Reverse Mergers & Low Float Plays

[Potse]

TCRI(.056)...no additional info, still attractive......

Have you heard any rumors on TCRI lately? Even with the latest Crypto excitement these last few months, TCRI and The Phoenix Group as a whole have been fairly quiet.

I haven't noticed anything noteworthy that has caught my attention. I still consider TCRI to be an extremely attractive shell play under this ten cent level. In addition to the large blocks of shares at 5-5.5 cents this year, I've been able to buy some shares (albeit a token amount) for as low as one cent. Everything that has gone on with this shell, the bad OTC stock market sentiment, and the unsolicited quote situation probably have led many investors to simply ignore TCRI.

I'm taking the contrarian viewpoint on this shell. There have been some slightly encouraging signs lately of retail investors willing to take more chances in the OTC, so maybe the opportunities that exist in shells and reverse mergers will become more rewarding. A couple of shells/RMs I have/had exposure to performed reasonably well here lately. ADMG moved up nicely. Still have my full position there as my hunch is that I will be able to get prices over the 50-cent level at some point. BBTT reached a legacy share valuation of $45M this week. I sold about a third of my position at 12 cents and the remainder I sold at 45 cents.

This paragraph from post #4685 pretty much sums up my thoughts on TCRI. This shell is currently under the control of a very wealthy individual/company that has an extraordinary amount of global connections in many industries. And the shell is selling at a reasonably attractive legacy share valuation (under $600K, depending on how Munaf/Phoenix would handle the control shares in a reverse merger or another change in control of the shell). Nothing is guaranteed in the shell/RM world, but this certainly has nice potential......

Like a lot of shells just about anything might happen here. I don't have any good guesses at what Munaf/Phoenix or Seng Yeap Kok have planned for this shell. But what I do know is that the majority shareholder here (Munaf Ali and Phoenix) has extremely impressive direct/indirect connections to a lot of very interesting people and businesses. It is hard for me to ignore that. Maybe this shell will get filled with just a mundane, lackluster reverse merger. But in the event that TCRI gets some incredible, eye-catching RM, I would like to be pre-positioned for it.

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