This is an archive of past discussions about SkyWay Group. Do not edit the contents of this page. If you wish to start a new discussion or revive an old one, please do so on the current talk page.
It would be obviously better to use images of the deconstructed test-site in Ozyery (Moscow) or from the EchoTechnoPark in Belarus but reliable sources of either of these places is lacking. It would be possible, however, to include an image from a reliable source. I found two images in an Australian article that could be considered:
Problem with this image is that although it is fake, it actually looks real. We know it is fake because SkyWay has never actually implemented its technology in a real place above the ground. This is photo from the Australian SkyWay promotor Rod Hook.
Perhaps this image is better because it is obviously computer-generated. There may be problems with this because although it is used on a reputable and well-known Australian news sender, it's still SkyWay publicity photo. Maybe the accompanying text could say something like 'computer-generated image promoting SkyWay technology'.
These are to date the best images I've found in the references that are actually referred to in the articles. Any proposals would be appreciated. -Zachar Laskewicz (talk) 22:21, 21 March 2019 (UTC)
This image is from the article in Slovenian. It is also interesting. It includes an image of the ring leaders of the SkyWay Group (Yunitskiy - bottom left), a computer-generated image of the technology (top right) and an image from a SkyWay Group promotional meeting (bottom right). It is sourced to the writer of the Slovenian article, Matic Tomšič :
Problems with this image could be that although the photo top left is almost certainly Kudryashov (a ring leader connected in multiple verifiable sources to SkyWay Capital) the article that uses this photo doesn't actually refer specifically to him straight away. It does directly name Yunitskiy and refers to this photo, and the only other person it discusses further on in the article is Kudryashov.
This image is from the InnoTrans technology fair in Berlin 2018. See the original site here:[4] Although it is promotional material, at least it is clearly exactly what it proposes as it was actually viewed as merely a stall at an exhibition. It doesn't either judge the technology or mislead by presenting an illusion. Although it is SkyWay promotion, this article is about the company; it is also no more than it suggests. It is actually what they presented at a technology fair.
The obvious problem is that this is a static presentation of the technology. But it is, nonetheless, a real presentation at an internationally recognized event. Maybe an accompanying text could suggest "static model presented at the InnoTrans 2018 exhibition in Berlin by the SkyWay Group of its technology".
This image is from the SITCE international transport exhibition in Singapore 2018. You can view the original site here. [6]. It does look like the EcoTechnoPark in Belarus. You can see one of the other tracks in the background (there are apparently 3).
The possible advantages of this photo are that it could be of the Belarus site but this could propose problems too: it doesn't really actually say where the image is from on the original site.
Wherever this photo has been taken it clearly shows the model in move. The images from [101] look to be real and taken by independent publication. But there are more actual 227, 228, 229, 230, I think the editors won’t object. However it’s better to request them --George Marshal (talk) 14:18, 18 May 2019 (UTC).
Images 4 and 5 look good but I don't know too much about Wikipedia policy about images. These designs are patented and photos are probably copyrighted. By the way there was an image in "String Transpor" version of this article. Maybe it is better just revert it.Dron007 (talk) 05:55, 22 March 2019 (UTC)
@Dron007:The last time there were images was on this page from 16 February: [8] There was an unverified propaganda film with orchestral music of the Belarusian test site. This was removed for obvious reasons. The photo of the Ozyory site may have been removed because there were no verifiable sources for this test-site. I've made repeated attempts to find new verifiable references to this place to no avail. But they still use this image of the test site on the Norwegian page. I even asked them what their source was for this image and their information about the politician Lebed who provided the funding for this site. No one has replied yet. I think the best of the images I suggest is the one from the InnoTrans 2018 public transport exhibition. We just need policy information from someone who knows about these issues. Would we need permission to use it? Would we have to upload it first to commons and then use it? Advice on this from anyone appreciated. –Zachar Laskewicz (talk) 16:20, 22 March 2019 (UTC)
@Dron007:You're right, though. I checked the guidelines. These images are unusable because someone else could have the copyright to them AND they are of a patented product. You can refer to them on the talk page, however. Maybe we could use one of them if someone can get permission from the copyright owner (and SkyWay). The image uploaded to commons of the site in Ozyory is a Wikipedia image so we can use that one again if we can find a verifiable reference to this site. That shouldn't be too hard? If anyone has their own photo of one of the SkyWay vehicles or the stalls at the exhibition we may be able to use it if you upload it to commons. –Zachar Laskewicz (talk) 16:54, 23 March 2019 (UTC)
We can also use one of the photos from the Onliner.by or tut.by websites after getting permission from the photographer. Photos that are taken in a place which the public has access to can be considered under 'fair use' policy. I think no one wants to talk about the Ozyory site because they didn't actually build any cars for the track; they put a truck on it. It was just a site for testing of the tracks, and explains why this is all you can see in the Wikipedia photo. Here's an image of the truck: [9]
Considering the 'fair use' guidelines and the fact that this is an independent image taken in a public place, if we have permission this image could be uploaded to commons and included as an illustration for the 'EcoTechnoPark' test-site. This is the actual website where there are a lot of good images: [11]
I see no point in using the old photo of 2001 from the test site in the Ozyory. First, this photo refers to the technology, not to the company (in 2001 there was no SkyWay group). Secondly, if only this old photo is added, it will create the wrong impression among the readers of the article about the state of SkyWay technology for today. So I think we need to find a suitable photo from Innotrans 2018.Andrew-Postelniak (talk) 10:09, 24 March 2019 (UTC)
@Andrew-Postelniak:I like the photo from InnoTrans as well. I think the photo I used was actually taken by a Hungarian blogger (I found it there as well) or at least a photo similar to the one from the SkyWay website I showed above. We can use it if we have his permission. I'm waiting for permission from the TUT.BY Belarusian newsfeed for the EcoTechnoPark. There are no longer restrictions on the patent, it seems, so permission from the photographer is enough. I think if we can upload these two recent photos, we could include them in the 'testing' and 'marketing' sections. –Zachar Laskewicz (talk) 10:31, 24 March 2019 (UTC)
@Andrew-Postelniak:This is the image: [12] This is the page of the Hungarian blogger Horvath Gergely: [13]. I sent a mail to him to request his permission to upload this image to Wikipedia commons which we can then use with a text like "The SkyWay Unibus displayed at the InnoTrans exhibition in Berlin in 2018".–Zachar Laskewicz (talk) 11:06, 24 March 2019 (UTC)
SKYWAY PATENTS ARE NO LONGER VALID - Apparently the patents placed by Yunitskiy in Europe are no longer valid, so we have no restriction on using patented images. Here's the translation of an article in German about what has happened to Yunitskiy's 'SkyWay' patents: "The European Patent Office espacenet.com has 14 patents filed by Anatoly Yunitsky filed between 1996 and 2013. Unfortunately, these important patents are invalid because Anataloy Yunitsky has failed to pay the main fees or renewal fees. The request to settle the fees are partly already several years back. But if we assume that the patents are part of the company's assets and the investors are shareholders in the company, much of the company's assets are currently unsecured and any savvy businessman can take advantage of them.[14]
Again the same link to a wordpress blog that even cannot be opened. Please stop the WP:OR. BTW there is huge list of scientific publications and reliable proves http://yunitskiy.com/author/press.htm of the technology substantiality that should be mentioned next to the blaming only selection. They are really worth to dig deeply in and completely reedit the inappropriate troll contribution.--George Marshal (talk) 14:18, 18 May 2019 (UTC)
The Burrenblog link to the questioning of the Yunitskiy/SkyWay patent still opens fine for me. You can evaluate his contribution in your language of choice in the menu on the top-right of the page. Please provide an actual link to a verifiable source that describes this technology that is not by Yunitskiy himself. A single link to an actual reference is better than a thousand published by Yunitskiy who is obviously not a non-biased third party in all affairs relating to this company or the technology it promotes. If you think that trolls have influenced a single sentence in the article, you should tell us exactly what it is you disagree with. If the link to this article doesn't work, then just open the burrenblog homepage and type in 'SkyWay': you'll get a list of all the articles Arthur Van Burren has published about SkyWay. The Burrenblog articles now have an individual entry in the criticism heading. If you disagree with the contents of any of the articles you can bring your concerns up here. You'll also find individual links to each of these articles with a summary of their contents.Zachar (talk) 20:23, 18 May 2019 (UTC)
@Zaxander: Firstly, the link you specified [15] does not work (I cannot open it). Secondly, you confuse Yunitsky's patents and the patents of the SkyWay group of companies. The group of companies was established in 2013, and therefore it is obvious that it could not own any patents until 2013. In 2013, Yunitsky transferred all his intellectual property to this group of companies (he is the main owner). So now all patents are issued for a company from the group (depending on what is patented). And I also think that it is necessary to very carefully verify information of this kind, which can cause significant damage to the company's reputation, before making such statements that are not true.Andrew-Postelniak (talk) 13:07, 24 March 2019 (UTC)
@Andrew-Postelniak:I just communicated the information I found in the German article. It includes copies of the patents which it says are no longer valid. The German title for this article is "Skyway Patente obsolet – Patentgebühren oder Verlängerungsgebühren nicht bezahlt – Patente nicht gültig". You can find it on the Burrenblog which you can view here: [16]. You can type 'skyway' into the search field and all the SkyWay articles will appear. The intention was not to blacklist the company but to say that we apparently would be able to use images which displayed the patents because they were no longer valid. If you are correct then we may have difficulty using the InnoTrans photo I requested from the Hungarian Blogger. I just posted the translation; I didn't make these claims about the company. I'm enthusiastic to use the image of the trade fair but it has to be patent-free, it has to be of a public event and we have to have permission from the company. –Zachar Laskewicz (talk) 13:26, 24 March 2019 (UTC)
@Zaxander: I think we can use this image [17] in the article. The same image is also used in this article [18], so probably there is no copyright on it. Their website also states [19] that images cannot be used for commercial purposes but can be used "for the purposes of private study, research, criticism or review". Andrew-Postelniak (talk) 13:42, 24 March 2019 (UTC)
@Andrew-Postelniak:I got email permission from the Hungarian blogger to upload this image. I uploaded it to Wikipedia commons and I will include it in the marketing section. If there are problems people can always remove it but it's better to have an updated image than one that is outdated.
@Zaxander: No, maybe some patents are not longer valid but still they have new patents for design of their vehicles. I don't think it means that we are not allowed to use any photos though.Dron007 (talk) 05:21, 26 March 2019 (UTC)
Wikimedia Commons shows warning for the images that were uploaded. If you are claiming fair use for any of these images, they would need to be uploaded on Wikipedia as Wikimedia Commons only accepts free images. --CNMall41 (talk) 02:26, 25 March 2019 (UTC)
I sent the permission I received from the photographer to Wikimedia commons permission for the SkyWay InnoTrans Berlin photo. But even if they finally give permission, I'm perfectly happy with the new one; thanks for whoever found and/or uploaded this image. –Zachar Laskewicz (talk) 13:39, 25 March 2019 (UTC)
@Zaxander: I see that the photo of high-speed unibus has already been deleted by an administrator because the permission received by OTRS agents has been written incorrectly. Please note that the author of this photo has to provide a permission not for usage on Wikipedia/Commons, but declare a free license for his photo which allows anyone to reuse it for any purpose, including commercial purposes and creation of derivative works (see Commons:Licensing). For example, the Creative Commons Attribution 4.0 license is allowed here, but licenses with tags -NC and -ND aren't. You should ask him to add license information on his website on the same page where this photo is used, or send an e-mail with license declaration to OTRS himself (see e-mail templates). Also, there is no permission for another photo from tut.by. I doubt that this news agency would allow you to use their photo under the Creative Commons Attribution License, because their terms of use declare that you should not remove TUT.BY watermark from a picture. This term violates a principle of free modification and creation of derivative works, so this photo is not acceptable on Wiki without a special CC-BY permission from a photographer. 2A00:1FA0:4692:6076:35AC:A987:ADF4:6D05 (talk) 22:17, 25 March 2019 (UTC)
Please note: I got advice from Wikipedia commons on how to get permission for uploading the InnoTrans 2018 trade fair image but while I was requesting this information someone else posted another photo of the same event. I requested after that they delete the photo because the blogger who had given me permission to use it in Hungary started advising me to invest lots of money in SkyWay through him and I decided it would be too risky to send the special request form to him.
I've revieved image sources of files that have already been uploaded on Commons and noticed that you can take necessary images from the official SkyWay YouTube channel. Most of their videos are licensed under Creative Commons Attribution 4.0 License, which is fully acceptable on Wikipedia and Commons. It has a lot of videos from EcoTechnoPark and exhibitions, where you can make screenshots of rolling stock and test tracks and upload them to Commons. For example, here you can take a screenshot of a high-speed unibus U4-362, and there you can make photos of rail vehicles in technopark: [20], [21], [22], [23], [24]. You can find more of them if you search on this channel. Also, you can already use File:U4-621_test_ride_in_Marjina_Horka.webm which shows a prototype pod in motion. This video is licensed under CC-BY 4.0 and music is in a public domain. Also it doesn't contain any advertising or doubtful content like promotional or doubtful texts or speeches, so I don't see any problem with usage of this video in this article. 2A00:1FA0:4692:6076:35AC:A987:ADF4:6D05 (talk) 22:17, 25 March 2019 (UTC)
This is great advice. I think it would be misleading to include a film with orchestral music but there is nothing to stop us using a screenshot if what you say about the copyright here is true. The problem with using a film for the EcoTechnoPark is that it gives the impression that this place has received more coverage in the media than it actually has. I've been searching for months and I haven't been able to find any international anecdotal postings about this place let alone third-party scientific endorsement. There has been a recent translation of the onliner.by article in German, and I'm checking previous translations of this and the tut.by articles to collect published facts on the EcoTechnoPark. I'm currently working on trying to draft a couple of new sentences to extend the description of the EcoTechnoPark based on these verifiable references. After I've finished this and there is a workable text, I can try to tackled the problem of an image. Anyone else is welcome to try to post an image in the meantime but please don't post a film which has been downloaded from the SkyWay website then uploaded to commons even if you are allowed to do it. –Zachar Laskewicz (talk) 00:20, 26 March 2019 (UTC)
I uploaded 5 photos as recommended above by taking screenshots from the Wikipedia commons film. These photos, however, were recently removed. I don't know why. The original source was certainly mentioned and they were included for awhile as part of the Wikipedia commons images now viewable with a recent link from the SkyWay Group article page. I still have these screenshots, however, so if anyone wants to have an image of the EcoTechnoPark prototypes, please advise me how to do it correctly and I could always try again. Please don't place the SkyWay film as it is misleading and has inappropriate orchestral background music; if readers really want to see it they can view the film already uploaded to commons and now connected with a link to the SkyWay Group site.–Zachar Laskewicz (talk) 15:04, 29 March 2019 (UTC)
@Kmarinas86:These are great photos - thanks for posting them! Do you want us to chose one of them or do you really think we need two here? Thanks again for these new photos. -Zachar Laskewicz (talk) 10:53, 31 March 2019 (UTC)
Taken together, the pictures include all the "completed" tracks. If it were even possible to include all tracks in one picture while still being easy to see, then I would have had no problem just having one picture for it. talk2siNkarma86—Expert Sectioneer of Wikipedia 11:05, 31 March 2019 (UTC)
New video regarding SkyWay Group
SkyWay uploaded a video regarding their company structure, division of responsibilities, methods, and clarification of activities at http://rsw-systems.com/news/skyway-economy
(Note: For use by editors though not in the article itself per Wikipedia guidelines) talk2siNkarma86—Expert Sectioneer of Wikipedia 17:46, 15 March 2019 (UTC)
The primary function of this film is to claim that the SkyWay Group is not a Ponzi scheme. It describes how shell companies within the SkyGroup redistribute investment funds. It includes futuristic music, computer-generated animdations and flow charts cross-edited with films of the InnoTrans exhibition as well as the EcoTechnoPark in Belarus and the governmental summit in Dubai. It explains the offshore location of these companies in tax havens like the British Virgin Islands is to "save funds". This and other more irregular aspects of their financing are explained as being typical of all large Belarusian and international franchises like Wargaming and MacDonalds. It describes in great detail about how the company uses crowdfunding and multi-level marketing to fund their projects and suggests that this is typical of all companies in some stage of their history. They unsurprisingly come to the conclusion that the SkyWay Group is not a Ponzi scheme. This is actually a sleek and well-edited promotional film. –Zachar Laskewicz (talk) 23:53, 2 April 2019 (UTC)
@Zachar Laskewicz: Such reaction is classic trolling and harassment. The film contains no advertising, call t action, offer, promise or any other promotional trick. There is detailed clear explanation of structure of the group, investment scheme, attraction, raise, use and even total amounts of investments, report on what has already been developed, built, acquired. Being published on SkyWay website it can be considered as official announcement of the company --George Marshal (talk) 09:47, 18 May 2019 (UTC)
Yes, being published on the SkyWay website it can be considered a promotional film that doesn't actually prove anything about the technology or the company, and a YouTube film is unverifiable in and of itself. I went to the trouble of looking at this film and describing its contents so that other people wouldn't have to and I gave an honest summary of its contents, but anyone is welcome to view it themselves and make up their own mind about it. I certainly didn't suggest that there was trickery involved and I conceded that it was well-edited. If you think I missed something out in my summary, you are welcome to add to this discussion below. But if you do decide to view this film yourself, you can't consider this a 'clear explanation of structure of the company' since it was created by network marketers who are presenting a biased view to get people to invest in shell companies registered in BVI and Saint Lucia. Zachar (talk) 20:53, 18 May 2019 (UTC)
Film title: IS SKYWAY A PONZI SCHEME? The opening lines of the film are: "Is SkyWay a pyramid or not?" You're left wondering why they would make a film with such a title that directly implicates them as being involved in an investment scam. Probably because a sufficient amount of people are making these accusations and questioning why they have so many shell companies in offshore tax havens. Many verified references suggest that this company does redistribute the funds of investors who are encouraged and financially rewarded for attracting other people to invest [25] but these accusations are presently absent in the article. No one actually calls it a Ponzi scheme here. Zachar (talk) 21:26, 18 May 2019 (UTC)
SkyWay at trade shows and technology fairs
Include below information about all trade fairs where actual SkyWay technology had a stall of formally presented physical examples of vehicles. Information about the test site in Ozery, Moscow can be included in the already existing sub-heading above. Include below information about the 'Innotrans' trade fair or the Governmental summit in the UAE. Apparently there was also a presentation at a university in Indonesia. In the article in the future we should probably create a new heading for 'Technology proposals' or something similar. Please only include verifiable third-party assessments and not releases from either SkyWay or advertising from the trade fairs because we can't use them. You can just tell us when and where these events happened if you don't have the verifiable references. We want to know about them but extraneous links to them we can't use aren't really necessary. The individual entries below include the official EVENT title, WHEN the event was held, WHERE it was held and afterwards a description of WHAT actually took place with third-party assessments if you have found any.
