BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Update for the docket comments. The hearing for next week has been vacated and we have a new hearing scheduled for April 22nd. Looking forward to the annual to see what conversions that were queued up for this promotional period were stopped by the restraining order in November.


Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000023/blackstarmarch2024v2.htm

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

The risks of continued litigation on this matter are as follows: 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/