BlackStar Enterprise Group Inc (PK) (BEGI) 銘柄情報

Courtesy Chat GBT

A patent enabling equity trading and corporate governance on a blockchain could be extremely valuable, particularly as the market shifts towards decentralized finance (DeFi) and tokenized assets. Its valuation would depend on factors like scope, exclusivity, and market potential. Here’s an analysis:

Key Value Drivers

1. Market Opportunity

• Equity Trading Market: The global equity trading market exceeds $100 trillion in annual trading volume. Capturing even a fraction of this through blockchain solutions could yield significant revenue.
• Corporate Governance: The ability to streamline shareholder voting, proxy management, and governance actions using blockchain could revolutionize boardroom operations and save billions annually in administrative costs.
• Tokenization of Assets: With growing interest in tokenized stocks and securities, a patent enabling blockchain equity and governance functionality aligns with future trends.

2. Patent Scope

• Unique Claims: If the patent covers a novel mechanism for integrating trading and governance on a blockchain (e.g., smart contracts for shareholder voting tied to equity ownership), it could be foundational to the industry.
• Blockchain Protocols: Coverage extending across multiple blockchain technologies (e.g., Ethereum, Hyperledger, Solana) increases its applicability and value.

3. Potential Use Cases

• Institutional Use: Stock exchanges (e.g., Nasdaq, NYSE) and clearinghouses might leverage the technology for real-time settlement and governance tools.
• Private Equity and Startups: Smaller companies could use blockchain-based governance tools to streamline operations.
• Decentralized Finance (DeFi): The patent could appeal to DeFi platforms integrating tokenized stocks or governance mechanisms.

4. Competitive Edge

• If the patent creates a “moat” by preventing competitors from deploying similar blockchain solutions, its strategic value skyrockets.

Monetary Estimate

The value of this patent could range from $10 million to $1 billion or more, depending on the market segment it captures and the technological barriers it creates for competitors. Here’s a breakdown:

1. Licensing Revenue

• Annual Licensing: $1M–$50M annually, depending on adoption.
• Example: Stock exchanges and blockchain platforms may pay licensing fees to integrate the technology.

2. Strategic Acquisition

• Major players like Nasdaq, Binance, or institutional tech firms could acquire the patent outright for $50M–$500M, depending on its exclusivity and utility.

3. Market Disruption Potential

• If the patent disrupts traditional equity trading or governance systems, it could command a $500M–$1B valuation, especially if widely adopted.

Key Considerations

1. Blockchain Adoption: Adoption rates in equity markets and governance will influence the patent’s value.
2. Regulatory Compliance: Patents enabling SEC-compliant trading and governance mechanisms will have higher value.
3. Interoperability: If the patent integrates seamlessly with existing systems (e.g., custodians, exchanges, brokers), its value increases.
4. Enforceability: A well-drafted patent with enforceable claims is more valuable than one vulnerable to challenges.

Would you like a deeper dive into valuation models or potential licensing strategies?

Mumbo Jumbo from the CEO to keep all you bag holders from coming to your senses and dumping this garbage. Do yourselves a favor and get out. GO buy something that's making money

November 19, 2024 $BEGI News: Blockchain Technology Company BlackStar Sees Future of Digital Asset Trading

BOULDER, CO / ACCESSWIRE / November 19, 2024 / BlackStar Enterprises Group, Inc. ("BlackStar") (OTC Pink: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. BlackStar's technology invites the industry, exchanges, and dealers to trade U.S. registered common stock on the blockchain.

Mr. Kurczodyna recognized the potential of digital assets with the rise of Bitcoin in 2017, after spending three decades as a foreign currency and U.S. dollar trader. Mr. Kurczodyna realized that Bitcoin could be a world currency and shift the balance of global economic powers, including the theoretical ability to reduce deficit spending and manage the books of the largest economies using a Bitcoin hedge. From there, Mr. Kurczodyna came to believe that "with only one decentralized world currency in Bitcoin, that crypto companies, man-made coins, tokens, or blockchain applications traded as coins may have other monetary motives." Regarding Exchange-Traded Funds (ETFs), Mr. Kurczodyna thinks that "these types of funds helped open the investment world to trading Bitcoin as a security. Digital assets secured by exchanged traded funds send a clear signal to the investment banking world that digital assets that are registered as securities on the blockchain will trade through brokers as spot market ETFs."

