BlackStar Enterprise Group Inc (BEGI)

[Bubae]

All anyone who is clinging to the possibility that this lawsuit can in anyway be beneficial to Blackstar can simply read the answering brief which pretty well covers what is going on in this single document. The benefit of the contract, as with all toxic notes, is completely written to cover the predatory lender. Blackstar can't even attract these types of loans anymore with two in default since 2022 and this one in litigation.

What matters is that the ridiculous consequences of such huge accrued legal expenses over what was originally such a relatively small sum owed speaks to the incompetency of the management of this company. Now they are trying to unload the costs of litigation onto traders of Blackstar stock with the new dilution using the Section 3(a)(10) exemption from registration for more than $860K of what will be more than $1 million in new dilution converted at a steep discount to market. Blackstar last borrowed a total of $50K from two individuals in July. The cash balance of as of September 30th was $2,179. I see no new borrowing up to the release of the Q3 filing. People need to start buying those new shares in earnest or CEO Joes attorneys may take a hike. 😆

Nevada Supreme Court lawsuit docket link
https://caseinfo.nvsupremecourt.us/public/caseView.do;jsessionid=3856EC6FBAE306463832E195DC457FC7?csIID=68335
SEE DOCUMENT ##24-49351 FOR THE GS CAPITAL ANSWERING BRIEF. PDF documents listed at the far right of each line item.


For the quarterly period ended September 30, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000133/begi-20240930.htm

Page 7
NOTE 2 – GOING CONCERN

...As shown in the financial statements for the nine months ended September 30, 2024 and the year ended December 31, 2023, the Company has generated no revenues and has incurred losses. As of September 30, 2024, the Company had cash of $2,179, working capital deficiency of $2,568,410 and an accumulated deficit of $11,529,344...

Bubae
Re: Hotel Delta post# 14975
Tuesday, December 17, 2024 6:54:44 AM
Post# 14976 of 15016
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175538972

Buyer beware. Massive dilution is in the pipeline.

On October 29, 2024, BlackStar Enterprise Group, Inc. ("BEGI", "BlackStar", or the "Company") entered into a proposed settlement for purchase of $861,539.26 of debt owed to BlackStar's creditors...