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Yea, you're probably right. I'll sell now.
Mark out
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
You're still losing site of the main fact and that is this is a Pheonix Group play. They just had an enormously successful IPO in UAE which isn't even close to the full potential that the US market can give. Faulkner and Wajcenberg are on a short timeline here and it's very clear that they will be terminated if they can't produce satisfactory results, and quick.
Mark out
The difference is now Pheonix is in full control of this shell and have absolute final say in anything that goes down. As it is pretty much stated in the 8K, they will not allow any kind of toxic financing to go down. In addition, I believe there will be a lot of big players wanting to jump on the Pheonix Group bandwagon. Crypto is hot and growing even hotter. The Pheonix Group wants a strong presence in the US and apparently, they are going to use the TCRI shell to achieve that goal.
Mark out
This is easily a $3-$5 stock (maybe more) when everything goes through. Not a lot of shares O/S here so this will run big and probably hold. Perhaps uplisting will be the talk by then?
Mark out
Based on how well received that IPO was in the UAE, a lot of people are wanting to jump on the Pheonix band wagon. We should hear something pretty soon about the specifics of that financing.
Mark out
Thanks Potse, As always, your insight is much appreciated.
Mark out
And Faulkner and Wajcenberg will be terminated according to the 8K. Pheonix is in full control of anything and everything moving forward. Pretty clear.
Mark out
I think some are missing the big picture here and that is that we now know what Pheonix is wanting to do and wanting to do with this shell in particular. It is very clear now that Pheonix wants a much bigger footprint in the US and they plan on using the TCRI as a vehicle to do that. It is also clear that Faulkner and Wajcenberg are on a very short timeline, or they are out. It's almost irrelevant if Faulkner and Wajcenberg accomplishes what is stated in the latest 8k because if they don't someone else will. Like I said, it's obvious now, more than ever, that Pheonix wants a presents in the US and wants access to the US investor. The TCRI shell is owned a completed controlled by The Pheonix Group (FACT!) and come hell or high water, they'll accomplish their goals. They've already proven that they can, multiple times over.
Mark out
That's the way I read it.
Mark out
Sorry, my bad. I initially miss read that agreement while driving earlier. We shall see very soon about that part though as they're not giving them much time for things to start happening. I assume they already have some potential investor(s) lined up for that $75 million?? Mr. Wonderful perhaps? I know he's very much been wanting to invest with these guys (The Pheonix Group). Hopefully terms will be suitable, or nothing goes through sounds like.
Mark out
Looks like Phoenix is Pumping in $75 million on something that they've got going on. They must be pretty confident in whatever it is to inject that kind of money. Can't wait to find out what it is. Looks like it's gonna happen pretty fast too. Should be hearing more details very soon
Mark out
Certainly looks that way. How else would they be expecting to generate that kind of revenue.
Mark out
Potse,
$TCRI 8k out. What's your take on this. Always respect and appreciate your analysis on these types of things. https://www.otcmarkets.com/filing/html?id=17218038&guid=czd-kH2IptwfJth
Mark out
Task completed
Markl out
Imagine that!
Mark out
Thanks for the info. Wow! what a big help.
Mark out
A little disappointing that we haven't heard from them as it relates to the direction they plan on taking this shell. Maybe a little more patients is in order to let them get things in order and solidified?????
Mark out
The Phoenix Group own (>87%) and control the TCRI shell. Easy to research. It's all in the SEC filings.
Mark out
Wow! How about them apples? The stars are aligning for $TCRI. https://finance.yahoo.com/news/york-stock-exchange-abu-dhabi-120000589.html
Mark out
Consider this regarding TCRI:
Foreign companies often choose to list on foreign exchanges but trade Over-the-Counter (OTC) in the United States for a variety of reasons, including regulatory, cost, and visibility considerations:
* Regulatory Differences: Listing on a foreign exchange may involve complying with different regulatory requirements and standards. The regulatory landscape in the U.S. can be complex and demanding, which might deter some foreign companies from directly listing on U.S. exchanges. By trading OTC, they can avoid some of the regulatory hurdles associated with a formal U.S. exchange listing.
