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Monday, May 07, 2007

[PLNI]: Notification of Public Sale of Collateral of PRO MOLD, INC., Plasticon International Inc.'s largest subsidiary by former owner

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http://www.plasticsnews.com/subscriber/classifieds/viewad.html?pnid=050707A459

NOTIFICATION OF PUBLIC SALE

Stone, Leyton & Gershman
Ph: (314) 721-7011
Email: rcase@stoneleyton.com
Web: http://www.stoneleyton.com



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NOTIFICATION OF PUBLIC SALE
OF COLLATERAL OF PRO MOLD, INC.

(Non-Consumer Transaction)

MODERN PLASTICS INJECTION MOLDING FACILITY. 12 MACHINES FROM 75T TO 500T WITH ALL AUXILIARY AND LEASEHOLD EQUIPMENT. STRONG BACKLOG, OPERATING 24/6. LONG TERM FAVORABLE LEASE IN A/C BUILDING WITH ROOM FOR EXPANSION IN ST. LOUIS MISSOURI.

Pro Plas LLC, a Missouri limited liability company, as assignee of the John P. Murphy III Revocable Trust No. 1 or its assignee will sell the collateral listed below to the highest qualified bidder by public auction as follows:

Day and Date: Friday, May 18, 2007
Time: 12:00 noon
Place: First Floor, Plaza Level - North Front Door
St. Louis County Government Center Courts Building, 7900 Carondelet
Avenue, Clayton, Missouri 63105
==============================================

Description of Collateral Being Sold



Stock: Certificate No. 4, representing 1,000 shares of common stock of Pro Mold, Inc. as described in the Stock Pledge Agreement dated April 30, 2006, with an effective date of December 31, 2005 executed by Borrower Plasticon International, Inc. Machinery, Equipment, Fixtures, Real Property, and Other Assets: All of the property described in the Security Agreement dated December 31, 2005 executed by Pro Mold, Inc. including but not limited to the following:


(A) Equipment and Machinery. All of Pro Mold, Inc.’s equipment, including without limitation, office equipment, shop equipment, and all other equipment, machinery, furniture, furnishings, fixed assets and any and all other tangible personal property, and any parts thereof and inserts thereto and all additions, accessions, substitutions and replacements thereto or thereof, now owned or hereafter acquired by Pro Mold, Inc., and


(B) Fixtures. All fixtures, fittings, appliances, apparatus, equipment, machinery, furniture and furnishings, and all other personal property now owned or hereafter acquired by Pro Mold, Inc., now or at any time hereafter annexed, affixed or attached to the real property generally known as 10315 Page Industrial Blvd., St. Louis, Missouri 63132 and all additions, accessions, substitutions and replacements thereto or thereof, and


(C) Leases. All right, title and interest of Pro Mold, Inc. in and to, and all rights, powers, privileges and benefits of Pro Mold, Inc. in, to and under any and all leases, subleases, rental agreements, concessions, licenses, occupancy and use agreements and similar arrangements, whether oral or written, now existing or hereafter arising, relating to the real property generally known as 10315 Page Industrial Blvd., St. Louis, Missouri 63132, as amended, extended, renewed or otherwise modified from time to time; and


(D) Proceeds. All proceeds, including proceeds which constitute property of the types described in (A), (B) and (C) above, and all cash and non-cash proceeds, including without limitation, all insurance proceeds on any and all of the foregoing, and all products of (A), (B) and (C) above, and the proceeds and products of all other proceeds and products, and any indemnity, warranty or guaranty payable by reason of any loss or damage to or otherwise with respect to any of the foregoing items, and all of the books and records which relate to any of the foregoing items.

Additional information, to the extent available, can be obtained by contacting the attorneys for Pro Plas LLC as listed below.

Dated: May 4th, 2007 - PRO PLAS LLC,
By its attorneys, Stone, Leyton & Gershman, A Professional Corporation
By: E. Rebecca Case, MO #38010,
Howard S. Smotkin, MO #36227

7733 Forsyth Blvd.
Suite 500
St. Louis, Missouri 63105
(314) 721-7011

rcase@stoneleyton.com -- hsmotkin@stoneleyton.com




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1 Comments:

Anonymous Anonymous said...

Well said.

5:59 AM  

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