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Smoke and mirrors
So we know that Petey and Enzo own half of this mob, although I'm not so sure the UK FCA knows......
www.churchilldam.co.uk
And then surprise surprise we find that this Churchill crew only invest clients money into two funds, one of which is this one:
https://www.churchilldam.co.uk/fortuna-global-sicav-sif
So there you have it folks. Churchill take all clients money and stuff it in a nonsense fund and the fund pulls it out and moves it to Petey and the boys.
I wonder how many clients, or even the dimwits at the FCA, know this is going on? Pension scams anyone????
The new con..found it!!
So Pete and Enzo have themselves a new UK based financial firm, details can be found here:
https://find-and-update.company-information.service.gov.uk/company/09749763/filing-history
Check out Sept 3rd Confirmation Statement
That then leads to these guys: https://www.churchilldam.co.uk/document-downloads
And then to this: https://2f54df15-06dd-47c1-9ab7-33a51c957f39.filesusr.com/ugd/24cc87_74c05455eeca4afd88b608c6b61f312a.pdf
And you can see in there Argentum 47 convertible bond.
If you really want to know how bad these people are check the top 3 holdings..... particularly that William Marshall, which you will find mentioned in Argentums 10Q's....
It's one big wheel here, and Pete and Enzo are in the middle!
The con is done.
Enzo and Smith have resigned and the bank manager they took on (along with his girlfriend)has joined Tuke on the board.
Big plans for the business.....and the rats are fast deserting the ship.
Very quiet on here now, I wonder why......
Have the boys gotten tired of posting, or run out of money to pay the bots and trolls?
How do you know when the quarters numbers are due????
When this board sees a rush of activity, paid for shrills turn up pumping the stock and the boys from Hull start posting.
I promise you this, the next set of results will show no additional revenue, no new business and a big fat administration cost that covers the boys wages.
The fund that put money in to this scam in return for equity must be very worried, their investment is slowly dropping to zero.
Come on Mr Luxemburger....time to get your chequebook out again, Pete needs more cash to pay his rent.
Some highlights.....
This Company saw revenue of just $22,694 for the three months, with zero new business.
Remember their revenue is nearly 60% made up from just 3 clients.
Lets get serious here for a moment. You can have all the grand plans you like, but when you have $7,500 revenue a month....you're better off running a candy kiosk.
They have revalued some Duo stock, upped it by $700,000. Given they are so short of cash, why not sell some? Answer; because its an OTC stock and you can't sell.
They have $116,000 in the bank and owe to unrelated third parties $132,000. The rest of the balance sheet is invisible guff. Technically then they are in trouble, realistically they are bankrupt.
They still haven't paid the second payment for the IFA. That's getting on for a year late, but then they don't have any money anyway.
Summing up then, if they spent less time on these boards using multiple log ins to ramp the stock and more time actually running the business they might just make it to the end of the year.
I foresee another Peter entity coming along soon, same as this one and the same operating style....create more cash to spend for another few years.
Wash, rinse, repeat.
Lifted from the 10-Q
As reflected in the accompanying unaudited consolidated financial statements, the Company had a net income of $247,493 and net cash used in operations of $227,347 for the six months ended June 30, 2020; working capital deficit, stockholder’s deficit and accumulated deficit of $260,033, $846,461 and $12,975,695 as of June 30, 2020. It is management’s opinion that these factors raise substantial doubt about the Company’s ability to continue as a going concern for twelve months from the issuance date of this report.
News just in...............
Yet another puff piece extolling the virtues or Joe nobodies, these guys should get a job writing for the National Enquirer.
A quick Google search produces this first off (but we know its not the same chap, just unfortunate name):
https://www.ftadviser.com/your-industry/2020/05/01/adviser-duo-charged-with-7-counts-of-theft/
Digging a little deeper and dear old Mr Luckhurst has NEVER held a regulated position in the UK. You can verify this yourself, search the FCA register.
Also, for a man so well connected and with such a track record, Google cannot trace one single article about him.
So Tuke's given his mate a job. Well done that man. All you "buyers" are paying this guys wages. Nice.
Next up, Mrs Swann. According to the FCA register her employment at NatWest finished in May 2014, and she has not held a regulated position since. So fess up please Tukey, how has she been an IFA for the past six years and not been on the FCA register???
Interesting though, a "top" NatWest man employs an old friend from the same bank who's been out of work for six years? More to this than meets the eye perhaps?
And as for the "ramp up" with "new technology"...pleeeaaseee... so you signed up for an online AML checker, well done chaps. Thats £3 a search and can be done by anyone, hardly ground breaking is it? And a new back office system? So you moved from a server based AO system to a cloud based one...you must be very proud.
Watch out for the numbers due soon. Bigger losses supported by share sales with increased payments to bots and staff for posting on these boards.
I know you read this chaps, Petey and Tuke....close to the bone am I???
Remember this.....
https://www.globenewswire.com/news-release/2019/02/20/1738470/0/en/Cheshire-Trafford-UK-Limited-a-Wholly-Owned-Subsidiary-of-Argentum-47-Inc-on-a-Mission-to-Grow-its-IFA-Business-Exponentially-in-Record-Breaking-Time.html
Another example of these guys not closing a deal....
