BlackStar Enterprise Group Inc (BEGI)

[Bubae]

GS Capital did not accept the payment. 🙄 What payment from GS Capital would there be for Blackstar to reject. 🙄 Why do you think that GS Capital was awarded approximately 257,000,000 shares under a preliminary injunction. 🙄 A stay was ordered on the remainder of those conversions pending appeal. Why do you think this lawsuit is still very much active. 🙄 Read the 8K and understand the phrases "preliminary injunction" and "mandatory injunction" and "specific performance". Think that Blackstar's appeal to the Nevada Supreme Court means things are going well. 🙄 How serious ae the real consequences of this suit if they are taking it to that degree over what Blackstar should have done in the first place. That is hand over the conversion shares. Who do you think will be called on to pay the legal fees for this fiasco. Yep, more shares to sell to retail. 🙄

A preliminary injunction is temporary relief that preserves the status quo until the courts decide on the merits of the case.

A mandatory injunction is issued when a court directs a person to perform certain acts

specific performance the performance of a contractual duty, as ordered in cases where damages would not be adequate remedy.

FORM 8K January 11, 2024
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm

Meanwhile, the preliminary injunction ordered the Company to honor the conversion requests of November 2, 2023 (for the conversion of 62,084,333 shares of common stock – completed December 21, 2023) and the three subsequent requests GS Capital claimed it “would have” made (62,023,333 shares, 65,168,333 shares, and 68,425,500 shares). In order to comply with the mandatory injunction, prior to the stay, the Company increased the share reserve for GS Capital Partners LLC and they subsequently completed the first two conversions.

The Company appealed the Motion for Preliminary Injunction and Specific Performance to the Nevada Supreme Court on January 12, 2024. The Company intends to seek an extension of the stay with the Nevada Supreme Court pending resolution of the appeal. Such an extended stay would prevent conversions while the Nevada Supreme Court hears the Company’s appeal.