BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Well never mind that the trading platform method patent is not allowed by regulators. Even with that the method patent according to the company text "...Significant elements of our intended products and services are based on unpatented trade secrets and know-how..." It sure doesn't sound like a strong position to defend for 20 years in the age of AI. Some links to info in post# 13005 below. From what I see they will be blowing out the rest of the current share structure in 2024 so expect trips again, not dollars.



Bubae
Re: None
Monday, April 15, 2024 9:11:48 AM
Post# 13005 of 13417
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174237993&txt2find=anywhere

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.

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.