Protagenic Therapeutics Inc (PTIX)

[Chin_Wolfy]

but doesn't the warrants have anti-dilution clauses?

source: "description of warrants"

http://www.sec.gov/Archives/edgar/data/1022899/000114420411033341/v224580_8k.htm

"b" warrants:
If we make certain dilutive issuances (with limited exceptions), the exercise price of the Series B Warrants will be lowered to the per share price paid in the applicable dilutive issuance. The number of shares underlying the Series B Warrants will adjust whenever the exercise price adjusts, such that at all times the aggregate exercise price of the Series B Warrants will be $2,936,824.

"a" & "c" warrants:
If we make certain dilutive issuances (with limited exceptions), the exercise price of the Series A and Series C Warrants will be lowered to the per share price paid in the applicable dilutive issuance. The number of shares underlying the Series A Warrants and the Series C Warrants will adjust whenever the exercise price adjusts, such that at all times the aggregate exercise price of the Series A Warrants and Series C Warrants will be $5,813,502 and $2,828,070, respectively.