Protagenic Therapeutics Inc. (PTIX)

[Chiron]

**It's important to realize ATRN is not a normal stinky pinky. It was a Nasdaq stock trading in the dollars. They made a bad mistake with Kazaa, and they chose to make a tough decision; delist, issue more shares, and save the business instead of going BK.

That's why Goldfarb was brought in. He was a hatchet man.

Kazaa is gone, so they are no longer bleeding. The 5+million debt has been paid down 40%, with more to come. Fong has taken over, a finance professional who has worked with Nasdaq listed companies in the past.

The turnaround has begun, and that's why the stock retains it's gains and will continue to move north.

Now when it was in the dollars the float was 7 million, now it's 87 million, so it probably won't get back to the highs from last year without some real big developments.

However, .50 - $1 is not off the table here, especially once the debt is gone and the company is profitable again.

ATRN voluntarily took these actions to preserve the company and shareholders for the long term. Now, they are rebuilding.

I personally believe in a few years, maybe even 2013 ATRN will be back in the dollars as long as they continue to make progress. Short term I see .26, and possibly a breach of .50 here once the debt has been paid off.

99% of Pink Sheet stocks are either:

1. Shams
2. Have incompetent management
3. Any questions? See # 1 or # 2.

This is the 1%, a former Nasdaq stock in a V shaped recovery turnaround mode. And we're still at the beginning.