BlackStar Enterprise Group Inc (BEGI)

[Bubae]

This has been going on for a very long time now. If you have to partner with a broker dealer or ATS what use is it. To monetize the product they need to license it and those paying the fee need to justify it. If Blackstar can't even get their own shares trading on this platform why are traders buying the story that others will or can? Makes absolutely no sense.

The propose platform isn't used anywhere "...The BDTP TM has not been approved by any regulatory agency or broker dealer and is not currently operational..." They have a lot of very old debt, debt in default, litigating another note, new notes that have matured now, so all they have is this same story. Since October these toxic note holders with conversions as low as $0.00012 are cleaning up big time and Blackstar is getting but a pittance of debt relief.


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

Definitions

As used throughout this Registration Statement, capitalized terms used but not defined herein shall have the meanings assigned to such terms in the filing. The following terms shall have the meanings set forth below, unless the context clearly indicates otherwise:

BlackStar Digital Trading Platform TM (“BDTP TM”): a digital Electronic Fungible Shares trading platform enabling the trading of BlackStar common shares in electronic fungible form. (The BDTP TM has not been approved by any regulatory agency or broker dealer and is not currently operational.)


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 TM relies on our ability to enter into a license agreement with a broker dealer or an alternative trading system (“ATS”)...

... If we are unable at any time to establish the necessary relationship, BDTP TM may never become functional. If we are unable to license BDTP TM to an ATS in this way, we may reevaluate whether we may apply for ATS status.