Mr. Kurczodyna is also of the opinion that "most unregistered, unaudited crypto companies are trading imitations hooked to the Bitcoin movement. Many of these crypto companies or applications may disappear like the end of a chain letter. Commonsense regulation tells us that the rules and regulations created in the 1930s provide guidance for unregistered securities.Registration and vetting by the SEC with an audit protects the investing public."

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. BlackStar's technology trades common shares without creating a new security through tokenization: common shares in book entry are fungible with their digital form."

BlackStar's intellectual property portfolio covers all regulated, registered equities and all forms of securities traded on the blockchain through broker-dealers.

Other Info: BlackStar Enterprise Group, Inc. (OTC PINK:BEGI)

WEBSITE: blackstareg.com
EMAIL: info@blackstareg.com

CONTACT

Bryan P Hemphill….559-359-1480
http://www.blackstareg.com/investor-relations/

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

SEC Disclaimer

This press release is neither an offer to sell nor a solicitation of an offer to buy any securities in the United States or elsewhere. This press release may contain forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in BlackStar's ("the Company's") business plan. The creation of subsidiaries and expansion of services into new sectors should not be construed as an indication in any way whatsoever of the future value of the Company's common stock or its present or future financial condition. The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.

SOURCE: BlackStar Enterprise Group, Inc.

View the original press release on accesswire.com

I forgot to mention... in addition to the vast amount of law exp relating to securities... VP Karl's professional background includes a significant tenure at Microsoft, where he managed groups in corporate and international marketing, channel sales, product and business development, and government affairs. Notably, he worked directly with Bill Gates during his time at Microsoft.

And as an entrepreneur, Mr. Buhl has bought and sold his own companies and has started several companies from scratch....

Wheelhouse?

Let them have their piece of the cake now, imo.

Agreedx2

While not formally representing BEGI...CC could informally support BEGI’s approach by providing strategic advice and insight. Particularly, Mr. Cleland should be well-positioned to offer perspectives on BEGI's legal challenges, most notably concerning securities law.

And yet another attempt to spin the coming dilution as good news. Maybe we should look at the specific "proposed" agreement that Blackstar has with Continuation Capital. Continuation Capital is not investing anything into Blackstar. The agreement is to move more than $860K of accounts payable complete with fees of 60,200,000 shares issued for each deal with the creditors, conversion price of 42.5% off the lowest closing sale price for twenty (20) trading days, all shares exempt from registration and immediately free trading. Post# 14263 linked below goes into detail about how the accounts payables grew so quickly with the legal fees.

That is much better than a regulation "A" offering with a fixed price who's shares are also exempt from registration and immediately free trading. The continuous discount to market priced per tranche is a huge advantage getting it sold into the market to the hapless traders who aren't aware of what is going on. The 4.99% limit per tranche is hardly a problem since 4.99% of the OS could provide 90 million shares. I would imagine with the ability to reset the price continuously that they not would risk trying to move that many shares at once with such a thinly traded stock. We need the new filing to confirm that the agreement will be fully approved for execution and so far CEO Joe is in no hurry to get that released. The Q3 is currently delinquent.


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.

Agreed, if anything they may know a thing or two that will help win this legal battle increasing the share price, in turn increasing all of our wealth. Likely they are betting on that just that and are happy to buy in at a below market price. If they only have 75 mil then it’s 1.33% of their wealth. Lots of room to kick in more $

Yup, looks good. I would say there is some built-in risk mitigation, some contingencies and milestones markers that BEGI will need to meet? First up is clearing the short term debt and other obligations. Tranche based (can't hold more than 4.99% at a given time). I'd imagine BEGI will get to work soon on the patent valuation (possible milestone marker for CC?)... and we need to see the outcome of the case. After that, assuming positive outcomes, I'd imagine they would get funded again at better terms/ more money. Maybe BEGI finds a new dance partner?

