Protagenic Therapeutics Inc (PTIX)

[Old Hillbilly]

Wow looks like ATRN had more debt than thought! Also note that sometimes the debt listed in the original filing may not be exact but pretty close.

1. If any of the debtor's securities are registered under Section 12 of the Securities Exchange Act of 1934, the SEC file number is
001-12555 .
2. The following financial data is the latest available information and refers to the debtor's condition on June 11, 2012 .
a. Total assets $ 5,342,665.00
b. Total debts (including debts listed in 2.c., below) $ 13,678,118.00

4,767,703.00 to google! ATRN's adword campaigns may have not been very good?? Just guessing adwords as the reason for debt. aka: media buys. Of course the goal is to make money using google but if the adds don't convert to sales .......oppps
More debt than assets is not good for commons.
I'm hoping some if not all assets sold pre BK are taken back and perhaps a better price gotten for them? This will be an interesting case to watch unfold !