BlackStar Enterprise Group Inc (PK) (BEGI) News

New 8K out announcing the the corporate governance method patent. Look how long that name is. 😆 It must be very narrowly defined. On March 25th they filed an 8K announcing that they will get the patent for their method and now we get this. Maybe another infomercial coming to move more shares? They have a media contract that runs through May. I suspect that they will do another media contract because they will need to support the price while the new shares get sold.

Date of report (Date of earliest event reported): April 23, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000054/blackstar8kapr292024.htm
“System And Method For Preparing For A SEC Financial Statement Audit By Recording Corporate Governance Information On An Immutable Blockchain.”

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000028/blackstar8kmarch2024.htm

On March 22, 2024, the Company issued a press release entitled “BlackStar will Receive a Patent on its Corporate Governance Blockchain Platform: An Encrypted Infrastructure Designed to Enable a Financial Audit on a Blockchain.” A copy of the press release is attached hereto as Exhibit 99.



For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 57
Liquidity and Capital Resources
.... the Company issued, as partial consideration, 25,000,000 shares of its common stock (valued at $100,000) to a media consulting firm for investor relations services under a six-month agreement through May 2024.

No one cares if you have someone on ignore. Lease of all me. My posts are for those conducting their own due diligence on this. You all represent old money. What these toxic note holders need is new money and a lot of it.

Not at 10%

Can someone let burner know I put him on ignore? It's nothing personal,but he doesn't make the bashers cut...

I remember when we were .01 here….

At least we made it through high school 😂

Algos are complex...you guys?.. not so much...

There's a reason for that. When Bubae posts accurate, important information, you usually reply with something stupid. I enjoy replying to your idiotic comments.

What's even funnier,is you guys are predicable....You get vocal,and quiet in unison.

Why do you care what stocks people own? Nobody cares. Except you.

maybe you should read them

You're right. Facts are the facts and they're straight from the company's own filings. Impossible to refute.

You post old shiz...if asked what stocks your invested in,you don't answer...your here just for the fun of it...you don't get paid...everybody who owns this stock is a fool...etc..etc...

I post the facts friend. Straight from the company's own print. My post below which linked those conducting their own due diligence to my posts detailing the dilution on December 20th. Shortly before this started to sell off beginning on the December 22nd when the high for the day was $0.0087 and closed at $0.0071. By January 4th it closed at $0.0019 and they have been filling the tight range through the 2s ever since. There have been 495,744,512 new shares added to the outstanding share count since the beginning of 2024. Of those 195,620,499 shares were issued at a price of only $0.00006 per share according to the annual which doesn't make sense given the lawsuit updates. Any you all who have been pumping this believe that you are on the right side of this argument?



Bubae
Re: None
Wednesday, December 20, 2023 8:47:32 AM
Post# 7637 of 13358
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173466285
New buyers beware of dilution and misinformation.

Actual due diligence regarding two main points direct from the filings and press releases.
1. posts detailing the dilution that has been queued up for this period of promotion.
2. posts that reveal the misinformation around the The Blackstar Digital Trading Platform ("BDTP") that is defined by the system and method patent.


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

Page F-19
NOTE 12 – SUBSEQUENT EVENTS
In 2024, GS Capital filed notices of conversion and were issued, in three tranches, 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share on their note of October 11, 2021. (See Notes 7 and 11)

You do understand I grew up,with the pioneers of you?... you can snow,huggy,brew,crow,dino,Kool ade me til your blue in the face,but the facts are the facts....

Not compensated by anyone in any way. Fools in this market believe that these trash tickers are sold short. This was an obvious short sale candidate when it was trading above a penny and I said so at the time. If it were easy it should have been sold short down to where it is quickly then let the dilution that was in place do its magic. What has happened to this point was obvious for those who read the filings.

So don't debate the content which are the words of the company. Whine about the person posting real due diligence. Don't blame the CEO who entered into notes with such nasty terms, the person who who is paying for media promotion with even more shares to maximize the return for theses lenders who already are banking obscene profits from those notes. Those profits are trading losses by someone. Don't blame a CEO who stumbled into a very costly lawsuit over a principle balance of only $33,682. You want to blame me for the dilution and the massive losses being banked here. I blame those of you who have been trying to pump your flips since a penny for the trading losses going directly into the accounts of these predatory lenders that you all complain about.




