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Bubae

04/18/24 8:00 PM

#13096 RE: SorcererDiviner18 #13086

You might do a little reading yourself...maybe? Just a bit? You really want to deal with a trading platform that is distinct and separate from the OTC market when you are trying to flip the crap? Pay a fee for the privilege? You don't believe this effects the liquidity of a stock? They state, different markets, different liquidity.

They intend to market to companies and I for one would touch a stock using Blackstar's trading platform. Who do I sell to, someone else using the platform? If you ever notice in the infomercials the CEO doesn't really flesh out a real world trading scenario and consequences for the individual trader who will eventually be asked to deal with their product.

For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm

Frequently Asked Questions regarding Proposed BDTP ™ platform
Will the BEFS traded on the proposed BDTPTM trade at different prices than the OTC Pink?

Because it is a distinct market from the OTC Pink, where the common shares currently trade, there is a possibility that the prices reflected for the common shares will differ across the trading markets. BDTPTM, for instance, only accepts free trading securities (of BlackStar common stock) for cash and prohibits shorting. As a result, there could be a difference in price from one market to the next due to different liquidity in the markets as there are arbitrage opportunities in both separate trading venues.

SEC Correspondence February 13, 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000009/filename1.htm


  • Please clarify whether the trading market operating on the platform is distinct and separate from the OTC market on which the common shares currently trade, and whether there could be discrepancies between the trading prices of common shares and electronic fungible shares, whether resulting from different liquidity in the markets or otherwise.

OTC markets currently trade book-entry electronic fungible common shares as well, however, the BDTPTM platform, with its ATS/broker-dealer host, is a distinct market from the OTC market. Because it is distinct from the OTC market on which the common shares currently trade, there is a possibility that the prices reflected for the common shares will differ across the trading markets. BDTPTM, for instance, only accepts free trading securities (of BlackStar common stock) or cash and prohibits shorting. As a result, there could be a difference in price from one market to the next due to different liquidity in the markets as there are arbitrage opportunities in both separate trading venues. A risk factor detailing the possibility of price discrepancies has been added on page 20.



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