Thursday, February 24, 2022 3:47:11 PM
As I have mentioned in previous posts on this message board and others, I like to use legacy shares and legacy share valuations in my analysis of shells and reverse mergers. For a number/variety of reasons, I have found the use of legacy share/valuation to be extremely helpful in the world of shell/RM investing.
At the risk of having egg on my face if TCRI doesn't turn out the way I expect, it might be worth noting that TCRI has been churning/basing around a legacy share valuation area that has produced some previous, very nice shell/RMs in the last year or so. It certainly doesn't happen in all instances, but sometimes in the life cycle of big shell/RM winners they will churn for awhile somewhere in that $7-15M range (usually it seems to be right around $10M, give or take a couple million dollars). That is basically where TCRI has been churning for awhile now.
I picked out 3 crypto reverse mergers (APLD, MTRT, BOPO) and one non-crypto play (ENGA) that I think most shell investors are familiar with. It should be noted that both MTRT and BOPO have managed to have their recent big moves in what has been a difficult time in the market (inflation, geopolitical conflict, etc). Below I will put their legacy share number and what their legacy share valuation reached after the churning ended. These numbers are mostly from my memory, so they might be slightly off......
APLD -- 9.5M shares, over $50M
MTRT -- 7.5M shares, over $70M
BOPO -- 45M shares, over $40M
ENGA -- 24M shares, over $115M
One other thing that all of those shells shared in common is a retail shareholder base that was a little frustrated/unhappy with the churning period. Nobody (myself included) enjoys sitting through a period where the stock bases, but if TCRI follows the pattern of some of these other extremely profitable shell/RM investments, the gains from this level could be somewhat interesting. This is contingent on TCRI's legacy share count being 10M, of course (see the above post).
Recent TCRI News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 03:04:35 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM