Proliance International Inc (CE) (PLNTQ) Noticias

I’m leaning that way as well, nevertheless intriguing though!

Probably hit a few scanners because of the volume. Then probably got on the OTC top gainers. Or maybe being accumulated to be pumped. Seems like the most likely scenarios to me. Tiny OS so never know what happens here

If it has another day like yesterday it’ll be getting a little louder; wonder what got it going like that?

Quiet board considering today’s action

Took a month for the volume to kick in

Who's is mick?

PLNTQ Proliance (GM) 0.0106 10,500.0% VOL 217,191

Agreed. Looks good

Grey to pink... small float... noticing the ones that have small amounts of volume in the days/weeks before the change to grey have a better chance at volume after becoming current

Could there be life after death?? Up 2700%
Hasn't traded in years - wonder what's up??

Is there hope of this stock coming back

PLNTQ Chart & Last Filing:


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7031508


Nice vol today, looking good!
GLTU HDogTx!

on the move today

PLNTQ @ .008!

PLNTQ @ .005!
;)

PLNTQ @ .002!
;)

Aug 19, 2009 Proliance International, Inc. has completed the sale of substantially all of its North American assets to Centrum Equities XV, LLC, a unit of real estate firm Centrum Properties, Inc.
Proliance is a manufacturer and distributor of aftermarket heat exchange and temperature control products for automotive and heavy-duty applications. All the companies are based in the US.

Announcement (July 2, 2009):

Proliance International has entered into an agreement to sell substantially all of its North American assets to Centrum Equities for $21.5 million in cash.

Broadpoint Capital, Inc. is acting as financial advisor and Jones Day is acting as legal advisor to Proliance.

Deal Value (US$ Million) 21.5
Deal Type Acquisition
Sub-Category Asset Purchase
Deal Status Completed: 2009-08-17

Deal Participants

Target (Company) Proliance International, Inc. - North American Assets
Acquirer (Company) Centrum Equities XV LLC
Vendor (Company) Proliance International, Inc.

......................................

http://www.tradingmarkets.com/.site/news/Stock%20News/2487691/

PLNTQ was down 99% yesterday from $0.01 to $0.0001! I am wondering if the company or the very sick CEO will cancel the common shares soon. Anyway I am holding my 3M damn cheap shares tightly.

Down 66.7% yesterday! Today it will down 90% to $0.0001. Sell ASAP!

Up 2900% yesterday! Who are those very stupid buyers which bought
the shares at $0.003 while they can buy it at $0.0001? Sick MMs?

Down 96.7%! The pos scam hits $0.0001 again. Sell at $0.0001 ASAP
before the shares cancellation! $0.0001 is better than $0.00000000.

Up 50%. Please buy at the daily's high to push the price to $0.008!

PLNTQ was up 166.7% yesterday! The low was $0.002 (200,000 shares)
and the high was $0.008 (10,000 shares). I bet today it will trade
in the $0.001 ~ $0.01 range. Unfortunately it is in Grey Sheets...

Going to get any hits today on PLNTQ ya think?

The Reality

The Co has said it's stock is worthless. It is in Bankruptcy. Bounce? For what. Everyone saying so here before has been proven entirely wrong...any money in has been lost.

In fact, the close on Fri of .003 is deceptive...any trade of any size/$ potential was at .001. Buy even at that...hundreds of thousands of shares, if you can...and your still dealing with no real money....do you really think that your order could possibly fill to sell it all, before th BK officially calls it in at 0, at any amount of bounce after? NO.

It is up 166.7% for now! I bet $0.01 will be hit today. Buy at ask!

New 52-week low $0.001 was created today! It seems $0.0005 comes...

Same here, wou;d be nice to hold this price level-that's why I was asking. You know how these pop in the beg. THX:)

I've placed a huge order to buy the shares at $0.003 and so far I
did not get any single share yet. It is extremely oversold now! I
bet very soon PLNTQ will shoot $0.01 again or even $0.03 with any
kind of good news.

Hope you're buying-I picked some up @ .004 & looking for more @ .003.

It is down 25%! What happened? The support at $0.004 has just been
broken. Anyway We still have two very strong supports at $0.003 and
0.002 which must be the forever bottom and unbreakable 52-week low!

It is up 150% today! No more $0.003! No more $0.002! $0.004 formed another support besides the bottom support at $0.002. Buy at asking
only and never sell the shares at the bid then everyone make money!

The Facts

160 million assets
133.5 debt

Preferred shares 9,913 auth: 30,000 shares
Common shares 15,788,744 auth: 47,5000,000

http://www.pliinfo.com/petitions.php3

Another new 52-week low $0.002 was created today! $0.002 must be the final bottom price because the price is already up 400%. I am
glad to own about 500,000 damn cheap shares which I bought today.
I purchased as low as $0.002 and as high as $0.01. My average cost
is about $0.003 and will sell them at $0.01 or higher.

Had order in all day

for 100,000 shares at .003 and only got 15,550 filled. I did see orders go through below my bid, not sure how that happened.

