BlackStar Enterprise Group Inc (BEGI)

[Bubae]

The lawsuit continues. Update for the docket comments as of 02/27 "...Answer to Complaint and Counterclaim Against GS Capital Partners, LLC". The next financial filing should be very interesting. The restraining order grated in mid November prevents Blackstar from trading any shares, so did they get any of the debt in the S-1 offering converted. How bad are the consequences of this lawsuit that Blackstar would continue to not settle. The annual last year wasn't released until April 6th after a late notice. You can bet that they will not be in any hurry to release it this year. In the mean time maybe we see another lawsuit update 8K?


FORM 8K
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm

...a temporary restraining order was entered preventing the Company from trading any shares...

The Company may need to increase the authorized shares of common stock in order to accommodate any continued conversions, judgments, or settlements, and the Company could be exposed to further risks of lawsuits for similar issues. The Company will also expend additional resources in the ongoing litigation and any potential resolutions outside the above-reference conversions to common stock (which were already contemplated in the original convertible promissory note), negatively impacting its financial position.


case number is A-23-881099-B, plug it into the court search query linked below.

https://www.clarkcountycourts.us/Portal/