CardioGenics Holdings Inc. (CGNH)

[pmunch]

Just checking on this potential merger ... Questions:

I see the planned closing date has "passed" -Nov 2, 2007

Is it "officially" delayed or "in jeopardy" ?

Seems like a LOT of shares out there for the pps currently ???

[CBGB]

Welcome RB'ers

[BondGekko]

CBGB spread the word about this site and I will delete any basher's posts, we will only have a fair and intelligent discussion here.

[CBGB]

What's HAPPENING here?................
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=nxno&SortBy=volume&Month=9...

who might be doing some covering? Do the volumes match the MM's numbers?

this might be a better site to do business, someone could leave these bashers behind. The moderator can ban them asap. ZAP! U R Gone just like that!

http://investorshub.advfn.com/boards/board.asp?board_id=2620

[CBGB]

Hello Tomato Farmer!

[CBGB]

JAG Medias (JAGH) S-4 on the merger. Do your DD folks!
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5424900

[CBGB]

Hope JAGH does announce the merger. Want this brd. to be buzzing. gltya Been in since Feb. waiting to dang patiently.

[orange6]

I HAVE FOLLOWED THIS COMPANY AND I EXPECT BIG THINGS

[BondGekko]

Do you have anything to report, what are your share price predictions for the next six months, and what will drive the share price upward, thanks.

[orange6]

prepare yourself for the sleeping giant

[orange6]

Get ready for this....

[Bull Trader]

damn stock is flying!!!!!

[wi$eold$upergeniu$]

vfin on jagh...that'$ me.........

[Tina]

ok, now what did you just say in ENGLISH?

[wi$eold$upergeniu$]

& that$ joo$t what i did..........& it REALly paid off.......i'm in BIG on another $tock i don't po$t too much on anyLONGer that i$ Joo$t about READY to do the $ame, imho..............!!...........

[wi$eold$upergeniu$]

i'm in thi$ trUCKER from 30 cent$ & forgot about it...........$elling today.............

[Tina]

They $aid.......

to wait four months and it would go up!

[wi$eold$upergeniu$]

what are they $aying...............?!............

[Tina]

it's being discussed on subpennyradio right now.

[nyc-hotshot]

Anybody still trading JAGH? This thing has been taking off the past few days. I read something about a short squeeze happening on it.

Plus they are merging with another company: http://biz.yahoo.com/bw/070130/20070130005873.html?.v=1

[bioprocessor]

Wow, a post. I took it off the wall, it's in a file now. I look here about once a month, can't believe anyone else is as silly as I am...I didn't start a fire with the certificates yet though.

[BondGekko]

NAKED SHORTS SCARE

By RODDY BOYD
--------------------------------------------------------------------------------

Email Archives
Print Reprint



September 15, 2005 -- Traders in Nasdaq stocks are racing to beat a rumored regulatory deadline to close out their positions — or take huge losses as clearing firms do it for them.
Stock traders told The Post that Nasdaq stocks including Baidu.com, the Chinese Internet portal, and Foxhollow Technology Corp. experienced sharp spikes in stock price and volume recently as short-sellers scrambled to cover their positions.

On Sept. 6, Baidu closed at $77.80; Tuesday, it closed at $113.59. On Sept. 6, Foxhollow was $43.91; on the Sept. 9, it closed at $47.96.

Naked short sales are trades executed without borrowing stock beforehand. Naked short sellers can overwhelm an orderly trading market, since unlike traditional short sellers, there is technically no limit to how much stock can be sold short illegally.

Naked shorting was always a violation of established trading practice, and in January the National Association of Securities Dealers instituted a rule — Regulation SHO — to eliminate the practice.

A day trader active in numerous Nasdaq stocks, including Baidu and Foxhollow, said a rumor of mandatory buy-ins had been circulating on Internet bulletin boards for days.

The Post reported recently that the NASD and numerous state securities regulators, led by Ralph Lambiase of Connecticut's Division of Securities and Business Investments, have vowed to increase scrutiny of naked short sales.



A buy-in is the worst possible development for a short-seller, since he has to accept any price given.

"Ninety-five percent of those rumors are fiction put out by people long on the stock, but price and volume action don't lie," said this trader. "Any stock for sale was gobbled up, regardless of price."

The NASD circulates a daily list of stocks — termed the Threshold List — from the New York Stock Exchange and Nasdaq with a certain percentage of their trading volume failing to match up.

Tom Ronk, the chief executive of Buyins.net, which offers software to take advantage of so-called short squeezes, said stocks with large naked short positions for two weeks often start to increase in price.

