SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : FONR...Patent on Cancer Detection....
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wayne Allen who wrote (46)10/2/1996 7:25:00 PM
From: Glenn Olsen   of 560
 
Wayne

GE has over 1 billion shares outstanding. The Fonar award would be closer to 4.6% of earnings versus sales unless they are referencing a particular division. Unless they accrued $100 million under a footnote, it might be hard to find it in a company that is closer to a mutual fund than a normal company. If it isn't the GE settlement then I would look at the others but this much movement suggests a big player. I do agree with the poster that Fonar is not a $2.50 company without the GE settlement. Without settlements it has not produced a profit in about 10 years. Sales of $20 million for fiscal 96 ? Market cap today of $170 million. Find a company trading at 8 times sales in a competitive market. If people are buying purely on speculation, I hope they are using Vegas money. I tend to believe some news is the cause.

Glenn
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News