Replies to post #71722 on Protagenic Therapeutics Inc (PTIX)

[10452km2]

Good DD partner, Thanks for taking time to put this together for us.

Let me ask you a question, are you saying ATRN did not want BD to take over the company?

[ourlarsy]

Awesome post... But I really don't think os has been maxed. The answer can be found out tomorrow though.

Thank for the great post that opens up even another layer of possibilities

[Chin_Wolfy]

well... dang. this is really impressive. this makes the most sense to me... been trying to wrap my head around BD and Kenshoo and how they both fit in. i like your theory. thanks for posting on the message board.

the part that still confuses me a bit... BD converted all their notes to shares.. and you are suggesting that they had to sell those on the open market as they were unable to have more than 19.9% ownership? wasn't their a loop hole for BD on this?

i apologize if you answered this and i didn't see it.

[Chiron]

Now, if that is fact and the current pps is .14 are we saying that this company is only worth 14 million?

I really think we need the 10Q to make that assessment, and so does the market. We need to be able to project how much Kazaa was bleeding them and then speculate what the next 10Q will look like in June without them. Factor in PE ratio, and we could getting a more clear picture of the real valuation.

I'm not concerned about the buyout/merger speculation, until an announcement comes, if ever, it's pure speculation.

I want to see the facts in the 10Q, and so does the market. Shorty seems pretty confident here as of late, but that's another story.

[trader guy]

That has been the case for several weeks.

So, in my estimation it's pretty clear that ALL the 100,000,000 shares A/S are now issued.

[Kldog]

FWIW I called my broker today to find out the number of o/s, the number he gave me was 86.4 million. I'm assuming that number does not include the 600,000 held in the company's treasury. I know this has been discussed, but feel its noteworthy that they have not issued the balance of 13m shares to pay off debt. The question would be why? Were they able to pay off with cash?

[J_Doe]

Exactly thanks Buck!

Dilution and the white knight who saves the day!!