Argentum 47 Inc (ARGQ)

[xdrive]

As I have said to many that have written. We did retire the 450 million common restricted shares. They were physically FedEx´d back to our transfer agent and cancelled hence the reason why the IOS was lowered by 450 million shares (remember that our IOS is Transfer Agent verified on the OTC Markets). In exchange for this act of good faith, we took 45 million Series "B" preferred shares in order to stay in control of our company. We have zero intention of converting them back to common any time soon as it would serve no purpose of what so ever to us personally. We do need to keep them in order, as I stated before, to maintain control of the company. What we did was the right thing to do, what you are asking us to do however won´t happen ever for the reasons I have just stated. We are truly sick and tired of justifying ourselves specially when we personally have not sold a single share since inception of the company and all filing to the SEC prove this beyond a doubt. We are fully audited and fully compliant with SEC rules and regulations and still we have to justify our every move.

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