ARGQ Argentum 47 Inc (PK)

ITEM 8.01 OTHER EVENTS.

On February 26, 2021, the Board of Directors of Argentum 47, Inc. (“Company”) determined that it would be in the best interests of the Company to terminate the Company’s registration with the Securities and Exchange Commission (“Commission”) under Section 12(g) of the Securities Exchange Act of 1934 (“Exchange Act”) by filing a Form 15 with the Commission.

We intend to file the Form 15 on March 2, 2021. After filing the Form 15, we will no longer be filing periodic reports on Form 10-K, Form 10-Q or Form 8-K. However, we will be posting information about the Company with OTC Markets under its Alternative Reporting Standard on an annual and quarterly basis. Our shares of common stock will continue to be quoted on the Pink Market.

For the last ten years, we have been periodically and consistently reporting to the SEC. In August of 2018, we acquired Cheshire Trafford UK Limited, a United Kingdom Independent Financial Advisory firm (IFA). This subsidiary was acquired after enduring an audit that took almost 9 months to complete. Prior to the acquisition of Cheshire Trafford, there were two other Independent financial advisory firms that we would have acquired. One was based in the United Kingdom and the other in Malaysia. We had agreed to terms with both firms and unfortunately ended up not acquiring either, as audits were taking way too long to get finalized and the principals of both potential acquisitions grew tired and decided to not sell their businesses to our Company.

Today, after months of verbal negotiations, we have another potential acquisition in our sights. It is an Independent Financial Advisory firm based in Singapore administering more than $200 million U.S. Dollars and historical gross income of more than $2 million U.S. Dollars.

As previously reported on our Current Report on Form 8-K filed with the Commission on December 4, 2021, on December 3, 2020, we agreed to funding terms for $3 to $5 million U.S. Dollars with a Regulated Fund based in Luxembourg; hence, we already have the money committed to acquire the Singaporean asset.

If we were to continue to report to the SEC, the Singaporean IFA would have to undergo an audit of its prior two fiscal years and, historically, we know that this will take at least 6 to 9 months to complete. By opting to post information about the Company with OTC Markets under its Alternative Reporting Standard on a quarterly and annual basis, these cumbersome audits will not be required; hence, once we finalize our stringent due diligence process, we will be able to go directly to a Letter of Intent and then start the process of acquiring this Company immediately after.