BlackStar Enterprise Group Inc (BEGI)

[Bubae]

That is up to a Judge right? Will the Nevada Supreme Court extend the stay? What additional damages will be awarded to GS Capital. That is just the balance of a single $33K for this company. We won't see another filing until the end of March or later to learn who else will be trying to convert. They have notes that matured two years ago that have been waiting for this to finally create some liquidity. Price doesn't matter since the notes convert at a steep discount to market. What they need are buyers in volume and a space to dominate the selling. Typically, unless they are pumping hard, this volume comes at the expense of price. Right?

Bottom line is that this narrative is basically the same as it was when the market priced this as low as $.0001 just days before this heavily promoted runup. Soon GS Capital will be moving those shares priced at $0.00012. GS Capital received their partial conversion on November 2nd for 59,998,666 shares priced at $0.00012 and the close for that day was $0.0016. If they had dumped all those shares immediately they could have banked $96,000. Of course they didn't and the price went up sharply after that. Funny right? Blackstar was hit with the restraining order on November 9th so it appears that these predatory lenders are the one's making bank on this run. Blackstar just simply made their situation worse with not handing over the shares for the $33K note balance. Blackstar denied GS Capital their shares at a time when the stock ran as hard as it did, if it were me, I would go after damages far beyond what is written in the note.

For the quarterly period ended September 30, 2023
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm

NOTE 7 – CONVERTIBLE NOTES

• GS Capital Partners made a $5,933 partial conversion, in two tranches, of the principal portion of their October 11, 2021 note together with accrued and unpaid interest of $1,267 into 59,998,666 shares of the Company’s common stock at a conversion price of $0.00012 per share under the conversion provision and terms of the note agreement.