Replies to post #110081 on Protagenic Therapeutics Inc. (PTIX)

[griff100]

Sorry, it doesn't exactly mean that. Here's an example:

Suppose the company emerges from bk and is valued at "X".
Suppose they issue 100 million new shares out valued at that "X".

That means that ALL the current shareholders combined would share in 2% of those new shares, or 200,000 of the new shares will be distributed out to all the old shareholders based on how many you now own.
There is no way right now to calculate exactly how many you will get or how much each new share will be worth, but it will be a tiny percentage of what you have now. Of course, those who paid the least for their current shares will be hurt the least, but probably no one wil come close to getting their money back.

[RSPennyStocks]

It's not 2% of what you have now. It's 2% of the company value which is unknown at this time. It could be 2% of a billion dollar company or 2% of a 100 million dollar company. Either way, we need to accept the 2% unless the judge gives us more. Honestly, With everything Goroyce and I have put in front of the judge. I would be surprised if it actually goes through. Even if it does, it still doesn't stop our other actions.

So that everyone understands:

9.4. RELEASES. ON THE EFFECTIVE DATE, THE DEBTOR, THE REORGANIZED
DEBTOR AND THE CLASS 2 PREPETITION LENDERS (COLLECTIVELY, THE
“RELEASOR PARTIES”) SHALL BE DEEMED TO HAVE RELEASED AND
DISCHARGED TO THE FULLEST EXTENT POSSIBLE THE CLASS 2
PREPETITION LENDERS AND ALL PRESENT AND FORMER OFFICERS,
DIRECTORS, AGENTS, ATTORNEYS, INVESTMENT BANKERS, FINANCIAL
ADVISORS, AND PROFESSIONALS EMPLOYED BY OR ASSOCIATED WITH
THE RELEASOR PARTIES (THE “RELEASED PARTIES”), OF AND FROM ANY
AND ALL CLAIMS OR CAUSE OF ACTIONS, WHETHER KNOWN OR
UNKNOWN, ASSERTED OR NOT ASSERTED, SCHEDULED OR NOT
SCHEDULED AND WHETHER ARISING UNDER THE BANKRUPTCY CODE
OR OTHER APPLICABLE STATE OR FEDERAL LAW, ARISING FROM OR
RELATED TO ACTS OR OMISSIONS (EXCEPT FOR GROSS NEGLIGENCE OR
INTENTIONAL FRAUD) OCCURRING ON OR BEFORE THE EFFECTIVE DATE
OF THE PLAN AND THE RELEASOR PARTIES COVENANT NOT TO SUE ANY
OF THE RELEASED PARTIES WITH RESPECT TO THE CLAIMS RELEASED
HEREIN.