Replies to post #37345 on Protagenic Therapeutics Inc. (PTIX)

[BabyFreshNuggz]

NEWB QUESTION: How is the sale of their building good news and not a sign they are going into bankruptcy soon?

[PatiencePaysOff79]

I don't believe we are still waiting on that, it's finished per 8K from December 20:

Item 2.01 Completion of Acquisition or Disposition of Assets.


On December 15, 2011, Atrinsic, Inc. (the “Company”) completed the sale of its building in Moncton, New Brunswick, Canada to P. Albert Investments Inc. and Denis Albert. The transaction resulted in net cash proceeds to Atrinsic of approximately $645,000 USD.

http://www.sec.gov/Archives/edgar/data/1022899/000114420411070615/v243487_8k.htm