Replies to post #23812 on Protagenic Therapeutics Inc. (PTIX)

[tchalla]

and how much in losses, huh? get a grip. they will have 20x the shares outstanding if they don't reverse split and go the route of increasing the authorized shares to cover the debt. and what about their need to borrow more money until they stop the bleed? that is why i think bk is a better option for atrn if their management is smart. bk will allow them to restructure EVERYTHING...their debt, their notes, and their share structure without being hassled by the note holders. unfortunately, they are insolvent and have no equity, so that would leave current commons with no value, but it would be a great move for atrn as a company. that is what i think they are getting their books ready for, because you can't do bk without your filings in order. all imho