Replies to post #15458 on BlackStar Enterprise Group Inc (BEGI)

[mretgnol]

Almost all that money they raised from dumping 1.8 billion shares ended up in their pockets. Rented virtual office, some filing and auditor fees, and pretty much bogus consulting fees.

As of March 31, 2025, the Company had cash of $193, working capital deficiency of $2,838,388 and an accumulated deficit of $11,944,164

The company was whacked by the Nevada Supreme Court which ruled in favor of GS Capital and reinforced contractual agreements are adhered to in Nevada, which crushes any further civil attempts by BEGI to recoup funds or shares from GS Capital.

In November 2025, BlackStar and GS Capital entered into a Settlement Agreement and Release with both parties agreeing that the litigation shall be dismissed with prejudice and each party being responsible for its own legal and other costs and expenses related to the matter.