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Microcap & Penny Stocks : Fonar - Where is it going? -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (19041)	1/8/2004 1:50:12 PM
From: Joe Lyddon	Read Replies (1) \| Respond to of 19354

Hey, they sold #25!! Thought I'd beat Frank to the punch this time! :) How many employees did it take to make the Sale and Administer it? Oh well... the more we sell, the more we can spend... right?! RIGHT! Joe

To: JakeStraw who wrote (19041)	1/10/2004 4:41:49 PM
From: telephonics	Read Replies (1) \| Respond to of 19354

Yes that is well known. But what perhaps is less obviou is that Damadian's ownership of 99+% of the Class C shares gives him total control of the company. Common shareholder votes and any action by his captive board that he does not accept are subject to his dictatorial whim. He can authorize as many shares as he wishes and he may sell tham at whatever price he desires and the funds so raised go into his private bank which you and I call Fonar. Wall Street is very aware and unless Fonar starts to comply with the governance that the SEC is demanding there will be no support for this company from that area. Even the larger funds will stay away under the present arrangements. Damadian's protestations to the common shareholder that he is going to increase their investment values is a joke. Why should he???

To: JakeStraw who wrote (19041)	1/16/2004 8:04:30 AM
From: telephonics	Read Replies (2) \| Respond to of 19354

Jake your post spurs me to ask the following question. Should an acquisition of Fonar take place why woould the purchaser want to buy the common shares you and I hold? If he acquired the 99+% of the Class C shares from Damadian he could very easily drop purchase of the ordinary common shares from his contract. Should this happen the common shareholder,I presume,would be left with only a stock certificate suitable for framing.