Looking at their extensive backgrounds in law, I'd say it's close to 0% chance they did not dig into this case. Relatively low risk/ extremely high reward potential for them, and they don't seem like the kind of people who fart into the wind for fun. Seeking bullseyes. They are getting in at a nice price, but it is also nice to have a bigger fish who now has a stake, and should also be watching this case very closely. The alignment and accummen is worth the dilution, imo. Networks. Trade-offs. Nothing in life is free (except this opinion), esp not for penny stock startups.

From CC website

Continuation Capital may be able to capitalize your company for as much as $75M with a Tier-2 Regulation A+ offering. Recognizing that small companies have had difficulty accessing capital, in 2015 the Securities and Exchange Commission (SEC) revised its Regulation A rules, enabling small public companies to accept investor capital while protecting shareholder interests. If your company is domiciled in the US or Canada, you may be able to utilize Regulation A+ to structure a capital raising plan specifically tailored to fit your company’s needs—potentially enabling CCAP to capitalize your company for up to $75M.

A poster here had asked if anyone had done DD on Continuation Capital, the entity providing Blackstar with funds for Debt Settlement. https://continuecap.com/about/
https://finance.yahoo.com/news/blockchain-technology-company-blackstar-secures-144500783.html

I was able to easily find their webpage, unlike GS Capital Partners LLC, BEGI's previous lender (dealer?), who I have yet to get transparent information on. Nobody here seems to be able to provide that, as the only information provided was a misidentification of the entity as Goldman Sachs. SEC and FINRA sources are lacking in detailed information as well.

CC received a nice contract from Blackstar, with their ability to convert debt to equity at a deep discount. With that said, I am sure they have done the necessary DD on BEGI and current ongoings. BEGI not only needs to survive but thrive in some form or fashion for them to be able to sell the shares that they are converting. For every seller, there needs to be a buyer. To boot, this is at a time when the sentiment of the stock is probably at an all time low, due to both the OTC market being pummeled repeatedly and this seemingly silly lawsuit filed by previous lender (dealer?). My opinion is a vote of confidence.

I hope, and expect, the CEO of Blackstar has talked to leadership of CC. Below is some of their qualifications, which seems like a good match relative to everything going on with this lawsuit and corporate ongoings, such as their intention to initiate patent valuation and licensing opportunities.

Charles N. Cleland, Jr.
President, Partner, and General Counsel

As a licensed attorney in the State of Florida, and a member of the Florida Bar, Charles “Chip” Cleland serves as President and member of the Board of Directors of Continuation Capital, Inc. His extensive experience in debt and equity financing, debt recapitalization, and bridge financing, makes him ideally suited to manage internal and external legal, operational, and compliance related issues between CCAP’s public issuer clients and their creditors.

As owner and President of Charles N. Cleland, Jr., P.A., a law firm in Sarasota, Florida, Chip has served as general, corporate and litigation legal counsel for multiple private and publicly traded companies—as well as for equity fund clients—over his 30-year legal career.

He previously served as an Assistant State Attorney in the State of Florida and has extensive experience in the fields of civil and commercial litigation. He earned his Bachelor of Science degree in Business Communication from the Florida State University in 1987, and his Juris Doctorate from Mercer University School of Law in 1991.

Paul Winkle
Vice President & Partner

As managing partner at CCAP, Paul is responsible for business development, deal feasibility analysis, client retention, product development, and cultivating service provider relationships.

Paul has 37 years’ experience in financial services and consulting, with a strong background in sales and deal making. He has participated in dozens of IPO’s as a licensed broker while simultaneously managing five branch brokerage offices throughout the Southeast. Paul is adept at analyzing financial statements for public and private companies, and he has successfully guided many companies through direct-public and Regulation A offerings and debt recapitalization events.

