posted
Anyone know why/when they went from being a medical/physician group to an oil group?
Posts: 362 | From: Buffalo | Registered: Feb 2006
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Related Quotes Sym. Price Chg. CMMI Trade News 0.154 -0.006 CMMI Declines Purchase of Troutman Oil and US Fuel
Dec 7, 2007 17:44:00 (ET)
HOUSTON, Dec 07, 2007 /PRNewswire-FirstCall via COMTEX/ -- Consolidated Medical Management, Inc. (CMMI, Trade ) today announced that the Company will not move forward with the acquisitions of Troutman Oil Company, Inc., and US Fuel International.
"After thorough due-diligence and the evaluation of adding both Troutman Oil and US Fuel to our current operations, the board of directors has decided not to purchase the companies," commented Timothy G. Byrd, Sr., Consolidated Medical Management's chief executive officer. "The Company will only forfeit the $10,000 deposit paid concurrent with the signing of the original purchase agreement.
"I am pleased to report that our team has proven quite effective in analysis and decision making of acquisition targets, and we trust that shareholders recognize the benefits of such careful attention to development of lasting shareholder value, both through this due-diligence exercise and any future analysis of this type.
"We were impressed with Troutman's and US Fuel's organizations; however, the board believed the addition of retail locations with convenience stores would defocus Company resources and slow progress of our business plan to capture the majority of 'downstream' profits from reselling, storing, terminalling, blending, and distributing fuels.
"The Company remains focused on this second phase of our business plan, and currently expects to soon secure a line-of-credit to facilitate movement into what we believe is the most lucrative portion of the supply chain, the wholesaling of fuel the Company currently is storing, blending, and terminalling," Byrd concluded.
About Consolidated Medical Management, Inc.
Consolidated Medical Management, Inc. (CMMI) is a wholesale fuel distributor and fuel terminal operator based in Houston, Texas. CMMI not only offers storage, delivery, and blending of petroleum products such as gasoline and diesel fuel, but also offers biodiesel to the growing "green" fuels market. Biodiesel is a clean burning, nontoxic, sulfur-free, and biodegradable alternative fuel for compression-ignition (diesel) engines made from animal fat or vegetable oil.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Consolidated Medical Management, Inc., urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
SOURCE Consolidated Medical Management, Inc.
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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quote:Originally posted by wdcisco: I sold this a 3 weeks ago...I will buy back at .046
LOL well good luck with that wdisco. You obviously dont know who or what is behind the stock. AHAHAH. you will learn how the OTC works.
(1 thing i dont like in a person is somebody who flips his shares and then tries to bash a stock down so he can get back in lower. Im sorry its rude to say, but i just dont like that in a trader. just my opinion.)
On a side note, you had your chance today to get in low (could of had .11) so that would of worked out well if you woulda flipped em and got in at that price.
All in all, i expect the all time high of .26 to be tested in the next week or two. We will see how things work out.
Posts: 3100 | From: Louisiana | Registered: Apr 2005
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quote:Originally posted by wdcisco: I sold this a 3 weeks ago...I will buy back at .046
LOL well good luck with that wdisco. You obviously dont know who or what is behind the stock. AHAHAH. you will learn how the OTC works.
(1 thing i dont like in a person is somebody who flips his shares and then tries to bash a stock down so he can get back in lower. Im sorry its rude to say, but i just dont like that in a trader. just my opinion.)
On a side note, you had your chance today to get in low (could of had .11) so that would of worked out well if you woulda flipped em and got in at that price.
All in all, i expect the all time high of .26 to be tested in the next week or two. We will see how things work out.
Oh come on MT, I am just kidding around.... Tell me why I should buy in this downtrend MT? Just fell under 50ma support..?? I mean sure fundys are there but the chart is not lookin' good man...GL! I don't mean to bash...just layin' out the truth man...Take care...Hope all is well...!
[edit] also..the only reason I flipped was for liquid...I would have still been in this with the rest of you...if it wasn't for that.. I am just lookin for the right entry (not now) Posts: 1075 | From: weeeeeeee | Registered: Sep 2007
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quote:Originally posted by wdcisco: I sold this a 3 weeks ago...I will buy back at .046
LOL well good luck with that wdisco. You obviously dont know who or what is behind the stock. AHAHAH. you will learn how the OTC works.
(1 thing i dont like in a person is somebody who flips his shares and then tries to bash a stock down so he can get back in lower. Im sorry its rude to say, but i just dont like that in a trader. just my opinion.)
On a side note, you had your chance today to get in low (could of had .11) so that would of worked out well if you woulda flipped em and got in at that price.
All in all, i expect the all time high of .26 to be tested in the next week or two. We will see how things work out.
Oh come on MT, I am just kidding around.... Tell me why I should buy in this downtrend MT? Just fell under 50ma support..?? I mean sure fundys are there but the chart is not lookin' good man...GL! I don't mean to bash...just layin' out the truth man...Take care...Hope all is well...!
[edit] also..the only reason I flipped was for liquid...I would have still been in this with the rest of you...if it wasn't for that.. I am just lookin for the right entry (not now)
LOL well good luck buying in now - i guess either you have to buy in now above your flip point or just forget about the stock. You will learn - you have to buy the weakness and not get greedy.
Hope you join us for the ride up to .26 either this month or in january, but either way, keep your eyes and ears open and keep learning everything you can about this market.
-------------------- Buy the silence-Sell the noise SFTV.004-.0075 AVNT.0018-.0033 FPPL.0034-.03 WEGI. My new Call Posts: 3100 | From: Louisiana | Registered: Apr 2005
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Sure did look good today didnt it? Dont know what was movin it but somebody was buying up the shares on the ask. Could see another acquistion target PR or line of credit PR for the oil.
Either way i wonder if we see .20s tommorrow as this thing is light.
Hope your doin well IMAK
-------------------- Buy the silence-Sell the noise SFTV.004-.0075 AVNT.0018-.0033 FPPL.0034-.03 WEGI. My new Call Posts: 3100 | From: Louisiana | Registered: Apr 2005
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posted
Chart lookin pretty good imo. Be interesting to see what today brings. I was a week off for picking this one in a contest. LOL
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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One interesting note. Bring up a 1 month and 5 day chart. Look at the volume spikes on 13, 30 Nov and yest. See the simularity? Caution or just a failure to launch??? just made me go hmmmmmm....
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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