BlackStar Enterprise Group Inc (BEGI)

[Bubae]

I had expected Blackstar to settle this long ago so it really speaks to how strong and lucrative GS Capital believes their case is. Blackstar should have handed over the shares when requested November 2nd. As it is GS capital likely made a small fortune off that initial conversion of nearly $6000 for 60 million shares done in Q2. It should have been vested by the late December and part of the take down netting them $200K or more. Gives you an idea of how much GS Capital stands to make of those lawsuit shares priced at $0.00013. Ever see such a spread for conversions? Talk about a poorly managed situation by Blackstar.

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For the quarterly period ended June 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000073/begi-20230630.htm

NOTE 7 – CONVERTIBLE NOTES

GS Capital Partners made a $5,933 partial conversion, in two tranches, of the principal portion of their October 11, 2021 note together with accrued and unpaid interest of $1,267 into 59,998,666 shares of the Company’s common stock at a conversion price of $0.00012 per share under the conversion provision and terms of the note agreement.[/color]