Replies to post #14922 on BlackStar Enterprise Group Inc (BEGI)

[SorcererDiviner18]

Maybe it's time to ring up the estate of John Noble Harris and ask them to pitch in.

He was paid handsomely in consulting fees and it appears never made a single statement?

[Bubae]

First of all the discussion about the patents viability is pretty much a moot point with regard to shareholder value. Blackstar has agreed to a settlement to convert more than $860K of the short term liabilities priced at a very steep discount to market. It is fair to say in my opinion that those buying this stock at this point are fools.

Four years ago the SEC offered guidance for Blackstar to possible use their trading platform. The narrative in the press releases and filings remains the same ever since. The industry is embracing tokenization for trading all real world assets including equities. Blackstar's methods have nothing to do with tokenization which is likely why to date they can't find anyone interested in hosting the platform. hen you read the details of how the trading platform works you have to wonder why anyone would use it let alone pay for the privilege.

A broker-dealer is not technically an ATS (Alternative Trading System), but an ATS is typically registered as a broker-dealer, meaning that to operate an ATS, a company must register as a broker-dealer and comply with the associated regulations; essentially, an ATS functions as a trading platform operated by a registered broker-dealer.

BlackStar's Digital Trading Platform Concept Receives SEC Guidance in Q3 2020
Wednesday, 16 September 2020 02:00
https://www.accesswire.com/606207/BlackStars-Digital-Trading-Platform-Concept-Receives-SEC-Guidance-in-Q3-2020

We hope that BDTP will be operational, subject to obtaining funding, by 1st Quarter of 2021.

In July 2020, the Company presented the concept to SEC FinHub staff members for regulatory guidance and received the recommendation to apply for Alternative Trading System ("ATS") status.


BlackStar Secures a Family of Patents to Pave the Way for Blockchain Trading of U.S. Securities
Tuesday, 13 August 2024 08:13 AM
https://www.accesswire.com/899983/blackstar-secures-a-family-of-patents-to-pave-the-way-for-blockchain-trading-of-us-securities

BlackStar's trading, funding, and corporate governance technology claimed in these patents covers what BlackStar believes are the essential three elements when applied to the traditional broker-dealer business.

In its filings with the SEC, BlackStar stated that if it could not secure a BD to participate in its digital blockchain platform, it would pursue an application to register as a BD. BlackStar has not yet made the decision as to whether to pursue a BD license.

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

Page 37
...If we are unable at any time to establish the necessary relationship, BDTP™ may never become functional. If we are unable to license BDTP™ to an ATS in this way, we may reevaluate whether we may apply for ATS status.

Significant elements of our intended products and services are based on unpatented trade secrets and know-how that are not publicly disclosed.