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Nothing happening here. Wasn't there a deadline for these guys? We need a fricken update.
Phoenix's initial public offering drew strong demand and was 33 times oversubscribed — implying orders worth $12 billion — while the portion reserved for retail investors was oversubscribed 180 times.
That or a loan. They may not take on investors but the contracts had wording that made it be known no dilution could be issued without the approval of board/manuff. Total assumption on my part but thought that might be part of their job considering their background before edgemode considering they already have us public share holders.
Makes sense. What did you mean though when saying: So if the ipo got that over scribed they probably found something.
What they find?
I doubt we hear anything. Meeting a contract requirement isn’t really 8k worthy and they are all from London like Manuf Ali. So if the ipo got that over scribed they probably found something. The trade winds with crypto are just now kinda in the middle of merger/acquisition/consolidation and I haven’t seen the parent company in a hurry to do anything. North America also is kinda in uncertainty as far issues and political, economically, and policy wise. If they didn’t get funding then at least we should get contract news.
I doubt we hear anything. Meeting a contract requirement isn’t really 8k worthy and they are all from London like Manuf Ali. So if the ipo got that over scribed they probably found something. The trade winds with crypto are just now kinda in the middle of merger/acquisition/consolidation and I haven’t seen the parent company in a hurry to do anything. North America also is in kinda in uncertainty as far issues and political, economically, and policy wise. If they didn’t get funding then at least we will get contract news.
Times officially up for Faulkner and Wajcenberg. What's the deal? We must hear something from the company is now my official position!
Mark out
2 more days and then hopefully dumb and dumber are gone.
Just look at their other company Edgemode.
Stock was at $0.60 when they took over.
They made deals with the devil toxic lender Diagonal (Kurt Kramer) and now stock at $0.0002.
Just pray that these 2 idiots get fired so this company can actually do something.
Anyone heard any rumors at least? We are getting very close to that 6-month employment agreement deadline. I would think, at minimum, we should be hearing something about those very soon.
Mark out
With that said, I would definitely use caution here. It is what it is. A pink shell. The last couple years many traders have easily lost 10’s of thousands of dollars trading pink sheet stocks that look good or get some news dropped before fading to triple.000’s. I just like the Phoenix Group personally and don’t have access to the ADX so I am hoping this could be a way for me to get some exposure to them. And as far as me questioning Laster, I am just looking for insight from his prospective for me to think about. I was hoping to hear him say something besides Faulkner and Wajcenberg as reason he would not invest.
Yes I believe PHX has big plans for expansion into North America and this ticker will be involved in some way. My biggest concern is how much and what they put into it. They have Bill Qian who seems to help them on decisions with their investments and they will listen to his advice on when they will share information with the market on what their plans are with the ticker. So I think it will be strategic timing that will make the share prices rise and not necessary hearing or getting an 8k about the CEO and CFO getting a line of credit from high worth individuals or institutions. Obviously that would be good news too because they should also show we have actual revenue coming in monthly of over 2 million and many investors will not invest until a company has revenue.
Tomorowland23, what's your synopsis of this $TCRI situation~?
Are they ever going to do anything with this ticker~?
TIA
Hopefully I will get couple more buys. Lester can’t believe you’re going to let them two stop you from buying. I am sure they would have put Agren as CEO but there is reason they didn’t. GLTYA.
Still playing games............ 40 shares traded so far.
WTF~?
Traded a whole 10 shares today~~!
What a POS.
Pretty solid reasoning. I am just doing like the Pheonix Group. Everything I have found has them moving own with the expansion into North America. If they get the money and join then fine. If they don’t oh well.
I will not be a buyer until they get rid of those 2 idiots. Otherwise I think it is a buy.
Just waiting for July 1st.
Well you have clearly stated you’re not a buyer. If you owned shares at this point would you hold or sell? Just curious.
I would absolutely disagree with you. Especially dealing with OTC stocks. CEO history of success or failure is the major reason why I will invest or not invest in these OTC plays. Buyer beware my friend with POS Charlie at the helm. He is absolutely not a competent CEO.
Here are some quotes for you:
Nearly every mistake I’ve made has been because I picked the wrong people, not the wrong idea.”
Arthur Rock
Good management has an extraordinary way of making money for you, and bad management, no matter how favorable the environment, has a way of missing opportunities.”
Robert Wilson
“I have stressed management, but even so, I haven't stressed it enough. It is the most important ingredient.”
Philip Fisher
We have all heard you loud and clear. I don’t look at it like that with the directors from Phoenix Group UAE. I see the opposite of your feelings in many ways. You do you Laster. GLTY!
“I would rather invest in an entrepreneur who has felt the sting of failure, because they can appreciate how hard it is to start a company.” Kevin O’leary
“I’d rather invest in an entrepreneur who has failed before than one who assumes success from day one” Kevin O’leary
At least sell the Fricken ticker to someone if you are not gonna do anything with it. JC!!
Sorry but I would be very happy if those two idiots Company.
Nothing good will come if they get the financing and stay in management.
JMO.
Looks like your guys weren't able to produce after all, judging by the recent volume and price direction. TCRI is trending to be the biggest disappointment of the recent Crypto run. I just don't get it. No update/communication from the company whatsoever.