He said after 15 days on the Regulation SHO list, firms must buy in their clients or face fines or the suspension of their licenses.

As an example, Ronk pointed to Catuity Inc., which had been added to the NASD's Naked Short List on May 2 at $4.53 and jumped to $22.58 by May 9, closing yesterday at $15.40.

[bioprocessor]

It's basically worthless right now. If something ever happened with it, I can always take it off the wall. Until then, it will remind me that the playing field is not even.

[BondGekko]

You are the one wrong and when the stock price busts through 5 dollars and then to 10 and beyond you can come here and admit I am the ultimate King in predicting, just because my choice of words was slightly off does not change anything, you still can't name the companies remaining on the lawsuit, and you really believe that a lawyer of that caliber is not going to be able to reinitiate claims against the remaining 75 companies or if they have to appeal to a higher court, nobody cares about a lower court ruling

but again what are you going to do when the stock goes to the OTCBB, when all the certs are mailed out and the transfer process is complete and people are no longer allowed to illegally short the stock because now when you buy the shares it has to be in your name, and then we get a positive news release, all of a sudden all of the shorters have to cover, all of the brokerage houses have to cover all of those illegal shorts that have no name attached to it and this stock will skyrocket

your presence here and on raging bull shows me positive signs as well, why are you posting about a stock that is 25 cents, why are there paid bashers and shorts talking about on raging bull, you have multiple aliases that post on all the same penny stocks, you have aliases that were born in the past couple of months all posting on the same penny stocks, all negative in every one of their posts, the presence of new bashers is always a great sign for a stock with impending good news or one that is ready to takeoff, the bashers either want to buy more shares for as cheap as possible, want to cover their short sales for as best a profit as possible

I don't care what you tell me, I don't believe anyone who claims they just post about a penny stock for the fun of it, not possible, and definitely not possible for over 50 to 100 aliases, especially since they all post on the same 10 or so stocks, and you especially would not post about a stock you had no money on and was a penny the amount of times the bashers do over at raging bull

i laugh at the whole situation, even if the remaining 75 or so cases get thrown out, the situation remains the same, no more naked shorting, shorts and brokerage houses will have to cover, and I will continue laughing

[DueDillinger]

We've been all over this before, spree. You are the one who referenced an 'appeal' when in fact there is no appeal pending or likely being considered. You were simply wrong. Get over it.

[BondGekko]

first of all it was only half of the companies, only 70 out of 150 companies thrown out, secondly so they will re-initate the claims, it is a lower court ruling, no big deal either way

and besides I am not invested in this stock soley on that lawsuit, I am invested because now the stock can't be shorted illegally, so once it hits the OTCBB it will start to climb and the next positive news will send it skyrocketing, due to all of the illegal short positions

[DueDillinger]

Do you mean the October 12 release? There is no mention of an appeal and I doubt very much that there are any grounds for such an action. Here's what that release actually said:

We have met with the Company to review Judge Gilmore's ruling and are currently working closely with the Company to determine the best strategy for re-initiating claims against responsible parties in light of the court's ruling," added Pirtle.

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2004%5C10%5C12...

Re-initiating claims is NOT an appeal, spree; and a month later we've seen no action taken.

[BondGekko]

why hang it on your wall, send it in to Etrade and this way if the price goes up you can sell it, it is worthless on your wall

[BondGekko]

There is a news release on the case, the lawyers say they are working on an appeal

[bioprocessor]

The judge granted dismissal from the majority of the plaintiffs, O'Quinn & the boys say they are still talking, but I sort of doubt anything will come from it.

[janice shell]

The judge dismissed it.

[ben over again]

whats going on with the suit is any body out their for jagh?

[ben over again]

whats going on with the suit

[bioprocessor]

Anybody who still has this paper out there? I used to read the RB board regularly, posted rarely. I have some of this paper and am wondering if I should use it should I get cold this winter...to start a fire.

I do think that the system has been manipulated by short sellers who have their fingers in the system, and I do hope that something happens with the Dateline NBC segment, but I'm not holding my breath.

http://www.investors.com/breakingnews.asp?journalid=23425161&brk=1

Oh well, I guess I'll just get the certs framed and tell people that if the shorts ever have to cover that there are millions of $$$ hanging on the wall...

Will I only get to post for 2 weeks...is that why you two aren't arguing here anymore?

[BondGekko]

Thanks Dillinger, Time will tell, good luck with your investments, do you have any stock recommendations

[DueDillinger]

Dismissed is dismissed, spree...it's over. Since it's a lower court, the plaintiff can of course appeal the decision, but I would wonder if there are any grounds for such an appeal. One can't simply say that they don't like the decision and appeal. There must be a valid reason for an appeal, and my layman's eye doesn't see one here. None of the usual proponents of the naked-short conspiracy theory have suggested that an appeal would be considered.

