Fonar - Where is it going? Message Board

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

FONR 15.23

+0.2%

Oct 31 3:49 PM EST

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From: 1Coffeehound	9/26/2012 2:34:36 AM
	of 19354

Here's a chilling bit of irony. Fonar received a $128.7 million patent infringement settlement from GE in 1997. Current cash is about $11 million. Current assets is about $35 million. If Dr Damadian had done nothing but invest the settlement for a safe, paltry return of 3% a year, current cash/assets would top $200 million. Each share would be worth over $34. The stock closed today at $3.61. The company has rewarded Damadian handsomely in his four decades at the helm. Stockholders? Eh........not so much.

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