Extending our previous results on trans-Planckian ($Gs gg hbar$) scattering of light particles in quantum string-gravity we present a calculation of the corresponding S-matrix from the region of large impact parameters ($b gg Gsqrt{s}>lambda_s$) down
to the regime where classical gravitational collapse is expected to occur. By solving the semiclassical equations of a previously introduced effective-action approximation, we find that the perturbative expansion around the leading eikonal result diverges at a critical value $b = b_c = O(Gsqrt{s})$, signalling the onset of a new (black-hole related?) regime. We then discuss the main features of our explicitly unitary S-matrix -- and of the associated effective metric -- down to (and in the vicinity of) $b = b_c$, and present some ideas and results on its extension all the way to the $ b to 0$ region. We find that for $b<b_c$ the physical field solutions are complex-valued and the S-matrix shows additional absorption, related to a new production mechanism. The field solutions themselves are, surprisingly, everywhere regular, suggesting a quantum-tunneling -- rather than a singular-geometry -- situation.
