Friday, May 10, 2019 7:08:47 PM
$ARGQ DD Packet
$ARGQ website: http://www.arg47.com/
Cheshire Trafford Website: http://ctifa.com/
$ARGQ Twitter presence: https://twitter.com/Argentum47inc/with_replies
$ARGQ issued the following shares at .02 recently based on their exceptional financing agreement with two lenders.
On January 14, 2019, in accordance with the written instructions received by the lender´s Trustees, the Company fully repaid Xantis Aion Securitisation Fund a total of U.S.$424,000 (U.S.$400,000 of principal and a further U.S.$24,000 in accrued interest) by way of the issuance 21,200,000 shares (restricted under Rule 144) of its common stock at a conversion price of U.S.$0.02 per share.
On January 24, 2019, in accordance with the Funding Agreement, the Company fully repaid William Marshal Plc. a total of US$106,000 (US$100,000 of principal and a further US$6,000 in accrued interest) by way of the issuance 5,300,000 shares (restricted under Rule 144) of its common stock at a conversion price of US$0.02 per share.
There will be additional shares issued at .02 this year for the following tranches:
The funds for the first tranche were obtained via a June 8, 2018 loan in the amount of U.S. $735,000 from the Xantis Aion Securitisation Fund, as previously reported in the Company’s Form 8-K Current Report filed with the Securities and Exchange Commission on June 11, 2018.
Issue date June 11,2019
On October 10, 2018, the Company received second tranche of funding from Xantis AION Securitization Fund amounting to $653,040 or GBP 500,000 carrying an interest at the rate of 6% per annum. The Company has a right to pay this note no earlier than 366 days’ post investment of each tranche of funding, by issuing common shares at greater of $0.02 or the average closing price of the Company’s common stock on the OTCBB for the prior 60 trading days. The Company paid a cash commission of $98,651, which was treated as debt issuance costs for this note. This Convertible Note No. 002 issued to Xantis will mature on October 11, 2019. Issue Date October 11, 2019
Note 5 – Acquisition of Cheshire Trafford (UK) Limited
On August 1, 2018, the Company completed the acquisition of Cheshire Trafford (UK) Limited (“Cheshire Trafford”) pursuant to a Share Purchase Agreement dated as of August 1, 2018 and acquired 100% of the ordinary shares of Cheshire Trafford.
Cheshire Trafford acts as a broker for the sale of Lump Sum or Single Premium Insurance Policies and Regular Premium Investment or Insurance Policies that are issued by reputable third party insurance companies.
The purchase consideration for the acquisition of Cheshire Trafford is based on a formula of 2.7 times Cheshire Trafford’s projected annual recurring revenues for the calendar year ending December 31, 2018. We took the gross revenues of Cheshire Trafford for the five months ended May 31, 2018, and annualized those recurring revenues and multiplied those revenues by 2.7 times in arriving at the contractual purchase consideration of $516,795. The purchase consideration is payable in following three installments:
? The first installment of $175,710 has been paid upon closing of the transaction.
? The second installment of $170,542 is due 18 months after the acquisition date.
? The third installment of $170,542 is due 36 months after the acquisition date.
The second and third installments could be reduced (but not increased) in the event that Cheshire Trafford’s trailing or recurring revenues are less than agreed recurring income target of GBP 144,185 during the 12-month period commencing on the Acquisition date, hence these two installments are treated as a contingent purchase consideration. Based on the historical data available regarding the recurring/trail revenues of Cheshire Trafford, Management believes that there is a 95% probability that Cheshire Trafford will achieve the recurring income target of GBP 144,185 during the 12-month period ending on July 31, 2019. Hence, the contingent purchase consideration is adjusted to take into account this probability factor.
In addition, to calculate the fair value of the contingent purchase consideration, our Management has discounted the remaining two installments of $341,084 to be paid, at a discount rate of 6% (our borrowing rate for the purpose of acquisitions) to arrive at the present value of $284,298 at the acquisition date. Total fair value of the purchase consideration is as follows:
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
https://www.otcmarkets.com/stock/ARGQ/news/story?e&id=1290106
Cheshire Trafford (UK) Limited, a Wholly Owned Subsidiary of Argentum 47, Inc., Executes Yet Another Agreement That Will Lead to Exponential Organic Growth of its Funds Under Administration
https://www.otcmarkets.com/stock/ARGQ/news/story?e&id=1303149
The reason why it will grow fast is because of the licenses $ARGQ has acquired from Cheshire Trafford.
