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Microcap & Penny Stocks : FONR...Patent on Cancer Detection....

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To: Amadeo Zevi who wrote (123)10/12/1996 12:34:00 AM
From: Rob Wachowsky   of 560
 
Amadeo, compared to some of the others on this thread I feel fortunate that I've only been in Fonar for a little over 1 year (17K shares). One of the hallmarks of good investing is patience. How much? You shouldn't buy into a small cap company in the first place unless you believe it has very good potential for growth and that means being patient enough to allow your investment to grow along with the company.

Short plays can be made on this company and I've thought about it myself. It is one of the easier stocks to predict BUT you're talking about a lot of risk. I prefer to assess a company's growth potential and wait for it to come to fruition (although I think 9 years may be a bit too long). Sometimes it takes a while for others to realize what you already have, that Fonar has tremendous potential for growth.

The Florida Quad is up and running and Fonar is to send out a news release soon. They are on a big advertising blitz right now in the diagnostic magazines. New patents to be used in conjunction with the Quads put them on the cutting edge. I have to believe that a 4-bed Quad, creating tremendous throughput for open bed breast examinations at a low price has got to create excitement in the medical field. Of course, we are all just speculating here. But that is the fun, eh?

I am skeptical of Fonar management and manufacturing capabilities like some of the others on this thread and will give serious consideration to taking profit and moving on to another investment after settlement UNLESS Quad sales show significant progress. If they can show that they are capable of getting their act together and really creating a quality product, we may be looking at tremendous growth AND all that patience will have paid off BIG TIME! Now THAT would be worth waiting for.
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