Replies to post #12561 on BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Wow, so Blackstar is the aggrieved party. 🙄 Didn't know that. 😆 See I thought GS Capital was the one with rights to convert under the terms of the note and Blackstar pretty much thumbed their nose at them. The preliminary injunction shares were ordered to cover the outstanding principle because I'm pretty sure the judge decided that GS Capital is owed at least that. Real due diligence with links can be found in post #12113.


Bubae
Re: None
Wednesday, March 13, 2024 1:14:51 AM
Post# 12113 of 12562
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174027735

So I see a request for shares by GS Capital date in the January lawsuit update 8K of November 2nd 2023. Then GS Capital files the lawsuit on November 6th followed by the granting of the restraining order by the court on Blackstar dated November 9th according to the docket schedule. We do see an attempted payment by Blackstar dated November 15th in the Q3 2023 filing. I say attempted payment because this is what Blackstar states in the January lawsuit update 8K "...The Company attempted to resolve the dispute by paying the note in full..." The November 15th date of "attempted" payment was well after the November 2nd request for shares but who am I to say since I admit that I am not an attorney. 😆 This is fun to watch as Blackstar twists in the legal winds over a stupid note remaining principle balance of only $33,682. 🙄

[kid biscuit]

Totally think that is possible! They already dumped all their previous conversions on retail and dumped their bid support after they were finished. Is there any reason the industry doesn't call them Death Spiral Finance? They keep the 99% / 1% tilt going in their favor as long as they can. Decades of it at 10's of billions of profit going to come to an end.....BEGI is here to stay!