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I posted this on RB back in 7/5/05. I didn't find the ihub board until recently.
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=TCLL&read=423
guilty as charged..lol
Sure would be nice to close at HOD.
.19 x .225
slow and steady .21 x .235
no problem..hopefully everybody will have L2 this week.
Current L2 inside...
It's not much but just picked up another 4500. I'm pretty much out of cash now but the boat is loaded. I don't want to be that guy that always looks back and says "I wish I had bought more shares when it was XX".
I'd say once it crosses .25 then the real run will begin. We will need some fuel to get the fire started and that will be either a PR or the 10K. I'm very content with small gains until then.
.20x.22....looks like somebody is buying this morning.
That last buy at .19 was mine so that we would close near the HOD. Have a great weekend gang!
yep, UBSS was on the ask during that time.
.145x.19, here's an image of the current L2 since most people can't pull it up yet.
I noticed that as well..I checked the charts on CLST and it appears to of been in the .30 cent range back in August. Hopefully we have a run like that this year.
b/a 3x.17 / 1x.18, WECK is still on the bid.
February 2006 Monthly Share Volume Report
MAXM
MAXIM GROUP LLC 1,677,600
UBSS
UBS Securities LLC (UBSS) 800,102
ETRD
E*TRADE CAPITAL MARKETS LLC 579,450
NITE
KNIGHT EQUITY MARKETS, L.P. 543,251
WECK
D. WECKSTEIN & CO., INC. 320,000
TDCM
TD WATERHOUSE CAPITAL MARKETS, INC. 226,550
TASL
Tradition Asiel Securities Inc. (TASL) 205,000
FRAN
WM. V. FRANKEL & CO., INCORPORATED 89,499
SBSH
CITIGROUP GLOBAL MARKETS INC. 45,000
VFIN
VFINANCE INVESTMENTS, INC 26,300
PERT
PERSHING ADVISOR SOLUTIONS LLC 25,500
DOMS
DOMESTIC SECURITIES, INC. 21,000
SACM
STERNE AGEE CAPITAL MARKETS, INC. 20,000
HILL
HILL THOMPSON MAGID & CO., INC. 15,000
HDSN
HUDSON SECURITIES,INC. 10,000
BEST
BEAR, STEARNS & CO. INC. 10,000
VIEW
VIEWTRADE SECURITIES, INC. 6,700
wow...I get back from a meeting and see the pps at .20. Looking good.
only 3 mm's on the ask below .20..
1x.15
1x.16
1x.17
3x.20
Dream, I'm the same way when I'm invested in a company and firmly believe in it's potential. Not trying to be a promoter or pumper, just excited.
I added 45K today...eom
hehe...yep. Just got the rest of my order filled.
I'm going for another 20K @ .14. Got 10K of it so far. I've got another position I'm trying to sell and assuming that happens today then I'll be in for more
I guess I'm just a cheap bastard...always looking for the lowest price..lol
yep..Once he's gone it'll be a fun ride. I thought for sure I was going to get my whole order filled at .121 until you started buying...thanks a lot bud :(
just got a partial fill for 25K @ .121 :) I'm hoping to get more but some other Ameritrade user just outbid me at .125.
that's cool armyseal, I post over there as well under kt325ci. I'm banking on TCLL having a nice steady run this year. I've got a very nice position and will be accumulating as money becomes available.
This goes with my previous post. It explains the reason that they couldn't pay Vale and how the company was hammered financially due to VAT taxes.
TRICELL PLEDGES TO TAKE COMPENSATION ACTION
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DAVID ELKS
09:30 - 14 January 2006
Mobile phone traders are considering launching legal action against the Government after a Customs crackdown on VAT fraud was ruled unlawful. Stoke-based Tricell confirmed it is to pursue compensation after the European Court of Justice (ECJ) ruled Customs illegally withheld VAT from innocent traders because transactions were linked to so-called "carousel fraud."
The mobile phone distributor was forced to cut jobs and temporarily suspend trading after almost £1 million in VAT was withheld from the firm in 2003.
Dozens of other phone exporters across North Staffordshire might also be able make claims against the Customs' campaign to crack down on a fraud which annually costs the economy £2 billion.
Industry analysts predict the ECJ decision could cost the Government up £5 billion to compensate around 400 companies wrongfully penalised, although the Government suggests the bill is likely to be closer to £100 million.
Andre Salt, chairman and chief executive of Tricell said: "Tricell can now buy goods in the open market without fear of having VAT refunds withheld by Customs.
"Tricell will now pursue damages for lost profits, attorneys' fees expended and other damages."
The ECJ's judgment followed a battle to decide the legality of a tactic introduced in 2002 by Customs - now HM Revenue and Customs (HMRC).
The case before the ECJ involved three companies - Bond House Systems, Optigen and Fulcrum Electronics - who successfully argued the system of blocking VAT rebates because they were involved in a carousel was illegal.
Tricell was a high-profile casualty of the crackdown.
The company saw sales treble in the two years to 2002 with turnover reaching £381.3 million.
However, Customs initially withheld £9.8 million in VAT as a result of the new regime, although this was reduced to £1 million.
The retention of VAT refunds hammered the company's cashflow position and sales in 2003 fell to £54 million.
In 2004, the strictures led the firm into a high-profile dispute with Port Vale because the pressures on cash prevented the firm from handing over £92,000 as part of its sponsorship.
