Replies to post #42232 on Techcom Inc (TCRI)

[Mark954]

Wow! You just made my day. I was starting to get discouraged but perhaps there is hope for this shell. Phoenix has some massive endeavors taking shape. WOW!!!

Mark out

[Mark954]

Finally got a chance to watch and listen to Mr. Ali's speech. My jaw hit the floor as I didn't realize just how large Phoenix group is and how much money was involved. From what Mr. Ali said, it looks like they are going to be using the TCRI shell to publicly list here in the U.S. I'm completely floored. Way beyond anything I could have imagined.

Mark out

[Mark954]

We may or may not? have our normal end of the year sell off. Sounds like, from what Mr. Ali stated, the Phoenix Group is going to be making some moves with this shell right after the first of the year. 2022 should be fun here as Mr. Ali and the Phoenix Group has a lot major stuff going on in the Crypto market.

Mark out

[Mark954]

Reposting of Munaf Ali's comments about TCRI......

Munaf Ali's speech at the World Digital Mining Summit in Dubai was worth listening to because it provided his first comments about TCRI and also gave some interesting information about Phoenix's background, current status and future plans. The growth trajectory that Phoenix is on is extremely impressive. For example: Phoenix's mining farms in the United States are expected to come online in December 2021. Phoenix VC (the venture capital fund) currently has $500M of assets under management. Today Phoenix announced it has placed an order and paid for $650M of crypto mining equipment for its new UAE mining facility, and will place orders for $2B during Q3 2022 (see press release below).......

https://www.yahoo.com/now/u-e-based-phoenix-technology-074324202.html

Munaf Ali's speech starts around the 2:51:30 mark and ends around the 3:04:30 mark of the livestream replay. Munaf's comments about the TCRI shell can be heard starting at the 3:01:05 mark. I have transcribed what he said below.......

Quote:
Phoenix has recently acquired a US-listed entity for the purpose of listing some of the Phoenix Group's income generating assets on the US stock market. We expect to be able to share more information with you in early 2022.

[Potse]

Phoenix/Bitriver 300MW capacity agreement.....

I picked up another 20K shares at 20 cents following my last post on this board. Currently holding a little over 852K shares at an average a little under .096 per share.

It looks like TCRI is churning nicely around this $5-7M legacy share valuation area. Depending on the caveats/risks I have mentioned in previous posts, I think the chances are pretty good that TCRI will see the kinds of legacy share valuations that some of the other notable OTC crypto/blockchain stocks saw during 2021. I don't see any reason at the moment (fingers crossed) that TCRI can not achieve a share price of at least $2-5 (which would be a legacy share valuation in the range of $20-50M). APLD, MTRT and ARAT all saw legacy valuations above $30M last year.

The strong likelihood that TCRI could be destined for a Nasdaq listing should make it much easier to reach and sustain those kinds of numbers. Things seem to be looking a little more favorable for OTC stocks recently, seeing slightly better reactions to merger/acquisitions and more explosive kinds of moves.

Regarding the Phoenix/Bitriver agreement: A few days after the World Digital Mining Summit, Bitriver revealed in some of its social media accounts that Bitriver had entered into an agreement to supply Phoenix with 300MW of capacity. Based on the timing and how the announcement was worded, it appears 150MW of that amount would be available to Phoenix basically immediately. The announcement was made on Bitriver's Twitter account, its LinkedIn account, and Bitriver's CEO Igor Runets included it in his LinkedIn account........

During the WDMS, Bitriver have signed an agreement with Phoenix to supply 300 MW of capacity: 150 MW will be provided in 2021 and 150 MW by the end of 2022.

All the energy, which is 100% green will be used for hosting mining equipment.

During the WDMS, Bitriver have signed an agreement with Phoenix to supply 300 MW of capacity: 150 MW will be provided in 2021 and 150 MW by the end of 2022.

All the energy, which is 100% green will be used for hosting mining equipment. pic.twitter.com/BX32Hz7tTL

— BitRiver AG (@BitRiverMining) November 13, 2021

https://www.linkedin.com/posts/bitrivermining_during-the-wdms-bitriver-have-signed-an-activity-6865282351652589568-mnO2

https://www.linkedin.com/in/irunets/detail/recent-activity/