BlackStar Enterprise Group Inc (BEGI)

[Bubae]

What a difference a few months make. When the CEO needed to get the price up to sell those new shares priced at an average of $0.00017 a share he talked in terms of a "20-year monopoly". The second infomercial he kicks it off with the statement "with the patent we have been given a 20-year look at the market" then another " for the next 20 years out patent is going to be in effect" He also starts by saying that they have a family of patents around their technology.

They did not patent any new technology, they have a method patent which is simply a system for trading common stock on the "Quantum Ledger Database, a blockchain framework from Amazon Web Services (“AWS”)" They also state in the S-1 offering that "Significant elements of our intended products and services are based on unpatented trade secrets and know-how... We have seen two infomercials now and with this latest one the CEO dances around the issue of regulatory allowance for the trading platform. He still can not say anything about any conversations being conducted to allow their product to be used. Traders knew this simple fact back in October when this was trading as low as $0.0001 before this promotional runup. You all are simply putting money into the pockets of these predatory lenders, not financing some new technology. 🙄

BlackStar will Receive a Patent on its Revolutionary Digital Trading Platform: A Blockchain Encrypted Infrastructure Designed to Enable Digital Assets that are Securities to Trade on a Blockchain.
Tuesday, 24 October 2023 09:30
https://www.accesswire.com/795852/blackstar-will-receive-a-patent-on-its-revolutionary-digital-trading-platform-a-blockchain-encrypted-infrastructure-designed-to-enable-digital-assets-that-are-securities-to-trade-on-a-blockchain

When this patent issues in due course at the USPTO, likely in November 2023, BlackStar will have a registered patent that will give BlackStar a 20-year monopoly on digital equity trading of securities on a blockchain.


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=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.