Techcom Inc (TCRI)

[Potse]

Munaf Ali's comments today about TCRI......

Increased my position in the TCRI shell over the last two days with purchases in the 7.1-8.5 cent range. Although it is still not entirely clear what assets of Phoenix will be placed in this shell and exactly what the post-RM structure will look like, I think TCRI appears to be extremely attractive at these sub-10 cent prices. A lot of things could go right/wrong here, but from my perspective I think TCRI is a "hidden gem" at this moment in time because very few crypto-sector investors seem to have TCRI on their radar screens. When you see other crypto-related plays achieve legacy share valuations that are 10-30x higher than what TCRI currently trades at today, I think it is pretty hard to ignore the potential here.

Munaf Ali's speech today at the World Digital Mining Summit in Dubai was worth listening to because it provided his first comments about TCRI and also gave some interesting information about Phoenix's background, current status and future plans. The growth trajectory that Phoenix is on is extremely impressive. For example: Phoenix's mining farms in the United States are expected to come online in December 2021. Phoenix VC (the venture capital fund) currently has $500M of assets under management. Today Phoenix announced it has placed an order and paid for $650M of crypto mining equipment for its new UAE mining facility, and will place orders for $2B during Q3 2022 (see press release below).......

https://www.yahoo.com/now/u-e-based-phoenix-technology-074324202.html

Munaf Ali's speech starts around the 2:51:30 mark and ends around the 3:04:30 mark of the livestream replay. Munaf's comments about the TCRI shell can be heard starting at the 3:01:05 mark. I have transcribed what he said below.......

Phoenix has recently acquired a US-listed entity for the purpose of listing some of the Phoenix Group's income generating assets on the US stock market. We expect to be able to share more information with you in early 2022.