Argentum 47 Inc (ARGQ)

[flatcapnorthener]

Here's an interesting fact, from the latest quarterly report.

They own one business, a wealth manager in the UK.

The wealth manager gives them around $25,000 per quarter in revenues.

They spend around $180,000 a quarter on their business.

So ask yourself, what company claiming to be so good and with so much value doing business in the old world economy spends over 7 times revenues on "administrative" overheads?
This is not Tech, it is not Pharma, it is not Uber......

This is a company paying its executives massive salaries, running up costs all over the place and doing so with borrowed money, secured on bits of paper they issued (stock) to a fund in Luxemburg that has no clue how the OTC market works.

Hows this going to end, well you don't need me to tell you that....