UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One)
þ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
for the quarterly period ended March 31, 2006.
o Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
for the transition period from to . Commission file number: 0-50036 TRICELL, INC. (Exact name of registrant as specified in its charter)
Nevada 88-0504530
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number)
6 Howard Place, Stoke-on-Trent, Staffordshire, ST1 4NQ United Kingdom (Address of principal executive offices) (Zip Code) 011 44 8707 53 2360 (Registrant’s telephone number, including area code) Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No o Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act (Check One): Large accelerated filer o Accelerated Filer o Non-accelerated filer: þ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No þ The number of shares of common stock outstanding as of May 11, 2006 was 101,045,877.
Item 1. Financial Statements F-1 Item 2. Management’s Discussion And Analysis of Financial Condition and Results of Operations 2 Item 3. Quantitative and Qualitative Disclosures About Market Risk 6 Item 4. Controls and Procedures 6
PART II — OTHER INFORMATION 7
Item 1. Legal Proceedings 7 Item 6. Exhibits and Reports on Form 8-K 7
INDEX TO EXHIBITS 9 List of Subsidiaries Certification of CEO under Section 302 Certification of CFO under Section 302 Certification of CEO Pursuant to 18 U.S.C. Section 1350 Certification of CFO Pursuant to 18 U.S.C. Section 1350
December 31, March 31, 2006 2005 (Unaudited) (Audited)
ASSETS CURRENT ASSETS Cash and cash equivalents $ 41,912 $ 266,780 VAT receivable, net 5,740,514 1,783,320 Receivable from shareholders — 135,784 Accounts receivable 139,974,861 50,815,920 Prepaid expenses and other current assets 106,126 329,276
Total current assets 145,863,413 53,331,080
Machinery and equipment, net 103,739 137,159
Intangible assets, net of $38,467 and 53,958 58,579 $33,846, respectively
Goodwill 70,915 70,915
TOTAL ASSETS $ 146,092,025 $ 53,597,733
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES Income taxes payable $ 798,065 $ 2,675,072 Accounts payable 139,706,024 51,447,603 Payable to shareholders 697,428 69,173 Accrued expenses and other current liabilities 2,888,206 2,717,019 Deferred tax liability 299,454 327,131
Total current liabilities 144,389,177 57,235,998
STOCKHOLDERS’ EQUITY (DEFICIT) Preferred stock, $0.001 par value, 100,000,000 shares authorized, none issued and outstanding — — Common stock, $0.001 par value, 500,000,000 shares authorized, 101,030,020 and 99,030,020 shares issued and outstanding during 2006 and 2005, respectively 101,030 99,030 Additional paid-in capital 1,018,236 740,980 Retained earnings (accumulated deficit) 240,642 (4,766,367 ) Accumulated other comprehensive income 561,897 640,264 Deferred compensation (218,957 ) (352,172 )
Total stockholders’ equity (deficit) 1,702,848 (3,638,265 )
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 146,092,025 $ 53,597,733
See accompanying notes to consolidated financial statements. F-1
TRICELL INC AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS THREE MONTHS ENDED MARCH 31, 2006 AND 2005 (Unaudited)
2006 2005
SALES $ 383,537,073 $ 56,266,926
COST OF SALES 377,709,316 55,488,722
GROSS PROFIT 5,827,757 778,204
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 3,756,364 560,161
INCOME FROM OPERATIONS 2,071,393 218,043
OTHER INCOME (EXPENSE) Interest expense and other financing costs (667 ) (248,524 ) Other expense (7,007 ) — Gain on net liabilities written off from liquidated subsidiaries 3,620,523 — Interest income 1,357 286
Total Other Income (Expense) 3,614,205 (248,238 )
INCOME (LOSS) BEFORE INCOME TAXES 5,685,598 (30,195 )
INCOME TAX BENEFIT (EXPENSE) 678,589 56,913
NET INCOME (LOSS) $ 5,007,009 $ (87,108 )
EARNINGS (LOSS) PER SHARE — BASIC AND DILUTED $ 0.05 $ —
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING — BASIC AND DILUTED 100,896,687 93,726,031
See accompanying notes to consolidated financial statements. F-2
TRICELL INC AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2006 AND 2005 (Unaudited)
2006 2005
CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ 5,007,009 $ (87,108 ) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation and amortization 20,638 7,189 Amortization of deferred compensation 133,215 157,504 Shares issued for services 187,000 — (Gain)/loss on net liabilities written off from liquidated subsidiaries (3,620,524 ) Changes in operating assets and liabilities: Inventory — (1,488,027 ) VAT receivable (3,996,923 ) (155,076 ) Accounts receivable (89,307,408 ) (20,469,671 ) Prepaid and other current assets 151,324 — Other receivables (payables), net 764,039 (796,761 ) Accounts payable and accrued expenses 89,697,978 22,057,121 Other Current Liabilities — (22,352 ) Income taxes payable 720,426 56,912
Net Cash Provided By (Used In) Operating Activities (243,226 ) (740,269 )
CASH FLOWS FROM INVESTING ACTIVITIES Purchase of machinery and equipment (2,538 ) — Loans to third parties — (166,555 )
Net Cash Provided by (Used In) Investing Activities (2,538 ) (166,555 )
CASH FLOWS FROM FINANCING ACTIVITIES Net increase in line of credit — 1,230,431 Borrowing from (repayment to) third parties — 56,759
Net Cash Provided by (Used In) Financing Activities — 1,287,190
NET INCREASE (DECREASE) IN CASH (245,764 ) 380,366
EFFECT OF EXCHANGE RATE ON CASH 20,896 101,494
CASH, BEGINNING OF PERIOD 266,780 6
CASH, END OF PERIOD $ 41,912 $ 481,866
SUPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION: Interest paid during the period $ — $ —
Income taxes paid during the period $ — $ —
See accompanying notes to consolidated financial statements. F-3
NOTE 1 — NATURE OF BUSINESS AND CAPITALIZATION Tricell, Inc. and subsidiaries (Tricell UK Limited, Tricell Limited, Tricell Distribution Limited, Tricell Global Limited (formally Tricell Properties Limited), Ace Telecom Limited and Ace Telecom Trading Limited), collectively referred to as the “Company”. The Company is a worldwide distributor of mobile telephones and other mobile handset accessories. The Company’s corporate offices are located in Stock-On-Trent, United Kingdom. NOTE 2 — BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q of Regulation S-X. They do not include all information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. However, except as disclosed herein, there has been no material change in information disclosed in the notes to the consolidated financial statements for the year ended December 31, 2005 included in the Company’s Form 10-K filed with the Securities and Exchange Commission. The interim unaudited consolidated financial statements should be read in conjunction with those consolidated financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, were made. Operating results for the three months ended March 31, 2006 are not necessarily indicative of the results that may be expected for the year ended December 31, 2006. PRINCIPLES OF CONSOLIDATION The consolidated interim financial statements include the accounts of Tricell, Inc. and its wholly-owned subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation. NOTE 3 — STOCK OPTIONS The Company adopted Statement of Financial Accounting Standards (“SFAS”) No. 123R, Share-Based Payment , as of January 1, 2006, using the modified prospective application method. This statement requires the recognition of compensation expense when an entity obtains employee services in exchange for stock-based payment transactions. Prior to January 1, 2006, the Company accounted for stock options granted to directors and employees using the intrinsic value method prescribed by Accounting Principles Board Opinion No. 25, Accounting for Stock Issued to Employees , (APB No. 25”) and related interpretations. APB No. 25 required compensation expense be recognized for grants of stock options when the quoted market price of the Company’s common stock on the date the options were granted exceeds an option’s exercise price. The Company did not grant any stock options with an exercise price that was less than the fair market value of the stock at the date of grant during the F-4
