burner67
1 week ago
I emailed Bryan Hemphill at Blackstar last week about the 4th quarter 10-Q status. Here's his response:
Per Mr. Kurczodyna, the company hopes to become current soon. However, the SEC has required BlackStar to refile 2023 since they changed auditors. Yes, they are still operational. Stay tuned, and I hope all is well with you.
Best,
Bryan
mretgnol
2 weeks ago
Really?
What money did Todd Lahr have in 2017 to "acquire" this shell?
He brought no investment capital, no intellectual property, no history of running a publicly traded company.
That's why the SEC had questions about finance and claims of operations.
https://www.sec.gov/Archives/edgar/data/1483646/000000000017002802/filename1.pdf
As far back as 2010, this shell was swapping shares and doing Reg D sales.
https://www.sec.gov/Archives/edgar/data/1483646/000106594910000005/xslFormDX01/primary_doc.xml
Swapping shares, filing a Form 10, pumping bogus ideas of being a merchant bank and a venture capital fund, and continuously using discount lenders to pay yourselves bogus "consulting fees".
Bubae
4 weeks ago
What a difference a year makes. This time last year CEO Joe was promoting with the many podcasts to move the shares at the time. People though his trading platform idea was about to take off. Still no annual filing to show what we already know. The legal fees alone over what what originally a principal balance of $33,682. Talk about one of the absolute dumbest decisions to take on GS capital over such a small debt. 🙄 The accrued legal fees would be well over $1 million now. Whos is going to pay that? 🤭 CEO Joe may well be out of business now. I have seen no evidence that they have been able to convert legal fees using the Section 3(a)(10) exemption from registration, but maybe they have. This is trash and always has been.
Bubae
Re: SorcererDiviner18 post# 15012
Sunday, December 22, 2024 9:41:45 PM
Post# 15017 of 15091
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175568459
What matters is that the ridiculous consequences of such huge accrued legal expenses over what was originally such a relatively small sum owed speaks to the incompetency of the management of this company. Now they are trying to unload the costs of litigation onto traders of Blackstar stock with the new dilution using the Section 3(a)(10) exemption from registration for more than $860K of what will be more than $1 million in new dilution converted at a steep discount to market. Blackstar last borrowed a total of $50K from two individuals in July. The cash balance of as of September 30th was $2,179. I see no new borrowing up to the release of the Q3 filing. People need to start buying those new shares in earnest or CEO Joes attorneys may take a hike. 😆
Short Squeeze
1 month ago
Valuing patents—especially tech-focused ones like BlackStar Enterprise Group’s blockchain-based trading systems—can be complex and speculative without access to specific financials, licensing deals, or commercial traction. But I can give you a general framework and ballpark estimate based on key factors:
?
1. Key Value Drivers
• Patent Breadth & Strength: Their patents are in a hot area (blockchain + securities trading), which adds strategic value. They’ve secured multiple patents forming a “family,” which strengthens their IP position.
• Market Potential: If these patents are adopted (or licensed) by broker-dealers, exchanges, or financial platforms, the revenue potential is significant. The U.S. securities market alone handles $100+ trillion in trades annually.
• Enforceability & Uniqueness: If the tech is hard to design around and truly innovative, it could create a strong licensing or defensive moat.
• Commercial Use or Licensing Deals: If BlackStar is already licensing or partnering these patents, their value increases significantly.
Short Squeeze
1 month ago
Okay big talkers. Here you go
BlackStar Enterprise Group, Inc. has developed a portfolio of patents focused on integrating blockchain technology into securities trading and corporate governance. Below is a summary of their patents: ?
1. System and Method for Matching Orders and Immutable Blockchain Ledger for All Customer Trading Activity with Settlement into the Broker Dealer Ecosystem
• Patent Number: 11,854,080 ?
• Issue Date: December 26, 2023 ?
• Summary: This patent covers a system that enables the trading of regulated equities on an immutable blockchain while integrating with the existing brokerage ecosystem. It allows customers to place orders, bids, or offers, which are then recorded and used to facilitate transactions between buyers and sellers. ?
2. System and Method for Preparing for a SEC Financial Statement Audit by Recording Corporate Governance Information on an Immutable Blockchain
• Patent Number: 11,966,974
• Issue Date: April 23, 2024 ?
• Summary: This patent pertains to recording corporate governance information on a blockchain to assist public and private companies in organizing and preparing for financial audits. The immutable nature of the blockchain ensures the integrity and transparency of the recorded information. ?
3. System and Method for Facilitating a Public Offering on an Immutable Blockchain Provided to Eligible Qualified Investors Based Upon Priority of Interest
• Patent Number: 12,086,880
• Issue Date: September 10, 2024
• Summary: This patent describes systems and methods for facilitating public offerings on a blockchain. It allows for hosting indications of interest for potential offerings and establishes a prioritized list of eligible investors based on the recorded time and date of their interest, ensuring a fair distribution of securities. ?
4. Systems and Methods for Using a Digital Trading Platform to Trade Securities on a Blockchain
• Patent Number: 12,079,872 ?
• Issue Date: September 3, 2024 ?
• Summary: This patent covers a system and method for trading securities on a blockchain. Users can place orders, bids, or offers, which are encrypted and entered into the digital trading platform to facilitate spot market transactions between buyers and sellers. ?
5. Systems and Methods for the Trading of Registered Equities on an Immutable Blockchain with Settlement into the Broker Dealer Ecosystem
• Patent Number: 12,131,383
• Issue Date: October 29, 2024 ?
• Summary: This patent discloses a system and method for trading registered equities with the Securities and Exchange Commission on an immutable blockchain, integrating with the existing brokerage ecosystem. Customers can place orders, bids, or offers, which are recorded and used to facilitate transactions between buyers and sellers. ?
6. Systems and Methods for the Regulated Trading of Registered Equities with the Securities and Exchange Commission on an Immutable Blockchain with Settlement into the Broker Dealer Ecosystem
• Patent Number: 12,112,380
• Issue Date: October 8, 2024
• Summary: This patent describes a system and method for the regulated trading of registered equities with the SEC on an immutable blockchain, integrating with the existing brokerage ecosystem. Customers can place orders, bids, or offers, which are recorded and used to facilitate transactions between buyers and sellers. ?
These patents reflect BlackStar’s commitment to leveraging blockchain technology to enhance the transparency, efficiency, and security of securities trading and corporate governance processes. ?