-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, V8nvgqOMm8v5oNOM1MrqCxpo4HAZSVP1HnRm+wH/r8zxrtNHdios25HF1skZE6YH Oe9cicm0+caCZZOebjLU7A== 0001123292-08-000147.txt : 20080206 0001123292-08-000147.hdr.sgml : 20080206 20080206145433 ACCESSION NUMBER: 0001123292-08-000147 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080206 DATE AS OF CHANGE: 20080206 GROUP MEMBERS: CHARLES E. MCCARTHY GROUP MEMBERS: HENRY J. LAWLOR, JR. GROUP MEMBERS: KEVIN A. RICHARDSON, II GROUP MEMBERS: MURRAY A. INDICK SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONSOLIDATED MERCANTILE INC CENTRAL INDEX KEY: 0000784012 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-38117 FILM NUMBER: 08581171 BUSINESS ADDRESS: STREET 1: 106 AVE RD CITY: TORONTO ONTARIO CANA STATE: A6 MAIL ADDRESS: STREET 1: 100 AVENUE ROAD CITY: TORONTO ONTARIO STATE: A6 ZIP: 9999999999 FORMER COMPANY: FORMER CONFORMED NAME: CONSOLIDATED MERCANTILE CORP DATE OF NAME CHANGE: 19990517 FORMER COMPANY: FORMER CONFORMED NAME: LAMBDA MERCANTILE CORP DATE OF NAME CHANGE: 19871006 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Prides Capital Partners, LLC CENTRAL INDEX KEY: 0001295315 IRS NUMBER: 200654530 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 200 HIGH STREET STREET 2: SUITE 700 CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 617 778 9200 MAIL ADDRESS: STREET 1: 200 HIGH STREET STREET 2: SUITE 700 CITY: BOSTON STATE: MA ZIP: 02110 SC 13D/A 1 cslmf13d02062008.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

(Amendment No. 5)

 

Under the Securities Exchange Act of 1934

 

Consolidated Mercantile Incorporated

------------------------------------------

(Name of Issuer)

 

COMMON STOCK, no par value

-------------------------------------

(Title of Class of Securities)

 

20950N107

---------

(CUSIP Number)

 

Murray A. Indick

Prides Capital Partners, L.L.C.

200 High Street, Suite 700

Boston, MA 02110

(617) 778-9200

-------------------

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

January 31, 2008

------------------

(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box o.

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP NO. 20950N107

SCHEDULE 13D

-----------------------------------------------------------------------

1. NAME OF REPORTING PERSON

Prides Capital Partners, L.L.C.

 

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

20-0654530

 

-----------------------------------------------------------------------

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a) []

 

(b) x

-----------------------------------------------------------------------

3. SEC USE ONLY

-----------------------------------------------------------------------

4. SOURCE OF FUNDS*

See Item 3

-----------------------------------------------------------------------

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED

PURSUANT TO ITEMS 2(d) or 2(e) o

-----------------------------------------------------------------------

6. CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

-----------------------------------------------------------------------

7. SOLE VOTING POWER

 

-0-

-----------------------------------------------------------------------

8. SHARED VOTING POWER

 

209,183**

-----------------------------------------------------------------------

9. SOLE DISPOSITIVE POWER

 

-0-

-----------------------------------------------------------------------

10. SHARED DISPOSITIVE POWER

 

209,183**

-----------------------------------------------------------------------

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

209,183**

-----------------------------------------------------------------------

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES

 

CERTAIN SHARES

 

o

-----------------------------------------------------------------------

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

4.1%

-----------------------------------------------------------------------

14. TYPE OF REPORTING PERSON

OO ( Limited Liability Company)

-----------------------------------------------------------------------

** See Item 5

 

 

 

CUSIP NO. 20950N107

SCHEDULE 13D

-----------------------------------------------------------------------

1. NAME OF REPORTING PERSON

Kevin A. Richardson, II

 

-----------------------------------------------------------------------

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a) []

 

(b) x

-----------------------------------------------------------------------

3. SEC USE ONLY

-----------------------------------------------------------------------

4. SOURCE OF FUNDS*

See Item 3

-----------------------------------------------------------------------

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED

 

PURSUANT TO ITEMS 2(d) or 2(e)

 

o

-----------------------------------------------------------------------

6. CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

-----------------------------------------------------------------------

7. SOLE VOTING POWER

 

-0-

-----------------------------------------------------------------------

8. SHARED VOTING POWER

 

