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


To: Thure Meyer who wrote (8234)1/20/1998 4:59:00 PM
From: FRANK ROSSI  Read Replies (1) | Respond to of 19354
 
TO ALL,

What remarks to expect in the near and long term future. We have already heard that profits must come from sales. 2 years ago Fonar had $500,000 in the bank earning 6% interest so we receive $30,000 this counted because the money was from sales . After settlements the first year Fonar had $10 million in the bank getting 6% interest so we received $600,000 but this does not count since it wasn't from sales. This year we have $80 million in the bank getting 6% interest so we receive $4.8 million in interest .But guess what none of this counts either because it wasn't from sales. We are now purchasing centers. In 5-10 years we will have centers showing $60 million profit and Fonar will win 10 more suits and have $1 billion in the bank bringing in another $60 million interest or $2 a share . But guess what none of this counts either because we didn't make it from sales . DO YOU THINK THE STOCK WILL STILL BE AT $2.75 A SHARE SINCE WE DON'T HAVE ANY SALES ? I wonder what Business 101 says about this one ? HMMMM. Food for thought.

YOUR THOUGHTS
FRANK