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Waiting to re-load.... liked " it's a bit of a stretch"..lol...SMH....
Start up? This thing has been around since 2017. A startup in it's 7th year... lol
It is a bit of a stretch to continue to call this a start-up. I would say that the trading platforms time is up at this point and the future, which is now, is tokenized stock on a blockchain which is not what Blackstar does. The best evidence is the fact that the CEO no longer talks about overcoming the issues preventing the proposed trading platform from operating. Five infomercials so far for 2024 and not word on any progress because it would seem to be a fact that their “BDTP ™” product will never be used in the market. In July 2020, the Company presented the concept to SEC FinHub staff members for regulatory guidance and received the recommendation to apply for Alternative Trading System ("ATS") status. Given that guidance, we are evaluating our options for finalizing the BDTP, including exploring partnerships with existing ATS's. For the last phase of the project, BlackStar is actively pursuing strategic relationships with various broker dealers and clearing firms to quote the stock and enable the platform to begin trading of registered BEGI shares, completing the final stages of our multi-year software engineering effort. BlackStar is developing the BDTP™ where our conceptual “Digital Equity,” if ever registered with the SEC and allowed to be traded by the SEC and FINRA, is proposed to be traded on the blockchain. While correspondence with regulators continues, the Company feels considerable progress has been achieved, and we look forward to further communication from the SEC regarding the registration statement. However, there can be no assurance that such regulatory approvals will be obtained in a timely manner or at all.... At this time, no ATS has committed to an arrangement. We intend to continue having discussions with various ATS's until we have secured an arrangement that will allow the BDTP™ platform to operate.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 5
BlackStar Digital Trading Platform TM (“BDTP ™”): a digital Electronic Fungible Shares trading platform enabling the trading of BlackStar common shares in electronic fungible form. (The BDTP™ has not been approved by any regulatory agency or broker dealer and is not currently operational.)
Page 36
Our plan to operate the BlackStar Digital Trading Platform ™ relies on our ability to enter into a license agreement with a broker dealer or an alternative trading system (“ATS”).
BlackStar's Digital Trading Platform Concept Receives SEC Guidance in Q3 2020
Wednesday, 16 September 2020 02:00
https://www.accesswire.com/606207/BlackStars-Digital-Trading-Platform-Concept-Receives-SEC-Guidance-in-Q3-2020
BlackStar's Blockchain Equity Trading Proprietary Software May Be Innovative Solution for Regulators, U.S. Broker Dealers and Investors
Wednesday, 21 July 2021 10:03
https://www.accesswire.com/656459/blackstars-blockchain-equity-trading-proprietary-software-may-be-innovative-solution-for-regulators-us-broker-dealers-and-investors
New to The Street TV Signs BlackStar Enterprise Group, Inc. to a 3-Month TV Series
June 02, 2022 09:00 ET
https://www.globenewswire.com/en/news-release/2022/06/02/2455264/0/en/New-to-The-Street-TV-Signs-BlackStar-Enterprise-Group-Inc-to-a-3-Month-TV-Series.html
BlackStar Enterprise Group, Inc. Provides Corporate Update
Wednesday, 21 December 2022 12:00
https://www.accesswire.com/732798/BlackStar-Enterprise-Group-Inc-Provides-Corporate-Update
BlackStar Enterprise Group, Inc. Provides Registration Statement Update
Wednesday, 15 March 2023 10:30
https://www.accesswire.com/743761/blackstar-enterprise-group-inc-provides-registration-statement-update
...The BDTP™ is not yet functional and may never be functional....
Blockchain First Infrastructure Designed to Enable Public Company Common Shares to Trade as Digital Securities
Monday, 11 September 2023 09:29
https://www.accesswire.com/782422/blockchain-first-infrastructure-designed-to-enable-public-company-common-shares-to-trade-as-digital-securities
Yup, that’s how many companies start. Wow you are new to this aren’t you.
