BlackStar Enterprise Group Inc (PK) (BEGI) Quote

How about using infringers? This stock goes nowhere until a court validates the patents.

That sell off to this level might have given Continuation Capital a nice base from which to convert those shares but with little volume it won't happen any time soon. Have to wonder what their time horizon is for this agreement. More than $860K at the steep discount to market on a rolling basis per tranche is a SHITE load of paper to move. Even CEO Joes infomercials earlier in the year couldn't motivate that kind of liquidity. They need a heavy split and a better story in my opinion. CEO Joe's ongoing narrative trying to ride the coat tails of what is happening with ETFs and tokenized assets on a blockchain isn't working. Companies like Blackrock and the DTCC have boarded the crypto assets on a blockchain train that has left the station. 😆

Bubae
Re: burner67 post# 14772
Sunday, November 10, 2024 9:30:28 PM
Post# 14773 of 14919
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175362317
I di not know what Blackrock was doing with their new system. I pointed out before the statement that CEO Joe made in his last press release. It should be read as two parts both of which are true yet one has nothing to do with the other. This was his attempt to associate the recent SEC decisions regarding crypto assets and ETFs with Blackstar's method for trading the tradition book entry shares on a blockchain. Blackstars method patent has nothing to do with tokens. I found the article below that explains what the industry is doing with regard to trading securities on a blockchain through ETFs. Blackstar could get SEC approval tomorrow with a glowing endorsement and it wouldn't matter. The DTCC is developing a settlement system around tokenization leading the rest of the industry.

Wrong destination. Oh well, someone might find it funny.

A suggestion: Maybe the CEO of Blackstar should change up his promotional strategies. Instead of just talking about the platform and tools that are becoming ever more mysterious as the company drowns under the dark dilution waters, he should pay a production company to demo the platform and the public and private tools in a mock demo environment. Or, he can just have a screen recording of himself doing it --- to show that the platform is at least functional and not just a paper patent. Save the shareholders some money. That would probably do more to help raise capital then jumping on obscure, outdated podcasts and NTS interviews that nobody even watches to begin with, paid for by the public shareholders of the company.

The current dilution does not matter to this CEO though, as he only owns what appears to be 0.52% of the common outstanding shares? (much less probably since the dilution to pay for a lawsuit where he failed to honor a $33k note in time?). To add to that, he seems to have been issued some nicely priced shares at .0004? All the while the company has yet to come to market with any private or public tools that were promoted in the NTS interviews (coming up on a year). Maybe someone can confirm this, as I am tired of sifting through the filings amongst the NT10Q's. Who really knows, right.

He owns the class A shares, so all of this is water under the bridge for him if someone takes a big interest. If not, no skin off his back as he was paid handsomely it seems through consulting fees and issued shares. He took no hit, just losing a lot of time. Shareholders took the hit for him.

Where is the 10Q. This is now ridiculous, in light of all the volume and questions about 8k being filed after shares by CC already having been sold.

Looks like the engineers who designed the platform have some great qualifications. It is becoming apparent that this is just being mismanaged into the ground by a career finance guy. That generation had quite the fun run, but now the past is the past and they have to operate in a new world where darts at walls to make money is all but a figment of past imagination.

The benefit of the doubt is no longer applicable, imo. Any good will has been spent, in spades.

For those who may believe buying 7s and 8s here is an opportunity to flip this trash. The summary of the settlement agreement states that the conversions will be done "...at a reduction of forty-two and a half percent (42.5%) off the lowest closing sale price for twenty (20) trading days as disclosed in the Settlement Agreement..." Looking at the Settlement Agreement, Exhibit 10.1 linked below, we find that the conversions are to be done at "..market priceduring the valuation period..." Market Price is defined as lowest "Sale Price".

This of course can make a difference in the number of shares delivered for conversions. We know for the last 8K that they issued the 60.2 million shares for expenses and fees and likely got those sold before CEO dropped the last 8K sending the price down 50%. It is likely the used the December 3rd sell off to set the base price for the first tranche of shares to be issued. We have the initial sell down at the open on the 3rd then a huge dump around 9:35 of more than 13 million shares taking the price down to $0.0006. Given the language in Exhibit 10.1 this would set a base for conversions at $0.000345. This price will be good for 20 days from that date. They will need huge volume to move more than $860K priced at the discount described so don't expect them to allow much profit taking from players of this stock. I believe that they will soak up whatever liquidity they can and are well positioned with the pricing language to do it. caveat emptor.

Form 8K filed November 5th 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000119/blackstar8k1152024.htm
Page 1
The Settlement Agreement allows Continuation Capital to purchase debt that we owe to our creditors through direct purchase of the debts from our creditors and convert such debt into shares of our common stock at a reduction of forty-two and a half percent (42.5%) off the lowest closing sale price for twenty (20) trading days as disclosed in the Settlement Agreement prior to the date of conversion for each tranche of debt purchased.

