Chart position of National Patent Development Corp. (OTC:NPDV) has been rather uncertain lately. On Friday, the stock suddenly 
lost 3.33% of its price, while its traded volume rose up significantly. Though, the reason for the loss is yet unknown.
Historical data shows that NPDV has not released any news on its business recently and no one is familiar with its operations. In fact, the only data available on the company appears to be its financial reports and forms filed with the SEC.
In the beginning of this month, NPDV reported its quarterly results. However, these did not look much promising.[BANNER]
As of September 30, the company still had more assets than liabilities in its balance, though the net loss was not covered. At the same time, the revenues kept missing and the cash flow from operating activities remained a negative value.
Nevertheless, cash and cash equivalents of NPDV total $27,162,000, which the company intends to use to acquire interests in one or more operating businesses and to fund its general and administrative expenses.
