posted
TCLL has reported prfit and revenues .. + chart looks good to me ..low float but I think it's ready to run Company Information
Tricell Inc Website Annual Report 6 Howard Place Stoke-on-Trent Phone: +44 8707 53-2360 Staffordshire ST1 4NQ
Fax: n/a
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.
TRICELL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS
March 31, 2005 December 31, (Unaudited) 2004
ASSETS
CURRENT ASSETS Cash $ 481,866 $ 6 Inventory 1,477,834 — VAT receivable, net 196,626 43,691 Notes and loans receivable 1,128,454 57,798 Receivable from shareholder 58,063 59,534 Accounts receivable, net 20,820,941 503,939 Prepaid expenses and other current assets 78,726 256,809
Total Current Assets 24,242,510 921,777
MACHINERY AND EQUIPMENT, NET 49,777 53,542
INTELLECTUAL PROPERTY, NET 70,463 77,064
TOTAL ASSETS $ 24,362,750 $ 1,052,383
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES Income taxes payable $ 2,919,879 $ 2,888,672 Accounts payable 23,074,577 1,163,701 Accrued expenses and other current liabilities 1,202,079 1,253,902 Line of credit 979,611 —
Total Current Liabilities 28,176,146 5,306,275
STOCKHOLDERS’ EQUITY (DEFICIT) Common stock 93,753 93,753 Additional paid-in capital 314,757 314,757 Retained deficit (4,504,010 ) (4,833,911 ) Accumulated other comprehensive income 439,610 368,391 Deferred compensation (157,506 ) (196,882 )
Total Stockholders’ Equity (Deficit) (3,813,396 ) (4,253,892 )
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 24,362,750 $ 1,052,383
The accompanying notes are an integral part of these financial statements
TRICELL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2005 AND 2004 (Unaudited)
2005 2004 CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ 110,578 $ (478,246 ) Adjustments to reconcile net income (loss) to net cash provided by (used) in operating activities: Depreciation and amortization 7,189 40,520 Amortization of deferred compensation 157,504 — Changes in operating assets and liabilities: (Increase) decrease in: Inventory (1,488,027 ) — VAT receivable (155,076 ) 1,395,449 Accounts receivable (20,469,671 ) (70,386 ) Other receivables (796,761 ) — Prepaid and other current assets — 49,094 Increase (decrease) in: Accounts payable and accrued expenses 22,057,121 (17,756 ) Other current liabilities (22,352 ) — Income taxes payable 103,284 (86,975 )
Net Cash Provided By (Used in) Operating Activities (496,211 ) 831,700
CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from sale of machinery and equipment — 159,674 Cash paid in acquisition of ACL — (137,724 ) Loans to third-parties (166,555 ) (450,743 ) Loans to shareholder — (24,842 )
Net Cash Provided by (Used In) Investing Activities (166,555 ) (453,635 )
CASH FLOWS FROM FINANCING ACTIVITIES: Net increase in line of credit 986,368 — Repayment of long-term debt — (70,206 ) Repayment of loan to third-parties 56,759 —
Net Cash Provided by (Used In) Financing Activities 1,043,127 (70,206 )
NET INCREASE IN CASH 380,361 307,859
EFFECT OF EXCHANGE RATE ON CASH 101,499 1,865
CASH, BEGINNING OF PERIOD: 6 183,241
CASH, END OF PERIOD: $ 481,866 $ 492,965
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION: Interest paid during the year $ — $ 42,874
Income taxes paid during the year $ — $ —
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: Shares issued as deferred compensation $ — $ 315,010
TCLL -- Tricell, Inc. Com ($0.001)
Address: 6 Howard Place Stoke-on-Trent Staffordshire, ST1 4NQ United Kingdom
Phone: 011 44 8707 53 2360
Business Description: Not Available
State of Incorporation: NV
Officers: Andre Salt, CEO; Robert Stone, Pres.; Albert Amritanand, Sec't.
