Replies to post #46629 on Techcom Inc (TCRI)

[Mark954]

Wow! It's been my strong belief these last few weeks that Phoenix would evolve into a dual listing situation. With Mr. Ali taking the helm there at Phoenix, I am even more convinced that they'll use the TCRI shell to achieve that goal with a NASDAQ uplisting. Exciting news! Thanks, Potse.

Mark out

[Mark954]

We’re proud to announce Munaf Ali as our new Group CEO! 🚀
With his extensive banking and finance expertise, he’ll lead us into an exciting new chapter as we explore global opportunities, including a potential NASDAQ listing in 2025.

Seyed Mohammad Alizadehfard… pic.twitter.com/j9r92OGXDW

— Phoenix Group (@phoenixgroupuae) December 20, 2024

[Tomorrowland23]

What is your thoughts on using this shell to go public with Phoenix Group. Personally I am trying to weigh the pros and cons. I think a SPAC is out the question. Therefore, would a direct listing be better or a reverse merger? I know they would have to dilute at least 40 million worth of shares with the shell but they wouldn’t have to jump on the Nasdaq and only sell the shares they currently own. Which would allow for more growth and control which they seem to feel very confident and committed that they will grow a lot in the next 5 years. And a firm commitment of 40 million worth of shares wouldn’t even be that much dilution. Not to mention that with timing seeming to be of importance here then a reverse merger would be much easier to manage rather than a traditional IPO. What do you think? I know it’s all speculation but understanding the dynamics at play, what makes more sense here knowing that they are now announcing a commitment to get on the Nasdaq and the changes this past week. Plus the shell seems to be very clean and well managed. After writing that I probably have an idea considering you position but hearing your thoughts would be nice.