Protagenic Therapeutics Inc. (PTIX)

[kick69]

IMO THIS IS THE BOTTOM AND WE SHOULD SEE BETTER DAYS AHEAD – GOD WILLING

1)DUMP SHOULD BE OVER – Normally BK stocks go through a two or three day dump. Today’s Dump was due to the Q being added to the stock so those who do NOT follow the news found out and panicked. They know nothing of the stock or pending plan so they have no idea there may still be value here especially at these levels.

There also seems to be lots of people scoping up all these cheap shares so maybe somebody knows something ;)

We have seemed to find support at .011 and hopefully we start to rise but the true value will be known after the “Official Reconstruction Plan is Released”

We may see a test of the 52 week low first thing tomorrow but we seem to find support at .01 and hopefully we start to rise but the true value will be known after the “Official Reconstruction Plan is Released”

At the end of the day the PPS now means nothing unless you want to add or buy in. What really counts in that Plan and what share holders will be left with.

2)WE STILL NEED TO SEE THE “OFFICIAL RECONSTRUCTION PLAN” - This will be released by 06/30/2012

Some believe the Court Docs already released are the plan – THIS IN INCORRECT

What is provided in the Court document is the Reorganization Support Agreement or "PSA" which states (Doc 2 Page 11 #33) that a Plan of Reorganization will be provided by June 30,2012 (most likely on the 6/27 Court Date IMO)

What the PSA does provide is a "Term Sheet" which outlines the general agreement for discussion purposes and it may not contain all the terms of the agreement so what you read may not be final as stated in Doc 2 Page 35 where it states:

“This Term Sheet does not contain all of the terms of any proposed restructuring" so there are terms we are NOT aware of that may be very significant to the proposal.

3)The terms do say common shareholders will get 0-10%. 0 is bad no doubt but 10% can be very profitable especially if you bought at the lower levels.

How?

Lets say you have 200,000 shares.

10% would be 20,000

You can assume that when we emerge from BK they would not want to emerge as a penny stock so we would have to value above $1 to list on Nasdaq and from what ive seen with reverse splits the ultimate goal is to get in between 2-3 dollars so as you can see dont be scared of loosing a big percent of the stocks as in a reverse stock split as the per share amount would be much greater. Besides we would also assume we would come out a much better running machine so this value could go up very quickly

According to Nasdaq rules a new PPS (which it would be after BK) must have a PPS of at least $4.00

(http://www.investopedia.com/articles/02/032002.asp#ixzz1yGk5hbGq)

20,000 * 4.00 = $80,000

However, there can always be a reverse split to dilute our shares further and we don’t know the share structure but we wont know until the final plan is released.

Yes the 0% is scary but in a pre-packed Bancrupcy where the company plans in continuing business this does not seem likely. Just google pre-packed Bancrupcy and there is some good reading on this special situation. It is NOT your normal bankrupcy.

Again this is just my IMO why im still confident in this stock. Besides I have no choice as im way down at the moment ?


4)We are no longer in the Dark – The Court Docs stipulate that Atrinsic will release info the the SEC within 3 business days of the filing on the 15th. So we may find out some more soon.

Lets all just hope for the best and trade based on your own opinion