BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Most do not understand the nature of what this company is doing. They see blockchain and crypto and they get excited. Crypto currency blockchain systems are currently unregulated and the industry is aggressively fighting with the SEC over this issue. BlackStars trading platform has been dead in the water for years now because they do fall under SEC regulatory rules for securities.

Bubae
Re: burner67 post# 7039
Wednesday, December 13, 2023 3:36:40 PM
Post# 7041 of 7745
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173422450&txt2find=squarely

The patent is useless because of the SEC regulatory rules. The company talks about this in the S-1 offering filing. This is why the cryptocurrency industry is fighting the SEC over ' labeling cryptocurrencies as commodities or securities'. They do not want to be regulated out of business. The cryptocurrency folks may eventually get a legislative exemption from securities laws, but you can bet BlackStar will not. BlackStar's patent and trading platform idea falls squarely within the SEC's purview....

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=rhJ-kqztWEy2B3h

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. Although the Company does not believe that any reputational harm, loss of financing, stock price volatility, risk of legal proceedings, and/or low demand for our services will occur as a result of disruptions to and volatility in the crypto asset markets, the Company could nonetheless potentially be harmed as a result of our proximity to crypto asset markets.