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Paramagnetic Beads and QL Analyser are Proprietary Products

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Message: Mustang

Gary was involved with CardioGenics for a while after the reverse merger. He still talks to investors who own the stock.....With respect to your prior post: The examples you listed are valid but they don't apply to this case. During the period in question, August 3--October 14th, there has been very little day trading in CGNH. I can account for a significant amount of the buying and these individuals did not sell any shares. If you reviewed the daily trading you would discover that Citadel, acting as a marketmaker, sold approximately 17 million shares and purchsed less then 500,000. BMAK and VFIN sold close to 2 million shares and purchased less then 200,000. The total volume during this period was 23 million. As you can see day trading as minimal....There were times when other marketmakers bought and sold shares. However, in most cases CDEL hit their bid and when the marketmakers offered stock aggressively CDEL undercut their offers. That made it difficult for the marketmakers to make a profit. As a result most marketmakers today, unless they have a public order, just bid the minimum which is 10,000 shares. Near the close today no marketmaker was bidding for more then 10,000 shares down to .02. The only marketmakers offering shares up to .05 were CDEL and BMAK.

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