Fonar - Where is it going? Message Board

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

FONR 18.60

+26.8%

Dec 30 3:59 PM EST

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To: WebDrone who wrote (10589)	7/29/1998 7:20:00 AM
From: Glenn Olsen	Read Replies (1) of 19354

Just to jump in on the 10Q issue, as of 3/31/98 Fonar had about $54 million in surplus. This on one hand means that of the $2 per share price we've all been enjoying 50% of it is cash on hand. This would also mean that Fonar can continue to burn money for at least 6 more years at the past rate without going belly up. If you take Frank's opinion that Fonar should be viewed as a start up/turn-a-round company the cash position is remarkable and will continue to fund the very good R&D efforts as well as buy more PPM's. The nay-sayers will question how the cash is being translated into profit generating business either MRI or PPM. If nothing else Fonar has been interesting over the 4 years or so that I've been an investor. Dr. D. inspires rather extreme views both as a businessman and scientist so the thread rarely gets boring for long. Glenn

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