209,183**

-----------------------------------------------------------------------

9. SOLE DISPOSITIVE POWER

 

-0-

-----------------------------------------------------------------------

10. SHARED DISPOSITIVE POWER

 

209,183**

-----------------------------------------------------------------------

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

209,183**

-----------------------------------------------------------------------

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES

 

CERTAIN SHARES

 

o

-----------------------------------------------------------------------

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

4.1%

-----------------------------------------------------------------------

14. TYPE OF REPORTING PERSON

IN

-----------------------------------------------------------------------

** See Item 5

 

 

 

 

CUSIP NO. 20950N107

SCHEDULE 13D

-----------------------------------------------------------------------

1. NAME OF REPORTING PERSON

Henry J. Lawlor, Jr.

 

-----------------------------------------------------------------------

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a) []

 

(b) x

-----------------------------------------------------------------------

3. SEC USE ONLY

-----------------------------------------------------------------------

4. SOURCE OF FUNDS*

See Item 3

-----------------------------------------------------------------------

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED

PURSUANT TO ITEMS 2(d) or 2(e)

o

-----------------------------------------------------------------------

6. CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

-----------------------------------------------------------------------

7. SOLE VOTING POWER

-0-

-----------------------------------------------------------------------

8. SHARED VOTING POWER

 

209,183**

-----------------------------------------------------------------------

9. SOLE DISPOSITIVE POWER

-0-

-----------------------------------------------------------------------

10. SHARED DISPOSITIVE POWER

 

209,183**

-----------------------------------------------------------------------

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

209,183**

-----------------------------------------------------------------------

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES

CERTAIN SHARES

o

-----------------------------------------------------------------------

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

4.1%

-----------------------------------------------------------------------

14. TYPE OF REPORTING PERSON

IN

-----------------------------------------------------------------------

** See Item 5

 

 

 

 

CUSIP NO. 20950N107

SCHEDULE 13D

-----------------------------------------------------------------------

1. NAME OF REPORTING PERSON

Murray A. Indick

 

-----------------------------------------------------------------------

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a) o

 

(b) x

-----------------------------------------------------------------------

3. SEC USE ONLY

-----------------------------------------------------------------------

4. SOURCE OF FUNDS*

See Item 3

-----------------------------------------------------------------------

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED

PURSUANT TO ITEMS 2(d) or 2(e)

o

-----------------------------------------------------------------------

6. CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

-----------------------------------------------------------------------

7. SOLE VOTING POWER

-0-

-----------------------------------------------------------------------

8. SHARED VOTING POWER

 

209,183**

-----------------------------------------------------------------------

9. SOLE DISPOSITIVE POWER

-0-

-----------------------------------------------------------------------

10. SHARED DISPOSITIVE POWER

 

209,183**

-----------------------------------------------------------------------

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

209,183**

-----------------------------------------------------------------------

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES

 

CERTAIN SHARES

 

o

-----------------------------------------------------------------------

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

4.1%

-----------------------------------------------------------------------

14. TYPE OF REPORTING PERSON

IN

-----------------------------------------------------------------------

** See Item 5

 

 

 

 

 

CUSIP NO. 20950N107

SCHEDULE 13D

-----------------------------------------------------------------------

1. NAME OF REPORTING PERSON

Charles E. McCarthy

 

-----------------------------------------------------------------------

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a) []

 

(b) x

-----------------------------------------------------------------------

3. SEC USE ONLY

-----------------------------------------------------------------------

4. SOURCE OF FUNDS*

See Item 3

-----------------------------------------------------------------------

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED

PURSUANT TO ITEMS 2(d) or 2(e)

o

-----------------------------------------------------------------------

6. CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

-----------------------------------------------------------------------

7. SOLE VOTING POWER

-0-

-----------------------------------------------------------------------

8. SHARED VOTING POWER

 

209,183**

-----------------------------------------------------------------------

9. SOLE DISPOSITIVE POWER

-0-

-----------------------------------------------------------------------

10. SHARED DISPOSITIVE POWER

 

209,183**

-----------------------------------------------------------------------

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

209,183**

-----------------------------------------------------------------------

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES

CERTAIN SHARES

o

-----------------------------------------------------------------------

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

4.1%

-----------------------------------------------------------------------

14. TYPE OF REPORTING PERSON

IN

-----------------------------------------------------------------------

** See Item 5

 

 

 

 

CUSIP NO. 20950N107

SCHEDULE 13D

 

