If the merger goes through, I think there will probably be a brief pop up as the longs feel euphoric that the short squeeze will finally occur but I don't think that lasts more than a few days. After that, I feel the drop to single digits will then only take two to four weeks as the reality of the extent of the dilution sets in.

Two years ago when the stock ran up to $1.59 during the Cryptometrics mania a short squeeze should have been triggered if 350 million naked shorts truly existed, but that rally fizzled very quickly. If a similar pattern happens after a merger has actually taken place, there will be no more hype for the pumpers to fall back on, other than the ability of CardioGenics products (yet to be approved) to generate sufficient profits to support hundreds of millions of actual shares. In that respect, I think the market and future investors will need solid evidence that such profitability may occur, not just the opinion of a few vocal message board posters.