-Zachar Laskewicz (talk) 21:37, 7 March 2019 (UTC)
InnoTrans 2016
EVENT: Innotrans 2016
WHEN - September 20-September 23
WHERE -Berlin Messe, Germany
WHAT - "SkyWay from Belarus is conducting research into innovative travelways. It is focusing on raised carriageways made of pre-stressed concrete, from which mass transit passenger cabins would be suspended, enabling trains to travel at similar speeds to those of aircraft... InnoTrans is the world’s leading trade fair for rail transport technology and takes place every two years in Berlin."
WHAT - "SkyWay String transport was widely discussed among transport specialists after the Smart Cities Expo in Delhi recently, where Yunitskiy made a presentation..."
WHAT - "His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, accompanied by Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, reviewed two models of the Sky Pods, a mobility system being tested by the @RTA_Dubai in conjunction with Skyway Greentech Co."
As of today the SkyWay Group is still selling 'pre-IPO' shares. See their website here for information about sale of this investment product: [26]. This is what they have so say about it:
IT IS ENVISAGED THAT THE SKYWAY EXCHANGE VALUE OF PRE-IPO EQUITY SHARES WILL EVENTUATE TO SHARES AT ONE TO ONE WHEN FIRST LISTED ON THE U.K. STOCK EXCHANGE AND WILL POSSIBLY BE VALUED AT A MINIMUM OF 1 U.K. POUND PER IPO SHARE
Please note this warning from the U.S. Securities and Exchange commission viewable here: [27]
"PRE-IPO investing involves buying a stake in a company before the company makes its initial public offering of securities. Many companies and stock promoters entice investors by promising an opportunity to make high returns by investing in a start-up enterprise at the ground floor level... But investing at the pre-IPO stage can involve significant risk for investors. And pre-IPO offerings targeted at the general public... are often fraudulent and illegal... Any company that wants to offer or sell securities to the public must either register the transaction with the SEC or meet an exemption. Otherwise the offering is illegal, and you may lose every penny you invest."
The investment products SkyWay is selling have not been registered anywhere with any officially recognized financial organization in any country. The pre-IPO securities offered by SkyWay are therefore illegal.
CONSOB, the Italian financial regulatory agency, refers to them as "gift certificates" but they are also known as 'convertible loan notes' or CLNs. It is a form of equity where investors are encouraged to 'lend' the company money by selling them these 'loan notes'. Because they can't offer shares to the public seeing that the company is not registered at any stock exchange, they tell the public that they can offer a 'pre-IPO shares' in the form of these gift certificates, promissory notes or CLNs which can be 'converted' after the company has "gone public" into real shares. They offer these 'virtual' shares at a discount and they base the value of these shares on the imagined sum of their intellectual property which they say is worth more four hundred billion dollars. CONSOB actually banned the advertisement and sale of this investment product in February 2018 because they were selling these gift certificates as if they were 'Education Investment Packages' which it marketed as 'EIPS' "without a shred of information". Here follows a translation of this warning, the original being viewable here [28]:
Translation of CONSOB SkyWay Warning - Resolution no. 20291 - February 2018
Prohibition, pursuant to art. 101, paragraph 4, lett. c), of d. lgs. n. 58/1998, advertising activity carried out through the website www.lucastefanelli.net concerning the public offering of shares of Skyway Invest Group
GIVEN the law n. 216 of 7 June 1974 and subsequent amendments and additions;
GIVEN the legislative decree n. 58 of 24 February 1998 and subsequent amendments and additions ("Tuf");
RECOGNIZED that, following the supervisory activity carried out by Consob, evidence was acquired that the company RSW Investment Group Ltd., operating under the trade name of Sky Way Invest Group and having its registered office in the British Virgin Islands, offers the users of their own website (www.skywayinvestgroup.com) the possibility of registering for a paid "investment training courses", receiving, against this registration, "gift certificates" that would give them the right to receive shares of the Euroasian company Rail Skyway Systems Ltd., on the occasion of its future IPO;
CONSIDERED that the real object of the offer is constituted by the shares and not by the training courses on investments;
NOTED that on the site www.skywayinvestgroup.com Sky Way Invest Group also promotes a network marketing program, defined as "an excellent opportunity to make an additional source of income", which provides for the recognition of commissions ranging between 1% and 15 % in favor of those who induce other subjects to join the initiative;
CONSIDERED that the company First SkyWay Invest Group Ltd., operating under the trade name of Skyway Capital and having its registered office in the British Virgin Islands, offers users of its website (www.skyway.capital) the possibility of purchasing shares in the Skyway company Capital Company, which, according to the aforementioned website, would guarantee, against an investment of 100 USD, a profit of 3,000 USD over a three-year period;
NOTED that the related initiatives are also promoted through the site www.lucastefanelli.net, apparently attributable to Mr. Luca Stefanelli;
NOTING, in particular, that on the site www.lucastefanelli.net the essential elements of the investment offered by Sky Way Invest Group are described and, specifically, the minimum amount to be paid for the purchase of shares ("very entry threshold low starting from 250 USD ") and the associated return prospects (" By purchasing a training package you get the company shares at a discounted price that is up to 500 times less than their nominal value. entry into the global transport market will result in capitalization close to 1000% or more ");and its address are not indicated, but only an e-mail address and a telephone number that was not active;
CONSIDERED, therefore, that the purchase of shares is promoted by Sky Way Invest Group, through the participants in its network marketing program, in standardized and uniform terms, thus placing the public of savers in a position to decide whether to buy them or not , thereby integrating the requirements of a public offering of financial products defined in art. 1, paragraph 1, lett. t), of the Consolidated Law on Finance as "any communication addressed to persons, in any form and by any means, who present sufficient information on the conditions of the offer and the financial products offered so as to place an investor able to decide to purchase or subscribe for such financial products, including placement through authorized parties ";
NOTING that within the site www.lucastefanelli.net the investment proposed by Sky Way Invest Group is presented in clearly acclaimed terms as a "very profitable opportunity" and with expressions such as to prompt a quick decision by the investor (" the sooner you become a partner of Sky Way, the better it will be for you ");
CONSIDERED, therefore, that Mr. Luca Stefanelli, through the site www.lucastefanelli.net, carries out advertising activities aimed at promoting adherence to the public offer promoted by Sky Way Invest Group;
NOTING, moreover, that the advertising activity is aimed at the public resident in Italy, as the contents of the site created by Mr. Luca Stefanelli are available exclusively in Italian;
RECOGNIZED that, in relation to the described offer, the related prospectus has not been published;
WHEREAS the art. 101 of the Consolidated Law on Finance establishes, in paragraph 1, that: "The documentation relating to any type of advertising concerning an offer is sent to Consob simultaneously with its dissemination" and, in paragraph 3, that: "The advertising is carried out according to the established criteria by Consob with regulation in accordance with the Community provisions and, in any case, having regard to the correctness of the information and its consistency with that contained in the prospectus, if it has already been published, or with that which must appear in the prospectus to be published ";
RECOGNIZED that in relation to this advertising activity no documentation has been sent to Consob, nor does it appear to have been performed in compliance with what established by Consob in its Issuer Regulation;
GIVEN the Resolution n. 20274 of 24 January 2018, with which CONSOB pursuant to art. 101, paragraph 4, lett. a) del Tuf has adopted the provision of precautionary suspension, for a period of ten days, of the advertising activity carried out through the website www.lucastefanelli.net concerning the offer to the public resident in Italy of shares of Sky Way Invest Group;
WHEREAS the addressee of the provision has not sent his observations regarding the facts underlying the suspension provision;
CONSIDERED, therefore, that in the light of the results of the investigations reported above and in the absence of evidence such as to lead to a different configuration with respect to that represented in the aforementioned suspension provision, the factual and legal circumstances found within the same shall be deemed to be established ;
CONSIDERED, therefore, ascertained - according to the methods described above, detected on the occasion of the adoption of the aforementioned suspension order - the carrying out of an advertising activity related to the public offering of financial products sub species of "financial instrument" in violation to the aforementioned legislation;
GIVEN the art. 101, paragraph 4, lett. c), of the Consolidated Law on Finance, on the basis of which Consob may "prohibit the further distribution of the advertisement, in the event of ascertained violation of the provisions or rules indicated in letters a) or b)";
R E S O L U T I O N:
Advertising activity carried out by Mr. Luca Stefanelli towards the public resident in Italy through the website www.lucastefanelli.net concerning the offer to the public resident in Italy of Sky Way Invest Group shares.
This resolution will be made known to the interested party and published in the Consob Bulletin.
An appeal to the Lazio Regional Administrative Court is allowed against this provision within 60 days from the date of communication.
7 February 2018
THE VICAR PRESIDENT
Anna Genovese
Convertible Loan Notes however are regulated and require registration by financial regulatory agencies. No single SkyWay Group company has published the required prospectus allowing them to negotiate CLNs with the general public which suggests the SkyWay Group are committing financial fraud when they "sell" these unregistered securities to the general public. From their website viewed 22 May 2019, they are still doing this.
In light of this information and awaiting advice from other users, the following text on this subject could be added to the 'marketing' heading. Please feel free to edit the text yourself or add any suggestions you may have under the text.
The SkyWay Group are still selling pre-IPO investment products[29] in the form of convertible bonds. According to the U.S. Securities and Exchange Commission pre-IPO offerings targeted at the general public "are often fraudulent and illegal" and any company that wants to sell securities to the public has to register.[SEC reference] No SkyWay Group company, however, has published the prospectus necessary to legally sell securities like these on the open market.
Multi-level marketing, also called pyramid or network marketing, is not illegal and claims are made all over the internet about SkyWay being a unique MLM investment opportunity. But this is only what companies in the SkyWay Group claim to encourage investment: how much of it is actually true? They also claim that the ‘Cryptocurrencies’ they are selling will earn them monthly dividends, i.e. it ascribes to buzz words characteristics that it does not have. I will argue that this is also true of any claims about association between MLM and SkyWay investment products. They are using the term MLM to refer to their own activities because it is legal but they are doing this to surround themselves with an aura of legitimacy. In fact, the SkyWay Group’s marketing is a type of Ponzi – a pyramid scheme which involves the redistribution of wealth to affiliate investors roped in to participate by those higher on the pyramid who have a vested interest in getting others to part with their money.
According to Wikipedia MLM companies derive their income from a non-salaried workforce selling the company’s products whereas earnings of the participants are derived from a pyramid-shaped commission. In other words, a company encourages salesmen to buy their products in bulk to start their own businesses. In addition to sale of the products these salespeople are rewarded financially for encouraging others to become sales people under them, hence the pyramid associations. Herbalife and Amway are typical examples of this with a controversial history where less-informed participants are encouraged at motivated sales and recruitment meetings to invest in starter packages to sell to friends and family. But SkyWay does not have a ‘product’ and therefore it cannot really be called an MLM company.
Anatoly Yunitskiy, however, is using plausible deniability to distance himself from the financial practices he has delegated to others. He encourages gullible governments by presenting his technology at exhibitions and sales fairs. After he has awoken interest in his projects through promises of free feasibility studies (see Dharamshala project) for projects and unique research opportunities (see the UGM MoU in Indonesia) that will not cost them anything, he gets government and institutions to sign investment agreements and MoUs which are not actually contracts that oblige no one to do anything. They take lots of photos and use this to help their canvassing network worldwide. They also get locals to invest in the project. People invest in his company and unwittingly end up sending money to offshore locations. Yunitskiy’s companies collect the money; they pay Yunitskiy and the other people at the top of the pyramid a hefty wage; these executives travel around the world and stay at five-class hotels attending recruitment meetings and giving sales lectures. Members of the public create problems when they complain to regulatory agencies who in turn release warnings, but the pattern is clear: immediately on signs of regulatory warnings, the mother company freezes the activity of its affiliates and they move to the next destination where the same process occurs again. They keep the money, and move their operations somewhere else. This pattern has repeated itself in Lithuania, India, Indonesia and Italy. But Yunitskiy himself distances himself from the funding which he himself initiated and directs from the central location in Belarus by making claims like the following:
”Me? I just make flying choo-choo. If someone scam using company name and happen to give me money, is not my problem.”[30]
Regulatory agencies have warned the public that that SkyWay could be a scam and that it has the characteristics of a pyramid scheme. They don’t actually accuse the company of being an MLM company. Confusing the activities of SkyWay with an MLM company is just misleading as they have no product. I have found no proof that SkyWay has registered the securities it is selling. And to repeat it here: CLNs, gift certificates and promissory loan notes are all registered securities that require the company to have a prospectus registered with the financial regulatory agency in the country in which the company is selling its investment products. The evidence is clear: SkyWay is illegally selling investment products as part of an elaborate financial pyramid scheme where investors are rewarded for roping in other investors. They have not registered anywhere to sell these investment products and are therefore committing financial fraud. They may use some of these funds for an uncertified demonstration park in Belarus but this is all part of the scam to provide the project with an aura of legitimacy.