Karl F. Buhl
Vice President & Partner

Karl leads strategic planning and financial modeling for Continuation Capital, as well as managing operations including sales & marketing, technology, accounting, and personnel.

He was formerly an exec at Microsoft in Redmond, Washington, where, in addition to working directly with Bill Gates, he managed groups in corporate and international marketing, channel sales, product and business development, and government affairs. As an entrepreneur, Mr. Buhl has bought and sold his own companies as well as having started several companies from scratch.

Georganne Voyles
Operations Manager

Georganne manages operations for Continuation Capital including working with CCAP’s law firm to secure legal opinion letters, calculating and managing share conversions between transfer agents and broker dealers, processing share issuance, and initiating broker deposits among other responsibilities.

Gigi brings 18-years of brokerage and financial operations experience to CCAP. She previously held NASD Series 4, Series 7, Series 24, Series 53, and Series 63 licensing as well as the titles of Chief Compliance Officer and Compliance Registered Options Principal at financial firms Kidder, Peabody & Co., Dean Witter Reynolds, and Merrill Lynch.

Her understanding of the financial and brokerage industry significantly contributes to the seamless and efficient transfer of share ownership, benefitting both CCAP and our issuer clients.

Nice cast. I will be reaching out to all of them.

This stock is so predicable. Time to walk it back up for the next round of dilution is it not? 😁 Flip them if you have them but don't underestimate their ability to run it above $0.002 again. We see how much was converted the past couple of weeks and by that measure CEO Joe will need to step it up a bit. That pace of dilution isn't doing much for Blackstar's debt problem. Attorneys do not have a sense of humor when it comes to unpaid bills. 😆 The OTC site show that Blackstar is now delinquent in their filing. I don't blame CEO Joe though because filings cost money and he has nothing to lose by not filing for a while. It actually take months to realize any real consequences other than trading sentiment.

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.

Bubae
Re: None
Saturday, November 09, 2024 8:12:43 AM
Post# 14746 of 14829
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175357686
Noticed that the outstanding share count details tab for the OTC site was updated last night. No change in the numbers and backdated once again this time to to November 1st. Looks as if that walkup to $0.0029 on the 29th and subsequent dump to $0.0015 was to support the shares that came off the registered count and not associated with the new agreement. We found that 25 million shares came off restricted with the update of October 21st. That update of the 21st was backdated to October 16th. This is the second update this past week. I guess we will have to wait a bit longer to find out if the new agreement is currently viable of not.Bubae
Re: burner67 post# 13724
Tuesday, May 07, 2024 10:14:24 PM
Post# 13728 of 13814
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174376080
We are looking at a bit more than the 153 million shares that went restricted at the end of 2023 that will be vested by the end of June. That 153 million shares represents the 25 million issued for the media contract, 71.25 million issued financing fees for loans, and the 56.79 million issued for warrants.

Certainly looks nasty, sure.

The most important agenda item is this case & the shares in question. IMO, GS capital partners, LLC better hope that those patents are significant. If they intend to fight begi to the end, what will be left in value of reserve shares and the potential lawyers fees that need to be made whole? <--- Hypothetical assumption that they deem they will win in the end.

Tick Tock.... for everyone. Low volume and looks like Fidelity has implemented some policy on volume blockers for not just OTC but also the major exchanges.

I have yet to find any answers to SH and company rights questions that I have, so I guess we wait until Dec. 20. Perhaps the "engaged in settlement" talk was a hollow statement?. The court should have to address this, regardless of whether or not it is in their purview. With the application of federal violations in question... I will continue to check in with the SEC, who was kind enough to reply to my mails a couple of times now, but no official word yet either on my specific questions. Probably wasting my time even writing this... I guess a hungry securities lawyer might want to take a look into this.

Zzzz... dilution.... until then?

Oh well. We shall see.

