Replies to post #10839 on BlackStar Enterprise Group Inc (BEGI)

[Bubae]

You know what? Lets cut to the chase. The BlackStar Digital Trading Platform™ which is the method patent is still, after years of trying, not allowed to operate under regulatory rules governing securities. Traders knew this just days before this runup when it was trading as low as $0.0001. It is also the reason why the company issued 698 million new shares for debt conversions, more than doubling their share count, priced at an average of only $0.00017. The approval for the method patent, such as it is, changes none of this. When the company uses phrases like "Significant elements of our intended products and services are based on unpatented trade secrets and know-how..." in their S-1 offering It doesn't appear that they could even defend the idea even IF it were allowed or IF anyone ever believed they needed it to secure their ownership of common shares of OTC stock.

We know how weak the patent and trading platform are because the CEO just released two infomercials promoting this idea and provided nothing new but rambling promotional hype. In fact the last infomercial pushed two false narratives. The first is that the SEC review of the product description for the S-1 offering equates to a review to approve the BlackStar Digital Trading Platform™. The process was to make sure Blackstar wasn't scamming investors. This same activity trying to connect the two got them in trouble in April with the SEC who issued a letter triggering a correction press release by the company. This is detailed in post# 10297 with links to the information.

Second false narrative is trying to conflate the blockchain trading platform product with that of what is happening with cryptocurrencies like Bitcoin. One product has nothing to do with the other, bitcoin isn't trading common stock on a block chain. The company's own statement in the S-1 offering "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." So what does the CEO do anyway in the infomercial, conflated with crypto asset markets and ETF activity due to blockchain’s use in those industries, which is a false narrative.

What didn't the CEO talk about in either of the infomercials? This fact from previous years of press releases "Our plan to operate the BlackStar Digital Trading Platform TM relies on our ability to enter into a license agreement with a broker dealer or an alternative trading system (“ATS”)." I go into this in Post# 10716 complete again with links to the press releases and filing. He didn't even mention regulatory issues in the two infomercials. Nothing new after years of talking about this subject.

Bubae
Re: None
Friday, January 19, 2024 11:12:59 PM
Post# 10297 of 10839

...The two years that the SEC was reviewing their process was for the purpose of approving the S-1 offering not the trading platform. The the way that the paragraph is written it could be construed as the SEC approving the trading platform in my opinion. If one did not understand what a Form S-1 was they may assume that is was approval for the trading platform the way that it is written...

This looks like the same kind of activity that got the company in trouble with the SEC back in April 2023 triggering the press release of April 2023. The company also received a letter from the SEC about the subject and the company filed a 8K as a result. These statements are carefully written. I believe this to be a desperate and very dishonest company.

Bubae
Re: sharky post# 9399
Thursday, January 11, 2024 9:15:52 AM
Post# 9401 of 10839
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173605414&txt2find=bitcoin

Here we go promoting the cryptocurrency narrative again. 🙄 Worked early on so why not. The blockchain angle has been promoted for months though what Blackstar does has nothing to do with cryptocurrencies or Bitcoin ETFs. I would image though that many will try once again to conflate the two to sell their shares.

Bubae
Re: None
Thursday, January 25, 2024 6:48:53 PM
Post# 10716 of 10839
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173706373&txt2find=blackstar%2Btrading

The CEO has now had two infomercials to address the regulatory issues that will not allow the trading platform to operate. This trading platform is the method patent. Since 2020 the SEC advised the company to "...apply for Alternative Trading System ("ATS") status." The company has talked about this repeatedly since in their press releases. In March they give time frames for continuing discussions with the SEC with phrases like " looks forward to ", "We anticipate initiating", " We believe it may".