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I am just getting excited here. I have been adding. Bitc continues to give me the risk on signal. I am in on the stock and still can add a decent amount of shares at these prices. I am surprised a genuine incorporation with high level success is still available at the risk/reward prices that I am getting here.
Thank You. Glad you answered. I know you’re up to date.
No 10Q for first quarter.
A 10K should be issued by the end of March to include 4th quarter information.
Is there a reason you believe this stock will be up listed to the Nasdaq? I see in the filings there no intention of diluting but I haven’t see any plans of them up listing.
The share structure will change upon an uplisting to the NASDAQ. It won't have anything to do with the $75 million financing, so you are only partially correct. Phoenix won't let any toxic financing to take place. That was pretty much spelled out to a "T" in the latest 8K my friend.
Mark out
Expecting major dilution for the 75M financing
Here's a one liner:
https://phoenixgroupuae.com
A real company my friend
Buyer beware... Too much one line pumping here.
See how easy that is lol
Haha! We will see what happens here...
Major red flag with this one line pumping posts on the board.
locked & loaded & just patiently waiting for the ride to start...
Yea, probably. When that goes through though, things should get pretty interesting here to say the least. Someone is being pretty aggressive, however.
Mark out
maybe not really enough volume /movement but its a start
Maybe that $75 million + financing came through now and someone caught wind of it?
Mark out
yea interesting volume
Are we getting front loaded here today or does somebody know something, or both? Liking that L2 right now.
Mark out
Agreed. Got to get some updates. Current management has about 4 months left to get financing done or they're fired according to the latest 8K. They are on a short leash, so it seems.
Mark out
A tradeless day is not very encouraging.
yea maybe so weird to be only $2 and change
https://news.bitcoin.com/bitcoin-mining-company-phoenix-group-reports-50-net-income-increase-and-20-sales-growth/
Quote: "Our success has been impressive, but 2024 promises to be truly transformative"
Mark out
Perhaps it has something to do with the exceptionally large foreign ownership?
Mark out
I also follow them on LinkedIn and they have recently indicated that they are expecting a very big 2024. Not sure what exactly all that entails, but I'm assuming that part of their plan involves the TCRI shell.
Mark out
Thanks wonder why they went with such a large share structure? Very odd
how has phoenix been trading in dubai? have no idea how to find that
I'm counting on it. When we get some positive updates on where they're at on that funding, then we'll get some good traction here. Perhaps even a historic move based on "who" is calling the shots and the amount of money potentially involved. 💰
Mark out
hopefully these prices will be history in a few months
There was a major pump back then from Dino and his minions
TCRI=maybe the big pushers sold out and need to buy back and are holding it down to do so = and then? imo
TCRI = This stock broke $2.00 a share on a rumor that it had a connection to The Phoenix Group = now it has been confirmed and nothing? IMO
Whos' website are you referring to? Phoenix or TechCom? I guess it doesn't really matter because Phoenix owns the majority of the TCRI shell, and they are one of the biggest Bitcoin mining companies in the world. So, as they say, looks can be deceiving I suppose.
Mark out
Their website looks like a fraud
$TCRI
Phoenix Up in 2023!
— Phoenix Group (@phoenixgroupuae) February 16, 2024
Earnings Soar 50% Sales Boom 20% Public Listing in Abu Dhabi! 🇦🇪
Get ready for an even brighter 2024! pic.twitter.com/FKlWcID8Gn
Yea, you're probably right. I'll sell now.
Mark out
You keep focusing on Charlie.
Charlie is not driving the train.
The train is being driven by the MAJORITY STAKEHOLDERS of TCRI who are Ali Munaf and the CREW from the Phoenix Group.
At Phoenix Group, we are passionate about the potential of blockchain and cryptocurrency to revolutionize the way we do business. We are proud to be recognized as leaders in the field, offering a comprehensive range of services that spread beyond the fields of the web3 environment.
Our Story
In 2017, Bijan Alizadeh Fard and Munaf Ali established Phoenix Group, which is today a conglomerate of 23 businesses that operate nine mining facilities in the US, Canada, CIS, and the UAE, the last of which being where its joint venture with the Abu Dhabi government has built a $2 billion crypto mining farm that is now considered the biggest of its kind in the world.
Experienced Team
Our Executive Management and Senior Leadership Team represent a renowned group of web3, financial and managerial specialists. Their combined international experience and deep-rooted regional expertise underpin the confidence and ambition with which we continue to build our diversified structure.
Phoenix Group UAE
Our team of experts has decades of experience in their respective industries and is at the forefront of innovation and technology. We are constantly looking for new and better ways to help our clients succeed.
Corporate and Milestones
Company started
2017
First mining
operations in UAE
2017
International Expansion with
Mining in Canada
2018
Became Middle East Official
Distributor of Bitmain
2019
Moved Corporate HQ to
downtown Dubai
2022
Became Official Distributor for
MicroBT
2022
Opened USA
locations for mining
2022
Invested in Bitzero
(Norway)
2022
M2
Launched in
2023
Oman Mining
Under construction
2023
Up Next
TCRI?
?????
2024
I don’t think they will get the funding.
Trust me, Charlie will screw this somehow.
I think he will want to merge with Edgemode,
That would be awful.
Agreed. If and when that funding ($75mil) comes through, things will go bonkers here. With everything that's going on with Phoenix and Crypto as a whole, the stars are starting to align.
Mark out
Bitty hitting 50k. Gahdamn. Any volume would absolutely send this.
TCRI should heat up once funding is secured.
Each of Messrs. Faulkner and Wajcenberg will be paid at the rate of $300,000 per year commencing upon the closing of a debt or equity funding by the Company of a minimum of $75 million.(the “Funding”). The Company has the right to terminate the Employment Agreements as of June 30, 2024 should the Company (i) not achieve revenues of a minimum of $2,000,000 per month for four consecutive months, with the first month occurring by June 30, 2024, and (ii) the Company fails to repay US $75,000,000 (or such other amount as may be mutually agreed by the employee and the Company) by June 30, 2024 towards a line of credit to be obtained by the Company (the “LOC Repayment”).
In order for the milestone to achieve revenues of a minimum of $2,000,000 per month for four consecutive months, with the first month occurring by June 30, 2024 funding should be in place sooner than later.
Also per 8K the funding is $75 million is minimum so it could be more.
I suspect that the funding and the operational plans were in the works when this agreement was signed and expect an 8K about funding any day now.
The organization behind TCRI have been very successful in many of their previous endeavors and have had plans for this ticker since July 27, 2021. They are very deliberate in how they conduct their business dealings and don't operate on the fly. The have had a vision for this ticker for over 2 years and now have set their plans into motion.
WORLD DIGITAL MINING SUMMIT 2021
With a stock like this you just have to deal with wide spreads but knowing that it can run at anytime it’s sometimes best to just have a position and scale in when volume picks up. Of course tens of thousands of shares here is “a lot”. That’ll change one of these days once more developments occur with Phoenix and their BTC ventures here in the states.
https://stocktwits.com/MyNameisBrandon/message/560080858
Good day here. Good slaps EOD. Me likey.
The question is not who will give Charles $75 million in financing.
The Question is who will give TCRI $75 million in financing.
Follow the BRANDS involved:
Munaf Ali
The Phoenix Group
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