BlackStar Enterprise Group Inc (BEGI)

[Bubae]

If you read the back and forth between Blackstar and GS Capital in the documents listed on the Nevada Supreme Court site it was clear to me that Blackstar is clearly out of their depth in this matter. The Supreme Court order denying the stay summarized the problem with the statement "When a contract is clear on its face, it will be construed from the written language and enforced as written." Blackstar is simply racking up more legal fees and those for the GS Capital for which they will also be paying for from what I see. They are putting of the issuance of hundreds of millions of more shares to cover the interest and damages.

As for the dumping of unregistered shares. My opinion is the same as yours and Blackstar has been issuing share all over the place. If a company can just hand out shares at will why do any company's ever register shares. I have submitted my own complaint to the SEC. It is easy to do with the link below. I write my complaint up in advance in a Word document. Use the content to fill in the fields and attach the document at the end of the form.

SEC Office of the Whistleblower
https://www.sec.gov/whistleblower/submit-a-tip

Nevada Supreme Court lawsuit docket link
https://caseinfo.nvsupremecourt.us/public/caseView.do;jsessionid=3856EC6FBAE306463832E195DC457FC7?csIID=68335

ORDER DENYING STAY - document 24-05565
Bottom of page 2

("When a contract is clear on its
face, it will be construed from the written language and enforced as
written." (internal quote marks omitted)); and appellant has not
demonstrated a likelihood of success on the merits sufficient to tip the
balance of the NRAP 8(c) factors in favor of a stay. Accordingly, we deny
appellant's motions.


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

Page F-11
NOTE 5 – STOCKHOLDERS’ DEFICIT (continued)
Common Stock

During the year ended December 31, 2023, the Company issued shares of its common stock as follows:

• 845,162,311 shares for conversion of $200,432 principal and interest on convertible note payable.
  
  
• 71,250,000 shares valued at $266,063 as consideration for financing fees for loans made to the Company.
  
  
• 25,000,000 shares valued at $100,000 ($0.004 per share) as partial consideration for a media consulting contract.
  
  
• 56,788,923 shares for exercise of previously issued warrants at $0.0128 per share. The exercise price was revised to $0.00062 per share from $0.25 per share as per antidilution provision of the warrant agreement. The warrants were exercised on a cashless or “net” basis....

Page F-19
NOTE 12 – SUBSEQUENT EVENTS

In 2024, GS Capital filed notices of conversion and were issued, in three tranches, 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share on their note of October 11, 2021. (See Notes 7 and 11)