Replies to post #835 on Protagenic Therapeutics Inc (PTIX)

[clearplay]

good point, something else is going on here and its such destruction in the pps that managment may elect to sell the entire company or everything but the ad agency that is about break even and did trailing 12 month revenue of about $20 mil

[lottotix]

yea other plans like to sell the company dirt cheap to "related" parties? LOL, not "related" on paper of course..... maybe acquainted he he

[naturalborninvestor]

I'd rather say they cleaned up for a new start. Makes sense to me.

from the 8-k:

As previously disclosed, on August 16, 2011, the Company received notice from the NASDAQ Listing Qualifications Staff indicating that the Company was not in compliance with the minimum stockholders’ equity requirement of $2,500,000 for continued listing on The NASDAQ Capital Market pursuant to Listing Rule 5550(b). The Company remains non-compliant with that requirement and ultimately determined that the administrative burdens associated with being a listed security outweigh the benefits to the Company and its shareholders of a continued NASDAQ listing.

http://ih.advfn.com/p.php?pid=nmona&article=49855181