For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 57
Liquidity and Capital Resources
.... the Company issued, as partial consideration, 25,000,000 shares of its common stock (valued at $100,000) to a media consulting firm for investor relations services under a six-month agreement through May 2024.

Some of my best otc gains were with 3+ billion share count. Your posts are skewed to your beholders interests...imo...that's ok... In the real world,your posts are insignificant to the outcome,whether positive or negative... you must be saying...duh...captain obvious..lol.. If you posting negative shiz 24/7 pays the bills?.. then cheers to you....

I don’t think so. What’s the post number and date?

Ever? I have argued that it would have a difficult time getting back into the 2s after months of infomercials and new share dumps. My post the morning of March 22nd linked below on an infomercial day generating 119 million in trading volume and the price closed at $0.0019 with only a few trades at 2. We have seen the share count increase by 495,744,512 shares for 2024 so far.

The last update was April 12th. Expecting another update and increase soon. Look at the number for the float dated October 31st 2023 of 1,606,723,782 shares. That is the number currently listed on the OTC site. That would suggest that very few share have actually been issued. The share count as of November 1st 2023 according to the quarterly filing for the period ended September 30, 2023 was 1,244,572,435. Plenty of dilution potential left on notes that matured two years ago.



For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
Page 1
As of November 1, 2023, there were 1,244,572,435 shares of the registrant’s common stock, $0.001 par value, issued and outstanding, not including shares reserved for conversion of notes.


Bubae
Re: None
Friday, March 22, 2024 10:02:20 AM
Post# 12266 of 13353
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174091136
Pump it Pump it!!! Same crap another day for the fools who will chase the social media promotion. 🙄 Worked in December after the dilution dump. Now some have likely loaded here and see the potential to drive it to $0.0019. Flip them if you have them.

My landscapers 4 new helpers are up $700 each.... They want to pay me back for starting them out... I said,not until your each up,at least,$10,000 dollars.

.00205...

Didn't you say this wouldn't go over .002???

Post cereal has nothing on you.

You have more links than LinkedIn...

The SEC is in the patent business now? The SEC regulates securities and the rules do not allow the use of Blackstar's trading platform. The SEC has been moving to address the toxic conversions since 2022. I talk about this in post# 13334 which explains why these lenders are likely observing the 180 day holding period and why this stock will see a lot of new shares coming into the market the second half of 2024.

Blackstar signed those agreements. Blame the toxic lenders for cashing in not the CEO who signed the agreements and the later actually contracted for MORE shares to pay for the media promotions to move those conversions for maximum effect. See any price appreciation after the three infomercials since the beginning of the year? Nope, what they got was the volume needed to move shares at a very healthy price relative to their conversions price. I have to commend this CEO for stuffing the pockets of those you complain about with retail trading losses. Can't make this stuff up. 😆
..that is exactly why the SEC gave our CEO all the patents in the 1st place.....that's why they sued for shares over cash, shares they can dump on the backs of retail retail again, it's a mafi* style system literally robbing tens of 1000's of investors for virtually decades out of tens to hundreds of billions.

For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 57
Liquidity and Capital Resources
.... the Company issued, as partial consideration, 25,000,000 shares of its common stock (valued at $100,000) to a media consulting firm for investor relations services under a six-month agreement through May 2024....Why leave Death Spiral Finance around to wreak havoc as the cost of high dollar A.I. gets cheaper where they start having capability like Forbes, and Buffet and Friends could when they 1st started using it in earnest 7 yrs ago...Bubae
Re: SorcererDiviner18 post# 13332
Saturday, April 27, 2024 5:34:47 PM
Post# 13334 of 13347
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174317005

The SEC has been working on Rule 144 holding period amendments for some time. These amendments were to be formalized April 2024 and are now scheduled for October 2024. This rule 144 holding period amendment will codify what the SEC has been enforcing since 2022 charging toxic lenders with failing to register as dealers. This is why I believe that the share dumps at the end of 2023 and through Q1 2024 were the result of shares converted in Q2 and Q3 2023. That nearly 500 million new shares for 2024 will begin to hammer this into a pulp starting the end of June after the 180 day holding period from what I see.