The foregoing is a summary of the terms of the Settlement Agreement and are qualified in their entirety by the Settlement Agreement that is attached hereto and incorporated herein as Exhibit 10.1. The Order Granting Approval of the Settlement Agreement is attached as Exhibit 10.2.

Exhibit 10.1
SETTLEMENT AGREEMENT AND STIPULATION
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000119/blackstar8k1152024.htm

Page 2
1. Defined Terms. As used in this Agreement, the following terms shall have the following meanings specified or indicated (such meanings to be equally
applicable to both the singular and plural forms of the terms defined):
...
“SALE PRICE” shall mean the Sale Price of the Common Stock on the Principal Market.
"MARKET PRICE" on any given date shall mean the lowest Sale Price during the Valuation Period.
....
"PURCHASE PRICE" shall mean the Market Price during the Valuation Period (or such other date on which the Purchase Price is calculated in accordance with the terms and conditions of this Agreement) less the product of the Discount and the Market Price.
...
Page 4
a. In settlement of the Claims, Company shall initially issue and deliver to CCI, in one or more tranches as necessary subject to paragraph 3(e) and (f) herein, shares of Common Stock (the “Initial Issuance”), subject to adjustment and ownership limitations as set forth below, sufficient to satisfy the compromised amount at a forty two and one half percent (42.5%) discount to market (the total amount of the claims divided by the purchase price) based on the market price during the valuation period as defined herein through the issuance of freely trading securities issued pursuant to Section 3(a)(10) of the Securities Act (the Settlement.

And what is going on in the mind of the lender (dealer?) GS Capital LLC? Watching BEGI get into another toxicity bed as they watch from afar.

They filed a petty lawsuit over a $33k note, all the while already having made unconscionable levels of gains on convertibles and interest. Now, in response, BEGI has to light their share structure on fire, destroying value in defense of this lawsuit, which should surely draw back regulatory curtains for a peek behind the scenes of what is going on in the world of toxic lending in Nevada.

No assertions on my end, just going by the federal assertions of the opening brief prepared by lawyers.

Shame people are catching colds and not able to file answering briefs on time for a slam dunk of a contract law case.

Hopefully BEGI can fight longer and not bend over.

Answering brief should provide answers, not obfuscation and absconding through potential settlement.

But if no settlement... BEGI fights to the end and destroys itself in the process if they don't 'win'? What then of the shares, the lawyer fees, etc, etc for GS capital, LLC. Bankruptcy? Better hope those patents are worth something. And what of the remaining shareholders of BEGI. Hungry, too, although I guess there are barely any left.

🤡 Clown show, all around 😂

Dec. 20 cant come soon enough!

True.

But hopefully the debt clearing will allow BEGI to one day raise some money for patent valuation which is costly.

A lot of volume lately... we can only guess it is coming from CC unloading freely issued shares at a nice discount.

It seems they are not an 'investor', provided they are going to just turn around and dump shares on retail (if this is them dumping). Bears may have the right to claw at this. Blackstar secures another form of a toxic lender, not institutional investor... so it seems.

10Q...Answering Brief Dec. 20... no transparency as of yet. But at least CC is transparently not a registered dealer. GS Cap LLC still in question.

Shareholders get pointy end of the stick for now. Hopefully BEGI patents are worth something to rectify all of this disregard.

Shame.

I not sure CC cares much about the valuation of the patents. They got really cheap shares that they can turn into a profit.

I'm curious as to why you believe Continuation Capital has any interest in the valuation of the patents. They are simply buying tranches of the accumulated accounts payables at a steep discount to market and dumping them on the traders of this stock. They are even getting extra shares per transaction to the tune of 60.2 million shares for fees and expenses. They are investing zero capital and assuming very little risk. The patents have attracted zero investment to date which speaks to their value in my opinion. Where is the quarterly filing? We know they are doing zero business with zero revenue so what are they hiding?

...I’m curious to find out the valuation of their patents that Continuation Capital will do.


Bubae
Re: None
Thursday, November 28, 2024 7:26:55 PM
Post# 14893 of 14912
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175453765&txt2find=expenses
At least CEO Joe filed an 8K for the massive dilution to come. I understand from my reading that he didn't have to but maybe he is covering his hind end. According to the paper linked below "silence to the market about the deal is key to a 3(a)(10) financier" If the cat is out of the bag on this one I guess the buying may dry up despite renewed efforts by the CEO with his infomercials making the dilutive effect of the steep discounts with each tranche even worse.

Same. I only spend "play" money with these stocks. I basically consider the money spent. If it turns a profit someday, great. If not, oh well. It was fun while it lasted. I'm hear until it's belly up, or I can retire. Currently retirement not looking so good! Lol

Tough day, no doubt. I’m going to continue to be patient. Let’s see what the outcome of the Nevada court case will be, the court filing says they are working on a settlement with GS Capital, which is good. But more importantly, I’m curious to find out the valuation of their patents that Continuation Capital will do.

Get out now and don't turn back. This thing is headed for BK.

