Posted by: Dream In reply to: None Date:2/13/2006 2:09:17 PM Post #of 6777
TCLL Update: I just spoke with James Redd (president)
I confirmed what Mikes (angelhillcorp) info. he got from the company.
Here's another interesting part:
The recent 144 that was filed is being blocked. James said that the shares filed are restricted. He knows of no sellers and is trying to find out what is going on with the stock. He's more really up on the market just running the business.
He also said that they will NOT be late with filings again like in the past. They have another auditor that won't let it happen again.
Very nice guy to speak with if anyone else wants to give him a call. Just keep in mind that they're 6 hours ahead of us.
011-44-1260-29-1880
Stay tuned for a positive 8K in a couple of weeks.
Posts: 908 | Registered: Dec 2004
| IP: Logged |
Nice 8K just out! Expecting much more from this company.
Item 8.01 Other Events On January 28, 2006, Tricell, Inc., a Nevada corporation (“Tricell”), was notified that two of its wholly owned subsidiaries, Tricell International Limited (“Tricell Int.”) 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 its subsidiaries have provided any guarantees or security interests to the creditors of either Tricell Int. or Tricell UK. The High Court of Birmingham approved the transfer to liquidation in proceeding number #2037 for Tricell UK and #2008 for Tricell Int. Bond Partners, LLP, the liquidator for Tricell Int. and Tricell UK, estimates that there will be no surplus from either entity after all creditors of Tricell UK and Tricell Int. have been paid. As the liquidator estimates that there will be deficiencies in both Tricell Int. and Tricell UK, he does not expect Tricell to receive any income or assets. The estimated deficiencies of the companies in liquidation are:
Tricell International Limited - £434,997 (equals $771,380 as of January 28, 2006) Tricell (UK) Limited - £567,135 (equals $1,005,700 as of January 28, 2006) Total - £1,002,132 (equals $1,777,081 as of January 28, 2006)
The liquidators estimated statement of affairs includes £1,000,000 (equals $1,773,300 as of January 28, 2006) VAT receivable from the UK government that was previously for VAT tax withheld, but it does not include estimates for potential claims that could be pursued against the UK Government for damages and/or interest due to the withholding actions taken by the UK Government. After investigating potential claims, the likely costs to Tricell in pursuing potential claims, and Tricell’s ultimate recoverability, Tricell’s Board of Directors has decided not to pursue a claim against the UK government on the basis that the funds necessary to pursue such a claim may be better used in Tricell’s operations. As a result of this liquidation, as of January 28, 2006, the assets and liabilities of Tricell UK and Tricell Int. will be removed from Tricell’s consolidated financial statements. The overall effect on the Tricell’s financial statements is that Tricell’s net assets will increase by £1,978,817 or (equals $3,509,036 as of January 28, 2006), which includes the £1,000,000 VAT receivable (equals $1,773,300 as of January 28, 2006). Tricell’s Form 10-K for the fiscal year ended December 31, 2005 will include the estimated deficiencies of £1,002,132 (equals $1,777,081 as of January 28, 2006); however, as of January 28, 2006, all liabilities of Tricell UK and Tricell Int. will be removed from Tricell’s financial statements, and Tricell’s net assets will increase by £1,002,132 (equals $1,777,081 as of January 28, 2006).
Posts: 908 | Registered: Dec 2004
| IP: Logged |
Posted by: angelhillcorp In reply to: Dream who wrote msg# 162 Date:2/15/2006 4:43:55 AM Post #of 163
TCLL >> ALERT >> Super 8K out ...
1/28/06 Subs cleared from Administration ..
Subsidiary restructuring very positive ...
TCLL cleaned & clear with +Assets.
Holding long this baby is going to fly short term ....
Positive moves now for Subs Ace & Tricell Dist.
500M Rev 9mths with + Net earnings ....
Can't wait till 8K guidence .....
Looks like we are up $3,509,036 +Assets .....
Original Subs Adminstration filing Tricell UK reported due creditors $3,455,000 & Tricell Int. filed $1,100,00 due .....