As you can tell, I put a lot of research into this. Thanks for noticing and I really appreciate your kind reply

I wouldn't try to flip less than a million shares of this trash but I'm not sure that the cycles will continue as they have. I would love to drop a million shares on those who chase the walk-ups.😆 The Q3 was filed on November 20th last year and still we have nothing. Friday after hours maybe? The outstanding share count is still stuck on November first so we continue to wait for confirmation of the viability of the section 3(a)(10) exemption from registration for the new shares. Not getting it is very bad for CEO Joe's prospects. Current shareholders get crushed either way. 😏

Bubae
Re: Savannah-Marc post# 14784
Thursday, November 14, 2024 10:13:24 AM
Post# 14785 of 14826
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175383885
Nice attempt at a spin on the situation. Continuation Capital isn't laying out an capital, they will be receiving tranches up to 4.99% of the OS in free trading shares priced at a steep discount to market. The more than $860K is from the accounts payables that Blackstar run up with the lawsuit and other expenses. I'm waiting for a OS update for an indication that this "proposed settlement" using the section 3(a)(10) exemption from registration will work. The last OS update was backdated to November 1st so we now nothing for certain yet and CEO Joe will play it close to the vest as usual.

Thanks for your detailed opinion, a valuable opinion, in my opinion.

IMO the people that average down on this stock are not going to be happy in the end

Looks like Bubae might get his 100k shares!

Marc, I thought you were gonna keep this from going into the teens? Looks like BEGI blew past the teens and is on the way to trip just like the other trash you’re pumping!

.0011...So if you cut a penny into nine slivers, this this is worth one of those slivers. Yikes

Yes, surgery was a success

Laughter is the best medicine. Glad you are on the mend.

Yes, I feel very inadequate compared to you as I'm sure most people do 🤣

I can't answer your speculations. But again, indirectly, you have brought up a good point . There is a broader truth in legal strategy: when lawyers align themselves with financially distressed clients, it often reflects their belief that the fight is worth it—not just for the client, but for the firm as well. Nice job.

Where there are problems, there are opportunities.

I am sorry you feel inadequate...sounds like a 'you' problem.

Is there an LLY investorshub board where you can air out your troubles?

Happy Trading, professor.

You're a little condescending. Are you insecure or do you just think you're smarter than everyone else?

Yeah, you keep following the lawsuit. GS Capital has until December 20th, then Blackstar has 90 days to rebut that, etc, etc. Meanwhile the cash burn on the legal fees continues. What happens if CEO Joe isn't able to use the section 3(a)(10) exemption to convert the accounts payable? CEO Joe can stiff his note holders but attorneys expect to be paid. 😆 The quarterly should drop before Friday and should answer that question.

Bubae
Re: Savannah-Marc post# 14784
Thursday, November 14, 2024 10:13:24 AM
Post# 14785 of 14814
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175383885
Nice attempt at a spin on the situation. Continuation Capital isn't laying out an capital, they will be receiving tranches up to 4.99% of the OS in free trading shares priced at a steep discount to market. The more than $860K is from the accounts payables that Blackstar run up with the lawsuit and other expenses. I'm waiting for a OS update for an indication that this "proposed settlement" using the section 3(a)(10) exemption from registration will work. The last OS update was backdated to November 1st so we now nothing for certain yet and CEO Joe will play it close to the vest as usual.

Wow, you're still here.

I give you credit for your discipline in tracking convertibles, and letting us know that none of the lenders were following rule 144, which happens to be the the same assertion made by BEGI in their court case against GS Capital Partners, LLC. I am waiting for DEC 20, not staring at the volume, searching reddit complaints, and groveling about Fidelity blocking flash trading.

Keep doing you, I'll check back in as we get closer to the Dec.20 answering brief. Speaking of which, I have yet to find the registered dealer information for Goldma.... I mean GS Capital Partners, LLC.