period ended March 31, 2005. Accordingly, no compensation cost was recognized in that period in 2005 for its employee stock options in the accompanying financial statements. The Company had adopted the disclosure provisions of Statement of Financial Accounting Standard (”SFAS”) No. 123, Accounting for Stock-Based Compensation , (“SFAS” 123”) and SFAS No. 148, Accounting for Stock-Based Compensation – Transition and Disclosure – an Amendment of FASB Statement No . 123, which require the Company to provide pro forma information regarding net income and net income per share as if compensation cost for the Company’s stock options had been determined under the fair value method prescribed by SFAS No. 123. The Company had not granted any stock options prior to March 31, 2005, and hence there was no pro forma stock compensation expense for the three months ended March 31, 2005. The Company recorded $64,579, net of $27,677 related income tax, as stock compensation expense included in the statement of operations in selling, general, and administrative expense in the three months ended March 31, 2006, related to options outstanding at December 31, 2005. No options were granted in the three months ended March 31, 2006. NOTE 4 — RELATED PARTY TRANSACTIONS As part of the acquisition of ACE there were amounts owed to the Company by their four shareholders of $275,704, these amounts have been repaid in part during 2005 and in full in 2006. As of March 31, 2006 there is a balance payable to the directors/shareholders of $697,428. NOTE 5 — COMMON STOCK ISSUED On January 19, 2006, the board of the directors of the Company approved issuance of 500,000 shares of common stock to each of the four executives of the Company for past services. Accordingly, the Company recorded expense of $187,000 to selling, general, and administrative expense. NOTE 6 — COMPREHENSIVE INCOME (LOSS) Comprehensive income (loss) includes net income (loss) and foreign currency translation adjustments, which are reported separately on the consolidated statements of stockholders’ equity in the Company’s Form 10-K.
Three Months Ended March 31, 2006 2005 Net income (loss) $ 5,007,009 $ (87,108 ) Foreign currency translation adjustment, net of tax (78,368 ) 72,163
Comprehensive income (loss) $ 4,928,641 $ (14,945 )
NOTE 7 — CONCENTRATIONS As of March 31, 2006, the Company had three customers that accounted for approximately 46%, 16%, and 11% of the Company’s accounts receivable balance. As of December 31, 2005, the Company had four customers that accounted for approximately 40%, 22%, 22%, and 12% of the Company’s accounts receivable balance. Net sales to customers in excess of 10% of net sales approximated the following during the three months ended March 31, 2006 and 2005:
Customer 2006 2005 A 21 % 77 % B 14 % —
Net purchases from vendors in excess of 10% of total purchases approximated the following during the three months ended March 31, 2006 and 2005:
Vendor 2006 2005 A 20 % 55 % B 18 % 17 % C 18 % 11 %
Revenues from the United Kingdom and other countries were as follows during the three months ended March 31, 2006 and 2005:
Three Months Ended March 31, 2006 2005 UK $ 210,055,669 $ 53,438,722 Portugal 63,228,212 2,098,259 Netherlands 55,866,559 — Luxemburg 25,822,610 — Spain 11,547,603 — Cyprus 17,016,420 — United States — 729,945
NOTE 8 — BANKRUPCTY PROCEEDINGS On January 28, 2006, the Company was notified that two of the Company’s wholly owned subsidiaries, Tricell International Limited (“Tricell International”) and Tricell (UK) Limited (“Tricell UK”), were moved from administration, a United Kingdom equivalent of Chapter 11 reorganization, to creditors’ voluntary liquidation, a United Kingdom equivalent of Chapter 7 liquidation. Neither Tricell nor other subsidiaries have provided any guarantees or security interests to the creditors of either Tricell International or Tricell UK. As a result of this liquidation, as of January 27, 2006, the assets and liabilities of Tricell UK and Tricell International were removed from the Company’s consolidated financial statements, resulting in a gain on net liabilities written off from liquidated subsidiaries of approximately $3,621,000, as reflected in the consolidated statements of operations. F-7
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations Forward-looking Information This information statement contains forward-looking statements. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. These statements relate to future events or to our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of such terms or other comparable terminology. These statements are only predictions. Actual events or results may differ materially. There are a number of factors that could cause our actual results to differ materially from those indicated by such forward-looking statements. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance, or achievements. Moreover, it does not assume responsibility for the accuracy and completeness of such forward-looking statements. The Company is under no duty to update any of the forward-looking statements after the date of this information statement to conform such statements to actual results. The foregoing management’s discussion and analysis should be read in conjunction with the Company’s financial statements and the notes herein. Overview Our profitability increased significantly during the quarter ended March 31, 2006, as we focused our trading operations into improved gross profit margins (without reducing gross revenues). We have achieved this by retaining and reinvesting the working capital generated from our profitable trading operations during 2005 and continuing in early 2006. We anticipate that our current operations will maintain this level of revenue and profitability throughout the remainder of 2006. Our primary area of operations is the wireless sector, where we will continue our wholesale international distribution of mobile handsets and electronic equipment. We are continuing to see market growth and an increased demand for our services, in addition to the expansion of our products into new markets, which we plan to include the United States. These factors are expected to be complimented by developing improved relationships with the wireless manufacturers and the expansion of our integrated logistics services. 2
Proposed Acquisition of N2J Limited We are in negotiations to acquire N2J Limited, a United Kingdom limited company, pursuant to the terms of a Letter of Intent (LOI) dated April 14, 2006. The LOI is subject to the execution of a definitive agreement, and thereafter to the approval of our shareholders. In the event we acquire N2J, we will have a broader platform of markets to sell our products. We believe N2J’s ability to liberally conduct trading from the United Kingdom will provide synergies to both Ace and Tricell as their network of purchasers and suppliers will now only be enhanced. We believe that the acquisition will significantly accelerate future profitability. We intend to seek the approval of our shareholders to acquire N2J at our 2006 annual meeting. According to the terms of the LOI, we would acquire 100% of N2J from the in exchange for a total of 210 million shares of our common stock. However, of the total 210 million shares to be issued the acquisition specifies that Tricell will have the right to purchase 120 million shares over a twelve month period at a fixed price of $0.11 per share. Tricell will only be entitled to repurchase a maximum of 10 million shares per month, and may repurchase less shares in the event N2J’s operating profit is not at least $1.5 million per month. The purchase of these shares would be financed through the operating profits of N2J. The remaining 90 million shares issuable to the N2J Shareholders would be subject to a four year vesting schedule. The remaining 90 million Shares (“non-Put Shares”) will vest in four equal annual installments, beginning on January 1, 2007 and ending on January 1, 2010. The non-Put Shares will only vest if the N2J Shareholders remain employed by Tricell at the time of vesting. A performance guarantee will require that N2J earn $18 million in operating profit within twelve months of acquisition, or otherwise forfeit a number of the 210 million shares equal to any proportionate shortfall between the actual profits and the target of $18 million. Tricell and N2J are currently negotiating the final terms of a definitive acquisition agreement, and conducting due diligence in anticipation of the acquisition. Tricell anticipates submitting the N2J acquisition to a vote of security holders at its 2006 annual meeting, which is expected to be held within the next few months. Future Sales Strategy To deliver our strategy we will: Continue to build our relationships with wireless manufacturers, broadening our portfolio with these manufacturers and expanding the number of customer to whom we supply; Expand the geographic coverage of our operations in Eastern Europe, Asia and North America; and Develop and expand our service offering to deliver integrated logistic services to the handset manufacturers and network operators, enabling them to more effectively address their markets, including the distribution, marketing and selling of airtime services. 3
The size and relative lack of saturation of this market are the primary reasons why we anticipate trying to gain further entry in the United States market. Results of Operations
The improvements in revenue and gross profit resulted when our 2006 trading operations were expanded relative to our trading operations conducted in the quarter ended March 31, 2005. Further enhancing our results for the quarter ended March 31, 2006 as compared to the same period in 2005 was focus on improved gross profit margins as compared to our 2005 operations due to our ongoing efforts to reduce our cost of sales and economies of scale.
