Monday, April 01, 2024 10:43:53 AM
Blackstar has nothing to do with the crypto asset industry, nothing. Refer to the statement in the S-1 offering prospectus that clarifies this. What Blackstar proposes to do deals with what they refer to as "...Book-entry electronic fungible shares are currently traded on OTC and Exchange Markets..." That being the types of shares everyone is already doing from their current trading platforms.
Want to talk about tokenized securities? The CEO talked about securities that are ...currently are traded LEGALLY in the form of tokens securitized by common stock which is thrown into a blockchain. Link to that infomercial below where the CEO makes the statement starting at about 9:30 into the segment.
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=rhJ-kqztWEy2B3h
THE COMPANY MAY FACE REPUTATIONAL HARM, LOSS OF FINANCING, STOCK PRICE VOLATILITY, AND/OR LOW DEMAND FOR SERVICES BY PROXIMITY TO THE CRYPTO ASSET MARKET.
The Company does not operate in the crypto asset markets, does not have crypto asset holdings, and is not proposing to participate in the crypto asset industry, including crypto securities, crypto currencies, and tokens. The use of a blockchain in our proposed platform often gets conflated with crypto asset markets due to blockchain’s use in those industries as well.
SEC Q&A correspondence February 13, 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000009/filename1.htm
Please confirm, if true, that the exchange of common shares for electronic fungible shares means that a shareholder cannot trade common shares OTC.
Book-entry electronic fungible shares are currently traded on OTC and Exchange Markets. The format of the common shares traded via any electronic account are already electronic fungible shares – they may be traded via OTC or BDTP™ (once operational), or any exchange in the future.
Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..
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