BlackStar Enterprise Group Inc (BEGI)

[Bubae]

You think that is a bargain, GS Capital is getting their shares for $0.00013. Check it out, The last share count increase dated February 2nd closely matched the second tranche of shares in the 8K lawsuit update. The increase today update exactly matches the third tranche of 65,168,333 shares stated in the 8K. 68,425,500 shares left on preliminary injunction addressing just what owed on the principle balance of $33,682. Next up is the judgement addressing the interest, potential default penalties and legal fees. Ever see a ticker create such a mess over a principle balance of only $33K?

Bubae
Re: None
Tuesday, February 13, 2024 8:21:41 AM
Post# 11514 of 12022
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173833062

Outstanding share count increase dated February 2nd for an additional 62,027,333 shares. This number closely matches the second tranche number stated in the 8K...

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

As currently postured, Plaintiff seeks specific performance (a mandatory injunction) requiring the conversion of approximately 257,000,000 shares and possibly additional recovery of legal fees and interest. The lawsuit increases the Company’s financial and administrative burdens and is a risk to the Company’s capital.

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.