Qtr Ended Qtr Ended Percent March 31, 2006 March 31, 2005 Increase Increase Selling, General and Administrative Expenses $ 3,756,364 $ 560,161 $ 3,196,203 571 % Income from Operations $ 2,071,393 $ 218,043 $ 1,853,350 850 %
Although our selling, general and administrative (SGA) expenses increased, the relative increase for the first quarter of 2006 when compared with the same period of 2005 was 571%, which is less than the 582% increase in our total revenue for the first quarter of 2006 compared to 2005. This 571% increase is related to our increase in trading operations and increased revenue which requires that our administrative expenses increase. However, the lesser increase of SGA expense of 571% when compared to our revenue increase of 582% is the result of our efforts to reduce costs, and to streamline our operations. The significant improvement of 850% in income from operations is the result of our increased revenues, relatively decreased cost of sales, and our relatively lower selling, general and administrative expenses.
Qtr Ended Qtr Ended Percent March 31, 2006 March 31, 2005 Increase Increase Income from Operations $ 2,071,393 $ 218,043 $ 1,853,350 850 % Other Income (Expense) $ 3,614,205 $ (248,238 ) $ 3,862,443 1556 % Income Tax Expense $ 678,589 $ 56,913 $ 621,676 1092 % Net Income (loss) $ 5,007,009 $ (87,108 ) $ 5,094,117 5848 %
The increase in other income is almost entirely due to our write off of $3,620,523 of net liabilities when two of our subsidiaries were liquidated in January 2006. This other income added significantly to our already increased income from operations, resulting in net income of $5,007,009 for the quarter ended March 31, 2006, as compared to net loss of $87,108 for the same quarter year ended 2005. Tricell’s increased profit is also the result of both our expandable operations, as well as our reduced cost of capital. For all of the first quarter of 2006, Tricell resumed internally financing its trading activities with cash flow from operations, whereas an external line of credit was used to finance operations for most of 2005. 4
Liquidity and Capital Resources As of March 31, 2006, our cash and cash equivalents were $41,912, as compared to $266,780 as of March 31, 2005. The decrease is primarily due to our discontinuation of the Telco loan and subsequent trading with income from operations. Cash used in operating activities for the quarter ended March 31, 2006 was $243,226 as compared to cash used in operating activities for the same period of 2005 of $740,269. The improvement is mainly attributable to net income for the quarter ended March 31, 2006. Cash used in investing activity decreased to $2,538 for the quarter ended March 31, 2006 as compared to cash used in investing activity of $166,555 for the same period in 2005. This increase is primarily the result of a decrease in loans to third parties, from $166,555 for the quarter ended March 31, 2005 to $0 for the same period in 2006. Cash provided by financing activities for the quarter ended March 31, 2006 was $0, as compared to cash provided by financing activities of $1,287,190 for the same period in 2005. The decrease in cash provided by financing activities reflects the decrease in borrowing from line of credit, from $1,230,431 in for the quarter ended March 31, 2005 to $0 for the same period in 2006 and a decrease in borrowing from third parties, from $56,759 in the quarter ended March 31, 2005 to $0 for the same period in 2006. We believe we have sufficient cash to satisfy our operating requirements for twelve months. We have the ability to restrict our expenditures to the extent cash is not available related to working capital for our operations. If the cash reserves are not enough to satisfy our operating needs and we are unable to generate revenues, we will seek bank loans on favorable terms and/or sell additional shares of our equity securities to secure the cash required to conduct our business operations for the next twelve (12) months. Contractual Obligations Obligations under non-cancelable agreements at December 31, 2005 were as follows:
Payments Due by Period More Less than 3-5 Than Total One Year 1-3 Years Years 5 Years Long-Term Debt Obligations $ — $ — $ — $ — $ — Capital Lease Obligations — — — — — Operating Lease Obligations 515,640 51,564 103,128 103,128 257,820 Purchase Obligations — — — — — Other Long-Term Liabilities Reflected on the Registrant’s Balance Sheet Under GAAP — — — — —
Off-Balance Sheet Arrangements We do not participate in transactions that generate relationships with unconsolidated entities or financial partnerships, such as entities often referred to as structure finance or special purpose entities (“SPEs”), which would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes as part of our ongoing business. As of March 31, 2006, we were not involved in any unconsolidated SPE transactions. ITEM 3. Quantitative and Qualitative Disclosure about Market Risk We have never owned or traded market risk sensitive instruments, or equivalent instruments from which future cash flows can be realized. Our major market risk is changes in foreign currency exchange rates relative to the British Pound, which could impact our results of operations and financial condition. Foreign exchange risk arises from our exposure to fluctuations in foreign currency exchange rates because our reporting currency is the United States dollar. Management seeks to minimize the exposure to foreign currency fluctuations through natural internal offsets to the fullest extent possible. Specifically, we attempt to affect every one of our sales and purchase transactions effected in British Pounds to eliminate currency fluctuations entirely. We further attempt to minimize currency fluctuation risk by effecting purchases of equipment and subsequent resale of such equipment as expeditiously as possible and immediately thereafter convert foreign funds to British Pounds as to minimize the amount of time we are exposed to currency fluctuation. As of March 31, 2006, we had not engaged in any currency arbitrage or hedging activities, although we may in the future. Our debt is not subject to one measure of interest, therefore, the debt is somewhat diversified against interest rate increases. ITEM 4. Controls and Procedures We carried out an evaluation, under the supervision and with the participation of our management, including our chief executive officer and chief financial officer, of the effectiveness of our disclosure controls and procedures as defined in Rule 13a-15(e) of the Exchange Act, as of the end of the period covered by this quarterly report. Based upon that evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this report to provide reasonable assurance that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. There were no changes in our internal control over financial reporting that occurred during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. 6
PART II — OTHER INFORMATION ITEM 1. Legal Proceedings The Company is not a party to any legal proceedings and is unaware of any pending or threatened legal proceedings. ITEM 6. Exhibits and Reports on Form 8-K (a) Exhibits. Exhibits required to be attached by Item 601 of Regulation S-K are listed in the Index to Exhibits beginning on page 15 of this Form 10-Q, which is incorporated herein by reference. 7
SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized this 15th day of May, 2006.
