Reverse Mergers & Low Float Plays

[Potse]

EVCI..STJO..TCRI...added to positions recently.....

EVCI(.22): Picked up more shares of the EVCI shell at prices around the 21-25 cent level. I consider EVCI and BDCM (which I also own) to be the most attractive Synergy Management shells from an overall structure/valuation standpoint.

STJO(.0505): Picked up a few more shares of STJO at 4.5 cents. Yesterday's quarterly filing appears to provide the first confirmation that the 86.5M shares have been issued and the RPM merger has been completed.

Lack of timely updates/transparency on the merger probably contributed to the pullback under ten cents. Depending on what additional information/details materialize here, I think STJO would have the ingredients for a significant move upward. Medical devices, healthcare industry, and a legacy share valuation that is currently under $700K.

TCRI(.05): Picked up more shares of the TCRI shell under the 6-cent level. Q3 report should get filed in around 2 weeks or so, and it will be interesting to see if there are any updates or material information.

Investor interest in TCRI fell off a cliff when Munaf Ali disclosed that they had decided not to bring Phoenix public. Analysis of the risk/reward on this shell definitely became more difficult with that decision because it introduced much more uncertainty. It may not be a very popular opinion at the moment, but I still think the risk/reward looks somewhat interesting.

This is the way I am looking at TCRI right now: There are any number of scenarios that might play out here, some extremely good and some extremely bad. Maybe Phoenix decides to let Seng Yeap Kok (the current TCRI CEO, a consultant to TCRI/Phoenix, and the former majority shareholder) find another reverse merger candidate. Or maybe Phoenix with its extensive connections in the business world has other ideas on what it wants to do with the TCRI shell. Depending on how a reverse merger is structured here, TCRI's current legacy share valuation could be under $500K.

As of the last quarterly report, Munaf Ali and Phoenix still owned the majority shares, and they were paying all of the shell's expenses. I checked the LinkedIn profile for the Phoenix CFO (Jeetendra Bhatia) and he still mentions that Phoenix controls a stock in the United States. Phoenix issued a press release last week, and it reinforces the scope/influence of that company's operations. From my perspective it is hard to ignore the involvement of Phoenix in TCRI. Until that involvement significantly changes, I would like to have some exposure to this shell.

https://www.yahoo.com/now/phoenix-technology-eyes-global-expansion-084800622.html

Phoenix Technology (www.phoenix.store) is an international distributor for Bitmain and Whatsminer miners used for mining Bitcoin and other crypto-currencies and it also provides hosting/data centre services for blockchain sector in Russia, Canada and the USA. It controls listed companies in Canada and the USA.

https://www.linkedin.com/in/jeetendrabhatia/