BlackStar Enterprise Group Inc (BEGI)

[Bubae]

They also have debt in default. There is zero revenue from zero business so they are wholly dependent on borrowing supported by share conversions. The statement below is in all three quarterly filings this year. $133K converted at 50% of the lowest trading price during the delinquency period, .00005 would require 2.6 billion shares. Holy Crap! 🤣

Begi has debt.

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2023
https://www.otcmarkets.com/filing/html?id=17069009&guid=-mJ-k6UIqQlEdth

NOTE 7 – CONVERTIBLE NOTES

In April 2022, Quick Capital LLC issued a notice of default on its $33,275 convertible note to the Company dated November 16, 2020 and stated that the outstanding amount due on the note is $133,317, the default interest per annum is 24%, and that the conversion price is the lowest trading price during the delinquency period with a 50% discount. The Company has recorded accrued default interest on the note at the rate of 24% per annum from May 24, 2021 (date of default) to September 30, 2023 based on the original loan value of $33,275. At September 30, 2023, the accompanying financial statements reflects an outstanding loan balance due to Quick Capital LLC of $33,275 and accrued interest of $9,569. The Company and Quick Capital LLC have been in discussions to reach a reasonable and fair settlement of the balance due on the financing agreement.