Who is Red John?

Theories of Spudboy (1)

Patrick Jane is Red John since no person could really extract a happy memory out of someone and kill the person in that memory. Also Red John guessed all the suspects correct which is impossible since how would he know which people did Jane shake hands with. Its feels like Jane is Red John. Whether its a case of multiple personality disorder (more likely) or not it seems that mentalist is being setup for an epic ending with Jane as Red John.  

Argue on this theory or rate it.
plausible
unlikely
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