Fonar Corp (FONR)

[Telephonics]

Fonar Ownership
As of 1 Sept 2005


Class A Common Stock 4,544
Class B Shareholders 10
Class C Shareholders 4 ( Only Class franchised to vote) 4
Class A non-voting preferred shares 3,938



Damadian's Holdings

common stock 2,795,453 D
common stock 13390 I see note 1 (1)
class a preferred stock 474773 D
class a preferred stock 2555 I see note
2 (2)
class c common stock 9561174 D

NOTE THE CLASS C SHARES These are the voting shares which enable
his dictatorial control of the company.


The technology i outstanding. The business management as exemplified by Damadian's dictatorial control is abysmal. Conssider investment carefully.