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More very positive news for the Crypto industry: https://www.foxbusiness.com/politics/trumps-former-cftc-chair-eyed-crypto-czar-role
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Don't let the door hit you on the way out, Gary: https://www.cnbc.com/2024/11/21/sec-chair-gensler-will-step-down-jan-20-making-way-for-trump-replacement.html
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Phoenix Group's senior leadership, two of them are on the board of directors for TechCom TCRI. The Phoenix Group is the beneficial/majority owner of the TCRI shell. Do we see a dual listing situation coming to this shell company? They are most definitely going to want to get at the U.S capital markets especially after the results of the most recent U.S. election. I see a major event happening for TCRI in the not-so-distant future. The writing is on the wall!
They even release a video announcement on X about the newly updated website: https://x.com/i/status/1858505050605207930
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Thank you Potse once again for your insight. Your analysis is second to none. I am becoming more and more convinced each and every day that Phoenix will utilize the TCRI shell in a big way at some point. Just the U.S. election results alone have me more convinced of this. It's probably a major reason why Phoenix/Mr. Malhi are now hinting at a NASDAQ listing at some point in the future. It should be very interesting to see how exactly they plan on utilizing TCRI as more things materialize in the Crypto world.
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P.S. I agree with you, I'd feel more comfortable if Carl Agren and Sheharyar Haider Malhi were in the roles of CEO/CFO here at TCRI instead of just directors. I am at least pleased with the fact that Phoenix has final say in all financial decision pertaining to TCRI.
This shell is NOT owned by Simon Wajcenberg or Charles Faulkner. The majority/controlling owner of this shell is The Phoenix Group headquartered out of the UAE. Based on the recent results of the U.S. election, it is my strong belief that Phoenix will utilize TCRI in a very substantial way in the very near future. Perhaps in a similar way they had planned a few years ago by bringing revenue generating assets into the shell. Or using it in some major capacity to uplist to the NASDAQ perhaps. It's a win/win situation for Phoenix right now. If Simon and Charlie come through with their funding, then great. If not, who cares. I think we'll find out shortly the exact direction they plan on going. Always keep in mind, Phoenix is the real player here!!!!!
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P.S. Don't let your hatred for Charlie and Simon cloud your judgment! They are irrelevant to the bigger picture that is taking shape throughout the Crypto world right now
Trump has promised to make America the ‘crypto capital of the world’ and his high level team is filled with strong crypto advocates … . The pro-crypto nature of his team, family, and donors increases the likelihood that Trump follows through on his campaign promises to the industry.
Have you been living under a rock? North America (U.S.) will soon be open for business, especially when it comes to Cryto. Bye, Bye Gary! Don't let the door hit you on your way out.
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I'm extremely happy I held most of my original position in this Shell!
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How will Phoenix utilize the TCRI shell? Until announced, this will continue to be the main questions.
https://www.linkedin.com/posts/phoenixgroupuae_will-the-us-election-speed-up-crypto-adoption-activity-7259601495992508416-qjDF?utm_source=share&utm_medium=member_desktop
How will Phoenix utilize the TCRI shell? Until announced, this will continue to be the main questions.
https://x.com/phoenixgroupuae/status/1852713156172284336
We are less that 2 weeks from the U.S. election. One candidate is somewhat pro Crypto, and the other is very pro Crypto. Should be a win/win for the industry no matter who wins in November. Anything is better than the current administration as it pertains to this technology overall. I expect Phoenix to make some big moves here in north America after these elections regardless of who wins. It will remain a mystery what roll the TCRI shell plays into their overall plans but just a few short years ago, they had big plans for this shell before putting those plans on the back burner. My guess, it was because of this current administration's stance of the crypto industry as a whole. That negative posture all goes away here shortly.
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I still believe that Phoenix will be coming to NASDAQ at some point.
https://x.com/i/status/1848380487737242102
I don't think the problem is Mr. Faulkner and Mr Wajcenberg so much, but it's more a problem along the lines of SEC chair Gensler. Hopefully the next administration will go in a different direction. He's costing the U.S. innovation superiority!
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I am guessing that Mr. Faulkner and Wajcenberg have failed in their efforts in securing any reasonable financing as indicated in latest TCRI 8K filing. No other way to read this since there's been no communication from the company and their employment agreement is way past due. I suspect that we'll be hearing from the company at some point in the not-so-distant future that this CEO/CFO combo have been cut loose. Again, no other way to read this at this point.
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Times officially up for Faulkner and Wajcenberg. What's the deal? We must hear something from the company is now my official position!
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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.
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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.
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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.
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Wishful thinking or have you heard any rumors about anything coming our way?
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Nobody knows what's going on. The company needs to update shareholders and hopefully SOON!
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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?
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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.
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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.
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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.
Sucks.......... Doesn't it?
Well, another month down and the disappointment continues. Would be nice to get some kind of update from the company!
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I hear ya!!
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At least Phoenix put themselves in a no-lose situation. Should find out with certainty within the next two/three months at least.
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Just a little over 2 months left the selected management has to get that financing in place or they will be terminated according to the employment agreement. That contract is very clear as to what is required and what is going to happen as a result, good or bad. My guess is, that Phoenix will get more directly involved with this shell themselves if the current managers can't come through with what they have previously agreed upon.
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I did find this interesting though from their employment agreement.
Quote:
(b) The Exercise Price shall equal the average of the highest and lowest trading prices per share of the Company’s Common Stock on the date of the closing of the Funding as quoted on Nasdaq, the Over-the-Counter market or the New York Stock Exchange, whichever is at the time the principal trading exchange or market for the Common Stock.
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At least we don't have too much longer to wait, good or bad. Management will be gone if they aren't able to produce results by mid-summer as per their employment agreements.
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At least they still are a fully SEC reporting company. Always a positive thing in just that fact.
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Not the same Group
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I haven't seen that. Wonder how that is going for them?
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Incredible amount of potential with the Phoenix Group's backing, but as of right now, very disappointing. Perhaps Laster is right and the fellas at the helm don't have the ability to produce any results satisfactory to the powers that be. I guess we still have a little time to wait and see, but so far, a big goose egg.
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Understood.
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I'm still very optimistic about this shell and I'm still here in full force. Way too much upside potential with The Phoenix Group's backing.
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