BlackStar Enterprise Group Inc (BEGI)

[Bubae]

My how the narrative changes...

When you are about to flood the market with converted shares. Aside from the disclosure of the SEC regulatory challenges in the S-1 offering the company has been frank in the past concerning the efficacy of the patent and trading platform. Parsing the March press release I noticed a comment of interest that crosses to the S-1 filing. 'there is no assurance that we will be successful in our shares being approved or cleared for trading on our BDTP™ platform'. From the S-1 - 'BlackStar’s aim is to develop BDTPTM, a digital share trading platform, to trade free-trading BlackStar common stock only.'

Full stop disclosure, I am compensated by anyone and I do not hold a position in this ticker though I wish I had the ability to sell it short. What I hate are toxic lenders who make a fortune promoting their toxic dumps. The company only received $116K for the 698 in conversions that may be worth million as fools continue to buy. Good luck. 😳

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

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.


AMENDMENT NO. 10 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.otcmarkets.com/filing/html?id=16735041&guid=f5J-kKvIC1xEdth

Regulatory Challenges of our Business Concept (BDTPTM)

BlackStar has always recognized that digital equities must be registered or otherwise have an exemption from registration within the existing SEC regulations and guidelines. BlackStar’s aim is to develop BDTPTM, a digital share trading platform, to trade free-trading BlackStar common stock only. The regulatory challenges presented come from integration of the platform into the existing broker-dealer ecosystem, approvals/advice of and compliance with the rules and regulations of OTC Markets Group, SEC, FinCen, IRS, anti-money laundering rules, or FINRA. These rules encompass the functionality of the system, cybersecurity laws, and state and federal financial laws. No assurance can be given that such regulatory approvals will be obtained in a timely manner or at all.

Bubae Member Level
Wednesday, December 06, 2023 8:03:34 PM
Post# 5558 of 6356
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173375767&txt2find=useless

Regulatory Challenges of our Business Concept (BDTPTM)

Bubae
Re: Joe DiMaggio post# 5601
Thursday, December 07, 2023 8:50:30 AM
Post# 5602 of 6357
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173377683&txt2find=ATS

The final significant regulatory challenge involves the Alternative Trading System (“ATS”)