Reverse Mergers & Low Float Plays

[Potse]

TCRI...M2, Bill Qian interview is interesting.....

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.

A few interesting things related to Munaf Ali, Phoenix and Cypher Capital have shown up recently. Again, as I mentioned above, I don't have any ideas of what they have planned for this shell. Could turn out to be something completely unexciting or completely unrelated to the people/firms connected to Phoenix/Cypher. Or it could turn out to be something incredibly exciting. But the information below kind of reinforces just how impressive all the connections TCRI's controlling shareholder (Munaf/Phoenix) has, and why I want to have some exposure to this shell.

Let me take a moment for a digression: Any stock that is under an unsolicited quote status on OTC Markets (like TCRI) should be viewed as having significant risk, so invest accordingly. RINO recently received a stock promotion and Caveat Emptor tag. Based on the press release that RINO issued regarding this, it appears that OTC Markets has a policy in place that automatically results in a Caveat Emptor tag whenever OTC Markets flags an unsolicited quote stock for a stock promotion.

Apparently no investigation of the exact circumstances of the promotion is done by OTC Markets prior to the Caveat Emptor tag being slapped on the stock. OTC Markets just slaps a promotion tag on the stock and allows the Caveat Emptor to automatically happen. Human discretion/intervention apparently is not allowed, even if it was a completely third-party stock promotion and the company had no involvement of any kind with the promotion.

This policy is basically an open invitation for stock manipulation. Third parties can use this policy for malicious purposes against unsolicited quote stocks (deliberately harm a company and its investors, and/or use it to acquire shares at extreme discounts when the promo/CE causes retail investors to start dumping shares). Now, anyone with an ounce of common sense should realize the unfairness, inherent danger, and utter stupidity involved in a policy like that. Apparently OTC Markets doesn't have any common sense. It would be nice if someone at the SEC would wake up and put an end to what OTC Markets is doing here. End of digression.

When Munaf gave his presentation at the World Digital Mining Summit back in late 2021, he mentioned that Phoenix was planning to establish a digital/crypto exchange for the Middle East. Phoenix has been incubating that exchange (M2) and earlier today it was announced that the exchange has received a license to provide financial services to retail and institutional clients in the United Arab Emirates. Operations are expected to launch later this year. The people involved in this exchange are quite impressive.

https://m2.com/

https://www.linkedin.com/company/m2-investment/

A couple weeks ago Bill Qian (Chairman of Cypher Capital) also became the Chief Investment Officer for M2. Today an interview with Qian was published and he had some interesting things to say about Phoenix/Cypher (ranging from the bitcoin mining operations to the amount of money that has been or will be invested in M2).

Bill Qian's LinkedIn......

https://www.linkedin.com/in/bill2022/

A few noteworthy items from the interview .......

Our entire group is called Phoenix, which is the largest Web3 holding company in the Middle East. Phoenix's core business is Phoenix Mining, the world's largest bitcoin mine, which owns 7% of the computing power of the global bitcoin network, and operates a $650 million joint venture mine subsidiary in Abu Dhabi with the sovereign fund ADQ. I also serve as the chief investment officer of M2.com, an exchange under Phoenix, and the chairman of Cypher Capital, its ecological investment platform.

My current energy allocation is 50% in the management and operation of Cypher, and 50% in the innovative business incubation under the Phoenix Group and the capital operation and management of subsidiaries.

Our investment is divided into two types. One is the incubation of large tracks. For example, the mining business started in 2015. A single investment in the mine in Abu Dhabi has reached 650 million US dollars, which is the first case in the entire Middle East; For the compliant exchange business that will start in 2022, the first investment amount will also be 250 million US dollars.

Our ecology has the world's largest Bitcoin mine, the largest compliant exchange in the Middle East, and Cypher Capital, which is already the largest Web3 presence in the entire Middle East; Based on our positional advantage and our endorsement of cooperation with the sovereign fund, we are and will continue to lead the development of the Web3 ecosystem in this region. In the future, we hope to attract more developers and investors to this market.

https://foresightnews.pro/article/detail/40372

From an article last month about bitcoin mining in the UAE......

At the forefront of this grand endeavor is Abu Dhabi’s sovereign wealth fund, acting as the catalyst for the UAE’s Bitcoin mining ascent. In late 2021, their digital asset arm, Zero Two (formerly FS Innovation), forged a partnership with local bitcoin mining company Phoenix Technology. The result? A colossal 650 MW hydro-cooled mining farm in Abu Dhabi, boasting a staggering $2 billion investment and solidifying its status as the largest single bitcoin mining site ever.

https://bitcoinist.com/abu-dhabi-wealth-fund-leads-uaes-bitcoin-mining/