Fonar - Where is it going? Message Board

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Microcap & Penny Stocks : Fonar - Where is it going?

FONR 14.97

+1.7%

Nov 10 3:59 PM EST

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To: Findit who started this subject	2/23/2004 4:51:14 PM
From: telephonics	Read Replies (1) of 19354

From a newspaper article commenting on the start of the Adelphia trial today. Corporate governance expert Charles M. Elson said there is a relatively simple explanation for the family's downfall, and the collapse of Adelphia into Chapter 11 bankruptcy protection from which it is still trying to emerge. Although the company went public in 1986, the Rigas family never developed a sense of accountability to its new bosses -- the shareholders. "The problem is, when a family business takes on public capital, does the family continue to treat it as if it were still in their exclusive control," said Elson, a professor at the University of Delaware. "When you go public, the whole rules of the game shift dramatically. When you take a dollar out of the company, it's not your dollar."

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