Fonar board authorizes 1-to-25 revers...

Fonar board authorizes 1-to-25 reverse stock split

There are 2 comments on the Newsday story from Apr 17, 2007, titled Fonar board authorizes 1-to-25 reverse stock split. In it, Newsday reports that:

Fonar Corp., a maker of body-scanning equipment for the medical industry, said Tuesday its board of directors has authorized a 1-for-25 reverse stock split, effectively immediately.

Join the discussion below, or Read more at Newsday.

Frank

Taiwan

#1 Apr 17, 2007
Their share price is low mainly due to nepotism and poor management. Until those issues change, this company will remain a poor investment.
Dan

Milford, CT

#2 Apr 17, 2007
The share price will not move with that much stock outstanding. This is a good first step. A government can not just print money and have it maintain its value. The same goes for a company that prints stock with executive stock and options plans. That is why this company has traded for change.

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