By leveraging the licenses that we now own, we can significantly increase our business and revenues at very little extra cost and improve profitability. We intend to market the Company as a United Kingdom licensed entity for various Appointed Representatives (“AR”) and also Introducer Appointed Representatives “(IAR”). In 2018, Aurum Wealth Management Limited was approved by the UK Financial Authority “(FCA”) as an AR of Cheshire Trafford UK Limited and in early 2019, Global Alternative Administration (The Pension Admin Team) was appointed as an IAR to Cheshire Trafford UK Limited.
Having a European Union (EU) license will allow the Company to act in a role similar to an Appointed Representative (AR) for European Union wide brokerages. On October 1, 2018, the rules regarding financial services changed in Europe. There are over 10,000 entities and also individuals offering advice in Europe who now require a new license and we, through our subsidiary, Cheshire Trafford UK Limited, intend to thoroughly explore these new business opportunities.
During the latter part of 2018 and early 2019, the Company´s IFA business, Cheshire Trafford (UK) Limited, commenced leveraging its licenses in order to put in motion an aggressive marketing strategy with a view to significantly increase the business (funds under administration) and, by defect, the revenues. This was implemented at very little extra cost and will improve, over time, our current recurring and non-recurring revenues. The Company also started to market its IFA business as a United Kingdom fully licensed entity for various Appointed Representatives (“AR”) and also Introducer Appointed Representatives (“IAR”); hence, in late 2018, Aurum Wealth Management Limited was approved by the UK Financial Authority (“FCA”) as an AR of Cheshire Trafford and in early 2019, Global Alternative Administration (The Pension Admin Team) was appointed as an IAR to Cheshire Trafford. The Company has also completely revamped the website of our IFA business ( www.ctifa.com ) and started a UK radio campaign as part of the IFA Business´ marketing strategy.
Enzo Taddei, Director of Argentum 47, Inc., said: “When we acquired Cheshire Trafford back in August of 2018, we knew that we would have a lot of work ahead of us in order to set up new procedures and get the team thinking, acting and reacting in accordance to our business model. We were somewhat fixated on the idea of acquiring as many of Independent Financial Advisory firms as possible but then we realised that we had bought a Company with extremely valuable licenses and also a lot of potential for organic growth. By entering into these Appointed Representative (AR) and Introducer Appointed Representative (IAR) agreements like the one we announced in Q4 2018 regarding Aurum Wealth Management and this new one with Global Alternative Administration, we have found a way to grow Cheshire Trafford’s Funds under Administration exponentially at practically zero cost and without the need of the arduous financial statement audits that, as we all know, take forever to get done. With that said, we are still contemplating further acquisitions in the United Kingdom and also in South East Asia.”
Due to ever growing stringent FCA rules, there were so many companies and people that have loads of clients but now can not give "Financial Advice" hence $ARGQ is in a prime position to offer them a "Home" Being an Independent financial Advisor Cheshire can give the full spectrum of financial advice so that is why many financial companies are sending their clients to them.
The recent 10Q talked about potentially acquiring more fund advisory companies. Here is what was said in the 10Q
https://www.otcmarkets.com/filing/html?id=13421363&guid=9wGyUWHM7TChe3h
Our specific plan of operations and milestones from May 2019 through April 2020 are as follows:
1. CAPITAL MARKETS
The Company intends to continue its mandate to assist its client, Creditum Limited, with the listing of the company´s shares on a recognized European Stock Exchange.
2. ACQUIRE CERTAIN INDEPENDENT FINANCIAL ADVISORY FIRMS WITH MONEY UNDER ADMINISTRATION:
The Company intends to acquire more advisory firms with funds under administration during the next 12 months. Management has already targeted several of these firms for acquisition in the United Kingdom and also in South East Asia and is currently analyzing the firms on an individual basis to identify the best possible value proposition for the Company. Twelve individual companies are being thoroughly examined as of May 2019.
As the Company acquires more Financial Advisory firms, each book of business will be analyzed to achieve the maximum return and revenue from the client bank without affecting the client offering. In addition, certain cost savings will be managed into the budgets by using technology for the administration, looking for duplication of services and by managing the client and the funds under administration in a more efficient way.
The acquisition of these entities will open up a new network for the services of:
? New capital markets clients.
? Distribution of new funds / products.
? Maximizing the current books of business being bought.
? Expand and thus increase business via more financial advisors.