We should call a spade a spade: include SkyWay as a pyramid scheme: a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products. The activities of the SkyWay Group certainly has a lot more in common with a pyramid scheme than it does multi-level marketing. What do you think? Please post any verified references you find proving or suggesting alternatives to this suggestion below.
Zachar (talk) 10:14, 26 May 2019 (UTC)Zachar (talk) 10:41, 26 May 2019 (UTC)
MLMs are inherently inefficient compared to conventional retail due to serious overhead costs (i.e. too many people "running" the business). Thus the products they sell have to be hyped in such a way that lower cost alternatives are downplayed. Most products marketed as "exclusive" in MLM aren't that special, even the patented products which they often tout.
That people are getting kickbacks for marketing products isn't the problem. There are many affiliate programs out there that compensate people for attracting business, and while most forms of compensation are not multilevel, the compensation can increase the more people are encouraged to join. With MLMs however, the compensation tends to grow geometrically with the addition of recruits. Therefore, a person who recruits twice as many people is likely to make more than twice the money. This type of compensation does not promise a rate of return on a deposit. When revenue declines, the MLM can make adjustments reducing the compensation. However, if they reduce the compensation too much, they may significantly affect their ability to retain customers, reducing revenue even more. It may lead to downward spiral which may bankrupt the MLM. One way the MLMs "save" money is by off-loading some expenses, especially inventory expenses. This delays the moment that they become bankrupt. They do so at the expense of their customers, who pay the cost externality of the product.
Nowadays it is possible in some MLMs for "distributors" to avoid having to physically handle inventory by referring their downline to an MLM-owned online shopping website where they can shop for goods with markups set by the recruiter (Note: Amway does this now).
A Ponzi Scheme also promises AND pays out geometrically increasing returns, however what it lacks is flexibility in setting lower compensation (i.e. less flexible than an MLM) and/or a value proposition (where often the "value proposition" is simply a promised return on investment). It also sets fewer barriers for its customers to earn this "compensation", so for the most part, the income is unearned, which means few levers for the Ponzi Schemer to pull in attempt to reign in the cost of compensating their "investors".
The primary "Sin of MLMs" is that it is an inherently inefficient model of retail with a tendency to cover up its inefficiency by off-loading financial risk to its "customers".
The primary "Sin of Ponzi Schemes" is the inflexible and unsustainable payout to "investors" combined with the general lack of actual value generated to justify said payout.
Now about SkyWay. SkyWay spends tens millions of dollars on employing hundreds of people and building out new infrastructure. Infrastructure is inherently long term, so as an investment it cannot profit for many years. As a comparative example, Amazon is heavy on infrastructure and was already a public company for years before it turned a profit. In contrast, SkyWay intends to make a profit before it goes on a public stock exchange and is adamant that it will pay dividends to its investors. A good percentage of the money that is received by the SkyWay Group goes to their research and development expenses. Such expenses are an essential prerequiste in producing something novel of value.
A similarly good percentage of the money goes to compensating people who market shares of the company for purchase. However, unlike consumer goods which are replenished over time, there is currently a fixed supply of company shares of SkyWay. As more shares are "bought" the supply of "unbought" shares generally decreases. At the same time, increasing numbers of people become interested in SkyWay. The changes to the discounts on shares were planned in advance and were made to coincide with progression through each one of the 15 stages of development as outlined in their business plan. Each progression to the next stage of development implies that the company has performed some of the activities that are essential to developing and marketing its infrastructure technology - string transport. According to SkyWay, progression to a new stage implies a drop in risk which naturally justifies a reduction of the discount on shares. Before, SkyWay shares were available for less than a penny each. Nowadays, SkyWay shares are generally sold for more than a penny each. Unlike the majority of consumer goods sold by MLM which are inherently depreciating in their nature, SkyWay shares can in principle increase in "value" geometrically as they represent ownership of SkyWay itself. However, in SkyWay, this "value" cannot be cashed in as the money is not just not thrown into a vault. The money is invested into research, development, and marketing. Currently, SkyWay investors are almost never given the chance to sell their shares.
SkyWay Capital and SkyWay Invest Group buy shares from SkyWay Holdings at bulk discounts, and these shares are "resold" to individuals and legal entities at lower discounts. The difference in the discounts is used to pay for the expenses of these companies, as well as to pay compensation to those people who are marketing the SkyWay shares and/or the companies' in-house products (such as SWIG's Cryptounits).
So, with a very big asterisk, you could say that SkyWay Capital and SkyWay Invest Group are MLM companies. However, the mechanics of the businesses are so different and novel, that they propose that "multilevel crowdinvesting" be added to our vocabulary, while dismissing the notion that their business model should be grouped under the categories of MLM or Ponzi Scheme. The most important distinction is that SkyWay Capital and SkyWay Invest Group are marketing products which in principle can in the future evolve into formally registered securities - securities that could grow in value over time. SkyWay companies clearly believe that investing is the prerogative of individuals regardless of their socioeconomic background, and they are adamant in attracting investors from all countries to support the establishment of string transport. They and their investors clearly believe in the value proposition offered by SkyWay and that what it is developing will become a paradigm shift in transport.
Evaluating a SkyWay company or any other company is not as simple as looking at the kinds of kickbacks received by their customers and investors. Doing so may account for some major Liabilities of a company, but doing only such an analysis ignores the value of the Assets of the company. The fundamental equation in Accounting is Assets equals Liabilities plus Equity. If SkyWay succeeds, then its Asset value will be able to rise faster than its Liabilities and certainly faster than cash received by its investors. The outcome will determine the writing of history. If SkyWay succeeds, and SkyWay string transport is built all over the planet, then it was never a Ponzi Scheme. This is a case of "the future determines the past", not the other way around. The exact status is therefore a matter of speculation for those who cannot estimate reasonable values of the asset items of the SkyWay Group, or for those who are not aware of what those assets even are.
In my opinion, each person seriously claiming to make such an evaluation as it applies to SkyWay Group should simultaneously have an engineering, financial, accounting, and entreprenuership background, or otherwise regularly consult people who can sufficiently obtain and communicate the information relevant to making said evaluation. Those evaluators who fail to demonstrate those competencies need not have their opinion taken seriously by me nor by others.
The value of the assets of the company? You mean the 400 hundred billion dollars that SkyWay has valued itself at being worth? Or the assets the company supposedly has to pay out monthly dividends on the sale of its cryptocurrencies?[31]Zachar (talk) 11:08, 27 May 2019 (UTC)
"SkyWay Group of Companies has already been assessed at $ 5 billion by the market, since the shares with a total face value of $ 400 billion are bought in the market by thousands of investors at a discount of 80 or less. By the way, this assessment of my intellectual property in the amount of 400 billion dollars was made not by Belarusian Yunitskiy, as the Internet- flea market “Onliner” wrote, but by an independent appraisal company that has international licenses for the right to assess intellectual property and exclusive rights to know-how." — rsw-systems.com.
Here are the copies of the independent valuation by Холд-Инвест-Аудит (http://www.hi-audit.ru/):
REPORT №О-905 ON MARKET VALUE ASSESSMENT OF EXCLUSIVE INTELLECTUAL PROPERTY AND KNOW-HOW RIGHTS ON THE “STRING-AND-RAIL TRANSPORTATION SYSTEM OF ENGINEER YUNITSKIY” — Russian — English
Please check the Onliner.by source before quoting what Yunitskiy himself says about the Sidorovich articles who he unsuccessfully sued for libel. The article "I leech from pyramid schemes..." provides the following detailed information about the questionable nature of the 'Moscow consultancy firm' and this 'independent' assessment (which has been corroborated by no one except Yunitskiy and co, but questioned by many as to providing the valid reasons for a company's value):
At the same time, the "shares" of investors are in fact unsecured, since the estimate of $ 400 billion (that's how much Anatoly Yunitsky's intellectual property is estimated) is virtual. In fact, there is a report on a specific Moscow accounting and consulting firm that estimated in 2013 the exclusive intellectual property and know-how "Yunitsky Railway String System" to $ 400 billion. If you look at this report (original document available), the $ 400 billion sum is made up of the sums of assets in more than 100 countries. More interesting. In order to achieve an assessment of the assets in a given country, it is necessary that the technology of the cable transport occupy one quarter of the market of each country. Considering that the string transport does not actually exist at the moment, the actual value of these intangibles is zero," said attorney Sergei Zikratsky.
I appreciate your input on MLM companies and your extended discussion on this topic helps prove that 'MLM' is indeed an inappropriate term to describe this company. It is unlikely that SkyWay will be built anywhere because it has not been tested officially by accredited organisations.
They have allocated land and they claim to have started construction of a 'test-site' facility at the SkyWay Innovation Park in Sharjah but I still have not found independent confirmation of this construction. Photos and videos unfortunately can't be used to confirm this but as soon as there is independent confirmation we can extend the sarticle with this information about this test site. I actually included this information about the signing of the Sharjah contract and the pre-allocation of the land in the article (from a single reference about it translated from French); there must be more proof of this contract and the construction there. Please post these links below. It is clear that they have 'test-sites' planned but I fear because the vehicles are uncertified and the trackes untested by independently accredited organisations in Belarus it will be a long while before they will be transporting UAE-citizens. Zachar (talk) 22:14, 27 May 2019 (UTC)
The pattern of getting politicians interested at technological fairs, signing MoUs and taking lots of photos, canvassing investment from small investors in the new country, freezing the operations when financial regulatory agencies release warnings and skipping the country with the money afterwards, is fairly clear. You also don't explain the illegal sale of unregistered securities: SkyWay is not permitted to sell its pre-IPO assets until it has registered them by publishing the necessary prospectus. Nothing you say about my qualifications as an engineer will change this until you provide actual references proving that SkyWay has the necessary prospectus to legally sell its securities to the general public. I fear it doesn't, but would be gladly proved wrong in this case. Please provide real references to a source which suggests SkyWay has attained the requirement to legally sell its securities in any of the many countries it is operating. Zachar (talk) 11:08, 27 May 2019 (UTC)
THE QUESTION BEING ASKED HERE IS AS FOLLOWS: considering that this company is not permitted to sell its securities to the general public anywhere - most certainly not in Belarus and nowhere else either - is the self-valuation of these unregistered securities relevant to this discussion? I fear it is not because even if the company is worth something in the future, the gift certificates/promissory notes/CLNs they currently sell are entirely unregistered by a stock exchange and have only the value that SkyWay determines itself. Please prove me wrong by demonstrating in a source not self-published by SkyWay, that the investment products they are selling have any actual value. A primary source self-published by a Russian audit agency doesn't prove anything and has been questioned by verified references already used in the article. If the only way anyone can prove that this company is worthy anything is through self-published sources like a report by the Moscow consultancy firm and SkyWay websites, I fear that the definition of SkyWay as a pyramid scheme is justified. We can also only use accepted descriptive terminology, not terms invented by SkyWay to describe their own investment products like 'multi-level crowdinvesting'.Zachar (talk) 23:01, 27 May 2019 (UTC)
A pyramid scheme is considered a type of Ponzi scheme or a variation of it; they are both types of financial fraud involving redistribution of wealth to other investors, although in the case of the pyramid scheme investors are encouraged with financial rewards to attract new investors who in turn are encouraged to get new investors hence the shape of a pyramid. Verified articles which comment upon the financial pyramid nature of the SkyWay empire include the Russian article from the Volga News online service in Samara "Samarans are being dragged into a 'high-tech' financial pyramid" (1 May 2017). You can view the original here, but you can uncollapse a complete translation of the article in the 'Criticism' heading above: [32]. In the Crimea a similar article was published on the popular news portal PRIMECHANIYA.RU critical of the pyramid structure of SkyWay investment. Its title translates to "To the singing of strings: has a new pyramid come to Sevastopol?" (4 July 2017) and you can view the original here: [33]. There is also the Onliner.by article "I leech from financial pyramids..." viewable here: [34]. You can read a translation of this article here in your language of choice in the menu on the top right: [35]. Finally, this year after new complaints were registered in Belgium the FSMA rereleased its warning ON 17 MAY 2019 where they warn that SkyWay Capital "exhibits the characteristics of a pyramid scheme".[36]. The article in Business Insider Italia argues for calling SkyWay investment a Ponzi scheme and it is possible for a Ponzi scheme to use aspects of the pyramid: [37] Please note that Pyramid schemes "may purport to sell a product, but they often simply use the product to hide their pyramid structure".[38] While some people call MLMs in general "pyramid selling" others use the term to denote an illegal pyramid scheme masquerading as an MLM. In inventing a new name for its investment which it calls "MLM crowdinvesting" SkyWay and its apologists are doing exactly this. There are enough published articles attesting to the the pyramid nature of the SkyWay investment scheme and the lack of registration of their investment products means that whether or not the company is actually ever worth anything is irrelevant since the investment products have not been registered officially anywhere as required by law. Zachar (talk) 09:25, 28 May 2019 (UTC)
On the basis of this research I propose we add the following text to the overview:
...It has also been documented that this company makes unsupported claims about their negotiations to encourage investment and that the SkyWay Group shows clear characteristics of a pyramid scheme.[39][40][41][42]...
PLEASE NOTE that the SkyWay Group disclaimer make the following statement in small-print about the reliability of their self-assessment:
The Company has included its own estimates, assessments, adjustments and judgments in preparing certain market information herein, which have not been verified by an independent third party. [43]
Any claims people make about independent third-party assessments are therefore meaningless as the SkyWay Group disclaims any liability resulting from such claims. Please stop posting this information about the validity of the value of their intellectual property if SkyWay disclaims them anyway.
Unverified claims removed from the article
The following unverified claims were posted to the article by an unregistered user. They were removed from the article as they were entirely unsupported by any references. If these claims, however, are true and there are verified references which can be checked, include them below:
There are currently more than 800 people working actively with the SkyWay in Belarus and in U.A.E. These people are engineers, disainers, architects, project managers etc.
The company uses the most hich tech technologies for designing and building the tracks, houses and modules (veichles) named Unibike, Unicar, Unibus, Unilet which can carry and transport passangers from 1 to hundreds at the same time with speeds currently tested at around 100 km/h.
The Skyway group of companies have multiple buildings for manufactory and development.
There is currently active work going on in Sharjah, U.A.E where the first 400 m track will be done possibly already in following months and will be folowed by multiple 2.5 km tracks to test the speeds up to 150 km/h for Unibuses and Unibikes as well as sea container transports.
Request for updated information on the EcoTechnoPark in Marjina Horka
Request for updated information in a verified source on the EcoTechnoPark. Three unverified changes to the article were removed because they reference self-published SkyWay promotion. But if there are 6 tracks then there should be references commenting on this. Please post references we can check for verifiability below. Please note that we can't use self-published sources to Yunitskiy's personal website or SkyWay website which functions as promotion and whose verifiability has been consistently questioned.
-Zachar (talk) 15:38, 29 May 2019 (UTC)
This is one of the texts that was removed because it referenced the site www.yunitskiy.com: "In April 2019, 5 track structures have been built in the EcoTechnoPark with 6th under completion." I can unfortunately find no confirmation of these 6 tracks in a verified source. Even if this statement is true, it needs to be verified by a source which is not Yunitskiy himself. -Zachar (talk) 18:25, 30 May 2019 (UTC)
This is the other text about the EcoTechnoPark that was removed from the testing section:
In December 2017 certificates of compliance were issued for 2 models of SkyWay rolling stock: unibus U4-210 and unibike U4-621. The certificates were issued by LLC “Scientific-technical center of Scientific Research Institute Gorelectrotransport” having a corresponding accreditation at the Ministry of Transport of the Russian Federation.
