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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 14, 2020 4:34pm
114 Views
Post# 31267491

RE:RE:Anyone Tried to Get a Car - drivers kept cancelling!

RE:RE:Anyone Tried to Get a Car - drivers kept cancelling!

Still waiting on someone to give feedback on downloading the app and trying to get a car? Would that be one of your first steps before buying any, actually try it?

Someone posted before that heard customer service rep told a friend rides are down from 1000 per day from early Q1 (which was just reported at 280k revenue ex one-time license fee) to only 200 rides per day now (I think Uber does soemthing like 15 million per day).

Interesting there was nothing disclosed about customers/drivers/people traced or any other relevant numbers regarding current operations now which is 3.5 months later. Only the bare minimum to get the statements out. For such a promotional press release company just publishing the minimum quarter end numbers from 3.5 months ago and nothing on the actual current business environment is shocking (or at least means likely nothing good or even remotely positive other than that IQ thing).

Won't they have to report Q2 now in a month by August 15? Decent amount of time to get it back up to $30 if everyone keeps a blind eye and doesn't do any real work on how company is doing.  Maybe they'll be able to morph again with another hot space announcement like a video conferencing app, but if its true business which is rides are down 80% from early Q1, hard to offset that... or maybe not given management's great track record with getting stock price up... 

Bullboard Posts