Replies to post #2078 on Novadel Pharma Inc. (fka NVDL)

[JRT]

Thanks, good to know. It was my opinion that insiders have been slowly accumulating shares. I think they have slowed down to keep the PPS down.

[nupapa]

Thanks for sharing. Looking at the SUDA stock price on the AUS exchange - they were around .03 per share until November, climbed above .08, now resting at around .06 PPS.
http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=SUD

Let's be overly optimistic and say they sold all of those 50 million shares at the .08 peak. That's $4 million. According to the 2012 Financials we had liabilities of $4.3 million, including money owed to the FDA. So that 50 million shares of SUDA in all likelihood is almost all gone. I just don't see much coming from that. Really sucks because the technology had value.

All IMO,

NP