TRICELL, INC.
/s/ Neil Pursell By: Neil Pursell, Chief Financial Officer
EXHIBIT NO. DESCRIPTION 3(i) Articles of Incorporation of the Company. (Incorporated by reference from the Company’s Form 10-SB12G, file number 000-50036, filed on October 11, 2002.)
3(ii) Bylaws of the Company. (Incorporated by reference from the Company’s Form 10-SB12G, file number 000-50036, filed on October 11, 2002.)
10.1 Loan Agreement, dated February 14, 2005, by and between Tricell Distribution Ltd. and Telco Invest Limited (filed as Exhibit 10 to the Company’s Current Report on Form 10-K filed on June 10, 2005, and incorporated herein by reference).
10.2 Employment Agreement, dated January 26, 2006, by and between the Company and Neil Pursell (filed as Exhibit 10.2 to the Company’s Annual Report on Form 10-K filed on April 17, 2006, and incorporated herein by reference)
10.3 Employment Agreement, dated January 26, 2006, by and between the Company and James Reed (filed as Exhibit 10.3 to the Company’s Annual Report on Form 10-K filed on April 17, 2006, and incorporated herein by reference)
10.4 Employment Agreement, dated January 26, 2006, by and between the Company and Adrian John Sumnall (filed as Exhibit 10.4 to the Company’s Annual Report on Form 10-K filed on April 17, 2006, and incorporated herein by reference)
10.5 Employment Agreement, dated January 26, 2006, by and between the Company and Neil Proctor (filed as Exhibit 10.5 to the Company’s Annual Report on Form 10-K filed on April 17, 2006, and incorporated herein by reference)
10.6 Sale Agreement, dated June 30, 2005, by and between the Company and James Reed, Neil Pursell, John Sumnall, and Neil Proctor (filed as Exhibit 10 to the Company’s Current Report on Form 8-K filed on July 7, 2005, and incorporated herein by reference).
10.7 Letter of Intent dated April 14, 2006 executed by and between the Company and the owners of N2J Limited (filed as Exhibit 10.7 to the Company’s Annual Report on Form 10-K filed on April 17, 2006, and incorporated herein by reference)
21 List of Subsidiaries
31(i) Certification of Chief Executive Officer of Tricell, Inc. under Section 302 of the Sarbanes-Oxley Act of 2002.
31(ii) Certification of Chief Financial Officer of Tricell, Inc. under Section 302 of the Sarbanes-Oxley Act of 2002.
32(i) Certification of Chief Executive Officer of Tricell, Inc. Pursuant to 18 U.S.C. §1350
32(ii) Certification of Chief Financial Officer of Tricell, Inc. Pursuant to 18 U.S.C. §1350
9
EXHIBIT 21 List of Subsidiaries 1. Tricell Distribution Limited, a United Kingdom limited company.
2. Tricell Global Limited, a United Kingdom limited company.
3. Ace Telecom Limited, a United Kingdom limited company.
4. Ace Telecom Trading Limited, a United Kingdom limited company.
EXHIBIT 31(i) CERTIFICATION I, Andre Salt, Chief Executive Officer of Tricell, Inc., certify that: 1. I have reviewed this report on Form 10-Q for the quarter ended March 31, 2006 of Tricell, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 4. The registrant’s other certifying officer(s) and I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: (a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to myself by others within those entities, particularly during the period in which this report is being prepared; (b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designated under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and (d) disclosed in this report any change in the registrant’s internal controls over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially effect, the registrant’s internal controls over financial reporting; and 5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions): (a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and (b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. Date: May 15, 2006
/s/ Andre Salt
Andre Salt Chief Executive Officer
EXHIBIT 31(ii) CERTIFICATION I, Neil Pursell, Chief Financial Officer of Tricell, Inc., certify that: 1. I have reviewed this report on Form 10-Q for the quarter ended March 31, 2006 of Tricell, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 4. The registrant’s other certifying officer(s) and I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: (a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to myself by others within those entities, particularly during the period in which this report is being prepared; (b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designated under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and (d) disclosed in this report any change in the registrant’s internal controls over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially effect, the registrant’s internal controls over financial reporting; and 5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions): (a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and (b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. Date: May 15, 2006
/s/ Neil Pursell
Neil Pursell Chief Financial Officer
EXHIBIT 32(i) CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 Pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code), the undersigned officer of Tricell, Inc. (the “Company”), does hereby certify, to such officer’s knowledge, that: (a) the report on Form 10-Q for the period ended March 31, 2006 (the “Form 10-Q”) of the Company fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and (b) the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company. Dated: May 15, 2006
/s/ Andre Salt
Andre Salt Chief Executive Officer
EXHIBIT 32(ii) CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 Pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code), the undersigned officer of Tricell, Inc. (the “Company”), does hereby certify, to such officer’s knowledge, that: (a) the report on Form 10-Q for the period ended March 31, 2006 (the “Form 10-Q”) of the Company fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and (b) the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company. Dated: May 15, 2006
/s/ Neil Pursell Neil Pursell Chief Financial Officer
Posted by wallymac on :
Juice what is this. You beat to SSSU and Now here. That's fine I don't care as long as we all have a chance to make some green.
That is a huge 10Q. This stock is only trading at .195. for the Quarter it had .05 per share profit.
Tricell is engaged in mobile phone operations in the secondary market, or after market, which involves transactions other than those directly between the mobile phone manufacturer and the retailer. We attempt to obtain our products at the best prices available and distribute these products to markets around the world at varying levels of maturity.
Posted by coalkickin on :
Don't place orders yet...that causes the gap up, which is bad for those of us looking to get in
Posted by BlindMellonChitlin on :
OK
I'll have mine for less than yours....LOL
Do you really think that whether or not you get in early will make any difference?
Posted by anders19199 on :
haha thanx REX sry feelin lazy today
i agree coalkickin i hope i get a chance to get in tomorrow
Good luck to you all tomorrow
Posted by renrob05 on :
Doesn't really matter what price you get...wait 1 month from now it will at 1 dollar...if not sooner!
Posted by J_U_ICE on :
quote:Originally posted by renrob05: Doesn't really matter what price you get...wait 1 month from now it will at 1 dollar...if not sooner!
Agree with you this is a mover should be interesting to see where it opens at
Posted by Rex on :
I think this sums up the profit pretty well. I still think this is undervalued but I would point out 3.6 mil of the profit is due to a write-off so really TCLL is earing .02 per share per quarter x 4 = .08. At a multiple of 10 that puts it at 80 cents pps. I'll try to get back in tomorrow am.
