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We R nailing it to the wall....The Bulls will thrive on rocket fuel of shares, tis' all we need ! Well, I'm off on a road trip....keep the ship up, and the keel as straight as an arrow lads.
...shameless basher, that's not a bad title.
Exactly! well said.....cheersio's, aye' aye' skipper she's a goin' North. gainsayers will feel the rush from the rocket booster, and be able to watch! Notice the pod of whales after the show, no accident there : )
Yes.
Very sad, bizarre behavior.... Reminds me of being on the subway.
2 major patents down, and we are getting close the the roll-out of Corp Gov component.
Bub, you crack me up again and again....you are 1 angry person, and not very happy. whacking on longs again...day after day after day....have to admit whistleblower is good website but, there is no smoking ever here, except the Death Spiral Finance buddies of yours that you deem as innocents...that cracks me up...just helps me know who your a slave too. No one wonder you R so miserable and stressed out. They are going to give you writers cramp, but they won't pay your Dr. bills when you'll need surgery. Good Luck ...no hard feelings!....and BEGI will will be one monsta' these days...it will blow your socks off, but you won't have any green from it.
It's flattering to know that my small company, Blackstar, that I hold shares in, has a team of paid bashers committed to tarnishing their good name and detering people from investing in a company that OWNS A 20 YEAR PATENT TO TRADE STOCKS USING BLOCKCHAIN!!!!!!!!!!
BEGI BILLION $$$ BULLISHNESS!!!!!!!!!!
Do you throw a lot of temper tantrums Marc?
He’s not lying, you just don’t like what he’s saying, including direct quotes from Blackstar’s SEC filings
Those terms would apply to you sir given your constant conjecture riddle promotion since this was trading above a penny. An interesting back an forth between us with your response on December 19th. I called you out as a shameless pumper at that time. Lets see, there was a high on December 21st of $0087 and a close at $0.0073. By January 4th the price closed at $0.0019. So who should the terms "...Liar, Thief, and Stock Manipulator" apply to?
Savannah-Marc
Re: Bubae post# 7267
Tuesday, December 19, 2023 9:23:05 AM
Post# 7536 of 13273
Member Level
Re: Savannah-Marc post# 7193
Saturday, December 16, 2023 7:35:59 AM
Post# 7267 of 13273
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173442108
If I were being paid for my activity I would be required to disclose it the same as a paid promoter. If you believe I am engaged in some nefarious activity I would emphatically encourage you to report this to the SEC. It is very easy. Tip - write up your complaint in a Word or PDF document in detail. This will help with filling out the form using the copy and paste tools and you will be able to attach the document to the complaint in the last steps of the procedure. This form with supporting information in hand will only take about twenty minutes. I would encourage all to do this. I am trying to bring the SEC's attention to my posting activity myself. 😏
Report Suspected Securities Fraud or Wrongdoing
https://www.sec.gov/tcr
SEC Targets Social Media Manipulation, Solicits Whistleblower Tips from Public
https://whistleblowersblog.org/corporate-whistleblowers/sec-targets-social-media-manipulation-solicits-whistleblower-tips-from-public/
Savannah-Marc
Re: JohnnyRothrock post# 3526
Wednesday, November 22, 2023 9:11:47 PM
Post# 3546 of 6165
Re: goingUPagain post# 4389
Thursday, November 30, 2023 11:11:13 AM
Post# 4541 of 6166
I can tell you for a fact that there have been complaints because I have filed them myself. It is very easy to do. Select the "submit a Tip" button on the SEC site and you are on your way. There has been a lot of money lost here while this CEO is personally engaged in promotion while those converting those cheap shares bank huge profits.
Office of the Whistleblower
https://www.sec.gov/whistleblower/submit-a-tip
There are no SEC complaints. If you feel that one is so worthy then go ahead and file one. What are you waiting for??? You're several thousand posts about this obscure company on this obscure message board raise red flags on your motives for posting here. I think your full of lies and all you have to sell are lies so you can steal or suppress Blackstar's patents for cheap. I am very very bullish on this company and I proudly own and still accumulate shares.
Seriously, how do you call something lies when the links to the company's own print is provided. My history is full of such due diligence for those conducting their own due diligence. Not for those like yourself who have been stuck in this since it was selling North of a penny. Try to discredit the content for once. What I revealed in my last post is worthy of another SEC complaint in my opinion.
MORE LIES from somebody who spends 24/7 bashing this small unknown company and whom alleges that they don't own any shares or have an interest in doing so. You're post history is a library of lies!
