Protagenic Therapeutics Inc. (PTIX)

[nuubie]

Mmmmmm Nope! Here are the facts:

"Our Board of Directors has unanimously adopted resolutions approving and declaring advisable a proposal to amend our Restated Certificate of Incorporation, as amended, to effect a reverse stock split of all our outstanding shares of common stock at a ratio within a range of 1-for-1.5 to 1-for-4. If this proposal is approved, the Board of Directors will have the authority to determine, within twelve months from the Annual Meeting, whether to implement the reverse stock split and the exact amount of the reverse stock split within this range if it is to be implemented. If the Board of Directors determines to implement the reverse stock split, it will become effective after filing the amendment with the Secretary of State of the State of Delaware."

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http://www.sec.gov/Archives/edgar/data/1022899/000114420410052209/v198150_pre14a.htm