"The increase in other income is almost entirely due to our write off of $3,620,523 of net liabilities when two of our subsidiaries were liquidated in January 2006. This other income added significantly to our already increased income from operations, resulting in net income of $5,007,009 for the quarter ended March 31, 2006, as compared to net loss of $87,108 for the same quarter year ended 2005. Tricell’s increased profit is also the result of both our expandable operations, as well as our reduced cost of capital. For all of the first quarter of 2006, Tricell resumed internally financing its trading activities with cash flow from operations, whereas an external line of credit was used to finance operations for most of 2005"
Posted by coalkickin on :
I guess we all play differently...price does matter to me...I won't be holding a month from now
Posted by wallymac on :
Don't forget about the acquisition of N2J. It will add 18Mil in net revenue.
18 million rev looks weak compared to the 380m this quarter lol
But any profit is good profit!
Posted by Rex on :
Wally, That's 18mil in PROFIT! I didn't include that because the aquisition will only occur if 1.5 profit per month is achieved. Little downside here however imo.
Posted by coalkickin on :
This is going to be big tomorrow
Posted by renrob05 on :
gapper
Posted by coalkickin on :
Yeah...pretty much decided this will be my play for the day
Posted by Teno on :
do you think it'll go up even after the gap?
Posted by SuperSniper00 on :
gappers suck...they drive the price too high for an entry...forget that
Posted by Johnwayne on :
Agree Sniper. I will only buy if gap fills.
Posted by tmanfromtexas on :
This may or may not gap in the am. It got played a couple of weeks ago in a momo play. I am sure alot got out with a nice gain. I did. Volume today was only 150k or so. It might not hit everyone elses radar until the volume spikes. good luck yall. TMAN...
Posted by wallymac on :
quote:Originally posted by Rex: Wally, That's 18mil in PROFIT! I didn't include that because the aquisition will only occur if 1.5 profit per month is achieved. Little downside here however imo.
I meant profit. The acquisition is not contigent on the 18M profit. The structure of what N2J gets is contigent on the 18M profit.
Posted by skipdeez on :
This could be massive! $1.4 million net profit not including the liability writeoff. Crazy for a stock at this price. Getting in tomorrow...
Posted by realperson on :
Looks great Just one area to reread as far as the increase in income
The increase in other income is almost entirely due to our write off of $3,620,523 of net liabilities when two of our subsidiaries were liquidated in January 2006. This other income added significantly to our already increased income from operations, resulting in net income of $5,007,009 for the quarter ended March 31, 2006, as compared to net loss of $87,108 for the same quarter year ended 2005. Tricell’s increased profit is also the result of both our expandable operations, as well as our reduced cost of capital. For all of the first quarter of 2006, Tricell resumed internally financing its trading activities with cash flow from operations, whereas an external line of credit was used to finance operations for most of 2005.
Posted by Johnwayne on :
I don't think anybody is going to be able to get into this for less than .38.
Posted by Coulda Shoulda Woulda on :
buy on the shake
get smart fellas
Posted by kt325ci on :
Tricell Announces Record $5 Million Profit and $383 Million Revenue for First Quarter of 2006
May 16, 2006 8:30:00 AM STAFFORDSHIRE, England, May 16 /PRNewswire-FirstCall/ -- Tricell Inc. (OTC Bulletin Board: TCLL), announced record quarterly profit for the quarter ended March 31, 2006. Profit for this quarter was $5,007,009, as compared to a net loss of $87,108 for the same quarter last year. This represents an increase of 5848%. Tricell also generated revenue of $383.5 million for the three months ended March 31, 2006 as compared to $56.3 million for the same period in 2005, which is a 582% increase. The increase in revenues is the result of our expanded trading operations, which since June 30, 2005, includes the operations of our wholly owned subsidiary, Ace Telecom. Tricell's increased profit is the result of both our expanded operations, as well as our reduced cost of capital. For all of the first quarter of 2006, Tricell resumed internally financing its trading activities with cash flow from operations, whereas an external line of credit was used to finance operations for most of 2005.
Tricell's income from operations for the first quarter of 2006 was $2,071,393, as compared to $218,043 for the quarter ended March 31, 2005, representing an increase of 850%. Adding significantly to the 2006 net income figure of $5,007,009 is other income of $3,620,523, which Tricell realized in January 2006 when two of its dormant subsidiaries were liquidated.
Andre Salt, Tricell's CEO and Chairman of the Board, stated, "We are very encouraged with our results through the first three months of 2006, and are optimistic we will continue our level of operations through 2006, and we look forward to building on our base of operations in 2007. We are continuing to move forward with our plans to acquire N2J."
Tricell Inc. was established in 1999 as a distributor of mobile phones and related accessories to the wholesale markets in the UK, Europe, Middle East and Asia. For more information, please visit our website at http://www.tricellinc.com , or the SEC's Edgar filing system at http://www.sec.gov .
Disclaimer:
The above news release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). These statements are based on assumptions that management believes are reasonable based on currently available information. However, management's assumptions and the company's future performance are both subject to a wide range of business risks and external factors. There is no assurance that these goals and projections can or will be met.
SOURCE Tricell Inc.
---------------------------------------------- Jeff Nunn Managing Director of Tricell Inc. +44-8707-532360 or fax +44-8707-532361 or Info*tricelldistribution.com
Posted by pepa z depa on :
i still have rest 5 000k shares from last dip with average price 0,1400. Now i am beating my head against wall that i sold main part. I was impatient to wait.
Posted by kt325ci on :
Luckily for me I'm a member of the Tricell 100K club Posted by jdbigshooter on :
New to the boards,
When would be a good time to buy this today and at what price? I don't want to get stuck chasing it (got burnt once).
Posted by BlindMellonChitlin on :
This is gapping big time. Better to wait and see what happens.
Posted by madOIL on :
wow ask is already at .28 lol what a gap bid at .26
Posted by lostone on :
quote:Originally posted by kt325ci: Luckily for me I'm a member of the Tricell 100K club
nice KT, man, u've been hitting them on the dot! your picks are awesome and always early too.. too bad i couldn't wait it out like you dude.. you rock! I'm gonna try to get in, hopefully i can..
Posted by madOIL on :
bid at .31 now 3 mms ask at .30 2 mms
Posted by bowlegtroy on :
Been watching this one for about a month now. Notin, but plan to be!
Posted by BlindMellonChitlin on :
Too ridculous for me...cancelled my order. There are others to play too.
Posted by kinglupid on :
.105 gap so far. Sheesh. I hope their is a nasty shake!
Posted by kt325ci on :
seems to be holding steady so far at .26x.27
Posted by Rex on :
In at .275
Posted by kt325ci on :
If that was the shake then is sure wasn't much of one.
back to .29x.30
Posted by skipdeez on :
in at .27 and .28
Posted by MB on :
load up now this is going over .5 today imo...crazy low pps here..
Posted by kt325ci on :
.30x.31
Posted by kt325ci on :
quote:Originally posted by lostone: nice KT, man, u've been hitting them on the dot! your picks are awesome and always early too.. too bad i couldn't wait it out like you dude.. you rock! I'm gonna try to get in, hopefully i can..
thanks man..this is the only stock I've held long. Most otcbb stocks are only good for trading but Tricell is the real deal.
