I own a significant amount of shares and I am comfortable and confident in my position.

Savannah-Marc 05/15/24 1:20 PM
I bought this back up with BLNK profits, so to my fellow Blackstar shareholders, you're welcome. I took a decent position in OKLO when it crashed last week and now I will be riding it up. I have a cash war chest built up and I will be devoting some of that to strategically buying BEGI. I will not let this go back into the teens. Good luck! 🤣🤣🤣

You say that alllll the time Marc. None of your predictions come true. But you should keep buying on these dips. BTW, did you read the 10-Q? Did ya?

At this point most people know there's nothing to fear missing out on. Sinking ship.

It's coming

FOMO starts soon!!!

Fake ask. Slap it to see what happens!

More borrowing from unrelated individuals. One person lent them $14,000. Seems dire.

Do you know what the best part of Blackstar's 10-Q report that they filed today is.....the part where it says:
"At an April 22, 2024 hearing, the Plantiff's motion to dismiss our counterclaims was denied."
WE HAVE A CASE!!!!!!!!!!

10 - q posed 3 hours ago.

NEVADA SUPREME COURT CASE!!!!

I think much of Blackstar's resources are focused on the case that they just filed on July 8th with the Nevada Supreme Court. Manipulation and arbitrage of BEGI will start heating up as the case progresses. I think Blackstar will win or GS Capitol will settle before a verdict. If someone else believes this too, then they may front run GS Capitol and start buying shares in expectation of GS Capitol becoming a guaranteed buyer! A short squeeze like scenario could take place. Just look it all up. I'm sure a paid basher will step in and try to tear my theory down. Stay well my fellow Blackstar investors.....and follow the court case, it may be "enriching".

Could be that the audit is a bit of a problem since the last accounting firm violated rules and is banned "...appearing or practicing before the SEC" . Speculating doesn't answer the more troubling question. That being, why has the CEO not commented? They have had a new accounting firm since June 3rd according to the latest 8K filing. Could they not a least roll out the Q1? This is beginning to smell more than usual. 😆

Form 8K
Date of report (Date of earliest event reported): May 3, 2024

On May 3, 2024, the Board of Directors of Blackstar Enterprise Group, Inc. (the “Company”) approved the dismissal of BF Borgers CPA PC (“BF Borgers”) as the Company’s independent registered public accounting firm. On May 3, 2024, the Securities and Exchange Commission (the “SEC”) announced that it had settled charges against Borgers that it failed to conduct audits in accordance with the standards of the Public Company Accounting Oversight Board (the “PCAOB”). As part of the settlement, Borgers agreed to a permanent ban on appearing or practicing before the SEC. As a result of Borgers’ settlement with the SEC, the Company dismissed Borgers as its independent accountant.

I just noticed it over the weekend. We may get slammed because of the change in accounting. They haven't filed fins yet this year.

He might be working on the audit

That was my question when the posted it on the OTC site. They should have included a date for when it was issued. My guess would be at the end of Q2. The grace period is only good for 15 days then they get dropped to the grey market. The bigger question for me is why the CEO, who has been very chatty with videos and press releases since the beginning of the year, not commented.

Grey Market
Grey Market, "OTC" or "Other OTC" is a security that is not currently traded on the OTCQX, OTCQB or Pink markets. Broker-dealers are not willing or able to publicly quote OTC securities because of a lack of investor interest, company information availability or regulatory compliance.