Schedule 13G/A: Money Concepts Discloses 7.5% Ownership in FONR
Rhea-AI Filing Summary
Money Concepts Capital Corp reported owning 462,760 shares of FONAR Corp common stock, representing 7.5% of the class. The filing states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
The filer reports sole dispositive power over 462,760 shares and no voting power (sole or shared). The Schedule 13G/A identifies the filers principal office in Palm Beach Gardens, Florida, and lists the issuers principal executive office in Melville, New York.
Positive
- Transparent disclosure of a material >5% beneficial ownership (462,760 shares, 7.5%) in accordance with Schedule 13G/A rules
- Certification of passive intent stating shares are held in the ordinary course of business and not to influence control
Negative
- None.
Insights
TL;DR: A passive investor disclosed a meaningful 7.5% stake, which is material but presented as non-control and held in ordinary course.
The statement shows a 7.5% beneficial ownership position, with 462,760 shares under sole dispositive control and no voting power. For investors, a >5% Schedule 13G/A signals notable ownership that must be monitored for future changes, but the explicit certification that shares are not held to influence control indicates a passive intent today. This filing does not present earnings, debt, or operational data, so its primary relevance is ownership transparency rather than changes to fundamentals.
TL;DR: Ownership disclosure meets regulatory requirements; absence of voting power suggests limited governance influence now.
The report discloses sole dispositive power without voting authority, implying the filer can sell shares but currently does not exercise board influence. The certification affirms ordinary-course holdings rather than activist intent. Stakeholders should note this as a material passive holding requiring disclosure, but the filing alone shows no change to board composition, control structure, or governance arrangements.