Fonar - Where is it going? Message Board

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

FONR 18.64

0.0%

Jan 16 9:30 AM EST

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To: Patricia L. Clews who wrote (8157)	1/16/1998 2:56:00 PM
From: Acunna_matata	Read Replies (2) of 19354

Patti, I want the thread to remember what Dr. Damadian said himself. Remember, this is not some reporter taking a quote out of context. It is a company press release. [[[[Thursday October 16 9:21 AM EDT Company Press Release FONAR Announces Stock Re-Purchase Plan MELVILLE, N.Y.--(BUSINESS WIRE)--October 16, 1997--FONAR CORP (FONR-NASDAQ) announced today that the Company intends to initiate a re-purchase plan of outstanding FONAR common stock. According to Dr. Raymond V. Damadian, president and founder of FONAR, ''Our first concern is our shareholders - many of them loyal and long-term supporters of the Company. We believe FONAR stock is a good investment, and with the Company now on remarkably sound financial footing, this re-purchase plan will both strengthen the stock and underscore our commitment to shareholder value.'' .......]]]] He claims that his first concern is for the shareholder (loyal and long term supporters). Breaks your heart to see a grown man be so honest and sympathetic. How many people lost money when they invested in this company because of an announced stock by-back? Lies. All lies. AM

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