The rest of the story. 😆



4 Trillion Reasons BlackRock Changed Its Mind On Digital Assets
https://www.forbes.com/sites/digital-assets/2024/09/17/4-trillion-reasons-blackrock-changed-its-mind-on-digital-assets/

The financial opportunity for tokenization is out of this world; earlier this year, a report from McKinsey predicted the tokenized real world asset (RWA) sector will reach nearly $4 trillion by the end of the decade.

That’s a lot of good reasons to bet on the future of finance being tokenized, yet it only goes part of the way to explain BlackRock’s (along with many other major institutions, from Deutsche to JP Morgan) fervent adoption of digital and tokenized assets. The truth is, tokenization changes everything.

That said, the direction of travel is becoming ever more clear, especially with the emergence of new frameworks like the European Union’s Markets in Crypto-Assets Regulation (MiCA). These provide both much-needed clarity and guidance for those pioneering the tokenized future, as well as a model for still-skeptical regulators like the SEC.


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

Page 6
References throughout this registration statement to “digital shares” and similar terms refers to the typical way securities are held and traded and is the same as DTCC eligible book entry securities. We are not attempting to “tokenize” securities,

Page 17
It will remain in the testing phase until we license the BDTP™ platform to a broker-dealer, clearing firm, and/or ATS. The BDTP™ platform is not designed to support transactions in any tokens, faux currencies, coins, crypto or any crypto related assets...

Page 18
Our BlackStar Electronic Fungible Shares (BEFS) are proposed to be the initially traded securities on the blockchain on the BDTP™ platform...

The BEFS are not “tokens” or “crypto tokens”. A “token” is generally understood to be a unit of value that blockchain-based organizations or projects develop on top of existing blockchain networks....

Page 19
We are not seeking to create “tokens,” but rather to have a system which allows the trading of well recognized corporate shares established under state law.

The BDTP™ platform is not currently operational for any securities and any such securities must first be registered with the SEC under the Securities Act or have an available exemption from registration...
Page 20

Are the BEFS crypto assets or tokens?
The proposed BDTP™ is designed to trade existing shares of common stock (in an electronic form) and NOT crypto assets, cryptocurrency, or tokens. We are not attempting to “tokenize” securities,...

Page 38
The Company does not operate in the crypto asset markets, does not have crypto asset holdings, and is not proposing to participate in the crypto asset industry, including crypto securities, crypto currencies, and tokens. The use of a blockchain in our proposed platform often gets conflated with crypto asset markets due to blockchain’s use in those industries as well.

I see this as bottomless dilution but I guess that depends on if you think Blackstar has a marketable product. I for one do not. Tokenization of all real world assets on a blockchain is attracting heavy investment and the financial markets biggest players. Blackstar is attracting no institutional investors and is struggling to con OTC traders into buying the debt. I see no reason for any broker / dealer to partner with Blackstar to use their platform if it ever becomes approved for use.

What Is Tokenization? Trading ETFs on a Blockchain
https://www.etf.com/sections/etf-basics/what-tokenization-trading-etfs-blockchain

Most recently, BlackRock, Inc., the world’s largest asset manager whose CEO Larry Fink once called cryptocurrency “an index of money laundering,” announced the creation of its BlackRock USD Institutional Liquidity Fund (BUIDL), which will "tokenize" physical assets, with those tokens recorded on the Ethereum blockchain.

BlackRock’s new product may foreshadow a larger shift in how major companies issue and trade ETFs. Because of its size—more than $10 trillion in assets under management—BlackRock’s carries enormous influence over the financial services industry. Its application for a spot bitcoin ETF last year served as a turning point for those products' approval.

Ethereum Is Making Big Moves. 3 Reasons I'm Buying It Hand Over Fist in June.
June 09, 2024
https://www.nasdaq.com/articles/ethereum-making-big-moves-3-reasons-im-buying-it-hand-over-fist-june

Another reason to be bullish on Ethereum is its potential for the tokenization of real-world assets (RWA). Tokenization involves converting physical and intangible assets into digital tokens on a blockchain, making them easier to transfer, trade, and manage. This can include anything from real estate and art to stocks and bonds.

In fact, we are already seeing the beginnings of this movement. For instance, in May, BlackRock (the world's largest asset manager) launched a tokenized fund on Ethereum, marking a significant step toward the convergence of blockchain technology and traditional financial instruments.

Highlighting the transformative potential of blockchain technology, BlackRock CEO Larry Fink recently stated that tokenization will be "the next generation for markets." And rest assured, Ethereum will be the blockchain of choice for this revolution.

One of the most compelling reasons to invest in Ethereum right now is the anticipated approval of a spot Ethereum ETF by the Securities and Exchange Commission (SEC).

Bubae
Re: None
Wednesday, November 06, 2024 7:19:32 PM
Post# 14698 of 14907
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175344480
The proposed BDTP™ is designed to trade existing shares of common stock (in an electronic form) and NOT crypto assets, cryptocurrency, or tokens. We are not attempting to “tokenize” securities,...