Posted by Rex on :
Lets get past all the people that bought in the teens happy to get out with 100%. Then we'll be ready to fly imo.
Posted by permanentjaun on :
Im waiting to see if 27 support is confirmed once again. If it does I see it going for the rest of the day.
Thoughts on tomorrow? This thing had huge news and is going to set off 52 wk high alerts. Possible gap tomorrow?
Posted by MoneyMoneyMoney on :
I picked up 2k and looking for 3k more. They have huge numbers!!!
Posted by skipdeez on :
I think it could be big. We have passed the 10 day volume avg by about 1.5 million shares. Should set off some radars, then when they see the news...BOOM! Rex is right in that the people who were in on this before are taking some profit now, but the buying pressure looks huge so a lot of new investers coming in that are going to hold...GLTA!
Posted by lostone on :
man, i got in at .27 and .32 more at .32 tho.. hope this goes up
Posted by lostone on :
wow, i guess the lower levels are all bought out.. moving up!
Posted by kt325ci on :
lostone, .34 trading now...you are fine. This should be a multi day run. New 52week high on record volume and a huge PR today. The eps for the quarter was .05. That doesn't happen every day for a stock this cheap
Posted by skipdeez on :
here it goes...any guesses on where this will be when the dust settles in a few days?
Posted by MB on :
my guess $1
Posted by kt325ci on :
$1 would be sweet. I'd figure at least $.50
Posted by permanentjaun on :
In at 36. I believe it will run tomorrow as well so getting in now is no big deal.
Posted by trade04 on :
this will really run if they announce qualification for nasdaq/amex
Posted by J_U_ICE on :
MY guess is the .75-.85 range
Posted by MB on :
not much left in the .30's....40's coming. this is just getting discovered imo...
Posted by kt325ci on :
shares aren't easy to get. I had an AON order for 23K at .36 and they took over a minute to fill. It filled at .359.
mm's are playing games now
Posted by lostone on :
KT you're buying more? dang.. u already got a boatload
Posted by kt325ci on :
it's easy money
Posted by kt325ci on :
3 million shares traded...crazy volume
Posted by trade04 on :
3 mill isnt that crazy imo. if tcll did 5 mill by now it would be really moving...
Posted by kt325ci on :
took 3 minutes to get a fill for 20K at .305
Posted by Doniboy on :
Is this still a good play at .305?
Posted by MoneyMoneyMoney on :
Tricell Announces Record $5 Million Profit and $383 Million Revenue for First Quarter of 2006
Number of Insider Trades: 8
Number of Buys: 8
Number of Sells: 0
Net Activity: 6,000,000
Total Shares Traded: 6,000,000
Number of Shares Bought: 6,000,000
Number of Shares Sold: 0
Posted by kt325ci on :
quote:Originally posted by Doniboy: Is this still a good play at .305?
I think it's a great entry. You may get lucky and get something around .29 if the mm's try a big shake soon.
Posted by skipdeez on :
The numbers just make this thing look so undervalued at these prices. IMO this could see .80-1.00 in the next days/weeks. I just don't think it's on the radar yet. Wait until tomorrow when people see the volume from today. Should set off a ton of radars, then they will read the news...then BAM!
Posted by kt325ci on :
skipdeez, I feel you. My thoughts exactly.
This isn't a POS stock like most of the otcbb companys that run on hype alone.
Posted by Rex on :
Last chance to get in cheap imo. shake shake shake...
Posted by skipdeez on :
If you didn't get in yet, here is your chance. MM's are so nice, look at them take the price down for you right before lunch. Good guys those MM's...
Posted by skipdeez on :
yep KT, there are SO many P&D crap stocks, it's great to find an actual company down here in the little boards...
I must have read the 10Q 8 times last night...
Posted by djg7 on :
I was able to get more at .289. I made my first buy at .35 so this averaged it down. Bouncing back up.
Posted by wallymac on :
I've been in this stock for a couple months. Was just waiting for the financials to come out. What you have said here is true. This is a good solid company. I'll be holding for a while. OT: take a look at ARCS another good profitable company off the radar.
Good Luck Wally
Posted by renrob05 on :
Crazy numbers on this one...wow
Posted by kt325ci on :
quote:Originally posted by skipdeez: I must have read the 10Q 8 times last night...
lol...I couldn't sleep at all. Was so excited when I saw the numbers. Completely blew me away.
The revenue in just the one quarter was about half of last year's revenue total.
Should easily hit a billion in sales this year.
Posted by kt325ci on :
stockioi: Stockioi watch list for: Tuesday, May 16, 2006 MNSC, NMKT, TCLL, DPHIQ
TUESDAY , MAY 16, 2006 10:59 AM
(OTCBB: TCLL) Tricell, Inc.. The Group's principal activity is to supply and distribute mobile telephones, telephone accessories and electronic commodities. The Group handles wireless products manufactured by technology companies such as Nokia, Motorola, Sony Ericsson, Kyocera, Samsung, Siemens, Panasonic, NEC and Toshiba. The customers of the Group include wireless network operators, resellers, retailers and wireless equipment manufacturers. The Group distributes the commodities in the United Kingdom, Netherlands, Belgium, Hong Kong, France and Other countries.
Stockioi finds undervalued stocks exhibiting the potential for explosive breakouts using a winning combination of technical disciplines and cutting edge perspective. Sign up today for our free newsletter and start finding out why our picks are gaining so much small cap investor attention
Posted by MB on :
picked up a few more here at .3
Posted by skipdeez on :
after lunch action on the way...ask is starting to build
Posted by kt325ci on :
amazing how it has traded sideways this long. Fast approaching 5 million shares traded.
Posted by skipdeez on :
I was just thinking that. Tons of accumulation at these levels.
Posted by MB on :
wish I had more free $. This is a steal here. Won't be here for much longer imo..
Posted by MoneyMoneyMoney on :
have to remember also that the news came out this morning. Lots of new buyers will be rushing to get in in the morning. Watch.
Posted by renrob05 on :
we're gonna see some EOD action
Posted by MB on :
Stole this from another board to bring here...
Posted by: angelhillcorp In reply to: in2lite who wrote msg# 2151 Date:5/16/2006 2:37:56 PM Post #of 2155
A DTC report dated 2/9/06 states ... 21.4m shares are registered for open market trading
Float ................. 21,400,000 .. DTC Registered Street Name .... 24,600,000 Total ................. 46,000,000 Therefore ......... 21.4M Shares are Market Trading ...
30m D-ISC recinded shares with T/A are void as 10Q states 101m O/S
If anyone needs share count clarified call .... TCLL Attorney ... Kevin Woltjen .. Dallas, TX ( 214 ) 742-5555
Discount Intranet Supply Channel Limited ..... 10K ~ 4/17/06 We rescinded our July 15, 2004 acquisition of Discount Intranet Supply Channel Limited (“D-ISC”). Despite our earlier attempts to negotiate a mutually agreeable rescission, we have informed D-ISC that the 29.5 million shares of the Company’s common stock issued to D-ISC are invalid, not fully paid and not non-assessable. We have also informed D-ISC that we will vigorously defend any attempt by D-ISC to establish rights in these shares.