When you start quoting someone you might provide links to the information for context. If you conduct a simple search on the word "crook" for this board you will find that nowhere did I use the word. Another huge rant without an supporting evidence for what you post based on conjecture and personal distraction. Follow your comments and my supported answers....you immediately called the CEO a crook when he tried to pay off one the last notes to the Death Spiral Financiers in cash to settle the debt...As far as the payoff fiasco after the lawsuit was filed, the case documents at the Nevada Supreme Court flesh out what actually happened and why Blackstar has a loser case.
https://caseinfo.nvsupremecourt.us/public/caseView.do;jsessionid=DD86B554D3E6998D3A6E9EB41AA71067?csIID=68335

Document 24-03599

...Because of a dramatic increase in Blackstar’s stock price, the “conversion option” here became “in the money” and profitable. Naturally, GS Capital sought to exercise its conversion rights to receive shares of Blackstar stock—the benefit of its bargain. Blackstar refused. Then, after several weeks—during which GS Capital would have received about 257 million shares through conversions—Blackstar attempted to pay off the Note and thereby argue that, retroactively, GS Capital’s conversion rights are thereby extinguished. GS Capital argued this absurd result would be similar to a stock option seller unilaterally returning the option’s purchase price in an effort to rescind the option purchase because the option was now “in the money” and costly to the seller. The lower court correctly agreed with GS Capital and required Blackstar to reserve the contractually-mandated shares.

Second, Blackstar shockingly omits that it contractually agreed that GS Capital is entitled to injunctive relief and specific performance in the event of a breach, on which the Order correctly relied. Blackstar also omits that the Note, as amended— 123678829.13 under which GS Capital sued—provided for exclusive Nevada jurisdiction. ...After multiple times asking you why you support Death Spiral Financier's in your posts, you never, ever, ever, ever, ever, ever answer my questions,...I have been posting the dilution since this was trading at the 52 week high which was a day or two before I showed up on this board. What I have been posting certainly doesn't support the toxic financers of this stock. They need liquidity and pointing out that traders are being conned is not exactly promoting. You on the other hand...Refuse to accept the fact or discuss that BEGI actually has a very low float compared to all the rest of the OTC,
The low float scenario has already played out with the run to a penny on heavy social media promotion in November while the 698 million shares issued at an average price of only $0.00017 was being rolled out.
Bubae
Re: gshores post# 7706
Wednesday, December 20, 2023 4:27:59 PM
Post# 7731 of 13345
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173472167

Must remember that these people control a large percentage of the float right now and will be rolling those hundreds of millions of shares out over the next few months. That 698 million shares converted from Q1 through Q3 more than doubled the share count.or approx.155 million shares at a price of .00006 pps.,
For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
NOTE 12 – SUBSEQUENT EVENTS
In 2024, GS Capital filed notices of conversion and were issued, in three tranches, 195,620,499 shares of the Company’s common stock at a price of $0.00006 per share on their note of October 11, 2021. (See Notes 7 and 11)"Why are they suing for shares instead of cash if the company is worth nothing, as you say ?"
Truly a dumb question when they are receiving their shares at such a discount to market.
Greater fool theory
https://en.wikipedia.org/wiki/Greater_fool_theory...Your friends overall as an industry have been taking 10's of billions from investors for decades...,
First I am compensated by anyone in any fashion. Place blame where it has been earned. It wasn't I who entered into such toxic note agreements and it wasn't I who is personally promoting in the infomercials to maximize the return for these lenders.

For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 57
Liquidity and Capital Resources
.... the Company issued, as partial consideration, 25,000,000 shares of its common stock (valued at $100,000) to a media consulting firm for investor relations services under a six-month agreement through May 2024.

Liked "144 changes"

Liked "WITH"

my brother... cheers from Tucson,AZ.

you have had the same response...it's like....changes the subject, bash the CEO, bash the patents, bash the longs. Now its the SEC is going to get all the credit, totally leave BEGI out of the conversation. But this is the 1st time in history there has ever been a threat to toxic lenders...he should be elated. He won't acknowledge in any past conversations I've had with him anything of the sorts, he can only quip up just how worthless he thinks the patents are...that is exactly why the SEC gave our CEO all the patents in the 1st place. It will have the ability to choke Death Spiral Finance to death....that's why they sued for shares over cash, shares they can dump on the backs of retail retail again, it's a mafi* style system literally robbing tens of 1000's of investors for virtually decades out of tens to hundreds of billions. They don't give a care about the company or investors. It's been going on for decades. It's going to be even more dangerous as these people get more A.I. integration. The SEC very well knows this. I could even see the Government even giving a massive grant to help it get developed. BEGI should address the Govt. on that very premise, its a very logical avenue to leave in place for a future funding development grant. Why leave Death Spiral Finance around to wreak havoc as the cost of high dollar A.I. gets cheaper where they start having capability like Forbes, and Buffet and Friends could when they 1st started using it in earnest 7 yrs ago.