So much self-assured hubris from a bag holder of a stock that has just announced the intent to sell more than $1 million in new equity in the form of free trading shares. They have two options, sell it straight down and split, or do what they have been doing. That is sell it down for the fresh new 20 day closing low to price in the new conversions then walk it back up. My post on October 29th when traders chased this to a high of $0.0029. You have to have the discipline to let the price come to you or you end up being the chump feeding someone else's bank account. 😆 Notice that the volume today with the press release was only possible by selling it down to $0.00115. A press release just before the quarterly release that says nothing about results is a good sign, right? 😆The filing will be a fun read. Quarterly tomorrow? Agreed... they are protecting you from yourself. It's kind of silly to try and day trade on freely issued conversions.
Bubae
Re: None
Tuesday, October 29, 2024 12:15:02 PM
Post# 14425 of 14812
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175303375
Looks like they are promoting somewhere and found a few buyers. If nothing else Blackstar has demonstrated that they consistently are able to walk the price up to support the next share dump. The last OS back dated update of October 16th revealed that they dumped 25 million of the restricted in the previous 30 days. That resulted in a low of $0.0013 on October 18 before this walk up. If you are going to play with this observe the cycles of walk up and dump. I suspect that CEO Joe has been called out on his infomercials and is now staying silent so that catalyst that has worked in the past is questionable at this point. There is a reason why he isn't supporting these conversions in my opinion. Could be he just doesn't have the cash flow and can't pay for the promotion with promised shares at this point.

You realize Marc doesn't look nearly this deep into his stock picks, right?

You believe everything he says Marc? 'Joseph E. Kurczodyna believes....'. Believes. Joe's believed a lot of things that unfortunately haven't transpired. The proof is in the pudding and right now the pudding is stale.

"Which, really, may save foolish traders a lot of money."

Agreed... they are protecting you from yourself. It's kind of silly to try and day trade on freely issued conversions. There is so many great, liquid stocks to day trade.

You will save time and money from here on out.

Double bonus, Bubae.

I am going to venture to say that majority of traders trading OTC 'trash' don't meet the equity requirements.

You seem a bit flustered! Call them...They will give you the reasons behind the block.

Happy trading.

I'm not the only one having this issue trading trash like this with Fidelity and this isn't the only ticker. It started last Friday. It isn't clear what is going on but if these restrictions are what is happening tickers like this will be out of business sooner than they would have been. Which, really, may save foolish traders a lot of money. I attempted a buy for a million shares to play the game with these conversions and got denied all the way down to a 100K order again. It almost got that low today. How low will they need to take it to move the new shares before the split? 😆

The bid got very weak today. If they are setting up for the section 3(a)(10) exemption to start moving those shares will they paint the close lower today? Or do we see the trips soon to price in the new conversions. The press release today may have been intended to measure interest. I still can't trade this with the new rule in place. Can you? 😆


Bubae
Re: None
Monday, November 18, 2024 11:09:03 AM
Post# 14801 of 14806
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175403333
So if the section 3(a)(10) exemption from registration is n play and they have been moving the original 60.2 million shares I am expecting a take down to lock in a new 20 day closing low to price in the next tranche of shares for the conversion of some of the accounts payables. Last Friday I attempted a buy order at $0.001 for 1 million shares. That Fidelity buy order was denied throwing a trade order error 314217. I had never seen this before but apparently other are experiencing it as well with Fidelity. This essentially throttles the liquidity for retail trading in my opinion so beware trying to flip this trash with the cycles of sell off and walk up. This morning I kept taking the buy quantity lower to see where it would allow a trade. I got all the way down to $50 worth at $0.001. 😆

They all pump, I'm sorry "communicate", when they are dumping shares marc. Same story for years, todays press release is more of the same nothing new. He knows that he needs to address the markets move to tokenization on a blockchain and that was the best he could do. Again, take his statement in isolation from the rest of the press release content because one has nothing to do with the other. In this press release he attempts to say that his method doesn't require the step to be converted to tokens. What he doesn't say is that his method converts to his own proprietary BlackStar Electronic Fungible Shares (BEFS).