It is about certification supposedly issued by the company "ZAO NIIGET" and it references the website "niiget99.ru". See this reference by Arthur Van Burren on a debunking of this certification agency which was actually dissolved in 2016. According to the Van Burrenblog, this certification is meaningless: [44]. In 18 August 2018 Onliner,by published an article "Is it an April Fool's Day Joke..." where the attempts of Yunitskiy to have his own park officially recognized to test itself. The Belarusian National Science Academy rejected his application and advised that the park be tested by an independently accredited the body. In August 2018, such testing had not been held. See a complete translation of this article viewable by uncollapsing the "Onliner.by - claims and controversies" heading and uncollapsing in turn the article itself. This is what the Onliner.by article relates about the assessment of the respected Belarusian NAS:
"For a long time, Anatoly Yunitsky dreamed of enlisting the support of Belarusian scientific organizations. Thus, in 2016 and 2017, scientists visited the proving ground in Marjina Horka: experts from the National Academy of Sciences of Belarus studied the possibilities and feasibility of implementing this project. Last year, academics cautiously spoke about the unproven viability of SkyWay and the need to conduct a detailed independent examination involving the National Academy of Sciences... it turns out that no more scientific studies of the project were carried out."[45]
They further relate information about the attempts of Yunitskiy to be recognized as a scientific organization to accredit his own technology. This organization rejected his application. This is what they have to say about it:
"At the NAS, they explained to us that String Technologies CJSC, in fact, submitted documents in which they tried to substantiate a certain 'contribution to science and the socio-economic development of the country'. Apparently, the contribution was not very weighty: 'According to the results of the majority of votes, the commission decided to refuse accreditation for the status of a scientific organization'.”
Furthermore the following text was removed as it quotes a SkyWay promotion website: "In 2017, a board of experts from the Moscow State University of Railway Engineering released another statement about the technology, in which SkyWay was found to be 'innovative and capable to compete with railway and automobile transport'." Professor Zylev is quoted as follows in the August 2018 Onliner.by article:
"I think that our institute will make a very big mistake if it takes this case under its wing and oversees it, takes responsibility for the decisions that have been made there. Because all this is absolutely unviable,"[46]
Maybe there are other professors at the MSUoRE (MIIT) who officially released a different opinion? Unfortunately if they did I can't find it. If this is true, however, then a reference to a verified source to prove this has to be used, not a SkyWay promotion website.
Self-published SkyWay information on the certification posted by Kmarinas86
In 2017, SkyWay stated, "The Certificates were issued by LLC “Scientific-technical center of Scientific Research Institute Gorelectrotransport” having a corresponding accreditation at the Ministry of Transport of the Russian Federation. Each certificate confirms the compliance with the normative requirements for complete sets of rolling stock equipment including: traction drive, control system, energy storage unit, microclimate system, fire extinguishing system, frame of traction module in assembly with chassis, passenger module."
In 2016, the prior year, SkyWay stated, "The Scientific Technical Center under the Research Institute Gorelektrotransport is the only entity on the territory of Russia and the entire Сustoms Union of the Eurasian Economic Union accredited to proceed with works on certification of rolling stock for urban electric transport. The main objectives of NTC are to carry out works on certification of companies in the sector, methodological support of processes to create and update normative documents, analyze and produce methods and procedures for technical inspections of urban surface electric transport, arrange and test new types of rolling stock, which includes all varieties of SkyWay vehicles."
It has been observed that the list of companies above is unsupported by references. The intention here is to keep a record of the current companies that are active in the SkyWay empire, with a list of verified references that confirms information about the company such as where it is registered, what it does and who works for it. The following list contains major companies and fundraisers, even those registered in offshore location and shell companies as they are all associated with the mother company. Brief information about where the company is registered, the people who are associated with it, what its primary function is, and primarily how it is referred to in the verified references. This discussion should help keep the company ‘infobox’ up-to-date with the current list of subsidiary companies that have not been dissolved. This can be considered a work in progress.
Please note that many references attest to the existence of "UniSky Corporation" which they claim has ownership of GTI and other companies in the SkyWay Group. Although it is mentioned by SkyWay as being incorporated in the Seychelles, I can find no actual proof that this company exists. Please help by providing references that are not self-published by SkyWay that attest to the existence of this company or in fact any other companies in the SkyWay Group.
СТРУННЫЕ ТЕХНОЛОГИИ ЗАО
Romanized name: “STRUNNYE TECHNOLOGII ZAO” [“String Technologies JSC”]
Registered in Minsk, Belarus (2015)
Anatoly Yunitskiy is the company director and 10% shareholder. The company GTI (BVI) is 90% shareholder.
This can be seen as the mother company. It is the only SkyWay company registered in Belarus that has been documented in multiple verified references.
This company is documented as signing the pre-order contracts.[47]
In the following reference Yunitskiy's wife Nadezda Kosareva is listed as the company director: [48]
It has been documented that this company attempted to get itself certified as a scientific organization by the Belarusian Academy of Science [NAS]; this application was rejected.[49]
EUROASIAN RAIL SKYWAY SYSTEMS HOLDING LIMITED (ERSSH)
Euroasian Rail Skyway Systems Ltd. (London, 2013-2015)
Euroasian Rail Skyway Systems Holding Limited (BVI, 2015) [50]
Euroasian Rail Skyway Systems Holding II Limited (BVI, 2016) [51]
Euroasian Rail Skyway Systems Holding III Limited (BVI, 2018) [52]
A number of different companies have belonged to this group.
Euroasian Rail Skyway Systems Ltd. Is actually a different firm that was registered in London. The company “Rail Skyway Systems Ltd.” - registered in Lithuania - was investigated by the FNTT in 2014 for the illegal distribution of shares of this company.[53]. It was dissolved, however, on 13 October 2015.[54]. You can view this company’s ‘Certificate of Incorporation of a Private Limited Company’ here; [55]. In this document it is stated clearly that the two initial shareholders of the company are “Global Transport Investments Inc.” and Anatoly Yunitskiy. Nadezhda Kosareva – Yunitskiy’s wife – signed for GTI. After this company was dissolved, they didn't stop selling shares. They just moved their operations to the British Virgin Islands.
The Bank of Lithuania warning issued 23 August 2014 particularly notes that the company "Euroasian Rail Skyway Systems Ltd, registered in Great Britain, was publicly offering its securities without necessary permits in Lithuania". [56]
It seems that other companies in the SkyWay Group have offered for sale the shares of these shell companies and this is the name that appears on ‘share certificates’ which no SkyWay company is permitted to sell to you and which have a value which has been questioned by regulatory agencies around the world. You can see copies of these share certificates for “Euroasian Rail SkyWay Systems Holding Limited” company in this TUT.BY verified reference: [57]. Here is one of the images they published of these company shares: [58].
This company is presently registered at the address 19 Waterfront Drive, P.O. Box 3540, Road Town, Tortola VG1110, BVI. You can read information about the Memorandum of Association via the following link: [59]. The registered agent of this company is ‘Totalserve Trust Company Limited’. UniSky Corporation – another SkyWay Group shell company registered in the Seychelles – is associated with this company. Although UniSky is mentioned in the Memorandum of Association and SkyWay refer to this company all across their webistes, I can find no actual proof that it actually exists.
‘Euroasian Rail Skyway Systems Holding Limited’ is actually the only company to have an ISIN registered in the BVI: VGG322291094. The actual validity of a BVI ISIN has been disputed. Having it does not actually permit the company to sell anyone securities.[60]
In Greece, the HCMC (Greek financial regulatory agency) issued a warning about the SkyWay Group. It identified “Euroasian Rail Skyway Systems Holding II Ltd.” as on the Skyway companies.[61]
-Zachar (talk) 19:31, 3 June 2019 (UTC)
FIRST SKYWAY INVEST GROUP LIMITED
Registered in London (2014)
Evgenii Kudriashov is registered as the current company director.[62]
Registered office address: Suite 3095 Great Russell Street, London, UK.[63]
The last registered document was a confirmation statement registered 17 December 2018. [64]
It has been suggested that this is a shell company like other companies with a director who lives in Belarus but a post-office box in London. It has been struck of at least twice but the company manages to get itself put back on the register.[65] Typically companies are threatened with being struck off if they do not submit an annual confirmation statement.[66]
Evgenii Kudriashov is associated with SkyWay Capital. He is also the director of SkyWay Capital Inc. In the Belgian FSMA warning First Skyway Invest Group Limited is also referred to as ‘Skyway Capital’.[67]
GLOBAL TRANSPORT INVESTMENTS INC. (GTI)
Registered in the British Virgin Islands (2015)
This company owns both the intellectual property of Yunitskiy’s SkyWay technology and the mother company ‘ZAO Strunnye Technologii’. According to SkyWay contracts, “the company’s purpose is to create and provide a conducive environment to strategic investors”.[68]
In April 2017 GTI became involved in a scandal involving offshore corruption schemes. A list was released of representatives of foreign organizations presented on the site of the Ministry of Foreign Affairs. GTI was included in that list. [69]
Yunitskiy himself is documented as being evasive to avoid having to explain how or why the intellectual property of this company was transferred to this offshore company when he was questioned about it in the Belarusian courts.[70]
SKYWAY CAPITAL INC. (SWC)
Registered in Saint Lucia (2018)
This company is run from a centralized location in Minsk, Belarus.
Skyway Capital Inc. functions to raise funds for SkyWay Group projects.
Evgeny Kudryashov is the company director. Despite this company having the domain name of its company’s website registered in London, Kudryashov lives and works in Belarus.[71] He is pictured in YouTube films interviewing Anatoly Yunitskiy. [72]
Kudryashov is documented with a history in network marketing. [73] This history involved him in the following internet scams: MMCIS, Forex trend or CenterReklama.[74]
Skyway Capital has been implicated in many of the regulatory warnings. The warning issued by the FSMA on 22 September 2017 warns about the activities of “First SkyWay Invest Group Limited” which was offering its shares to Belgian investors illegally; they shorten the name to “SkyWay Capital”. [75]
The recent German warning from BaFin warns specifically about the missing sales prospectus of ‘Skyway Capital Inc.’ which it states is registered in Saint Lucia. [76]
SkyWay Capital has been documented making unrealistic claims about the value of the shares it is marketing. As of today (2 June 2019) “you can purchase company shares at a discount up to a hundred times their potential face value”. The company is still claiming that it has signed more than $164 billion dollars in pre-order contracts. It claims that in investing in SkyWay capital you will become a “co-owner of all the technology”. [77]
The company has been repeatedly called out for selling pieces of paper that have no actual value. By investing in SkyWay Capital investment products, you don’t actually end up owning anything more than the piece of paper that SkyWay tells you has value. You should check, however, with your national financial regulatory agency to see if SkyWay Capital has published a legally-required prospectus. If they haven’t then anything SkyWay Capital sells you is completely worthless.
Also before investing in SkyWay Capital you should read the company disclaimer. You can view it here: [78]. You should note the following:
SkyWay Capital states that marketing information “bas been prepared by the company based on their own estimates, assumptions, adjustment and judgements that have not been verified by independent third parties”;
The company is not responsible for you losing your money;
The company does not intend to register its securities and it is therefore illegal here in the U.S.- it is further illegal to sell SkyWay Capital stocks in Russia, Australia, Canada or Japan;
It disclaims itself from any ‘forward-looking’ statements it makes in its publicity which it admits are based on unknown assumptions about the future.
Registered in London (2015) – previously known as “Global Skypark Ltd.”
Armands Murnieks and Margarita Sevastjanova are registered as the company directors.[80] Shares have been transferred between Anatoly Yunitskiy and Armands Murnieks. [81]
This company functions to raise funds for SkyWay Group projects.
On various sites claims are made that Andrei Khovratov is the CEO of the SWIG companies, although these claims have been disputed. [82].
Andrei Khovratov also claims to be director of the company "RSW Investment Group Ltd." registered in the British Virgin Islands. He signs documents using a company stamp with the company registration number 1387608. The following document shows the supposed registration of a shareholder in Italy: [83]. I can find no proof that this company actually exists external to SkyWay promotion sites. This company information is also included at this reference in relation to the registration of a location in the Ukraine: [84].
Yunitskiy distances himself from the way companies like this collect money for him by making statements like “if someone scam using company name and happen to give me money, is not my problem”. [85]. He nonetheless invented the technology these companies are promoting, takes money they collect and is a shareholder of these companies.
SWIG presents itself as global consortium of some kind which sells products like Education Investment Packages (EIPs) and CryptoUnits (CRU) to small investors which it promotes at recruitment and sales meetings held at various places around the world. [86].
This is how the company describes itself:
“SWIG is the trademark of the company that combines educational and investment projects. The company provides education on the topics of personal finance use, investment portfolio organization, personal development, basics of management and marketing. In addition to education the company set the goal of popularizing the idea of an environmentally friendly and safe transport and convey the advantages of string transport implementation to people worldwide. Our mission is to get 15% of the population in regions where SkyWay technology is present to become the company’s investors and achieve quality education in the fields of personal and financial development.” [87]Zachar (talk) 16:41, 2 June 2019 (UTC)
The SkyWay Group - INTERNATIONAL SUBSIDIARIES
The intention of this list is to collect proof that the subsidiary companies registered in foreign countries actually exist and are associated with the mother company. The list above was criticized for not having any references; we can improve that. This heading can be considered a work in progress and can help verify the contents of the Company Infobox in the article.
-Zachar (talk) 11:27, 4 June 2019 (UTC)
This company has an official registration in London and is directed by the same person involved with other SkyWay shell companies: Armands Murniecks. But Murniecks is only the director of the company. GTI and Anatoly Yunitskiy are the major shareholders of the company as demonstrated in this documentation: [89]
It has been observed that this company has been involved with insider trading relating to non-existent U.K. projects such as a SkyWay project connecting London and Thurso in Scotland.[90]. All the local agencies were contacted in the places which would be affected by a SkyWay route. None of them replied with information concerning any planned collaboration with SkyWay or any of its associates, neither the mother company nor 'Global Transnet UK ltd.'. The fact that the Russian mother company negotiated with a subsidiary who is owned by companies in the SkyWay Group, including Yunitskiy as an actual shareholder, demonstrates insider trading.
PT SKYWAY TECHNOLOGIES INDONESIA
Registered in Jakarta, Indonesia (September 2017) [91]
Madinatul Fadihlah is registered as the company director.
SkyWay had a stall at the 'Railway Tech Indonesia 2017' trade fair in April 2017.[92]
The company "PT Skyway Technologies Indonesia" was set up in September 2017.
They wasted no time negotiating with universities and private companies to realize imaginary SkyWay projects and encourage research all around Indonesia.
In September 2017 a Memorandum of Understanding was signed with the University of Indonesia to build on campus 'sky trains'.[93]
They negotiated with PT Jorong Port Development company in Kalimantan to build a project there, and with the MII (the Indonesian Infrastructure Society) . A Memorandum of Understanding was signed in Jakarta in September 2017.[94].
The SkyWay Group claim on their website to have undertaken negotiations as part of the 'desa emas' (golden village) program to develop a project in Dasun village, Rembang district. SkyWay claim that they signed a Memorandum of Understanding in October 2018. They self-publish an article with photos and claim that this was published by the Indonesian news portal Merdeka.com. I haven't been able to find any proof that these negotiations took place and this article is not traceable to a verified news source.[95]
In February 2018 they negotiated with the Gadjah Mada University in Yogya to promote research and innovation in the field of transportation.[96] This is actually where the director of the company studied. The Memorandum of Understanding elaborated on scholarship opportunities for the students and the director of the University was happy for the additional opportunities underprivileged students could attain. Of course, an MoU doesn't actually oblige anyone to do anything, and the director Pantun shouldn't have expected anything but disappointment. There is no proof that a single rupiah was paid to a single student as part of any scholarship or research program.
