BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Lies? 😆 Pumpers of this stock have had a solid lock on the disinformation here since October 24th and most who have played with this has lost their azz. Here are some more lies right from the company own print. It isn't often that you see lenders taking even a stinky pink to court to get their shares. The consequences of this lawsuit must be fairly severe for Blackstar to continue to not settle what was originally only $33K in principle balance. Can't wait to see what this will ultimately cost Blackstar in shares.

Since Blackstar doesn't seem to believe they must pay their institutional lenders with one note in court and another in default for nearly two years they have turned to borrowing from so called "unrelated individuals". A series of eight, nine months notes, two matured in December and two more in February. Not to worry though because GS Capital has a restraining order on Blackstar preventing them from trading shares as of mid November 2023. I guess these individuals believe they will do better with recovering their money than the institutional lenders were. Now the shares promised as sweeteners for the notes is noted ..."to be issued" at September 30th and along with 8 million shares for company principles comes to a total of 41,750,000 shares. Now were these issued before the restraining order in mid November? If so then count 180 days to vest these unregistered shares and could they vest in March? April?

Bubae
Re: moondogaz post# 11690
Monday, February 19, 2024 6:40:18 AM
Post# 11698 of 12054
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm

They have a series of eight, nine month notes, two matured in December 2023 and two more mature this month with ambitious conversion prices of $.0067. The last note written by an institutional lender appears to be May of 2022 by 1800 Diagonal Lending. The three notes in the S-1 offering matured a couple of years ago with one currently in default. The pipeline continues to fill now with the GS Capital lawsuit shares priced at $0.00013. Blackstar is having trouble with the institutional lenders, not sure how these smaller individual notes expect to convert. So yeah, I would have to think $0.008 is very doubtful.

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 5 – STOCKHOLDERS’ DEFICIT
Common Stock

At September 30, 2023, the Company has recorded common stock to be issued as follows:

• 33,750,000 shares, valued at $13,125, as additional consideration for loans made to the Company during the period (See Note 8).
  
• 8,000,000 shares, valued at $3,200, to officers/directors/advisors to the Company (See Note 9).

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

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.