The SEC vetted the S-1 offering registration prospectus through a series of correspondence and the result is in the June 2023 10th amendment of the filing linked below. You can read over the need to partner with a broker dealer or ATS. There is a description of how this clunky BlackStar Digital Trading Platform™ (BDTP) operates and get a clear idea of why after years of trying CEO Joe still isn't even able to use the platform to trade his own stock. CEO Joe got a little volume today but they sold into it right? It still isn't clear yet because CEO Joe hasn't shown the OS update since November 1st but they may not have even started on the new conversions yet.
What I love about this company, the CEO is real with shareholdrers and communicates!
Blockchain Technology Company BlackStar Sees Future of Digital Asset Trading
Tuesday, 19 November 2024 11:00 AM
https://www.accesswire.com/944523/blockchain-technology-company-blackstar-sees-future-of-digital-asset-trading
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. BlackStar's technology trades common shares without creating a new security through tokenization: common shares in book entry are fungible with their digital form."

BlackStar's intellectual property portfolio covers all regulated, registered equities and all forms of securities traded on the blockchain through broker-dealers.

Bubae
Re: burner67 post# 14772
Sunday, November 10, 2024 9:30:28 PM
Post# 14773 of 14805
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.


AMENDMENT NO. 10 TO FORM S-1 filed June 16th 2023, notice of effect July 6th 2023.
https://www.sec.gov/Archives/edgar/data/1483646/000106594923000063/blackstar_s1a10.htm

Page 41 and 42
The core platform has been designed for initial use with BlackStar common stock and is thus the BlackStar Digital Trading Platform™ (BDTP). Our BlackStar Electronic Fungible Shares (BEFS) are proposed to be the initially traded securities on the blockchain on the BDTP™ platform and the rights and privileges to each shareholder of the BEFS is the same as certificated shares of common stock of BlackStar. BEFS are the same class of common stock as, and are identical to, paper certificated and book-entry shares of common stock; BEFS merely describes the format of the share...

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. While they often share compatibility with the cryptocurrencies of that network, they are a wholly different digital asset class.

In contrast, the BEFS are simply uncertificated shares of stock of BlackStar, which are commonly referred to as a “book-entry shares” in DTC and transfer agent parlance or, as we refer to them, “electronic fungible shares.” Shares held in uncertificated book-entry form have the same rights and privileges as shares held in certificate form.

Page 43

Will the BEFS traded on the proposed BDTP™ 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. BDTP™, 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.

What I love about this company, the CEO is real with shareholdrers and communicates!
https://www.accesswire.com/944523/blockchain-technology-company-blackstar-sees-future-of-digital-asset-trading

Another triple ZERO loser pumped by Marc!

Oof. Sorry for your day trading troubles. Did you ask Fidelity about pattern day trading flags for low volume penny stocks and associated minimum account equity requirements.

Good luck!

This issue with trading these thinly traded stocks with Fidelity began last Friday from what I am reading. I am unable to effectively trade this stock with buy limits below 100K shares. I have to wonder if new SEC guidelines are in play and if it will spread across other trading platforms. Think CEO Joe will have any luck selling what was intended to be more than $1 million of shares exempt from registration off that section 3(a)(10) agreement. 😆 The liquidity situation was bad enough with out this grief. You all who may be eyeing the exits should think about that as well. If I can buy and dump a million shares of this trash at a go playing the game along with the money manager dumps and walk-ups, then what is the use.


