Flywheel Advanced Technology Inc (FWFW)

[StockLogistics]

#exbx and #EGOC are two that I know of, if a group of Chinese is going to pay 200,000 or whatever for a pink shell why not sell it to them, Lazar doesn’t feel it’s his responsibility to shareholders to sell to an actual business with a product and business plan that is promoted via PRs, nobody investing in the OTC is going to sue for losses and the SEC and OTC don’t even care.

[NeoKobe]

Never thought I’d say it but perhaps you are right. What other shells has he sold to Chinese buyers that have been dormant in perpetuity?

[StockLogistics]

It’s always been about researchers from China owning a company so they can gain credibility with China’s government to either stay in the U.S. or for some tax reason, all of Lazar’s plays are like that because that’s who is buying so that’s who he sells to. When one of these symbols becomes a real company I’ll believe otherwise.

[NeoKobe]

Any day now, lol.

But seriously, wtf are these guys doing with this shell. I check back here every so often…still nada, yet they take painstaking care to keep sec and otc current. Shit, management of this lowly shell are more diligent in reporting than half of the “operating” companies in this otc cesspool.

Maybe we’ll never know…

[StockLogistics]

1 for 100 reverse split?

[nickels]

5/13 form 10Q Flywheel filed. Ameritrade shows Flywheel. But others still show Pan GLobal.

[nickels]

Flywheel Advanced Technology Inc PGLO:OTC Pink - Current

[NeoKobe]

Very interesting re: website. Hope you are right!

[Nistel]

This is from their site:

Headquartered in Hong Kong. Flywheel is a third-party wealth management company with services covering Hong Kong, Mainland China, Australia and the US. Since 2018, Flywheel has focused on three core services: insurance, investment and IPO, as well as expanding into financial services platforms, fintech and online financial media. We believe that knowledge is the key to successful investing – in addition to comprehensive wealth management services, we also aim to educate our clients about investing so that you can achieve your financial goals during each stage of your life.

Of course you should take these descriptions always with a grain of salt, but it would be great to see fintech and IPO coming together in PGLO, even better in the crypto/NFT sector, but that's a full shot in the dark.
At least my feeling that they bought the shell holding for future use with any reverse merger, not for their own company as it stands. But it's just anyone's guess what will come. With the current share structure it might be worth the wait. I took out my investment already during the last Lazar runup, so no risk attached for me anymore.

[NeoKobe]

For sure!! It was so odd!! I flipped this well on that initial run, but reentered on the downside of it (for better or worse, we shall see)…

[NeoKobe]

Yep. But “what might happen” here is the tough question indeed. What are the options? What might flywheel do with it?

I have noticed that their website is more fleshed out than it was previously, with much more English content. They also have a you tube channel providing financial advice, updated daily or near daily. Does anyone speak Chinese who can listen and report back?

What are others thoughts re: the universe of possible outcomes here. I personally think Flywheel has the shell and will use it at some point in conjecture with some financial venture, (e.g. crypto). But I’ll be the first to admit, I’m just speculating.

[rosequartz]

the one other thing to keep in mind is that September spike where it rose for three days straight, then plummeted. There was no news and no social media pump on it that i could find. this has always been a strange one.

[Nistel]

Nope, that sums it up pretty well

I am also curious as to what might happen here eventually. They did not take the shell for nothing I would think. Worth a small gamble, although there is still a huge pile of restricted stock, while the float is crazy low at this time. For me the announced RS also made no sense under current circumstances, there is already no liquidity here.

[NeoKobe]

Thanks. This one is odd, and I’ll admit, it has me more perplexed than any custo I’ve traded previously.

Here we have:

-A gorgeous share structure, and what ostensibly seems to be a completed reverse merger.

-The reverse merging company (Flywheel) files a name change, in which they announce an inexplicable and frankly, totally unnecessary 1:100 reverse split. But the split never comes.

-All filings with the SEC - which are still current, timely, etc., seem to address this company as though it is still a shell, still looking for a reverse merger. But isn’t flywheel ALREADY the new company?

-OTC markets has had no updates reflecting Flywheel’s involvement.

-Flywheel - based in Hong Kong - has itself has had no communications whatsoever with shareholders.

What am I missing here? Anyone have any other DD I’m missing?

[rosequartz]

that happens sometimes. on another ticker i'm on, we'll get those emails but never see a filing.

[NeoKobe]

To clarify: I received an auto-generated email notice from SilverFlume that there were filings today of “business entity filed documents”, that’s all. Just curious if anyone has seen the filling...

[NeoKobe]

I received an email stating that some business filings were completed today. I checked silverflume (Nevada Dep’t of State website) but nothing posted yet. Anybody see anything or know what the filings are about?

[Welcome2Pinkyland]

$PGLO looking good $$

[nickels]

10Q Files 2/22 Moving forward.
gltua

[nickels]

10Q Files 2/22 Moving forward.
gltua

[Patrick Bateman]

Checking in.

What do you mean?

[nickels]

10K Posted. 12/29 162,255,000 OS...

[StockLogistics]

100:1 Reverse split this week?

[StockLogistics]

When’s the Reverse Split?

