Protagenic Therapeutics Inc. (PTIX)

[RoagTrader]

The debt is owed to BD, ATRN has given shares to BD in lieu of cash, those shares have been sold into the float and I believe continue to be. The company did not increase the Authorized Shares however which is a good thing.

Also, the MM's are not going to whack the bid to dump shares, this has been a methodical distribution, you can see the blocks being offered and scooped up at the ask. If it was panic selling by the big holders you'd see big blocks hitting the bid.

MM's are in total control right now, but once we get a catalyst that causes significant buy pressure that will change.