CardioGenics Holdings Inc. (CGNH)

[DADDY FAT SAXX]

The reverse split probably did not help things either. IMO. 1 for 10 RS not a big deal but penny players see RS and run the other direction. That stock was valued much higher back in July and has actually dropped about .20. The Merck deal is a nice bit of news but obviously it did not move the stock all that much. For a small float stock news like the Merck deal should have shot this up much higher. On May 20th the company hired an IR firm and I wonder if they gave the IR firm shares or payment?

Also it is not the Merck that everyone knows it is this Merck

Merck Chimie SAS is mainly a sale & marketing organization, being part of the chemical branch of the Merck Group, in charge of French and Maghreb territory.

The French Division of Merck

http://www.bing.com/search?q=Merck+Chimie+S.A.S.&src=IE-SearchBox&Form=IE8SRC

So it is a very limited segment of Merck.

If you became interested in this stock 2 months ago you must have bought it when it was around .50 to .60 or higher.

If the deal with thses guys was for MERCK Global that would be BIG NEWS but these penny companies get deals in Europe all the time.

The board is dead too so looks like very little interest here. Maybe the volume jumps are from the Europeans buying in but even then the pps is not jumping all that much IMO.

Oh and where is the IBOX. There is absolutely no information in the IBOX about this stock. I mean if I did not look up the company myself I would have no idea what the company does. If you want board traffic you have to let people know what they might be investing in. IMO.

GLTY