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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
Oxboro Medical International, Inc.
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
691384 10 1
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(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
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
Febuary 23, 1998
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(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 13-1(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
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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SCHEDULE 13D
CUSIP NO. 691384 10 1 PAGE 2 OF 5 PAGES
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================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CMM Properties, LLC Attention: Gary Copperud
SSN: (Not required)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00 (CASH RESERVES)
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
COLORADO, U.S.A.
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 200,495
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH None
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
200,495
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,495
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) /X/
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
ASSUMING 2,658,942 SHARES OUTSTANDING AS OF THE DATE HEREOF (AS
PRESENTED IN THE COMPANY'S PROXY STATEMENT DATED FEBUARY 4, 1998) AMOUNT
IN ROW 11 REPRESENTS 7.54%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
00 (LIMITED LIABILITY COMPANY)
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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Cusip No. 691384 10 1 Page 3 of 5
SCHEDULE 13D
Item 1. Security and Issuer.
(a) Title of Class of Securities: Common Stock, $.01 par
value
(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
Attention: Gary Copperud
(b) Business Address:
c/o Peak to Peak Financial
1730 South 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 is to promote a change
in the composition of the present Board of Directors
and management of Issuer.
(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), 4(c), 4(e),
4(f), 4(h), 4(i), or 4(j), except that such person
may promote a change in the Issuer's Articles and/or
Bylaws for the purposes of promoting a change in the
composition of the present Board of Directors and
management of the Issuer.
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Cusip No. 691384 10 1 Page 4 of 5
Item 5. Interest in Securities of the Issuer.
(a) Number and Percentage of Class beneficially owned:
200,495 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 7.54% of the 2,658,942 shares shown as
outstanding in the Issuer's last Exchange Act filing,
its Proxy Statement, dated February 4, 1998.
In addition, under Section 13d-3(b), under some
interpretations, the reporting person may be viewed
as the beneficial owner of 150,000 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 150,000 shares and 200,495 shares,
would represent 13.18% of the 2,658,942 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 entity 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:
<TABLE>
<CAPTION>
Nature of
Date of Period No. of Shares Price or Range of Prices Transaction
-------------- ------------- ----------------------- ----------------
<S> <C> <C> <C>
2/2/98 3,000 $1.25 Open Market
$1.3125 Purchase
2/10/98 2,920 $1.28125 Open Market
Purchase
2/17/98 1,000 $1.875 Open Market
8,000 $2.00 Purchase
2/23/98 12,000 $2.00 Open Market
Purchase
2/24/98 3,000 $1.9375 Open Market
6,000 $2.00 Purchase
</TABLE>
(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.
<PAGE> 5
Cusip No. 691384 10 1 Page 5 of 5
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
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, and complete
and correct.
DATE: February 25, 1998
CMM PROPERTIES, LLC
/s/ Gary Copperud
--------------------------------
By: Gary Copperud
Its: Manager