The Company does not operate in the crypto asset markets, does not have crypto asset holdings, and is not proposing to participate in the crypto asset industry, including crypto securities, crypto currencies, and tokens. The use of a blockchain in our proposed platform often gets conflated with crypto asset markets due to blockchain’s use in those industries as well.

Where is the bottom here?

Rip with more than $860K of dilution at a steep discount to market on the way. 😆 They now have a closing price of $0.0007 for a conversion base price of $0.0004 for the first tranche. Rip against that tide coupled with the hopeful flippers who picked up shares today. CEO Joe better have some pent up news for you all but you can bet they will be moving shares in volume.

Maybe dip and dip some more

Today, tomorrow news brewing here? Dip and rip here?

100%

What those loading up on 8s now don't understand is that the real dilution hasn't even started yet. The 60.2 million shares that have been issued is for fees and expenses and was likely issued right after the outstanding share count update of November 15th. Now they need a 20 day closing low price to set the first tranche of shares to be issued. You can bet that this filing was delayed until the initial tranche for fees and expenses was sold. That is where it gets tricky for the investor buying the payables. If it closes at 8 today can they make money selling a tranche of shares priced at $0.00046. CEO Joe will need to get back on the road with those infomercials and the bogus patent narrative. 😆 To add to the future headwinds are those who thought today was a good basis for a flip. 🤔

You mean the Marc that was a major shareholder and was supposed to keep Begi from the teens? That guy is one of the worst pumpers I have ever seen

No time, marc is busy buying up those 8s and 9s thinking he hit the lottery. 🤣 CEO Joe will be unloading more than $860K in what is mostly legal expenses in the accounts payable at a steep discount to market with each tranche issuing up to 4.99% of the OS. This dilution doesn't address the notes that are currently in default or and those that are past their maturity dates. No possible way will he be able to move more than $1 million in new paper without splitting and burning it down again in my opinion. Volume is what they need because they get price with the discount to market language. Even at $0.0001 they can make money on those shares priced at 42.5% discount to market.

So the SEC recently, last couple of years, has been going after lenders acting as unregistered dealers who dump toxic unregistered share conversions into the market. Yet this Section 3(a)(10)exemption from registration is allowed to do the same thing? Why would a company ever register a proper offering if all they have to do is run up debt in the form of payables, have creditors file a suit in court, Judge shop to find a Judge to sign off on it... then voila!, they have shares that are immediately tradable when issued to be dumped on OTC traders. Crazy shite. These shysters always find new ways to fleece traders of the OTC.



Blockchain Technology Company BlackStar Secures Institutional Investor for Debt Repayment, Seeks Valuation and Eyes Revenue Possibilities Through IP Licensing
Tuesday, 05 November 2024 09:45 AM
https://www.accesswire.com/939223/blockchain-technology-company-blackstar-secures-institutional-investor-for-debt-repayment-seeks-valuation-and-eyes-revenue-possibilities-through-ip-licensing
...from certain vendors of the Company, which consist of accounts payable due from the Company.

Form 8K November 5th 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000119/blackstar8k1152024.htm

On October 29, 2024, BlackStar Enterprise Group, Inc. ("BEGI", "BlackStar", or the "Company") entered into a proposed settlement for purchase of $861,539.26 of debt owed to BlackStar's creditors.

Capital to purchase debt that we owe to our creditors through direct purchase of the debts from our creditors and convert such debt into shares of our common stock at a reduction of forty-two and a half percent (42.5%) off the lowest closing sale price for twenty (20) trading days as disclosed in the Settlement Agreement prior to the date of conversion for each tranche of debt purchased. Upon closing, the Company will immediately issue 60,200,000 freely trading shares pursuant to Section 3(a)(10) of the Securities Act to CCI.

Bubae
Re: None
Thursday, August 22, 2024 9:01:46 AM
Post# 14263 of 14307
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174965606&txt2find=payables
Blackstar is still borrowing from the so called friends and associates in Q2 but not enough to cover that cash burn. The balance sheet on page page 3 of the Q2 filing reveals a $874,101 accounts payable as of June 30th versus $358,001 as of December 31st 2023. I went back to the Q3 2023 filing and found that the accounts payable number was only $167,000.

Hopefully you go this form ChatGPT because some of the assumptions are nothing but wishful thinking

Hopefully we'll get a visit from Savannah Marc today with some of his wisdom

DIE Lution

This stock is about to get crushed but you all were told so with the release of the November 5th 8K. New filing out to increase the authorized share count from 2 billion to 6 billion shares. In this filing we find that the outstanding share count has increased by 60,,200,000 as of November 26th which is a initial tranche of shares issued to Continuation Capital for fees. CEO Joe still hasn't filed the quarterly. There must be some more good news there, right? 😉


PRE 14-C December 3rd, 2024
https://www.otcmarkets.com/filing/html?id=18020202&guid=rVY-kFe7wowInhh

Proposal 1: To authorize an amendment to the Company’s Articles of Incorporation to increase the Company’s authorized capital to 6,010,000,000 shares comprising 6,000,000,000 shares of Common Stock par value $.001 per share and 10,000,000 shares of Preferred Stock par value $0.001 per share. (This action requires an amendment to the Certificate of Incorporation).