Mark out
Thanks you, too.
Hopefully it'll turn out to be a good pick up for you; time will tell. One more month until that employment agreement expires. We should be hearing something by then or at least shortly thereafter.
Mark out
In all transparency, it could have already been like that and I never noticed. So that’s one possibility to add.
However it does say due to corporate action. 🤷♂️
I added some earlier today and then Webull restricted trading. Nothing concrete because apparently Webull isn’t great with otc but interesting considering the timing. 🤞June starts this weekend and the deadline for the new guys is June 30th. Plus listening to the Phoenix group earnings call they said they had some news but just haven’t decided how to inform the markets yet. Just a hunch.
Wishful thinking or have you heard any rumors about anything coming our way?
Mark out
Maybe we get news today or Monday. 🤞
Nobody knows what's going on. The company needs to update shareholders and hopefully SOON!
Mark out
Unfortunately they are paying D&D $25,000 per month. Unreal. I think they are just sitting on their behinds without doing any work. No way they are getting financing. I hope the company will remove them on July 1st because they clearly will not fulfill the agreement.
Good luck. Sorry the company hired these 2 dodo birds.
Unfortunately, it's looking like you may be right. I so wish it wasn't so, but current reality may come to full fruition here. Not much longer until their employment agreement is expired according to that 8k filing. Let's see what transpires though these next few weeks as I'm starting to become more and more convinced, like MaxInvestor89, that Bitzero maybe the true target merger here. It's still a bit of a hunch but the stars are starting to align and is very plausible for something like that to happen. Well hopefully they will replace them with more established managers with proven track records.........like the ones currently running Bitzero?
Mark out
We are getting really close to June. Do you know when their getting can date is? I will be buying shares the second the news is released. I would never invest in any company these two idiots are involved with. I don’t know why TCRI hired them as management. Let those 2 idiots move back to Edgemode which is likely going bankrupt. Yippee.
Yes it does.
The Company does not have employment contracts with its key employees, including the controlling shareholders who are officers of the Company.
I guess the two new guys are not key employees.
Thanks Mark, BitZero would be a nice change.
Anything is welcomed at this point.
The election is more important, than these two, imo. It really doesn’t matter about the two new guys but I suspect they are eager for the opportunity. And they may already be working with the SC holdings and ND. So yeah they most likely are trying to buy into this movement. Back to the election, since Trump lost his lost his last election he has actually started investing in crypto and is expect to be very pro crypto this time if he wins. And yeah I wouldn’t expect any news other than the requirements because this is decentralized and there is no reason to tell or hype about high worth individuals investing or backing this expansion into the US by Phoenix Group. They certainly don’t look to be doing any dilution unless it’s very beneficial for growth. https://www.politico.com/news/2024/01/08/donald-trump-crypto-savior-00132417
I think Charlie and Simon have very little to do with what is taking place here as per the reasons given in my last post.
Mark out
I know, it's frustrating, but there may be a reason for the extreme silence thus far. I've reached out multiple times to the company with no response whatsoever. Maxinvestor89 (from X posting) is convinced that BitZero will be merging into the TCRI shell. That idea has some merit and that would be insanely incredible! Most definitely we'd see an increase in the O/S shares but almost certainly an uplisting to NASDAQ as well. Carl Agren is heading up the operation over at BitZero and they are doing some amazing things there. I know that Kevin O'Leary is involved with BitZero in some capacity too. Wouldn't that be some story line!
So, we wait. What else can we do but be patient and let them bring everything to fruition. I'm still very optimistic here but a little disappointed at the same time. Just want them to keep us TCRI long time shareholders informed of everything that is taking place..........if anything.
Mark out
P.S. Not sure how the new CEO and CFO play into this scenario? They seem to be irrelevant up to this point. I'm thinking that they know what's coming with BitZero and want in, so they made an offer of $75 million in financing to get a piece of the "action". This may or may not have any bearing on a BitZero/TCRI merger???? I'm thinking that Chuck and Simon are just desperate to get in, but probable won't for the reasons that Laster has been pointing out.
Mark, just wish they would quit playing with shareholders aspirations. But being as wealthy as they are they really don't
care about us. It's all about them and they do what they do in their own time. We shareholders are the collateral damage.
Sure hope they do something~!
Welcome to Charlie’s and Simon’s playhouse.
Nothing to see but those fun house mirrors that distort images just like Charlie’s ability as CEO.
You will be much better off if he doesn’t get the financing and gets fired. I don’t see how anyone will give that idiot any money. JMO.
I will be back after Charlie/Simon have left the building,
Sucks.......... Doesn't it?
This thing is still being manipulated like all hell.
No news.
Unfortunately, we that still hold shares in this ticker are collateral damage to their playing footsie with this ticker.
Still no plans submitted to shareholders, no intent of disclosing what these 🤡s have planned for this ticker if anything.
We are just pawns in this GAME the 🤡s play.
What a shit show~!
Well, another month down and the disappointment continues. Would be nice to get some kind of update from the company!
Mark out
Almost May… Charlie how’s that financing going? Lol. No way that moron gets a penny for this company.
I just hope that they bring in a more seasoned and reputable CEO this time.
I hear ya!!
Mark out
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