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Novadel Pharma Inc. Message Board

  • leonia5pbb leonia5pbb Jan 24, 2013 3:32 PM Flag

    61 MILLION shares bought, NOT even 1 share sold by them in more than 2 years!!!

    Ignore the lowlife liar tallijerk/toppedout.
    He is a paid basher of this stock. He even admitted it so just put him on ignore right now.
    Don't even wait to do that.

    Why would the people who are holding 61 million shares totally refuse to sell any of their shares
    over the past more than 2 years? Isn't is logical to assume that they would have sold some shares if they had no belief in this company going a lot higher in its share price?

    Ignore the lowlifes here who keep posting that they could not sell their shares.
    This stock has had more than 4 million share volume in a day several times so if anybody wanted
    to sell they had so many opportunites to sell their shares.

    Even now the bid and ask only has 10,000 shares so less than 200 dollars worth of shares for sale, check that for yourselves right now.

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    • I agree.

    • From February 2012 SEC filing :

      "The 61,809,543 shares of Common Stock beneficially owned by the Reporting Persons represent 38.1% of the issued and outstanding shares of Common Stock based on 134,890,615 shares of Common Stock outstanding as of October 25, 2011 as set forth by the Issuer in its Quarterly Report on Form 10-Q filed with the SEC on November 1, 2011. Of such 61,809,543 shares, 29,995,693, or 19.5%, are beneficially owned by Investments II; 193,233, or .1%, are beneficially owned by Advisors Fund; 30,188,926, or 19.6%, are beneficially owned by Associates II; 31,620,617, or 22.1beneficially owned by each of Investments III and Associates III; and 61,809,543, or 38.1%, are beneficially owned by each of Moorin and Schreiber."
      That is from a February 2012 SEC filing.
      They could have sold before or after that filing but they refused to sell any of their 61 million shares, not even 1 share did they sell or even want to sell when they could have sold at any time!!

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