Alda has up until August 8 to finalize the deal for Seavan. I am not completely sure how they are going to come up with the $1M in cash to do this though.

With no updates we can only guess that things are probably difficult or at best status quo.

Sad to say, but the only people who are making money on Alda these days is management.

Peter Chen - Total annual compensation: $214,612

http://investing.businessweek.com/research/stocks/people/person.asp?personId=13331970&ticker=APH:CN&previousCapId=7952731&previousTitle=ALDA%20PHARMACEUTICALS%20CORP

Terrance Owen - Total annual compensation: $250,612

http://investing.businessweek.com/research/stocks/people/person.asp?personId=5579485&ticker=APH:CN&previousCapId=7952731&previousTitle=ALDA%20PHARMACEUTICALS%20CORP

Who would have thought $465k could buy so little these days.