BlackStar Enterprise Group Inc (BEGI)

[Bubae]

It is a bit of a stretch to continue to call this a start-up. I would say that the trading platforms time is up at this point and the future, which is now, is tokenized stock on a blockchain which is not what Blackstar does. The best evidence is the fact that the CEO no longer talks about overcoming the issues preventing the proposed trading platform from operating. Five infomercials so far for 2024 and not word on any progress because it would seem to be a fact that their “BDTP ™” product will never be used in the market.


For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 5
BlackStar Digital Trading Platform TM (“BDTP ™”): a digital Electronic Fungible Shares trading platform enabling the trading of BlackStar common shares in electronic fungible form. (The BDTP™ has not been approved by any regulatory agency or broker dealer and is not currently operational.)

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Our plan to operate the BlackStar Digital Trading Platform ™ relies on our ability to enter into a license agreement with a broker dealer or an alternative trading system (“ATS”).

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

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's Blockchain Equity Trading Proprietary Software May Be Innovative Solution for Regulators, U.S. Broker Dealers and Investors
Wednesday, 21 July 2021 10:03
https://www.accesswire.com/656459/blackstars-blockchain-equity-trading-proprietary-software-may-be-innovative-solution-for-regulators-us-broker-dealers-and-investors

For the last phase of the project, BlackStar is actively pursuing strategic relationships with various broker dealers and clearing firms to quote the stock and enable the platform to begin trading of registered BEGI shares, completing the final stages of our multi-year software engineering effort.

New to The Street TV Signs BlackStar Enterprise Group, Inc. to a 3-Month TV Series
June 02, 2022 09:00 ET
https://www.globenewswire.com/en/news-release/2022/06/02/2455264/0/en/New-to-The-Street-TV-Signs-BlackStar-Enterprise-Group-Inc-to-a-3-Month-TV-Series.html

BlackStar is developing the BDTP™ where our conceptual “Digital Equity,” if ever registered with the SEC and allowed to be traded by the SEC and FINRA, is proposed to be traded on the blockchain.

BlackStar Enterprise Group, Inc. Provides Corporate Update
Wednesday, 21 December 2022 12:00
https://www.accesswire.com/732798/BlackStar-Enterprise-Group-Inc-Provides-Corporate-Update

While correspondence with regulators continues, the Company feels considerable progress has been achieved, and we look forward to further communication from the SEC regarding the registration statement.

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

However, there can be no assurance that such regulatory approvals will be obtained in a timely manner or at all....

...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

At this time, no ATS has committed to an arrangement. We intend to continue having discussions with various ATS's until we have secured an arrangement that will allow the BDTP™ platform to operate.