Replies to post #11877 on BlackStar Enterprise Group Inc (BEGI)

[Bubae]

The toxic financing is the result of the language in the notes and has nothing to do with the trading platform. This stock has gotten so much energy on the runup because of promotion based on what people don't understand about this method patent and trading platform. Blackstar can't even get their own shares trading on the platform and you will be hard pressed to find another stock where the toxic financers have fleeced retail this badly.

Blackstar started 2023 with 546,495,214 and during the first nine months of 2023 the more than doubled the share count with an additional 698 million shares to settle only $116K of debt. Most of those shares priced at an average of $0.00017 a share were issued in Q2 and Q3 of 2023. They held back the shares for GS Capital conversions which resulted the lawsuit that promises to serve up hundreds of millions of new shares with a conversion price of $0.00013. The approval of the method patent changes none of this. In fact the method patent based on Amazons product appears to be very weak to me.

What the patent does if it gives Blackstar the right to spend money trying to defend it if the SEC ever allows it and if anyone was interested in using it. Two infomercials and all the CEO has in terms of new information is that they want to plug "corporate governance" and "capital fund raising" into this method patent template. What Blackstar needs is a narrative from which to sell shares. They have zero actual business, zero revenue, and zero full time employees. This has been the case for years.


For the quarterly period ended September 30, 2023
https://www.otcmarkets.com/filing/html?id=17069009&guid=nrd-kpJOCvxHJth

Common Stock

During the nine months ended September 30, 2023, the Company issued shares of its common stock as follows:

• 698,077,221 shares for conversion of $116,725 principal and interest on convertible notes payable.

Bubae
Re: SorcererDiviner18 post# 11577
Wednesday, February 14, 2024 12:43:18 AM
Post# 11578 of 11880
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173841339&txt2find=weak

In the company's own print, "Significant elements of our intended products and services are based on unpatented trade secrets and know-how..." and their method is based on "Quantum Ledger Database, a blockchain framework from Amazon Web Services (“AWS”), and to use the AWS Cloud for transaction data storage." Now if anyone ever thought that they may try to monetize these obscure services if they are ever permitted by the SEC for trading common stock it would not appear to be too difficult to get around the Blackstar patent. What the patent gave Blackstar was to right spend money trying to defend what appears to be a weak patent.