Q1 will be an interesting read. I'm looking for clarification regarding the conversion price for the GS Capital lawsuit shares issued so far. The two 8Ks filed as lawsuit updates indicates a conversion price for the $33,682 remaining principle with the 257 million shares estimate to be roughly $0.00013 a share. The statement in the annual filing listed the conversions on the GS Capital October note to be $0.00006 a share.
The 195,620,499 shares shown for 2024 would only be $11,737. Add in the 62,084,333 shares at $0.00006 we get another $3,725 for a total of $15,463. Add up the three additional tranches estimated in the lawsuit updates we get 195,617,166 shares which is very close to what is stated in the annual. So which is it? They have either issued half the shares needed or they have complete the shares ordered in the preliminary injunction.
The Nevada Supreme Court denied an extension of the stay so the GS Capital shares would have become available after February 15th. So what is going on with just the GS Capital dilution is clear as mud. Likely by design. If the price actually is $0.00006 a share which would suggest many more shares to come, why was it not revealed in the February 8K.
Date of report (Date of earliest event reported): January 11, 2024
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000003/blackstar8kjan232024.htm
the remaining principal and interest on a Promissory Note entered into on October 11, 2021, which had a remaining principal balance of $33,682. At the outset of the case, a temporary restraining order was entered preventing the Company from trading any shares. As currently postured, Plaintiff seeks specific performance (a mandatory injunction) requiring the conversion of approximately 257,000,000 shares and possibly additional recovery of legal fees and interest. The lawsuit increases the Company’s financial and administrative burdens and is a risk to the Company’s capital.
Meanwhile, the preliminary injunction ordered the Company to honor the conversion requests of November 2, 2023 (for the conversion of 62,084,333 shares of common stock – completed December 21, 2023) and the three subsequent requests GS Capital claimed it “would have” made (62,023,333 shares, 65,168,333 shares, and 68,425,500 shares). In order to comply with the mandatory injunction, prior to the stay, the Company increased the share reserve for GS Capital Partners LLC and they subsequently completed the first two conversions.
Date of report (Date of earliest event reported): February 27, 2024
Update to November 6, 2023 Nevada Lawsuit
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000023/blackstarmarch2024v2.htm
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page F-19
In 2024, GS Capital filed notices of conversion and were issued, in three tranches, 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share on their note of October 11, 2021. (See Notes 7 and 11)
You are the terms Liar, Thief, and Stock Manipulator.
I'm very bullish on Blackstar.
You should learn the terms "facts","links" and "conjecture".
$200K more in legal fees in ‘23 vs. ‘22. Wow
Nice! The stock price has gone up, stayed up, and it will continue to go up some more from here. I'm quite content and optimistic in owning Blackstar.
You need to learn the definition of "component" ......
Result of the April 22nd court hearing for the GS Capital lawsuit. Another bad result for Blackstar as expected. Bench trial scheduled for January 2025. Meanwhile the cash burn for legal fees continues. All you have to look to is how expensive these new notes are and all cash is borrowed. Zero revenue for this operation. Consider the legal fees for 2023 in the annual below and know that GS Capital didn't file the lawsuit until November 6th.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
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.
case number is A-23-881099-B, plug it into the court search query linked below.
https://www.clarkcountycourts.us/Portal/
I guess the Blackstar Digital Trading Platform itself isn't a component? Is that the latest slight of hand there? The system and method patents that Blackstar manages to get past the patent office appear to be so basic that they can pretty much pencil anything into the template. It didn't take long to get the "corporate governance" idea through and next is capital fund raising? "...Significant elements of our intended products and services are based on unpatented trade secrets and know-how..."
A good narrative for selling shares I guess. We have had four infomercials since the beginning of the year. There have been 495,744,512 new shares added to the outstanding share count since the beginning of 2024. Of those 195,620,499 shares were issued at a price of only $0.00006 per share. Links showing that the BDTP has been promoted for years in post #13084.
Bubae
Re: SorcererDiviner18 post# 13082
Thursday, April 18, 2024 4:12:42 PM
Post# 13084 of 13259
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174265205
AMENDMENT NO. 10 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000063/blackstar_s1a10.htm
RISK FACTORS RELATED TO OUR PLATFORM AND BLOCKCHAIN/DISTRIBUTED LEDGER TECHNOLOGY
IF WE ARE UNABLE TO PROTECT THE CONFIDENTIALITY OF OUR TRADE SECRETS, OUR BUSINESS AND COMPETITIVE POSITION COULD BE HARMED.