How convenient. We may not see the Q1 for some time due to Blackstar using what appears to be a corrupt accounting firm.
NT - 10Q
https://www.sec.gov/Archives/edgar/data/1483646/000106594924000069/blackstarnt10qmarch2024.htm
As part of the settlement, Borgers agreed to a permanent ban on appearing or practicing before the SEC. As a result of Borgers’ settlement with the SEC, the Company dismissed Borgers as its independent accountant.
The Registrant intends to file the subject Quarterly Report on Form 10-Q on or before the fifth calendar day following the prescribed due date, however, given the extraordinary circumstances, the filing may be further delayed.
So Joseph Edward Kurczodyna is a one-man band !
LOOOOOOOOL !!!
There is no team at BEGI. It is a one man show producing infomercials, selling shares, back by a couple of consultants. There is no real business being conducted. He has however been fairly successful helping these toxic lenders realize obscene profits.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 14
NUMBER OF PERSONS EMPLOYED
As of December 31, 2023, we have no full-time employees and 2 independent consultants who act as our officers and directors on a part-time basis of up to 40 hours per week.
Wow...3 point back. I didn't know that Gunner. I'll be on the lookout. 🤡
Like bubee, burner, Mc CLown dude and you. And you all sound like the same person with one account. But ok, since your the one pointing fingers you should know that when you point a finger, three point back at you. . . . . Your doom and gloom is laughable and entertaining 🍿
About the BEGI team :
Tell me who you hang out with, I'll tell you who you are; snakes walk in groups
Correct, but new people to the board might want to be made aware that there was a NASD revocation, a $12,500 fine, a $6,000 fine and a conspiring to sell drugs charge.
Yes, I'm aware that the NASD revocation, the $12,500 fine, the $6,000 fine as well as the conspiring to sell a controlled substance were all a long time ago. But they may be important to new people to the board.
This was way before Joe took over the company, bought it out and started the patent process. If you’re trying to spread fudge, you’re gonna have to do better than this.
Is it important to know about the person that you trust with your hard earned money? Attaching some reports from the NASD. Does the bottom of page 7 show that Joe's NASD registration was revoked? Am I reading that right?
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://files.brokercheck.finra.org/individual/individual_864454.pdf
My posts are for those new conducting their own due diligence. The words of the company can be powerful and those who have been promoting this for months are at a loss as to how to respond. Looking forward to the Q1 to see if anyone requested their conversions. I expect that they will file a late notice to hold off revealing what has been going on for as long as possible. One thing we have learned for certain since the beginning of the year is that this CEO has been working closely with these lenders to get the new shares into the market for the highest price possible. Blackstar on the other hand has been getting a pittance of debt relief relative to the profits being banked by these lenders. Those notes can convert at 50% discount to market calculated from the average of the three lowest closing bid prices for the previous 20 days. The three lowest closing prices going back to April 18th is $0.0014 for an average closing bid price of $0.0013 or a calculated 50% discount conversion price of $0.00065. With the 4.99% equity blocker at the current outstanding shares count they could convert as many as 86,841,815 shares per tranche. That is potentially two lenders doing this. I see no reason why GS Capital couldn't request conversions for the balance of their principle plus interest on their October 11th 2021 note which is the subject of the lawsuit. That note converts at 60% discount to the lowest trading price of the previous 20 trading days. Going back 16 days we have a low of $0.0013 which would give them a conversion price of $0.00052. We are looking at a bit more than the 153 million shares that went restricted at the end of 2023 that will be vested by the end of June. That 153 million shares represents the 25 million issued for the media contract, 71.25 million issued financing fees for loans, and the 56.79 million issued for warrants.