Outstanding Shares: 93,500,000 as of 2004-01-07
Estimated Market Cap: Not Available
Current Capital Change: shs increased by 20 for 1 split Ex-Date: 2003-07-28 Record Date: 2003-07-28 Pay Date: 2003-07-28
Dividends:
Company Notes: Formerly=4forGolf, Inc. until 7-03
Transfer Agent: Signature Stock Transfer, Inc., Plano, TX 75093
posted
no kidding. Shares are really hard to get. I got my first partial at .035 and then I'd raise my price, get another partial and they'd uptick it.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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Tricell’s revenues have grown from £ 121.7 million in 2000 to £130.7 million in 2001 and to £431.4 million in 2002. Margins were and remain thin (Net profit before tax of £1 million in 2000 fell to £515,000 in 2001 before recovering strongly to £6 million in 2002) and trading can be volatile over the course of each year. However, the underlying growth of handsets and connections worldwide have helped Tricell enjoy strong performance despite estimates of the handset market declining in Western Europe in 2003 by about 10% in volume terms.
The business has always generated positive cash flow every year of its operations. The business is debt free.
Revenues
After a difficult 2003 and 2004 which saw revenue decrease from $700 million to US$100 M due to working capital constraints (caused by the withholding of VAT repayments by UK Customs & Excise to this sector), 2005 is now poised for a marked performance improvement.
UK Customs & Excise have implemented the processes and procedures they believed necessary and are no longer unduly withholding VAT repayments. Tricell anticipates its revenues will now return to US$500m-$700m.
Posts: 768 | From: Ingland | Registered: May 2004
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Now I'm laughing at myself for being cheap and placing that order at .026. Should of just tried .035 to beging with.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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posted
And I hope in 18 hours it will be back at $2
I managed to buy 70,000 shares from .053 -.09
I kept having to change my limit order so it took alot of work to get those shares.. lol
I did sell onev to buy this and I used "unsettled funds" so I hope I hope this stock will still be up there in 3 days.. I always screw myself over using unsettled funds I hope it is different this time.
Posts: 214 | Registered: Jun 2005
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posted
dreamer_rick : nice catch rick. a quick glance at the financials looking pretty good! may see some REAL action on this one. again good call!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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My sentiments exactly! I know $2 would be nice but I'd settle for $1. LOL
I bought 102K between .035-.06 and then another 13K @ .10 before the bell. Shares were crazy hard to buy. I kept having to cancel orders and replace them after only getting partials.
Once again, Thanks to dreamer_rick for the post.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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posted
I sold all my shares of this. The company is difficult to get a hold of and I'm a little ticked off that they didn't issue a PR about the 1st Quarter results. I still think it could have some huge gains but they need to do something to bring in investors.
They also listed the wrong number of outstanding shares on the 10Q. Here is the info I just received from their transfer agent.
Tricell Industries
Outstanding: 124,295,877 shares
Authorized: 500,000,000 shares
Denise Bogutski signaturestock@aol.com
Signature Stock Transfer, Inc. 2301 Ohio Drive Suite 100 Plano, TX 75093 Tel: 972 612-4120 Fax: 972 612-4122
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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posted
Does anyone have any feedback on this stock? This looks to me like this may be a long term hold. I still own shares and am debating what to do. Do you see this stocl going anywhere anytime soon?
Any feedback is appreciated!
Posts: 214 | Registered: Jun 2005
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posted
This stock will fly in about a month or so when they post their next quarter data. They have profit!! Yes the "P" word!
At this price this is a steal. Do your DD... This looks like a great buying oppertunity. These shares are had to get since the float is so low
Posts: 214 | Registered: Jun 2005
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Look at their quarterly financial reports. The companys income is almost back at their 2002 levels. then look at the stock charts and see the share price for 2002!
This is a steal at this price...
Posts: 214 | Registered: Jun 2005
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posted
cool, thanks Mike, I'll check 'er out. Don't know if I will jump or not. Swore I would never own another pinkie. OTCBB is as close as I will get. But this does look interesting enough for me to maybe break my new rule.
-------------------- If it wasn't for bad luck I'd have no luck at all. Posts: 1529 | From: Tacoma WA | Registered: Apr 2005
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posted
The reason they reported a loss the past year is due to back VAT taxes that needed to be paid or somehting like that. Now that the VAT issue has been resolved the company is back to making profit. I think the share price will soon reflet a profitable company.
Posts: 214 | Registered: Jun 2005
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posted
I am personaly holding 82,000 shares. I am waiting for this to rocket up, which should be at next PR or in a month or so when they release their next quarter financial report. There is no reason not to buy this stock!!
Posts: 214 | Registered: Jun 2005
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