BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Of course "IT DOESNT MATTER WHAT YOU SAY." 🤣 What matters is what is in the filings. That is always the case with these stinky pink tickers. You won't find a lawsuit announcement in a press release. 😆

GET LOST BUBA IT DOESNT MATTER WHAT YOU SAY,THINK OR FEEL IT DOESNT MATTER

Bubae
Re: Savannah-Marc post# 6178
Saturday, December 09, 2023 6:15:53 PM
Post# 6205 of 6915
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173396267&txt2find=lawsuit



GS Capital Partners, LLC v. Blackstar Enterprises Group, Inc.
https://docs.justia.com/cases/federal/district-courts/nevada/nvdce/2:2023cv01903/165561/13
Filing 13
ORDER. IT IS ORDERED that defendant Blackstar Enterprises Group, Inc.'s 6 Certificate of Interested Parties is STRICKEN for failure to comply with Federal Rule of Civil Procedure7.1(a)(2). IT IS FURTHER ORDERED that the defendant file a proper certificate of interested parties by December 5, 2023. Signed by Judge Andrew P. Gordon on 11/21/2023. (Copies have been distributed pursuant to the NEF - AMMi)



For the quarterly period ended September 30, 2023
https://www.otcmarkets.com/filing/html?id=17069009&guid=25J-k6VdULSidth

ITEM 1A. RISK FACTORS
The risk factor included in the periodic report for the prior quarter ended June 30, 2023, is incorporated herein by reference.

The following additional risk factor shall be added:

A LAWSUIT WAS FILED AGAINST THE COMPANY ON NOVEMBER 6, 2023.

On November 6, 2023, GS Capital Partners LLC filed a lawsuit against the Company in Nevada regarding the unavailability of conversion shares relating to the Promissory Note entered into on October 11, 2021 and the remaining principal balance of $33,682. The plaintiff is seeking specific performance for the reserve of 700,000,000 shares, or damages in excess of $15,000, plus interest, costs, and legal fees. The lawsuit increases the company’s financial and administrative burdens and is a risk to the Company’s capital. Although the Company is attempting to settle the dispute by paying the note in full, there is no guarantee that this will settle the matter in its entirety. The Company may need to increase the authorized shares of common stock in order to accommodate any judgments or settlements, and the Company could be exposed to further risks of lawsuits for similar issues.


specific performance

A contractual remedy in which the court orders a party to actually perform its promise as closely as possible, because monetary damages are somehow inadequate to fix the harm.