ORCA
Re: None
Monday, November 18, 2024 11:37:45 AM
Post# 134168 of 134184
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175403616&txt2find=314217
TO ALL VPLM HOLDERS.THIS IS VERY BAD NEWS FOR NOT ONLY VPLM BUT ALL PENNY STOCKS.AND PENNY STOCK TRADERS.FIDELITY SCAMBAG PULLED THE PLUG ON PENNY STOCKS.YOU CAN NOT EVEN BUY 100K OF VPLM.I PLACED A BUY ORDER OF 100K SHARES, AND I GOT THIS NOTE. MANY OTHER TRADERS GETTING THE SAME NOTE ON OTHER PENNY STOCKS.THIS GUY BELOW CALLED FIDELITY AND READ WHAT HE SAID.
IF SCHWAB DOES THE SAME.IT WILL BE THE END OF PENNY STOCKS,AND MOST COMPANIES WILL GO OUT OF BUSINESS.THIS IS VERY SERIOUS.
(314217) The share quantity is limited due to the average volume of the security. Please edit the order.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175393038
azco_com

So if the section 3(a)(10) exemption from registration is n play and they have been moving the original 60.2 million shares I am expecting a take down to lock in a new 20 day closing low to price in the next tranche of shares for the conversion of some of the accounts payables. Last Friday I attempted a buy order at $0.001 for 1 million shares. That Fidelity buy order was denied throwing a trade order error 314217. I had never seen this before but apparently other are experiencing it as well with Fidelity. This essentially throttles the liquidity for retail trading in my opinion so beware trying to flip this trash with the cycles of sell off and walk up. This morning I kept taking the buy quantity lower to see where it would allow a trade. I got all the way down to $50 worth at $0.001. 😆


Trade Error

(314217) The share quantity is limited due to the average volume of teh security. Please edit the order.

Trade Error: *314217* - The share quanitty is limited due to average volume of security. Anyone else getting this error?
https://www.reddit.com/r/fidelityinvestments/comments/1grxuld/trade_error_314217_the_share_quanitty_is_limited/

Bubae
Re: Savannah-Marc post# 14784
Thursday, November 14, 2024 10:13:24 AM
Post# 14785 of 14800
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175383885&txt2find=lowest%2Bclosing
Nice attempt at a spin on the situation. Continuation Capital isn't laying out an capital, they will be receiving tranches up to 4.99% of the OS in free trading shares priced at a steep discount to market. The more than $860K is from the accounts payables that Blackstar run up with the lawsuit and other expenses. I'm waiting for a OS update for an indication that this "proposed settlement" using the section 3(a)(10) exemption from registration will work. The last OS update was backdated to November 1st so we now nothing for certain yet and CEO Joe will play it close to the vest as usual.

Since your slandering people, what’s your slander on Sorcerer Diviner18 ?

Please back this up with facts.

Savannah marc is an insider trying to convince me people to invest into share dumping schemes lolol. Beware

The fun began at 12:06 today with the dumping of 3.6 million shares taking it down to 15. then just when the 16s recovered a bit we see from 1:06 and 1:15 nearly 5.2 million more dumped back to 15. Someone had a busy lunch break. 🤣 That 8.8 million shares duped over less than 15 minutes of trading represented nearly all of the selling into the bid today. only 43,650 shares bought at the ask, 215,025 in neutral territory and 8,874,663 sold into the bid. We should get a peek into who is dumping the shares with the filing next week. Or is this retail unloading before the dilution comes in earnest.

Got the notice of late filing today. Now off to pump up the leaky tires on my trailer with comrade Xiang. 😜

Continuation Capital got shares at a nice discounted rate. They don't have to believe in the company.

You need to make a new account, anyone can obviously tell your posts are lies and consistently disingenuous. You're like a bad infomercial on repeat at 2AM every night.
$ BEGI $

Nice attempt at a spin on the situation. Continuation Capital isn't laying out an capital, they will be receiving tranches up to 4.99% of the OS in free trading shares priced at a steep discount to market. The more than $860K is from the accounts payables that Blackstar run up with the lawsuit and other expenses. I'm waiting for a OS update for an indication that this "proposed settlement" using the section 3(a)(10) exemption from registration will work. The last OS update was backdated to November 1st so we now nothing for certain yet and CEO Joe will play it close to the vest as usual.


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.

Well, someone with $861,539.26 believes in Blackstar.....and I do too!!!!!
https://www.tipranks.com/news/company-announcements/blackstar-enterprise-reduces-debt-through-equity-exchange