Protagenic Therapeutics Inc. (PTIX)

[Slyder75]

Over 13M in transactional revenue in the 3rd qtr last year, and online spending for Christmas was up sharply. Let's just say that they saw a 25% increase in the transactional revenue piece, that puts their 4Q earnings at 16.25M, which added into their revenues through 3 months, 41.25M roughly.

They shed Kazaa, as a matter of fact, they committed and reversed that decision sucking money right of the company.

All in all, it doesn't look like these assholes are playing fair. However, I am NOT in favor of agreeing to anything with any lawyer that gives them a large stake in any valuation recovery.

If this is to be done correctly, isn't there a way we could set up an inexpensive website to track this, have a paypal account that can accept payments into one account, and ultimately, pay for these legal expenses via the 225 shareholders we have here? For $500 / investor, that's a 112.5k legal defense fund versus a percentage of the difference between .07 and fair valuation, which is a much, much larger sum of money. All IMHO of course.