Opportunities were taken at these events to make publicity for SkyWay projects and local newspapers and news portals published information about these events to promote investment from Indonesian citiziens. These articles included commentary like the following:
Also included is a unique scheme of transportation infrastructure financing in the style of SkyWay Technologies that allows people to actively participate.[97]
These were photo opportunities for free publicity to promote investment; they never actually intended to realize any of these projects. But who could turn down the free opportunity to have their photos taken signing a meaningless document, seeing it didn't cost them anything and could lead to future collaboration of some kind? They should've known better. Shameless advantage was taken of this free publicity to promote this company to Indonesian small investors at home who didn't know any better.
Indonesian citizens complained to the OJK (Indonesian financial regulatory agency) and in March 2018 they added Skyway Capital to its forbidden companies list [98] and released a warning about the activities of "PT Skyway Technologies Indonesia" [99]. It's actually a positive testament to a functioning financial regulatory agency; the OJK didn't waste any time issuing their warning and they may have saved a lot of gullible Indonesians from wasting their money.
Cold comfort, however, for the Indonesians who actually lost their money. The mother company in Belarus froze the further activities of its subsidiary in Indonesia.[100] Apparently "word had spread that there were a number of Multi Level Marketing (MLM) individuals who sold investment products on behalf of PT SkyWay Technologies Indonesia". And to protect themselves from prosecution the mother company stopped its activities in May 2018. According to SkyWay pubicity, their company director had published defamatory information about the company and exploited Indonesians.[101] There are no articles, however, that would suggest the company did anything that was not done already by SkyWay as part of its activities in other parts of the world and there are certainly no articles suggesting that the company director defamed the company. Another reason given was the negotiations in Dubai.[102] This means they took the money from investors, protected themselves from legal action, and moved on to their next destination.
Anatoly Yunitskiy is registered as the director of this company.[104]
This company was founded in Vilnius, Lithuania in March 2014.
SKYWAY GREENTECH COMPANY (UAE)
According to Skyway the "Skyway Greentech Company" is a subsidiary of GTI that "will operate in the territory of the UAE on behalf of the SkyWay project".[105]. This company has been mentioned in many secondary sources but I can find no actual proof that this company has been registered anywhere officially. This is a request for verified references on the registration of this company.
–Zachar (talk) 21:41, 4 June 2019 (UTC)
SKY WAY TRANSPORT AUSTRALIA PTY LTD
According to a number of secondary sources, this company was founded by Rod Hook in Adelaide to spruik SkyWay technology in Australia. Some references suggest that Anatoly Yunitskiy and Rod Hook formed this company together. We need, however, primary sources that certify that this company actually exists and when exactly it was registered to do business. This is a request for sources that attest to the registration of this company.
-Zachar (talk) 21:46, 4 June 2019 (UTC)
You can see company registration information via the ASIC website: [106]
TECHNOPOLIS INTEGRATED NIGERIA LIMITED
According to their own website, this company is the official partner of the Skyway Invest Group (SWIG).[107] I can't however find any actual proof, even primary sources, that this company really exists. It has to exist outside the context of its own website. If no one can published verified information about this company, I suggest we remove it from the infobox. This is, therefore, a request for verified primary or secondary sources on the existence of this company as the partner of SWIG in Nigeria.
-Zachar (talk) 21:33, 4 June 2019 (UTC)
The secondary sources attesting to the presence of SkyWay don't mention this company.[108][109] I have removed this company from the infobox until we have further proof that this company actually exists and SkyWay is indeed working with them.
Sharjah Innovation Center - request for verified sources
In October 2018 SkyWay negotiated with a private company and 25 hectares of land was pre-allocated to build a test site which SkyWay would use to test its own facilities.
They made various promises about this test center and widely published information about the building site. It was used to justify their new "CryptoUnits", an investment product that was supposed to resemble some type of cryptocurrency, at events held all around the world including New Zealand, Belgium and the Netherlands.
They claimed that work would be complete on the first test line in the period April-May 2019. On 29 May 2019, according to the SkyWay website, they postponed construction at this site and they did not set a new date.[110]
This is a request for secondary sources that mention either the test site or help to explain why they have postponed construction.
Zachar (talk) 13:41, 17 June 2019 (UTC)
What postponement of construction?
Regarding the recent edits, it is clear there is a misunderstanding.
Where in the article does it say that construction is postponed? Keep in mind postponement of construction by definition means that said construction is not happening at all though it may resume later. Postponement of construction is not the same as the postponement of the announcementof the completion of construction. The article is really saying the latter. talk2siNkarma86—Expert Sectioneer of Wikipedia 15:23, 17 June 2019 (UTC)
Keep in mind that the "launch date" that SkyWay has postponed is the day of the media event (day of the announcement) where they are to show the first completed line in SWIC. talk2siNkarma86—Expert Sectioneer of Wikipedia 15:38, 17 June 2019 (UTC)
Unfortunately whatever SkyWay claims about the "Sharjah Inovation Center" self-testing initiative is irrelevant to this article until a secondary source mentions it. There's no point quibbling over what self-published information means since we can't use it anyway! Zachar (talk) 16:36, 17 June 2019 (UTC)
Change introduction
I propose to amend the first sentence of the article, based on the rules of WP:NPOV, WP:NOT, WP:5P: SkyWay Group is a collective term used to refer to a group of companies owned by Belarusian design engineer Anatoly Yunitsky.
Thanks for this suggestion. Unfortunately there is a mistake here. Yunitskiy is not the 'owner' of these companies. He is one of the shareholders of a number of the companies in the SkyWay Group, but not all of them. He invented the technology and is purported to be the figurehead behind business decisions which resulted in the problematic funding apparatus behind companies like the SWIG and SWC after partnering with Khovratov and Kudryashov, but his actual role remains speculation until we have a verified resource which comments definitively on Yunitskiy's exact role in the Skyway Group. -Zachar (talk) 15:21, 27 June 2019 (UTC)
Yunitskiy is already listed as a shareholder, a director and inventor of the technology in the overview. I wanted to include his name in the lede text as well, and I tried to on a number of occasions, but it was not successful. I completely approve of the idea of including Yunitskiy's name in the 'lede' as well, I'm just not sure how without repetition of text which is important to the overview. -Zachar (talk) 15:04, 28 June 2019 (UTC)
UPD: I offer a more complete and accurate introduction:
SkyWay Group companies are registered in London, Minsk, St. Lucia and the Virgin Islands, "Euroasian Rail Skyway Systems Holding Ltd.", "First SkyWay Invest Group Limited" and "Global Transport Investment Inc." These companies attract potential investors all over the world to develop their technology called SkyWay (or String Transport). Financial regulators in some countries have warned the public about the risks of investing in SkyWay Group's infrastructure projects. Thanks, Derehosrescalo (talk) 12:28, 27 June 2019 (UTC)
" SkyWay Group companies are registered in London, Minsk, St. Lucia and the Virgin Islands, "Euroasian Rail Skyway Systems Holding Ltd.", "First SkyWay Invest Group Limited" and "Global Transport Investment Inc." "
This suggestion doesn't actually make any sense. It suggests that that these are the only companies in the SkyWay Group. They are not. You also don't mention that the company is run from a central location in Belarus. Do you disagree with the conclusion drawn from verified references that the company is run from a central location? If you do please provide verified references that support this claim. The companies listed are the names of the shell companies and at present they are only registered as such. With this suggestion you could easily get the idea that these companies actually 'are' the SkyWay Group when they are most certainly only the registered business names used to funnel funds to shell companies in offshore locations. –Zachar (talk) 15:35, 27 June 2019 (UTC)
These are the main companies, there are more reliable links than those that led. The investment memorandum says nothing about small companies. Derehosrescalo (talk) 14:09, 28 June 2019 (UTC)
GTI is a shell company registered in the BVI which owns the intellectual property of Yunitskiy that they claim is worth 400 hundred billion dollars. ERSSH is also registered in the BVI and refers to a group a shell companies for which the company (illegally) purports to sell shares. The First Skyway Invest Group Limited is a company registered in London but associated with Skyway Capital which is directed by Kudriashov but which is run from wherever he lives and not London. These are just the registered business names of SkyWay Group shell companies operated in offshore locations. Just listing these names and not mentioning the mother company based in Belarus (ZAO Strunnye Technologii) is clearly misleading. I'll check the references to see if I can find better ones. Your suggestions here are welcome. But which investment memorandum are you referring to? If you are referring to a SkyWay contract, we can't consider it for an encyclopedia article because it is clearly biased, unpublished and a primary source. –Zachar (talk) 15:19, 28 June 2019 (UTC)
These are the main companies mentioned in the investment memorandum, and the investment memorandum is the official document on the basis of which the company operates, this is a reliable source. There is nothing about small fundraising companies. A lot of your sources, as you say, do not even have an English version, and you suggest that you believe in words. - I believe that the official registration authorities and investment memorandum is a more reliable source. Derehosrescalo (talk) 16:02, 28 June 2019 (UTC)
A document Skyway publishes about its own companies is not a reliable source. Neither are press releases from regulatory agencies. Secondary sources which mention the regulatory warnings, however, are used in the article. Please include a link to this 'investment memorandum' that you believe is reliable. If it is an officially recognized document like a copy of legislation or the transcript of a court-case, please include also secondary references which confirm the contents of the primary source. It doesn't matter if these documents are in English or Russian, as long as they are from a verified source. –Zachar (talk) 16:38, 28 June 2019 (UTC)
If you want to talk about the central company, which you call ZAO String Technologies, it would not have been wiser to name the article - String Technologies. But as I see it before your editing it was called. Speaking of sources, you are also wrong. You put forward sources on companies references to secondary sources of Belarusian media, with which the company had conflicts and courts, so they can not claim to be neutral. But references to the registration authorities confirm the existence of real companies. Which, as an investment memorandum, are the constituent documents stored in archives and which are the best confirmation of this proposal. The memorandum has a scheme of the company's work there and it is just said about the SkyWay group - but this is not a legal or any other term, it is a unifying word. So to speak about the center is not necessary. But eating real companies and structure, registration of which we can check. The following links [111][112][113][114]. Derehosrescalo (talk) 18:53, 30 June 2019 (UTC)
These memorandums are primary sources and cannot be used as the basis for changes to the article: legal documents about companies registered in London and the BVI can only mean as much as the regulatory warnings and have to be verified by secondary sources. The company 'Skyway Group Limited' is not even a SkyWay Company and is further unconnected to the SkyWay Group of this article. I agree, SkyWay Group is not a company name and is not necessarily a good title for the article about companies in the SkyWay Group. −Zachar (talk) 21:28, 30 June 2019 (UTC)
" These companies attract potential investors all over the world to develop their technology called SkyWay (or String Transport). "
This is not really a viable alternative to the sentence already in use which currently suggests that these companies "are seeking". Attract is just an inappropriate alternative as it suggests that the companies are passively attracting the investmen. Perhaps we could word this better as this not the only thing SkyWay Group companies do. It has been documented that there are companies in the SkyWay Group which have been founded for non-profit functions, as fund-raisers, as holding companies, to fight legal battles and also specifically to seek investment. But to suggest that they just passively 'atract' investment but don't play an active role in this process is misleading. It has been documented in many verified sources that they are actively employing staff members to canvas investment from small investors with boiler rooms of telemarketers and a dedicated staff of network marketers who design and share misinformation about the company. –Zachar (talk) 16:14, 27 June 2019 (UTC)
What does the opinion of the MIIT have to with attracting investors? This purported conclusion of the MIIT has been discussed and rejected on multiple occasions. See the archives for this discussion, but if you really think it should be considered again, please start a new discussion below with your references for editors to check (again) for verifiability. Still, it has nothing to do with the company attracted investors. –Zachar (talk) 15:26, 28 June 2019 (UTC)
Attraction by means of the MLM network system is not a violation, as Richard Branson joined the space tourism program at the final stage, and most of the work was done in attracting public investment, but Branson is not a fraud. The fact that the technology is not viable is the conclusion of the MIIT, which suggests a potential implementation. And the opinions of individuals are not a reliable source. As I found in the investment memorandum, funds are associated with the company, the activities of which are not regulated by the management of the company. Therefore, it is impossible to talk about attracting someone to attract small investors by the management company. This is the work of funds. Derehosrescalo (talk) 16:02, 28 June 2019 (UTC)
Here's a suggestion of more accurate wording for this sentence:
It has been documented that companies in the SkyWay Group seek potential investors all over the world for development of its technology called SkyWay (or String Transport).
You are talking about shell companies. What does this term mean and how applicable is it to official investment funds? Or, in your opinion, all those who register in the offshore zone are fake and criminal. Maybe Trump is a criminal? Derehosrescalo (talk) 18:56, 30 June 2019 (UTC)
Shell companies are companies that are registered purely for the purpose of an address and to be able to open a merchant bank account for the white-washing of funds raised somewhere else. SkyWay companies that are registered in the British Virgin Islands and Saint Lucia are examples of this because they have no dealings in these countries, i.e. they do not sell their investment products to citizens of these countries. No one is suggesting, however, that they are doing anything wrong by establishing these companies. They are, however, committing fraud because they are selling investment products they have not registered legally anywhere in the world to sell, neither in their home country or the offshore locations. I'd like to repeat here that having an ISIN number does not mean a company has the legitimate right to sell their investment products to the general public. On its own, company registration doesn't mean anything. They need to publish the legally required prospectus and register their securities before selling them to the general public of ANY civilized country. Please provide proof that SkyWay has done this before changing the text of the article. –Zachar (talk) 21:50, 30 June 2019 (UTC)
" Financial regulators in some countries have warned the public about the risks of investing in SkyWay Group's infrastructure projects."
This doesn't seem to me to be a good faith suggestion at all. It is also no longer accurate. Belgium, the Czech Republic, Estonia, Greece, New Zealand and Slovakia are some of the countries that have released warnings about the activities of companies in the SkyWay Group. But Italy and more recently Germany have done more than just release 'warnings'; they actually have prohibited against SkyWay companies which has resulted in websites being taken down and the advertisement of SkyWay Investment Products and the sale of shares to the public being banned.
