BlackStar Enterprise Group Inc (BEGI)

[Bubae]

This whole idea of everything on a blockchain is just stupid. Trading common shares on a blockchain as if there is some security concern regarding ones ownership of common OTC stock. This idea was priced in as low as $0.0001 a share just days before this method patent promotion runup and is why these debt conversions are priced below $0.0002. Blackstar hasn't patented anything more than a method that rides on technology owned by others. Now they are promoting corporate governance on a blockchain, capital fund raising on a blockchain, just take the current method and pencil anything in and call it new and innovative. What this CEO is doing now is simply mocking the original idea that they still, after years of trying, aren't able to monetize because of the regulatory issues. He appears to be in the method patent promotion business now. They are grasping onto anything that can generate some liquidity for the debt conversions and this is all they have. So far it has worked for these predatory lenders who have banked some very nice profits off this promotion. We all know who ultimately pays for it. Right?


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.