Fonar hangs in limbo

October 9, 2009

Fonar executives hope to hear soon whether their financial filing earlier this week will bring them into NASDAQ compliance.

Fonar hangs in limbo
Fonar executives hope to hear soon whether their filing earlier this of its Form 10-K for the fiscal year ended June 30, 2009, will bring the company into compliance with NASDAQ’s continued listing requirements. The maverick manufacturer and vendor of MR scanners expects a decision from the stock exchange shortly, according to the company.