Business
BlackStar Enterprise Group clarifies a news article dated August 1, 2022, by BizWest Media with the following release
BlackStar Enterprise Group clarifies a news article dated August 1, 2022, by BizWest Media with the following release.
About this update from Blackstar Enterprise Group, Inc.
[{"type":"text","content":"\n\n\n\nBlackStar Enterprise Group clarifies a news article dated August 1, 2022, by BizWest Media with the following release\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nBlackStar Enterprise Group clarifies a news article dated August 1, 2022, by BizWest Media with the following release\nPR Newswire\nBOULDER, Colo., Aug. 8, 2022\n\n\n\nBOULDER, Colo., Aug. 8, 2022 /PRNewswire/ -- BlackStar Enterprise Group, Inc. (OTC Pinks: BEGI) (the \"Company\" or \"BlackStar\") amended its registration statement on Monday, August 1, 2022, with the U.S. Securities and Exchange Commission. BlackStar intends to pay debt by registering 46 million shares of common stock at a price to be determined. The shares being registered are those underlying convertible notes and are being registered for resale by the listed noteholders; they are not being offered for sale to the public, as was indicated in the news article published by BizWest Media and Colorado Daily on August 1, 2022. BlackStar was not contacted by the news outlet for review or input at any point and has no connection, financial or otherwise, to the article's author, the publications, or the media companies.\nJoseph E. Kurczodyna, BlackStar's CFO, said \"BlackStar filed the registration in July 2021, but management feels a reason for the delay in its effectiveness is the complexity of describing the business concept involving a new trading platform using blockchain and its compatibility to operate within the broker dealer eco-system. Management believes the platform concept will be compliant with existing back-office operations after the registration becomes effective. Management intends to focus its efforts on locating an Alternative Trading System, Broker Dealer or Exchange to host and quote our platform.\"\nBlackStar is developing the BlackStar Digital Trading Platform TM, a peer-to-peer digital trading platform of electronic fungible shares based on the blockchain. The platform is intended to be licensed to public companies whose stock is traded over-the-counter. Companies that license the platform would have a customi...