Protagenic Therapeutics Inc. (PTIX)

[Wisebuys]

Someone please sticky this post so investors don't get scammed!

September 11, 2014 Form 10:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10201048

Excerpts:

Page 15: Pursuant to the Plan of Reorganization, all debt was converted to equity with the secured creditors receiving 4,600,000,000 shares, $0.000001 par value per share, of a newly created class of preferred stock designated as Series A Convertible Preferred Stock (the “Series A Preferred Stock”) and general unsecured creditors receiving an aggregate of 300,000,000 shares of common stock, $0.000001 per share (“Common Stock”).

Prior to March 30, 2012, the Company was a reporting company under the Exchange Act, and filed periodic reports with the SEC. On March 30, 2012, we filed a Form 15 with the SEC, terminating our obligation to file periodic reports under Sections 13 and 15(d) of the Exchange Act.

Page 21: Over the last nine months, since emerging from bankruptcy, we have incurred significant operating losses. As of March 31, 2014, we had an accumulated deficit of approximately $968,000.

Page 42: As of June 30, 2014, an additional number of shares of our common stock are subject to the conversion of 4,600,000,000 issued and outstanding shares of Series A Preferred Stock. The conversion of the Series A Preferred Stock is subject to the Beneficial Ownership Cap limitation described in Item 11 below under the heading Preferred Stock.

Page 43: Our authorized capital stock consists of 105,000,000,000 shares consisting of 100,000,000,000 shares of common stock, par value $0.000001 per share, and 5,000,000,000 shares of “blank check” preferred stock, par value $0.000001 per share, of which 4,600,000,000 shares of have been designated as Series A Convertible Preferred Stock (the “Series A Preferred Stock”).