Argentum 47 Inc (ARGQ)

[billywizz]

More rubbish.

Argentum 47 Financial Management Limited is a holding company with one asset, Cheshire Trafford. It has no revenue.

Cheshire Trafford is still authorised by the FCA in the UK, they have not agreed to de-authorise them.
The business is banned from trading and has an asset restriction order. That means they need the FCA approval before selling it.
Anybody buying this business needs to make good the outstanding compensation awards and convince the FCA they can review and manage the clients.
But, the business has been closed over a year, it has no clients!!

The US parent, Argentum 47 Inc, signed the purchase agreement for Cheshire Trafford. Just because you sell the business on, it does not mean you don't have to honour that agreement.

So, how much would you pay for a business in 100's of thousands of debt, with no clients, that is banned from trading???

Typical Stephenson, rubbish and lies.