Protagenic Therapeutics Inc. (PTIX)

[Chag]

Corp name search for Delaware corporations

https://delecorp.delaware.gov/tin/GINameSearch.jsp

Annual report for 2011 not yet filed is more of a clue to me of something going on than late on filing their quarterly Franchise tax. The tax could have been paid already, since these reports from the Secy of State offices are not in real time. Most corporations keep their annual reports current. These reports cost usually less than $100 to file. If a corporation becomes delinquent they will not be able to get a tax clearance letter which is usually required when filing for loans or I would think attempting to complete a sale of the corporation. The buyers would want to make sure that all taxes have been filed before closing on a deal, otherwise they would be assuming the tax liability.