John Sumnall, director of Tricell, said: "Tricell found itself in a position where VAT payments were withheld by Customs, yet the company was never accused of any wrongdoing. That affected Tricell's ability to trade with creditors - including Port Vale not being paid and jobs being lost. "
VAT experts across North Staffordshire said other companies were weighing up options for legal action.
After all, North Staffordshire was once dubbed the capital of mobile phone trading, although it is estimated 90 per cent of traders ceased trading or went dormant after the crackdown.
James White, tax partner at the Hanley office of professional services firm Baker Tilly, said: "Clearly this is a defeat for Customs which says that you can't go riding in with a coach and horses over innocent traders."
National Audit Office figures show 400 companies are affected with around £1.25 billion in VAT payments withheld.
Anthony Elliot-Squire, chairman of the Federation of Technological Industries in Birmingham, estimated the Treasury could be forced to stump up £5 billion.
Jason Collins, tax litigation partner in London law firm McGrigors, which has been representing a number of affected businesses, said companies were already lodging claims with the possibility of a class-type action on behalf of larger numbers.
The Government said the HMRC would now consider the detail of the ruling to determine its impact on previous decisions.
Meanwhile, mobile phone entrepreneur Peter Carnall has called for better banking support for traders as a result of the ECJ decision.
His telecoms group Eurostar was forced to seek new banking arrangements in October last year after the Bank of Scotland gave 30-days' notice that accounts were being closed.
Mr Carnall has since managed to find new banking facilities.
He said: "It is the fastest growing sector on the globe.
"Based on this fact banks should be supporting companies, not discriminating against them on the basis of the sector."
source:
http://www.thisisthesentinel.co.uk/displayNode.jsp?nodeId=158338&command=displayContent&sour...
Doing some DD and found something REALLY interesting. Looks like the company is serious about getting the share price over $1.
VALIANTS IN LINE FOR £142,000 BOOST
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DAVID ELKS
15:00 - 14 February 2006
Port Vale directors are hopeful of a financial boost in their long-running fight for sponsorship money from mobile phone firm Tricell. News of the breakthrough came as administrators for Tricell UK confirmed the company will be wound-up one year after they were appointed to the firm, which owed £92,000 to the Valiants.
Confirmation of the liquidation comes as club officials track the share price of parent firm Tricell Inc, which has more than doubled since the Vale were granted the equities given in December.
Tricell UK liquidator Pat Papanicola, of London insolvency practitioners Bond Partners, said he was awaiting a decision by HM Revenue and Customs on how to resolve a damages claim lodged by the company. This is because a decision by Customs and Excise officers to withhold VAT from Tricell UK and other mobile phone companies as it was linked to so-called missing trader fraud was ruled unlawful by the European Court of Justice.
Mr Papanicola said: "They are currently reviewing the case and have said they will make a decision by February 23.
"One of the questions will be how much interest they are going to pay and what compensation for the damage it caused to the business.
"There may be some money available to pay off creditors but it would be premature to say how much."
News of the liquidation comes two months after the club was granted 250,000 Tricell Inc shares as a measure of support. At the time the shares were priced at four pence, but the price has now more than doubled to 8.9 pence, valuing the company's holding to £22,250.
Mr Sumnall said Tricell's board planned to develop the business to reach a share price target of one dollar - 57 pence - within 18 months.
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."
The club must hold the shares for a minimum of 12 months and cannot sell the shares until the price exceeds one dollar - valuing the stake at £142,500.
Vale chairman Bill Bratt, who has already written off the £92,000 that had been pledged to the club in 2004, said: "It would be nice if the share price can continue to rise. Everyone would be vindicated if the price reached the dollar."
source:
http://www.thisisthesentinel.co.uk/displayNode.jsp?nodeId=158338&command=displayContent&sour...
Can anybody think of a way to find out how many shares WECK has sold so far? I know I can get monthly share volume reports on otcbb.com but since TCLL just moved back, nothing is available yet.
Just want to see how much of this 144 filing is left.
Tricell Inc 10/24/2005 947,958 WECKSTEIN (D) & COMPANY INC
current bxa .145 x .15
I know it's not much but picked up another 5K this morning. I'm planning on rolling over a majority of my daytrading profits here.
300 million British pounds = 525 million U.S. dollars
rookieman, you're getting up there. I'm currently at 220K and will add more if the price goes down a little more. I'm hoping to see .12 again but really doubt that'll happen.
I'm putting in an order for another 75K @ .121. I'm setting it GTC so it'll be ready in the event the mm's try and take it down more.
army, much better times ahead. I had sold those cheap shares during the July run and pretty much sat on the sideline waiting. I started buying back shares between .10-.12 once the VAT ruling was made and added a bunch more as of late.
I believe we are lucky to be aware of this company and have a chance to accumulate at these prices. Once the word gets out and they get the IR train rolling then the pps should be much higher than it is now IMO.
Nice buy, I noticed UBSS on the bid and then left after filling you. Are you an Ameritrade user?
thanks for the great info!!
.17x.18 WECK on the ask.
Only 92,300 out of the 474,100 traded below .20 today.
Only a 2K block went through @ .165. It happened right before they filled my 20K
15:15:48 18000 0.17 + OTCBB
15:15:39 2000 0.17 + OTCBB
15:15:39 2000 0.165 - OTCBB