Replies to post #86812 on Protagenic Therapeutics Inc. (PTIX)

[Chag]

I don't think Delaware has a corporate tax. That is why most corporations register its charter in Delaware because they don't have a tax. You pay State taxes in all states that you have nexus in. This would be New York.

[Chag]

Selected Entity Name: ATRINSIC, INC.
Selected Entity Status Information
Current Entity Name: ATRINSIC, INC.
Initial DOS Filing Date: DECEMBER 18, 2008
County: NEW YORK
Jurisdiction: DELAWARE
Entity Type: FOREIGN BUSINESS CORPORATION
Current Entity Status: ACTIVE

They registered it's corporate charter in Delaware but would pay corp taxes to the State of NY and apportion it's income between all other states that they have nexus with.

[jzgeorge]

Makes sense to me Bass. I know they have the money. They just got rid of 14 millions shares.