BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Aside from the current dilution of 698 million shares working its way through the system, there is the S-1 offering that will be eligible after the first of the year. There are also a series of nine month convertible notes issued beginning in March that will mature in the coming months. As if that isn't enough, there is also a regulation "D" offering in play. Hope everyone told their friends about this ticker because they have a ton of shares to sell. 🙄 Look for an authorized share count increase filing soon.


FORM D May,19th 2023
Notice of Exempt Offering of Securities
https://www.otcmarkets.com/filing/html?id=16668147&guid=WuJ-kahrG2lS-ch


For the quarterly period ended September 30, 2023
https://www.otcmarkets.com/filing/html?id=17069009&guid=WuJ-kahrG2lS-ch

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

On July 1, 2023, the Board of Directors approved and authorized the issuance of shares of the Company’s common stock as follows: 1,000,000 shares each to Directors of the Company; 2,000,000 shares each to new officers of the Company; 1,000,000 shares each to new advisors of the Company. During the period ended September 30, 2023, the Company issued an aggregate 8,000,000 shares of its common stock to four individuals, valued at $3,200 ($0.0004 per share), based on the trading price of the Company’s common stock as of the date of grant. The shares were issued for services rendered and the issuance was made by us in reliance upon Section 4(a)(2) of the Act and under an exemption of Rule 506(b) of Regulation D,

under Regulation D as promulgated by the SEC under the 1933 Act, and/or Section 4(a)(2) of the 1933 Act. The Company intends to use the funds to continue limited operations, including finding a broker-dealer and/or ATS to host the BDTP TM, legal and professional fees, consulting fees, and general and administrative expenses. A substantially similar form of the note is attached as Exhibit 10.1 to the Current Report on Form 8-K filed on June 10, 2019, but with the terms mentioned herein.