BlackStar Enterprise Group Inc (BEGI)

[Bubae]

How many still around fell for the monopoly narrative launched by this CEO in October 2023 which helped fuel this heavily promoted effort on social media? Second interview within the first two minutes he talks about the patent and states "...we were given a 20 year LOOK at the market..." and ..." for the next 20 years the patent will be in effect...". Gone is the talk of a monopoly which is defined as a "...the exclusive possession or control of the supply of or trade in a commodity or service. What they have is a method patent does is give Blackstar the privilege to defend what Blackstar is still unable to do as defined in the patent. The method patent also appears to be weak given the statement in the S-1 offering prospectus "... Significant elements of our intended products and services are based on unpatented trade secrets and know-how..."

Second point is the first two minuets is the claim of a family of patents around their technology. What they have is a method patent that is operating on a "...Quantum Ledger Database, a blockchain framework from Amazon Web Services (“AWS”), and to use the AWS Cloud for transaction data storage." So to claim they have developed a technology is a bit of a stretch. Now they want to pencil in "corporate governance" and "capital fundraising" into the method template and sell that narrative. They aren't even able to use the original idea or show that anyone is interested in using it. There have been some heavy losses banked here that went directly into the pockets of these toxic lenders holding shares priced at less than $0.0002 a share heavily promoted by this CEO.

Something else I noticed, the 8K filing which reports the article dated April 24th included the monopoly claim in the filing linked on the OTC site. This statement does not appear on the 8K filing for the SEC EDGARs database but rather in a link to the article.

Date of report (Date of earliest event reported): October 24, 2023
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001483646/000106594923000089/blackstar8knov12023.htm


Date of report (Date of earliest event reported): October 24, 2023
https://www.otcmarkets.com/filing/html?id=17021626&guid=4td-kaJ6H_M4B3h

When asked for comment, BlackStar’s CEO, Joseph E Kurczodyna stated that “this may revolutionize blockchain trading of digital assets that are securities.” 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.sec.gov/Archives/edgar/data/1483646/000106594923000063/blackstar_s1a10.htm
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.