Fonar Corp (FONR)

[Telephonics]

What a farce. The common shares of Fonar are disenfranchised. By the I mean that they carry no voting rights. Years ago Damadian sold his then common shareholders on the need for him to have a new class of stock -Class C- which had voting rights as a method to prevent a hostile take over of the company. At that time the company had no products and was opera sting on money's derived from repetitive dilutions. The shareholders voted to authorize Class C and as a result Damadian now holds 99+% of those shares and this in effect gives him total and dictatorial control of the company. With this in mind I really consider his open market purchase of common shares to add to his large total in that category another example of his naiveté and lack of knowledge of how our markets work. I doubt that any real investors will be duped by his futile attempt to share up the share price.