Skywealth Group Inc (PK) (SKWG) Quote

Don't understand why, but at least ole' Terence keeps filings current.

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.otcmarkets.com/otcapi/company/financial-report/392183/content

Must be a pretty slow moving boat. These guys are (physically) sitting in China. I check on it every once in a while, but I think I have lost all faith in this thing. But you know what they say, you don't lose until you sell. We'll see.

I had nothing to do with it...You cannot take pleasure in mocking and attacking other people that are losing money for you own personal gain....thats wrong. As far as you dd, you were accurate to this point, but it's mainly the companies fault in a very tricky market in crypto and hence the pivot. It will all work out...This is NOT OTC management team, that is what you missed.

Congrats. You boys at BOPO succeeded.
I have been banned for 2 months on that board. No biggie because it won’t trade until March anyways. Don’t worry, I will be buying some when it traded again for next pump.
Lol.
Sucks for you that I was 100% correct with that play and how it worked out. Oh well.

Hopefully soon..here is an email I asked about a month ago.

3 years later and $SKWG is STILL dead in the water!!!

December 29, 2023
OTC Markets Group, Inc.
304 Hudson Street, Third Floor
New York, New York 10013

RE: Attorney Letter with Respect to Adequate Current Information of Skywealth Group Inc. (the “Issuer”) for the year ended September 30, 2023

Back to being Pink Current.

Interestingly enough, still showing as a shell risk. Plus, website no longer working.

Can we please go higher now?

Supplemental Information Disclosure
to Report Change in Shell Status
Skywealth Group Inc
A Florida Corporation
2/F Connaught Harbourfront House
No. 35-36 Connaught Road West
Hong Kong
________________________________
+85293088120
timothylam@outlook.com

Skywealth Group, Inc. (the “Company”), a Florida corporation, is a publicly quoted issuer on
the OTC Markets Group, Inc. (the “OTC Markets”) trading platform and is classified as a Pink Sheets Alternative Reporting Company under the ticker symbol “SKWG.” The Company has previously been classified as a shell company.

As previously disclosed on the December 16 2022 Company press release, the Company was in the process of acquiring the BVI company Charming Limited which it then completed on 20 December 2022 (the “Acquisition”). The Company is now the sole owner of all of Charming Limited’s outstanding shares, making Charming Limited the Company’s wholly-owned subsidiary.
As of December 20, 2023, upon the completion of the Acquisition, the Company believes that it has ceased to be a shell company.

The designation of “shell company,” as defined in Rule 405 under the Securities Act of 1933
(see also SEC Release 33-8587), is determined by whether the entity has no or nominal
operations and no or nominal assets. More specifically, Rule 12b-2 of the Securities Exchange Act of 1934 defines a shell company as a company that has: 1. No or nominal operations; and 2. Either: i. No or nominal assets; ii. Assets consisting solely of cash and cash equivalents; or iii. Assets consisting of any amount of cash and cash equivalents and nominal other assets.

Thus, in order to be considered a shell, a company must have “no or nominal operations” and one of the other qualifications listed in part 2, such as “no or nominal assets.”

With the Acquisition, the Company is now operating an established management consultancy business with significant agreements in place. This business generates revenues from annual contracts with private companies providing management services.
We expect to continue generating revenues this year and to be profitable and cash flow positive. Accordingly, the Company hereby declares that it has ceased to be a Shell Company under Rule 12b-2.

CERTIFICATION:
I, Terence Chun Lung Ho, certify that:
1. I have reviewed this Supplemental Information Disclosure for Skywealth Group,
Inc.; and
2. Based on my knowledge, this disclosure statement does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements were made,
not misleading with respect to the information covered by this disclosure statement.
March 21, 2023
/s/ Terence Chun Lung Ho
Terence Chun Lung Ho, Acting CEO`

https://www.otcmarkets.com/otcapi/company/financial-report/361990/content

Been over 2 years since the RS and we're still DIW! A capital investment company that has ZERO capital or isn't even licensed to lend money!!! Another reason I refuse to even touch OTC Pink Stocks over a year ago!

Management of the Company is making efforts to raise additional funding until a registration statement relating to an equity
funding facility is in effect.
Note 9 – Subsequent events
In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial
statements were available to be issued, February 13, 2023, and has determined that it does not have any material subsequent events to disclose
in these financial statements.

