The market obviously doesn't think so. Still 300 million shares are free to trade vs about 65 million before the merger. That still equals massive dilution. And regardless of locked up shares, they still have to spread future profits (if there ever are any) among all 650 million shares. Quite the hurdle, which is probably why the news was met with a great big yawn in the open market.

But not to worry. The pumpers have already started hinting at a merger and change of ownership. Just think...that kept JAGH afloat for over ten years while they did nothing but lose money on operations. And other shills still swear there are hundreds of millions of naked short shares out there.

Lather, rinse, repeat!