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Novadel Pharma Inc. Message Board

  • leonia5pbb leonia5pbb Feb 11, 2013 11:49 AM Flag

    Why have they NOT sold "any" of their shares the past 2 years?

    From February 2012 SEC filing, nothing has changed with their ownership of shares here, and it is right from an SEC Filing from last year :

    "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 NVDL 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."

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    • "THEY" can't! Probably would go to jail for insider trading if "they" did.

      • 1 Reply to toppedout2000
      • Blah, blah, blah, blah, who says they can't sell their shares?
        I have seen so many other stocks where insiders dumped shares and then the company went bankrupt soon after they dumped and NOBODY "went to jail" like some idiot here says.

        Not even one share sold over more than a 2 year period of time but the idiot claims that they would go to jail if they sold any of their shares, that is funny.

        There is a 30 day period of time where an insider can not sell shares on any upcoming news, 30 days NOT 2 years or more!!

        61 million shares held which is 38% of all the shares here and they have NOT sold any for more than 2 years, MORE THAN 2 YEARS!!.

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