Starting to show some life.

Wow - hopefully this will get the stock going.

https://sg.finance.yahoo.com/news/skywealth-financial-group-announces-launch-020000921.html

Skywealth Financial Group announces the launch of a real estate fund, deploying future investment strategies in the sluggish market
Skywealth Financial Group
30 October 2022·5-min read
HONG KONG SAR - Media OutReach - 31 October 2022 - Skywealth Financial Group announces the launch of a real estate fund, mainly investing in the Southeast Asian market. With the Hang Seng Index plummeting from 20,000 to 16,000, it is inevitable that the market raises concerns about a potential prolonged and devastating economic recession due to the epidemic. That said, the economy has yet to enter a hopeless territory on a macroscopic level. On one side, the Strong Dollar could be leveraged to capture exchange rate spreads by investing in other currencies. On the other side, triggered by the intensifying food and energy crises, inflation creates a huge room for appreciation of tangible assets. More importantly, amid the stock market downturn with rising interest rates, loads of high-quality land has been sold at discount, which is a great opportunity for investors to turn to the real estate market — high-yield real estate has also become the focus.

Looks like company is still waiting for equity fund advisor registration approval.
Management of the Company is making efforts to raise additional funding until a registration statement relating to an equity
funding facility is in effect.
https://www.otcmarkets.com/otcapi/company/financial-report/320232/content

Website still showing under construction! Wish these guys would say something...anything!!!
our website is currently under development. please check back for updates shortly.

No advertised progress from company. Website STILL shows a note that it is still under construction.

No advertised progress from company. Website still shows a note that it is under construction.

Website still under construction. No updates.

cant answer,, like i said, entire float on the bid. i really dont care,, holding this one , not going anywhere regardless. also will be adding on bid and ask sometime next month or so

So I don't get it - how come nobody wants to buy it and everyone wants to sell it?

Gotcha

i believe bid was 17,000+ ,,, we have 26k unrestricted shares and 17,259 held at DTC

it is possible because float is micro here. It can be bought up by anyone. Buyer had about $30k on bid for 16.5k shares roughly.

anyone can buy up to 5% of a public company without having to file or fill out paperwork.. no restrictions.

16K is the entire float?

I guess I did - how is that even possible?

$SKWG, please sell me ur shares!

I wonder why no ones selling then?

LOL, what? Seems like nonone cares about the chatter and speculation. 16k bid down there for entire float and many will be happy to buy any clowns giving freebies away

Guess u missed bid for entire float the other day? LOL!

Congratulations to the bold soul who stepped up and bought 1 shares.

Saw that a couple days ago. Absolutely nothing going on with this company right now. $1.8M of our investment money just sitting there in shares doing nothing. CEO sold his shares and bounced!!!

thanks rocket! cheers buddy.

FILING OUT...WE ALL MISSED IT: https://backend.otcmarkets.com/otcapi/company/financial-report/295834/content

Stick a fork in SKWG.

So have I

I'll try, maybe later though. I spent all of my spare change for now.

MM's playing games.

Try it agin at 4 and see what happens.....

This is ridiculous! I smack the ask as $3.50 for 215 and the SP goes down? What the hell is going on here?

Nice continuing to stack at the PPS as much as I know not slapping the ask won't make it go up. If folks are willing to sell at that price, I'll buy. Once I reach my golden #, I'll start slapping the ask.

That will come in time. For now i will accumulate

Just checked...got my 100 for the day!

No worries. I'm going to sit on the $7's again today.

Couldn't agree more.

Thanks for helping to carry the load.

This has great potential!!!!!

I was able to get some &7's yesterday and some $5's on Friday. Not really a concerted effort, but when ever I have funds left over after other plays, I drop 'em in $SKWG. Glad to see it's doing some good...especially from Friday thru yesterday! The ask will keep increasing, but that bid is another topic. We need something that will keep folks from bailing anytime the bid moves up.

That will be very useful.....

ill be back soon with plenty of cash to buy at least 10k

I could use some help.

Thanks

yep accumulation here, i still plan on gettin on bid
and hitting ask soon, just not today or this week

Who is the wise person offering at $8?????????????