Three conversion possibilities for this period to the end of June when those restricted shares that were issued in Q4 2023 are ready. The Adar Alef and SE Holdings notes total $584,079 in principle earning 24% interest and have been in default since 2022. Those two notes have until the 15th to lock in their conversions at $0.00065 based on 50% discount to market based on conversion language for the past twenty trading days. After which the price has been rising so to does the conversion price. The balance of the GS Capital note plus interest which has a 50% discount to market based on the lowest trading price of the previous twenty days should also be available. Then there is the 52 million restricted that has vested which could be shares from the Form "D" registration filed in May 2023.
Bubae
Re: None
Wednesday, May 01, 2024 6:11:13 PM
Post# 13480 of 13815
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174341318
Re: None
Monday, May 13, 2024 8:36:38 AM
Post# 13792 of 13814
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174404187
Re: burner67 post# 13724
Tuesday, May 07, 2024 10:14:24 PM
Post# 13728 of 13814
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174376080
Siri...never paid a dime of advertising then got bought by Apple
Nice day, just have to keep our gains.
No wild goose chase because I stated myself that the videos no longer are available This isn't misinformation, I know what I'm talking about.
Click 3 dots top right ignore user (babum)
Is there a mute a user feature?
No wild goose chase because I stated myself that the videos no longer are available This isn't misinformation, I know what I'm talking about. The fact is that Blackstar ran a promotional campaign in 2022 using the same model that they have deployed since the first of the year. Post# 10650 with links. I would characterize what Blackstar is doing as disinformation. Despite the disclosure in the filings that the trading platform is not allowed to operate this is not clearly communicated in the infomercials. We also know that the CEO is selling those conversions with these paid video spots with the revelation in the annual that GS Capital had more than 257 million shares with conversion price of $0.00006 to sell after the stay expired on February 15th . By definition these are infomercials. I don't see anyone here promoting based on the company's own print. Most understand what the company promotes can be revealed to be disinformation using the filings. Actually they did have another period when they were using these same infomercials to move shares. The New to the Street series launched June 2nd 2022 and by August 1st 2022 it managed a high of $0.0034 with less than 300 million shares outstanding. Then it sold off and never recovered until the fools here chased it to over a penny. 🤣 Lets see... what kind of shares did they have queued up for that period Hmmm... Traders got blasted with the new shares then as well.
Re: AKATITUS post# 10648
Wednesday, January 24, 2024 7:48:45 PM
Post# 10650 of 13807
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173697663&txt2find=2022%2Binfomercials
Stop Littering Bubae. Someone that yells the loudest is the one with Skeletons in the closet! Give it a rest and please short every cent you have. Time to pack you bags to another ticker.
Yes, let's turn the attention of this post to use of the word infomercial and completely ignore that Bubae is trying to spread misinformation by stating there are missing videos from 2022 and trying to start a wild goose chase.
I'm not arguing whether they fit the definition of infomercial or not. They do. And as Gunner54 said "Yah so what". Name a successful company that has not had to pay for advertising at some point. Oh right, all those commercial slots during the Super Bowl are free.
Yah so what, Ford, coke, Apple and amazon advertise as well. Duh it what most companies do to inform potential buyers.
Someone is making nice bank today selling into the strength. Hope that is retail. 6,773,980 in the sell column and 2,075,053 on the buy side as of 11:39. I see fools buying as high as $0.033 who are already down 27% 😆 They are finding new money somewhere.
I can read filings and I know a share selling scheme when I see one so you would be wrong about my contributing to the losses here. My posts below on November 27th when this was trading at the 52 week high of $0.0128 while everyone was hyperventilating over this. Do you realize the scale of retail losses here that went directly into the accounts of these toxic lenders converting as low as $0.00006? I just see promotion here based on a "system and method" patent that looks dubious to me in terms of monetization. I would have to agree with that poster. I think I will pass, frankly I believe you have seen your run. Between those conversion shares and those who want to lock in their gains, when it turns it will likely turn hard. Just another view point to temper the emotional fervor. This is the OTC when it looks too good to be true you can bet your losses that it is. Wow, the cult of believers here is very Jonestown-esc. Kool-Aid anyone? Easily in my opinion looking at the debt conversion numbers. Average conversion price as low as .00017 shows that the company made some bad debt finance deals.
