BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Exactly what news are you expecting? "corporate governance" and "capital fund raising" method patents? The CEO boasted about this in his infomercial and it may have generated some volume for the conversions it really didn't get anyone very excited. The two ideas on a blockchain ledger really does make much sense to me. The two features that they plan to acquire method patents for is mentioned in the S-1 offering prospectus.

So exactly what is patented and what is not since it appears that they can plug just about anything into their developed method template which is built on Amazons Quantum Ledger Database product. The method patents simply gives Blackstar the privilege to defend what has been up to this point a fairly useless venture. How defendable is it even if someone else was interested since "...Significant elements of our intended products and services are based on unpatented trade secrets and know-how..."


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.

Additional Features of the BDTP™ Platform
The BDTP™ platform will contain three features: (1) the main trading feature as discussed above, (2) an indication of interest feature for future offerings, and (3) a corporate governance feature.

RISK FACTORS OF THE COMPANY
THERE CAN BE NO CERTAINTY AS TO MARKET ACCEPTANCE OF THE PROPOSED BDTP™.

The Company has no certainty as to whether the market will accept our proposed business concept and use the idea of the BDTP™, should it become operational, nor is there any certainty as to how the BDTP™ translates to profits for the Company. There is no assurance of market acceptance or profitability of the concept or Company. The BDTP™ is not yet functional and may never be functional.

THE OPERABILITY OF OUR PLATFORM DEPENDS ON OUR ABILITY TO ENTER INTO A LICENSE AGREEMENT WITH A BROKER DEALER OR AN ALTERNATIVE TRADING SYSTEM.

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”)...

THE POSSIBILITY OF TRADING OCCURING ON MULTIPLE EXCHANGES MEANS THAT THERE MAY BE DISCREPANCIES IN TRADING PRICES OF COMMON STOCK.
The trading market operating on the BDTP TM, once operational, is distinct and separate from the OTC market on which the common shares currently trade, which could cause discrepancies between the trading prices of common shares between the two venues, whether resulting from different liquidity in the markets or otherwise....

Regulatory Challenges of our Business Concept (BDTP™)
Our first regulatory challenge is seeking the approval of the Securities and Exchange Commission (“SEC”) of our concept for a security that could be traded on the BDTP™ because the SEC has not yet adopted rules or regulations specific to the digital securities industry nor any regulations involving blockchain or distributed ledger transactions.

We do not have any time frame for achieving any of the regulatory challenges although we believe that it may take between one to three years before the BDTP™ platform is operational with all required regulatory approvals.