If they repeat the next 6 months that puts their p/e ratio at roughly 2. (yearly)
Even though the stock is at almost an all time high, looks way attractive. Its a pinky with real assets and revenue. I'm all over it!
Posts: 149 | From: Salt Lake City | Registered: Aug 2006
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TCLL (.37) Announces $740 Million Revenue and $6.7 Million Profit For First Half of 2006
STAFFORDSHIRE, England, Aug. 21 /PRNewswire-FirstCall/ -- Tricell, Inc. (OTC Bulletin Board: TCLL), today announced revenue for the first six months of $740.9 million. This compares to $276.8 million in revenue for the same period in 2005. Profit for first half of 2006 was $6,776,389, as compared to a net loss of $162,038 for the same period in 2005. The increase in revenue 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, our reduced cost of capital, and a one time gain of $3,620,523 realized on net liabilities written off from liquidated subsidiaries.
Tricell generated revenue of $357.4 million for the three months ended June 30, 2006 as compared to $220.5 million for the same period in 2005. Tricell's quarterly profit for the quarter ended June 30, 2006 was $1,769,382, as compared to a net loss of $74,930 for the same quarter last year. The significantly improved profitability in the second quarter of 2006 resulted primarily from Tricell internally financing a majority of its trading activities with cash flow from operations, whereas an external line of credit was used to finance operations for the second quarter of 2005.
Andre Salt, Tricell's CEO and Chairman, stated, "Our results through the first six months of 2006 and for the second quarter of 2006 are very satisfying and we look to continue this level of operations through 2006. We plan on building on our base of operations in 2007, including our projected expansion into the United States by the end of the 2007 second quarter. We are continuing to move forward with our plans to acquire N2J, which we hope will allow us to increase not only revenue, but our profit margin."
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. FTS
Posts: 48 | From: Philadelphia, PA | Registered: Dec 2003
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"Pursuant to the agreement with Barron Partners, we are required to amend our articles of incorporation to provide for an authorized capitalization of 120,000,000 shares of capital stock, of which 10,000,000 will be shares of preferred stock and 110,000,000 will be shares of common stock and to effect a one-for-eight reverse split of our common stock. "
Under the heading: "OUR RESTATED ARTICLES OF INCORPORATION"
Based upon the 340,545,877 shares of common stock outstanding on the Record Date, the reverse split would decrease the outstanding shares of common stock by 87½%, and, upon the effectiveness of the reverse split, approximately 42,568,235 shares of new common stock would be outstanding.
The restated articles of incorporation will be filed with the Secretary of State of Nevada on or about, but not earlier than, the 20 th day after this information statement is mailed to our stockholders. The reverse split would become effective as of the date of such filing.
see if the MM's can take this down a bit again
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7766 | From: Virginia | Registered: May 2006
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