Bubae
Re: AKATITUS post# 3859
Monday, November 27, 2023 12:01:19 AM
Post# 3862 of 13802
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173298613&txt2find=think%2Bpass
Re: dinogreeves post# 4025
Monday, November 27, 2023 6:47:51 PM
Post# 4026 of 13802
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173305774&txt2find=Kool
Re: starkd748 post# 4001
Monday, November 27, 2023 4:51:21 PM
Post# 4007 of 13802
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173305051
This CEO is in full blown method patent promotion mode. Anyone see the latest press release dated May 9th? Helps to explain where the new money is coming from. Looks like a modification of the trading platform to promote. Never mind that they aren't allowed to use it or that they never mention it in their adds anymore. The quarterly will likely be filed late. They won't show their hand until they absolutely need to. Looking forward to what conversions he is promoting now. The game with the OS updates several days apart makes more sense with the context of the new press release. As in December they update showing zero shares before they issue more. Expect another infomercial because he has more shares to move. We are either looking at the large defaulted Adar Alef and SE Holdings notes or more of the GS Capital note that is the subject of the lawsuit.
BlackStar will Receive another Patent on its Revolutionary Digital Trading Platform: A Blockchain Encrypted Infrastructure Designed to Enable Securities to Trade on a Blockchain
Thursday, 09 May 2024 09:00 AM
BlackStar on 05/06/2024 received a ‘Notice of Allowance' from the United States Patent and Trademark Office (USPTO), U.S. Patent Application No. 18/415,938 Title: "Systems And Methods For Using A Digital Trading Platform To Trade Securities On A Blockchain."
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
BlackStar Digital Trading Platform TM (“BDTP TM”): a digital Electronic Fungible Shares trading platform enabling the trading of BlackStar common shares in electronic fungible form. (The BDTP TM has not been approved by any regulatory agency or broker dealer and is not currently operational.)
Bubae
Re: None
Monday, May 06, 2024 7:31:53 PM
Post# 13706 of 13799
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174368518&txt2find=share%2Bupdate
Today they updated the share count again dated for Friday the 3rd showing a zero increase. So why not on Friday the 3rd did they not date it the 3rd rather back date it to April 26th.
I should use my own advice for women. 😁
Maybe you should read my post. They did run the series. I linked to a post during that time period which had a link to one of the videos. I guess I fabricated that as well. 🙄 You also need to catch up because there were no infomercials for 2023. They have done five now since the beginning of the year to move the new conversions. I conduct actual due diligence and have been on top of this pointing out the dilution since I arrived at the 52 week high of $0.0128. Im a buyer Monday! Reviewed below
Peter Penny
Re: None
Friday, October 28, 2022 9:15:34 PM
Post# 1886 of 13779
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170318584
He'll yeah!!! Great videos!! Keep it going
When you have to pay for them, they're definitely informercials.
Couldn't tell ya. I don't look at them.
Unfortunately those New to the Street Videos from 2022 aren't available.
New to The Street TV Signs BlackStar Enterprise Group, Inc. to a 3-Month TV Series
June 02, 2022 09:00 ET
https://www.globenewswire.com/en/news-release/2022/06/02/2455264/0/en/New-to-The-Street-TV-Signs-BlackStar-Enterprise-Group-Inc-to-a-3-Month-TV-Series.html
How are the level 2 quotes looking?
