Replies to post #82825 on Protagenic Therapeutics Inc. (PTIX)

[bassilious]

If ATRN bought traffix for 137 mil, which was only one part of the company, I don't see this company being valued under 75-100 mil.

[smoke_em]

Atrinsic paid 8.8 million for ringtone.com and others, but ended up selling them to MKONO MEDIA CORP. for $650,000. So things that happened in the past mean zip to todays value of Traffix....

Line 313: Since the merger with Traffix, we have engaged in several other transactions, including our purchase of the Ringtone.com assets in June 2008 for approximately $8.8 million in cash and notes. This acquisition gave us a prominent domain from which to market our mobile content services. In addition, in October 2008, we acquired a 36% minority interest in The Billing Resource, LLC (“TBR”), initially contributing $2.2 million to its formation. TBR is an aggregator of fixed line telephone billing, providing its customers with the ability to charge end user customer’s telephone bills for subscription services they deliver.
MKONO MEDIA CORP. for $650,000 =


CSC Short Codes Associated Domain Name

?? (i) MMP3G.com also (short code 71422),

?? (ii) Ringtone.com (short code 36726),

?? (iii) Bid4prizes.com (short codes 81000 and 88230),

?? (iv) Gatorarcade.com (short codes 44577 and 87777),

?? (v) Gatorarcade.ca (short code 87777),

?? (vi) Ringtonechannel.com (short code 25000 and 44577),

?? (vii) Imatchup.com (short code 44577),

?? (viii) Imatchup.ca (short code 25000), and

?? (ix) SlimLizard.tv (short code 24885)



All right, title and interest including intellectual property interests in all the above referenced Short Codes and associated URLs.


Included with the gatorarcde.com site are all right, title and interest including intellectual property interests and software source code in the below referenced “games” (the “Games”):


GameName Developer
Ancient Hearts Toybox Games
Ancient Quick 21 Toybox Games
Ancient Spades Toybox Games
Bongo Bingo Toybox Games
Cribbage Toybox Games
Crossword Toybox Games
FreeCell Toybox Games
Garden Dreams Toybox Games
Gator Factory Toybox Games
Gator Flip or Flop Toybox Games
Gator Sudoku Toybox Games
Gator Tripeaks Toybox Games
KrazyKubes Toybox Games
Ouba Toybox Games
Paradise Pet Salon Toybox Games
Poker Squares Toybox Games
Roller Rush Toybox Games
Space Lander Toybox Games
Video Poker Toybox Games

[kbatl]

And was the total share count more or less than ATRN? Comparing total and PPS doesn't mean much when comparing companies if you don't look at the share structure as well.