Medical Industries Of America, MIOA Message Board

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Biotech / Medical : Medical Industries Of America, MIOA

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To: arnold silver who wrote (170)	5/27/1997 7:54:00 PM
From: Jones	of 570

Arnold, much of what you have posted can be viewed in both aspects. I do not work for MIOA, so I cannot give you completly accurate facts. However, I do have regular contact with MIOA's PR firm and have discussed with them the 10 qsb quite thoroughly. Cutting employee salaries is a common practice for companies that lose $2.08 per share in 1 quarter. Apparantly MIOA sold some equipment and closed many of its existing medical centers. This was done to rid of MIOA's unprofitable parts of its company. The acquisition of Florida Physicians Internet was paid for with loads of stock. FPII should prove to be a profitably practice with net income estimates well over 1 million for fiscal 97. I think Paul Pershes salary contract is rediculous. MIOA's biggest weakness is handing out shares at will. Diluting shares is a horror for all investors. Mioa seems to be growing at a torrid pace to account for all these shares. Fonar is associated with Damadian MRI. This company along with MIOA have jointly ventured of the building of 2 new medical centers in the state of Florida. I do not recommend the purchase of any penny stock. If anyone here has anymore insight please share.

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