I wouldn't call copy and pasting from the SEC filings nonsense
Judge for yourself. 🙄 "The BDTP™ has not been approved by any regulatory agency or broker dealer and is not currently operational" This has been the case for years. But it doesn't deter the CEO from promoting it in the infomercials. Maybe he should add that disclaimer before saying what they plan to do with it? Maybe? Hmmmm 🤔 Meanwhile they have a media contract through the end of May so lets get some new shares sold.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 5
Definitions
As used throughout this Report, capitalized terms used but not defined herein shall have the meanings assigned to such terms in the filing. The following terms shall have the meanings set forth below, unless the context clearly indicates otherwise:
BlackStar Digital Trading Platform TM (“BDTP ™”): a digital Electronic Fungible Shares trading platform enabling the trading of BlackStar common shares in electronic fungible form. (The BDTP™ has not been approved by any regulatory agency or broker dealer and is not currently operational.)
BlackStar Enterprise Group, Inc. Provides Registration Statement Update
Wednesday, 15 March 2023 10:30 AM
https://www.accesswire.com/743761/blackstar-enterprise-group-inc-provides-registration-statement-update
However, there can be no assurance that such regulatory approvals will be obtained in a timely manner or at all.
We believe it may take an additional six to nine months to address SEC comments and questions, and there is no assurance that we will be successful in our shares being approved or cleared for trading on our BDTP™ platform. The BDTP™ is not yet functional and may never be functional.
Aside from the two defaulted convertible notes held by Adar Alef and SE Holdings I see no reason why GS Capital couldn't request conversions for the balance of their principle plus interest on their October 11th 2021 note which is the subject of the lawsuit. That note converts at 60% discount to the lowest trading price of the previous 20 trading days. Going back 16 days we have a low of $0.0013 which would give them a conversion price of $0.00052. Yeah, they have a media contract through the end of May. From what I see he will need to ink another to move more shares through the end of 2024. They have principle balances outstanding of $584,079 on the Adar Alef and SE Holdings notes that matured two years ago and are earning default interest of 24%. We also know that these toxic lenders have been dumping their conversions as they receive them.
GS Capital October 2021 note
https://www.sec.gov/Archives/edgar/data/1483646/000106594921000193/ex10_4.htm
Bubae
Re: moondogaz post# 13729
Tuesday, May 07, 2024 10:36:11 PM
Post# 13732 of 13791
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174376152
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 57
Liquidity and Capital Resources
.... the Company issued, as partial consideration, 25,000,000 shares of its common stock (valued at $100,000) to a media consulting firm for investor relations services under a six-month agreement through May 2024.
I had to laugh when I read this. I just posted yesterday about tokenized stocks already traded on a blockchain. I had not heard of Securrency and when I looked it up I found that the DTCC has acquired it as of December 2023? So why would a broker / dealer ever partner with Blackstar to trade securities on the form Blackstar proposes. Trading stocks on a blockchain in the traditional form is clearly not only not allowed but it is not the future from what I see. people who don't understand this needs to look up who the DTC is. 😆 It actually goes much further than to just say the the Blackstar method "...is to trade SECURITIES..." What Blackstar has proposed to do for years is trade “book-entry shares” on a blockchain ledger. The same class of shares which is already traded on ordinary trading platforms. Not only is Blackstar not allowed to use their trading platform but it would appear that the evolution of digital securities has eclipsed what Blackstar proposes to do. Securities are already being traded on a blockchain in the for of tokenized stocks.
Dec 11, 2023 • Press Releases
DTCC Comments on Acquisition of Securrency
https://www.dtcc.com/news/2023/december/11/dtcc-comments-on-acquisition-of-securrency
Today, DTCC announced it has closed on the transaction to acquire Securrency Inc. (“Securrency”), a leading developer of institutional-grade, digital asset infrastructure. DTCC announced the signing of the definitive agreement to acquire Securrency in October.
DTCC completes acquisition of tokenization solution Securrency
December 11, 2023by Ledger Insights
https://www.ledgerinsights.com/dtcc-completes-acquisition-of-tokenization-securrency/
Meanwhile, last year DTCC launched Project Ion, a post trade stock settlement solution. It runs in parallel with DTC’s classic settlement system which remains the system of record, presumably to adhere to SEC requirements. That solution runs on R3’s Corda enterprise blockchain.
