Looks like this one could be ready for a nice little run. Was taken down pretty hard and is looking to be recovering. Nice price here IMO
Posted by joeyisthebest on :
MM2 Group Closes Sale for New Venture in China PR Newswire - April 15, 2008 9:47 AM ET
Related Quotes Symbol Last Chg MMGP Trade 0.00 0.00 Quotes delayed at least 15 minutes
MM2 Group, Inc. (OTC Bulletin Board: MMGP) announced today that its wholly-owned subsidiary, Genotec Nutritionals, Inc., a New York based nutraceutical company which generates its sales from the distribution of its branded products and through custom formulations for several large strategic partners, has closed on a sale for the manufacture of fish oil sofgels. The sofgels will be manufactured in China at the plant of Genotec's joint venture partner.
The customer is one of the largest companies in the nutraceutical industry. While the transaction is initially valued at roughly $170,000, it is anticipated that this order can become a monthly or bi-monthly order, depending upon the customer's satisfaction with the initial shipment.
The current capacity of the state of the art plant is 1.5 billion capsules per year. The plant was designed and built according to the latest cGMP requirements, in full compliance with both U. S. and China standards. The plant is capable of expanding capacity to 5 billion sofgel capsules per year.
George Kontonotas, President of Genotec, stated, "We are very excited about this venture. The plant is a China SFDA certified facility that complies with cGMP manufacturing standards. These high standards, which allow the plant to currently manufacture pharmaceuticals, make this among the highest quality plants which can be found manufacturing products in the nutritional supplement marketplace."
Mark Meller, CEO of MM2 Group, commented, "This is just the first step in our plan. Following the completion of this order, we will have one of the largest and most prestigious companies in the industry as a reference-able customer. As a result, we expect that other, smaller companies will jump in line to take advantage of our cost competitive and high quality products. We hope to be in a position to make several exciting announcements in the near future regarding sales activity from this new venture."
About MM2 Group, Inc.
MM2 Group is involved in the acquisition and build-out of dietary supplement and nutraceutical companies. The company's growth strategy is to acquire firms in this extensive and expanding but highly fragmented segment as it seeks to create substantial value for shareholders. For more information, contact MM2 Group CEO Mark Meller at (732) 290-0019 or by e-mail at meller*mm2group.net or Jerry Mahoney at jerrym*mm2group.net.
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to MM2 Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
I bought in this morning at $.0013 going to see how far we run Posted by SoAngel on :
MMGP is a great flipper. I have played it a bunch of times. If you bought at 0.0013 this morning, *my advice* is take a quick profit and run, that is the best way not to lose your investment.
Just within the last 6 weeks, I bought MMGP at .0025 and sold at .0030, then bought at .0011 and sold at .0016, and then bought at .0008 and sold at .0010.
I will wait for the next dip again, wish I would've had settled funds to catch this run today.
Posted by SoAngel on :
Of course, it looks like it is getting quite a bit of volume today... so maybe a bigger run isn't out of the question here.
Good luck to you!
Posted by T e x on :
prints .0029
Posted by T e x on :
looks like dilution to me
Posted by joeyisthebest on :
I sold at .002 missed the big sale Posted by J_U_ICE on :
TA email update on MMGP
Date: Mon, 14 Apr 2008 05:48:36 PM EDT
Matt:
The share structure for MM2 Group, Inc. is:
Outstanding: 226,216,161 Restricted: 139,242,644 Float: 86,973,517 Authorized: 450,000,000
Posted by joeyisthebest on :
I was a weak hand wanted profits hopefully will get back in under .002 later this week I would like to get in on this comapny long term.
Posted by SoAngel on :
Now she's cookin'.
Posted by joeyisthebest on :
Can I get a undo on my sale?
Posted by HitMe101 on :
One more round of pump left,watch it close!!
Posted by HitMe101 on :
Ride to .0045 for a quick %30 here.Nice call!
Posted by HitMe101 on :
Out at .004 couldn't wait.Still %25
Forgot how it felt to do these pump & dumps LOL Almost a weeks worth of pay in 2hours..
Seems no one is on this board anymore,only gettin a couple hundred hits here.
Posted by HitMe101 on :
There goes the pump! Always when I'm out of it LOL.
