Protagenic Therapeutics Inc. (PTIX)

[PennyPincher12]

According to my calculations, the company has diluted 52M shares into the market since December 29th. The stock price has risen during the heavy spikes, which signals that people are gobbling up these shares on the premise that this stock will go higher in the future. As of today, I estimate that 52,000,000 shares have been added since December 29th (17mil O/S in the 8k, 69M O/S as of today). Assuming as average PPS of .022, the company has raised 1.15mil dollars and 1.25mil overall. I also predict that they will dump another 31M to max their A/S over the next couple days. Assuming a churn in the .02-.03 price range (let's say .022) until this is completed and assuming the $615,000 they are getting from the sale of some assets, the company will have raised 2.55mil dollars. Putting that toward the 4mil in convertible notes that the company has will provide a solid start to their reorganization strategy and with 2.5M off the liabilities (and into stockholder equity), we should still be trading in a range far higher than we currently sit. This is based on the immense revenues that ATRN still pulls in and their decreasing of liabilities to help stockholder equity.