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Microcap & Penny Stocks : Fonar - Where is it going?
FONR 14.83-0.3%11:18 AM EST
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To: FRANK ROSSI who wrote (18794)10/1/2003 1:56:04 PM
From: JakeStraw  Read Replies (1) of 19354
 
FONR still using monopoly money and diluting existing shareholders -

"During the year ended June 30, 2003, we issued 5,433,077 shares of our common stock primarily in connection with the payment of vendors and suppliers of goods and services to the Company. The greater number of these shares were used in lieu of cash to pay the costs of manufacturing the Company's MRI scanners. In addition, we issued 15,000 shares of our common stock in connection with a repayment of a note payable in the aggregate amount of $21,750."

biz.yahoo.com
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