Due to the current number of issued and outstanding shares of common stock as of November 26, 2024 (1,854,894,873) compared to the authorized of 2,000,000,000 common shares, and with the need to provide shares of common stock upon conversion of several outstanding convertible promissory notes and debt conversions, the Company is poorly positioned under its current number of authorized shares and market share price.

VOTES FOR THE PROPOSAL
Joseph Kurczodyna, CEO and Director and a shareholder in our Company, beneficially owns approximately 0.49% of our common stock (not including the Class A Super Majority Voting Preferred stock conversion rights) and full voting control of 100% of our Class A Super Majority Voting Preferred stock




Bubae
Re: None
Thursday, November 28, 2024 7:26:55 PM
Post#14893 of 14896
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175453765&txt2find=fees%2Bexpenses
At least CEO Joe filed an 8K for the massive dilution to come. I understand from my reading that he didn't have to but maybe he is covering his hind end. According to the paper linked below "silence to the market about the deal is key to a 3(a)(10) financier" If the cat is out of the bag on this one I guess the buying may dry up despite renewed efforts by the CEO with his infomercials making the dilutive effect of the steep discounts with each tranche even worse.

The value of a patent depends on several factors, including its uniqueness, market potential, industry demand, and the legal strength of the patent itself. Here’s a breakdown of potential factors that could influence the value of the two types of patents you mentioned:

1. Stock Trading on Blockchain Patent

• Market Size: Blockchain-based stock trading platforms could revolutionize traditional markets by offering decentralized, transparent, and efficient trading.
• Demand: High interest from financial institutions, fintech startups, and exchanges.
• Technology Differentiation: If the patent introduces a novel method of secure, efficient, or cost-effective trading, it could be highly valuable.
• Value Estimate: Depending on the specifics, such patents could range from $500,000 to $10 million or more, especially if it shows potential for large-scale adoption by financial markets.

2. Corporate Governance on Blockchain Patent

• Market Size: Blockchain applications in corporate governance, like shareholder voting, audit trails, and smart contracts, are gaining traction, particularly in public and large private companies.
• Demand: High interest from corporations, legal tech firms, and compliance agencies.
• Value Estimate: Given the growing need for transparency and automation in governance, the patent could be worth $250,000 to $5 million or more, depending on its ability to streamline governance processes and reduce costs.

Factors Affecting Overall Value:

• Licensing Potential: Patents can generate recurring income if licensed to multiple firms.
• Market Trends: Blockchain adoption trends, regulatory environment, and integration with existing systems.
• Patent Protection Strength: Broader, well-protected patents tend to be more valuable.

There may e a hang up with CEO Joe's quest to convert the accounts payables of more than $860K using the Section 3(a)(10) exemption. Why would Blackstar be seeking a valuation of its assets when they are cash strapped and this exercise would require professional services. Lawsuit settlement? Maybe to ensure that they are not in conflict with the Section 3(a)(10) exemption rules? It gets complicated but possibly Blackstar needs to meet the 40% test to be exempt from registering the shares to show that they are not in the business of simply selling shares. Lets face it, Blackstar has zero full time employees and zero revenue. All they have is the method patents who's market value if ever allowed to be used is questionable.


Blockchain Technology Company BlackStar Secures Institutional Investor for Debt Repayment, Seeks Valuation and Eyes Revenue Possibilities Through IP Licensing
Tuesday, 05 November 2024 09:45 AM
https://www.accesswire.com/939223/blockchain-technology-company-blackstar-secures-institutional-investor-for-debt-repayment-seeks-valuation-and-eyes-revenue-possibilities-through-ip-licensing
Mr. Kurczodyna also stated that the next step for the Company is a valuation of our patents and a licensing strategy.

VOL. 31, NO. 6 • JUNE 2024
An Alternative Retail Offering:
“Conglomerate Vehicles” and
Their Regulatory Considerations
By Michael G. Doherty, Chelsea M. Childs, and Andrew G. Lawson
https://www.ropesgray.com/-/media/files/articles/2024/06/202406_investment_lawyer_article.pdf?rev=bbe8668bf561476db0d79307d6626bc8&hash=C1D5A6CB2D2D3E71592874054C398383
Section 3(a)(1)(C) applies its 40 percent test to investment in “investment securities.” For these purposes, “investment securities” are all securities excluding government securities, interests in employees’ securities companies and securities issued by majority-owned subsidiaries of the owner that (1) are not investment companies, and (2) are not relying on the exception from the definition of investment company in Sections 3(c)(1) or 3(c)(7). The SEC considers investment in the securities of a majority-owned subsidiary as being “more akin to activities of a holding company than an investment company.”...

