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: Doug R who wrote (170)2/15/1997 11:45:00 PM
From: Dick Jaffe   of 560
 
I believe that Horace Rubenstein who brought this class action suit against Fonar was bent out of shape by Dr. Damadian's "poison pill" provision which he pushed through to protect his control of the company during the pendency of the GE, et al, litigation. In settling this suit now by enhancing the dividend and granting the warrants, Fonar is protecting the company by precluding any further class action shenanigans. A five year warrant on the stock of a company in Fonar's present position could be an extremely valuable item in a few years.

I've been holding Fonar since 1991 at an average price of $1.27 and I
can live with a depressed price for a few more months to get those warrants with a low strike.
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