CONSOLIDATED MEDICAL MANAGEMENT INC files 0930 qtr 10-Q.
Excerpted from 10QSB filed on 11/22 by CONSOLIDATED MEDICAL MANAGEMENT INC:
RESULTS OF OPERATIONS
For the Nine Month Period Ended September 30, 1999
For the nine months ended September 30, 1999, the Company recognized net loss of ($645,524), (with loss per share of ($0.0963) per common share). During this period, the Company, since the acquisition of Consolidated Medical Management, Inc. (the private Louisiana company) by the public Company (formerly Golden Maple Mining and Leaching, Inc.), has aggressively pursued acquisitions of related medical service providers and other entities that, once acquired, it is believed, will add to its ability to provide medical services. The following principal factors contribute to these results. For the period ended September 30, 1999, the Company recognized the operations of its wholly-owned Louisiana subsidiaries, Independent Diagnostic Services, Inc., Psychiatric Management Services, Inc. (PMSI) and its Nevada subsidiaries Nevada Resort Medical Services, Ltd. (NRMS) and Practice Management Services of Nevada, Inc. (PMSN) with consolidated operating revenue of $1,104,211 for the nine months compared to $457,368 for the three-month period ended September 30, 1999. (End of item excerpt.)
Item 2. Changes in Securities and Use of Proceeds
Since the end of the fiscal year ended December 31, 1998, and through the end of the quarter ended September 30, 1999, the Company has sold the following shares of common stock of the Company without registration under the Securities Act of 1933:
a. On January 14, 1999 the Company issued 159,995 shares of common stock to Underwriters Trust, controlled by Charles Coburn, Trustee, a consultant of the Company. The shares were issued for consulting services under the Company's Non-Qualified Stock Option Plan dated October 7, 1998.
(End of item excerpt.)
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CONSOLIDATED MEDICAL MGMT INC - CMMI
Price 0.218
Net Change -0.032
Volume (000) 78
Day High 0.281
Day Low 0.218
as of
11/23/99 02:43 AM EST
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