International Hedge Group, Inc. - Dec 31, 2023 Form 5 Insider Report for BLACKSTAR ENTERPRISE GROUP, INC. (BEGI)

Role: 10%+ Owner
Signature: /s/ Joseph E. Kurczodyna as CEO
Stock symbol: BEGI
Transactions as of: Dec 31, 2023
Transactions value $: $0
Form type: 5
Date filed: 12/17/2024, 02:11 PM
Previous filing: Jul 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BEGI	Common Stock						4.79M	Dec 31, 2023	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	BEGI	Class A Convertible Preferred Stock						1M	Dec 31, 2023	Common Stock	100M		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	International Hedge Group, Inc. ("IHG") controls voting of the BlackStar Class A Super Majority Voting Preferred stock which votes 60% of the common at all times. Mr. Kurczodyna has control of IHG through IHG Class A Super Majority Voting Preferred shares.
F2	The Class A Preferred Convertible Stock can be converted at any time at a ratio of 100 shares of the common stock of the Company for each share of preferred stock of the Company. These shares do not have an expiration date. Joseph E. Kurczodyna, the Issuer's CEO, CFO and Director, is an Officer, Director and Owner of International Hedge Group, Inc. Mr. Kurczodyna is the controlling shareholder of IHG through his sole ownership of preferred voting stock of IHG. Mr. Kurczodyna, through IHG, controls voting of the BlackStar Class A Supermajority Voting Preferred Stock which votes 60% of the common at all times and has the right to convert all of the Class A Supermajority Voting Preferred Stock (1,000,000 shares) into 100,000,000 shares of common stock of the Company, which at this time would be approximately 5% of shares outstanding. No conversion of preferred shares is planned at this time.

Content

International Hedge Group, Inc. ("IHG") controls voting of the BlackStar Class A Super Majority Voting Preferred stock which votes 60% of the common at all times. Mr. Kurczodyna has control of IHG through IHG Class A Super Majority Voting Preferred shares.

The Class A Preferred Convertible Stock can be converted at any time at a ratio of 100 shares of the common stock of the Company for each share of preferred stock of the Company. These shares do not have an expiration date. Joseph E. Kurczodyna, the Issuer's CEO, CFO and Director, is an Officer, Director and Owner of International Hedge Group, Inc. Mr. Kurczodyna is the controlling shareholder of IHG through his sole ownership of preferred voting stock of IHG. Mr. Kurczodyna, through IHG, controls voting of the BlackStar Class A Supermajority Voting Preferred Stock which votes 60% of the common at all times and has the right to convert all of the Class A Supermajority Voting Preferred Stock (1,000,000 shares) into 100,000,000 shares of common stock of the Company, which at this time would be approximately 5% of shares outstanding. No conversion of preferred shares is planned at this time.