Stock price of National Patent Development Corp. (OTC:NPDV) has been rather hesitant over the past days. Yesterday, it started 
falling down again by losing 7.75%, while its traded volume reached approximately 230 thousand shares. What is more peculiar though, is the fact that the reason for the loss remained unknown.
Historical records show that NPD has not released any news on its business recently and no one has a clue about its current activities. The only data available appears to be a Form 4 filed with the SEC two days ago.
According to it, on Oct 5 Mr. LAWRENCE G SCHAFRAN, a Director of NPD, has acquired 2,156 shares of the company’s common stock on no particular reason. Apart from this information, no other news on NPD was to follow.[BANNER]
National Patent Development Corp. is a shell company. In January this year, the company completed the sale of all of the issued and outstanding stock of its wholly-owned subsidiary Five Star Products, Inc. to The Merit Group, Inc.
Though, by the end of June NPDV has suffered an operating loss of over $1 million. In the meantime, the company has registered neither revenues, nor any profit.
Still, cash and cash equivalents of NPDV total over $28 thousand and NPD claims it will be sufficient for “at least the next 12 months”. However, no one can guarantee the company’s future after that.