? Seek products that offer both a minimum of 1% trail (recurring) income and a secure risk averse home for clients’ funds.
? Seek cost savings, where possible, due to elimination of duplicate services.
? Implement rapid and efficient systems in order to allow information to flow to the clients and to management more effectively.
? Acquiring smaller, active client banks into our licenses and procedures for cost effective growth.
3. SEEK FURTHER FUNDING FOR FURTHER INORGANIC GROWTH VIA ACQUISITION
We intend to continue to seek further funding under similar or better terms than the funding that we secured during 2018. We are currently negotiating terms with a new European based Regulated Fund for long term funding in excess of U.S. $10 million to accelerate our inorganic growth and acquisition plan with a view to consolidate our Company in the market place. However, we do not currently have a written agreement for this additional funding, but we do expect to finalize terms in the near future.
4. CONTINUE TO DEVELOP AND GROW ALREADY ACQUIRED IFA BUSINESSES
By leveraging the licenses that we now own, we can significantly increase our business and revenues at very little extra cost and improve profitability. We intend to market the Company as a United Kingdom licensed entity for various Appointed Representatives (“AR”) and also Introducer Appointed Representatives (“IAR”). In 2018, Aurum Wealth Management Limited was approved by the UK Financial Authority (“FCA”) as an AR of Cheshire Trafford (UK) Limited and in early 2019, Global Alternative Administration (The Pension Admin Team) was appointed as an IAR to Cheshire Trafford (UK) Limited.
Creditum IPO
$ARGQ Creditum Update
Enzo CFO Tweets concerning Creditum
$ARGQ: Creditum is a client of Argentum 47, Inc., our Company was retained to assist them with a "Big Board" European Stock Exchange listing in exchange for an interesting equity stake… this client is now shaping up. Valuation looking very good.
$ARGQ: Creditium´s Director also stated in their PR: "The Company is also in the process of obtaining a stock exchange listing, which means that its valuation should be further enhanced once the shares are publicly tradable."
$ARGQ - Creditum´s Director stated: "Creditum has already obtained a DCF valuation estimate of over 100 million euros, from one of the big four auditor firms."
$ARGQ Creditum Limited News. Our client Creditum has recently released a PR. See link: https://www.reuters.com/brandfeatures/venture-capital/article?id=89258&;
$ARGQ website: http://www.arg47.com/
Cheshire Trafford Website: http://ctifa.com/
$ARGQ Twitter presence: https://twitter.com/Argentum47inc/with_replies
$ARGQ issued the following shares at .02 recently based on their exceptional financing agreement with two lenders.
On January 14, 2019, in accordance with the written instructions received by the lender´s Trustees, the Company fully repaid Xantis Aion Securitisation Fund a total of U.S.$424,000 (U.S.$400,000 of principal and a further U.S.$24,000 in accrued interest) by way of the issuance 21,200,000 shares (restricted under Rule 144) of its common stock at a conversion price of U.S.$0.02 per share.
On January 24, 2019, in accordance with the Funding Agreement, the Company fully repaid William Marshal Plc. a total of US$106,000 (US$100,000 of principal and a further US$6,000 in accrued interest) by way of the issuance 5,300,000 shares (restricted under Rule 144) of its common stock at a conversion price of US$0.02 per share.
There will be additional shares issued at .02 this year for the following tranches:
The funds for the first tranche were obtained via a June 8, 2018 loan in the amount of U.S. $735,000 from the Xantis Aion Securitisation Fund, as previously reported in the Company’s Form 8-K Current Report filed with the Securities and Exchange Commission on June 11, 2018.
Issue date June 11,2019
On October 10, 2018, the Company received second tranche of funding from Xantis AION Securitization Fund amounting to $653,040 or GBP 500,000 carrying an interest at the rate of 6% per annum. The Company has a right to pay this note no earlier than 366 days’ post investment of each tranche of funding, by issuing common shares at greater of $0.02 or the average closing price of the Company’s common stock on the OTCBB for the prior 60 trading days. The Company paid a cash commission of $98,651, which was treated as debt issuance costs for this note. This Convertible Note No. 002 issued to Xantis will mature on October 11, 2019. Issue Date October 11, 2019
Note 5 – Acquisition of Cheshire Trafford (UK) Limited
On August 1, 2018, the Company completed the acquisition of Cheshire Trafford (UK) Limited (“Cheshire Trafford”) pursuant to a Share Purchase Agreement dated as of August 1, 2018 and acquired 100% of the ordinary shares of Cheshire Trafford.
