Protagenic Therapeutics Inc. (PTIX): I believe it was around 7 million before...

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Protagenic Therapeutics Inc. (PTIX)

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Re: ak_investor post# 42809

Monday, 02/13/2012 8:26:14 PM

Monday, February 13, 2012 8:26:14 PM

I believe it was around 7 million before they issued about 80 million shares to BD to help pay their debt. The O/S is around 87 million now, so anyone trying to compare pre-dilution share price with post-dilution share price is not comparing apples to apples.

I'm concerned about the big drop from .24 to under .19 after lunch and only a modest recovery late in the day. Almost as if news was leaked, that's the type of trading we saw. Could have been just a rumor, or profit-taking, or MM manipulation - or a combination of things - but I decided to hold off adding more because of it. Let's see what the morning brings.

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