Here is another Half full glass and filling outlook:

Hot small OTC pharma to watch.

CardioGenics Holdings Inc. (OTC Bulletin Board: CGNH) this company's paramagnetic beads, could have you seeing green.

www.megastockpicks.com

(EMAILWIRE.COM, June 10, 2010 ) Add CardioGenics Holdings Inc. (OTC:CGNH) to your watch list, a company that specializes in the business of development and commercialization of diagnostic test products to the In Vitro Diagnostics testing market. CardioGenics has several test products that are in various stages of development. They are in final testing stages with Merck (NYSE:MRK) to become the main source of "paramagnetic beads" for which Merck would send to all of their customers. News is expected fairly soon regarding the final outcome of these tests.

CardioGenics develops Paramagnetic Beads. Paramagnetic particles are the most widely used solid-surface in medical laboratories immunoassay testing equipments, due to ease of manipulation and large surface area. In such tests which involve the measurement of light generated on the surface area of paramagnetic beads, color of the beads plays a significant role in determining testing sensitivity.

Cardiogenics says "Our Beads represent a significant product advance. Most paramagnetic beads are made of iron oxide, and are traditionally black or brown. We have developed a proprietary process that coats the beads with a layer of silver, making them white, and more sensitive to light. We have tested our Beads against all commercially available beads and presented the results in an international conference. Our silver plated beads are five times more sensitive than traditional black or brown magnetic particles to generated light."

With a go-head from from Merck Chimie (a foreign subsidiary of Merck NYSE:MRK) regarding their paramagnetic beads, a price per share of 10 cents or higher would not be surprising, as the text states that CGNH's beads will be distributed to all of Merck's customers. This would be a continuous cash flow provided Merck places multiple orders over time.