This should get to .0001 one would think.

I can't get filled. You got ANY L2?

The OS is 15,799,000 shares. New 52-week low $0.003 was created now
and the market value is $47,397 only. $0.003 seems the real bottom!

12.77 mil float, 2.84 million market cap, book value $1.699

That might be up for debate in the courts. It is not fair for the company to halt the stock without warning and then tell shareholders they get wiped out in that process. It was one thing when NYSE delisted the stock and another for them to stop trading pending a news release without warning to shareholders.

I am sure there are institutional investors that will not agree to those terms.

Even Worse...Shareholders will be wiped out

Stock from NYSE Amex Exchange

NEW HAVEN, Conn.--(BUSINESS WIRE)--July 02, 2009--

Proliance International, Inc. (NYSE Amex: PLI) today announced that it has
voluntarily requested the NYSE Amex Exchange to delist its common stock from
trading on the NYSE Amex Exchange. This announcement follows the filing of
voluntary petitions by the Company and its U.S. subsidiaries today in the U.S.
Bankruptcy Court for the District of Delaware under Chapter 11 of the U.S.
Bankruptcy Code. The Company does not currently intend to relist its common
stock on another exchange as it expects there will be no recovery to the common
stockholders upon completion of the bankruptcy process. The NYSE Amex Exchange
had previously halted trading of the Company's common stock on June 24, 2009.

Forward Looking Statements

Statements included in this press release, which are not historical in
nature, are forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Statements
relating to the future financial performance or liquidity of the Company are
subject to the effects of the chapter 11 filings, business conditions and
growth in the general economy and automotive and truck business, the impact of
competitive products and pricing, changes in customer product mix, failure to
obtain new customers or retain old customers or changes in the financial
stability of customers, changes in the cost of raw materials, components or
finished products, the discretionary actions of its suppliers and lenders, and
changes in interest rates. Such statements are based upon the current beliefs
and expectations of Proliance management and are subject to significant risks
and uncertainties. Actual results may differ from those set forth in the
forward-looking statements. When used in this press release, the terms
"anticipate," "believe," "efforts," "estimate," "expect," "goal," "may,"
"objective," "plan," "possible," "potential," "project," "proposal," "pursue,"
"will" and similar expressions identify forward-looking statements.

Additional factors that could cause Proliance's results to differ materially
from those described in the forward-looking statements include the effects of
the financial crisis and turmoil in the capital markets, developments in the
chapter 11 cases, the global recession and other factors identified in
Proliance's 2008 Annual Report on Form 10-K and Proliance's other subsequent
filings with the SEC. The forward-looking statements contained in this press
release are made as of the date hereof, and Proliance does not undertake any
obligation to update any forward-looking statements, whether as a result of
future events, new information or otherwise.

About Proliance International, Inc.

Proliance International, Inc. is a leading global manufacturer and
distributor of aftermarket heat transfer and temperature control products for
automotive and heavy-duty applications serving North America, Central America
and Europe.

CONTACT: Proliance International, Inc.

Arlen F. Henock, 203-859-3626

Chief

Financial Officer

or

Anreder & Company

212-532-3232

Steven

Anreder

steven.anreder@anreder.com)

or

Gary

Fishman

gary.fishman@anreder.com

SOURCE: Proliance International, Inc.
Copyright Business Wire 2009


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07-02-09 1019ET

10:19 070209

This is an amount certainly more than the 2.2 million dollar market cap where it closed.

This does not include non-us company assets and allows for DIP financing as well.

Will be interesting when we commence trading again.

Proliance Files for Chapter 11 with Agreement to Sell Domestic Operations as Going Concern to Owners of Visteon Aftermarket

Jul 2, 2009 10:09:00 (ET)


NEW HAVEN, Conn., Jul 02, 2009 (BUSINESS WIRE) -- Proliance International, Inc. (NYSE Amex: PLI), a leading global manufacturer and distributor of aftermarket heat exchange and temperature control products for automotive and heavy-duty applications, today announced that to address liquidity needs and preserve the value of its business, the Company and its U.S. subsidiaries have filed voluntary petitions in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 of the U.S. Bankruptcy Code.

In connection with its filing, Proliance has entered into a definitive agreement to sell substantially all of its North American assets as a going concern for $21.5 million, in cash, subject to adjustment, under a court supervised sale process under section 363 of the U.S. Bankruptcy Code, to Centrum Equities XV, LLC, a Tennessee based holding company which includes the Visteon aftermarket business. The Visteon aftermarket business was spun off as an independent company in February 2008 from Visteon Corporation of Michigan and sold to Centrum Equities XV, LLC. Wynnchurch Capital, Ltd., a Chicago-based private equity firm, is Centrum's financial partner in the Proliance transaction.

Charles E. Johnson, Proliance President and CEO said, "The filing and agreement we are announcing today represents the culmination of an exhaustive process to evaluate all available options to address the Company's liquidity constraints and is the only viable option after reviewing all alternatives to maximize the value of the Company for stakeholders, to provide the best possible opportunity for associates and to provide that our customers' needs going forward were met.