At least CEO Joe filed an 8K for the massive dilution to come. I understand from my reading that he didn't have to but maybe he is covering his hind end. According to the paper linked below "silence to the market about the deal is key to a 3(a)(10) financier" If the cat is out of the bag on this one I guess the buying may dry up despite renewed efforts by the CEO with his infomercials making the dilutive effect of the steep discounts with each tranche even worse.

This is a toxic note for certain including tranches of 60,200,000 shares for fees and expenses for the number of transactions which isn't clear from the reading of the filing. $861,539.26 worth of shares priced at a steep discount to market is crazy stuff. This is what CEO Joe referred to as an institutional investment in the November 5th press release. Good news right? 😆 The question is when do they start hammering this with the new shares.



Blockchain Technology Company BlackStar Secures Institutional Investor for Debt Repayment, Seeks Valuation and Eyes Revenue Possibilities Through IP Licensing
Tuesday, 05 November 2024 09:45 AM
https://www.accesswire.com/939223/blockchain-technology-company-blackstar-secures-institutional-investor-for-debt-repayment-seeks-valuation-and-eyes-revenue-possibilities-through-ip-licensing


Form 8K November 05, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000119/blackstar8k1152024.htm

On October 29, 2024, BlackStar Enterprise Group, Inc. ("BEGI", "BlackStar", or the "Company") entered into a proposed settlement for purchase of $861,539.26 of debt owed to BlackStar's creditors. Under the terms of the Settlement Agreement and Stipulation ("Settlement Agreement") discussed below, Continuation Capital, Inc. ("CCI") agreed to purchase the bona fide and outstanding and unpaid creditor claims in exchange for shares of BlackStar's common stock in a State court approved transaction in compliance with the terms of Section 3(a)(10) of the Securities Act of 1933, as amended.

The Settlement Agreement allows Continuation Capital to purchase debt that we owe to our creditors through direct purchase of the debts from our creditors and convert such debt into shares of our common stock at a reduction of forty-two and a half percent (42.5%) off the lowest closing sale price for twenty (20) trading days as disclosed in the Settlement Agreement prior to the date of conversion for each tranche of debt purchased. Upon closing, the Company will immediately issue 60,200,000 freely trading shares pursuant to Section 3(a)(10) of the Securities Act to CCI.


3(A)(10) Financing: New Predatory Financing Using the Securities Act
Thomas S. Glassman University of Michigan Law School
https://repository.law.umich.edu/cgi/viewcontent.cgi?article=1039&context=mbelr

Page 105
In a basic 3(a)(10) arrangement, a 3(a)(10) financier brings a lawsuit against the company that will be receiving the financing. Within the initial lawsuit documents, it is stipulated that the 3(a)(10) financier is to be issued unrestricted common stock pursuant to a reduction in price from the current market value.42 According to the SEC filings of several companies, millions,43 and sometimes billions,44 of shares are issued to the financier in “tranches” which can be requested at any time by the financier as long as the issuance is below either 4.99%45 or 9.99%....

Page 106
Unless the company files an 8-K or other document with the SEC, the investor will likely never know the 3(a)(10) settlement happened until after the transaction is completed. Issuers may intentionally withhold information from shareholders in order to keep the stock price from falling.52 Shareholders who are notified may sell out of their position, not because the company lacks investment potential, but because of the overwhelming number of shares which will be sold and the pressure on the company to create artificial fixes (like a reverse split), which can “renew selling pressure.”

Page 107
Bearing in mind that a rational investor would not purchase stock certain to fall in price, and considering that a company’s stock price is very likely to fall because of the dilutive nature of 3(a)(10) financing, silence to the market about the deal is key to a 3(a)(10) financier. If the market knew that the purchase of a certain company’s stock would trigger the issuance of more shares, thus driving down the price, it is unlikely potential investors would make purchase. Silence about a 3(a)(10) financing agreement allows a 3(a)(10) financier to sell the stock where otherwise there would be no buyer for their discounted shares.

As you all know, I don't follow the court case. Too many details and not enough time. But what I would like to know is what is the absolute worse case scenario for Blackstar, especially in terms of money or shares out of pocket?

CEO Joe always paints a pretty picture. All CEOs of start ups do the same. What other choice do they have? The question is, do you believe it?

The value of a patent depends on several factors, including its uniqueness, market potential, industry demand, and the legal strength of the patent itself. Here’s a breakdown of potential factors that could influence the value of the two types of patents you mentioned:

1. Stock Trading on Blockchain Patent

• Market Size: Blockchain-based stock trading platforms could revolutionize traditional markets by offering decentralized, transparent, and efficient trading.
• Demand: High interest from financial institutions, fintech startups, and exchanges.
• Technology Differentiation: If the patent introduces a novel method of secure, efficient, or cost-effective trading, it could be highly valuable.
• Value Estimate: Depending on the specifics, such patents could range from $500,000 to $10 million or more, especially if it shows potential for large-scale adoption by financial markets.