...I've done the same...took a couple weeks off, shorten my time.

...that's exactly what non-stop innuendos of all types look and sound like....just the not so subtle banging of an all-bash war drum.

Everything you mention should be developed as the CEO makes a deal with larger investors to develop the trading system and subscriber base....The patents are truly here, so we are going into the next stage as of now. This is an investment, and great patents. They are good enough to take care of themselves with little a bit of TLC...not to mention, the float isn't very big.

I understand, there is a strange force attacking this company for some reason, the tactics change, but same overall bashing goals seems the same.....I still come by a day or 2 a week to respond a little bit to what I view as mayhem :)

BEGI: Patents here will give the ability to allow for direct investment, bypassing predatory lenders. Subscribers will be here sooner or later...and why not?

That's too bad you feel your posts are only truthful. Your motives betray you, when as you have said (A): "I have never bought any of these shares", (B): After multiple times asking you why you support Death Spiral Financier's in your posts, you never, ever, ever, ever, ever, ever answer my questions, but directly afterwards instead, attack the CEO with defamation of character, which he could sue you for. And attack all the long investors., (C): Refuse to accept the fact or discuss that BEGI actually has a very low float compared to all the rest of the OTC, and that even a float of 2 bill shares (which BEGI does not have) can easily surpass a penny and even hit silver as has been proven.,(D) After you bash and say at least 200 x's or more that the company is worth nothing, you immediately called the CEO a crook when he tried to pay off one the last notes to the Death Spiral Financiers in cash to settle the debt, which the lenders chose to reject in favor of suing in court and forcing the company to give them shares for the same amount they rejected, and the settlement which was based at 1/40th of the current stock pps. or approx.155 million shares at a price of .00006 pps.,(E) You always refuse to answer my question: "Why are they suing for shares instead of cash if the company is worth nothing, as you say ?",(F) You also refuse ever to answer my questions if you are working for the Death Spiral Finance company involved with BEGI, and if you receive any type of compensation from any source for the 1000's of post you make in spite of never ever having been a stockholder.,(G): You attack and demean the validity of other large investors now that the CEO is talking to them about advancing the trading platform to subscriber level and future revenue stream.,(F) You refuse to discuss the fact that if the shares can't be pushed into trips, it won't be as vulnerable to Death Spiral Financing, and the company and shareholders will no longer be hostage to them at 97% / 3% cash flow ratio in their favor. And in the future will be unable to exploit the company's years and taking the hard work of CEO creating the patents, or to dump on shareholders with free shares based at 2 1/2% or less the current pps of stock.,(G): You refuse to discuss: the idea I perceive of as Bank Robbery, that these friends of yours who you give support to and recently received shares at .00006. received 10 mill shares for every 600 bucks they loaned the company, which in turn they sell for $100,000.00 at just .01pps, almost a 20,000% profit, so truly it does look like bank robbery. Your friends overall as an industry have been taking 10's of billions from investors for decades.,(H) You refuse to discuss that this the 1st time in history the Death Spiral Lenders are danger of losing their monster trojan ponzi.,(I) You refuse to admit: "LONG live BEGI !"

There's a ton of quality DD.

Seems that I am the one who posts facts WITH links which makes my posts unassailable which is the reason you all focus on petty personal distractions. It takes a bit of work to dig up factual due diligence. I could give a rip what the DTC is doing and since you didn't provide any information for that either who cares. Recent SEC actions and pending rule 144 changes are what has put an end to immediate toxic share dumps.

The SEC has been working on Rule 144 holding period amendments for some time. These amendments were to be formalized April 2024 and are now scheduled for October 2024. This rule 144 holding period amendment will codify what the SEC has been enforcing since 2022 charging toxic lenders with failing to register as dealers. This is why I believe that the share dumps at the end of 2023 and through Q1 2024 were the result of shares converted in Q2 and Q3 2023. That nearly 500 million new shares for 2024 will begin to hammer this into a pulp starting the end of June after the 180 day holding period from what I see.


SEC Publishes Fall 2023 Regulatory Agenda
Posted on December 7, 2023
https://www.knowntrends.com/2023/12/sec-publishes-fall-2023-regulatory-agenda/

Selected Proposed Rules. In this Regulatory Agenda, the SEC has moved the target date for proposing rules for Corporate Board Diversity and the Rule 144 Holding Period, from April 2024 to October 2024,...


