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Biotech / Medical : Avadel AVDL

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To: tom pope who wrote (108)	9/17/2005 4:51:04 PM
From: Arthur Radley	Read Replies (2) of 240

I made a nice profit on this company several years ago when it ran to over $40.00...but now I don't understand what is going on with this puppy. Seems every project they have ongoing with a major pharma ends in a cancellation..as with the TAP deal recently. With that all said..Oscar Schafer continues to buy this stock...just released numbers show he now owns about 15%--give or take a percentage. Unless Schafer has lost his touch...one must puzzle as to why he is buying...he effectively took over control of the company with his recent board revolt...what is he seeing in this company?

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