Protagenic Therapeutics Inc. (PTIX)

[RoagTrader]

The company doesn't want millions of shares in the hands of pennyflippers.

The orchestrated takedown to .083 last week was designed to shake out as many shares as possible from weak hands. The same thing today. With a reporting deadline coming up, these events were not coincidental.

It does not appear the company is going out of business. Therefore, the most likely scenario, based upon all the evidence and due diligence performed, indicates some type of merger/buyout. The only question is the price.

If the company is doing approximately $40-$50 million in annual revenue, based upon their current situation and relationships I think 1X revenues could be a fair price which would put us at about 50 cents/share. Assuming the company/buyer has been able to accumulate much of the float that was "locked" by pennyflippers, they're getting the company at a significant discount.

Of course, this is all just speculation and wishful thinking, but I simply do not see anything that leads me to believe the company is going under or bankrupt. Why do all this (pay down debt, trade shows, conferences, tweets, etc.) if that's the case? Makes no sense and the people involved in ATRN seem pretty intelligent.

Next week should see some resolution to this mystery.