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Latest Equiis Technologies AG update to shareholders

In reference to the recent email sent to all shareholders of Equiis, EQ Group, and Flaim by Derek Roga and Michele Char (former employees of Blue Tree) regarding EQ Group DWC – LLC, we would like to highlight several critical points omitted in their communication:

  1. Expired License: EQ Group DWC – LLC’s company license expired on 10-Apr-2023, affecting its legal status. Open expired license.

  2. Inactive Operations: The company currently has no active employees and is not engaged in any substantial business activities.

  3. Communication by Light Wave Experts: An email regarding these developments was sent to all shareholders by Light Wave Experts, a company belonging to Michele Char, a former employee of Blue Tree. More information about Light Wave Experts can be found on their website: http://www.lightwaveexperts.com.

  4. Ownership of Light Wave Experts: Light Wave Experts is owned by Michele Char, a former Blue Tree employee. She allegedly lied on behalf of Derek Roga, leading to the shareholders being deceived as the company relocated first to Austria and then to the UAE.

  5. Concealment of Team Photos: Prior to sending this email, photos of the team, including Michele Char, were hidden on the website.

  6. New Venture – Limitless: Michele Char is reportedly behind a new company in the UAE, named Limitless, where Derek Roga is currently seeking investments for what is alleged to be another fraudulent scheme.

Additionally, it is worth noting that EQ Group DWC – LLC is currently involved in several ongoing court cases. Furthermore, it is anticipated that the company will be liquidated soon, similar to its counterpart Equiis in Switzerland.

Once again, shareholders have been bombarded with a barrage of nonsense about a company that, in reality, is a mere shell. This entity, EQ Group DWC – LLC, has ceased to conduct any meaningful business, lacks a workforce, and is devoid of any significant business activities. Most crucially, it doesn’t even maintain a functioning bank account. The stark truth is that the investments made have long vanished, with no hope of recovery. Now is not the time for passive observation but active pursuit of justice. The actions and misrepresentations of those involved must not go unchallenged. It’s imperative that we unite in seeking accountability and reparation for the losses and deception we’ve endured.

 

EQ Group DWC LLC

Business Center Logistics City, 3rd Floor

Dubai Aviation City, P.O. Box 390667

Dubai, U.A.E.

Company Register: Dubai DWC 10115 Page 1 of 2

EQ Group DWC LLC, Dubai Aviation City, Dubai U.A.E.

 

SHAREHOLDER UPDATE

Dear Shareholders,

 

The past several months has seen tremendous global events shaping our geopolitical world

which in turn has impacted several economic indicators. The war between Ukraine and Russia

has been a concerning backdrop to all these events and now the situation in Israel. It now

appears that the bear market impacting the stock markets across the world was indeed short-

lived and while the uncertainty in the crypto world continues, the reality is the system is flushing

out the garbage of this investment class; what though is obvious is that blockchain and Web3

based technologies are here to stay.

 

As a startup enterprise we haven’t been immune to these realities, that being said, our team

has focused on the art of the possible in carving out a market niche to provide the best return

on investment for our shareholders/investors while leveraging the investments already made,

implementing new technologies while optimizing growth verticals.

 

Last year we began focusing our activities in the gaming sector, the first initiative is

geographically in the MENA region with EQ Group as a service provider (not operator); for this

initiative we have successfully built a state-of-the-art Web3 based blockchain enabled

infrastructure to support the administration and management of the gaming initiatives. This is

based on licensing requirements that is being completed by the gaming operating company,

with an expected launch in the fourth quarter.

 

Industry wide there is tremendous excitement related to the significant opportunity in the gaming

sector for the GCC and MENA region, where we operate, as being the last frontier of green field

markets. With the announcements related to Wynn Casino’s and the sociocultural sentiments

evolving to embrace gaming within the region the market opportunity is significant and will

parallel the market metrics globally for Sports Betting and Online Casino.

(https://www.arabianbusiness.com/industries/travel-hospitality/uae-casino-wynn-resorts-to-get-first-gaming-licence-says-boss).

 

Here are the operational and commercial objectives through Q4 2023 and into Q1/2 of 2024.

• We published a competitive RFP for a complete turnkey marketing agency to support

our go to market launch and strategic execution, this RFP has been awarded to

Digitas, who are part of Publicis Group.

• The licensing commitments from the UAE for the operating company, which is

separate from EQ Group as the service company has progressed to a written

commitment as the legislative process is completed.

• The technology to support the gaming operations is completed.

• With the uncertainty of the crypto markets, we had delayed the implementation of the

flaim coin; now as we launch our gaming platform, the intentional plan is to issue the

coin as a loyalty token; this has precedence as a successful model that has been

implemented by several Web3 based gaming platforms and operators.

• As we launch the services support for the gaming ecosystem and the number of

engaged players grows, we will reintroduce the flaim messaging platform by Q2 2024

as the communication thread within this ecosystem, very similar to the messaging

platform within Twitch and other similar gaming ecosystems.

 

Many of you have reached out over the past several months regarding the status related to the

shares from Equiis Technologies AG to Equiis Technologies Inc. (BVI) and the further transfer

into EQ Group. There have been further queries related to when and if the company will list. At

this juncture at the holding group level the company is reorganizing and streamlining business

focus and direction. Several of the business lines that were being operated and managed

subsequent to the EQ Fintech combination have not materialized and those are either being

shuttered or spun off to make the business more efficient. As soon as these activities are

completed a more comprehensive communique will be sent out specifically related to this

matter.

 

In the interim, being a service provider to the gaming company remains a priority along with

reintroducing several of the flaim messaging objectives within this gaming ecosystem remains a

priority to achieve the goals of creating shareholder value.

As we prepare for the launch of this first aspect within the gaming sector, these other business

units are being actively worked on.

 

Sincerely yours,

Derek Roga.

On behalf of the Board of Directors

EQ Group DWC – LLC

Uploaded files:
  • eq-group-equiis-shareholder-update-1.png
  • eq-group-equiis-shareholder-update-2.png

Not only is the license expired, but this company doesn’t even have a license to do any software development, fintech, or anything like that. The only license they used to have (before it expired) is for Loyalty Card Services. So, once again, only lies. Derek Roga, how will you explain this? Why are you not answering emails? Why are you not answering phone calls? Where are you hiding?

Uploaded files:
  • equiis-dubai-derek-roga.png

Derek Roga and Michele Char must be held accountable for their actions, and it is imperative to put an end to their deceptive practices. 

A suggestion below:

Individuals who have experienced issues with this company are encouraged to take appropriate action by reporting their concerns to the relevant authorities in the UAE. It is crucial to initiate an investigation into the company’s activities.

To kickstart the investigation process, those who have been affected should file formal complaints with either the police or the Ministry of Justice in the UAE. Without these official complaints, an investigation may not commence.

For individuals residing outside the UAE, consider filing a complaint regarding the company’s license at any of the UAE Embassies abroad. A collective effort in raising concerns may prompt government scrutiny, potentially preventing future ventures by Derek Roga and Michele Char and leading to legal consequences for their alleged fraudulent activities.