Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Fonar - Where is it going? -- Ignore unavailable to you. Want to Upgrade?

To: swoboda4 who wrote (17764)	1/15/2002 12:55:19 AM
From: swoboda4	Read Replies (1) \| Respond to of 19354

Explanation by Grey Pego posted on AOL thread: Date: 1/14/02 8:47 PM Pacific Standard Time From: Grey Pego Message-id: <20020114234746.10543.00001393@mb-mg.aol.com> Alue, While the bashers scream misery overload and would have us slit our wrists, the S3 dilution is dependent on the share price and may well be limited to under 2 million by the end of 2002. In summary, Fonar and Drs. Glenn Muraca and Giovanni Marciano cut a deal whereby Fonar would settle a $3.6 million note, owed by Fonar for the HMCA purchase of A&A Services, with common stock. While 5 million shares have been earmarked in an escrow account for this payment, the total number shares paid out will depend on Fonar share price and volume selling limitations. The two Doctors have the right to sell shares at any time as long as the daily volume doesn't exceed 20, 000 sh and the monthly volume doesn't exceed 66,666 sh per individual. I believe Fonar can agree to increase these limits at any time. After the $3.6 million debt has been satisfied, all remaining shares held in escrow will be returned back to Fonar. The number of shares paid out is inversely proportional to the share price in the coming calander year. If the current levels stay stagnant or drop further, then we may see the whole 5 million shares as dilution but I strongly believe Fonar is betting on much higher prices by year's end. JMO

To: swoboda4 who wrote (17764)	1/15/2002 1:15:30 AM
From: Joe Lyddon	Read Replies (1) \| Respond to of 19354

I do not wish losses to any of you. . . but, if you continue to bury your heads in the sand and it happens, all I can say is too bad for you. . . For David, I would truly be HAPPY because he deserves it SO WELL! I wish you luck! BTW. . . I don't nag my wife and she doesn't nag me. . . we get along pretty well! I'll bet David has a real problem in that area; however. I'm getting tired of this endless nonsense. . . BUT, anyone visiting this thread would get the following advice from me: DO NOT BUY THIS SAD STOCK. . . it's on the way down the tubes. . . or very close to it! I own the stock and will be out of it when I hopefully see a little peak. . . and probably lose a few pennies. . . not a huge sum. . . it will not impact my standard of living at all. . . just a little dent in my pride thinking it was something that turned out to be NOT quite what I was thinking it would be.