Replies to post #13774 on BlackStar Enterprise Group Inc (BEGI)

[Bubae]

Well that is nonsense. These are METHOD patents to begin with. What a patent provides is the right to defend your idea in court if you believe someone is infringing. Blackstars method depends on Amazons product and by their own admission "...Significant elements of our intended products and services are based on unpatented trade secrets and know-how... " They started with the trading platform idea years ago and now have penciled in a couple of new ideas to the template which are nothing but paper at this point. They still are unable to use the trading platform to trade even Blacskstar's stock so we really don't even know if it works. Just that it isn't allowed to operate. More details and the video in post #13005.

Bubae
Re: None
Monday, April 15, 2024 9:11:48 AM
Post# 13005 of 13777
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174237993

I have to admit that I didn't watch the latest infomercial until this morning. FINALLY, this CEO talks about the need to partner with a broker dealer or ATS starting about 2:50 into the video. Why is he suddenly talking about this now? This has been the case for years and the press releases leading up to the October promotional push included this information. If it is legal to use with a broker / dealer or ATS, why is Blackstar not trading their own shares on this proposed trading platform? Finally saying this in a new infomercial is why traders didn't take the bait on April 10th. You didn't hear a peep about this in the March 22nd infomercial that generated 118 million in trading volume. 😆

AMENDMENT NO. 10 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.otcmarkets.com/filing/html?id=16735041&guid=RoJ-kKyjFy5HJth

RISK FACTORS RELATED TO OUR PLATFORM AND BLOCKCHAIN/DISTRIBUTED LEDGER TECHNOLOGY

IF WE ARE UNABLE TO PROTECT THE CONFIDENTIALITY OF OUR TRADE SECRETS, OUR BUSINESS AND COMPETITIVE POSITION COULD BE HARMED.
Significant elements of our intended products and services are based on unpatented trade secrets and know-how that are not publicly disclosed. In addition to contractual measures, we try to protect the confidential nature of our proprietary information using physical and technological security measures.

INTELLECTUAL PROPERTY RIGHTS CLAIMS MAY ADVERSELY AFFECT THE DISTRIBUTE LEDGER TECHNOLOGY.
Third parties may assert intellectual property claims relating to their source code, including Distributed Ledger Technology. Regardless of the merit of any intellectual property or other legal action, any threatened action that reduces confidence in distributed ledger technology’s long-term viability may adversely affect an investment in us.

Overview of the BDTP™ Platform
Blackstar has built the technology based upon the Quantum Ledger Database, a blockchain framework from Amazon Web Services (“AWS”), and to use the AWS Cloud for transaction data storage. The BDTP™ would offer a web-based interface for trading transactions as well as an Application Programming Interface (API) that directly accesses all transactions stored on the BDTP™. In June 2020, BlackStar and Artuova, a custom software development company, successfully completed a production ready user interface for the BDTP™ platform, which is feature-complete.

[mretgnol]

Lol.

Some should do their research instead of Copy And Paste.

Actually, if any of the clueless fools here bothered to research trading securities on blockchain, you all would realize the Depository Trust and several brokerages are already using blockchain for trades. Using Securrency's software, which they paid a total of $50 Million to use.

You know Securrency? With patents dated back to 2017 on how the current market will end up using actual blockchain for securities trading.

https://www.prnewswire.com/news-releases/securrencys-new-patent-for-ground-breaking-compliance-aware-token-framework-a-critical-step-in-evolution-to-global-liquid-digital-assets-marketplace-301678064.html

https://patents.justia.com/patent/11410235

Anyone who trades other than Blackstar would be infringing on their patent.

The members of Project ION have zero worries about this turd. ZERO.

https://www.dtcc.com/dtcc-digital-assets

These idiots would have a better chance getting a usable patent on a left-handed banana peeler.

No one needs Blackstar's method to trade on blockchain.
The SEC will not adopt or incorporate Blackstar's supposed method for filings.

I give Blackstar about 45 days before they get hit with a Wells Notice.
Would have been 7 days if Susie Youn was still running the Denver SEC office.

By the way, the company who has the best blockchain patents for the handling of securities is actually Bank of America.