BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Dreamers. Blackstar will be the ultimate winner after being sued for the failure to diver shares. SMH "...The Company may need to increase the authorized shares of common stock in order to accommodate any judgments or settlements, and the Company could be exposed to further risks of lawsuits for similar issues..." Bench trial scheduled for January 2025.

Bubae
Re: Savannah-Marc post# 12788
Sunday, April 07, 2024 9:09:17 AM
Post# 12790 of 12821
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174192319&txt2find=disputed
To believe a settlement is good new for shareholders is laughable. A good settlement for Blackstar is that they hand over something like 500 million shares rather than the original 700 million in the lawsuit. Bench trial is scheduled for January 2025 for interest, legal fees and costs. There were default penalties in the note including a $500 a day charge for the failure to deliver requested shares. Blackstar may request that the restraining order be lifted on the 22nd now that the shares ordered by the preliminary injunction have been issued. 427,319,679 new shares added, of that 153,313,087 restricted, since the December 22nd OS update. They may soon get back to selling the shares that were queued up before the restraining order in November.

Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm

At the outset of the case, a temporary restraining order was entered preventing the Company from trading any shares.

Plaintiff seeks specific performance (a mandatory injunction) requiring the conversion of approximately 257,000,000 shares and possibly additional recovery of legal fees and interest.


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

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