2. Corporate Governance on Blockchain Patent

• Market Size: Blockchain applications in corporate governance, like shareholder voting, audit trails, and smart contracts, are gaining traction, particularly in public and large private companies.
• Demand: High interest from corporations, legal tech firms, and compliance agencies.
• Value Estimate: Given the growing need for transparency and automation in governance, the patent could be worth $250,000 to $5 million or more, depending on its ability to streamline governance processes and reduce costs.

Factors Affecting Overall Value:

• Licensing Potential: Patents can generate recurring income if licensed to multiple firms.
• Market Trends: Blockchain adoption trends, regulatory environment, and integration with existing systems.
• Patent Protection Strength: Broader, well-protected patents tend to be more valuable.

Would you like more detailed examples of comparable patents or valuation methods?

You guys are going to have to do way better than quote a line from the company's website. You are being lazy. 😆How much does a promotional post pay these days?

BlackStar's technology invites the industry, exchanges, and dealers to trade U.S. registered common stock on the blockchain. $BEGI

$BEGI BlackStar CEO Joseph E. Kurczodyna believes the priority of millions of investors is to trade digital assets and crypto on the blockchain. BlackStar's goal is to facilitate the trading of all registered public companies on the blockchain as cash spot markets without shorting.

$BEGI More information on Blackstar can be found in the Company's filings at the SEC web site: https://www.sec.gov/cgi-bin/browse-edgar?company=BlackStar&20Enterprise&match=&filenum=&State=&Country=&SIC=&myowner=exclude&action=getcompany.

BlackStar Enterprise Group, Inc. (OTC: BEGI) WEBSITE: blackstareg.com

CEO Joe has money to drop press releases everywhere this month to move the new shares so he must have the funds to file the quarterly. How bad is it and what is he hiding? See the (2) at the end of the Accesswire headline? That is the second time this month that he bought the same press release. He need to do better if he wants to move the rest of teh restricted that became vested at the end of June. Next up is what will be more than $1 million worth of new dilution per the last 8K using a section 3(a)(10) exemption from registration to obtain free trading shares for the foreseeable future. Think that has any chance without a split and a better story?

Blockchain Technology Company BlackStar Secures Institutional Investor for Debt Repayment, Seeks Valuation and Eyes Revenue Possibilities Through IP Licensing
Tuesday, 05 November 2024 09:45 AM
https://www.accesswire.com/939223/blockchain-technology-company-blackstar-secures-institutional-investor-for-debt-repayment-seeks-valuation-and-eyes-revenue-possibilities-through-ip-licensing

Blockchain Technology Company BlackStar Sees Future of Digital Asset Trading
PUBLISHED NOV 19, 2024 11:00AM EST
https://www.nasdaq.com/press-release/blockchain-technology-company-blackstar-sees-future-digital-asset-trading-2024-11-19

Blockchain Technology Company BlackStar Sees Future of Registered Digital Asset Trading (2)
Monday, 25 November 2024 10:45 AM
https://www.accesswire.com/946789/blockchain-technology-company-blackstar-sees-future-of-registered-digital-asset-trading-2

Bubae
Re: None
Thursday, November 21, 2024 6:01:14 PM
Post# 14830 of 14883
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175423373
New outstanding share count update today, this time backdated to the the 15th. looks like another 38,100,000 of the restricted shares made it into the market since the last update dropped on November 9th which was backdated to November 1st. A screen shot from that date is below. We also see the outstanding share count increase by 37,377,926 shares this time. With the 25 million shares that came off restricted with the previous update that could be a total of 63,100,000 of the 153 million shares that were issued as restricted at the end of December 2023 that were vested by the end of June. I say could be, because we do not know at this point if the 37,377,926 share increase in the OS is more shares going restricted or if CEO Joe has managed to get the section 3(a)(10) share exemptions off the ground. Either way we knew that conversion sales were taking place.

Well said! Maybe he can get the help he needs!

Nothing is wrong with it. Keep adding what you can afford to lose. This will be a great in the long run!

Hey, I have a few press releases going back to 2021. You might note that the press releases for this year do not even talk about any updates concerning the need to partner with a broker deal or ATS. It would appear that no one wants to mess with this clunky trading platform that was developed for old school book entry shares. Others like the DTCC and Blackrock are investing heavily in developing systems based on tokenizaton on a blockchain. Blackstar can't even get their own shares trading on their proposed trading platform and no longer talk about why. CEO Joe in his latest press release is trying to conflate what the BlackStar’s Digital Trading Platform (“BDTP™”) does with what is going on with crypto assets and ETFs through tokenization. One has nothing to do with the other.


