Protagenic Therapeutics Inc. (PTIX)

[eddy2]

The tax debt is in place to raise the capital you mentioned. They will sell the debt that was accumulated through the sale of equity above its par value. This has set in motion a government credit due too the original bank debt being sold to equity holders with after there previous taxed money used for the purchase.

More debt could be used. I guess time will tell if there is sufficient collateral raised to support the debt. There is a share holders deficit ie: money raised and tax debt sold and lent back to the company. This company needs a legit revenue source as leveraged tax debt is raised and sold further diluting the existing shareholders of there position.