It certainly appears that there is still some slither room in the merger deal:

The closing of the transaction is scheduled for June 30, 2009 and is subject to (a) the relevant parties to the transaction entering into a "Support Agreement" and "Exchange Rights Agreement," prior to the closing, enabling Exchangeco to fulfill its obligations with respect to the Exchangeable Shares; (b) CardioGenics closing on private placements of not less than $1,500,000; (c) CardioGenics delivering its audited financial statements to JAG Media in accordance with the share purchase agreement; (d) the CardioGenics shareholders and Debenture holders making certain deliveries, prior to the closing, as set forth in the share purchase agreement; and (e) the satisfaction of various customary conditions to closing. All parties are dedicating their full resources to execute the remaining matters for the closing.

If CardioGenics shareholders will own 85% of JAGH stock what does that mean for current JAGH shareholders? I think that the posse on RB may be just a little too excited about this deal.

Doc