BlackStar Enterprise Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 11:41 am EST
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BlackStar Enterprise Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net loss was USD 0.772953 million compared to USD 0.425792 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
For the nine months, net loss was USD 1.81 million compared to USD 0.930944 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.02 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.