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

To: Dave Kahn who wrote (8468)	2/7/1998 11:05:00 PM
From: Linda Kaplan	Read Replies (1) \| Respond to of 19354

Dave, You have to have owned the stock a while back (1995, I believe) to get the warrants. So if you didn't you can forget them -- except to the degree they might dilute the stock if you're a stockholder. Personally I do not recommend that you buy this stock. I rarely give stock recommendations, anyway. But this is not a stock I am recommending, when I do recommend. It's a speculative stock, in my opinion. The company owns patents for important technology and has the capability of creating even more such things. But they haven't turned their patents into sales yet and the direction of the company is confusing, and potentially dilutive of the company's energy. Are they selling MRI's and such devices, or are they running patient care centers and how are they combining the two and when will they be profitable (from earnings), if ever? They have cash, due to successful suit over patent infringement against GE and have another suit in process against another company, which won't even start in the courts till 1999. We are waiting to see how they will use the cash. They aren't advertising their machines to the medical profession and I consider that to be a negative. I was sucked in on the basis of the GE settlement. The thought was that the stock would fly on that basis. Other times there were things that were supposed to happen that should have moved the stock, but didn't move the stock to stay at a higher price. The stock spiked and fell back. I have a lot of money in the stock and will lighten my position when I can take a reasonable profit. I will hold the rest on speculation that they will become profitable. The company is considered to be undervalued, but Fonar hasn't proven they can make money except through law suits, so far. Linda