Protagenic Therapeutics Inc. (PTIX)

[RoagTrader]

I think the company was truly surprised the stock went so low after voluntarily delisting (and perhaps after BD sold shares into the market to pay off debt). This gave savvy traders (and investors) the opportunity of a lifetime - to scoop up shares of a real company trading on the pinks at a below-bargain-basement price. And many of those buyers were buying big (me included) and refusing to sell because they knew the company was worth significantly more.

I can understand the company not wanting such a large portion of their O/S in the hands of "flippers", so how could they shake them loose and get them in more "secure" hands (either their own or a buyer's)?

1. News blackout (as someone already said, ATRN went dark after their last 8K)
2. MM manipulation (that drop to .083 last week was completely orchestrated to shake out weak hands)
3. Deregistration (you saw a lot of blocks today being sold and sucked right up)

I just can't accept the fact that this company is going under and there is no value here. $40+ million in annualized revenues, paying down debt, strong Board of Directors including the former CEO who stayed on the board, and close relationships with major clients, investment firms and advisors.

If they fooled me with all of this, then I can still sleep at night knowing that I made a rational decision to hold based on everything I know (and the great DD posted here).