Replies to post #7522 on BlackStar Enterprise Group Inc (BEGI)

[Bubae]

You have no idea what you are talking about. The Blackstar Digital Trading Platform ("BDTP") that is the system and method patent was never intended to stand on its own. Per the Q3 2023 filing "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." They have been talking about this SEC Alternative Trading System (ATS) issue since 2017 in an attempt to conform with the regulations regarding securities. Problem number one as filed in the AMENDMENT NO. 10 TO FORM S-1 dated June 16th "The SEC however has not yet proposed regulations for ATS trading of digital securities and is treating ATS applications under existing regulations". Ever see a stinky pink ticker sell so many shares for so many years off the very same narrative?

Was well said, "the patent is standing and will stand on its own" That's worth a lot...

FORM 10-K/A
For the fiscal year ended December 31, 2017
https://www.otcmarkets.com/filing/html?id=12950516&guid=p0J-kFrrYvXrcLh

We understand that we may be required to register as an ATS. Alternatively, we may seek an exemption if we are able to establish a relationship with OTC Market Group to quote our stock on the OTCQB page alongside the Market Makers...

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

Bubae
Sunday, December 17, 2023 11:18:50 AM
Post# 7343 of 7457
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173445845

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.

Bubae
Sunday, December 17, 2023 11:18:50 AM
Post# 7343 of 7523
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173445845

The patent narrative that has been perpetuated on social media for weeks now is full of misinformation. The patent is a system and method patent that details the functionality of the Digital Trading Platform ("BDTP"). They have been talking about this trading platform for years. The links to the press releases reveals commonality between the press releases for the past three years from September 2020 to September 2023.

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.

AMENDMENT NO. 10 TO FORM S-1Regulatory Challenges of our Business Concept (BDTPTM)
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.otcmarkets.com/filing/html?id=16735041&guid=A0J-knmv0E161Oh

SEC Alternative Trading System
The final significant regulatory challenge involves the Alternative Trading System (“ATS”) as defined under 17 CFR §242.300. We understand the SEC position on digital securities to be that digital assets are required to be traded through an ATS, with which we agree. An ATS must comply with many control, regulatory, reporting, securities, inspection, procedural, and disclosure requirements. The SEC however has not yet proposed regulations for ATS trading of digital securities and is treating ATS applications under existing regulations.