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No worries Tradringer, I will dig them and post them back up. I was just looking for my old posts with DD, I think you might have misunderstood me. Thanks though and good night. Sorry for the late response, had to pick up my daughter from Bible study.
I would have to say everything is really aligning now and feel more confident than ever that some huge assets are coming into TCRI---
Between the 10k confirming Munaf Ali majority ownership TCRI (87% shares), him continuing to pay money to the SEC for his share of the taxes on TCRI, to the settlement of the case in North Carolina (which he has to pay lawyer fees) and the naming of Carl Agren (COO of Phoenix) as new business manager of Alphabit. ALL OF THE STARS ARE CLEARLY ALIGNING. He would not be putting all the moving parts together and spending his money if the plans are not in place with this huge reverse merger.
Then this week to see the posts/pictures from JT Foxx regarding "We did it! Founders big news! "Big announcement on the Founders Tuesday and you are in!" "Biggest deal and relationship of my life" and lastly "Biggest deal of my life tonight. In fact I maybe moving for it!! IF YOU WANT I'LL GET YOU IN. This in itself speaks to the amount of money this company and stock will be worth as the largest miner and seller of Bitmain in the world--especially coming from such a wealthy individual in JT Foxx who has rubbed elbows with billionaires.
It is no coincidence to me that these posts were done after meeting with Munaf Ali and one of the pictures is with them together stating they did it! The founders is a large group of wealthy indivuals/investors that work as a team and share information about upcoming ventures/deals, etc for each other to invest in. "To get others in" has to mean investing in a company (TCRI) at an early stage. If this was a private deal between only JT Foxx and Munaf Ali then there would be no point of sharing on the Founders and telling his following that he is going to get them in. I really think Munaf Ali shared his huge plans with TCRI/Phoenix and they are working together now---
I really do not think we will see these sub $1 prices much longer ---seems all the due diligence is correct and we are closer than ever! Thoughts?
The OTC has a middle name and it's 'soon'. Always something happening soon. Meanwhile years go by. It's mid year now not early 2022. That 'soon' came and went.
The only thing I can see him bringing to a Billionaire is hype for investors. JT would be the biggest pumper ever. Munaf could need money for the next bunch of miners, $1.2B or whatever it is. TCRI and a bunch of wealthy investors could get him the money to buy it and his wealth goes up also with owning all those shares.
Promo Tour.. Looks like part of it is the premier US tour of Bravo's show. TCRI has held the 50c line, guess it's all going to hinge on what's to come. Not a word has been said in regards to that mining order/hosting setup. It's getting close to a year. Would think someone would have said something by now. Wait & wait some more. https://www.aol.com/entertainment/andy-cohen-bravo-slammed-human-174834469.html
prosledder Friday, May 27, 2022 3:15:59 PM Re: Tradinger post# 45767 Apparently Ali been in the US all week
Same guy that calls them sh!t coins, two weeks ago. Dont need someone like him on our team
People got cocky and lazy. Now their 401K is a 201k. Mine went to 4001k! Their NFT’s are 90% off, their shit coins are worthless. Now it’s time to actually listen to me. Here is your solution https://t.co/bypq00wTWN
LOL!!! Didn’t know you were with us here bb. Been here since December , don’t recall your being here. Welcome !!! Maybe your presence will help us out here …. Waiting for them to drop the hammer with an 8 k .
On May 10th I had actually emailed Sharpless Law with
I have not seen the contract, but if it is as stated in the filings, then why wouldn’t Alessi get around 500,000 shares because after the reverse split on 05/13/2019 there was only 9,920,254 outstanding shares. Later that year on October 31, 2019 Kok converted $55,070 due him into 55,070,000 shares of Common Stock at a price of $0.001 per share.
They likely could not authenticate the original agreement since it was with himself.
On March 8, 2022, the General Court of Justice of Mecklenburg County, North Carolina, issued a civil summons regarding a complaint William R. Allessi Jr. vs. Techcom Inc., Mr. Alessi, the Company’s President and majority shareholder prior to October 2017, alleged that he is entitled to an additional 3,097,017 shares of Common Stock of the Company under his prior employment agreement. The parties executed a settlement agreement as of May 18, 2022 that provided, in part, for a dismissal of the action with prejudice without the issuance of any additional shares of Common Stock or payment of any other amounts to Mr. Alessi, for the mutual release of any claims or potential claims between the parties and for Mr. Alessi to retain the 120,000 shares of Common Stock that he was issued under this employment agreement.
That settlement agreement TCRI/Alessi entered into was quite interesting. According to Alessi's complaint his employment agreement had a provision that entitled him to an issuance of 4.95% of TCRI's outstanding shares following the reverse split (minus the 120K post-split shares he already owned). I think most people/courts would interpret that as meaning his issuance would be based on the outstanding share count immediately after the reverse split (which was 9,920,254 shares). That would have resulted in TCRI issuing him roughly 371K shares.
However, Alessi claimed he was not only entitled to those 371K shares but he also was entitled to 4.95% of the 55M shares that were issued to Kok Seng Yeap more than 6 months after the reverse split took place. As far as I am aware the text of the employment agreement has never appeared in TCRI's filings, so I don't know if there was anything about this specific situation or terms/language in the employment agreement that would allow his claim on any shares that were issued after the split occurred.
If I am interpreting the above bolded language correctly, it appears that TCRI did not need to make any payment of any kind to Alessi to settle this lawsuit. If there were any significant payments connected to this settlement (common shares, preferred shares, cash, convertible notes, etc.) I would assume they would be fully disclosed in that paragraph in the quarterly report. Assuming that is an accurate interpretation and all pertinent details of the settlement have been disclosed in that paragraph, this agreement would be extremely favorable to TCRI.
One thing I find particularly interesting is the part about allowing Alessi to retain the 120K shares he was issued in 2017 as part of that employment agreement. The lawsuit never proceeded to the point where we got a chance to see what TCRI's full defense would have looked like. But the wording of that statement makes me wonder if TCRI felt it had a strong enough position here that the company could have actually demanded the return of those shares to the company if it had wanted to.
If in fact Alessi came out of this lawsuit with nothing more than the 120K shares that he had already been issued, that is pretty amazing to me. I am assuming/guessing that those 120K shares were the ones that the company unrestricted on January 13.
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