Protagenic Therapeutics Inc. (PTIX)

[jimmyburkitt]

I stole this from the other board,

The Company will within three business days of the Petition Date date, file an amendment to its Certificate on Form 15/A and all other necessary communications to effectively withdraw the Form 15 Previously filed by the Company on March, 30 2012.

Immediately following the Petition Date, the Company will undertake best efforts to ensure that all steps are taken, including the completion of all financial audits, and all filings are made in order for the COmpany to become fully compliant with all SEC reporting requirements, including budgeting the required funds necessary to become so compliant.

Here is what is says under Section 8. Termination, page 26

(a) The occurrence of each of the following events shall constitute a "Termination Event"

(ii) the failure to comply with SEC Requirements set forth on the term sheet; (This is outlined above)

Any thoughts?