BlackStar Enterprise Group Inc (BEGI)

[Bubae]

No mention of the appeal to the Nevada Supreme Court in the latest lawsuit update and judging from the outstanding share count increased it would appear that the effort to extend the stay was not successful.

OTC outstanding share count dated January 5th 300,124,013 shares added. Restricted increased by 153,350,000 so what was added for current trading was about 146,774,013. Outstanding share count increase dated February 2nd for an additional 62,027,333 shares. This number closely matches the second tranche of shares listed in the January lawsuit update 8K of 62,023,333 shares. Outstanding share count increase dated March 1st for an additional 65,168,333 shares. This number exactly matches the third tranche number in the 8K. The last tranche directed by the preliminary injunction to come is for 68,425,500. So the 180 day holding period shows that the December tranche of lawsuit shares should be vested around the end of June. But the January 5th update was for a total of 300,124,013 shares, so they all could be eligible around then.


Update to November 6, 2023 Nevada Lawsuit
Date of report (Date of earliest event reported): January 11, 2024
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm

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.

Update to November 6, 2023 Nevada Lawsuit
Date of report (Date of earliest event reported): February 27, 2024
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594924000023/blackstarmarch2024v2.htm