Protagenic Therapeutics Inc. (PTIX)

[Slyder75]

IF they are acquiring ATRN, I would love to know how they plan to do it without diluting the hell out of shareholders. Minimum value in a hyper growth industry is 1.5x plus revenues. More like 2-6x, depending upon growth projections.

Dig back into the last quarterly, and you see that affiliate revenue hit roughly 13M in that quarter, I believe, without going back and pulling the exact number.

Now, wheel into Christmas time, online shopping up roughly 25% last year, and my bet is, they BLEW OUT transactional revenue from 3Q. My father owns a jewelry store, and their revenues between Black Friday and Christmas time account for over 45% of the annual take. Think about this...Christmas time is a retail maker, or breaker. As retail goes online...so goes ATRN revenue IMO.

So how in the world is a company like SNRY, who conducted a R/S already, is trading now at around .03, and has no cash, is going to be able to pay 30M (1x revenues, roughly) to 180M (6x revenues) for ATRN.

In short, NO WAY this happens between these two companies, with Dyne on the BOD, Musci having shares at an average of $2+

I think it's a ridiculous notion to think this company would buy ATRN with virtually NO ASSETS in cash.