Tricell (TCLL) ........ Board of Dir Plans $1. PPS ..... UK Press ..... 2/14/06
Mr Sumnall said Tricell's board planned to develop the business to reach a share price target of one dollar - 57 pence -
He said: "There has been a lot of bad press, which hit the industry, but with the ECJ's ruling investors now recognise that Tricell is a high-turnover business and are coming back.
"It is too early to say that a full recovery is underway, but the board is working hard to reach its target of getting the share price to a dollar."
Posted by MB on :
looks like there may be a buying opportunity here at eod as flippers exit...get ready...crazy #'s Posted by kt325ci on :
there aren't many people that can flip at these levels other then those that already had shares before today. I can't imagine it dropping much more.
Posted by Birkoff on :
Closed at 0.29. Up 48.72%.
I'll be DD'ing tonight and see if I can get in tomorrow.
Posted by kt325ci on :
That should blow up some radars eh?
Posted by Ragedbull777 on :
Just got in today guys and gals. I read their financial report and what I want to know is why isnt' the price per share much higher. I mean the revenues and net income were awesome. Is it a hidden treasure or am I missing something? GLTA
RB
Posted by Rex on :
This stock typically doesn't blow its' wad in a day like most pennies rather it runs over the course of a few or several days (look at the history for yourself). Also the 20 day MA just blew past the 50 day MA. Nice.
This was a PR back from July 2005: Very interesting
The acquisition of Ace Telecom will enable Tricell to expand and deepen its already extensive customer base. Ace generated approximately $104 million in sales turnover for the year ended June 30, 2004. In addition to this, the four directors of Ace Telecom, with their extensive knowledge of the telecoms industry, will give strength and depth to the management structure of the Tricell group.
Posted by Ragedbull777 on :
quote:Originally posted by Rex: This stock typically doesn't blow its' wad in a day like most pennies rather it runs over the course of a few or several days (look at the history for yourself). Also the 20 day MA just blew past the 50 day MA. Nice.
Isn't that what they call the "Golden Cross"? Hopefully we'll attract more investors in the coming months. GLTA
Posted by Ragedbull777 on :
Anyone getting alerts on this baby? It would be nice. The more investors the better. Ciao.
Rb
Posted by wallymac on :
Yes I've gotten a few alerts. Should be a good day tommorrow.
Posted by SuperSniper00 on :
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy 20-Day Average Volume - 529900
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 328570
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 230423
Overall Average: 100% - Buy
Posted by J_U_ICE on :
Tomorrow should be the start of the fun. Thought this would be better today got in .27 but for only 10k shares. Should be a fun ride Posted by wallymac on :
quote:Originally posted by MoneyMoneyMoney: what was this stocks symbol before Feb 2005?
This was a PR back from July 2005: Very interesting
The acquisition of Ace Telecom will enable Tricell to expand and deepen its already extensive customer base. Ace generated approximately $104 million in sales turnover for the year ended June 30, 2004. In addition to this, the four directors of Ace Telecom, with their extensive knowledge of the telecoms industry, will give strength and depth to the management structure of the Tricell group.
I'm able to pull up charts on TCLL all the way back to 2003 on Big Charts.
Ace telecom was acquired by TCLL and has been big part of their success. I believe Ace was a private company or wasn't being traded on the U.S. exchange
Posted by skipdeez on :
quote:Originally posted by Ragedbull777: Just got in today guys and gals. I read their financial report and what I want to know is why isnt' the price per share much higher. I mean the revenues and net income were awesome. Is it a hidden treasure or am I missing something? GLTA
RB
Pretty sure it's a hidden treasure, not for long though...GLTA!
Posted by skipdeez on :
getting some attention...
---
Wednesday, May 17th Stock Trading Alert NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by eLocity Inc. May 17, 2006 9:40:00 AM SARASOTA, FL -- (MARKET WIRE) -- 05/17/06 -- eLocity's stocks to watch for today are -- INfe Human Resources, Inc. (OTC BB: IFHR), NCO Group, Inc. (NASDAQ: NCOG), Camtek Ltd. (NASDAQ: CAMT), Tricell Inc. (OTC BB: TCLL). Tricell Inc. (OTC BB: TCLL) announced first quarter financial results Tuesday, reporting income from operations of $2,071,393, compared to $218,043 for the same quarter last year. Revenues were $383.5 million for the quarter compared to $56.3 million for the same period last year.
TCLL closed Tuesday at $0.29.
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The company reserves the right to trade in securities mentioned herein, and may make purchases or sales in such securities featured within our newsletter reports. The information contained in this publication is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. All statements of opinions, if any, (Our Summary) are those of the company.
The company relies exclusively on information gathered on the Public Company, such as public filings, press releases and its web sites. Investors should use the information contained in this publication as a starting point for conducting additional research on the Public Company in order to allow the investor to form his or her own opinion regarding the Public Company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.
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Posted by Rex on :
large bids coming in...
Posted by coalkickin on :
movin in the right direction today Posted by SuperSniper00 on :
lets goooooo
Posted by permanentjaun on :
Seemed to bounce off the top boll or previous high of .27. Lets get it movin
Posted by skipdeez on :
as with most stocks, it just needs volume. with their great financial picture, I don't mind holding for a while. This goes higher IMO.
Posted by MB on :
I am very suprised more haven't jumped on this one. Gonna take a few days to chew through sellers at this rate...
Posted by permanentjaun on :
Dead duck? Bearish engulfing candlestick formed.
Last time RSI broke 70 she dropped from 26 to 17 but held around 20. 20 MA is plenty far away for support.
I do like how it seemed to hold the top bollinger band nicely.
Parabolic SAR still showing support.
Whats everyone else think? Matt
Posted by skipdeez on :
I am surprised it is still at this level, the 10Q was amazing. Seems like it has pretty good support in the upper .20's now, but the volume just wasn't enough to push it higher today. Maybe they need to throw a fluff pr that says their shares should be worth $33, that seems to get movement. It does make me laugh that this company has $384 million in revenues and it moves up 50% and stays. Whereas some of these stocks go up 500-1000% on fluff news. oh well, guess I just don't understand the pennies fully yet. In case anyone cares, I am holding, we'll see what happens...
Posted by J_U_ICE on :
this is a frustrating wait.
Posted by kt325ci on :
This isn't the stock that'll make you rich in a day.
Holding for the long term can. It should be $1+ before the end of the year IMHO.
If anyone here does not like waiting on a stock then you may want to sell.
Posted by Ragedbull777 on :
I am a bit dissappointed this stock is not moving up. With the revenues and profit it just had it's unreal. GLTA
Posted by permanentjaun on :
This hurts. Hopefully a bounce off the sell off, which it will be if it holds .26 (Top Bollinger Band)
Posted by MB on :
Added at .24
Posted by kt325ci on :
Just wanted to post a quick comparison of TCLL vs. NMKT. NMKT seems like a good company but this just goes to show how truly undervalued TCLL is.
Net Income TCLL $5,007,009 NMKT $434,298
Posted by MB on :
added more at .24..hehe.. Posted by permanentjaun on :
Hopefully we can hold the .25 if not higher. This could show bulls putting up a fight. Still it's kinda hard to judge where it will go tomorrow considering how much higher it is compared to monday. A whole lot of gap still exists. Of course we know where I want it to go. I just wish the 20 MA would catch up some to bounce off of. Matt
Posted by BULListic on :
Very good comparison and makes one go Hmmmmmm...
