BlackStar Enterprise Group Inc (BEGI)

[Bubae]

The Judge has yet to rule in Blackstar's favor other than granting appeals. Sign a legal contract for predatory lending and suffer the consequences. Or I should say, you retail traders suffer the consequences. Blackstar isn't appealing to the Nevada Supreme Court because they have been successful in their defense. Blackstar claims to be in the merchant banking business yet they can't manage two relatively small notes of 33K each, one with Quick Capital which in in default and the 33K balance with GS Capital Partners that resulted in this lawsuit. The company has zero revenue so this expensive litigation for only 33K will result in more borrowing and yet more shares conversions just for legal fees. Yes, death spiral financing would be appropriate. 😆 After two infomercial opportunities the CEO pretty much told everyone that this is business as usual which means, there is no business other than selling shares which now, a Judge has shut down. Most wouldn't believe this story if it were not for the filings.

Death Spiral Financing isn't a extortion/strangle document. That's why a judge will rule in favor of Joe.

NetworkNewsWire Releases Exclusive Audio Interview with BlackStar Enterprise Group, Inc. (BEGI)
ACCESSWIRE March 16, 2017
https://finance.yahoo.com/news/networknewswire-releases-exclusive-audio-interview-123000331.html

As of March 1, 2017, BlackStar is a fully reporting company with the SEC. Up next, says Kurczodyna, the Company is focused on generating liquidity for existing shareholders, getting stock in the market, and building its merchant bank to qualify for uplisting to a major exchange within 12-18 months.

Concluding the interview, Kurczodyna provides insight into BlackStar's overarching strategy.

"When we acquired BlackStar, our goal was to do exactly that and turn it into a merchant bank. International Hedge Group, the parent company, has put in $650,000 into this venture funding company...we did this with the intent to create a merchant bank, to fund other companies that needed to raise money. We have funded this thing 100% through our current company...to get this moving and to prove to the marketplace that we're real, that this is a real company, and that we're going to be around as long as private companies are around," he says.

AMENDMENT NO. 10 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.otcmarkets.com/filing/html?id=16735041&guid=vOJ-k6fOuP1zB3h

DESCRIPTION OF BUSINESS
Current Business

We are based in Boulder, Colorado and are engaged in Merchant Banking and Finance in the United States. BlackStar’s venue is private early-stage companies throughout various industries that, in our judgement, exhibit a potential for sustained growth. We are a publicly traded specialized merchant banking firm, facilitating joint venture capital to early stage revenue companies. We are actively seeking opportunities for discussion with revenue generating enterprises and emerging companies for financing.