You will need authoritative sources for what you said. The official warning means only the desire of central banks to relieve themselves of excess responsibility (“we warned you”...) and cannot be a confirmation that the company is in bad faith. Derehosrescalo (talk) 14:09, 28 June 2019 (UTC)
I can only confirm here that secondary sources are used for each of the financial regulatory agency warnings. As it is the lede text does not suggest that SkyWay is acting in bad faith, just that the public have been warned about the activities of SkyWay companies by regulatory agencies which is a reflection of the many primary and secondary sources each which mention in detail these regulatory warnings and prohibitions. The text is at present "The public has been warned by financial regulators about risky investments in SkyWay Group infrastructure projects." This is not an opinion but is a valid reflection of secondary sources which comment upon the warnings released by financial regulatory agencies. That central banks only do this "to relieve themselves of excess responsibility" is clearly a personal opinion. Note also that 'warnings' is no longer sufficient since Italy and Germany have both prohibited against SkyWay which has resulted in websites being taken down and the banning of the sale and advertisement of SkyWay investment products. This is more than a warning. –Zachar (talk) 16:10, 28 June 2019 (UTC)
the document which is published by the company, which is signed by the management and registered - is not only reliable, but the only true primary source. Moreover, when preparing materials, a part of your "reliable sources" uses a memorandum for their publications. Especially have a PDF version of this document. Derehosrescalo (talk) 18:57, 30 June 2019 (UTC)
No a document which is signed by the management and registered is meaningless on its own. You are entirely mistaken to suggest that primary sources or PDF documents have any meaning on their own without confirmation in secondary sources just because they are signed by SkyWay management and registered at a companies house in London or the British Virgin Islands or anywhere else for that matter. Why? Because anyone can go and register a company in these locations by paying a nominal fee. That London and the BVI are particularly notorious because it is so easy for just anyone to set up shell companies speaks for itself. I could go and do it tomorrow if I wanted; I'd just fill in a form, pay the money and they would publish this information on a website. It doesn't mean anything. –Zachar (talk) 21:50, 30 June 2019 (UTC)
The point here is that all the countries that have released warnings and prohibitions haven't just "warned the public about the risks of investing in Skyway". They've said, among other things, that it is illegal to sell their investment products as they haven't published the prospectus required by law, that some of these companies exhibit characteristics of a pyramid scheme and that they could be involved in a scam. –Zachar (talk) 16:14, 27 June 2019 (UTC)
Need more authoritative sources + need neutral users who not affiliated with theme (over the past six months, you have already made more than half a thousand edits, and all your weighty edits are negative in nature, this indicates your interest. But I don't understand your interest). Derehosrescalo (talk) 14:09, 28 June 2019 (UTC)
The more users who contribute to this page, the better. Please note the extended discussions of the regulatory warnings and the care that has been taken to ensure that the wording is neutral and that only warnings are mentioned that include secondary references and not only the regulatory agency press releases. Remember that you are attempting to rewrite the 'lead' text which is defined in the WP manual of style as "an introduction to the article and a summary of its most important contents" [115]. Please note that you haven't actually mentioned any of the 'authoritative' sources you think we should use, or which (if any) of the more than 80 verified articles already used as references are unreliable. If you want to change the 'lede' text please include a detailed list of the more authorized sources we should summarize. –Zachar (talk) 15:49, 28 June 2019 (UTC)
Your words regarding fraud are not confirmed by anything, there is not a single court order or a decision of the controlling body. But what you wrote about disabling the site in the state domain is a logical decision, since there is no license in the state, but there is no ban on deposits. That says only about the regulatory warning. Oh there, that this is something more than just a warning - your personal speculation, no need to take it into account. Derehosrescalo (talk) 18:59, 30 June 2019 (UTC)
When the financial regulatory agency of any given country prohibits against the activities of a company, they actively prohibit the company from selling its wares to the general public. In the example of Italy, they actually took down websites and banned the sale and advertisement of investment products to Italians. This is confirmed by multiple secondary sources already listed below and in the article. There is a big difference between a warning and a prohibition: the former is just a notice to the citizens of a country that a given company has behaved suspiciously. A prohibition means something entirely different and it can have actual consequences for the company. How has SkyWay consistently responded to such warnings and prohibitions? It goes to a company house in an offshore location and registers a new company of course. This is why registration at a companies house is so meaningless: it is so easy to do. But it helps to explain why there are so many offshore companies like 'Euroasian Rail Skyway Systems Holding I, II & III Ltd.'
Since the first link in the introduction does not prove your statement, my wording, without the approval of the center, is more accurate. Therefore, I do not understand why, after our discussion, you canceled my edits. Such behavior as editor is unacceptable. The article is in the public domain, and any user can edit, you are not an administrator. Derehosrescalo (talk) 14:14, 5 July 2019 (UTC)
I didn't actually undo your 'edits' because there was only one. Unfortunately there is a big problem with the changes you made to the opening sentence and I was forced to return the article to how it was before you made this (single) change. After your change the sentence read SkyWay Group companies are registered in London, Minsk, St. Lucia and the Virgin Islands, "ERSSH Ltd.", "FSIG" and "GTI Inc." Further, this sentence no longer defines what the 'SkyWay Group' is, namely a term that is used to refer to a group of companies. It longer describes what the SkyWay Group is referring to and is entirely misleading. This sentence as you posted it no longer made any sense and is grammatically incorrect with a comma separating two sub-sentences that are further unrelated to one another. There may be problems with the lede text, but attempting to change them by making the sentence refer to something entirely different and not obey the grammatical or syntactical rules of English is not the way to solve these problems. Zachar (talk) 18:16, 5 July 2019 (UTC)
SkyWay Group was established in Belarus: suggested clarification in opening sentence
The Tut.by article states that there is an office complex in Minsk from where the SkyWay company is managed. This reference doesn't actually state that the company is centralized there.
The first sentence of the Onliner.by reference "I leech from pyramid schemes..." (viewable here [116]) states that Skyway was established in Belarus. This article details the network marketers who work for Yunitskiy at a central location. It should also be noted that the Onliner.by article includes the names of many of the SkyWay Group companies, including each of those mentioned in the lede text. Here is what it has to say about them:
Существует огромное количество компаний, заявляющих о реализации проекта SkyWay. Вот только некоторые из них: ЗАО «Струнные технологии», Global Transport Investment Inc., Euroasian Rail Skyway Systems Holding LTD, UniSky Corporation, ЗАО «Юнибус», ООО «Евраз Транснет», ООО «Струнный Транспорт Юницкого», фонд Sky Way Capital, фонд Sky way invest group.
There are a huge number of companies claiming to implement the SkyWay project. Here are just a few of them: ZAO "Strunnye Technologii", Global Transport Investment Inc., Euroasian Rail Skyway Systems Holding LTD, UniSky Corporation, Unibus CJSC, Evraz Transnet LLC, String Transport Unitsky LLC, "Sky Way Capital" fund, "Sky Way Invest Group" fund.
In light of the TUT.BY and ONLINER.BY references, it would be more accurate to change the opening sentence as follows:
SkyWay Group is a term used to refer to a group of companies established in Belarus,[1] operated from an office complex in Minsk[2] but registered under business names including...
Alternatively, you could remove the reference to the office complex in Minsk as suggested by the user Derehosrescalo. As the company is founded there and its staff members live and work in Belarus, it seems to me important to mention the fact that it is a Belarusian company. This is confirmed in many other verified references.
This is just a suggestion. If you have a better idea please propose it below.
References
^Cite error: The named reference onliner11september2017 was invoked but never defined (see the help page).
Its about link (ref 1): Now "String Technologies" is funded by investments of the founder - a foreign company Global Transport Investments. The paid authorized capital of the Belarusian company, according to its data, is more than 5 billion Belarusian rubles. Read more: https://42.tut.by/464466 - this source says that the Belarusian company, which you call the center, is funded by the founder - a foreign company Global Transport Investments. Thus, Global Transport Investments is above “Than string technologies”. Therefore, this link is not acceptable for your approval. In addition, it is obsolete. The article was published in 2015, when there was no construction object. Polygon in Marina Gorka did not exist. Now this article does not reflect reality, the proving ground in Marina Gorka is functioning and an annual event-report on the work done by EcoFest is held on its territory. The second object of this type is built in the UAE. Therefore, the link can not be objective. Moreover, the information is filed in Russian, and may not be available in the original to the majority of users of the English-language Wikipedia. Derehosrescalo (talk) 14:12, 5 July 2019 (UTC)
A translation of each of the TUT.BY articles is included above. The article you are referring to from 15 September 2015 is called На "дорогу будущего" под Марьиной Горкой (15 September 2015) On the “road of the future” near Marjina Horka. Any English-speaking reader can check the translation of the original article above by uncollapsing 'TUT.BY' under the heading 'Criticism'. This article discusses the company 'Strunnye Technologii ZAO' which is registered in Minsk, Belarus. Ermachenok visited the office complex in Minsk and this is what she had to say:
"TUT.BY spent one day in the office of the company 'Strunnye Technologii ZAO', trying to understand when we can ride on the transport of a new generation and why the project has such a controversial reputation... The office of 'Strunnye Technologii ZAO' occupies several floors in one of the Minsk business centers."
They haven't actually built anything in the United Arab Emirates yet and they have further postponed the date of completion of the Skyway Innovation Center which had they had initially planned as taking place in April-May 2019. It should also be repeated here that the EcoTechnoPark demonstration facility is not certified by an accredited organization to either test the technology or transport passengers safely. Yunitskiy applied twice to have SkyWay recognized by the NSA in Belarus as a scientific organization. Both of his applications were rejected. Scientists have further recommended that the SkyWay technology be tested by an officially accredited organization. SkyWay is most certainly not qualified to self-test its own technology.
"Annual reports" published by SkyWay cannot be considered more valid than a verified Belarusian news senders as reports published by SkyWay are not only unverified but would show clear bias towards the company. If, however, you are familiar with more recent published articles on the EcoTechnoPark, please include them below. Just stating that sources you don't actually mention render the published content of another verified article 'obsolete' if you don't mention the specific sources you are referring to.
You have actually provided no valid reasons to question the reliability of the Tut.by reference which is a valid Belarusian internet news portal which has its own page available for perusal on the English Wikipedia. -Zachar (talk) 19:31, 5 July 2019 (UTC)
It should also be mentioned here that "Global Transport Investment Inc." cannot be considered anything more than a shell company as it is registered in the British Virgin Islands. There are no investors or staff members or scientists at this offshore location so although on paper it may own the shares of the Belarusian company 'Strunnye Technologii ZAO', for all intents and purposes this company exists in a purely administrative and theoretical sense. No single person works at this location and it therefore cannot be considered the central hub of operations; there is nobody from the SkyWay company who work there. There are, however, Belarusian scientists, engineers, administrators, designers and network marketers who work for the company Strunnye technologii ZAO at a centralized location in Belarus, at least according to this verified reference. But perhaps you can prove that there is a dedicated staff somewhere else in the world who work for another company in the SkyWay Group? Please post these links below so we can check them. But please don't change the contents of the article before you can prove this. All references you post will be checked for verifiability and if necessary translated from Russian. –Zachar (talk) 21:38, 5 July 2019 (UTC)
@Derehosrescalo: It is hard to understand what you are actually trying to say. This is the text taken from your English Wikipedia page: "Hello. My name Ammos. I'm from the Russian Wikipedia. I do not know English, and to write the text using Google Translator." Try writing in short sentences if you are using Google translate as they will probably make more sense. Please don't change the article with google translations as any problematic English will be directly removed. You can also invite other users with a better command of English to help you. Explain the objections you have with short, concise sentences and you'll have a far better chance of being understood properly. –Zachar (talk) 08:17, 6 July 2019 (UTC)
Also, for Derehosrescalo and anyone else translating with Google, POLYGON (полигон) doesn't mean the same thing in English as Russian. You probably mean something like 'testing ground' or 'landfill'. –Zachar (talk) 23:29, 7 July 2019 (UTC)
Regulatory Warnings: title needs to be updated and contents changed
Financial regulatory agencies can warn the public about the activities of a company that is behaving suspiciously. They can also actively prohibit against a company. CONSOB in Italy actively prohibited against specific activities of SkyWay Group companies which resulted in, among other things, that the sale of EIPs to Italian citizens were banned and a website was taken down. This is more than just a warning.
On 11 June 2019 the German regulatory agency BaFin also prohibited against the company "Sky Way Capital Inc.". You can view the prohibition here: [117].
The title of this section therefore needs to be changed and information about the specific prohibitions of Italy and Germany needs to be included as it is significantly different to a simple warning to the general public and this needs to be reflected in the title and the wording.
This section could be renamed "Financial regulation against SkyWay". An alternative is "Regulatory warnings and prohibitions". Any advice appreciated.
Currently there are also two warnings released by the international regulatory agency OICV-IOSCO that are not mentioned in the article.
–Zachar (talk) 17:41, 27 June 2019 (UTC)
First I’d advise to completely reedit the article so that it will be about String technologies and will be based on author’s scientific publications.
Then somewhere at the end a chapter like “SkyWay Group” or “Trolling from interested user Zachar Laskewicz” can be optionally added with mention of some warnings of financial regulators publishing them just for the reason that the almost successful crowdfunded company haven’t paid them a part of raised money aimed to be used to develop technology, for their permission of public offer that has not taken place yet btw. Imagine what would say invetors if they knew their funds were spent to get just a permission for future public offering to regulators in every country the web exists in?? Meanwhile unfortunately smb seems to be paying these “kilometers” of trolling and cents hours digging on the web spent just to hoax the project on Wikipedia. Just look at these amounts of texts and divide to the time and it will become clear that one person Is in his full day work here. This is not just enthusiasm.--George Marshal (talk) 19:58, 28 June 2019 (UTC)
The article is about the SkyWay group of companies and not the science. Please note that no SkyWay company has registered its securities anywhere which means the company is committing fraud by selling its investment products to the general public. If anyone can prove that this is wrong and that the company has registered its securities officially somewhere, please include the information below. -Zachar (talk) 21:45, 28 June 2019 (UTC)
Here's a possible updated text. Please include your suggestions below or make changes to the text yourself:
Financial regulation
National banks and regulatory agencies have warned the public about the activities performed by companies in the SkyWay Group. Italy and Germany have actively prohibited against these activities.
The first regulatory warning was released in 2014 in Lithuania. The Bank of Lithuania released an official statement warning investors that unidentified individuals invited Lithuanian residents to invest in "next-generation string transport" by acquiring on-line shares of the private limited company which was selling them without a prospectus approved by a competent authority.[1] The Bank of Lithuania shared this warning widely “so that it is known in all countries that this company is engaged in illegal activities”.[2]
In February 2018 the Italian regulatory agency CONSOB prohibited the advertisement and sale of certain SkyWay investment products to Italian citizens.[16][17]
In May 2019 the German regulatory agency BaFin prohibited the public offering of SkyWay investment products to the general public.[18][19]
References
^Cite error: The named reference lbltwarning was invoked but never defined (see the help page).
^Cite error: The named reference lietuvos was invoked but never defined (see the help page).
^Cite error: The named reference fsma2017 was invoked but never defined (see the help page).
Suggested changes to the lede text in light of the changes to the 'financial regulation' heading and the suggestions by user Derehosrescalo. This is the text at present:
The public has been warned by financial regulators about risky investments in SkyWay Group infrastructure projects.
Since this sentence doesn't include the regulatory prohibitions instituted in Italy and Germany, this text needs to be updated. Here is a possible suggestion:
Financial regulatory agencies in a number of countries have released warnings and prohibitions against the activities of SkyWay Group companies.
It seems to me better to say 'a number of' rather than 'many' because the latter has a negative implication and it doesn't actually say which countries have regulated against SkyWay. This is specified in more detail in both the overview and in detail in the financial regulation section (with a complete account of financial regulation above on the talk page). Please include your criticism relating to this suggestion below.
–Zachar (talk) 10:35, 9 July 2019 (UTC)
Financial Regulation against SkyWay
This list includes the countries whose national banks or financial regulating agencies have issued some type of warning or prohibition about investment in the SkyWay Group.
Request for help to keep this list up-to-date with a link to the actual warnings.
Please note that financial regulatory agency press releases are considered primary sources like legislation. Verifiable links which help make a company notable need to include secondary references which verify these primary sources before they can be added to the article.
A good example below is the Greek regulatory warning. First link is to a verifiable source (EconomyNews247) of a primary Greek regulatory warning from the HCMC. We need to find secondary sources for each of these warnings.
–Zachar Laskewicz (talk) 16:26, 5 March 2019 (UTC)
- Publication of the German news feed geldthemen.de which includes links for many countries which have released warnings about companies in the SkyWay Group. Some of these countries, including Sweden and Malta, have not reached this list yet: [118].
Because people have started posting lengthy additions to this list of financial regulators who have warned the public against investment in SkyWay Group companies, I've put each warning into an individual subheading so it is easier to differentiate information about them.
The International Organization of Securities Commissions (OICV-IOSCO) in its list of companies in 'investor alerts' has released two warnings about companies in the SkyWay Group:
[1] Sky Way Invest Group, Skyway Capital, AskiiHolding
You can view the site here and chose 'companies' from the search column of the left and then access these two different listings individually: [119]
BELGIUM (FSMA)
the wording of the most recent FSMA warning released 17 May 2019
The Financial Services and Markets Authority (FSMA) warns the public against the activities of First SkyWay Invest Group Limited ('SkyWay Capital'), a company that offers investment instruments to the public in Belgium.
