BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Who would buy these method patents. The trading platform isn't allowed to operate and the other two are nothing but paper at this point. None have demonstrated that there is a market for these ideas. What we know is that hundreds of thousands in defaulted debt still needs to be converted and that is what the present share structure is for. This CEO has been burning shares receiving relatively little in debt relief and has taken on another $614,000 in new notes since March 2023 that have maturities of a year and less. This CEO has controlling interest in this company through his ownership of the series "A" preferred shares. For him to realize a decent payout from any deal he would need to unload as much debt on shareholders as possible.


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

Page F-10
NOTE 5 – STOCKHOLDERS’ DEFICIT
Preferred Stock

The Company has authorized 10,000,000 preferred shares, with a par value of $0.001 per share. The Company issued 1,000,000 shares of its Series A Preferred Series stock to IHG in fulfillment of the purchase agreement. These shares are convertible at a ratio of 100 shares of the common stock of the Company for each share of preferred stock of the Company.


Page 61
BIOGRAPHICAL INFORMATION
Joseph E. Kurczodyna, Chief Executive Officer, Chief Financial Officer and Director

In 2014, Mr. Kurczodyna was one of the founders of International Hedge Group Inc. (IHG). In 2016, IHG acquired 44,400,000 shares of common stock and 1,000,000 Class A Preferred shares in BlackStar Enterprise Group Inc. As of December 31, 2020, IHG owned 4,792,702 shares of common stock and 1,000,000 Class A Preferred shares in BlackStar Enterprise Group Inc., and Mr. Kurczodyna became the controlling shareholder of IHG by issuance of super majority voting preferred shares.