Cheshire Trafford acts as a broker for the sale of Lump Sum or Single Premium Insurance Policies and Regular Premium Investment or Insurance Policies that are issued by reputable third party insurance companies.
The purchase consideration for the acquisition of Cheshire Trafford is based on a formula of 2.7 times Cheshire Trafford’s projected annual recurring revenues for the calendar year ending December 31, 2018. We took the gross revenues of Cheshire Trafford for the five months ended May 31, 2018, and annualized those recurring revenues and multiplied those revenues by 2.7 times in arriving at the contractual purchase consideration of $516,795. The purchase consideration is payable in following three installments:
? The first installment of $175,710 has been paid upon closing of the transaction.
? The second installment of $170,542 is due 18 months after the acquisition date.
? The third installment of $170,542 is due 36 months after the acquisition date.
The second and third installments could be reduced (but not increased) in the event that Cheshire Trafford’s trailing or recurring revenues are less than agreed recurring income target of GBP 144,185 during the 12-month period commencing on the Acquisition date, hence these two installments are treated as a contingent purchase consideration. Based on the historical data available regarding the recurring/trail revenues of Cheshire Trafford, Management believes that there is a 95% probability that Cheshire Trafford will achieve the recurring income target of GBP 144,185 during the 12-month period ending on July 31, 2019. Hence, the contingent purchase consideration is adjusted to take into account this probability factor.
In addition, to calculate the fair value of the contingent purchase consideration, our Management has discounted the remaining two installments of $341,084 to be paid, at a discount rate of 6% (our borrowing rate for the purpose of acquisitions) to arrive at the present value of $284,298 at the acquisition date. Total fair value of the purchase consideration is as follows:
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
https://www.otcmarkets.com/stock/ARGQ/news/story?e&id=1290106
Cheshire Trafford (UK) Limited, a Wholly Owned Subsidiary of Argentum 47, Inc., Executes Yet Another Agreement That Will Lead to Exponential Organic Growth of its Funds Under Administration
https://www.otcmarkets.com/stock/ARGQ/news/story?e&id=1303149
The reason why it will grow fast is because of the licenses $ARGQ has acquired from Cheshire Trafford.
By leveraging the licenses that we now own, we can significantly increase our business and revenues at very little extra cost and improve profitability. We intend to market the Company as a United Kingdom licensed entity for various Appointed Representatives (“AR”) and also Introducer Appointed Representatives “(IAR”). In 2018, Aurum Wealth Management Limited was approved by the UK Financial Authority “(FCA”) as an AR of Cheshire Trafford UK Limited and in early 2019, Global Alternative Administration (The Pension Admin Team) was appointed as an IAR to Cheshire Trafford UK Limited.
Having a European Union (EU) license will allow the Company to act in a role similar to an Appointed Representative (AR) for European Union wide brokerages. On October 1, 2018, the rules regarding financial services changed in Europe. There are over 10,000 entities and also individuals offering advice in Europe who now require a new license and we, through our subsidiary, Cheshire Trafford UK Limited, intend to thoroughly explore these new business opportunities.
During the latter part of 2018 and early 2019, the Company´s IFA business, Cheshire Trafford (UK) Limited, commenced leveraging its licenses in order to put in motion an aggressive marketing strategy with a view to significantly increase the business (funds under administration) and, by defect, the revenues. This was implemented at very little extra cost and will improve, over time, our current recurring and non-recurring revenues. The Company also started to market its IFA business as a United Kingdom fully licensed entity for various Appointed Representatives (“AR”) and also Introducer Appointed Representatives (“IAR”); hence, in late 2018, Aurum Wealth Management Limited was approved by the UK Financial Authority (“FCA”) as an AR of Cheshire Trafford and in early 2019, Global Alternative Administration (The Pension Admin Team) was appointed as an IAR to Cheshire Trafford. The Company has also completely revamped the website of our IFA business ( www.ctifa.com ) and started a UK radio campaign as part of the IFA Business´ marketing strategy.
