Protagenic Therapeutics Inc. (PTIX)

[eddy2]

The way SEC rule are written and who and what they apply too is very difficult but I will make it easy for every one to under stand.



The rules apply to the private company that the earnings and assets are based on not the holding company unless the company holds assets other then municipal, state or government bonds or cash or credit should the cash be in the bank that is debt the bank owes too investors.


So if the company owns personal assets over ten million other then the above mentioned they must report. So if they piggy back on Kodak the private entity not Kodak the public entity that rights are sold too a private party to use the good name of Kodak INC that can only be of one name or it is now double billing and very much against the law.



A private financing is when a public company buys equity of a private enterprise Kodak INC for example but can be called Atrinsic INC. or Atrinsic value or Goodwill those are the two most common then I have heard of cash being used accounts payable as well all representing Kodak INC the private company not the traded public entity that has the rights to the Kodak Inc name or GM, Ford ect.