Replies to post #102661 on Protagenic Therapeutics Inc. (PTIX)

[southflatrader1]

Do you ever picture Dyne and Fong and the boys sitting back reading these boards saying.."they're getting warmer..", they're getting colder..", "they're getting hot!! ..."..
LOL

[Old Hillbilly]

Exactly...that's what I've been saying. It could very well be that Atrinsic has an MM buying back shares into the treasury decreasing the float that they would have to acquire equity for. The fewer shares in the float the more money per share we would stand to make AND less equity the company has to raise to buy the retail float.

I think you meant less money they would have to raise to buy all the float.

The trouble is when you are trying to raise money through equity financing the lender wants shares held as "colateral" that can be converted into shares/equity at a discount of the "going pps"

Shares just represent equity.

Now today another company raised 5 million by selling shares @ the going rate!

CEO, Dwight Brunoehler, announced today that the company has signed an agreement with a funder to issue 20,000,000 shares of the company's common stock in exchange for $5,000,000 in cash or 25 cents ($.25) per share. No other considerations will be granted to the funder in exchange for the cash payment. HAIR
http://ih.advfn.com/p.php?pid=nmona&article=52548269&symbol=HAIR

If ATRN had just sold 1.8 million shares to a private buyer, even an off shore buyer, back in may of last year instead of borrowing money from "Certain Buyers" with a buyers win no matter what clause,
ATRN would not have been diluted into oblivion we see today!
I don't think any US Bank would lend much money with the price we are at today.

Now ATRN could have money to be buying back shares but from your wiki link earlier

Open-market
The most common share repurchase method in the United States is the open-market stock repurchase, representing almost 75% of all repurchases. A firm may or may not announce that it will repurchase some shares in the open market from time to time as market conditions dictate and maintains the option of deciding whether, when, and how much to repurchase. Open-market repurchases can span months or even years. There are, however, daily buy-back limits which restrict the amount of stock that can be bought over a particular time interval again ranging from months to even years. http://en.wikipedia.org/wiki/Share_repurchase

I don't know what their daily buyback limit would be if they are even buying back?
Devils Advocate
OH <g> going out & about.....