Protagenic Therapeutics Inc. (PTIX)

[friscobound]

Unfortunately it doesn't work that way.

1st of all they don't value new or old shares. Shares are valued by what they trade at.

One of two things happen with shareholders retaining a 2% stake. Either the current 100 million shares remain outstanding and they issue 4.9 billion more shares to get you the 2% or they issue a whole new common stock of which the holders of the current 100 million shares get 2% of that. If the total shares will be 50,000,000, all common stockholders get a total of 1 million of those.

The common shareholders currently own all of the near 100 million shares of common stock and they trade at 1.2 cents a share. That is valuing their stake at $1.2 million. That's is valuing the company that will come out of bankruptcy at $60,000,000. We all know that is so insane as to be at least 10 times more than it can possibly be worth as a shell company looking for a reverse merger.

But nothing in the process involves the company or the court or anybody setting a value of common stock. right now the market is saying the current common shares are worth $1.2 million and that represents 2% ownership of the company that will exit bankruptcy.

I can't tell you what the traders will do with this stock but in the end, the current shares you hold will be at least 90% less than they are today.