Fonar Corp. (FONR)
Expected to Announce, VERY, VERY Shortly, an agreement with an Investment Banker..
Fonar is the worlds first patent holder of the MRI. Dr. Raymond Demadian, Inventor of the MRI, is
also President and owner of Fonar Corp. currently listed on the Nasdaq Small Cap and priced at
$1.38, very near the stocks 52 week low.
Fonar has protected their superior MRI technology by having to sue several companies, such as.
Hiticha, General Electric, Seimens, Philips, Toshiba and others..All these, with exception of GE,
settled with Fonar. General Electric fought this suit all the way through the Supreme Court and GE
lost. In the fall of 1997 GE paid Fonar $128.7 million.
Fonar has now begun to move forward with many different plans. One of these is this Investment
Banker.
Announcement of the Selection of this Investment Banker and presenting a corporate strategy is
expected VERY soon, likely THIS week.. The move is expected to assist FONAR in making the
investment community aware of the the new MRI technologies
amassed by FONAR from its heavy recent investment in R&D that are expected to ENHANCE
shareholder value.
The CHEAP Investor, (a well known and respected News Letter, published by Bill Mathews
(847-697-5666), stated in this weekend Hot Line. It is understood that "this Investment Banker is
owned by a LARGE NYSE Listed Bank. It is a complete and very complex deal, covering the
FULL Range of Investment Banking activities, Such as.
Introduction to:
The Wall Street community.
Institutions
Research reports
Searching For acquisitions
Possible Joint Ventures
Obtaining Financial Credit agreements to be used in financing the MRI business.
The MAIN Goal of BOTH the Banker and the Company, is to get the stock price up to the $5
level
to be listed on the National Nasdaq Market system as soon as possible."
The CHEAP Investor also stated that "we believe that the Investment banker will have a positive
long term effect on the stock price. we are encouraged and hope to see a release this week on this.
We should also have complete details in the April issue of The CHEAP Investor."
Interested Investors may access Fonar's web site at
fonar.com
When doing so, it is my suggestion that one read ALL the past announcements, as well as reading
about the Products Fonar. Otherwise, in my opinion, the investor will fail to grasp the magnitude of
the potential Fonar Corp Possesses..
Be sure to read statements by Timothy Damadian, President of Fonar's HMCA (Physician Practice
Management Division) about The opportunities open to HMCA which continue to be
very promising. The latest financial report showed that revenues grew 58% higher than that of a year
earlier.
See biz.yahoo.com
These are My Perceptions, I am not a financial advisor. Investors must do their own due diligence.
Regards,
Malcolm
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