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Solid Consolidation
This $30-$35M Cap zone has shown to be a solid area of consolidation on it. It's baselined pretty well here, and last baseline resulted in a 10x move. So could get interesting if an update gets posted in 1Q22! Average dollar volume over the last 15 days has been $139k at an avg price ~ .5685. So a solid setup for a breakout.
Volume Purge..
Honestly, the overall volume on the OTC has evaporated. After the peak heavy volumes of Dec 20-Feb 21, the OTC volume as a whole has been purged. Most heavy traded tickers of that time, seldom trade now 1/10th of what they did daily then. And these low floaters are always going to be touch & go. They wake up make a move and go back to being dormant. This weekly chart certainly is not pleasant. At a 2c most buying now will be up 1x, can then probably trade out & ride free. 1c seems to be a well supported bottom.
The Forest & The Trees.
Not going to claim I know too much about the management here or what's occurred in the past. Simply looking at the current share structure & the market cap, one has to be optimistic here. This is not a super bloated billion+ O/S ticker. There's opportunity here. I suppose those here long may be burned by the past. But at $500M market cap this has a move coming. Volume & interest is there. We will see. As for the dilution, is it that the O/S was actually less previously??
Here Lies SLJB [2005-2022] LOL!
Yeah, at this point who is even selling whole positions for pennies, no harm in leaving it idle & hoping for a miracle. OTC been cleaning some of these dirty streets up. Maybe the zombie rises for the 3rd time.,.
People Have Found Out, Like You Tiggs!
Rewind it here & you start seeing the money trail. Dollar Volume has been increasing at a good rate. Capture volume in the [48c-55c] range is where most of the trading is happening of late. You see the block size trades ranging from 10k-30k, so shares seemingly are available for those wanting in. This did a perfect 50% retrace off the $1.10 top. VWAP is on the rise & above the 50% retrace price. All good measures.
Potential here will be determined when facts get delivered. As of now, like I have said in past posts [$30-$50M] Cap may likely be a right spot until something material is presented. Not going to hype it, but interest is certainly here. Most are likely in wait of something this month, whether a PR or a filing, we shall see if that occurs soon enough. In the mean time it's good to see what has happened here thus far. ~$150K flow through daily is great.
In terms of "off the charts" you never really know, the highest CAP that's been given to any of these reverse merger shells has been $7B, there's a chart for that{it was 1.3Mx} Would love to see any ticker challenge that Cap size & return here on the OTC, but not going to count on it..OTC volume has to pick up to get strong rallies. No stimmy buxx infusion this year..So the slog might continue! We shall see. GL
You May Be Right..
You may not be wrong on the management side here, but the share structure does matter. At this point the risk reward is slanted in "new" buyers favor. I'm not sure of the past here, but the chart looks like many folks with underwater positions & a good buy in opportunity for new holders. At sub $1M market cap, this should be loading zone. There is liquidity here, volume has been steady of late. We shall see. Buyers are out there, but the dollar volume is low $5k as of now. GL
Great Finish on The Year Here...
Almost a pristine 10x in the last 3 months here[5x in last month] Perfect retrace off the top at the 50% giveback. As volume declines, this may sit in this cap range [$30-50M]until there's something substantial filed/PR'd.
Over the last few weeks a good portion of the rising dollar volume has been in this 50c range. Likely some trapped longs at or over the 62c range and above. When volume picks back up this should resume an uptick. There's some considerable #'s on the Reg SHO side, so there may be some bumps. All in all, a fantastic end of year here, congrats to those spotting the potential here when it was sub 10c. 1Q22 should be interesting here if some word from the rising Phoenix gets released!! GLTA
Interesting Times Here..
For those of us that were fortunate to accumulate this when it was under a $7M shell [~10c & below] the rush of interest and volume as we approached January was expected. There were months prior when share daily volume was lackluster [5k-40k] getting into the sizable holdings took weeks of accumulation. The volume here now has erupted to ~300k roughly, and the interest has certainly ramped up- lots of fresh faces on the board & making the breakout boards on iHub. Today it spiked over $1, impressive!!! At the same time, knowing how the shell game on the OTC works it's integral to understand that valuations may not go insanely bonkers on this current market cap until more is disclosed. Ideally, this may be well priced here at roughly $50M market cap, where most shells sit as they await for further details. Enjoying the volume rush & glad to be here heavy sub 10c. Should be an interesting 1Q22! GLTA, Impressive returns below!!
RockO
Out of curiosity, what was the cause/catalyst that made that SECI run from 80c to $59??There had to be a story for it to last from Aug 2018 to October 2020. ONPH was the one in '21 that went from 40c to $40+. You see strange things on the OTC, but here with APLD at the prices you supplied it would hit a ~16B market cap. Both ONPH/SECi have been flushed down the otc $.hitaa, so let's hope better for APLD LOL, looking for an uplist and a stabilized ETH and $10 first!!
Happy To Hear MG..
Quite a few rolled in there on that post & have had a near 10x in 3 weeks. Sub 10c there is the golden zone.
While it's a bit like APLD in the early stages, we have to remember APLD had a 9M O/S when it was the shell, whereas TCRI is alot higher. Still crazy potential. But lots of unknowns there.
Some Blips
See about 300 shares moved at that $3.15-$3.35 range, 2 bottom feeder orders got filled & nice bounce back up to $4.Holding up well, all things considered.
Quiet Time May Be Over.
Looks like a a bird on twitter has started chirping!!
https://twitter.com/search?q=%24tcri&src=typed_query&f=live
There's a Brilliance To This Play.
Sometimes there are grand opportunities in plays like this. You've done the front end work & now it's just time to see how it plays. I think this one could mirror the APLD rise. That went 4c to $5.70 in '21 [now $3.50] Smart calculated play I believe on your part, certainly think it will deliver well. The sooner it gets you a few X's above cost avg. the better the play becomes. This to me is ticketed above 30c in short time. We shall see, good luck.
Insightful PostPots.
In '21 the OTC market rewarded many companies in the crypto space with some astronomical gains. There were some shells[APLD/MJWL/NSAV] that had high incremental gains in stock price. And most of those 3 achieved in excess of $250M market cap, with APLD leading the pack at ~1.25B. There were some OTC crossovers like Voyager Digital & Hut/Hive that made the leap across exchanges & they too achieved some high value market caps. As a base line, $250M cap seems to be the starting point,$500M mid & then the pack leaders develop. TCRI has a very high potential. But again it's all speculative, as really Phoenix can play it however they want, they have many assets to choose from or to go with a holding company type setup. This likely will move fast, think the settling point will be around $30-50M market cap in the interim. We shall see.