FONR...Patent on Cancer Detection.... Message Board

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Microcap & Penny Stocks : FONR...Patent on Cancer Detection....

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To: Kurt M. Matis who wrote (1)	6/17/1996 11:25:00 PM
From: Hunter Vann	of 560

Kurt: Fonar Corporation received FDA approval for its MRI Scanner, the Quad 12000 on November 16th, 1995. The Quad 12000 is the only high-field open MRI available on the market. The company expects its new product to have enormous appeal in the medical community. I did a little digging and found out some information. Most of Fonar's revenue has been generated by patent infringements. Hitachi settled with Fonar for an undisclosed sum of money. In May of '95, a jury found GE liable for patent infringement and was ordered to pay Fonar 100 million. GE appealed and the judge upheld one of the two Fonar patents. GE was ordered to pay in excess of $62 million. Fonar settled another patent infringement case with Philips Medical Systems. 3 months ended March 31st, 1996, Fonar reported a profit of .04/share compared to a loss of .02/share for '95. The average volume over the last 15 days has been b/t 150,000- 200,000. Volume spiked up dramatically today with almost 1/2 million shares traded. Fonar jumped up to $3 dollars a share right b/f the bell and then closed at 2 7/8. I'm extremely excited about this one for numerous reasons. Fonar is starting to see a profit, one thing it hasn't done since '94. The patent on their MRI machine is HUGE for the company. As you can tell, numerous corporations throughout the country have tried to develop a machine like Fonars. That is why the patent information is such a big deal. Protects them from the copy cats! Fonar has a wonderful home page at.....www.fonar.com/index.html.....Another reason I feel this is a HUGE development is the costs associated with the machine. It was stated in the press release that a typical mammogram would cost anywhere from $80-$115. A typical X-Ray mammogram today costs anywhere b/t $700-$1200. That is an enormous reduction in per patient cost. I assume the insurance agencies will absolutely LOVE this aspect of the machine. As we all know, rising health care costs is a major issue in the political forum. I see Fonar(FONR) making a big run this week on this positive news release. It looks like $4 is the breakout price, so if it climbs above that, I believe we'll all be in for a nice little ride........

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