UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __ )*
OXBORO MEDICAL INTERNATIONAL, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
691384101
(CUSIP Number)
Gary Copperud
CMM Properties, LLC
c/o Peak to Peak Financial
1730 S. College Avenue, Box 20
Fort Collins, CO 80525
Telephone: (970) 221-1121
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
December 8, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP NO. 691384101 13D
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NAMES OF REPORTING PERSONS
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CMM PROPERTIES, LLC
ATTN: GARY COPPERUD
SSN: (NOT REQUIRED PER "SPECIAL INSTRUCTIONS")
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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SOURCE OF FUNDS
4
00 (CASH RESERVES)
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
5 YES [__]
NO [X]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
COLORADO, U.S.A.
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH:
SOLE VOTING POWER 101,175
7
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SHARED VOTING POWER None
8
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SOLE DISPOSITIVE POWER 101,175
9
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SHARED DISPOSITIVE POWER None
10
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY
11 EACH REPORTING PERSON
101,175
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
12 (11) EXCLUDES CERTAIN SHARES (See instructions)
[X]
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PERCENT OF CLASS REPRESENTED BY AMOUNT
13 IN ROW (11)
ASSUMING 2,662,078 SHARES OUSTANDING
AS OF THE DATE HEREOF, AMOUNT IN
ROW 11 REPRESENTS 3.8%
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TYPE OF REPORTING PERSON (See instructions)
14
OO (Limited liability company)
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CUSIP NUMBER 691384101
Item 1. SECURITY AND ISSUER
(a) Title of Class of Securities: Common Stock
(b) Name of Issuer: Oxboro Medical International, Inc.
(c) Address of Issuer's Principal Executive Offices:
13828 Lincoln Street, N.E.
Ham Lake, MN 55304
Item 2. IDENTITY AND BACKGROUND
(a) Name of Person Filing: CMM Properties, LLC
Attn: Gary Copperud
(b) Business Address:
c/o Peak to Peak Financial
1730 S. College Avenue, Box 20
Fort Collins, CO 80525
(c) Principal Occupation or Employment: Investments
(d) Conviction in a criminal proceeding during the last five years: NO
(e) Subject, during the last five years, to a judgment, decree or final
order enjoining securities laws violations: NO
(f) Citizenship: CMM Properties,LLC, is a Colorado limited liability
company.
Item 3. Source and Amount of Funds or Other Consideration: Cash reserves
Item 4. Purpose of Transaction
(a) The purpose of the acquisition of securities is for investment.
(b) The person filing this statement has no plans or proposals, at this
time, which would result in any of the transactions listed in Item
4(b) through 4(j), except that such person may, if market and
investment conditions appear appropriate and favorable, acquire
additional securities of the Issuer, for investment purposes only.
Item 5. Interest in Securities of the Issuer
(a) Number and Percentage of Class beneficially owned:
101,175 shares may be deemed beneficially owned within the meaning of
Rule 13d-3 of the Securities Exchange Act of 1934 by CMM
Properties, LLC, and this represents 3.8% of the 2,662,078 shares
shown as outstanding in the Issuer's last Exchange Act filing,
its Form 10-QSB, dated August 14, 1997.
In addition, under Section 13d-3(b), under some interpretations,
the reporting person may be viewed as the beneficial owner of 80,000
shares of the Issuer's Common Stock in which Kenneth Brimmer (who
also has reported his beneficial ownership on Schedule 13(d)) has
a beneficial interest. If combined, such 101,175 shares and
80,000 shares, would represent 6.81% of the 2,662,078 shares
assumed to be outstanding. See Item 6 below.
DISCLAIMER: Pursuant to Rule 13d-3, the Reporting Person disclaims any
interest of any kind, whether beneficial or otherwise, in the shares
of the Issuer owned beneficially by the person named above.
(b) For information on voting and dispositive power with respect to the
above listed shares, see Items 5-8 of the Cover Page.
(c) Recent transactions in Common Stock:
No. of Price or Description of
Date or Period Shares Average Price Transaction
-------------------- ------ ------------- -----------------
10/13/97 to 12/16/97 51,122 1 to 1-1/4 open market purchases
11/24/97 50,000 1-1/16 private transaction
11/24/97 1,653 1 private
transaction
(d) Ability to Direct the Receipt of Dividends or the Proceeds of Sale of
Securities:
Not applicable.
(e) Last Date on Which Reporting Person Ceased to be a 5% Holder:
Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
There are no contracts, arrangements, understandings or relationships
(legal or otherwise) among the persons named in Item 2 and between
such persons and any person with respect to any securities of the
Issuer, except that Reporting Person has an informal, unwritten,
non-binding understanding with Kenneth Brimmer, (who is mentioned
in Item 5 above and who also is filing a Schedule 13(d)). Such
understanding, to date, is to the effect that each will try (but not
necessarily beforehand) to keep the other informed of any significant
purchases or sales which such person makes, and that each will share,
with the other, information concerning the Issuer, and requests for
information addressed to the Issuer which might affect the
valuation of their respective investments.
Item 7. Material to be Filed as Exhibits
None
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
DATE: December 16, 1997
CMM PROPERTIES, LLC
By: GARY COPPERUD
Its: Manager
