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: WebDrone who wrote (10589)	7/28/1998 12:36:00 PM
From: James L. Fleckenstein	Read Replies (1) \| Respond to of 19354

Serious Drone Dude-- The Fonar veritcal field system had the best image qulaity at that field in its day--definitely better than the Diasonics 0.35T IMO. Plus, they came up with MAO that everybody copied. Plus Damadian reported on the T2 times of cancer being increased. He did lots of free thinking that was sufficient to make pictures about the smae time Lauterbur did his thing. The STIR images that Fonar could do in the early 80s surpassed GE,Siemens, Picker and Philip-- all the high field guys were late to that party. That's enuff. I am always anxious to see what concoction Dr D has up his sleeve at the RSNA. As for the fat with cash comment, I think others can better review the history of the GE settlement than me. As for 10K or 10Q shenanigans, I have no expertise to comment on that.

To: WebDrone who wrote (10589)	7/29/1998 7:20:00 AM
From: Glenn Olsen	Read Replies (1) \| Respond to of 19354

Just to jump in on the 10Q issue, as of 3/31/98 Fonar had about $54 million in surplus. This on one hand means that of the $2 per share price we've all been enjoying 50% of it is cash on hand. This would also mean that Fonar can continue to burn money for at least 6 more years at the past rate without going belly up. If you take Frank's opinion that Fonar should be viewed as a start up/turn-a-round company the cash position is remarkable and will continue to fund the very good R&D efforts as well as buy more PPM's. The nay-sayers will question how the cash is being translated into profit generating business either MRI or PPM. If nothing else Fonar has been interesting over the 4 years or so that I've been an investor. Dr. D. inspires rather extreme views both as a businessman and scientist so the thread rarely gets boring for long. Glenn