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NVD close at .29 looks great
Hey Matt:
From form 4 GSAT
Common Stock 4/29/2009 P 746269 A $0.67 25986302 I By Thermo Funding Company, LLC
Common Stock 515000 I By Trust
Common Stock 38640750 I By Globalstar Holdings, LLC
Common Stock 618558 I By Globalstar Satellite, L.P.
These numbers added together come out to 65,760,610
This guy is beneficial owner to more than half the outstanding shares! AND STILL BUYING!
NVD Up, down, up, down. Think I'm getting dizzy.
KOG Sold one third yesterday for 50% profit. Can't sell anymore the daily chart just looks to nice.
KOG close above .90 would be great.
With all those shorts if we could get some volume and the pps moved up it could really take off.
That is if they can't keep it down. Manipulation?
I am holding SIRI, but was thinking of selling before next weeks earnings. Do you think they will be good?
Was doing DD on GSAT and found that the short inerest is pretty high.
Reported by NASDAQ as
04/15/2009 - 3,802,731shares - 9.52 days to cover
03/31/2009 - 3,903,396shares -12.37 days to cover
NVD News. I did, just a couple posts back here is link:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37477769
NVD - still in here. News out an hour and drop was minimal. Seems investors are not sure how to take it.
I do like that $1 million debt was paid off.
NVD - News: http://biz.yahoo.com/e/090501/nvd8-k.html
Form 8-K for NOVADEL PHARMA INC
--------------------------------------------------------------------------------
1-May-2009
Entry into a Material Definitive Agreement, Change in Directors or Principal O
Item 1.01 Entry into a Material Definitive Agreement.
On April 28, 2009, NovaDel Pharma Inc., a Delaware corporation (the "Company") entered into a Lease Amendment ("Amendment No. 2") with Macedo Business Park II, LLC, a New Jersey limited liability company, ("Macedo"), modifying certain terms to the existing lease agreement, dated as of March 19, 2003, relating to approximately 13,400 square feet of office and warehouse space located at Macedo Business Park, 25 Minneakoning Road, Raritan Township, New Jersey (the Company's headquarters).
Under the terms of Amendment No. 2, the lease term is converted from a tenancy of years to a month-to-month tenancy commencing on July 1, 2009. In addition, the Company has the option to rent desired space at a monthly Basic Rent (including Common Area Costs and Taxes as defined in the existing lease), beginning on July 1, 2009 of $20,549.
In addition, the Company will immediately release to Macedo the cash currently held in escrow under the existing lease in the amount of $226,000.00 in order to satisfy the Company's current rental payments through June 30, 2009. The Company has agreed to vacate the Tenant Space (as defined in the existing lease) not covered by Amendment No. 2 no later than July 1, 2009. Furthermore, pursuant to the terms of Amendment No. 2, either party may terminate the existing lease upon thirty (30) days written notice.
This summary description of Amendment No. 2 does not purport to be complete and is qualified in its entirety by reference to Amendment No. 2, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item 5.02. Departure of Directors of Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On April 28, 2009, Deni M. Zodda, Ph.D., Chief Business Officer, Interim Chief Financial Officer, Principal Financial Officer and Corporate Secretary of the Company, agreed with the Board of Directors of the Company that due to a reorganization of the executive team, his services as an executive officer of the Company will no longer be required effective April 30, 2009. Mr. Zodda has served as the Company's Chief Business Officer since February 26, 2007 and as the Company's Interim Chief Financial Officer, Principal Financial Officer and Corporate Secretary since April 1, 2009. There is no disagreement between Mr. Zodda and the Company on any matter relating to the Company's operations, policies or practices.
-------------------------------------------------------------------------------
In connection with his departure, Mr. Zodda and the Company entered into a Separation, Consulting and General Release Agreement (the "Agreement"). Under the terms of the Agreement, Mr. Zodda will provide the Company with certain consulting services, not to exceed thirty (30) hours in any calendar month, for a period of six (6) months, beginning on the date of execution of the Agreement and ending October 31, 2009 (the "Term"). Mr. Zodda shall receive a one-time fee of $137,500 for such services pursuant to the terms of the Agreement. In addition, options previously granted to Mr. Zodda which were vested and outstanding as of April 30, 2009 shall remain outstanding until April 30, 2010. The Agreement contains customary provisions concerning confidentiality and non-competition.
On April 28, 2009, the Board of Directors of the Company appointed Steven B. Ratoff, the Company's current Chairman of the Board of Directors, Interim President and Chief Executive Officer, to serve as the Company's Interim Chief Financial Officer, Principal Financial Officer and Corporate Secretary, effective April 30, 2009.
A copy of the Agreement is attached hereto as Exhibit 10.2.
Item 8.01 Other Events
As previously disclosed, the Company issued $4.0 million of secured convertible notes to ProQuest Investments II, L.P., and related entities (collectively, "ProQuest"), consisting of approximately $1.5 million of notes issued on May 30, 2008 (the "First Tranche Notes") and $2.5 million of notes issued on October 17, 2008 (the "Second Tranche Notes").
The Company paid ProQuest on April 29, 2009, $1,000,000 against the First Trance Notes. The remaining obligation on the First Tranche Notes is $475,000.
How did I miss that one? Others been talking about it all week. Guess I just can't catch them all. KOG and COIN did me well this week!
I think you were right again!
4000 would be great, but I think you meant 400.
Folks, please boardmark us, if you have not already.
So when is NVD going to move?
Do you want my best guess?
If I really knew when a stock would move I would quit my night job and live off my stock market profits.LOL
KOG .90 hod
So glad I did not sell yesterday (COIN). Thank you Agusta and Matt.
Been watching NVD on level 2 all week the .24's all but disappear, then come back bigger than ever.
We don't talk OTCBB or Pinksheet stocks on this board.
Check out the ibox for rules of the board and some great stock tips.
Come back anytime.
Thanks,
Trader
COIN $1.44 Could we get back to $1.50 today?
COIN pop
Been looking for that break for about a week. Looks like the ask is thinning just a little, maybe we get that move today.
Welcome, always glad to have more eyes and ears. Feel free to add to the community.
I might sell some positions early this am hope it is working for trades.
I use Strategy Desk. The quotes , time sales, etc. are working. But their website is not working for me.
Yes, I always ask others opinions, but make my own decisions. Was thinking last night I would watch todays trading and wait til Monday to decide.
A Press release might do the trick?
My Ameritrade just went down! Yours okay.
Thanks Matt. (COIN) I can't decide to take profit and use it elswhere or wait out the consolidation.
Good morning, What do you think about COIN. Premarket $1.13 was only a small sale, but did not look nice, moving up now. I was hoping the bottom was at 1.25
OSCI - Volume was tremendous today. Over 14 million. Float is only 34 million. Average day is less than 1 million.
PPS up about 95%.
Tomorrow is Friday.
OCSI - on fire today.
OSCI - .24
Matt,
Who you use for level 2? I am closing one of my accounts and going to loose my level 2. Still have ameritrade, but they only offer NASDQ level 2 quotes.
Trader
Augusta,
What you think about today's action on COIN? You sell or still holding long term?
Trader
OSCI broke .20 Let's see where it goes from here.
You'r not alone!
OSCI - up 30% today? Been holding this one in the red. Could get out now small green. What to do? Anyone else in this one?
MESA - there is a gap on the 60 minute chart about a week ago. May be filling in that gap if it holds here. I sold yesterday at a small profit, what do I know?(If I knew would have sold a couple days ago for bigger profit.)
Trader
OSCI - Anyone know why this one is up 24%. Just rumors?