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Argo Corp V.ARGH

Alternate Symbol(s):  ARGHF

Argo Corporation is a Canada-based company. The Company is a technology venture delivering the vertically and publicly integrated city transit system designed to augment public transportation and create a network of intelligently routed vehicles that work together to serve and scale to the needs of entire cities, putting people in control of their mobility. The Company’s solution integrates custom software with vehicular hardware to create a network of intelligently routed vehicles that work together to serve and scale real-time to the needs of entire cities. The Company’s mobile application delivers on-demand, door-to-door service that is fully integrated with existing transit lines and systems. The Company partners with cities, transit agencies, and governments to increase ridership to existing public transit systems and put people in control of their mobility.


TSXV:ARGH - Post by User

Bullboard Posts
Comment by humanist945on Jul 11, 2020 5:35pm
137 Views
Post# 31256147

RE:RE:RE:Article 2

RE:RE:RE:Article 2

What is about then, those are the ambiguous statements that are associated with stock promotion. Could pay a university student $1,000 and would take them a weekend to replicate the app/technology, then few thousand more to sign some drivers up and plant some trees. Same goes for their 'tracing', food and any other apps they announce that are in 'hot' sectors. The real brilliance has been the ability of insider and promoters in shadows from the broken weed space to get this to an insane valuation and capitalize all the hype. 

Drivers always usually run multiple ride apps (costs them nothing), most of the few cars you see available are not exclusive FD drivers. FD is normally third tier of any of the 5 cars that show up in the GTA after Uber, Lyft also running for them looking for pick-ups. Just look at the (real) app reviews (not the random bursts of 5 star ones that seem to get posted). One of the classic signs of unreliable reviews/ratings is a 5star - 1star barbell. 


Why not disclose sign ups, rides, customers any of those stats. They have time to put out promotional press releases everyday, yet can't get that information or financial statements out. Never heard of their accountants NVS. 


Shares are trading at 2000x revenue, Shop is at 80x and considered incredibly high. Uber is 5x revenue. 
 

 

 

Bullboard Posts