Techcom Inc (TCRI)

[Maxinvestor89]

The shares authorized number is something that does concern me.

EDGM hasn't diluted in months (some shares went from Restricted to Unrestricted, but I'm talking about new shares being added to the shares outstanding).

During the merger (FWAV issued over 300m shares to Edgemode shareholders) and only 18.5m shares to Noteholders at 0.25$/share)

Cleary, those shares aren't the reason why the stock kept declining... The reason is because the Revenues are just not even close to be significant and VERY far from their projections... Mainly because their hosting provider went Bankrupt and also due to the lack of significant financing (won't be an issue with TCRI, at all!)

Then, they entered into various convertible notes at discount (29-35%, and one of them at 50%, but amount 50-60K$, total ~250K$. None of these have hit the Market, YET!

This below, is worrying, as of VERY RECENTLY! (IT DOESN'T DIRECTLY EXPLAIN THE STOCK PRICE FALLING, THESE PAST 2 YEARS, AT ALL! IT WILL LEAD TO SHARES BEING ISSUED SOON, THOUGH)

https://www.otcmarkets.com/filing/html?id=17042010&guid=bXJ-kHAvCTkEdth

NOTE 10 – Subsequent Events


On October 20, 2023 the Company received notice from 1800 Diagonal Lending LLC, the holder of the April Promissory Note, Convertible Note and August Promissory Note (collectively, the “1800 Notes”) that such notes were in default. The holder has made demand for the immediate payment of the 1800 Notes of a sum representing 150% of the remaining outstanding principal balances of the 1800 Notes in the aggregate of $250,008.99, together with accrued interest and default interest as provided for in the 1800 Notes. As a result of the default, the 1800 Notes are convertible into common stock.