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Microcap & Penny Stocks : FONR...Patent on Cancer Detection....
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To: legaled23 who wrote (210)2/26/1997 8:04:00 PM
From: Dick Jaffe   of 560
 
The preferred stock was issued to holders of common in October, 1995, one share of preferred for every five common held. There will be a dividend of about 5% of the gross litigation recovery on 4 of the 5 patents at issue in the GE case. The jury verdict on the original patent, (832) which Judge Wexler overturned, was reinstated by the Appellate Court. About 5% of the litigation recovery on that patent, and that patent only, will be paid to the common shareholders. I know it sounds confusing, but those are the settlement terms of a Florida class action suit recently agreed to by Fonar.
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