Protagenic Therapeutics Inc. (PTIX)

[lowman]

Help me out here. What's so nice about it?

The a/s is expected to be maxed to satisfy part of the debt. Maybe I'm wrong but doesn't that sound like there's still about 82M shares expected to be issued shortly?


As of the close of business on December 27, 2011, the Buyers have been issued an aggregate of 10,918,477 shares of the Company’s common stock in connection with the conversion of their Notes and the Company at such time had 17,442,687 shares issued and outstanding, which excludes 681,509 shares held in treasury. The Company is authorized to issue up to an aggregate of 100,000,000 shares of common stock, and anticipates that substantially all authorized but unissued shares will be issued to the Buyers to partially pay down their Notes in accordance with their terms.