Protagenic Therapeutics Inc. (PTIX)

[buckhunter102001]

Yeah, Chapter 7 not happenin!!!

As far as the "termination of negotations with a potential acquirer for the business", who's to say that this PR isn't just an administrative requirement to satisfy the acquirer that Atrinsic is taking the non-profitable portion of the company off the table so that the negotiations can continue for the remainder of the company. Perhaps during the acquiring company's due diligence period they determined that the "agency business" wasn't something they are interested in?

Or, it could have been a totally seperate buyer but the way the PR is written with no safe harbor statement and no comments from BOD or management, I feel like it's just an administrative requirement...a cursory move to appease the acquiring company.

Here's where I'm coming from...The acquiring company is already feeling heat for some of its recent acquisitions and then they announce they are acquiring Atrinsic...Any negative part of the acquisition will be met with skepticism and criticism...solution: Get rid of the negative!