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TCLL ..Posted profit for 1st quarter...Low float...$56,000,000 1st qtr
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[QUOTE]Originally posted by fleer: [QB] Port Vale are on the verge of finally settling their long-standing £92,000 sponsorship dispute with Tricell. Club chairman Bill Bratt has negotiated a deal which will see Vale paid in newly-issued shares in the mobile phone firm which is quoted on the OTC (Over The Counter) Market in the U.S. The deal will allow Vale to cash in the shares after 12 months and settle an 18-month-old dispute. Mr Bratt told shareholders at Monday's AGM that representatives of the group had approached him with a share offer. Mr Bratt said: "I have come to an agreement that the club will have a trench of shares that will be floated in the new company." He said the Valiants could sell the shares after 12 months, which would give them more than they were originally owed. Tricell director John Sumnall said: "We were not responsible for the problems, but we wanted to resolve the issue quickly." Meanwhile, Mr Bratt has also hit back at claims that the proposed £2.25 million city council loan for his club is a step towards ground-sharing with Stoke City. He said: "The council is not interested in taking over Port Vale. Also, this is not the thin end of the wedge towards a groundshare." [/QB][/QUOTE]
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