Thursday, April 14, 2022 1:14:15 PM
To the person who inquired about my current position status and thoughts on TCRI......
I'm still holding a large position in the TCRI shell. Currently have a little over 746K shares at a cost basis a little over .094 per share. Unless something dramatically negative occurs, I don't have a great deal of interest in selling my position at this kind of price/valuation.
Over the next 4-5 weeks or so we should be seeing TCRI make two periodic filings (the 2021 10-K and 2022 Q1). Between the "subsequent events" section of the annual report and the entirety of the Q1 report, I would think at a minimum we should get some clarity on Munaf Ali's current ownership status with the shell.
I have no idea whether there has been in any significant change in the overall shell situation since the disclosure of the AlphaBit/Munaf purchase of the shell and Munaf Ali's November 2021 mention of what Phoenix intended to use the shell for. If the original purchase agreement was unwound , or if Munaf does still own the shell and has changed his original plans for the shell, I would not automatically/necessarily consider either of those scenarios to be something terribly negative. I am mostly just waiting to see what develops with the shell and will react accordingly.
Obviously there has been a tremendous amount of business activity going on with Phoenix and people surrounding that company since Munaf acquired the TCRI shell, and especially so in calendar 2022. If Munaf/Phoenix are still involved with TCRI, one somewhat interesting thing I have noticed recently is that Reza Dari (who registered AlphaBit LLC in Nevada) has registered another company here in the United States. About 3 weeks ago he registered Ourglass LLC in the state of Texas......
https://opencorporates.com/officers?q=Reza+Dari
Between overall market struggles/volatility and the new inherent danger of investing in fully-reporting SEC OTC Market stocks (thanks to the SEC's September 2021 rules), it is not surprising to see OTC stocks struggling at times. Especially around periodic filing deadlines.
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