Bubae
Re: hamchee1026 post# 13781
Saturday, May 11, 2024 8:00:57 PM
Post# 13782 of 13790
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174400319
was out of town... sounds good..nite.
Oh look Bubees second account, copying and pasting.
And
Doom and gloom.
1 US-11410235-B2 Preview PDF Method, apparatus, and computer-readable medium for compliance aware tokenization and control of asset value.
Ohh but bubee said method patents are useless.
Another method penciled into the template that runs on Amazon's product. At this point both this one and the corporate governance are nothing but paper to promote the debt conversions. I have found where they did employ a third party software company to develop the application for the trading platform that is not allowed. I have found nothing to suggest the same for either of the new proposed ideas.
Here is what they have been burning cash on instead of product development. Legal and professional fees for the first nine months of 2023 was $116,028 according to the chart on page 4 of the Q3 filing. The 2023 annual reveals a total of for $326,527 legal and professional fees for 2023 which means that Blackstar has burned $210,499 in Q4 alone for these services. Compare that to only $25,140 for Q3 2023. So it would appear that Blackstar is getting crushed by this stupid GS Capital lawsuit filed on November 6th over what was a principle outstanding balance of only $33,682 as of September 30th 2023. Q1 2024 has also been very busy in terms of the lawsuit with their "Motion for Stay Pending Appeal" to the Nevada Supreme Court which was denied. It will be interesting to see what the lawsuit cash burn was for Q1 was.
To put that into perspective Blackstar received "net cash proceeds of $400,000" financing from non-related individuals. $325,000 of the note mature at nine months with the first two written in March 2023. Cash at the end of 2023 was $33,550. We see in the subsequent events section of the annual that they extended two notes that matured in February to December and took on another $139,000 in new notes through April.
Meanwhile these debt conversions are banking many hundreds of thousands for the toxic lenders. Just for 2024 I see 257,704,832 shares issued at $0.00006 for GS Capital that they were free to sell starting February 16th after the extension of the stay was denied. Looking at the trading price activity during this time GS Capital could have easily banked more than $500K off of what would have only been a reduction of $15,462 of the $33,682 in debt principle. In Blackstar's counter suit they claim that GS Capital has profited by $600K. Anyone see a problem here? 🤔 I wonder whos accounts that $600K came from? 😆
For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
Page 16
Results of Operations
Legal and professional fees of $25,140 for the three months ended September 30, 2023 increased by $5,413 from $19,727 for the comparable 2022 period. Fees for the 2023 and 2022 periods were predominately for SEC regulatory and statutory filings, registration statement filings and amendments thereto and auditor related fees for quarterly reviews.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
In 2023, we received $400,000 in non-convertible debt financing from non-related individuals, of which $325,000 is due within one year of issuance with interest at 11% per annum, and $75,000 is due from 2025 to 2026 with interest at 5.5% per annum.
Page 56
Results of Operations
Legal and professional fees of $326,527 for the year ended December 31, 2023 increased by $199,135 from $127,392 for the year ended December 31, 2022. During 2023 the Company incurred legal fees for litigation and settlement of issues with convertible debt holders which were not incurred in prior years, in addition to recurring costs for SEC regulatory and statutory filings matters. Fees for 2022 were predominately for SEC regulatory and statutory filings, fees for annual audit and quarterly reviews and filings for a Registration Statement on Form S-1 to register underlying common shares for issuance to investors.
Let’s make this a Bubae forum only. Considering how you hog the forum with nonsense copy and pasting your negative view He or she sure likes this stock. Due to the littering of nonsense copy and pasting over and over you make the forum useless for anyone to have a real conversation about the company. It’s to bad you must not have anything better to do. Go ahead and post something relevant but please stop throwing up on everyone.
Lol.
Some should do their research instead of Copy And Paste.
Anyone who trades other than Blackstar would be infringing on their patent.
Allowed
17/457,153 | 61184.06US01:SYSTEM AND METHOD FOR FACILITATING A PUBLIC OFFERING ON AN IMMUTABLE BLOCKCHAIN PROVIDED TO ELIGIBLE QUALIFIED INVESTORS BASED UPON PRIORTY OF INTERESTPUBLIC VIEW
Application #
17/457,153
Confirmation #
5312
Attorney Docket #
61184.06US01
Patent #
-
Filing or 371 (c) date
12/01/2021
Status
Allowed -- Notice of Allowance Not Yet Mailed 05/10/2024
In the first infomercial the CEO comments that securities were already being traded legally on a blockchain in the form of tokens. The video is linked in post# 12668 below with the comment at about 9:30 into the segment.
Tokenized Stocks: The Future of Stock Trading
The INX Digital Company INC | April 8, 2024
https://www.inx.co/learn/beginners/tokenized-stocks-the-future-of-stock-trading/#:~:text=A%20tokenized%20stock%20is%20a,versions%20of%20well%2Dknown%20companies.
Stock exchanges have been the cornerstone of traditional finance, giving investors the ability to buy and sell shares. A new innovation has emerged in how stocks are issued and managed called tokenized stocks. Tokenization involves the issuance of digital security tokens on a blockchain. These tokens can represent various things, from loyalty points to real estate ownership.
Bubae
Re: Joe DiMaggio post# 12658
Monday, April 01, 2024 10:43:53 AM
Post# 12668 of 13782
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174150905
Want to talk about tokenized securities? The CEO talked about securities that are ...currently are traded LEGALLY in the form of tokens securitized by common stock which is thrown into a blockchain. Link to that infomercial below where the CEO makes the statement starting at about 9:30 into the segment.
It actually goes much further than to just say the the Blackstar method "...is to trade SECURITIES..." What Blackstar has proposed to do for years is trade “book-entry shares” on a blockchain ledger. The same class of shares which is already traded on ordinary trading platforms. Not only is Blackstar not allowed to use their trading platform but it would appear that the evolution of digital securities has eclipsed what Blackstar proposes to do. Securities are already being traded on a blockchain in the for of tokenized stocks. Bitcoin is not a security. The patent is to trade SECURITIES. So yeah, no infringement. Even a broken clock is correct twice a day.
The INX Digital Company INC | April 8, 2024
https://www.inx.co/learn/beginners/tokenized-stocks-the-future-of-stock-trading/#:~:text=A%20tokenized%20stock%20is%20a,versions%20of%20well%2Dknown%20companies.
Stock exchanges have been the cornerstone of traditional finance, giving investors the ability to buy and sell shares. A new innovation has emerged in how stocks are issued and managed called tokenized stocks. Tokenization involves the issuance of digital security tokens on a blockchain. These tokens can represent various things, from loyalty points to real estate ownership.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
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The core platform has been designed for initial use with BlackStar common stock and is thus the BlackStar Digital Trading Platform™ (BDTP). Our BlackStar Electronic Fungible Shares (BEFS) are proposed to be the initially traded securities on the blockchain on the BDTP™ platform and the rights and privileges to each shareholder of the BEFS is the same as certificated shares of common stock of BlackStar. BEFS are the same class of common stock as, and are identical to, paper certificated and book-entry shares of common stock; BEFS merely describes the format of the share of common stock...
The BEFS are not “tokens” or “crypto tokens”. A “token” is generally understood to be a unit of value that blockchain-based organizations or projects develop on top of existing blockchain networks. While they often share compatibility with the cryptocurrencies of that network, they are a wholly different digital asset class....
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In contrast, the BEFS are simply uncertificated shares of stock of BlackStar, which are commonly referred to as a “book-entry shares” in DTC and transfer agent parlance or, as we refer to them, “electronic fungible shares.” Shares held in uncertificated book-entry form have the same rights and privileges as shares held in certificate form. The BEFS simply flow in and out of the existing trading system, exchanges, or OTC Markets through DTC and broker-dealers in uncertificated book-entry form....