Significant elements of our intended products and services are based on unpatented trade secrets and know-how that are not publicly disclosed. In addition to contractual measures, we try to protect the confidential nature of our proprietary information using physical and technological security measures.
INTELLECTUAL PROPERTY RIGHTS CLAIMS MAY ADVERSELY AFFECT THE DISTRIBUTE LEDGER TECHNOLOGY.
Third parties may assert intellectual property claims relating to their source code, including Distributed Ledger Technology. Regardless of the merit of any intellectual property or other legal action, any threatened action that reduces confidence in distributed ledger technology’s long-term viability may adversely affect an investment in us.
Overview of the BDTP™ Platform
Blackstar has built the technology based upon the Quantum Ledger Database, a blockchain framework from Amazon Web Services (“AWS”), and to use the AWS Cloud for transaction data storage. The BDTP™ would offer a web-based interface for trading transactions as well as an Application Programming Interface (API) that directly accesses all transactions stored on the BDTP™. In June 2020, BlackStar and Artuova, a custom software development company, successfully completed a production ready user interface for the BDTP™ platform, which is feature-complete.
Separate alls it is basically is you have to file your financial report which is very expensive. This will allow a company to report information where the SEC can look at it in real time. This will save companies a lot of money
Does the corporate governance program run on the BDTP? The one that Blackstar said will take 1-3 years to get SEC approval?
Good volume these past two days, seems like the Corp Gov component is garnering some well deserved attention.
Corp Gov Feature (on the blockchain) is stated to be the first component of BDTP TM to be rolled out.
Some details of the Corp Gov Patent which was issued yesterday.
Will keep reposting with updates from interview.
This component of B.D.T.P.TM will significantly improve compliance and efficiency while reducing administrative costs as all compliance data will be populated every 30 – 90 days.
New corporations can populate required corporate governance forms and store them at nominal data storage fees. This will result in speed to market for start-up companies.
Companies will gain the capability to integrate all compliance-related documentation through our proprietary blockchain-based technology.
All information will be immutable and cryptographically secured.
It will simultaneously streamline and improve government and industry-related oversight and compliance reviews, inclusive of required disclosures.
Some facts with links for the BlackStar Digital Trading Platform. Try supporting your information for a change. If the information is based in fact it is easy. Those who peddle conjecture have a strained relationship with the truth. "...The BDTP™ has not been approved by any regulatory agency or broker dealer and is not currently operational..." - "...Significant elements of our intended products and services are based on unpatented trade secrets and know-how..."
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 3
DESCRIPTION OF BUSINESS
We are based in Boulder, Colorado and are engaged in Merchant Banking and Finance in the United States....
...The completion of our software platform depends on our ability to license it to an existing Alternative Trading System (“ATS”) or for us to possibly register as an ATS, which we do not intend to do at this time as we would prefer to license our platform to an existing ATS. The platform is not currently operational or in use by anyone. We have recognized net losses of $1,046,983 in the year ended December 31, 2023. We have relied solely on sales of our securities, convertible note financing, and private loans to fund our operations.
Page 5
HISTORY
Definitions
BlackStar Digital Trading Platform (“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.)
AMENDMENT NO. 10 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000063/blackstar_s1a10.htm
Significant elements of our intended products and services are based on unpatented trade secrets and know-how that are not publicly disclosed. In addition to contractual measures, we try to protect the confidential nature of our proprietary information using physical and technological security measures.
INTELLECTUAL PROPERTY RIGHTS CLAIMS MAY ADVERSELY AFFECT THE DISTRIBUTE LEDGER TECHNOLOGY.
Third parties may assert intellectual property claims relating to their source code, including Distributed Ledger Technology. Regardless of the merit of any intellectual property or other legal action, any threatened action that reduces confidence in distributed ledger technology’s long-term viability may adversely affect an investment in us.
Overview of the BDTP™ Platform
Blackstar has built the technology based upon the Quantum Ledger Database, a blockchain framework from Amazon Web Services (“AWS”), and to use the AWS Cloud for transaction data storage. The BDTP™ would offer a web-based interface for trading transactions as well as an Application Programming Interface (API) that directly accesses all transactions stored on the BDTP™. In June 2020, BlackStar and Artuova, a custom software development company, successfully completed a production ready user interface for the BDTP™ platform, which is feature-complete.
