BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Relative to the conversion language in a toxic note the debt is huge. Nine months of conversions issues for nearly 700 million shares to cover only $116K in notes. You will realize the impact of issuing far more shares than the actual outstanding share count soon in my opinion.

I see language in a defaulted note that is worth as many as 2.6 billions shares on a note that was originally written for only $33K. Quick capital isn't exactly where a healthy business goes for funding. The company states that they "have been in discussions to reach a reasonable and fair settlement " They should have either read the fine print or paid the $33K. This will get settled for a ton of shares because they have zero business, zero revenue, a trading platform idea along with the underlying patent that will take years for SEC approval it at all.

This debt is insanely small… Lol

https://www.quick-capitalfunding.com/


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

NOTE 5 – STOCKHOLDERS’ DEFICIT
Common Stock
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.


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.