BlackStar Enterprise Group Inc (BEGI)

[Bubae]

I have to admit that I didn't watch the latest infomercial until this morning. FINALLY, this CEO talks about the need to partner with a broker dealer or ATS starting about 2:50 into the video. Why is he suddenly talking about this now? This has been the case for years and the press releases leading up to the October promotional push included this information. If it is legal to use with a broker / dealer or ATS, why is Blackstar not trading their own shares on this proposed trading platform? Finally saying this in a new infomercial is why traders didn't take the bait on April 10th. You didn't hear a peep about this in the March 22nd infomercial that generated 118 million in trading volume. 😆

Just days before the announcement of the method patent allowance this stock was trading as low as $0.0001 because traders understood at that point that the trading platform wasn't going anywhere. The October press release the CEO states that the patent "...will give BlackStar a 20-year monopoly on digital equity trading of securities on a blockchain." That is the only place you will see the CEO mention the word monopoly for a product that they can't even use themselves. You won't see the word "monopoly" uttered again, not in the subsequent press releases or the infomercials but you can go back a see that social media seized on that statement to move the new shares during that period.

BlackStar's Digital Trading Platform Concept Receives SEC Guidance in Q3 2020
Wednesday, 16 September 2020 02:00
https://www.accesswire.com/606207/BlackStars-Digital-Trading-Platform-Concept-Receives-SEC-Guidance-in-Q3-2020

We hope that BDTP will be operational, subject to obtaining funding, by 1st Quarter of 2021.

In July 2020, the Company presented the concept to SEC FinHub staff members for regulatory guidance and received the recommendation to apply for Alternative Trading System ("ATS") status. Given that guidance, we are evaluating our options for finalizing the BDTP, including exploring partnerships with existing ATS's. BlackStar will continue to seek further input from various regulatory agencies and OTC Markets on the potential functionality and regulatory aspects of the BDTP over the next several months.

Q3 2023
For the quarterly period ended September 30, 2023
https://www.otcmarkets.com/filing/html?id=17069009&guid=A0J-knmv0E161Oh
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
Overview
The completion of our software platform depends on our ability to license it to an existing Alternative Trading System (“ATS”) or for us to possibly register as an ATS, which we do not intend to do at this time as we would prefer to license our platform to an existing ATS. The platform is not currently operational or in use by anyone. More details regarding the BDTP TM can be found in the most recent registration statement on Form S-1, as amended.


BlackStar Enterprise Group, Inc. Provides Registration Statement Update
Wednesday, 15 March 2023 10:30
https://www.accesswire.com/743761/blackstar-enterprise-group-inc-provides-registration-statement-update

Company is on the path to bringing its proposed business plan to reality. However, there can be no assurance that such regulatory approvals will be obtained in a timely manner or at all.

and there is no assurance that we will be successful in our shares being approved or cleared for trading on our BDTP™ platform. The BDTP™ is not yet functional and may never be functional.


Blockchain First Infrastructure Designed to Enable Public Company Common Shares to Trade as Digital Securities
Monday, 11 September 2023 09:29
https://www.accesswire.com/782422/blockchain-first-infrastructure-designed-to-enable-public-company-common-shares-to-trade-as-digital-securities

We intend to continue having discussions with various ATS's until we have secured an arrangement that will allow the BDTP™ platform to operate.

We currently intend to seek a contractual arrangement such as a license with an existing ATS for a quoting service, similar to the current listing of our common stock with OTC Markets Group. At this time, no ATS has committed to an arrangement.

BlackStar will Receive a Patent on its Revolutionary Digital Trading Platform: A Blockchain Encrypted Infrastructure Designed to Enable Digital Assets that are Securities to Trade on a Blockchain.
Tuesday, 24 October 2023 09:30 AM
https://www.accesswire.com/795852/blackstar-will-receive-a-patent-on-its-revolutionary-digital-trading-platform-a-blockchain-encrypted-infrastructure-designed-to-enable-digital-assets-that-are-securities-to-trade-on-a-blockchain

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.