More BS without links? What about the New to the Street infomercial you claim will be released Friday? People with false information must be called out on these boards. This type of hyped conjecture has been going on since this was trading above a penny. Those converting as low as $0.00006 a shares have plenty of money to spend on promotion.
SorcererDiviner18
Re: None
Wednesday, April 24, 2024 9:41:26 AM
Post# 13197 of 13252
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174295201
Member Level
Re: SorcererDiviner18 post# 13197
Thursday, April 25, 2024 8:55:14 AM
Post# 13240 of 13252
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174302027
Don’t assume this platform will be in demand
That it isn't moving higher no mystery. My comment linked below in post #12266 the morning of the March 22nd infomercial with 119 million shares traded for the day. I predicted $0.0019 as the potential and that is what it closed at for the day and you can bet tens of millions of new shares were dumped. Those converting are in a sweet spot here where traders will generally hold with the promotions and they can still create some liquidity. That will eventually fail and Blackstar has a LOT of debt that matured two years ago that converts at 50% discount to market. With interest those two notes in the S-1 that matured two years ago would be more than $800K now. See those 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share issued to GS Capital lawsuit so far for 2024? That is only $11,737 at $0.00006. Those shares likely moved at a minimum average since January 1st of $0.0019 would be $371,678. THat number is likely much higher. That represents what has been, and will be, trading losses for someone.
Bubae
Member Level
Re: None
Friday, March 22, 2024 10:02:20 AM
Post# 12266 of 13244
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174091136
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
In 2024, GS Capital filed notices of conversion and were issued, in three tranches, 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share on their note of October 11, 2021. (See Notes 7 and 11)
Will be revisiting this post. Bookmarked and ignored.
And can’t get past 002?
Some details of the Corp Gov Patent which was issued yesterday.
This component of B.D.T.P.TM will significantly improve compliance and efficiency while reducing administrative costs as all compliance data will be populated every 30 – 90 days.
New corporations can populate required corporate governance forms and store them at nominal data storage fees. This will result in speed to market for start-up companies.
Companies will gain the capability to integrate all compliance-related documentation through our proprietary blockchain-based technology.
All information will be immutable and cryptographically secured.
It will simultaneously streamline and improve government and industry-related oversight and compliance reviews, inclusive of required disclosures.
B.D.T.P.TM is Blackstar's proprietary, blockchain based digital business solution comprised of three (3) blockchain- based components:
Corporate Governance
Raising of Capital
Digital Trading
All three (3) B.D.T.P.TM components are proprietary in nature and protected by patented and patent pending technology and offer all the benefits of blockchain technology.
B.D.T.P.TM will create an immutable, transparent, and cryptographically verifiable historical record that is of everlasting value in all three (3) of its blockchain-based components.
B.D.T.P.TM will offer a web-based interface for trading transactions as well as an Application Programming Interface (API) that directly accesses all immutable and encrypted transactions stored on B.D.T.P.TM.
As stated prior in this presentation, Blackstar is not affiliated, engaged, or associated with crypto-currency.
Blackstar’s planned roll-out of each B.D.T.P.TM component is in the order identified above.
B.D.T.P.TM will have three (3) revenue streams based on the following offerings, inclusive of subscriptions, licensing and installation, and annual maintenance fees:
Corporate Governance: Blockchain compliance filings with all regulatory agencies – SEC filings, FINRA, and others.
Funding | Raising Capital: Blockchain-based Indication of Interest (IOI) to raise capital for public or private companies; ability to self-underwrite.
Digital Trading: Blockchain-based spot market in the digital trading of book entry, electronic fungible registered securities - not tokens.
Blackstar is currently contracted with Amazon for their Quantum Ledger Database (QLDB) and AWS – Amazon Web Services for data storage.
We are currently engaged with Haynes and Boone LLP, with respect to patenting our Intellectual Property (IP).
Blackstar Enterprise Group Inc. is an SEC EDGAR filing company and is in full compliance with its required SEC filings.
Big bids are a mirage.. Get it going already
Dang 002. Whos not letting it pass the 002 ?
The train is always leaving the station isn't it marc? The stock closed at $0.0113 on November 30th. You are either severely underwater on this trash or you get paid to pump it.
