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What is the stock symbol of FONAR Corporation Common Stock?
What exchange is it traded on?
What is the new CUSIP number for FONR Common Stock after the reverse split?
What is the old CUSIP number for FONR Common Stock before the reverse split?
What is the new CUSIP number for FONR Class A Non-voting Preferred Stock after the reverse split?
What is the old CUSIP number for FONR Class A Non-voting Preferred Stock before the reverse split?
Can one buy or sell stock directly through the Company?
Who is FONAR´s transfer agent and handles issues regarding stock certificates?
How may I contact ComputerShare Investor Services?
Does the Non-voting Class A Preferred Stock have any value?
Can the Non-voting Class A Preferred stock be sold or bought?
What was the record date for the issuance of the Class A Non-voting Preferred Stock?
Why were the dividend payments made?
What are the details regarding the 1998 stock dividend?
What are the details regarding the 1998 and 1999 cash dividends?
What are the details regarding the 1 for 25 reverse stock split?
Q: What is the stock symbol of FONAR Corporation Common
Stock?
A: FONR
Q: What exchange is it traded on?
A: NASDAQ Capital Market
Q: What is the new CUSIP number for FONR Common Stock
after the reverse split?
A: 344437 405
Q: What is the old CUSIP number for FONR Common Stock
before the reverse split?
A: 344437 108
Q: What is the new CUSIP number for FONR Class A Non-voting
Preferred Stock after the reverse split?
A: 344437 504
Q: What is the old CUSIP number for FONR Class A Non-voting
Preferred Stock before the reverse split?
A: 344437 306
Q: Can one buy or sell stock directly through the Company?
A: No. Shares of FONAR can be bought and sold through a registered securities
broker/dealer.
Q: Who is FONAR´s transfer agent and handles issues
regarding stock certificates?
A: FONAR uses Computershare to handle stock certificates and issues relating
to the certificates in order to give you the best service. Therefore,
for issues regarding certificates, please deal with them directly. If
you have a change in your name or address, have lost your certificates,
have an issue regarding an estate, or another problem with your stock
certificate, please contact Computershare. Many issues may be handled
from the Website, via U.S. mail, or e-mail. For instance, to change an
address, please send them the name, new and old address, and social security
number. Computershare will communicate to you if any additional information
is required or a fee is required.
Q: How may I contact ComputerShare Investor Services?
A: Website: www.computershare.com
Telephone: 800-962-4284
Mailing Addresses:
For regular delivery:
Computershare, Inc.
P.O. Box 505005
Louisville, KY 40233-5000
For overnight delivery:
Computershare, Inc.
462 South 4th Street, Suite 1600
Louisville, KY 40202
Q: Does the Non-voting Class A Preferred Stock have any
value?
A: The terms of the Preferred Stock are similar to those of Common Stock,
except that the Preferred has different dividend rights and no voting
rights. FONAR's Class A Non-Voting Preferred Stock has received four dividends
of $0.62 per share. Although there is no public market for Class A Non-Voting
Preferred Stock, at some point in the future it is possible that it will
become publicly traded.
Q: Can the Non-voting Class A Preferred stock be sold
or bought?
A: Yes, but only if done so privately. The Class A Non-Voting Preferred
Stock is not qualified or registered for trading on the NASDAQ system
or any exchange at this time and there is no known market. The financial
markets do not post a price.
Q: What was the record date for the issuance of the Class
A Non-voting Preferred Stock?
A: The Company issued Class A Non-Voting Preferred Stock to owners of
record of the Common Stock as of October 20, 1995. The amount given was
at a ratio of one share of Preferred Stock for every 5 shares of Common
Stock.
Q: Why were the dividend payments made?
A: The dividend payments were the result of FONAR's successful enforcement
of the Company's patents.
Q: What are the details regarding the 1998 stock dividend?
A:
| Record Date | Payment Date | Common Stock Dividend |
| Oct. 20, 1995 | April 13, 1998 | 5.7 (rounded) new shares for each 100 shares |
Q: What are the details regarding the 1998 and 1999 cash
dividends?
A:
| Record Date | Payment Date | Common | Class A Preferred | Tax Status |
| May 15, 1998 | May 26, 1998 | $0.022832 | $0.312568 | ordinary dividends |
| Sep. 17, 1998 | Sep. 25, 1998 | $0.007602 | $0.104189 | nontaxable distributions |
| Dec. 16, 1998 | Dec. 28, 1998 | $0.007594 | $0.104189 | nontaxable distributions |
| Mar. 16, 1999 | Mar. 28, 1999 | $0.007594 | $0.104189 | nontaxable distributions |
Q: What are the details regarding the 1 for 25 reverse
stock split?
A: FONAR effected a reverse stock split at a ratio of 1:25 (one new share
for every 25 shares) of its outstanding Common Stock and all other classes
of its outstanding stock, effective as of April 17, 2007. The reason the
Company implemented the reverse stock split was to retain its listing
on NASDAQ. At a hearing held before the NASDAQ Listing Qualifications
Panel (“Panel”) on February 15, 2007, FONAR´s request
for continued listing on The NASDAQ Stock Market was granted, subject
to the condition that on or before May 1, 2007, the Company must have
evidenced a closing bid price of $1.00 or more for a minimum of ten consecutive
trading days. The Panel´s decision was based on its determination
that the reverse stock split to be presented at the Annual Meeting on
April 16, 2007, when implemented, would be likely to cure the bid price
deficiency and allow the Company to maintain compliance for the longer
term. Following the reverse stock split, the NASDAQ Listing Qualifications
Panel found the Company to be in full compliance with its listing requirements,
including its share price, and the post-split price performance of FONAR
shares.