Overview On February 20, 2018, our Board of Directors and the shareholders holding a majority of the voting rights in the Company approved an amendment to the Articles of Incorporation to change the name of the Company to Argentum 47, Inc.
Reasons for action No. 1 The Company believes it should change its name to Argentum 47, Inc. to reflect the new direction and brand of the Company as it becomes engaged in advisory and fund management, among other business pursuits.
https://ih.advfn.com/p.php?pid=nmona&article=76481597 Global Equity International Inc. Agrees to a Minimum of US$2,700,000 of Capital Funding with Xantis Private Equity Heres part of the press release below for acquisition targets. These two Funding Agreements are a major milestone in the development for Global Equity International Inc. allowing the Company to properly implement its business plan, growth by acquisition, and know that firm commitments can be made in the coming days, weeks and months.
The Capital Funding received will mainly be deployed for inorganic growth via acquisitions of various advisory firms with funds under management, reduction of indebtedness and general working capital purposes.
Over the last 12 months, management has identified various Advisory Firms with Funds Under management, in the United Kingdom and also South East Asia, managing circa US$180,000,000 of Funds.
In June of 2017, management executed letters of intent to acquire two advisory firms with circa US$90,000,000 under management and in excess of 700 clients. The first being a financial advisory firm fully licenced by the United Kingdom Financial Conduct Authority (FCA) with approximately US$51,000,000 of funds under management. The second company is an Isle of Man based “Discretionary Fund Management Group” with approximately US$39,000,000 of funds under management.
On October 25, 2017, management executed a letter of intent to acquire two Asian based financial advisory firms with approximately US$90,000,000 of funds under management. These two advisory firms have a client base into the thousands, a small but highly effective distribution force, 20 more staff and a true regulatory diversification with a second footing in the ever expanding Asian markets.
All four of these targeted acquisitions have been in business for many years, are cash flow positive and profitable and have a firm stronghold position within the financial services sector.
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