Stock Issuers & SEC Taking the Fight to ‘Toxic’ Lenders
Agency bringing actions against convertible noteholders for failing to register as dealers
by Howard Mulligan August 15, 2023 in Financial Services
https://www.corporatecomplianceinsights.com/sec-toxic-lenders/#:~:text=Since%20early%202020%2C%20the%20SEC,required%20by%20the%20Securities%20and

Since early 2020, the SEC has been investigating purchasers of convertible notes of issuers trading on OTC Markets Group and has initiated several enforcement actions against these noteholders for violations of federal securities laws, particularly failure to register as a “dealer,” as is required by the Securities and Exchange Act of 1934, as amended.

Still no replies to my other posts.

This will be my last post here.

No quality DD and waste of time.

You must have missed the news recently from the DTC.

Barely read the rest of this post as its jargon conjecture.

Pump and dump schemes have everything to do with the rules governing securities and the terms of the notes. They have nothing to do with Blackstar's product. Blackstar claims to be able to prevent short sales which has nothing to do with toxic dumps.

Their proposed trading platform operates in a distinct and separate market with liquidity issues. As an OTC trader, not long term investor, I would have nothing to do with type of trading. Short selling in the OTC is largely a myth that is perpetrated by those confused by the toxic note conversions. 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

Page 19
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.

The S-1 prospectus was last updated in June 2023 with the notice of effect in July. The patent received its notice of allowance in October. The patent is based on information prior to this activity. What you see in the prospectus is the current state. The method for the trading platform was written on Amazons product which is why it is largely unpatentable. It is like writing a macro based application using Microsoft's EXCEL for some data tracking spreadsheet. They have done the same with Amazons blockchain ledger application. I don't believe there is much risk of someone trying to do what Blackstar proposes since the SEC isn't allowing it to operate. The CEO himself revealed in the first infomercial that securities are already being traded on a blockchain in the form of tokens. That is the future. Link to the video and the CEO's comment at about 9:30 into the segment.


Bubae
Member Level
Re: Joe DiMaggio post# 12658
Monday, April 01, 2024 10:43:53 AM
Post# 12668 of 13329
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174150905
Want to talk about tokenized securities? The CEO talked about securities that are ...currently are traded LEGALLY in the form of tokens securitized by common stock which is thrown into a blockchain. Link to that infomercial below where the CEO makes the statement starting at about 9:30 into the segment.

Significant elements of our intended products and services are based on unpatented trade secrets and know-how..." further the applications that they have developed depends on Amazons AWS technology.

--

You are highlighting in red the word "unpatented" but you are pulling from comments in 2023. We are in 2024. Those unpatented aspects are now patented, which is what we have been discussing for most of '24....

Do you know what year it is? I honestly cannot tell whether you are trolling or just simply insanely confused.

BEGI can effectively clean up the OTC of pump and dump schemes. For someone who is seemingly so obsessed with this company and that behavior, you should be at the front of the line in trying to move the front forward.

Either way, this back and forth is entirely meaningless in the grand scheme.

You have claimed you are here for entertainment purposes, so I suppose I should not expect too serious of a discussion.

I am looking forward to your next post that is a misdirection and an attack on the CEO....

3...2...1...

Your "penciling in" comments make no sense, so I am not even sure where to start with that comment.

The components are entirely distinct from the trading of shares on a blockchain. Once you understand this, then a lot of your other misunderstandings will be cleared up.

"At this point it looks like the issue is more than not being able to obtain a relationship with a ATS or Broker /Dealer, rather it appears to be a regulatory issue. We can not know for sure because the CEO doesn't address this issue directly in any of the infomercials or even in the filings. Simply states what is linked below."

--

They are not mutually exclusive, obviously...

I imagine the ATS would ask immediately, "Is this cleared/ approved by SEC Trading division?"

I agree with some of this post, as I would like more specifics in regards to what these discussions with ATS entail as well as any feedback from SEC on what the process of approval is.

In any case, the first stage (and what makes the most logical sense), would be to get the Corporate Governance, Auditing, and Funding components of the platform into the hands of companies. It reduces risk on many levels for both the ATS and BEGI in terms of compliance and regulations. Keeps bad actors away.