[StockLogistics]

“Founder of "Flywheel Finance", “

Why is Flywheel Finance in quotes?

“…currently the chairman and chief executive officer of the group.”

What group is that?

“Before founding Flywheel Finance, Roy was a senior banker.”

Where?

“He has held important positions for many investment banks and note-issuing banks.”

Such as? Held important positions such as he bought their stock and held the stock in his portfolio ?

“He has more than 20 years of financial management and marketing experience, leading a team to practice new financial concepts,”

To practice new financial concepts… like a professor teaching does?

“…and is important for managing investment risks.””

He is important for managing investment risks? Aren’t we all?

“ , It is unique insight and outstanding performance.”

What is?

“The goal will lead Flywheel's financial strategy to a market value of one trillion in the near future,”

One trillion what? Dolllars? Grains of sand?

[StockLogistics]

When is the reverse split? Where is the 10-k? And why does the website have apparel for sale with a picture of a happy face sticking its tongue out?

[StockLogistics]

Is this company a joke?

[Willie1a]

This will be tricky this week. I play alot of shell re-awakenings...ENGA, TIPS,TCRI just lately.

But with the reverse and the official announcement of new control it could be real weird. Especially if they do both at the same time. I have resisted getting in yet; but plan to some time this week. My hope is they do the reverse first exposing the ultimate buying op and introduce the new company a day or two later. But that doesn't sound like the plan.

Also, is anybody else concerned that the Q3 10Q has never been filed?

Good luck to all of us,
Willie

[willlbone]

Ho, Ho, Ho Merry R/S.

[NeoKobe]

Outstanding DD, Nistel!

So we now have: A pink current, SEC reporting, financial industry company with a pedigreed CEO and obvious nasdaq ambitions. At a $2M market cap. Hell, given the industry at issue even the RS makes some sense since institutions are notoriously wary of pennies.

Reverse split or not, if they can realize even a scintilla of their ambition….boom time.

[Nistel]

Here is the correct Flywheel company:
https://flywheelfs.com/

You can see CEO Tang Siu Fung (who signs the PGLO docs) is on the board members page, as well as other names you could find in PGLO's filings:
https://flywheelfs.com/index.php/our-team-full-team/tang-siu-fung-roy/

Founder of "Flywheel Finance", currently the chairman and chief executive officer of the group. Before founding Flywheel Finance, Roy was a senior banker. He has held important positions for many investment banks and note-issuing banks. He has more than 20 years of financial management and marketing experience, leading a team to practice new financial concepts, and is important for managing investment risks. , It is unique insight and outstanding performance. The goal will lead Flywheel's financial strategy to a market value of one trillion in the near future, becoming a benchmark in the financial industry, and helping more unexplored companies with unlimited potential to carry forward their excellent products and business concepts.

At least there is some ambition, lol.

[TheSummerMan]

100:1 RS pre-14c filed.

[KD13]

How you feel about the validity of the RS today. Good job donkey.

[Patrick Bateman]

I had it on my radar still.

But you’re right. Life’s too short.

[BullofLA]

Yup, as a non-owner he’s really concerned about this stock and for cares enough to comment on everyone else who owns it lol. Added more today as these levels and will continue to keep powder at the ready if it dips below .01. But I’ve also got a feeling it will show another spike before or after ticker transition into the new company.

[georgeofthebungle]

Thanks for concerning yourself with a stock that you don’t own

[Patrick Bateman]

Thanks for letting me know you’ve made “good money.”

[georgeofthebungle]

I’ve played this plenty. Made good money. Think there’s much more to be made. Like it here

[Patrick Bateman]

I guess you’ve never heard the saying “Buy the rumor, sell the news”

[georgeofthebungle]

Right!!!!! No one knows anything yet. Hit .17 on speculation and .04 on rumor. Let’s see it when someone actually has a clue!!!!

[BullofLA]

Loaded more shares this morning, excited for this future here, long hold.

[georgeofthebungle]

There hasn’t been any filing yet. No dates no details. This could run to .25 when details of the company comes out. Who knows. Certainly not anyone on this board

[Patrick Bateman]

Likely? No
Remotely possible? I guess.

[KD13]

Short term run to .10-15 likely or not?

[StockLogistics]

Just because there are gaps at .009 and .001 doesn’t mean they will fill, I was wondering how that .001 gap would fill now I know, incredible how they predict the future accurately so often

[georgeofthebungle]

You don’t know anything obviously. Sell and move on

[Patrick Bateman]

Bingo

[StockLogistics]

It’s none of those flywheel companies you’ve seen, NYJJ was involved in QEBR, from 4.00 to .02 dilution machine, same thing will happen here. You might get some PRs etc over time it will go to near zero from whatever it R/S to. This stock didn’t need a reverse split, the only way it can increase in value is becoming a micro float and having a tangible product or service to sell which it doesn’t.

[StockLogistics]

There is no “solid MC”, the flywheel I thought was merging here would not want a share structure that low, it wouldn’t make any sense, they picked a popular topic “flywheels” to hope for a pump, R/S leads to a dilution machine.

[georgeofthebungle]

Exactly. If it’s any of the flywheel companies I have seen then the 2 million market cap will be chump change.