posted
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
Posts: 596 | From: New Jersey | Registered: Apr 2006
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posted
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.
posted
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.
Posts: 681 | Registered: Feb 2008
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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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.
Posts: 795 | From: Brown Deer, WI 53223 | Registered: Feb 2004
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posted
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. Posts: 795 | From: Brown Deer, WI 53223 | Registered: Feb 2004
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posted
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
Posts: 210 | Registered: Aug 2006
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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!
Posts: 596 | From: New Jersey | Registered: Apr 2006
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posted
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.
Posts: 596 | From: New Jersey | Registered: Apr 2006
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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?
Posts: 1580 | From: World | Registered: Jul 2006
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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
Posts: 596 | From: New Jersey | Registered: Apr 2006
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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
Posts: 596 | From: New Jersey | Registered: Apr 2006
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posted
.0008....should be a no brainer at this price IMO. Easy 2-3 bagger here me thinks!
Posts: 596 | From: New Jersey | Registered: Apr 2006
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posted
.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!
Posts: 858 | Registered: Jul 2005
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