Synaptogenix Inc (SNPX)

[Battle Ready]

It's complicated. I believe NTRP became PTPI with roughly a $20 million cash contribution that as I recall was the equivalent of $.80 per NTRP share (which became $4.00 after 1-5 split), then SNPX was treated as a dividend and the cost basis was something like $.25 or so, later adjusted after 1-5 to $1.25 and later adjusted again at 1-4 for $5.00...

The PTPI deal was mind numbingly stupid in terms of representing the interests of the common shareholders that wanted to invest in Bryostatin-1 and Alkon. The idea of "two shots on goal" was always just BS spin.

IMHO, our problem was then and still is that while many of us are good with investing in Bryostatin-1, the patents, licenses, and Alkon. The company's chairman and his PE buddies are more interesting in schemes for them to make money, and this is almost always at odds with the common shareholders interests... Alkon and Tuchman should get rid of Silverman and Weinstein and set a new course...