Replies to post #107672 on Protagenic Therapeutics Inc. (PTIX)

[frontloading]

just maybe the BD scheisters were smart enough to decline the (supposed) previous "lowball" offer in anticipation of leaving enough to keep some folks satisfied? shoot, i don't know..crazy is as crazy does..that said, think i'll double monday's order and see if i get lucky.

[jotuk6771]

Chapter 11 allows the company to reorganize it's debt , Chapter 7 is a liquidation , but as they stated , they were unable to raise additional funds : "The filing was precipitated by the cessation of direct-to-consumer subscription products and Internet search-marketing agency businesses, coupled with the Company's inability to raise additional working capital or financing."

Unless a White Knight comes out the woodwork after the process, the only way to raise operating funds and continue to pay off the debt will be massive dilution ...

It's , IMO , not the same story that " How much i will get for my shares after the buyout " ...