BlackStar Enterprise Group Inc (BEGI)

[Bubae]

I thought a settlement may be in the works as well. However the latest update for the docket now includes a bench trial date for January 2025. When does the restraining order get lifted is the question. Blackstar has a lot of conversions queued up for this promotional period that got shut down in mid November just as this was getting some traction. The annual and the Q1 will reveal the cash burn form the lawsuit. This company has zero revenue and zero full time employees. They must borrow for everything they do. That debt in the S-1 offering matured two years ago with the Quick Capital note in default.


Bubae
Member Level
Re: None
Saturday, March 23, 2024 10:23:08 AM
Post# 12390 of 12539
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174098720

Earlier in the month we saw an update on the court docket for a "mandatory rule 16 conference" indicating that the GS Capital lawsuit was going to trial. An update last week shows that the rule 16 hearing was cancelled and now we have a new hearing scheduled for April 22nd. Looks to me like a settlement may be in the works...

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

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