BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Aside from the two defaulted convertible notes held by Adar Alef and SE Holdings I see no reason why GS Capital couldn't request conversions for the balance of their principle plus interest on their October 11th 2021 note which is the subject of the lawsuit. That note converts at 60% discount to the lowest trading price of the previous 20 trading days. Going back 16 days we have a low of $0.0013 which would give them a conversion price of $0.00052.

GS Capital October 2021 note
https://www.sec.gov/Archives/edgar/data/1483646/000106594921000193/ex10_4.htm


Bubae
Re: moondogaz post# 13729
Tuesday, May 07, 2024 10:36:11 PM
Post# 13732 of 13791
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174376152

Yeah, they have a media contract through the end of May. From what I see he will need to ink another to move more shares through the end of 2024. They have principle balances outstanding of $584,079 on the Adar Alef and SE Holdings notes that matured two years ago and are earning default interest of 24%. We also know that these toxic lenders have been dumping their conversions as they receive them.

For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 57
Liquidity and Capital Resources
.... the Company issued, as partial consideration, 25,000,000 shares of its common stock (valued at $100,000) to a media consulting firm for investor relations services under a six-month agreement through May 2024.