In addition, I am more-so interested in getting the parts of the platform that do not need approval to the market, in order to get some revenue and out of the toxic note financing. Corporate Governance, Auditing, Funding are three revenue streams that are distinct from the Trading aspect of BDTP.

If you have the first three: It should make the last (trading) much more seamless. If I were the SEC, I would require they have the first three integrated before trading - so that the SEC has full access to not only the trades but their corporate structure and financing.

From this post, you are beginning to see why the SEC should want to move forward with a platform/service such as this. It's all about increasing their power/reach.

It isn't simply some sort of "...needs some sort of "approval" or "go-ahead". "The BDTP™ has not been approved by any regulatory agency or broker dealer and is not currently operational." At this point it looks like the issue is more than not being able to obtain a relationship with a ATS or Broker /Dealer, rather it appears to be a regulatory issue. We can not know for sure because the CEO doesn't address this issue directly in any of the infomercials or even in the filings. Simply states what is linked below.

As for the other ideas penciled into the same template, the system and method patents appear to be pretty weak even if someone was interested in doing the same thing. After all that is all a patent provides, the right to defend their method or system. While the trading platform idea has been promoted for years it didn't take them long to roll something else out once the basic template for the system and method was established and accepted by the patent office. According to Blackstar "...Significant elements of our intended products and services are based on unpatented trade secrets and know-how..." further the applications that they have developed depends on Amazons AWS technology. Corporate Governance, Auditing, Funding requires no approval. Only digital trading that requires an ATS needs some sort of "approval" or "go-ahead".


For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
Page 3
DESCRIPTION OF BUSINESS
We are based in Boulder, Colorado and are engaged in Merchant Banking and Finance in the United States....

...The completion of our software platform depends on our ability to license it to an existing Alternative Trading System (“ATS”) or for us to possibly register as an ATS, which we do not intend to do at this time as we would prefer to license our platform to an existing ATS. The platform is not currently operational or in use by anyone. We have recognized net losses of $1,046,983 in the year ended December 31, 2023. We have relied solely on sales of our securities, convertible note financing, and private loans to fund our operations.

Page 5
HISTORY
Definitions
BlackStar Digital Trading Platform (“BDTP™”): a digital Electronic Fungible Shares trading platform enabling the trading of BlackStar common shares in electronic fungible form. (The BDTP™ has not been approved by any regulatory agency or broker dealer and is not currently operational.)


AMENDMENT NO. 10 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000063/blackstar_s1a10.htm

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.

Debt is good for businesses. Smart people buy it up!

We will break 0.0022 next week!!

We all now that your two cents has been consistently wrong since this was trading above a penny. How about a few facts with links. GS Capital has the contract and appears to hold all the cards in this lawsuit. The pressure to settle is all on Blackstar and the consequences are so egregious that Blackstar is compelled to spend a ton of cash that they do not have to defend. It appears that they are wholly relying on the sympathy of the courts to me.

When you read the back and forth in the documents on the Nevada Supreme Court site you can see that Blackstar is way out of their depth in trying to defend their actions. The bottom line is in the Nevada Supreme Courts ruling denying the stay, "When a contract is clear on its face, it will be construed from the written language and enforced as written." That is a pretty powerful statement. Blackstar signed a terrible agreement for which they must now pay the consequences. This is what happens when there are adults are in the room. ...possibly GS Capitol is quietly buying up as many shares as they can afford to offer Blackstar a settlement deal before a judgement in court is rendered........just my 2 cents on it.
https://caseinfo.nvsupremecourt.us/public/caseView.do;jsessionid=DD86B554D3E6998D3A6E9EB41AA71067?csIID=68335

Document 24-05565
("When a contract is clear on its
face, it will be construed from the written language and enforced as
written." (internal quote marks omitted)); and appellant has not
demonstrated a likelihood of success on the merits sufficient to tip the
balance of the NRAP 8(c) factors in favor of a stay. Accordingly, we deny
appellant's motions.


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

Page56
Results of Operations

Legal and professional fees of $326,527 for the year ended December 31, 2023 increased by $199,135 from $127,392 for the year ended December 31, 2022. During 2023 the Company incurred legal fees for litigation and settlement of issues with convertible debt holders which were not incurred in prior years, in addition to recurring costs for SEC regulatory and statutory filings matters. Fees for 2022 were predominately for SEC regulatory and statutory filings, fees for annual audit and quarterly reviews and filings for a Registration Statement on Form S-1 to register underlying common shares for issuance to investors.