Despite its previous warning, the FSMA continues to receive questions from consumers about Skyway Capital, indicating that this company is still active in Belgium.
SkyWay Capital, is offering its shares to Belgian investors. However, it is doing so without having published a prospectus approved by the FSMA. The company in question is therefore not allowed to offer its shares in Belgium.
Moreover, the scheme proposed by SkyWay Capital exhibits the characteristics of a pyramid scheme. More information about this form of fraud is available on the website of the FSMA.
Various foreign supervisory authorities have likewise published warnings about Skyway Capital:
●The Lithuanian supervisory authority (Bank of Lithuania(link is external));
●The German supervisory authority (BaFin(link is external));
●The New Zealand supervisory authority (FMA(link is external));
●The Greek supervisory authority (HCMC(link is external));
●The Slovakian supervisory authority (NBS(link is external));
●The Italian supervisory authority (Consob(link is external)).
The FSMA therefore advises against responding to any public offers of investment instruments issued by Skyway Capital or persons connected with that company and against transferring money to any account number it might mention.
Article in Dutch entitled "Financial guard dog warns about the pyramid fraud of SkyWay Capital"
“The Financial Services and Markets Authority (FSMA) warns the public against investment offers promising exceptional returns and based, either visibly or otherwise, on setting up a system of recruitment, membership and enrolling other members. These offers promise unrealistically high returns, although they may appear most attractive.”
Questions from George Marshall about the validity of the FSMA warning (Belgium) - 31 June 2019
Can you point out any of these characteristics that can be applied to SkyWay project? Most critical sources are claiming SkyWay to promise “unrealistic income”. Please show any official announcement of any official company of the group containing any exact digit of future return or any guarantee of revenue at all.
The FSMA is warning about the offers made by SkyWay Capital on their website where the offer "astronomical" returns.
“The company in question is therefore not allowed to offer its shares in Belgium.” - is there any SWCapital foundaion office in Belgium? I found no info about anyone. Does the absence of prospectus approval by FSMA mean a fact of being a pyramid or a ponzi?
“SkyWay Capital, a company apparently registered in Belarus” - is wrong because the company Sky Way Capital Inc., is registered in the Saint Lucia (IBC No: 2018-00309) 14
And again the famous Lithuania conflict is mentioned as it is on every step despite being exhausted.
Beyond controversy, the FSMA is reliable source, however it’s clearly that its warning has been made on the basis of a superficial analysis without watching closer on all the SkyWay Group but taking into consideration only SkyWay Capital foundation. The links to other regulators bring to the warnings referring to prospectus absence. But for some reason they don’t take into consideration that the Prospectus is needed for stocks and bonds i.e. securities initially publicly offered 15 As for SkyWay, being not yet ready for IPO it actually makes available Investment Memorandum Investment Memorandum and Convertible loan agreement Convertible loan Agreement --George Marshal (talk) 20:13, 31 May 2019 (UTC)
Article in French on the FSMA warning: "SkyWay Capital, ou un nouveau système pyramidal" published 22 September 2017 in the newspaper L'Echo[120]. Here's a short translation from the article:
"Warning of the FSMA: First SkyWay Invest Group Limited offers to invest in stocks whose model has all the appearances of a pyramid scheme."
verified link: https://primechaniya.ru/home/news/noyabr_2017/avantyuristy_iz_skyway_ohotyatsya_za_dannymi_sevastopolcev/:::The link to “Primary source” brings to 404 error. The“Verified link” can be so in no case because this source is a blog. The first wrong blaming here is attribution of long-term passive income promises. No such guarantee can be found on the official sources of the companies meanwhile there is list of recommendations for partners who promote the project: “When creating promotional materials it is recommended:
Strictly keep the facts reported through the official information channels of the SkyWay group;..."
..."Avoid “screaming” headlines, distortion of facts, attribution to real persons of words or actions that do not apply to them, promises of guaranteed super profits or permanent passive income and other techniques, described in more detail below.” … Rules
Then there is again unverified list of non-existing companies and mentions of Stock purchase. However there is no information about SkyWay IPO or stock market presence even now. And again “promises” that cannot be found on any SkyWay official page, refers to “financial services” and again the same non confirmed trolling rewritten from other similar blogs that are absolutely irrelevant for WP. --George Marshal (talk) 14:14, 1 June 2019 (UTC)
REQUEST FOR INFORMATION on the warnings from the regulatory agency in Estonia
- At the moment we only have the FSMA Belgium reference stating that Estonia is one of the countries who has released a warning about investing in SkyWay Group company shares. I've been to the 'Estonian Financial Supervision Authority' (EFSA - Finantsinspektsioon) and I can't find anything there. This could be a mistake and therefore should be removed, but I'm requesting here that someone finds an actual reference we can use. –Zachar Laskewicz (talk) 14:20, 3 March 2019 (UTC)
I managed to find it there using Google's search by site 'site:www.fi.ee skyway'. There are other warnings (Belgiam, Italian) including Estonian one: [122] — Preceding unsigned comment added by Dron007 (talk • contribs) 19:28, 3 March 2019 (UTC)
2 February 2019 the BaFin released a second warning, this time with regards to "Skyway Capital" registered in Saint-Lucia. The title of the warning translates to "Skyway Capital Inc: Evidence of missing sales prospectus". Although typically sparse on information or detail, this warning does, however, have multiple secondary sources:
On 11 June 2019 BaFin released its first prohibition against "Sky Way Capital Inc." registered in Saint Lucia. You can read the warning here: [123]. A prohibition is a step further than a warning and can result in a financial regulatory agency actually doing something. An example of a regulatory agency prohibition is the CONSOB prohibition which actually resulted in websites being taken down, as well as the sale of shares to Italian citizens being banned. The prohibition title translates as follows :
Sky Way Capital Inc.: BaFin prohibits public offering of investments
TEXT FROM THE GREEK WARNING:
"Επιτροπή Κεφαλαιαγοράς: Χωρίς έγκριση οι διαφημίσεις της SkyWay Invest Group""
"Securities Commission: SkyWay Invest Group's ads are not approved
The Securities and Exchange Commission informs the investing public that EUROSYAN RAIL SKYWAY SYSTEMS HOLDING II LTD, RSW INVESTMENT GROUP with the trademark SKY WAY INVEST GROUP and the natural persons Nikos Salahas, Alsu Enaleeva and Anna Avraman claim that through the internet from https: //www.skywaygreece.com/ and its links to this and other media, make advertisements, disclosures, statements or announcements in Greece for the purpose of attracting the public to invest in shares without the approval of a prospectus by the Securities and Exchange Commission or that approved information has been compiled and made public in accordance with the provisions of article 24 of Law 3401/2005 as in force.
Translation of FKTK (FCMC) Warning released 10 April 2018
The FCMC repeatedly warns about the services provided by SkyWay Capital
The Financial and Capital Market Commission (FCMC) warns about the services offered by SkyWay Capital or "FIRST SKYWAY INVEST GROUP" Ltd on its website https://skyway.capital/en/. The FCMC points out that the company does not have the right to do so without appropriate permission to invest in its capital.
In case of loss or suspicion of fraud, we invite people to contact the police.
For residents wishing to invest in capital, we recommend that you choose issuers who have been given permission to make public offers. The FCMC monitors only those issuers who have received the relevant permission to make a public share offer.
The FCMC invites any person wishing to use financial services to make sure that the service provider is entitled to provide such services. Information on all licensed service providers in Latvia can be found on the FCMC website Market participants (www.fktk.lv).
Please note that the translation above is of the second warning the FCMC released about SkyWay. The first one came out on 31 March 2017 and you can view it here: [126]
The Bank of Lithuania has recently noticed intensified activities of the SkyWay group, encouraging investing in this group’s projects. Our advice is not to be drawn in by the proposals of SkyWay, as this may lead to investors losing their funds.
As early as in 2014, the Bank of Lithuania established that the company Euroasian Rail Skyway Systems Ltd, registered in Great Britain, was publicly offering its securities without necessary permits in Lithuania. To protect the interests of investors, the Bank of Lithuania has issued a public warning, transferring information on the Company’s illegal actions to the Prosecutor General’s Office. In addition, it has advised the Financial Market Supervisory Authority of the United Kingdom thereof.
Nevertheless, companies within the SkyWay group or their representatives keep issuing invitations, in various ways, to finance unclear projects, promising "quick and easy benefits". It is now being proposed to invest in the projects of the private limited company First SkyWay Invest Group Limited through acquisition of its shares. Information for potential investors is being distributed through social networks, via invitations to project presentations, providing information on the Company’s website in Lithuanian, etc. The Company is presented as a prospective start-up company, which collects funds from potential investors (as stated, not publicly and only from professional ones) to finance its projects.
The Bank of Lithuania warns that it has issued no permits for First SkyWay Invest Group Limited to publicly offer its securities in Lithuania or provide related services. No decisions or permits of the supervisory authorities of other European Union countries, granting the right for the companies of First SkyWay Invest Group Limited or their representatives to raise funds in Lithuania, have been received either.
The Norwegian financial regulatory agency FINANSTILSYNET shared the warnings of Lithuania and Belgium.
It shared the Lithuanian warning on 15 October 2014 in relation to the activity of "Euroasian Rail Skyway Systems Ltd." . You can view it here: [128]
It shared the Belgian warning on 5 October 2017 in relation to the activity of "First Skyway Investment Group Limited". You can view it here: [129].
Zachar (talk) 19:18, 4 June 2019 (UTC)
@Dron007 Good work! I translated the warning: it is very similar to the warning from the national bank of the Czech Republic. The list of countries which have issued warnings is actually getting very long - I changed the text to read 'many countries including...' so that this would be still be true for the unlisted countries. Do you think we should add 'Slovenia' and 'the Czech Republic' to the list? I'd be happy to do it, but I'd like to hear your opinion first (I put the Czech Republic warning there a few weeks ago and no one has either commented on it or responded too it). −Zachar Laskewicz (talk) 20:42, 27 February 2019 (UTC)
text of SNB warning about SkyWay activities in Slovakia
NBS warning about the activity of First SkyWay Invest Group Limited
16. 01. 2019 | Information for Public
Národná banka Slovenska (NBS) warns the public about the activity of First SkyWay Invest Group Limited, a company which has its registered office in the United Kingdom and which in Slovakia markets shares in a company called Euroasian Rail Skyway Systems Holding Ltd. Národná banka Slovenska has not approved any prospectus for this investment, nor has any other supervisory authority of a European Union Member State notified NBS that it has approved such prospectus.
A list of investment prospectuses approved by Národná banka Slovenska can be found here and a list of prospectus approval notifications received from supervisory authorities of other European Union Member States can be found here.
Národná banka Slovenska continues to warn consumers interested in investing in the financial market to consider carefully before concluding a contract with a financial services provider. NBS recommends consumers to give thorough consideration to all risks and aspects of any potential investment, including their own financial resources, investment preferences, and ability to bear potential losses.
SWEDEN (FI)
The Swedish financial regulatory agency Finansninspektionen shared the Belgian warning on their website.
You can view it here: [130]
"These companies are seeking potential investors..." needs to be changed
Please note that the user Derehosrescalo attempted to change each of the sentences of the lede text which esentially shifted the meaning to something entirely different. These changes, however, were discussed above under the heading 'Change introduction'. I reversed these changes until there is consensus among other users. You can still check Derehosrescalo's proposed changes and my objections to them above and you can argument to include these changes or suggest different ones.
These proposed changes to the lede text did however point out that there were glaring problems in one of the sentences. I found so many problems in it that I thought I'd better introduce it here for approval and consensus. This is the sentence at present:
These companies are seeking potential investors all over the world for development of its technology called SkyWay (or String Transport)...
IMHO the problem with this sentence are as follows:
[1] 'These companies' suggests that all of the SkyWay Group are seeking investment (they're not). This would be less probablematic if we say that 'it has been documented that companies in the SkyWay Group...'.
[2] It would arguably be better to suggest that the companies 'refer to' the technology as 'SkyWay' than it is generally known as 'SkyWay' per se. In other words, it is not 'called' SkyWay; they refer to their technology via this title.
[3] This could be a chance to actually suggest what SkyWay is (a suspended light rail transport technology) rather than simply an undefined technology the SkyWay Group is seeking investment for.
[4] String transport is another name that the SkyWay Group use to refer to this technology; it is not the only one, but the text at present suggests that these are the only two titles.
Here is a possible suggestion for better wording that includes the first three observations above. I can't at present think of a way to include observation 4. Any extra advice appreciated:
It has been documented that companies in the SkyWay Group seek potential investors all over the world for the development of the suspended rail transport technology they refer to as Skyway (or String Transport).
You would have noticed yourself first. In less than six months, you've made more than 500 edits. All your edits are destructive. You have blackened the project and the company, based on the sources convenient to you. And any criticism you ignore. And after that, you still have the audacity to point to someone trying to make a neutral article.
If you disagree with the contents of any of the verified references on SkyWay, please include your concerns below with verified new references that prove your claims. They will certainly be checked for verifiability and if necessary translated into English. Any actual source you propose will be considered. Zachar (talk) 18:29, 5 July 2019 (UTC)
The alternative title 'String Transport' returns in the overview so it's not really necessary for the lede text. The text below therefore addresses all the concerns. If you disagree with the text, please include your suggestions relating to these suggestions below.
It has been documented that companies in the SkyWay Group seek potential investors all over the world for the development of a suspended rail transport technology they refer to as SkyWay.
PSIRAM Article on SkyWay is detailed and worth a look
The PSIRAM.DE article on SkyWay is detailed and could be considered for translation for new sources and rechecking the sources we already have. View it here [131].
It includes a lot of information about the problems created by Chris Schuster, the German representative of the company who has caused such misery to editors of other German blogs like GELDTHEMEN.DE and ALLMYSTERY.DE who tackle problems of SkyWay in Germany.
–Zachar (talk) 11:38, 14 July 2019 (UTC)
Changes to Overview unsupported by the references
The claims about SkyWay technology are unsupported by the Italian and Slovenian references. This information is quoted about the technology in terms of what Yunitskiy claims about his technology and not what the technology has been documented as achieving. This is what the articles actually say:
Cities bursting with traffic? No problem, the SkyWay company has the solution: to buy one of its monorails that make speeding cars at 15 meters high at 500 kilometers an hour, with a frequency of one every 15 seconds. Moreover, the plants cost 20% less than a normal subway and are totally green ... It seems like a dream, but it is the "real" proposal that the Belarusian company has been promoting for years now to heads of state, transport ministers and local administrations of half the world. Too bad that such facilities do not actually exist on the planet Earth. [132]
SkyWay, a system of passenger and cargo capsules traveling on a cableway, was designed by the Belarusian engineer Anatoly Yunitskiy in the 80s of the last century. Emissions of gases and particles that pollute the atmosphere are practically nil with such a means of transport, and this would be particularly practical, as well as traveling in the urban landscape and in the countryside. Capsules could reach speeds of up to 500 kilometers per hour, says Yunitskiy, who is today the representative of the SkyWay Group. SkyWay Group has already developed several pilot projects of the cableway, but they have not yet come to the fore further.[133]
If you want to mention these unverified facts about SkyWay you have to contextualize them as they are introduced in these verified articles: as claims that Yunitskiy makes about his technology.
Better still, you could find these facts in a verified scientific publication that confirms Yunitskiy's claims.
