Blackstar Enterprise Group, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 08:54 pm
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BlackStar Enterprise Group, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net loss was USD 425,793 compared to USD 38,620 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.001 a year ago. For the nine months, net loss was USD 930,944 compared to USD 497,623 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.01 a year ago.
BlackStar Enterprise Group, Inc. is engaged in merchant banking and finance in the United States. The Company facilitates joint venture capital to early-stage revenue companies. It is also developing a blockchain-based software platform to trade electronic fungible shares of its common stock. It intends to offer consulting and regulatory compliance services to crypto-equity companies and blockchain entrepreneurs for securities, tax, and commodity issues. It is conducting ongoing analysis for opportunities in involvement in crypto-related ventures through its wholly owned subsidiary, Blockchain Equity Management Corp., (BEMC), mainly in the areas of blockchain and distributed ledger technologies (DLT). As a merchant bank, the Company intends to seek to provide access to capital for companies and is specifically seeking out ventures involved in DLT or blockchain. It intends to facilitate funding and management of DLT-involved companies through majority controlled joint ventures.
BLACKSTAR ENTERPRISE GROUP, INC. 
