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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 Does the bottom of page 7 show that Joe's NASD registration was revoked?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.
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.
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.
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?
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.
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
When you have to pay for them, they're definitely informercials.
Couldn't tell ya. I don't look at them.
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.
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. 😆
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.
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.
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
Page 18
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....
Page 19
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....
Page 38
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
Page 4
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.
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
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
Facts with links to the company's own print. Try it sometime in defending this share selling scheme if you can. They have a history of promoting and share selling of this trading platform narrative. As of May 5th, one year to the day, the company has added 1,056,870,102 new shares. All but 104,643,939 of those shares came in Q2 2023 and later when it looks like they were queueing up shares for the November festivities. Since September 30th 2023 they have issued 495,744,512 shares. GS Capital had 257,704,832 shares to dump priced at $0.00006 after the stay expired on February 15th. That is the game that is being played here plain and simple straight from the company's own print.
Bubae
Re: None
Wednesday, April 10, 2024 2:42:03 PM
Post# 12893 of 13778
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174213682&txt2find=street%2B2022
Bubae
Re: None
Saturday, May 04, 2024 7:47:06 PM
Post#13665 of 13671
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174359031&txt2find=Capital%2Bconversions
For the quarterly period ended March 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000051/begi-20230331.htm.htm
As of May 5, 2023, there were 683,446,845 shares of the registrant’s common stock, $0.001 par value, issued and outstanding, not including shares reserved for conversion of notes.
During the three months ended March 31, 2023, the Company issued shares of its common stock as follows:
104,643,939 shares for conversion of $33,927 principal and interest on convertible notes payable.
Well that is nonsense. These are METHOD patents to begin with. What a patent provides is the right to defend your idea in court if you believe someone is infringing. Blackstars method depends on Amazons product and by their own admission "...Significant elements of our intended products and services are based on unpatented trade secrets and know-how... " They started with the trading platform idea years ago and now have penciled in a couple of new ideas to the template which are nothing but paper at this point. They still are unable to use the trading platform to trade even Blacskstar's stock so we really don't even know if it works. Just that it isn't allowed to operate. More details and the video in post #13005.
Bubae
Re: None
Monday, April 15, 2024 9:11:48 AM
Post# 13005 of 13777
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174237993
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.otcmarkets.com/filing/html?id=16735041&guid=RoJ-kKyjFy5HJth
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.
Not necessarily everyone. You only know patents are good when you get licenses or start sueing people. If neither happens, then there are work arounds. And those two morons know nothing about patent validity here, so no point to even read their drivel. That is if you are one of the few to not have them on ignore.
100% wrong. Anyone who trades other than Blackstar would be infringing on their patent. You can’t just ask for a patent and get one you have to go through a process which takes time and money. Once awarded a patent it’s set in stone and a company can can stop people from infringing or make a licensing agreement with that company. Blackstar has a very bright future ahead. Some should do their research instead of Copy And Paste.
Good point Spacesonic! Bubae and Burner seem to be talking to themselves now, many have them on ignore. Beware of long emails....They have ulterior motives and many are wise to them now.
Really all that needs to be known about this stock is that the narrative the CEO spins in the infomercials is betrayed by his history and what is in print in the S-1 prospectus and quarterly filings. What he is doing is promoting the debt conversions which are priced so low that they are getting a pittance for debt relief. As of May 5th, one year to the day, the company has added 1,056,870,102 new shares. All but 104,643,939 of those shares came in Q2 2023 and later when it looks like they were queueing up shares for the November festivities.
We know that they have a total of five infomercials since the beginning of the year. Since just February 15th when the stay was lifted the CEO's infomercials helped GS Capital sell more than 270 million shares priced at $0.00006 that were awarded from the lawsuit to date. We have a window here now for Adar Alef or SE Holdings to move some of their defaulted debt but it isn't looking good. The two new ideas penciled into the method patent template aren't generating much liquidity and they certainly won't be generating any revenue anytime soon. By the end of June those restricted shares representing some bills that needs to be paid will be ready. Details in post# 13728 linked below. What I see is a share structure that will likely get blown out by the end of the year just in time for the bench trial for the GS Capital lawsuit is in January 2025. GS Capital may want to demand a cash settlement for legal fees and damages instead of shares. 😆
Bubae
Re: burner67 post# 13724
Tuesday, May 07, 2024 10:14:24 PM
Post# 13728 of 13771
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174376080
How can you be so bearish and have so much information? You must be using AI because it's inaccurate. Are you trying to get all of the shares? Because BEGI gained my account than other stocks.
First, the use of the word technology with Blackstar's product lacks context. They have developed a method to record trading transactions using Amazons Amazon Web Services (“AWS”) product. There is no difference in how trades are processed by the "...broker-dealer who is also an ATS...". The role of the blockchain ledger is to securely record the transactions. The need to partner with a broker / dealer ATS is the issue. This is apparently an obstacle for anyone who may be interested in using it. None of this even matters since the trading platform hasn't been approved to operate. This has been the case for years but it won't get mentioned in the infomercials. It is all about what they are going to do, not what they are able to do.
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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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.)
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Overview of the BDTP™ Platform
BlackStar intends the BDTP™ to be a tool for trading securities within the existing FINRA and SEC regulated brokerage ecosystem, addressing many of the regulatory issues by operating within the existing confines of the system. For example, customers will continue to use brokerage accounts and broker-dealers and the transfer agent will continue to maintain the shareholder records...
SEC Correspondence vetting the S-1 prospectus February 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000009/filename1.htm
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The process for trades from book-entry form is explained in bullet point 1. The blockchain trading platform uses the same protocols as many registered Alternative Trading Systems (ATS). 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 shareholder does not use a wallet with BDTPTM but will use a traditional customer account at a registered broker-dealer. The broker will invite their customers to trade on the private blockchain through the user interface of BDTPTM. The customer-facing interface would allow the broker-dealer client to initiate a trade. The BDTPTM will partner with a broker-dealer who is also an ATS or an exchange, or will simply partner with an ATS, in order to host the quotes and operate the market. The Host of BDTPTM then records the transactions to the blockchain, creating an immediate and permanent transaction log.
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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