Here are a few things $ARGQ has going for them that cannot be disputed.
1. They have zero toxic debt so all the trading will be retail.
2. They have financing at .02 cents a share which means no financier will be selling under .02. These are long-term foreign institutional investors.
3. They are always current on their filings fully audited and fully compliant.
$ARGQ management mentioned the following publicly. I would expect the next few quarters to show Cheshire Trafford growth if the below statements are accurate.
Peter J. Smith, CEO of Argentum 47, Inc., said: “We have been working on developing Cheshire Trafford as much as possible to leverage the facility and licenses we own and to maximize the return for our shareholders, but to also put Cheshire Trafford on the map by providing the best financial advice there is with licensed advisors and a quality reputation. Our AR with Aurum Wealth Management is now shaping up nicely with the first business being transacted this month. Our conversations with Elliot Kenny, a director of Global Alternative Administration, dovetailed perfectly with our ambition for Cheshire Trafford; we anticipate around US$2.5 to US$3 million of new business each and every month from this new relationship hence we are delighted to bring Global Alternative Administration into the team at Cheshire Trafford. We are aware that we have recently been very quiet with our news flow of late but deals of this size do take time to finesse and complete; happily now we are over the line and we have already started setting up compliance and administrational support for the in-flows of new business. Finally, we are in talks with a number of other significant business partners for Cheshire Trafford that will help to continue to significantly grow the current the business and thus its recurring and non-recurring revenues.”
Nick Tuke, Director of Cheshire Trafford (UK) Limited, said: “This is the second contractual agreement that we have entered into in order to expand the services of Cheshire Trafford but will certainly be the first to start to produce a torrent of new business. We are working with Global Alternative Administration, also known as ‘The Pension Admin Team’, this week to ensure we are all aware of the procedures, the processing and all of the operational duties in order to make this a successful business relationship. The new business flow will enhance the profitability of Cheshire Trafford significantly and, of course, its Funds under Administration. The relationship also provides a wonderful template for similar companies that we are currently talking to in a similar way.”
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.”
