Palatin Technologies Inc. (PTN)

[RFB]

What folks here can not wrap their brains around is THIS HAS NOTHING TO DO WITH THE DEAL!!!!!!!

This pricing has EVERYTHING to do with all the financing/debt and warrants/convertibles that are present. In short, Spana and team ran the company to the verge of insolvency (all the while paying themselves unreasonable salaries and building up/paying for expensive operations, resulting in little to nothing in value) and now that they have a glimmer of hope, the dilution has gone vertical......likely from investors/traders that have been trapped for the longest time and simply want out...at any cost

I beg anyone to pull up a chart and some indicators....namely, Accum/Distribution and MACD.....PTN is currently more diluted than it has EVER been. The PPS has reacted accordingly and is riding all time lows....

The deal is a glimmer of hope and just that....most are giving approval a foregone conclusion of approval when that is far from the case and the current monies are a drop in the bucket of the debt Spana has built up...This will take 2019 and beyond to even come close to reaching a dollar again....they will have to get approval, recognize considerable sales and Spana and company need to stop with the outlandish compensation for anemic/pathetic results...

Simply, piss poor management and the market is forecasting as much...remove Spana and team, you would watch this skyrocket....and speaking for myself, would easily drop 20K or more into the stock...tomorrow! With current team on board....not a snow balls chance in hell that I will drop a dime here....

Cheers!