Diagnostic Assays
FONAR Chairman and President Dr. Raymond Damadian Purchases Company Stock in Open Market
Published in Hospital Law Weekly, May 31st, 2007
FONAR Corporation (NASDAQ-FONR), The Inventor of MR Scanning(TM), announced that its Chairman, President and Founder, Raymond Damadian, M.D., purchased 8,500 shares of FONAR stock in the open market on May 15, 2007. This brings his ownership to 120,302.12 shares of common stock. Dr. Damadian has not sold a share of FONAR stock in more than a decade. The purchase was made pursuant to the Company's corporate governance guidelines for insider stock purchases.
In explaining his purchase, Dr. Damadian said, "It is my view that right now is the most exciting period in FONAR's 28-year history. FONAR Corporation has the 'electric lights' while all other MRI vendors remain with...
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Source: Hospital Law Weekly (2007-05-31)
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