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Microcap & Penny Stocks : FONR...Patent on Cancer Detection....

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To: Keith M. Santos who wrote (222)2/27/1997 2:19:00 PM
From: Jeff Davis   of 560
 
To all on FONR,

Check this out:

Before GE news
Price/share = $2.5
Book value/share = $0.94 ($57.441M / 61.404M shr)
Price to book ratio = 2.67 (typical)

After GE(with infusion of $103M)
Book value/share = $2.61 ($160.441M / 61.404M shr
using current ratio = 2.67
Price/share = $6.98

Please correct my numbers if you see error. This stock is trading at
book value if GE cash is considered. Does anyone know when GE must
pay, or if appeal is possible?

Jeff
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