Enzo Taddei, Director of Argentum 47, Inc., said: “When we acquired Cheshire Trafford back in August of 2018, we knew that we would have a lot of work ahead of us in order to set up new procedures and get the team thinking, acting and reacting in accordance to our business model. We were somewhat fixated on the idea of acquiring as many of Independent Financial Advisory firms as possible but then we realised that we had bought a Company with extremely valuable licenses and also a lot of potential for organic growth. By entering into these Appointed Representative (AR) and Introducer Appointed Representative (IAR) agreements like the one we announced in Q4 2018 regarding Aurum Wealth Management and this new one with Global Alternative Administration, we have found a way to grow Cheshire Trafford’s Funds under Administration exponentially at practically zero cost and without the need of the arduous financial statement audits that, as we all know, take forever to get done. With that said, we are still contemplating further acquisitions in the United Kingdom and also in South East Asia.”
Due to ever growing stringent FCA rules, there were so many companies and people that have loads of clients but now can not give "Financial Advice" hence $ARGQ is in a prime position to offer them a "Home" Being an Independent financial Advisor Cheshire can give the full spectrum of financial advice so that is why many financial companies are sending their clients to them.
The recent 10Q talked about potentially acquiring more fund advisory companies. Here is what was said in the 10Q
https://www.otcmarkets.com/filing/html?id=13421363&guid=9wGyUWHM7TChe3h
Our specific plan of operations and milestones from May 2019 through April 2020 are as follows:
1. CAPITAL MARKETS
The Company intends to continue its mandate to assist its client, Creditum Limited, with the listing of the company´s shares on a recognized European Stock Exchange.
2. ACQUIRE CERTAIN INDEPENDENT FINANCIAL ADVISORY FIRMS WITH MONEY UNDER ADMINISTRATION:
The Company intends to acquire more advisory firms with funds under administration during the next 12 months. Management has already targeted several of these firms for acquisition in the United Kingdom and also in South East Asia and is currently analyzing the firms on an individual basis to identify the best possible value proposition for the Company. Twelve individual companies are being thoroughly examined as of May 2019.
As the Company acquires more Financial Advisory firms, each book of business will be analyzed to achieve the maximum return and revenue from the client bank without affecting the client offering. In addition, certain cost savings will be managed into the budgets by using technology for the administration, looking for duplication of services and by managing the client and the funds under administration in a more efficient way.
The acquisition of these entities will open up a new network for the services of:
? New capital markets clients.
? Distribution of new funds / products.
? Maximizing the current books of business being bought.
? Expand and thus increase business via more financial advisors.
? Seek products that offer both a minimum of 1% trail (recurring) income and a secure risk averse home for clients’ funds.
? Seek cost savings, where possible, due to elimination of duplicate services.
? Implement rapid and efficient systems in order to allow information to flow to the clients and to management more effectively.
? Acquiring smaller, active client banks into our licenses and procedures for cost effective growth.
3. SEEK FURTHER FUNDING FOR FURTHER INORGANIC GROWTH VIA ACQUISITION
We intend to continue to seek further funding under similar or better terms than the funding that we secured during 2018. We are currently negotiating terms with a new European based Regulated Fund for long term funding in excess of U.S. $10 million to accelerate our inorganic growth and acquisition plan with a view to consolidate our Company in the market place. However, we do not currently have a written agreement for this additional funding, but we do expect to finalize terms in the near future.
4. CONTINUE TO DEVELOP AND GROW ALREADY ACQUIRED IFA BUSINESSES
By leveraging the licenses that we now own, we can significantly increase our business and revenues at very little extra cost and improve profitability. We intend to market the Company as a United Kingdom licensed entity for various Appointed Representatives (“AR”) and also Introducer Appointed Representatives (“IAR”). In 2018, Aurum Wealth Management Limited was approved by the UK Financial Authority (“FCA”) as an AR of Cheshire Trafford (UK) Limited and in early 2019, Global Alternative Administration (The Pension Admin Team) was appointed as an IAR to Cheshire Trafford (UK) Limited.
Creditum IPO
$ARGQ Creditum Update
Enzo CFO Tweets concerning Creditum
$ARGQ: Creditum is a client of Argentum 47, Inc., our Company was retained to assist them with a "Big Board" European Stock Exchange listing in exchange for an interesting equity stake… this client is now shaping up. Valuation looking very good.
$ARGQ: Creditium´s Director also stated in their PR: "The Company is also in the process of obtaining a stock exchange listing, which means that its valuation should be further enhanced once the shares are publicly tradable."
$ARGQ - Creditum´s Director stated: "Creditum has already obtained a DCF valuation estimate of over 100 million euros, from one of the big four auditor firms."
$ARGQ Creditum Limited News. Our client Creditum has recently released a PR. See link: https://www.reuters.com/brandfeatures/venture-capital/article?id=89258&;
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