Welcome to our dedicated page for Blackstar Enterp news (Ticker: BEGI), a resource for investors and traders seeking the latest updates and insights on Blackstar Enterp stock.
BlackStar Enterprise Group, Inc. (OTC Pink: BEGI) issues frequent updates about its merchant banking activities and its development of blockchain-based technology for trading securities. The company’s news flow centers on its BlackStar Digital Trading Platform™ (BDTPTM), its patent portfolio for blockchain trading of equities, and its stated goal of enabling registered securities to trade on a blockchain within the traditional broker-dealer ecosystem.
In recent press releases, BlackStar has highlighted multiple U.S. patents and notices of allowance from the United States Patent and Trademark Office that it says cover trading of registered and unregistered securities on a blockchain, public offerings and funding on blockchain, and corporate governance functions. News items also describe the company’s efforts to design and complete a digital trading platform that can trade its own digital common stock without tokens, and its intention to extend this system to other public companies once a broker-dealer partnership is in place.
Investors following BEGI news will find commentary from management on cryptocurrency markets, decentralized finance (DeFi), and centralized-decentralized finance (CeDeFi), along with BlackStar’s views on how registered securities could trade digitally under existing SEC and FINRA frameworks. Releases also discuss financing arrangements, debt-related transactions, operational funding challenges, and plans to obtain valuations of the company’s patent portfolio.
This news page aggregates these company-issued updates so readers can review BlackStar’s announcements about its blockchain patents, platform development, merchant banking intentions, and regulatory positioning in one place.
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BlackStar Enterprise Group (OTC PINK:BEGI) announced that its latest amendment to the Form S-1 registration statement has received limited comments from the SEC, which the company plans to address soon. This registration allows common shares held by certain stockholders under convertible promissory notes to be registered. BlackStar aims to pursue a relationship with alternative trading systems and broker-dealers to trade its shares on a blockchain platform. However, they caution that regulatory approvals may not be timely or guaranteed, and the BDTP platform remains non-functional and may never become operational.
BlackStar Enterprise Group (OTC PINK:BEGI) announced the unfortunate passing of CEO John Noble Harris on December 15, 2022. Following his departure, Joe Kurczodyna has been appointed as acting CEO. The company is focused on achieving SEC registration for its unique blockchain trading platform, BDTPTM, which aims to enhance trading security and visibility while addressing fraud in financial markets. The management feels optimistic about the ongoing developments and the potential impact of blockchain technology in transforming financial services.
BlackStar Enterprise Group, Inc. (OTC Pinks: BEGI) has amended its registration statement with the SEC to register 46 million shares of common stock, aimed at paying debt. The shares, underlying convertible notes, are for resale by noteholders and not publicly offered. CFO Joseph E. Kurczodyna noted delays in registration effectiveness due to the complexity of their blockchain-based trading platform. The platform aims to enhance transparency for OTC-traded stocks. The SEC is still reviewing the registration, which has not yet been deemed effective.
BlackStar Enterprise Group (OTCQB:BEGI) introduced a registration form on its website for public companies to express interest in a customized trading platform based on its proprietary BlackStar Digital Trading Platform™ (BDTP™). This initiative reinforces the company's efforts to expedite subscription service launches once BDTP™ is operational. BlackStar is finalizing the platform's user interface and is pursuing strategic partnerships with broker-dealers. The BDTP™ aims to facilitate digital trading of BEGI shares, integrating with established regulatory frameworks.
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