BlackStar Enterprise Group Inc (BEGI)

[Bubae]

I have called you out before on your false information presented as fact. You even formatted post # 12685 as if it were copy and pasted facts from somewhere though you provide no links. I called you BEGI stock and other OTC stocks are NOT tokenized. They are what is referred to as book entry shares which are electronic representations of paper certificates which is what everyone trades currently on their own trading platforms. In fact, the CEO talks about "...tokens securitized by common stock..." currently being done legally on a blockchain in his first infomercial. Details with links to the video in post #12668. Blackstar does not use tokens.

You claim that Blackstar is utilizing a decentralized blockchain. They have written an app that rides on Amazons product which is centralized. You also try to conflate what Blackstar proposes to do with that of digital assets and crypto currencies which is also false.

None of this matters because one fact has remained for years. Blackstar does not have regulatory approval to use their proposed idea for a trading platform. It is simply a narrative from which to sell shares in my opinion and these toxic note holders are making a fortune while Blackstar is receiving but a pittance in debt relief.

With the GS Capital note in litigation, the Quick Capital note in default for two years now, two other large notes that matured two years ago, this company is technically bankrupt in my opinion. This to say nothing about the recent series of eight nine month notes that began maturing last December, and there is more. We will revisit this when the annual is finally released. Monday will be the 15 day from the late filing extension notice.


SorcererDiviner18
Re: None
Tuesday, April 02, 2024 10:20:37 AM
Post# 12685 of 12989
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174158225

Digital Representation of Ownership: When BEGI stock (and other OTC stocks) are tokenized and traded on a blockchain,...

BEGI BDTP /Blockchain Technology: By using blockchain technology, ownership and transfer of these digital securities can be recorded and verified in a decentralized, transparent, and immutable manner.

Digital securities traded on a blockchain share some characteristics with other digital assets, such as cryptocurrencies, in terms of being tokenized and recorded on a blockchain.

SEC Correspondence February 13th 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000009/filename1.htm

The shareholder does not exchange their common shares for electronic fungible shares. If they hold book-entry shares of common stock, these are already electronic fungible shares that may be sent to the blockchain (BDTPTM) to be traded in the normal course on a partnering ATS platform. If they hold certificated shares, then they would deposit their certificates for common shares with their broker-dealer, who would then send the certificated shares to DTCC or the issuer’s transfer agent and receive book-entry shares via the DWAC service. The book-entry shares held by the brokerage firm in the name of the shareholder are electronic fungible shares.

OTC markets currently trade book-entry electronic fungible common shares as well, however, the BDTPTM platform, with its ATS/broker-dealer host, is a distinct market from the OTC market. Because it is distinct from the OTC market on which the common shares currently trade, there is a possibility that the prices reflected for the common shares will differ across the trading markets.

Bubae
Re: Joe DiMaggio post# 12658
Monday, April 01, 2024 10:43:53 AM
Post# 12668 of 12897
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174150905

So your post reveals a market that is operating in the crypto asset segment and does have a bright future, but that isn't what Blackstar is peddling. You are essentially revealing the competition. More disinformation to promote this stock...

...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...

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

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 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.