"The combination of Centrum's resources and industry expertise and Proliance's manufacturing and distribution capabilities will help get our business back on track faster and enable the combined Company to serve its customers in an exemplary way," Mr. Johnson said. "Longer term, we believe ownership by Centrum will create a stronger balance sheet and establish a solid platform which will provide opportunity for growth."

Mr. Johnson explained the pressing need to access more capital to service customers weighed heavily in the Company's decision making. "As has been reported in our prior public filings, we have done everything possible to obtain a refinancing or to carry out our sale of the business since February 2008, when tornados destroyed our Southaven, MS warehouse and much of the inventory," he said. "However, the condition of the financial markets has made it impossible to find a viable financing package outside bankruptcy."

Roger Brown, President and CEO of Centrum Equities XV, LLC said, "We are excited about this opportunity to put together these two leading companies in the automotive aftermarket. We strongly believe that the combination with Proliance, along with the financial investment to be made, will provide for unparalleled service in the industry."

The filing does not include Proliance's non U.S. entities or operations. Proliance is in the process of marketing its NRF subsidiary in Europe. The bankruptcy filing listed approximately $133.5 million of liabilities, including approximately $40.1 million under Proliance's secured credit facility. Proliance's restructuring counsel is Jones Day and its restructuring and financial advisor is Broadpoint Capital, Inc. For access to certain court documents and other information about Proliance's Chapter 11 case, visit www.pliinfo.com .

Forward Looking Statements

Statements included in this press release, which are not historical in nature, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to the future financial performance or liquidity of the Company are subject to the effects of the chapter 11 filings, business conditions and growth in the general economy and automotive and truck business, the impact of competitive products and pricing, changes in customer product mix, failure to obtain new customers or retain old customers or changes in the financial stability of customers, changes in the cost of raw materials, components or finished products, the discretionary actions of its suppliers and lenders, and changes in interest rates. Such statements are based upon the current beliefs and expectations of Proliance management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. When used in this press release, the terms "anticipate," "believe," "efforts," "estimate," "expect," "goal," "may," "objective," "plan," "possible," "potential," "project," "proposal," "pursue," "will" and similar expressions identify forward-looking statements.

Additional factors that could cause Proliance's results to differ materially from those described in the forward-looking statements include the effects of the financial crisis and turmoil in the capital markets, developments in the chapter 11 cases, the global recession and other factors identified in Proliance's 2008 Annual Report on Form 10-K and Proliance's other subsequent filings with the SEC. The forward-looking statements contained in this press release are made as of the date hereof, and Proliance does not undertake any obligation to update any forward-looking statements, whether as a result of future events, new information or otherwise.

About Proliance International, Inc.

Proliance International, Inc. is a leading global manufacturer and distributor of aftermarket heat transfer and temperature control products for automotive and heavy-duty applications serving North America, Central America and Europe.

SOURCE: Proliance International, Inc.


Proliance International, Inc.
Arlen F. Henock, 203-859-3626
Chief Financial Officer
or
Anreder & Company
Steven Anreder, 212-532-3232
steven.anreder@anreder.com
or
Gary Fishman, 212-532-3232
gary.fishman@anreder.com

Yep I spoke to IR as well and he didn't have a whole lot to say, But as we spoke we both agreed that if they were going "Q" that would have been done automatically...as others have done.

So I have my fingers crossed they got some financing and if thats the case we will hear about it before trading resumes and it should open much higher than where it closed.

But as they say "Thats wishful Thinking", either way I think the company is in pretty good shape going forward. The fact that most of their business is after market verses new is a real plus.

Most people today can't afford a new car but they will keep the ones they have in good operating condition. Got to keep heat in the winter and AC in the summer going especially with the climate the way it is.

I also talked to a local radiator shop(best in my area) before I bought PLI and asked them what parts they used and who made them...guess what they said "Proliance was the best" and they never had returns using thier parts. Owner said "Good Stuff"....

Well interesting why they halted this for a day. IR says news will be out within a couple of days.

I'd like to believe their financing or it's been bought.

Chpt 11 usually comes right out after a pump. We did not see that, so i am sitting here thinking positive. We will know b4 Monday's opening IMO.

GLT all of us holding PLI.

-Hero

Looks like PLI has two choices now that it has been halted awaiting news.

1. They get some financing and open much higher based on the announcement.

2. They don't get financing and file Chapter 11 get a "Q" rating and then go for DIP financing.

Assets: 160.31 million
Liabilities: 133.49 million

Total Equity: 26.82 million

Cash on hand: 2.23 million or .142 per share
Book value: $1.699 (PS)

Enterprise Value: 36.58 million and closed with market cap of only 2.22 million

Cash is the only weak link here...so a selection of either above options and I think we do just fine.

Doing Jest fine FG jest fine

WEEEEEEEEEEEEEEEEEEEEEEEEE!!!!! Hey Cowboy, did we bust through the 20's yet? Lol.....How are ya doing today?

ARE WE THERE YET?

keep smacking that bid thank you very much.