Techcom Inc (TCRI)

[Potse]

TCRI(.1173)...increased position......

I accumulated some shares of the TCRI shell under the 15-cent level on Friday (lowest price I paid was 8 cents). I probably could have got my average (12+ cents/shr) down lower with a little more patience......

Looks like I was right about the "more patience" part. I picked up another 20K this morning at 8.1 cents (brings my average down to about 11.2 cents). Some increased overhead supply of shares has materialized, but that doesn't overly concern me. I've seen plenty of shell/RM plays where things might look a bit sketchy/bleak on the ask side, but the situation can completely change in a blink of an eye. The valuation/setup for this shell and this particular situation looks fairly attractive to me at these prices and at this moment in time.

The Q3 filing should be out in about 1.5 months or so. I wanted to have a position built before that filing, just in case something in that filing triggers buying interest. Or maybe an 8-K or a press release shows up before that. Although it is not everyone's preferred method of investing in shells/RMs (and it does carry plenty of associated risks), I still think analyzing shell situations, anticipating potential significant developments, and getting a position built in advance of those developments offers some compelling advantages. Doesn't always work out the way I want/hope, but when a shell takes off and starts building momentum it is nice to have a position already built.

As a side note: Munaf Ali is married to a social media influencer (Nina Ali). Interesting to note that Nina includes on her Instagram account links to Munaf's crypto mining equipment business. It is also interesting to look through the photos/videos she posts in that account. Munaf and his family live a pretty amazing lifestyle......

https://www.instagram.com/nina.ali/