Phoenix Rising Companies Inc (PRCX)

[10x wannabe]

Rough and no way around it.

Keep in mind this has become a pure M/A play now. Teishan is doing its thing, but with the HUGE derivative liabilities from the resetting warrant situation AND increasing OS (now or later to eliminate the warrants) I don't see it getting back up to dollars based on its current financial situation with just recovery from Teishan.

Good news is I don't see any sign we are NOT going to close on Wandi. DS Chang was on the BOD (just one other guy) on Wandi since 2018 until just recent. My guess, he removed himself as a BOD and put the folks he works with via SGCI (cyprus law firm) to avoid an arms length agreement between PRCX and Wandi or some other regulatory reason . They also changed the name which they had incorporated YEARS ago in Nevada. There would be no reason to do all of this now unless the deal is still on. What the delay issue may be who knows? Do all of warrants have anything to do with getting more shares to the old Wandi owner to make it more of a RM situation (as per contract stipulation)?

For me, it is hard to see the forest through the trees as not knowing what is going on makes it difficult to figure out how to play it. I have reviewed RSSV previous filings back several years and there has been numerous acq. they have signed to make and have NOT happened. When they don't happen they either say why or just delete any mention of that potential acq. He has not done either with Wandi so based on his previous own behavior I've got to surmise Wandi is still on close.

Just my 2cc (almost the price of the stock :))