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Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5
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To: Crony who wrote (103506)4/6/2011 1:16:52 PM
From: 1Coffeehound  Read Replies (1) of 120404
 
FONR - I'm going on memory so this may not be exactly right, but it's close. I think the settlement was in 2001 for $107 million. Dr Damadian could have invested the settlement and easily achieved 7% interest per annum. That would mean a cash position of around $210 million today, quite a bit better than the decline in assets Fonar has experienced under Damadian's "leadership" since then. My point is that Fonar has a dismal record of delivering for shareholders in its three decades as a public company. There is always the chance that speculative trades will be profitable. I see no reason, based on its long history, to believe in the company as a solid investment. I do wish you the best of luck.
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