BlackStar Enterprise Group Inc (BEGI)

[Bubae]

I wouldn't get too excited about any private placement talk, especially since we know that they are grasping for every single promo point to move those new shares. The filings are littered for years with "We may offer" and "We intend to offer" with regard o this subject of private placement. The only preferred shares are those series "A" shares held by the estate of John Noble Harris and Joseph E. Kurczodyna, the current CEO. These shares represent "Super Majority Voting" power concerning all matters of business for this company. Private placement could also mean "Private Placement of Convertible Notes with Registration Rights" a heading you will find in the S-1 for convertible notes. It will be hard to sell real investors on this narrative of a product that cannot be monetized under current regulatory rules governing securities and the fact that company has zero revenue.

Private placement
Can't wait to see those details. I hope it's true because it's the first time I have heard about it.

AMENDMENT NO. 10 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000063/blackstar_s1a10.htm

NOTE 5 – STOCKHOLDERS’ DEFICIT (continued)
Preferred Stock

The Company has an authorized number of preferred shares of 10,000,000, with a par value of $0.001 per share. On August 25, 2016, the Company issued 1,000,000 shares of its Series A Preferred Series stock to IHG in fulfillment of the purchase agreement. These shares are convertible at a ratio of 100 shares of the common stock of the Company for each share of preferred stock of the Company.

OFFICERS AND DIRECTORS
(4) International Hedge Group, Inc. (“IHG”), the estate of Mr. Harris, and Mr. Kurczodyna are shown collectively as each own significant IHG common shares. IHG also controls voting of the BlackStar Class A Super Majority Voting Preferred stock which votes 60% of the common at all times. Mr. Kurczodyna additionally has effective control of IHG through IHG Class A Super Majority Voting Preferred shares.


For the quarterly period ended September 30, 2019
https://www.otcmarkets.com/filing/html?id=13749875&guid=LKJ-kKMYSj77B3h

We intend to offer a private placement of stock or Notes to investors in order to achieve an additional approximately $800,000 in funding in the next six months. We have not yet commenced the offering, but intend to commence this offering in the 4th Quarter of 2019.

For the quarterly period ended September 30, 2020
https://www.otcmarkets.com/filing/html?id=14505798&guid=LKJ-kKMYSj77B3h

We may offer a private placement of stock or notes to investors in order to achieve an additional approximately $700,000 in funding in the next six months. We have not yet commenced the offering, but may commence this offering in the 4th Quarter of 2020.

For the quarterly period ended September 30, 2021
https://www.otcmarkets.com/filing/html?id=15353758&guid=LKJ-kKMYSj77B3h
Recent Updates

Based on our current cash reserves of approximately $559,438 as of September 30, 2021, we have the cash for an operational budget of less than twelve months. We intend to offer a private placement to investors in order to achieve at least $1,000,000 in funding in the next year. We intend to commence this offering in the winter of 2021.

For the quarterly period ended September 30, 2022
https://www.otcmarkets.com/filing/html?id=16214300&guid=LKJ-kKMYSj77B3h
Recent Updates

Based on our current cash reserves of approximately $98,662 as of September 30, 2022, we have the cash for an operational budget of approximately six (6) months. We intend to offer a private placement of common shares to investors in order to achieve at least $5,000,000 in funding in the next year to scale our business plan. We intend to commence this offering in winter of 2022.

For the quarterly period ended September 30, 2023
https://www.otcmarkets.com/filing/html?id=17069009&guid=LKJ-kKMYSj77B3h

At September 30, 2023, we have cash reserves of approximately $51,099, which enables us to only sustain limited operations. We intend to offer a private placement of preferred shares to investors in order to achieve at least $5,000,000 in funding in the next year to scale our business plan. We intend to commence this offering in the first quarter 2024.