Furthermore, while O'Quinn took JAG's case on a contingency basis, I would wonder if he would prepare a costly appeal without insisting upon a retainer.

I expect that JAG's next periodic filing will contain a statement about the litigation. Indeed, it's required.

NEXT!

[BondGekko]

Due again you are probably right, but until it gets reported from more than one legitmate news source then I will believe that the case is still open, now when you say dismissed you don't qualify, can the case be appealed, or can her motion be appealed, I find it hard to believe big time million dollar lawyers are just going to give up, they get paid to win, get a lot more money if they win

[DueDillinger]

neal- I guess that spree has posted the definitive Egyptian river policy. He believes that Judge Gilmore of the US District Court in Houston, and the most vocal proponents of the naked-short conspiracy--the legendary gadfly of Stockgate Today and Gayle Essary of Investrend, are spreading an 'urban legend' about the dismissal of JAG's case.

What can one say but...

BWAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!

[nealgalt]

Spree-Do you consider the DTCC 2003 annual report to be credible:

The failure of participants to deliver securities to NSCC on settlement date,and the corresponding failure od NSCC to redeliver the positions results in open positions. Open positions are marked to market daily....

At the close of business on December 31, 2003 open positions due to BNSCC approximated $3,025,467,000 and open positions due by NSCC to participants approximated $2,303,717,000 and $721,750,000 for securities borrowed through NSCC's stock borrow program.

DTCC Annual Report-2003


Or are you waiting for a PR?

[jurisper]

Of course; you've invested in the massive short story.

The company did issue some PRs about that, so it must be true & you can be comfortable the judge was talking out of her butt when she said there was no evidence of it.

[BondGekko]

I already told you I am not invested in this stock based on a lawsuit

[jurisper]

OK, soldier - you pass the test.

Very few people are savvy enough to grasp that nothing is true until a company verifies it in a PR.

Hold fast!

[BondGekko]

Biggest fraud case in history over 100 companies involved and not one of them issues a pr to their stockholders, try floating it somewhere else, until it gets confirmed I will treat is as an urban legend

[BondGekko]

Sorry buddy, you have to come up with some definitive pr's from any company to convince the world

[jurisper]

spree: OK so the judge isn't a good enough source; the people who were pushing the get shorty drivel aren't a good enough source; Carol Remond isn't a good enough source.

What do you need? Moses with a bunch of angels thwacking you around the head with a stone tablet?

[DueDillinger]

spree- I quoted the ultimate source--the presiding Judge herself. Read the Judge Gilmore's ruling:

http://leftysbarandgrill.org/getshorty/jag.pdf

Perhaps you'll believe Investrend's Financialwire:

StockGate: O'Quinn Team Courtroom Flop Called An 'Embarrassment' / FinancialWire®
September 13, 2004. (FinancialWire) The campaign against illegal and manipulative naked short selling suffered a major blow this past week as a U.S. District Judge dismissed Jag Media Holdings' (OTC: JAGH) suit upon a motion by some 75 defendants, including A.G. Edwards (NYSE: AGE) and Citigroup's (NYSE: C) Citibank.

Or how about the mouth of Stockgate himself:

the Jag Media lawsuit against the securities industry over settlement abuses has been thrown out of court with all motions dismissed. Houston Judge Vanessa Gilmore, in what appears to be a scathing ruling, cited repeated deficiencies in the Attorney's ability to file a complaint meeting the standards of law concluding her decision by stating "The extent of the deficiencies in the Third Amended Complaint is a strong indication that amendment would be futile".

http://www.investigatethesec.com/DavePatch30.htm

Believe it, spree. It's over!

[DueDillinger]

A well-written article, neal, that is sure to infuriate the Stockgaters.

[BondGekko]

Until we get further confirmations, I don't believe it, you could have left out information in those posts, even though I could care less about that case, I don't believe you or the bashers at raging bull

[DueDillinger]

The case is over spree, for all practical purposes. There's some formalities yet before the court closes the book on it, but that's just paychecks for the lawyers. It was only an important case to the Stockgaters. To the rest of the market, and particularly to the defendants, it was simply an annoying nuisance.

I posted a link to the full text of the Judge's ruling on the motion to dismiss. I also posted the docket which shows earlier dismissals of numerous defendants. But don't let reality stop you from sailing on that big Egyptian river.

The comet came and went, spree. You missed it.

[BondGekko]

Yeah another credible source, lol, you guys sure are funny