Fonar - Where is it going? Message Board

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

FONR 14.86

-1.2%

Nov 4 3:51 PM EST

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To: BlueCheap who wrote (10669)	8/4/1998 9:13:00 PM
From: luis a. garcia	Read Replies (1) of 19354

be careful of the float...very large float 40+ million shares... and the lord knows how many other preferred's warrants,options and additionally authorized shares are in this trade with you. I think with the chart making new low's and all that overhead supply piled up it will not be easy to rocket this stock out of this mud. I do understand the cash and new settlements i.e. more cash and new machines etc may just do it for you and that is why I am charting the stock. A large buy back of five or ten million shares would do wonders for this stock. If it could be structured such that it happens without pushing the share price up(till afterwards)and the shares could be bought at these levels.... Wonder how? if possible? Certainly earnings would look better on a smaller float and the rest of it would give this stock a very nice ride. But which is the most likely scenario in December??? regards luis

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