Replies to post #88002 on Protagenic Therapeutics Inc. (PTIX)

[Kevin40]

So share price in that was 52%. What does that kind of PR put ATRN PPS at? That's right not more than 14 cents from today's close. Wait one more week when PPS will be 5cents and you can get 7cents buyout offer maybe

[Ralphie11]

According to the PR from Orchard that states:

"The $2.05 per share consideration represents a 52% premium to the closing price of The Orchard's common stock on October 14, 2010, the day before Dimensional Associates first presented its acquisition proposal to The Orchard's Board of Directors and a 21% premium to the closing price of The Orchard's common stock on March 15, 2010, the last trading day prior to the announcement of the execution of a definitive merger agreement.",

It would seem that we need to determine to the best of our ability, when BD first presented its proposal to Atrinisc (or whomever). I would assume that it was prior to the issuance of the 68 mil shares that BD received for Kazza. If in fact that is the case, a 52% increase in share price would be North of $3.00 - if I am reading the timeline correctly.

This whole thing would have started prior to October of 2011 I would think.