Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
Hot Stocks Free for All !
»
PLNI....
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by Murnak: [QB] From SI! Seems there are some on RB who can't understand why there are no IM machines in the Schedule A listing of hardware. If they really understood M&A there would be no question. Here is my take on the situation... Pro Mold owned ten IM machines as Plant Property, the largest being a 385 Ton TOYO. Plasticon apparently purchased an additional two 500 Ton IM machines, delivered them to the ProMold facilty and integrated them into plant operations. The only capital hardware at the facility that was not easily moved Plant Property were the building chill water systems/piping, and plastic resin silos, handing systems and support hardware listed on Schedule A(non-Real Estate Assets). To consolidate the Pro Mold purchase, the 10315 LLC was created with the only member being John Murphy. The Schedule A hardware was allocated to the 10315 LLC, as well as the manufacturing facility building. Plasticon acquired all of the outstanding common stock of Pro Mold (which includes all plant property and inventory) from the Trust and the Schedule A hardware owned by the LLC in exchange for the payment of $3,500,000. The ownership of the manufacturing facility building still belongs to 10315 LLC. Plasticon leases the facility through April 2007, and is therefore, not rigidly tied to the facility or fiscally responsible for building maintenance, anticipating rapid growth and expansion requirements in the next 3-5 years. By investigating the Missouri SOS UCC filings and looking at the 14 July 06 visit photos you can easily determine that Pro Mold has twelve (12) injection molding machines in addition to other hardware currently in operation. Here is a listing: Model|Clamp(Tons)|Manufacturer|UnitID 15S|15|Boy|Unk 15S|15|Boy|Unk 75RSF5|75|Van Dorn|Unk EC240V21|240|Toshiba|#7 TM-110G2|110|TOYO|Unk TM-200G|200|TOYO|#4 TM-200G|200|TOYO|#6 TM-300G|300|TOYO|Unk TM-310GS|310|TOYO|#12 TM-385G|385|TOYO|Unk TM-500H2|500|TOYO|#10 TM-500H2|500|TOYO|#11 As you can see, eight of the 12 are TOYO machines and five have a clamping force above 300 tons. The link to conduct this DD is listed below. http://www.sos.mo.gov/ucc/soskb/SearchStandardRA9.asp Enter "pro mold" in the search field. Currently, three of the eight TOYO's (#10,11,&12) are labeled as dedicated resources for BlueLinx. That usage was confirmed during the 14 July 06 site visit by a long time shareholder. The photos of that visit are available at this link. http://webpages.charter.net/cybermed/071406/ The above may not be 100% accurate, but based on the 8-K language it is probably pretty close. Your take? Rick [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2