BlackStar Enterprise Group Inc (BEGI)

[Bubae]

So the company was able to settle the Quick Capital defaulted note. The question that I have is why Blackstar has been able to dump so many unregistered shares for notes like this and even media contracts. Good question for the SEC. If a company can dump shares like this why would any actually go to the trouble of registering shares.

The Q3 was filed November 20th and there is no mention of this debt being settled in the subsequent events. It would appear that Quick Capital could have received their shares while this was trading as high as a penny at the end of November. Looking at $66,547 and 22,900,757 shares or $0.003 a share. I would like to know the date they sold those shares. At $0.009 that $66,547 would have been worth more than $200K. That $200K would have come straight out of the accounts of those who traded this stock at the time. In case some of you are interested in knowing where your losses went.


For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm

During 2023, Quick Capital converted, in two tranches of 4,900,757 and 18,000,000 shares, principal balance of $39,322 and accrued and unpaid interest of $27,225 at conversion prices of $0.000132 to $0.00366 per share under the conversion provision and terms of the note agreement. Upon delivery of the 18,000,000 shares converted under the second conversion, Quick Capital forgave the outstanding principal balance of $68,451.