For the quarterly period ended June 30, 2024
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000098/begi-20240630.htm
Page 15 and 16
...The Company’s next major step in its main feature, BlackStar’s Digital Trading Platform (“BDTP™”), will be to engage an operating partner (a broker-dealer, clearing firm, and/or registered Alternative Trading System (“ATS”)) to host the platform prior to implementation. To that end, the Company has been exploring partnerships with broker-dealers and existing ATS’s and other strategies to go live with BDTP™ in accordance with existing laws and regulations. As of the date of this filing, the core platform of BDTP™ is complete and will remain in the testing phase until we obtain an operating partner, or acquires a broker-dealer to operate the platform. BlackStar intends to continue to seek further input from various regulatory agencies and others on the functionality of the BDTP™.

The Company’s success will be dependent upon its ability to analyze and manage the opportunities presented and is contingent upon successfully raising funds and ultimately SEC approval of our digital trading platform.


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
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. Given that guidance, we are evaluating our options for finalizing the BDTP, including exploring partnerships with existing ATS's. BlackStar will continue to seek further input from various regulatory agencies and OTC Markets on the potential functionality and regulatory aspects of the BDTP over the next several months.BlackStar's Blockchain Equity Trading Proprietary Software May Be Innovative Solution for Regulators, U.S. Broker Dealers and Investors
Wednesday, 21 July 2021 10:03
https://www.accesswire.com/656459/blackstars-blockchain-equity-trading-proprietary-software-may-be-innovative-solution-for-regulators-us-broker-dealers-and-investors
For the last phase of the project, BlackStar is actively pursuing strategic relationships with various broker dealers and clearing firms to quote the stock and enable the platform to begin trading of registered BEGI shares, completing the final stages of our multi-year software engineering effort. BlackStar Enterprise Group, Inc. Provides Corporate Update
Wednesday, 21 December 2022 12:00
https://www.accesswire.com/732798/BlackStar-Enterprise-Group-Inc-Provides-Corporate-Update
Our proposed secure platform offers the ability for the public to initiate trades through their brokerage accounts with cash for BlackStar common stock, offering increased security and order flow visibility, and prohibiting short selling.BlackStar Enterprise Group, Inc. Provides Registration Statement Update
Wednesday, 15 March 2023 10:30
https://www.accesswire.com/743761/blackstar-enterprise-group-inc-provides-registration-statement-update
....within the next six months with respect to seeking the approval or clearance of our shares being eligible to be traded on our BDTP™ platform.

...there is no assurance that we will be successful in our shares being approved or cleared for trading on our BDTP™ platform. The BDTP™ is not yet functional and may never be functional.Blockchain First Infrastructure Designed to Enable Public Company Common Shares to Trade as Digital Securities
Monday, 11 September 2023 09:29
https://www.accesswire.com/782422/blockchain-first-infrastructure-designed-to-enable-public-company-common-shares-to-trade-as-digital-securities
We believe that if we are able to secure a contract to host our platform in the next three to six months, that the BDTP™...

At this time, no ATS has committed to an arrangement. We intend to continue having discussions with various ATS's until we have secured an arrangement that will allow the BDTP™ platform to operate.Blockchain Technology Company BlackStar Sees Future of Registered Digital Asset Trading (2)
Monday, 25 November 2024 10:45 AM
https://www.accesswire.com/946789/blockchain-technology-company-blackstar-sees-future-of-registered-digital-asset-trading-2
Mr. Kurczodyna stated that "BlackStar's blockchain technology can facilitate the trading of U.S. registered public companies on the blockchain through the broker-dealer ecosystem.

$BEGI - WHAT IS B.D.T.P.™
BlackStar Digital Trading Platform is a trailblazing, blockchain-based platform meticulously designed to revolutionize three key financial sectors: Corporate Governance, Capital Raising, and Digital Trading.
https://www.blackstareg.com/

$BEGI - BlackStar Enterprise Group is a specialized financial solutions provider focusing on harnessing the potential of blockchain technology. https://www.blackstareg.com/

$BEGI Share Structure 
Authorized Shares 2,000,000,000 11/15/2024
Outstanding Shares 1,794,694,873 11/15/2024
Restricted 160,129,954 11/15/2024
Unrestricted 1,634,564,919 11/15/2024
https://www.otcmarkets.com/stock/BEGI/security

$BEGI News November 05, 2024
Blockchain Technology Company BlackStar Secures Institutional Investor for Debt Repayment, Seeks Valuation and Eyes Revenue Possibilities Through IP Licensing
https://finance.yahoo.com/news/blockchain-technology-company-blackstar-secures-144500783.html

Whats wrong with owning $126 worth of a penny stock? Most putting money into these stocks can't afford Apple or Microsoft. If you're such a big shot, why you hanging around with us little folks here? Oh, thats right, to protect us right? Or maybe you feel inadequate with those you claim to be so you feel better about yourself here.

$126 worth of BEGI?

Hold 90k shares and forget it for a year.

Please keep promoting trading void cycles of the stock and unloading into the bid to create your own liquidity.

Let us know when you change brokers so you can purchase 1m shares.

This is a very unhinged post and does not even justify a response.

Don't get frustrated at me because you cannot spoof the stock and play trading games anymore.

I think you need a break from the boards... take care of yourself....