Protagenic Therapeutics Inc (PTIX)

[naturalborninvestor]

I'd rather say they cleaned up for a new start. Makes sense to me.

from the 8-k:

As previously disclosed, on August 16, 2011, the Company received notice from the NASDAQ Listing Qualifications Staff indicating that the Company was not in compliance with the minimum stockholders’ equity requirement of $2,500,000 for continued listing on The NASDAQ Capital Market pursuant to Listing Rule 5550(b). The Company remains non-compliant with that requirement and ultimately determined that the administrative burdens associated with being a listed security outweigh the benefits to the Company and its shareholders of a continued NASDAQ listing.

http://ih.advfn.com/p.php?pid=nmona&article=49855181