Dear investors and partners of SkyWay Group of Companies!
SkyWay Group of Companies thanks the NEEW Consumer Community (formerly RSW Investment Group Ltd. under the brand Sky Way Invest Group – SWIG) for long-term and fruitful cooperation in the implementation of SkyWay technology.
At the same time please be advised that SkyWay Group of Companies terminates its cooperation with NEEW Consumer Community (formerly RSW Investment Group Ltd. under the brand name Sky Way Invest Group – SWIG), as well as with all legal entities associated with this company.
This decision by SkyWay Group of Companies is caused by the condition put forward by the management of NEEW (SWIG) for changing further cooperation and previously concluded agreement. The proposed change is that SWIG Investment Group will no longer convert SWIG’s liabilities into shares of Euroasian Rail SkyWay Systems Holding (ERSSH). The conversion procedure implies that each client and partner of SWIG group who received shares of ERSSH in any way was entered into the register of ERSSH shareholders. Accordingly, by refusing to convert, SWIG clients will not be included into the register of ERSSH shareholders and will have liabilities of a company that is not related to SkyWay Group of Companies, whereas SkyWay Group of Companies, in its turn, will not have information about individuals who have contributed to the development of the technology.
The conversion procedure is mandatory for SkyWay Group of Companies, and this is a fundamental condition, since only entering into the register of ERSSH shareholders is a proper confirmation of a particular person’s right to ERSSH shares.
Thus, the proposed frame of cooperation is utterly unacceptable for SkyWay Group of Companies, since it brings about unjustified reputational and legal risks.
SkyWay Group of Companies also informs all customers and partners of NEEW Consumer Community (RSW Investment Group Ltd., Sky Way Invest Group, SWIG) that every client and partner of SWIG group who received ERSSH shares in SWIG in any way before February 3, 2020 (the date of the last conversion of SWIG liabilities into ERSSH shares) is entered into the register of ERSSH shareholders and can receive an electronic extract from the specified register, as well as order production and delivery of a certificate confirming the right to ERSSH shares through SWIG personal account functionality.
We would like to point out separately that NEEW Consumer Community of (RSW Investment Group Ltd., Sky Way Invest Group, SWIG) as part of its internal investment activities (creation of a global investment portfolio called CRU) has acquired a share package in ERSSH. This share package cannot be re-issued to individuals and cannot be implemented within the NEEW Consumer Community. This package of shares is held in the assets of NEEW Consumer Community as well as other assets that NEEW Consumer Community has publicly declared.
At the same time, SkyWay Group of Companies meets the needs of NEEW Consumer Community clients and provides an opportunity to convert to those clients who have not yet been able to do so for some reason. You have this last option until March 15 of this year, if the management of NEEW Consumer Community decides to make such a conversion.
SkyWay Group of Companies warns that each client and partner of SWIG group who received ERSSH shares in any way after the date of the last conversion in SWIG will not be included into the register of ERSSH shareholders by the decision of SWIG management, and, accordingly, will not be able to confirm its right to ERSSH shares.
It should be also noted that this decision applies only to cooperation with NEEW Consumer Community (formerly RSW Investment Group Ltd. under the brand name Sky Way Invest Group – SWIG) and legal entities associated with it. Cooperation with other partners, including SWI Inc. (Sky Way Capital) continues on the same terms.
SkyWay Group of Companies cherishes all the investors and protects their rights and interests.
Management of SkyWay Group of Companies
Illustration by Edvard Munch
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