Promoters of this stock were very successful early on conflating what Blackstar's trading platform proposes to do with what is going on in the crypto currency markets. One has nothing to do with the other but it doesn't stop the CEO from promote the association in the second infomercial. First three minuets of the video he essentially claims that the SEC approval for ETFs to trade bitcoin gives Blackstar's product a "greenlight" which is total BS and worthy of a SEC complaint in my opinion.
The CEO talked about tokens in his infomercial which got may attention as something I did not know. Starting at about 9:30 into the first infomercial the CEO talks about securities that are traded LEGALLY in the form of tokens securitized by common stock which is thrown into a blockchain. So for what reason would regulators change the rules for the industry to accommodate what Blackstar wants to do since there is a legal form of trading common stock on a blockchain already?
The statement in the S-1 offering regarding the subject of conflating what is going on in the crypto currency arena with what Blackstar proposes to do. "...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."
THE COMPANY MAY FACE REPUTATIONAL HARM, LOSS OF FINANCING, STOCK PRICE VOLATILITY, AND/OR LOW DEMAND FOR SERVICES BY PROXIMITY TO THE CRYPTO ASSET MARKET.
The Company does not operate in the crypto asset markets, does not have crypto asset holdings, and is not proposing to participate in the crypto asset industry, including crypto securities, crypto currencies, and tokens. 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.
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