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Mercer International Inc. (MERC) Message Board

  • jyardaag jyardaag Mar 28, 2011 11:44 AM Flag

    why I just traded some

     

    First, I don't believe the management of this co knows how to handle success.

    second, the VP's and COO traded 1/2 their shares away in the 13's and 14's.

    Thirdly, the SEC today charges them with being late on filing some papers for converting $ 300,000 offering for debt or something like that.

    Put it all together and this makes the 13's and 14's a very difficult level to overcome anytime soon.

    I am now trading some MERC and taking some gain before this heads back to 10 or 11 because the management of MERC failed to stand up and represent and chose other approaches counter to new investors interests. My new sentiment is not an option but I now clasify this issue as a trader issue but not a long term hold at these levels.

    One stock stands above all the rest for me.

    ONTY, a LIFE stock.

    Thank you.

    This topic is deleted.
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    • peter_norths_proctologist peter_norths_proctologist Mar 31, 2011 4:08 PM Flag

      Corect. On 3/28 they offered to exchange Registered Notes for the Private Notes. That was the "big" news.

      NEW YORK, March 28, 2011 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq:MERC - News) (TSX:MRI-U - News) (the "Company") today announced that it has commenced a registered exchange offer to exchange up to $300 million aggregate principal amount of its 9.5% Senior Notes due 2017 which have been registered under the Securities Act of 1933, as amended (the "Registered Notes"), for any and all of its outstanding 9.5% Senior Notes due 2017 which were issued in a private placement (the "Private Notes"). THE SOLE PURPOSE FOR THE EXCHANGE OFFER IS TO FULFILL THE OBLIGATIONS OF THE COMPANY WITH RESPECT TO THE REGISTRATION OF THE PRIVATE NOTES.

    • To be clear, the new exchange notes DO NOT HAVE A HIGHER INTEREST RATE THAN THE NOTES THEY ARE BEING EXCHANGED FOR. Both carry a rate of 9.5%.
      The notes that were issued in Nov 2010 that replaced 2005 notes were 0.25% higher.

    • Can you explain your thoughts on ONTY and why anyone should hold it?
      Just curious...

    • Bout time you wake up. Red flags everywhere

      • 1 Reply to greennutsack
      • 2 yrs ago this was a $1 stock. It goes up to $14 and you don't think any insiders will sell? They are insiders not investors. When the stock was $1.70 in March 2009, CEO Jimmy Lee scooped up hundreds of thousands of shares. It wasn't the first time he dug deep into his own pockets to buy more Mercer shares. Perhaps i would classify him as an insider AND an investor. I wouldn't blame him for selling any as he has accumulated about 2.5M shares. When he sells more than 50% of his holdings, I would consider that a negative. Until then, focus on Mercers financials, NBSK mkt, China, other investors and the CEO, not an insider that wants to pay off a large mortgage, buy a cottage or pay off his ex-wife.

    • peter_norths_proctologist peter_norths_proctologist Mar 28, 2011 12:34 PM Flag

      "...Thirdly, the SEC today charges them with being late on filing some papers for converting $ 300,000 offering for debt or something like that."

      Try nothing like that.

      The S-4 registration became effectiove today, and here is the final prospectus dated 3/28/11:
      http://www.sec.gov/Archives/edgar/data/1333274/000095012311029537/o68751b3e424b3.htm

      TD Ameritrade lists MERC S-4 registration effectiveness at bottom

      REGISTRATIONS EFFECTIVE AS OF March 25, 2011

      STOCK:

      EMPIRE RESORTS INC (NYNY)
      File Number: 333-171471
      Date of Original Registration: 12/29/10
      Form Type: S-1
      Securities Registered: UP TO 39,606,201 SHARES OF COMMON STOCK
      Selling Holder: No

      FIRST AMERICAN GROUP INC.
      File Number: 333-171091
      Date of Original Registration: 12/10/10
      Form Type: S-1
      Securities Registered: 628,000 SHARES OF COMMON STOCK
      Selling Holder: No

      Movie Trailer Galaxy, Inc.
      File Number: 333-169970
      Date of Original Registration: 10/15/10
      Form Type: S-1
      Securities Registered: 843,800 SHARES OF COMMON STOCK
      Selling Holder: Yes

      QKL Stores Inc. (QKLS)
      File Number: 333-167087
      Date of Original Registration: 5/26/10
      Form Type: S-1
      Securities Registered: 20,302,696 Shares of Common Stock
      Selling Holder: Yes

      REEDS INC (REED)
      File Number: 333-172614
      Date of Original Registration: 3/4/11
      Form Type: S-3
      Securities Registered: 426,832 Shares of Common Stock
      Selling Holder: Yes

      VIEW SYSTEMS INC (VSYM)
      File Number: 333-169804
      Date of Original Registration: 10/7/10
      Form Type: S-1
      Securities Registered: A Total of 51,500,000, Shares of Common Stock Offered
      for Sale
      Selling Holder: Yes

      Water Resources Group (WTRSY)
      File Number: 333-172830
      Date of Original Registration: 3/15/11
      Form Type: F-6
      Securities Registered: 50,000,000 American Depositary Shares
      Selling Holder: No


      S-4s and F-4s:

      MERCER INTERNATIONAL INC. (MERC)
      File Number: 333-172391
      Date of Original Registration: 2/22/11
      Form Type: S-4
      Securities Registered: $300,000,000 principal amount of its 9.5% Senior
      Notes due 2017
      Selling Holder: No

 
MERC
12.82+0.430(+3.47%)Dec 19 4:00 PMEST

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