BlackStar Enterprise Group Inc (BEGI)

[Bubae]

This company or the toxic converters are paying for these infomercials for a reason. This is because Blackstar has zero revenue and a product that they have not been able to monetize for years. No mention in the first infomercial or the past three press releases about the regulatory issues that will likely continue. Even if those issues are ever cleared, who will actually go to the trouble of trading on a blockchain ledger and for what real practical purpose. That is the main question.

Everything you need to know is in the S-1 offering which provides the details for the BlackStar Digital Trading Platform (BDTP) which is the model for the method patent. Once you read what it actually is you won't recognize most of what is promoted about it on this board and why this stock was trading as low as $.0001 just days before the method patent approval. The issues are still fundamentally the same, the product can not be monetized under current regulatory rules governing securities and according to the company's own print, may never be.

The issue for years according to the company's own print "Our plan to operate the BlackStar Digital Trading Platform™ relies on our ability to enter into a license agreement with a broker dealer or an alternative trading system (“ATS”)" Will the CEO talk about it or will this go back to trading deep in the trips again? According to the S-1 offering statements "The SEC however has not yet proposed regulations for ATS trading of digital securities and is treating ATS applications under existing regulations." Again, will he talk about it or are we just selling shares.

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

We believe the Company is on the path to bringing its proposed business plan to reality. 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.

Blockchain First Infrastructure Designed to Enable Public Company Common Shares to Trade as Digital Securities
Monday, 11 September 2023 09:29
https://www.accesswire.com/782422/blockchain-first-infrastructure-designed-to-enable-public-company-common-shares-to-trade-as-digital-securities

We intend to continue having discussions with various ATS's until we have secured an arrangement that will allow the BDTP™ platform to operate.

We currently intend to seek a contractual arrangement such as a license with an existing ATS for a quoting service, similar to the current listing of our common stock with OTC Markets Group. At this time, no ATS has committed to an arrangement.

BlackStar's Digital Trading Platform Concept Receives SEC Guidance in Q3 2020
Wednesday, 16 September 2020 02:00
https://www.accesswire.com/606207/BlackStars-Digital-Trading-Platform-Concept-Receives-SEC-Guidance-in-Q3-2020

We hope that BDTP will be operational, subject to obtaining funding, by 1st Quarter of 2021.

In July 2020, the Company presented the concept to SEC FinHub staff members for regulatory guidance and received the recommendation to apply for Alternative Trading System ("ATS") status.

Given that guidance, we are evaluating our options for finalizing the BDTP, including exploring partnerships with existing ATS's.

BlackStar will continue to seek further input from various regulatory agencies and OTC Markets on the potential functionality and regulatory aspects of the BDTP over the next several months.

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=ICJ-kWEon3T6Jth

Our plan to operate the BlackStar Digital Trading Platform TM relies on our ability to enter into a license agreement with a broker dealer or an alternative trading system (“ATS”). The BDTP

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.