Item 1. Security and Issuer

----------------------------

This Amendment No. 5 amends the Statement on Schedule 13D (the “Schedule 13D”)filed with the Securities and Exchange Commission(the “Commission”)on January 25, 2008 by Prides Capital Partners, L.L.C. a Delaware limited liability company, Kevin A. Richardson, II, Henry J. Lawlor, Jr., Murray A. Indick and Charles E. McCarthy. This amendment to the Schedule 13D relates to the shares of Common Stock, no par value (the “Common Stock”) of Consolidated Mercantile Incorporated, an Ontario corporation (the “Issuer”). The principal executive office and mailing address of the Issuer is 106 Avenue Road, Toronto, Ontario M5R 2H3. The following amendments to the Schedule 13D are hereby made. Unless otherwise defined herein, all capitalized terms shall have the meanings ascribed to them in the Schedule 13D.

 

Item 5. Interest in Securities of the Issuer

---------------------------------------------

 

According to the Issuer’s 6-K filed on November 15, 2007, there were 5,081,207 shares of Common Stock issued and outstanding as of September 30, 2007. Based on such information, after taking into account the transactions described in Item 5(c) below, the Reporting Persons report beneficial ownership of 209,183 shares of Common Stock, representing 4.1% of the shares outstanding, held by Prides Capital Partners, L.L.C. Voting and investment power concerning the above shares are held solely by Prides Capital Partners, L.L.C.

 

Although Kevin A. Richardson, II, Henry J. Lawlor, Jr., Murray A. Indick and Charles E. McCarthy are joining in this Amendment as Reporting Persons, the filing of this Amendment shall not be construed as an admission that any of them are, for any purpose, the beneficial owner of any of the securities that are beneficially owned by Prides Capital Partners, L.L.C.

CUSIP NO. 20950N107 SCHEDULE 13D

 

(c) Since the date of the last sales reported on Schedule 13D, the Reporting Persons have sold the following shares of Common Stock in the open market:

 

 

 

Trade Date

Shares

Price/Share

1-28-2008    

11,000

1.30

1-29-2008    

4,400

1.30

1-30-2008    

29,600

1.31

1-31-2008    

4,700

1.32

2-01-2008    

100

1.30

2-05-2008    

50,000

1.30

 

 

 

(d) Not applicable.

 

(e) As of February 5, 2008, the Reporting Persons ceased ownership of more than five percent of the shares of Common Stock.

 

Item 7. Material to be Filed as Exhibits

-----------------------------------------

Exhibit A Joint Filing Undertaking

CUSIP NO. 20950N107

SCHEDULE 13D

 

SIGNATURES

 

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

 

Dated: February 6, 2008

 

Prides Capital Partners, L.L.C.

 

By:

/s/ Murray A. Indick

------------------------

Murray A. Indick

Managing Member

 

 

Kevin A. Richardson, II

 

/s/ Murray A. Indick

By:

/s/ Murray A. Indick

------------------------

------------------------

Murray A. Indick

Murray A. Indick

 

Attorney-in-Fact

 

 

Henry J. Lawlor, Jr.

Charles E. McCarthy

 

By:

/s/ Murray A. Indick

By:

/s/ Murray A. Indick

 

------------------------

------------------------

 

Murray A. Indick

By: Murray A. Indick

 

Attorney-in-Fact

Attorney-in-Fact

 

 

 

 

 

 

 

                    

CUSIP NO. 20950N107

SCHEDULE 13D

 

 

Exhibit A

JOINT FILING UNDERTAKING

 

The undersigned, being duly authorized thereunto, hereby execute this agreement as an exhibit to this Schedule 13D to evidence the agreement of the below-named parties, in accordance with the rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule jointly on behalf of each such party.

 

Dated: February 6, 2008

 

Prides Capital Partners, L.L.C.

 

By:

/s/ Murray A. Indick

------------------------

Murray A. Indick

Managing Member

 

 

Kevin A. Richardson, II

 

/s/ Murray A. Indick

By:

/s/ Murray A. Indick

------------------------

------------------------

Murray A. Indick

Murray A. Indick

 

Attorney-in-Fact

 

 

Henry J. Lawlor, Jr.

Charles E. McCarthy

 

By:

/s/ Murray A. Indick

By:

/s/ Murray A. Indick

 

------------------------

------------------------

 

Murray A. Indick

By: Murray A. Indick

 

Attorney-in-Fact

Attorney-in-Fact

 

 

 

 

 

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