BlackStar Enterprise Group Inc (BEGI)

[Bubae]

First of all, I showed up on this board when it was tipping over a penny and have never owned this stock so dispense with the ex-disgruntled shareholder angle. 🙄 My post below on the day this traded at its 52 week high of $0.0128. Second, I don't simply slam the company with conjecture riddled rants like those who promote. I provide actual due diligence from the filings complete with the links for those conducting their own due diligence. Attack the content if you can instead of the personal rants.

If this was an amazing method patent it wouldn't be trading where it is and would have an easier time attracting capital. 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. 🙄

Many companies in the OTC have zero revenue, in fact losses. Not many pick fights with their lenders over relatively small notes. The failure to deliver shares on what was a principle balance of only $33K will be very costly in the end and GS Capitals conversion price is $0.00013. Why $0.00013? Because the stock is Shite. A second note of a bit more than $33K is in default and has been earning default interest since 2022. This company appears to unwilling to pay their notes for some reason.

Bubae
Member Level
Re: dinogreeves post# 4025
Monday, November 27, 2023 6:47:51 PM
Post# 4026 of 11946
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173305774&txt2find=kool

Wow, the cult of believers here is very Jonestown-esc. Kool-Aid anyone?

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.