Protagenic Therapeutics Inc. (PTIX)

[RoagTrader]

We don't know how big of an issue the taxes are, it's just another question that shareholders should have answered because we have the right to know.

A buyout/merger doesn't relieve a company of its obligation to file required reports with the state and pay its taxes. Now, that being said, a company could certainly choose to delay filing/paying and simply pay the late fees that accrue, but one would think that upon the closing of a deal everything would be brought up-to-date, no matter who ends up responsible.

The one thing in the report that I thought was positive is the company DID file their Annual Return with the state of Delaware for 2011.