5, 4, 3, 2, 1....KABOOM !! Fasten Your Seatbelt !!!!!
"If NovaDel can’t find a deal by the end of the month, the company said it intends to file for bankruptcy"
Here is what we know for sure: Company is actively seeking for a deal (new partner, buyout)
There is no way this company is just going to file for bankruptcy. All signs are there. I truly believe that the reason behind 3 BOD resigning was a giveaway positive sign. Why would they resign a few days before filing for bankruptcy? Were they hinting investors to abandon the ship because this company is sinking? I DON'T think so! It is not normal for BODs to resign with the bankruptcy planned out. If you don't agree, show us an example where bunch of BODs resigned a few days before filing for bankrupcy. I bet you can't find one... They resigned because they knew that this company will be sold or be under a new management soon. Do you really think Ratoff is going let his hard earned money sink with this company? He will make a deal before anything bad happens. I will explain later, but all signs are there. This company has too many goods to just let it sink. We got less than 5 days left... Watch and learn boys!!!
"NovaDel announced termination of license agreements for Ondansetron Oral Spray Product. The Company believes the termination of these license agreements better positions the Company for a potential strategic transaction by returning control of the product within the United States and Canada to the company."
This happened just last week... I wonder why they would do this if they are planning to file for bankruptcy? Is Ratoff trying to setup his company for something? Watch and learn boys!