I think that there are a couple of markers pointing to a merger/acquisition possibility. For one, CFOs usually tend to resign prior to a merger/acquisition, and with the stepping down of Novadel's CFO, it most likely signals the upcoming of a merger or buyout. Moreover, the CFO is not jumping ship immediately, which means that the company is in good standing or else if it was because of hardship in the company, the CFO would of been gone by now. His resignation on July 30 points to the fact that loose ends are being tied up before something big occurs. Secondly, Akrimax recently took Nitromist off of their website and list of distributed products, which indicates that the company is trying to align their pipeline for a buyout or merger. I, for one, feel like there's something positive brewing within the ranks of the company.
GLTA!