Until then, here is a suggestion for an improvement to the wording that more actually represents the sources:
SkyWay is designed to transport cargo and passengers.[134] Yunitskiy claims that SkyWay vehicles can reach speeds up to 500 kilometers an hour and that they cost 20 percent less than normal subways.[135] He also claims that his vehicles have minimal gas and particle emissions.[136]
I'm obviously happy to include updated information from verified sources about the technology. But they have to be quoted accurately. These facts are not accepted information about this technology; they are just claims that Yunitskiy has been documented as making about what his technology can achieve.
-Zachar (talk) 15:00, 17 July 2019 (UTC)
With all due respect, your happiness is not my concern, Wikipedia policies and guidelines are. You do not seem to grasp the issue here. Do as you will. I am not sure what other advice I can give as you still don't seem to want to step away from the article voluntarily despite your advocacy and inability to edit this topic from a neutral point of view. --CNMall41 (talk) 04:54, 18 July 2019 (UTC)
@CNMall41:I'm sorry that you misquoted the references. Your changes to the overview included information that would suggest that this technology is emission free. There is no scientific evidence suggesting this is true. The article says that Yunitskiy made this unverified claim. Unless you make another edit which shows clear bias attempting to misinform the public about what SkyWay technology has actually achieved, I will assume that this was just a simple mistake. Please don't misquote sources again or I will assume that the unfounded claims you are making about my bias are attempts to silence valid suggestions to improve the article. –Zachar (talk) 12:03, 18 July 2019 (UTC)
Just a heads up that passive aggressive tone will not help reach a consensus with anything. You can assume what you like, but I am simply discussing your advocacy which you have attempted to downplay. Still not sure if this is worth bringing up at ANI or COIN at the moment. I will take the time to look through some of the sources this week and likely start a rewrite. I am tempted to revert the article back to where it was prior to your editing given the COI and Advocacy, but that would likely remove some good edits as well. In the meantime, remember there is WP:NORUSH with Wikipedia. Finally, please bring up any accusations against my "attempts to silence suggestions to improve the article" at ANI if you feel that is actually what is happening. I would love to participate in the discussion there. --CNMall41 (talk) 04:34, 21 July 2019 (UTC)
Negotiations in Ulyanovsk
References suggest that negotiations took place between the limited liability company "STU-Dubna" [СТЮ-Дубна] and the city of Ulyanovsk in November 2009 which resulted in the creation of the CJSC "Strunnye Technologii" [String Technologies].
Please help verify these references by checking the originals and translations. Any additional resources you can find that confirm or contest these articles would be more than appreciated. If they are incorrect, we need to know so that any changes to the actual article can be informed by reliable sources.
An article published by the Ulyanovsk Russian regional press discusses a meeting attended by the Russian president Medvedev on 24 November 2009 where he praised a speech by the local governor who suggested that Yunitskiy's proposed string transport project was both innovative and realizable. It was suggested that this happened to help ensure that a centre of 'string technologies' would be built in Ulyanovsk and was based entirely on unrealistic and uninformed fantasy pretending to be innovation. Read a detailed analysis of this meeting here: [137]
A more recently published article contextualizes this speech. You can read the original here: [138]. After negotiations in Ulyanovsk, the LLC "STU-Dubna" was disbanded and a planned experimental route in the city of Dubna near Moscow was shelved. Early November 2009 the creation of the "String Technologies" company was planned and it was finally established at the beginning of 2010 based on 4.88 billion rubles of 'intellectual property' but only 10,000 rubles of actual capital. These dates of the company's reorganization and registration in Ulyanovsk suggest that talks had been held before this official meeting.
Two days after this meeting an investment agreement (Memorandum of Understanding) was signed between Ulyanovsk and the newly created company which set clear outlines for basic areas of collaboration such as a sales and training school for string technology specialists and a 40 kilometer long string transportation highway in Ulyanovsk to be constructed in 2012.
How did they propose funding this new string technologies project? According to a multi-page business plan, the investment of Russian citizens who would be convinced to purchase shares of this new start-up company. This document was prepared in February 2010 and was remarkable if only because of the outrageous claims it made about the potential of this technology and its creator. Half of the document praises the project; the rest boils down to declaring how much money private investors could make from the project thanks to the entirely invented value it had assigned itself to its intellectual property.
In early 2011 the company was liquidated and their ambitious plans were forgotten.
In light of this earlier development, the SkyWay Group learned a few lessons and as a result they founded a legal entity in an offshore location, tied it to a crowdinvesting platform and assigned to it the inflated value of 400 hundred billion dollars. Financial experts have suspected that the SkyWay we know today operates on the principle of a banal "financial pyramid".
Полёт фантазии продолжается: губернатор вновь вспомнил про струнный транспорт
(17 January 2017) Flight of fantasy continues: the governor again remembered the string transport
Полёт фантазии продолжается: губернатор вновь вспомнил про струнный транспорт
Flight of fantasy continues: the governor again remembered the string transport
17 January 2017
At the Gaidar Forum, the governor of the Ulyanovsk region again recalled the idea of string transport, which over the years has managed to acquire not the most unambiguous aura because of the “overly innovative financing model”. This model is often called the “new MMM”, the “financial pyramid”, and the Lithuanian authorities have called it a fraud. At the same time, the Ulyanovsk project, supported by the governor himself, was at the heart of this idea. What was it?
On November 24, 2009, a meeting of the State Council Presidium on the innovative development of the transport complex chaired by Dmitry Medvedev was held in Ulyanovsk. Then the region was actively preparing for the event, and the speech at the State Council of the Ulyanovsk Governor, as well as the response of Mr. Medvedev to it, was very quickly disassembled into quotes - the Governor Sergei Morozov managed to put all the innovative innovations that were previously mentioned in his not very long speech - and "flying saucers", that is, airships for the Arctic, and the modernized aircraft "Ruslan", and the string transport of the notorious Yunitskiy.
The governor's speech caused giggles in the hall, but Dmitry Medvedev unexpectedly took the side of the governor: “I looked, here our colleagues representing the largest Russian carriers, smiled wistfully, but in vain: sometimes you need to be able to dream. Subsequently, numerous websites searching for “venture investments” for the SkyWay string transport project of Yunitskiy repeatedly referred to this phrase by Medvedev as an example of technology support at the top. It should be noted that it is not unreasonable - the case was not limited to the “ability to dream”.
Just a week after the State Council, in an unknown direction, the experimental route disappeared from the string transport site in Dubna near Moscow, built by STU-Dubna LLC - the Yunitskiy company, which fell into the number of residents of the special economic zone of the Moscow region city.
That route shortly before the State Council managed to thunder all over the country in the form of photos from the presentation of innovative technology to a number of officials. These photographs showed a ZIL truck moving slowly under two rails suspended from racks. Judging by the description, the strings: in the form of a box in which a steel cable is stretched. At that time, this route was the only prototype of the “innovative transport system” that Yunitsky himself had been very actively promoting for many years. The route apparently disappeared along with STU-Dubna LLC: the decision of the general meeting of this LLC on November 2 of the same year decided to reorganize it into the Center for String Technologies, which turned out to be registered in Ulyanovsk on Ryleeva Street.
According to an extract from the Unified State Register of Companies, the joint-stock company finally established at the beginning of 2010 turned out to be the largest legal entity in the region created by individuals, and the founders contributed 4.88 billion rubles to the company's fund.
These billionaire participants were: the inventor of the technology, Anatoly Yunitsky, with a share of 3.42 billion, his son Denis with a share of 244 million, as well as the director of the OJSC Victor Uzlov and Mrs. Nadezhda Kosareva.
Saving on fuel due to the introduction of string transport may exceed the budget of the Russian Federation
It would seem that the region has finally acquired a serious investor, ready to invest in the forty-kilometer long string transport route already drawn in this format in the city of Ulyanovsk. But the situation was somewhat different.
According to the data on the reorganization of LLC STU-Dubna by transforming it into a joint stock company, the capital structure of the joint-stock company being established is as follows: 10 thousand rubles of the authorized capital of the company plus 4.88 billion rubles, which are not in any form - the participants rated this money own intellectual property.
Dates of reorganization suggest that the region even before the State Council not only held talks with Yunitskiy, but also reached quite definite agreements, which eventually led to the creation of a joint stock company for a specific project.
However, it is not necessary to guess about the details of this project. Two days after the State Council, an investment agreement appeared between the government of the Ulyanovsk region and String Transport Yunitsky LLC, which clearly outlines the basic areas of collaboration: building a string transportation site in Ulyanovsk, creating a sales center and a training school for specialists, developing string technologies, as well as the construction of the very highway in Ulyanovsk already in 2012.
Where did you plan to take real money for the implementation of the plan? This question is answered in a multi-page presentation of the company's business plan (available to the editorial board), addressed to venture funds and “citizens of Russia and other countries who are ready to change the future of the Russian Federation and invest free funds in the purchase of a share of Center of String Technologies and after 3 years, increase their investments several times due to dividends and capitalization of technologies, ensuring their financial independence and social stability. ”
All this experience can be compared, for example, with the experience of the great physicist A. Einstein.
This document, prepared in February 2010, is notable for its presentation in combination with the grandeur of the plans described. So, for example, “potential investors” receive information that fuel savings due to the introduction of string transport may exceed the RF budget, that the use of string rails for laying communications in them can reduce the need for satellites and build an alternative communication network, and the string transport itself completely rebuild the entire transport structure, not only Russia, but the whole world. Yunitsky himself is compared with Einstein. “It took the developer of UST to become an analyst, before filing the first application for an invention under UST, 17 years. This has saved, in the development of industry-specific areas in transport, prospecting, more than 5 billion euros, compared with similar costs of Siemens. Additional knowledge and experience were gained. During this time, A.E. Yunitskiy helped almost 2,000 innovators of the Gomel region become inventors. All this experience can be compared, for example, with the experience of the great physicist A. Einstein, who did not hide the fact that only after working for a few years in the patent office, he learned to “separate the wheat from the chaff,” which helped him to further create the theory of relativity. ” .
About half of the document is devoted to such descriptions of merit, the rest of the business plan is devoted to economic calculations, which boil down to declaring the possible profit of private investors who are willing to buy project shares, which are actually provided only with the intellectual property of the founders, which was allegedly estimated at 4.88 billion rubles by "independent appraisers".
This situation has repeatedly caused experts to suspect that SkyWay operates on the principle of a banal "financial pyramid."
Simply put, the model envisaged trading in the retail market (equity investment) in shares in intellectual property. As planned by the authors of the plan, already in 2012, the company should have gained enough money from such funding to launch the experimental route and end R & D. In addition, the document identifies the intentions of several potential customers of string tracks. The Ulyanovsk region was among them.
“As for the construction of a city suspended highway of UST along the route“ New city - Center - Dalneye Zasviyazhie ”, it was initiated by the regional authorities. Currently, together with representatives of the regional administration of the Ulyanovsk region and STU, negotiations have been held with a potential investor of this project, who has expressed interest in its implementation. It was agreed that the regional Administration will order pre-project works on this route, which will answer the question of tracing, the number of stations and their destination, passenger traffic, the fare, the approximate cost of the entire route as a whole, etc. After that, the investor will be ready to start implementing the project as soon as possible, ”representatives of the Unitsky structures responded to the question about the fate of the highway in Ulyanovsk at that time, hinting that there are also larger sources of project financing in addition to crowdinvesting.
[Illustration of proposed STU track]
It was under the scheme of such investments that the region subscribed. According to the plan, an innovative joint stock company based in Ulyanovsk was to start collecting investments already in 2010, selling shares of 10 rubles each, for which a profit of 19 rubles was promised in 2012, when the first string tracks were to be made. It was a small matter - to begin retail sale of these shares to everyone.
As a result, it happened, but outside the Ulyanovsk region - in early 2011, the company with ambitious plans was liquidated, and the project in the region, as it seemed, was forgotten.
The main asset of the company - intellectual property - is estimated at $ 400,000,000,000.
But the concept described in the business plan for the region nevertheless began to be implemented by Yunitskiy structures in the form of a SkyWay project - a crowd-investment platform tied to a legal entity offshore, which through partners directly leads the sale of "string transport" to everyone. At the same time, according to statements on SkyWay sites, the company's main asset, intellectual property, is estimated at $ 400,000,000,000. Investors in the future are promised solid lifetime payments, and the development plans are simply mesmerizing.
In addition, participants in the innovation project were invited to become representatives of the company, engaging in attracting new investors for 15% of their contribution, which has so far led to the emergence of hundreds of partner sites and a whole network of distributors. According to several investigative journalistic reports, the networks formed around MMM were actively hit into “string investments”, continuing to operate according to a knurled pattern. This situation has repeatedly caused experts to suspect that SkyWay operates on the principle of a banal "financial pyramid."
[illustration of SkyWay promotion advertising]
However, judging by the delfi.lt publication, the matter was not limited to evaluative judgments. According to the Lithuanian edition, in 2015, Mr. Yunitskiy became the subject of interest of the Lithuanian prosecutor’s office “due to fraud, illegal economic, commercial, financial activities and the legalization of funds acquired by criminal means”. In this regard, we note that Lithuania has become the third country to implement Yunitskiy’s ideas after Russia and Australia, where for some reason the construction of the promised routes failed. In Lithuania, this was also not possible. Now, the project Yunitskiy is trying to implement near Minsk, where the next experimental route, built on investors' money, is laid.
Judging by the statement at the Gaidar Forum, it was there that Governor Sergey Morozov was going to go in February to look at the results and, perhaps, to resume the construction of a string route from Ulyanovsk from the other side of the Volga to another ... That is, the story may well be repeated - after all, in fact, we are talking about a return to the plans for 2010.
It is worth noting here that of all the regions that once expressed interest in relation to string transport, only the Ulyanovsk region is still true to this idea. The rest of the regions that were mentioned in the business plan of 2010 as places for the implementation of string routes have not been remembered more about Yunitskiy and his projects, at least publicly. Probably, they lacked a flight of fancy ...
The LLC "STU-Dubna" [ООО "СТЮ-ДУБНА"] indeed appeared to have existed. It was registered on 11 November 2018, and was disbanded on 4 February 2010. Read the company registration here: [139]
JSC Company "Centre of String Technologies" [ОАО "Центр струнных технологий"] was indeed founded on 2 February 2010 at the address suggested in the article in Ulyanovsk, and was dispanded on 31 march 2011. Read the company registration here: [140]
This article confirms the contents of the two articles above on the foundation and importance of these two companies to the history of SkyWay. You can read the original here: [141] or alternatively an English translation here: [142]. Any other sources you find to confirm these important event in SkyWay History appreciated. –Zachar (talk) 00:02, 16 July 2019 (UTC)
The text below is a preliminary text concerning the negotiations in Ulyanovsk. Please include your suggestions below or edit the text yourself. Maybe all this information is not necessary but it is my first attempt to distil the contents of the articles. Any advice including additional sources that further confirm (or contradict) the contents of this text. If you are going to include descriptions of every unrealized negotiation that resulted in the signing of an MoU. Alternatively you could argue to remove all the unrealized negotiations, but you can't include some and ignore others.
Russia
In 2009, negotiations took place in Ulyanovsk between Yunitskiy and city officials.[143] In an attempt to secure collaboration with SkyWay the city Mayor Sergei Morozov praised SkyWay technology in a city council speech speech on November 24 and his proposals were supported by the Russian president Medvedev who attended the event. As a result an investment agreement was signed and the joint stock company "Centre of String Technologies" was registered in Ulyanovsk. In February 2010 a document was released praising the technology and including information about their plans to make use of private investment. [144]. Although Sergei Morozov showed interest in SkyWay again in 2017,[145] the planned projects like the 40km long string road and the SkyWay education and testing facility were never built. The company dissolved in March 2011.
One more time. Do you write about Finance or technology? The company was founded in Belarus in 2014. Why are you citing 2019?
I believe this is another of your useless links. There's no value in it. You'd better think about the quality of the information, not the number of links. Vinsent Bryant (talk) 06:57, 22 July 2019 (UTC)
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