Fonar - Where is it going? Message Board

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

FONR 14.72

-0.3%

Nov 7 9:30 AM EST

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To: Findit who started this subject	6/30/2004 11:55:33 PM
From: William Macko	Read Replies (1) of 19354

Here is another message from Tickerguy: DISCUSSION WITH Fonar 6-30-04 GENERAL INFORMATION ABOUT Q4 --Need 3 ½ shipments per month for profitability --Shipment rate was higher than that in the 4th quarter --Fonar had an excellent quarter --Very, very good quarter for shipping --Definitely believe Fonar was operationally profitable in the 4th quarter --Fonar may have gone profitable in 4th quarter --Fonar has been improving about $1 million per quarter for quite some time --Possible expenses for TW and HMCA could be greater than profits from operations --Just visited with the first auditors --Release in 75 days ---- Sept 15th approx --Expect the quarters ahead to be profitable (note* this is the first time management has made this kind of statement. Also note the use of the plural in “quarters” ) HMCA --Did not have a copy of the HMCA contract to send. (check back later) --Every three months can change the billing percentage --First half of 2004 Fonar and HMCA both slowed advertising --Management believes this is the last year of losses for HMCA --Periodically change the % billing rate for each PC for changes in costs & revenues --HMCA loss (9 months ending 3-31-04)----------$457,000 --HMCA loss (9 months ending 3-31-03)----------$947,000 REVENUE --9 months ending 3-31-04 Total Revenue---------- $50.5 million --9 months ending 3-31-03 Total Revenue---------- $39.0 million SG&A --9 months ending 3-31-04 Total SG&A------------ $18.8 million --9 months ending 3-31-03 Total SG&A------------ $17.2 million S-3 --Filed shelf to raise “Working Capital” only --Shares will not be used for salaries --Shares are not for bonus packages --Circumstances may change, but management does not expect to file additional S-3's in the 12 months ahead. Hope this information is useful for those trying to invest..."Ahead Of The Crowd".....Tickerguy I think he should have signed it the "The Gray Fox". Bill

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