Argentum 47 Inc (ARGQ)

[Topfuel]

The longs new the risk coming into this with the company needing money
You either believe in Peter and Enzo or not, hopefully you took the time to reach out to them.
Stock is a tool to build your company, The conversions were difficult with penalties attached.

From SEC page
https://www.sec.gov/fast-answers/answersconvertibleshtm.html

If the company has engaged in convertible security financing's, be sure to ascertain the nature of the convertible financing arrangement - fixed versus market price based conversion ratios. Be sure you fully understand the terms of the convertible security financing arrangement, including the circumstances of its issuance and how the conversion formula works. You should also understand the risks and the possible effects on the company and its outstanding securities arising from the below market price conversions and potentially significant additional share issuance's and sales, including dilution to shareholders. You should be aware of the risks arising from the effects of the purchasers and other parties trading strategies, such as short selling activities, on the market price for the company's securities, which may affect the amount of shares issued on future conversions.

The pressure on this stock was in advantage to the conversion company to push it down for more.

Crony's appeared to push the agenda creating helpless feelings for many investors, and they did a good job.

The tide is changing, we have weathered the storm, management has struggled and it has took longer than planned, I was not in favor of the convertible terms for more shares when the price had fallen below agreed price, but it's not my call. Stick around my friends for the rest of the story.
Top