Savannah-Marc
Re: None
Thursday, November 30, 2023 11:00:17 AM
Post# 4537 of 13241
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173328304&txt2find=train
For those new to this share selling enterprise understand that the latest method patent and its app for "Corporate Governance" was the subject for the 8K released March 25th. As before those pumping will promote the allowance news then again the the CEO is now pumping the actual patent release news. Looks like it worked, wonder how many conversions got dumped yesterday. Expect another count increase very soon. 🙄
The CEO had been talking about this in infomercials prior to this date and released another infomercial on April 10th with the link below. That video only generated 3.4 million in trading volume for the day. Not to say another infomercial isn't coming at some time because this CEO has a lot of very old debt to convert. There have been 495,744,512 new shares added to the outstanding share count since the beginning of 2024. Of those 195,620,499 shares were issued at a price of only $0.00006 per share.
Date of report (Date of earliest event reported): March 22, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000028/blackstar8kmarch2024.htm
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
In 2024, GS Capital filed notices of conversion and were issued, in three tranches, 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share on their note of October 11, 2021. (See Notes 7 and 11)
Link for the new infomercial information? Not finding anything and as usual those of you who pump rarely provide a link for anything. The latest New to The Street infomercials in the press release below. Five companies and no Blackstar. Looks like a whole new batch of fools piled in yesterday. Good job once again to those who managed to flip the the promotional BS that gets spewed out on these boards.
New to The Street Announces its Corporate Interviews, Episodes 459 and 460 With the TV Shows Airings to Start on Saturday, April 22, 2023, at 3:30 PM ET
https://finance.yahoo.com/news/street-announces-corporate-interviews-episodes-133000145.html
Bub The amount of time you’re spending on BEGI I’ve come to the conclusion that you are long as F. You’re probably one of the biggest shareholders. The only question is at what price are you selling?
Bashers gonna bash, but the BEGI stock price is gonna keep going up. Know what you own.......
B E G I
2 0 2 4
If you read the back and forth between Blackstar and GS Capital in the documents listed on the Nevada Supreme Court site it was clear to me that Blackstar is clearly out of their depth in this matter. The Supreme Court order denying the stay summarized the problem with the statement "When a contract is clear on its face, it will be construed from the written language and enforced as written." Blackstar is simply racking up more legal fees and those for the GS Capital for which they will also be paying for from what I see. They are putting of the issuance of hundreds of millions of more shares to cover the interest and damages.
As for the dumping of unregistered shares. My opinion is the same as yours and Blackstar has been issuing share all over the place. If a company can just hand out shares at will why do any company's ever register shares. I have submitted my own complaint to the SEC. It is easy to do with the link below. I write my complaint up in advance in a Word document. Use the content to fill in the fields and attach the document at the end of the form.
SEC Office of the Whistleblower
https://www.sec.gov/whistleblower/submit-a-tip
Nevada Supreme Court lawsuit docket link
https://caseinfo.nvsupremecourt.us/public/caseView.do;jsessionid=3856EC6FBAE306463832E195DC457FC7?csIID=68335
ORDER DENYING STAY - document 24-05565
Bottom of page 2
("When a contract is clear on its
face, it will be construed from the written language and enforced as
written." (internal quote marks omitted)); and appellant has not
demonstrated a likelihood of success on the merits sufficient to tip the
balance of the NRAP 8(c) factors in favor of a stay. Accordingly, we deny
appellant's motions.
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page F-11
NOTE 5 – STOCKHOLDERS’ DEFICIT (continued)
Common Stock
During the year ended December 31, 2023, the Company issued shares of its common stock as follows:
Page F-19
NOTE 12 – SUBSEQUENT EVENTS
In 2024, GS Capital filed notices of conversion and were issued, in three tranches, 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share on their note of October 11, 2021. (See Notes 7 and 11)
Fitting that you would post that in response to yourself. 😆 Your alias born in February and all Blackstar. Are you one of the paid promoters? Many have come and gone since this was trading above a penny and have done some good work moving those conversions. I call it the harvesting of trading losses.
ALL ABOARD "THE STOCK PRICE GO FLOCKING FLYING" EXPRESS!!!!! THE TRAIN IS LEAVING THE STATION!!!!! YOUR TICKET IS THE AMOUNT OF BLACKSTAR SHARES YOU OWN.....AND THE TICKET PRICE JUST WENT UP!!!!!!! WOOO WOOO!!!!!!!
AHAHAHAHA!!!!!!!
BASHER TEARS MAKE BLACKSTAR CHEER!!!
WHEN I HEAR THE BASHER CRY, I KNOW THE STOCK PRICE WILL GO HIGH!!!
B E G I
2 0 2 4
In Joe’s own words, 1-3 years for SEC approval. Even if it happens I would predict it takes the long end of the estimate.
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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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