BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Could you exaggerate this a bit more than that? 🙄 Maybe its the proverbial moon shot maybe. 😆 Is there any reason why an existing broker/dealer would have a need for a blockchain ledger system? If this was so special do you not believe that this system and method patent couldn't easily be circumvented by a modified system or method.

The intent is to lease this idea to broker/dealer and it doesn't appear to me that they have been able to sell the idea to even those providing capital. If they had they wouldn't have had to sell 44% of the outstanding share count for only $116K in the past nine months. Those shares priced at .00017 are currently eligible with roughly another 210 million shares working through their six month holding period becoming eligible in Q1 2024.

So to add to the potentially years that is will take to deal with the SEC and FIRNA regulatory challenges we also have the issue with SEC Alternative Trading System requirements. Reading over the S-1 description of why the patent is currently useless is enlightening. One single sentence in the regulatory challenges section sums up this so called cure for cancer comparison for me ' BlackStar’s aim is to develop BDTPTM, a digital share trading platform, to trade free-trading BlackStar common stock only.'[

b]This is the “cure for cancer “ in our trading world

AMENDMENT NO. 10 TO FORM S-1
https://www.otcmarkets.com/filing/html?id=16735041&guid=7DJ-keSL49Y4B3h

Regulatory Challenges of our Business Concept (BDTPTM)

BlackStar’s aim is to develop BDTPTM, a digital share trading platform, to trade free-trading BlackStar common stock only.



SEC Alternative Trading System

The final significant regulatory challenge involves the Alternative Trading System (“ATS”) as defined under 17 CFR §242.300. We understand the SEC position on digital securities to be that digital assets are required to be traded through an ATS, with which we agree. An ATS must comply with many control, regulatory, reporting, securities, inspection, procedural, and disclosure requirements. The SEC however has not yet proposed regulations for ATS trading of digital securities and is treating ATS applications under existing regulations.

We do not intend to attempt to register as an ATS but rather will seek to contract with an existing ATS to license our platform (if approved by regulatory agencies) for the ATS use and management. Our platform will operate just as any other software platform used for trading by an ATS or broker/dealer. We believe this is ultimately the best solution from a regulatory standpoint to have the existing ATS manage those requirements for compliance with SEC and FINRA rules and regulations.

It could take one year to eighteen months, to prove the concept to an existing ATS and then to properly integrate operations into the ATS monitoring and regulatory systems. The ATS would need to obtain SEC approval to add the BDTPTM platform to its existing trading platform which could take one year to eighteen months.

We cannot at this time anticipate every regulatory action of the digital security industry in the future. No proposals for regulation have even reached published proposal stage. New regulations of the digital securities industry could render our business either impossible due to the nature of regulations, or uneconomical, which would doom our concept.

We do not have any time frame for achieving any of the regulatory challenges although we believe that it may take between one to three years before the BDTPTM platform is operational with all required regulatory approvals.