* Cost Considerations: Listing on major U.S. exchanges like the New York Stock Exchange (NYSE) or NASDAQ can be expensive due to listing fees, compliance costs, legal fees, and ongoing reporting requirements. Trading OTC might offer a more cost-effective way for foreign companies to access U.S. investors without incurring the high costs of a formal exchange listing.
* Market Access: By trading OTC, foreign companies can still gain access to U.S. investors without necessarily having to comply with all the listing requirements of a U.S. exchange. This is particularly attractive for smaller foreign companies that may not meet the stringent criteria for a U.S. exchange listing.
* Liquidity and Visibility: While trading OTC may offer access to U.S. investors, it might not provide the same level of liquidity and visibility as a major U.S. exchange. However, for some foreign companies, the OTC market can still provide a platform to engage with U.S. investors and build brand recognition over time.
* Flexibility: OTC trading can be more flexible in terms of reporting requirements and ongoing obligations. Foreign companies might prefer this flexibility, especially if their reporting and governance practices differ from U.S. standards.
* Timing and Strategy: Some foreign companies might use the OTC market as an initial step to gauge U.S. investor interest before committing to a full exchange listing. It allows them to test the waters and assess market demand without making a significant upfront commitment.
* Dual-Listing Strategy: In some cases, foreign companies might pursue a dual-listing strategy, where they maintain their primary listing on their home exchange and also trade OTC in the U.S. This strategy can offer a compromise between regulatory requirements and market access.
* Risk Perception: Some foreign companies might perceive trading OTC as less risky in terms of compliance and regulatory obligations compared to listing on a major U.S. exchange, which can be seen as a more stringent and closely scrutinized environment.
It's important to note that each company's decision is influenced by its specific circumstances, goals, and market conditions. The choice between listing on a foreign exchange and trading OTC in the U.S. involves a careful consideration of factors such as regulatory complexity, costs, market visibility, and investor preferences.
$TCRI is owned and back by the Phoenix Group conglomerate and the IHC out of the UAE so I think your analysis is faulty at best. There will be no need whatsoever for any kind of toxic financing. You MUST understand who the people are that are backing and essentially own the TCRI shell. If you refuse to acknowledge this FACT!, then your loss not mine.
Mark out
I'm saying those spot ETF's are a big deal for the industry as a whole! Within a year or so of those approvals, we'll see big institutions taking part in Crypto as a matter of standard practice. Watch!!
Mark out
Crypto winter put a damper on a lot of the industry over the past few years or so, and now with the spot ETF's close to approval, that winter is breaking. Phoenix came through it big time and then some.
Mark out
$TCRI Good article on going public in the UAE : https://www.iflr.com/article/2a646brsryd610zzc6sxs/the-listing-of-uae-local-companies-on-foreign-exchanges
Mark out
$TCRI Good article on going public in the UAE : https://www.iflr.com/article/2a646brsryd610zzc6sxs/the-listing-of-uae-local-companies-on-foreign-exchanges
Mark out
Should be seeing that 10Q sometime this week or possibly an extension.
Mark out
Oh nice, I hadn't seen this before. Wonder if this is the entity that they'll be taking public here in the states? Or one the entities? Would love to see them take M2 exchange public here in the states. M2 is a game changer!! Even Kevin O'Leary is very big on M2 exchange.
Mark out
Great Article here: https://www.entrepreneur.com/en-ae/finance/the-uaes-crypto-powerhouse-munaf-ali-co-founder-and/464951
Mark out
No market goes straight up. That's how it works. Low volume pull back today with people positioning themselves for a move higher at some point.
Mark out
I want to see >$50 PPS before it settles back down.
Mark out
With 1/10th the float, you just might be correct with your projection.
Mark out
Even if you were anywhere close with your dilution theory (which I don't believe you are correct), it wouldn't come till much much higher than you suggest. >$60 and not 60 cents. This is a big money play here. Massive money, to be exact, is backing the TCRI shell. You have to think bro!
Mark out
I know, too obvious huh?
You're still missing the point bro. The people who control/own this shell and the guys appointed over them are the real deal my friend!!! A lot of respect for Munaf, Bijan and Carl. I think these guys know a thing or two.
Mark out
It's positioning time right now and TCRI is shaping up to become the run of the year. This has multiple dollars$$ written all over it. Largest Bitcoin miner owes and controls this shell. It's becoming pretty apparent that they are gearing up to do something very special with it.
Mark out