The forward looking statements $ARGQ put out are pretty impressive. They should announce fund acquisition news next week and they added a few new clients they didn't even announce yet. Along with the 5 million dollars in funding they secured and bringing their client Blackstone public this year things are looking bright for the new company.
ARGQ WILL ACQUIRE CERTAIN FINANCIAL ADVISORY FIRMS WITH MONEY UNDER MANAGEMENT
Initially, the Company intends to acquire four licensed financial advisory firms with funds under management on or before April 15, 2018, two of which are based in the United Kingdom and the other two are based in Malaysia. These four financial advisory firms currently have an aggregate US$150 million of funds under management. These targeted acquisitions have been identified, non-binding letters of intent have already been agreed to and signed and their two-year financial statement audits are almost complete. Each acquisition will form part of the newly incorporated subsidiary called Argentum 47 Financial Management Limited. These acquisitions will be, in essence, the acquisition of stable and long term recurring and non-recurring revenues.
The company intends to commence acquiring four licensed financial advisory firms with funds under management during the month of April 2018, two of which are based in the United Kingdom and the other two in Malaysia. All four advisory firms currently have an aggregate US$150 million of funds under management, non-binding letters of intent have already been agreed and signed, the two year financial statement audits are almost complete and the acquisition documents for all four intended acquisitions are currently being drawn up by legal counsel in the UK and in Malaysia, respectively. Each acquisition will form part of the newly incorporated subsidiary called Argentum 47 Financial Management Limited. These acquisitions will be, in essence, the acquisition of stable and long term recurring and non-recurring revenues.
Once the Company acquires these initial four financial advisory firms, the Company intends to continue growing in 2018 and 2019 by acquiring more financial advisory firms that already have been identified.
The acquisition of these entities will open up a new controlled network for the services of:
1. New capital markets clients
2. Distribution of new funds / products
3. Maximizing the current books of business being bought
4, Expand both Malaysia and UK business via more financial advisors
5. Expand the Isle of Man company by making its offering to a wider audience on a global basis
6. Overlay the Isle of Man products into our own network of acquisitions.
MILESTONES FOR 2018-2019:
To date, we have 8 clients under contract that we deem to be active and are either seeking a listing on a recognized stock exchange or quoted on the OTC Markets or seeking funding for acquisition and growth or seeking Human Resources Recruitment services:
1. Emaar Construction - Dubai Government Entity Kingdom of Saudi Arabia
2. Graphite Resources (DEP) LtdWaste to Energy United Kingdom
3. Blackstone Natural Resources SA Natural Resources BVI
4. Ali Group MENA FZ-LLC Hospitality United Arab Emirates
5. Fly-A-Deal Travel Kingdom of Saudi Arabia
6. Falcon Eye Technology Construction and System Integrators United Arab Emirates
7. Veolia Middle East Waste to Energy Oman
8. OCS ROH Facilities Management Thailand
link t0 10K filing: http://www.secinfo.com/d1DY5f.j4Xa.htm#1stPage
ARGQ WILL ACQUIRE CERTAIN FINANCIAL ADVISORY FIRMS WITH MONEY UNDER MANAGEMENT
Initially, the Company intends to acquire four licensed financial advisory firms with funds under management on or before April 15, 2018, two of which are based in the United Kingdom and the other two are based in Malaysia. These four financial advisory firms currently have an aggregate US$150 million of funds under management. These targeted acquisitions have been identified, non-binding letters of intent have already been agreed to and signed and their two-year financial statement audits are almost complete. Each acquisition will form part of the newly incorporated subsidiary called Argentum 47 Financial Management Limited. These acquisitions will be, in essence, the acquisition of stable and long term recurring and non-recurring revenues.
The company intends to commence acquiring four licensed financial advisory firms with funds under management during the month of April 2018, two of which are based in the United Kingdom and the other two in Malaysia. All four advisory firms currently have an aggregate US$150 million of funds under management, non-binding letters of intent have already been agreed and signed, the two year financial statement audits are almost complete and the acquisition documents for all four intended acquisitions are currently being drawn up by legal counsel in the UK and in Malaysia, respectively. Each acquisition will form part of the newly incorporated subsidiary called Argentum 47 Financial Management Limited. These acquisitions will be, in essence, the acquisition of stable and long term recurring and non-recurring revenues.
Once the Company acquires these initial four financial advisory firms, the Company intends to continue growing in 2018 and 2019 by acquiring more financial advisory firms that already have been identified.
The acquisition of these entities will open up a new controlled network for the services of:
1. New capital markets clients
2. Distribution of new funds / products
3. Maximizing the current books of business being bought
4, Expand both Malaysia and UK business via more financial advisors
5. Expand the Isle of Man company by making its offering to a wider audience on a global basis
6. Overlay the Isle of Man products into our own network of acquisitions.
MILESTONES FOR 2018-2019:
To date, we have 8 clients under contract that we deem to be active and are either seeking a listing on a recognized stock exchange or quoted on the OTC Markets or seeking funding for acquisition and growth or seeking Human Resources Recruitment services:
1. Emaar Construction - Dubai Government Entity Kingdom of Saudi Arabia
2. Graphite Resources (DEP) LtdWaste to Energy United Kingdom
3. Blackstone Natural Resources SA Natural Resources BVI
4. Ali Group MENA FZ-LLC Hospitality United Arab Emirates
5. Fly-A-Deal Travel Kingdom of Saudi Arabia
6. Falcon Eye Technology Construction and System Integrators United Arab Emirates
7. Veolia Middle East Waste to Energy Oman
8. OCS ROH Facilities Management Thailand
link t0 10K filing: http://www.secinfo.com/d1DY5f.j4Xa.htm#1stPage