Posted by joeyisthebest on :
I was in at 13 out at 2 Posted by JerZeyDeViL on :
Good call last night huh? hehe I getting better with age
Posted by joeyisthebest on :
Great call Jerzeydevil wish I would have held longer but I did sell at the ask bid was 18 and ask was 2 when I sold. No regrets will get in at .0013 or lower again within a few days or a week again if I still am looking at this one. Good luck to all. Posted by IMAKEMONEY on :
HMM
Posted by joeyisthebest on :
quote:Originally posted by IMAKEMONEY: HMM
Whats the HMM for?
Posted by cautionupahead on :
Volume was the same as the float today, so there shouldn't be too many more shares out there. This will blow up tomorrow with any momo.IMO
Posted by JerZeyDeViL on :
quote:Originally posted by cautionupahead: Volume was the same as the float today, so there shouldn't be too many more shares out there. This will blow up tomorrow with any momo.IMO
Agreed and Excited!
Posted by skip on :
pricks didn't fill my order at .0005 last week, despite a big dump there...
turned out huge, nice one...
Posted by JerZeyDeViL on :
Checked with TA a couple hours ago and no change on todays takedown which means alot IMO. I had a feeling todays takedown was based on dilution, but luckily it wasn't. Was probably a mix between MM games and people that got in at the triple zero level taking profit. With all the volume we've seen over the past few days, a new base should be formed and hopefully tommorrow we move back up.
Posted by atleast on :
quote:Originally posted by JerZeyDeViL: Checked with TA a couple hours ago and no change on todays takedown which means alot IMO. I had a feeling todays takedown was based on dilution, but luckily it wasn't. Was probably a mix between MM games and people that got in at the triple zero level taking profit. With all the volume we've seen over the past few days, a new base should be formed and hopefully tommorrow we move back up.
What the exact time, pls? Have you talk to Jocelyn Warczak?
Posted by JerZeyDeViL on :
quote:Originally posted by atleast:
quote:Originally posted by JerZeyDeViL: Checked with TA a couple hours ago and no change on todays takedown which means alot IMO. I had a feeling todays takedown was based on dilution, but luckily it wasn't. Was probably a mix between MM games and people that got in at the triple zero level taking profit. With all the volume we've seen over the past few days, a new base should be formed and hopefully tommorrow we move back up.
What the exact time, pls? Have you talk to Jocelyn Warczak?
Yes it was Jocelyn and It was about 5:40 tonight
Posted by atleast on :
OK... I've been told that system will be updated overnight... hmmmmm
Posted by JerZeyDeViL on :
quote:Originally posted by atleast: OK... I've been told that system will be updated overnight... hmmmmm
Hmm...weird...I asked her for the current structure as of todays close and that's what she gave me. Either way, the numbers were the same as she gave out yesterday so there was no dilution one of these days, hehe
Posted by JerZeyDeViL on :
.0008....should be a no brainer at this price IMO. Easy 2-3 bagger here me thinks!
Posted by JerZeyDeViL on :
Another solid day today....looking ready to run!
Posted by SoAngel on :
I picked up a couple of .0007s...
Posted by SoAngel on :
Out at .0008 That was fun.
Posted by Nile on :
.0007 looks like a great price to get in... all you need is two up ticks and you got more than 20%
I might be placing a buy order... on my watch list!
Jerzey - dont get to ahead of your self. Nothing in the chart says its going to be a two to three bagger so dont hold you breath. Remember, a little at a time is better than no gains at all!
Posted by SoAngel on :
quote:Originally posted by Nile: Remember, a little at a time is better than no gains at all!
You typed that statement EXACTLY as it runs through my head every day.
Posted by tmanfromtexas on :
Figured it was time to resurrect this one. They filed a NT 10-Q Filing:
They did however give some interesting info with the filing.
MM2 GROUP, INC.: NT 10-Q, Sub-Doc 1, Page 1
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? [X] Yes [ ] No
Revenues for the quarter ended March 31, 2008 will equal approximately $685,000 as compared to $247,954 for the same period in fiscal 2007. Net profit for the quarter ended March 31, 2008 will equal approximately $2 million as compared to $254,223 for the same period last fiscal year.
Revenues for the nine months ended March 31, 2008 will equal approximately $1.9 million as compared to $674,230 for the same period last fiscal year. Net profit for the nine months ended March 31, 2008 will equal approximately $1.2 million as compared to a net loss of $1,641,801 for the same period last fiscal year.
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