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THE COMPANY MAY FACE REPUTATIONAL HARM, LOSS OF FINANCING, STOCK PRICE VOLATILITY, AND/OR LOW DEMAND FOR SERVICES BY PROXIMITY TO THE CRYPTO ASSET MARKET.
The Company does not operate in the crypto asset markets, does not have crypto asset holdings, and is not proposing to participate in the crypto asset industry, including crypto securities, crypto currencies, and tokens. The use of a blockchain in our proposed platform often gets conflated with crypto asset markets due to blockchain’s use in those industries as well.
SEC Correspondence vetting the s-1 Prospectus February 13, 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000009/filename1.htm
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There are no differences between the common shares traded OTC and the electronic fungible shares traded through the BDTP™.
Bitcoin is not a security. The patent is to trade SECURITIES. So yeah, no infringement. Even a broken clock is correct twice a day.
Overview
BlackStar Enterprise Group, Inc. (the “Company” or “BlackStar”) intends to act as a merchant bank as of the date of these financial statements. We currently trade on the OTC Pink Sheets under the symbol “BEGI”. The Company is a merchant banking firm seeking to facilitate venture capital to early-stage revenue companies. BlackStar intends to offer consulting and regulatory compliance services to crypto-equity companies and blockchain entrepreneurs for securities, tax, and commodity issues. BlackStar is conducting ongoing analysis for opportunities in involvement in crypto-related ventures though our wholly-owned subsidiary, Blockchain Equity Management Corp., (“BEMC”), mainly in the areas of blockchain and distributed ledger technologies (“DLT”). BEMC is currently non-operational, inactive and has no business or clients at this time. It is intended to offer advisory services as to how to implement use of a custom platform for the client’s equity based off of the BDTPTM. BEMC has not established any anticipated time frames or key milestones for BEMC business. BlackStar intends to serve businesses in their early corporate lifecycles and may provide funding in the forms of ventures in which we control the venture until divestiture or spin-off by developing the businesses with capital. We have only engaged in one transaction as a merchant bank form to date.
Our investment strategy focuses primarily on ventures with companies that we believe are poised to grow at above-average rates relative to other sectors of the U.S. economy, which we refer to as "emerging growth companies." Under no circumstances does the Company intend to become an investment company and its activities and its financial statement ratios of assets and cash will be carefully monitored and other activities reviewed by its Board of Directors to prevent being classified or inadvertently becoming an investment company which would be subject to regulation under the Investment Company Act of 1940.
As a merchant bank, BlackStar intends to seek to provide access to capital for companies and is specifically seeking out ventures involved in DLT or blockchain. BlackStar intends to facilitate funding and management of DLT-involved companies through majority controlled joint ventures through its subsidiary BEMC BlackStar, through BEMC, intends to initially control and manage each venture. Potential ventures for both BlackStar and BEMC will be analyzed using the combined business experience of its executives, with BEMC looking to fill those venture criteria with companies in crypto-related businesses such as blockchain or DLT technologies. The Company does not intend to develop Investment Objectives or “criteria” in any manner but will rely on the acumen and experience of its executives. BEMC is currently non-operational, inactive and has no business or clients at this time. It is intended to offer advisory services as to how to implement use of a custom platform for the client’s equity based off of the BDTPTM. BEMC has not established any anticipated time frames or key milestones for BEMC business.
BlackStar is currently developing a blockchain-based software platform (“BDTP TM”) to trade electronic fungible shares of our common stock equal to the shares held and transferred by DTCC Brokers (DWAC). Once completed, the platform design might enable us to license the technology as a Platform as a Service (“PaaS”) for other publicly traded companies, providing revenue to finance our merchant banking. The completion of our software platform depends on our ability to license it to an existing
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