Replies to post #12153 on BlackStar Enterprise Group Inc (BEGI)

[Bubae]

You can make light of Blackstar's debt but no one is coming to their rescue. They handed over 698 million shares at $0.00017 to settle on a bit more than $116K of debt in 2023. Now they risk many hundreds of millions of shares in the lawsuit on what was a principle balance of $33,682. There is the Quick Capital note in default that could potentially convert for more than a couple of BILLION shares under the default terms of that note. Can't make this stuff up.

We will see in the annual which should be released by the first week of April to see if any of the $597,534 in principle of the S-1 offering was converted before the lawsuit restraining order prevented Blackstar from trading any shares. That is the real damage being done here is the restraining order preventing Blackstar from converting any of that debt while they are promoting the current narrative. The only reason this isn't back into the deep trips now is because of the moratorium on the issuance of new shares aside from the GS Capital issuances. Those GS Capital should be ready to go by the end of June when the fun will start once again.

Bubae
Re: None
Wednesday, March 13, 2024 12:21:20 AM
Post# 12111 of 12159
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174027652

Then we have 2020 note of $33,275 for Quick Capital that matured on July 16, 2021 and was declared in default in April 2022. At the time of default Quick Capital was claiming $133,317 and with the $24% default interest that note should be well over $200K by now. This is a particularly nasty note with conversion language that calls for a 50% discount to the lowest trading price during the delinquency period. We see two dates just prior to the November runup of $0.0002.