I do the same thing with DRDF...17 million in Q sales, 3 million profit and it's sitting at .0041 and a market cap of 3.3 million. Some things just don't add up.
quote:Originally posted by kt325ci: Just wanted to post a quick comparison of TCLL vs. NMKT. NMKT seems like a good company but this just goes to show how truly undervalued TCLL is.
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% - Buy 20-Day Average Volume - 582023
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 339945
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 242449
Overall Average: 96% - Buy
Posted by renrob05 on :
BULL...DDRF doesn't compare...it has almost a billion shares O\S and doesn't even have a net profit. Please do not compare it to this company.
TCLL 5 million net profit with 100 mill O/S
Posted by BuyTex on :
lol, scit 'em, rob...
Posted by MB on :
bought more at .24...thought I would bring this over...
Posted by: sageofflorida In reply to: None Date:5/19/2006 11:15:21 AM Post #of 2254
Spoke with the Company earlier today- good discussion about operating model and potential for the future as well as issues of raising the profile and alternative exchanges for quotation.
My overall impression is of a robust business structure with a solid very well experienced management- this is not your typical OTCBBstock intent on promotion firstly and thinking about whether they have a real business much later.
I was asked to pass the thanks of everyone at the Co to members of the Tricell 100 club for all their support.
I am very comfortable with my ( growing) investment in TCLL.
Posted by MB on :
looks like we are gonna fill that gap! Posted by MB on :
added again at .23
Posted by skipdeez on :
holding on tightly...I shouldn't have even got up this morning, my portfolio looks like a war zone...
Posted by MB on :
nice close Posted by J_U_ICE on :
up to .29 maybe some promise here
Posted by MB on :
.28x.29 2x1 then 3 * .30
Posted by kt325ci on :
looking good...everybody just has to remain patient with this one and gains will come.
Posted by lostone on :
another PR would be nice
Posted by gonefishin13 on :
StreetInvesting.com "What Is Next For Tricell Inc. ?"
May 22, 2006 (M2 PRESSWIRE via COMTEX) -- Despite a combined 14.3% decline in share price Wednesday and Thursday, Streetinvesting.com has taken note of Tricell Inc. (0TCBB:TCLL) after shareholder value rose 4% Friday. Although this still represents an overall loss in share price since Tuesday of last week, with a trading volume of over half a million, our research team is viewing this as a positive sign.
The eyes of our research team members were first caught on Tuesday of last week, after the Company’s share price exploded, rising an astounding 48.72% come market closure that day. However, perhaps even more impressive than Tuesday’s increment in share price was the well above average trading volume which accompanied it, with over 5.7 million shares having traded hands come the day’s closing bell. Wednesday, Thursday, and Friday also saw strong trade volumes and after taking note of Tuesday’s success, coupled with Friday’s positive correction, our researchers have decided to take a closer look at this mobile phones and accessories distributor.
Tuesday’s success also marked the setting of a new 52 week high for the Company, as investors saw the share price hit a day high of $0.37 and close at $0.29, significantly surpassing the previously achieved 52 week high of $0.27. This followed in line with the overall trend investors in this Company have experienced since late April. However, as well as the stock had been performing in the past couple of months, nothing had been able to compare with Tuesday’s fantastic returns.
Since, April 24th, shareholders have netted returns of almost 200% and our research team feels that Tuesday’s renewal in share value can be attributed in part to news released that morning, outlining increased 2006 Q1 revenue of astronomical proportion.
Tricell Inc. was established in 1999 as a distributor of mobile phones and related accessories to the wholesale markets in the UK, Europe, Middle East and Asia. Tricell Inc Group is comprised of companies that manage every aspect of the global commodity supply chain, from product acquisition through to delivery. Through strategically broadening its presence within the mobile communications sector, the Tricell Group aims to cover not just product supply, but also logistics fulfillment, owned retail, franchised retail distribution and airtime connectivity.
Early Tuesday morning, Tricell Inc. announced record quarterly profit for the quarter ended March 31, 2006. Profit for the company’s first quarter of 2006 was $5,007,009, as compared to a net loss of $87,108 for the same quarter last year. This represents an astounding increase of 5848%. Tricell also generated revenue of $383.5 million for the three months ended March 31, 2006 as compared to $56.3 million for the same period in 2005, which is a 582% increase. The Company credited this increase in revenues to its expanded trading operations, which since June 30, 2005, included the operations of its wholly owned subsidiary, Ace Telecom. Tricell also stated that its increased profit was the result of both its expanded operations, as well as its reduced cost of capital.
Furthermore, Tricell resumed internally financing its trading activities for this quarter with cash flow from operations, whereas an external line of credit was used to finance operations for most of 2005. Tricell's income from operations for the first quarter of 2006 was $2,071,393, as compared to $218,043 for the quarter ended March 31, 2005, representing an increase of 850%. Adding significantly to the 2006 net income figure of $5,007,009 is other income of $3,620,523, which Tricell realized in January 2006 when two of its dormant subsidiaries were liquidated.
In response to these amazing achievements, Andre Salt, Tricell's Chief Executive Officer and Chairman of the Board, commented, "We are very encouraged with our results through the first three months of 2006, and are optimistic we will continue our level of operations through 2006, and we look forward to building on our base of operations in 2007. We are continuing to move forward with our plans to acquire N2J."
After reviewing these results, the amazing investor response, and the Company’s overall success so far this month, our research panel has decided to keep a diligent watch over Tricell Inc. throughout the coming few fiscal quarters. Throughout this time, we will be interested to see whether or not this recent market success might be able to continue on in the short-term, as well as whether or not the following quarterly results might be able to bring further gains to investors in the more distant future.
bought more today...gonna hold this for a long time
Posted by skipdeez on :
hanging onto mine for a while as well...
Posted by wallymac on :
Added today and will hold, this is still very undervalued. No where to go but up, IMO.
GLTA Wally
Posted by JohnnyRotten on :
I bought some today. I really like the numbers, volume still double the average. It seems to be stabilizing and accumulating in the .24-.28 range.
If volume stays up this should take off soon. Really should be .50 Plus.
I flipped another stock and waiting to get back in, thought this was pretty stable and might give a quick 10-30% gain this week.
Posted by Newbie7 on :
Is it time to get on boat again? The price is Great!!
Posted by skipdeez on :
IMO it is...this stock is truly undervalued, go back and read their last PR...I bought in at .27 and I am holding...
Posted by Newbie7 on :
Seems like it.. A company with solid financials., with probably .08 cents per share profit this year.. Even Purl Gurl like the numbers from what I recalled..
Posted by skipdeez on :
It's hard not to like the numbers! This may not be a get rich quick stock, but I think it will see .50 in the near future...JMO
Posted by SuperSniper00 on :
been holding as well
Posted by GlassCrasher on :
Holding here too, this is a solid company. If I had more funds, I'd buy at these low prices.
Posted by wallymac on :
Still holding here. It may be a long term hold but it will be worth it.
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