Replies to post #15500 on Protagenic Therapeutics Inc. (PTIX)

[hawkeye612]

Doubt very much whether it was done to satisfy one payment. They could have done that with selling assets and not destroying their pps. Would imagine their is something much greater working behind the scenes that we will find out in time. Would not be surprised if their was a merger between bd and Atrn. They sure seem to be in bed together.

[smoke_em]

This is my last post as I'm a freebie, I sure BD and Atrinsic are coming to one master agreement on this problem. BD would not of agreed to let Atrinsic sell assets unless it benefited them, the entire assets of ATRN were collateralized in the BD convertible note. This entire Debt. issue will be resolved in 30 days with new terms, or out right paid off IMO.

And YES, I agree that a merger or buyout at .40 to .70 cents would and should happen.

[StockBang]

I haven't read the entire thing.

There is a calculation that can be guesstimated though. BD was issued about 90 million shares. S whatever those were valued at would go towards the debt. Let's say it was based on the 5 proceeding closing stock prices before the day the we're transferred. If that averaged .02 they should have 1,800, 000 towards it. Itappears it was done towards the end of December. If that's the case, the stock averaged about .02 so that could be the case. That would be enough for 2 full payments.