Replies to post #42246 on Techcom Inc (TCRI)

[Potse]

TCRI(.09)...couple of items, increased my position......

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.

I've added to my position in the .06-.09 range over the last 5 trading days. This could ultimately prove to be a bad move/timing on my part, but I want to have my core position built well in advance of any announcement/development. I never anticipated being able to get this kind of position built at prices under 10 cents, so I figure I should take advantage of it while the opportunity exists. If selling pressure increases and TRCI pulls back during December, I will probably try to pick up additional shares for possible shorter-term trades.

There are still a lot of unknowns here, but the risk/reward profile right now certainly looks worth taking a chance on. I think the performance of TCRI post-acquisition/RM could range anywhere from good to fantastic. Investor reaction might vary depending on exactly what Phoenix asset(s) are placed in the TCRI shell. But no matter what Phoenix asset(s) are brought into this shell, if the post-acquisition/RM share structure looks reasonably good, I will be disappointed if I walk away from this investment with anything less than a 10-bagger on my core position.

The only Phoenix asset that I think would be unlikely to be moved into TCRI is the venture capital fund (Phoenix VC). So that would leave assets like the Phoenix Store (Bitmain distributor), the mining farms (Block One Technology), perhaps Phoenix's own digital mining assets/business, Phoenix's crypto investment/trading financial services, etc., as potential targets.

Obviously, based on how other mining-related stocks (like APLD) have performed, if some or all of the mining farm assets are moved into TCRI, the potential gains here could be huge. If the crypto investment/trading/services division is moved into TCRI, that would be interesting because there is a possibility that Phoenix will develop the first large-scale crypto exchange in the Middle East (3:03:24 mark of Munaf's speech at the World Digital Mining Summit 2021)......

Although it may not necessarily reflect what will ultimately be brought into this shell, it may be worth noting the business description of AlphaBit LLC (the entity through which Phoenix purchased TCRI) is of a financial services nature: The principal business of AlphaBit is providing investment advice to regulated cryptoasset funds.

Below is a transcript I made of the segment of Munaf Ali's speech where he talked about the new investment fund that Phoenix established. There is a glitch in the audio so I could not hear a word or two. This segment starts at the 3:00:20 mark of Munaf's speech......

Our newly launched [audio glitch] is a unique trading fund, which was oversubscribed on the first day of trading. This fund offers investors experienced in-house analysis and trading capabilities from our trading desk. The aim is to provide consistent and superior monthly returns from trading digital assets while still being able to participate in mining revenues. We are targeting initial monthly returns between 3 and 5 percent. The fund will offer investors regular liquidity events as well as monthly dividend distributions.

Phoenix posted a video on its Instagram account which gives a look at the Phoenix display/booth at the World Digital Mining Summit 2021.....

https://www.instagram.com/p/CWYcSllFVem/

Unlock Blockchain (a media platform that focuses on blockchain in the Middle East) did an short article/interview about Phoenix/Munaf this week. A couple of noteworthy snippets......

Phoenix currently has a mining capacity of 450 MW, but with the new installation in the UAE the mining capacity will immediately go up to 1.1 GW, and once they expand to other jurisdictions in the Middle East, Phoenix will have a mining power of 1.8 GW. Munaf Ali adds, “Once we expand our operations across the MENA region, we will have more than 10 percent of the global hash rate coming from the region. This will shape the region. Today we have interest from Kuwait, Bahrain and Saudi Arabia; this is cutting edge and will be an exciting time for the entire MENA region.” The expansion will be met with an additional order of US $2 billion worth of mining rigs in 2022.

In the future, Phoenix Technology is seeking to establish a large scale crypto exchange in the region to bring crypto to the fingertips of every person in the Middle East.

https://www.unlock-bc.com/82100/mena-to-hold-10-percent-of-global-crypto-hash-power/