These are the accounts for the holding company of Cheshire Trafford.
https://beta.companieshouse.gov.uk/company/11107976/filing-history
Sell your car, throw in the kids piggy bank and you've just bought yourself a UK IFA.
Why anyone with half a brain would lend these clowns money is beyond me.
And as you can see from the accounts, they STILL haven't paid the guy the 2nd payment due for Cheshire Trafford, the debt is still on the books but at a lower amount!
Anyone know why he hasn't taken them to court yet????
What's going on, something we should know????
Ladies and gentlemen..........feast your eyes on the latest accounts released for Cheshire Trafford, the only thing this company owns.
https://beta.companieshouse.gov.uk/company/01241763/filing-history
Here are some highlights for you:
End of December 2019 cash in the bank £2,000 (yes you read that correctly, about $2,600.....)
Net Balance sheet... -£71,000... yup thats right, negative £71k
Loss for the year £30k.
So, Argentum 47 owns one asset, which is worth negative USD100,000 and is loosing $40k a year.
And you guys think its about to break out and make you all loads of money.
You should buy a dictionary instead, and look up the meaning of the word deluded.
The company on the boards.
So, how many of the posters here, and we all know who they are from their ramping, are Pete & Co desperately trying to keep information out of the public light and ramp up their POS business?
Some of you who are genuine will read this before it gets deleted as Pete & Co complain.... but when this stock goes to zero and the boys flee to all corners I'll come back and remind you.
Lets be honest here, why would anyone in any place (save for maybe the UK that knows them) be interested in a tin pot pink sheet pile of junk with its one (failing) business in the UK?
State side based guys have hundreds of local companies they can follow and actually meet...
Here's an interesting fact, from the latest quarterly report.
They own one business, a wealth manager in the UK.
The wealth manager gives them around $25,000 per quarter in revenues.
They spend around $180,000 a quarter on their business.
So ask yourself, what company claiming to be so good and with so much value doing business in the old world economy spends over 7 times revenues on "administrative" overheads?
This is not Tech, it is not Pharma, it is not Uber......
This is a company paying its executives massive salaries, running up costs all over the place and doing so with borrowed money, secured on bits of paper they issued (stock) to a fund in Luxemburg that has no clue how the OTC market works.
Hows this going to end, well you don't need me to tell you that....
Before investing in this type of rubbish you should really put yourself through some kind of course to understand what you are reading. Quite frankly you would be better off playing craps.
These guys did not buy into this Dog, they hold the stock as collateral against a loan they gave them.
That means, as the stock value drops so the value of the collateral drops.
And so, ask yourself the question, at what point will the fund rush for the exit and dump its shareholding to try and cover the looming default of the loan?
Has anyone here actually read the latest quarterly report?
Given the present spending, they run out of cash end of this quarter.
So, will they borrow more money from the fund once again diluting shareholders, or just fold up and start again?
Using your cash for themselves.
I see Enzo and Petey boy have been busy off spending your cash for personal means. Get ready for this thing to go belly up and the boys to decamp into something they own in their own names....Tally Ho!!!
https://beta.companieshouse.gov.uk/company/09749763
They own around half I guess....
Just looked at their Creditum investment, and as is normal for these people its all hype, smoke & mirrors and packed with conmen.
Bjorn Hauge ex Romanian property manager. Based in Dubai and used to run Royal Dragon traders. Review here:https://behindmlm.com/mlm-reviews/royal-dragon-traders-review-198-bitcoin-roi-in-90-days/
Also tied into fund raise for this pile of turd: https://uniwebpro.com/wp-content/uploads/2017/12/Business-Plan-1.pdf
David Honneyman. Ex director of failed property business in Marbella, Spain: Andalucian Dream Homes
Tied to this serviced office business in Marbella that has people cold calling for investment: https://os.work/ who also have an office in Dubai (guess that's handy for Hauge).
http://www.infocif.es/empresa/our-space-espana-sl
https://safeorscam.net/ourspace-flop/
https://www.casemine.com/judgement/uk/5e0065bb2c94e06539c0c1ed
Honeyman also/previously ran this: https://www.icosofa.com/channel/lendo/ which I guess may have morphed into Creditum.
So, Peter has a long and chequered history (well he's just stepped down as the front man so he must be getting a tap on the shoulder soon)and is Dubai based, so is Hauge and Enzo (a car hire manager until he met Peter) is Marbella based and knows all the scam boys based there.
And its worth $400m... year right, on that basis my Florida pad is a billion $$ condo....
The fund is on to them, the clock is ticking.................
This will be at zero January....get your shorts on.
You are being played...... this POS is about to fold and die. They part own one asset, a UK based IFA that not only do they not have the money to pay the next instalment for but they are not paying any of their bills. Long term clients are leaving in droves....
What they have been doing is using their licence to chase pension switches into junk that pays them big commissions.
But, the FCA are on to them through the whistle-blowing scheme.
Peter is a long term crook, claims to have had a multi billion $$$ business before, financial services....rubbish. Do your DD, its all smoke and mirrors just like it was before, living the high life off shareholder money.
And the Spanish monkey...just that, a monkey.
Sell now, this POS will be over and dead in January.