BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Interesting comment about owning restricted shares. I'm not sure why what you own is still restricted. Prior to the January 5th outstanding shares count update Blackstar had 52,916,867. The January 5th outstanding shares count increased by 300,124,013 shares with the restricted increasing by 153,350,000. It will be interesting to see what the source of these new restricted shares are. Consider the below possibilities

Blackstar filed a FORM D last May for $125K with $30K going to "Consulting fees may be paid to parent International Hedge Group, Inc. and/or officers of Blackstar." The offering lists the number of investors as 4. First sale date of March1st 2023. So $30K estimated as of closing on March 1st at $0.0006 would have netted someone roughly 50 million shares. I guess the question would be is that the 52,916,867 shares listed as restricted before the January 5th increase. Those shares should have vested after 180 days.

The S-1 offering has three notes listed with registration rights and received its notice of effect July 2023. Two of the notes had principle balances totaling $597,534 as of the Q3 filing. The third, Quick Capital note has been in default since April 2022 and is being disputed by Blackstar though not currently in litigation. All three had FORM D filings at the time of their note agreements, Quick Capital November 2020, The other two in January 2021 and April 2021.

Another possibility for restricted shares would be those issued per the notice in the Q2 filing note 10- subsequent events of 154 million shares. Pretty close to the 153,350,000 restricted share increase of January 5th. This company has shares coming at all angles.

Form D May 19th 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000054/xslFormDX01/primary_doc.xml

AMENDMENT NO. 10 TO FORM S-1
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000063/blackstar_s1a10.htm

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

NOTE 10 – SUBSEQUENT EVENTS
On July 1, 2023, the Board of Directors approved and authorized the issuance of shares of the Company’s common stock as follows:

• 1,000,000 shares to Robert LaPointe as a Director of the Company.
  
• 2,000,000 shares to new officers of the Company.
  
• 1,000,000 shares to new advisors of the Company.
  
• 150,000,000 shares reserved for issuance pursuant to a stock option plan to be adopted by the Company.