Replies to post #1816 on BlackStar Enterprise Group Inc (BEGI)

[mretgnol]

Like double that...



118,078,138 shares issued and outstanding

at June 30, 2021


During the six months ended June 30, 2021, the Company issued shares of its common stock as follows:

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7,468,804 shares for conversion of $148,856 principal and interest on convertible note payable, and recognized a loss conversion of $166,422.

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300,000 shares valued at $24,000 ($0.08 per share) to a convertible note holder as consideration for the Company’s entering into certain third party transactions which were in default of the convertible promissory note, security purchase agreement and other related documents entered into on November 16, 2020.

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1,078,862 shares valued at $43,002 as consideration for financing fees for loans made to the Company.

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500,000 shares valued at $0.04 per share as partial consideration for software development costs.

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2,666,666 shares valued at $106,667 ($0.04 per share) to a convertible note holder. These shares have been issued as condition that the Company files a resale registration statement covering the underlying convertible shares. The shares are returnable to the Company upon the effective date of the registration statement. The resale registration statement was not filed in the period stipulated in the agreement with the note holder, and accordingly the $106,667 value of the shares has been charged to operations as of June 30, 2021.

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5,000,000 shares valued at $250,000 ($0.05 per share) to a convertible note holder. These shares have been issued as condition that the Company files a resale registration statement covering the underlying convertible shares. The shares are returnable to the Company upon the effective date of the registration statement.