Jag-this, we have the same target price for acquisition of more shares but as I posted earlier I do not think sub 20 cent share prices are likely. Our best chance for such a purchase will be tied to the warrant strike price CGNH might establish with their financing. This possibility is why I have standing AON orders at such prices.

IMO the only financial help CGNH can expect from Merck would be to sell Merck the paramagnetic bead business. This is a possible way for CGNH to avoid further dilution but IMO Dr G is more inclined to structure a debt facility with one of the numerous healthcare funds (Paul Capital and Deerfield are two such funds) as the bead business offers a significant cash flow and market cap valuation for CGNH versus a one time cash infusion from selling the bead business.

I am feeling more confident every day that I have an accurate understanding of how CGNH thinks and this understanding is improving my odds to make a significant return on my investment in CGNH.