posted
Disnat, obviously nobody knows for sure, but at .15 it's market cap is around $7 million. This for a company that will be shipping products to 800 Walmarts and CVS Pharmacy's all across the country. I am thinking $50 million market cap is a CONSERVATIVE estimate for this one, which puts the share price near a dollar.
To put the market cap in perspective, USXP when it hit .04 had a market cap of about $250 million, mainly just on hype.
My opinions, but this stock is still VERY VERY cheap.
Biometis Decides Not to Proceed with Proposed Transaction
WEST PALM BEACH, Fla., Mar 24, 2006 (BUSINESS WIRE) -- Medical Makeover Corporation of America (OTCBB: MMAM) announced today that Biometis has decided not to proceed with the proposed transaction as announced on January 24, 2006. Both parties had signed an Agreement in Principle whereby Medical Makeover would acquire Biometis. Although the acquisition would have been an important step in the Company's strategic plan, both parties could not reach final agreement regarding the terms and conditions of the proposed transaction.
About Medical Makeover Corporation of America, MMAM will provide non-invasive appearance improvement and skin rejuvenation procedures, treatments, and products. MMAM will market to people seeking to improve their own or a loved one's appearance; specifically males and females between the ages of 18 and 65 and parents of children with skin problems or minor imperfections. We will offer the latest in non-invasive cosmetic/self improvement technologies and "makeover" treatments in a comfortable, luxurious office environment using a new health care service delivery system that will afford first-rate customer service. Clients will have the ability to schedule appointments outside the traditional eight-to-five schedule while an on-line scheduling system enables them to book their appointments 24/7.
For Investor Relations information, please call: 1-800-288-7499 or e-mail: info*dpmartin.com.
-------------------- "Man who excels at putting worm on hook is Master Baiter" Posts: 678 | From: Boise, Idaho | Registered: Nov 2005
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posted
Don't worry...this was a knee jerk reaction by inexperienced traders.....
so what, the merger didn't go down...it might be a good thing in hind sight...most mergers don't work out anyway
their producut is still in Walmarts and will soon hit the shelves of CVS Pharmacies in April and May...
this stock is a long anyway...
experienced investors bought more between .05-.06 they know it was a knee jerk reaction and will profit from the inexperienced investors
IMO
if you can afford it buy more...double your position and leverage down your cost...when this stock is at .25+ in 1 -3 months you will be twice as happy
posted
Ohio, I was all about this stock, but all the press releases talked about Biometis. That is the company that has the product and deals with Walmart and CVS. As far as I can tell, MMAM doesn't have anything?
Posts: 1053 | Registered: Mar 2006
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posted
It ( the product at Walmart and CVS) is MMAM's product...was to be under boimetis label.....so it appears it will be under medical makeover namebrand
i am looking further into this and should have an answer hopefully by Monday.....i will let you know what i find
Posts: 1551 | Registered: Feb 2006
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posted
I'd appreciate that! I was trying to figure out who owns Biometis, and I think it is ticker symbol SGGC. I sent and email and am going to try to contact them on Monday as well to see if they can help me out any.
Seems like there would have been more info in the PR if what your saying is true, but that's just a hunch.
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