Novadel Pharma Inc. (fka NVDL)

[Schris]

NVDL's real value is 3.2 cents a share.

This is based solely upon the current value of SUDA Stock.

Here is the math:

Value of NVDL based upon them controlling 60,000,000 shares of SUDA

X = Suda Stock Price.-...$0.08


Value of 50 Million Shares of SUDA = 50M * X

50,000,000......*.........0.08 cents....................$4,000,000

Options for 10 M Shares of SUDA = (10M * (X - 0.05))

10,000,000......*.........0.03 cents......................$300,000

..........................................................Total...$4,300,000

................Number of Outstanding NVDL Shares......134,890,000

Actual Value of NVDL $4,300,000 / 134,890,000 = .........$0.032

Using this model when SUDA is at $2.26 per share the value of NVDL is $1.00 per share.

If you want an emailed copy of the model (Excel) please send me a private message with your email in it.