------------------------------------------
8K ... 02/14/06 As a result of this liquidation, as of January 28, 2006, the assets and liabilities of Tricell UK and Tricell Int. will be removed from Tricell’s consolidated financial statements. The overall effect on the Tricell’s financial statements is that Tricell’s net assets will increase by £1,978,817 or (equals $3,509,036 as of January 28, 2006), which includes the £1,000,000 VAT receivable (equals $1,773,300 as of January 28, 2006). Tricell’s Form 10-K for the fiscal year ended December 31, 2005 will include the estimated deficiencies of £1,002,132 (equals $1,777,081 as of January 28, 2006); however, as of January 28, 2006, all liabilities of Tricell UK and Tricell Int. will be removed from Tricell’s financial statements, and Tricell’s net assets will increase by £1,002,132 (equals $1,777,081 as of January 28, 2006).
Posts: 908 | Registered: Dec 2004
| IP: Logged |
IF Profit Is $3.75Mil,Earnings.037/Sh/Yr X PE of 20 = $ .75 IF Profit Is $5 Mil,Earnings .05/Sh/Yr X PE of 20 = $1.00 If Profit Is $7.5 Mil,Earnings.075/Sh/Yr X PE of 20 = $1.50 IF Profit Is $10 Mil,Earnings .10/Sh/Yr X PE of 20 = $2.00
The Predictions Above Hinge On Certain Conditions. If Most Of The Conditions Exist, We'll Reach $1.50 - $2.00
1)If Company Can Obtain ATLEAST a 1% Profit Margin on 1 BIllion Sales Then We'll Have Net Profit of $10 Mil and We Should Get CLOSE To $2.00!
2) If Our STOCK Begin To Show Up On Stock Screeners.
3) Release PR through PRNewswire.
4) Have Good Fundementals (Especially Price To Book), Price To Sales Is Already FANTASTIC.
5)If Company Can Increase Profit Margins EVEN Higher Than 1% Than Would Help Us Hit The $2.00 MARK.
6) If We Can STAY On OTC Or Move UP To NASDAQ, AMEX, Or NYSE
Please NOTICE these predictions are CONDITIONAL! Please Make Sure And Do Due Diligence Researh BEFORE Investing In Any Stock.
Posts: 1 | From: Owensboro,KY | Registered: Feb 2006
| IP: Logged |
They've already exceeded their revenue goal. Boy, if we could get back to that net income level now. Sheesh! Sure looks like they're workin on it.
From their latest 10K:
In the wireless sector, our primary area of operations, we will continue our wholesale international distribution of mobile handsets and electronic equipment and feel confident that within the next twelve months we may soon return to 2002 revenue levels.
Tricell's Facilities Management Division Secures Material Distribution Contracts That Are Expected to Boost Profitability WEDNESDAY, SEPTEMBER 07, 2005 5:42 PM - PR Newswire
STAFFORDSHIRE, England, Sept 07, 2005 /PRNewswire-FirstCall via COMTEX/ -- Following board level negotiations during the second quarter 2005, Tricell Distribution, Ltd., a wholly owned subsidiary of Tricell, Inc. (OTC Pink Sheets: TCLL), successfully executed two distribution contracts. Pursuant to the contracts, Tricell Distribution's Facility Management Division will distribute mobile telephones and accessories to end users. All mobile telephones sold include airtime packages. Tricell Distribution was awarded these contracts due to the combined experience and pro-active approach of Tricell's management team.
Although revenue from these contracts is expected to constitute only a very small portion of consolidated revenues for Tricell, management expects profits from the Facilities Management Division to slightly improve Tricell's consolidated level of profitability. The Facilities Management Division is, and we believe will continue to be, a stable, profitable and distinct business line separate from our much larger trading operations.
Tricell Distribution, Ltd. is the UK logistics and support division of Tricell, Inc. and supply airtime and hardware to the dealer and call centre network throughout the United Kingdom.
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 www.tricellinc.com , or the SEC's Edgar filing system at www.sec.gov .
This post is a copy past from Ihub TCLL board
Posts: 14 | Registered: Nov 2005
| IP: Logged |
posted
Something is up with this one alot of buys coming in and has started moving fast
Posts: 510 | From: Dallas, TX | Registered: Apr 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Frown]](frown.gif)
![[Smile]](smile.gif)
....
