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Novadel Pharma Inc. Message Board

  • leonia5pbb leonia5pbb Mar 12, 2013 7:54 AM Flag

    insiders here have NOT sold any shares for MORE than 2 years

    From SEC Filing from last year: (38% of all the shares is a lot of shares to hold)

    The 61,809,543 NVDL 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 NVDL 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."

    (..Lying basher claims that they were not allowed to sell for more than 2 years. Next he will post that insiders can not sell for 20 years, that would make as much sense as the lie and ridiculous nonsense about "not being allowed" to sell any of their shares for more than 2 years...)

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