Palatin Technologies Inc. (PTN)

[RFB]

Only problem here is the warrants/share structure and the manipulation that happens pre-market/close of business (1600 block prints). Today is another perfect example of why you want to dump spikes in PTN. Pre-market the MMs have taken the security up to .79 on ZERO NEWS or EVENTS.....This will ultimately lead to increased volatility for no reason. It will also through off technical incicators that have been pointing to consolidation thus far. I truly appreciate the fundamentals have significantly changed here and can appreciate the positive impacts, but PTN management has to understand investing from a retail perspective if they truly want to see some value maintained in their security. They often are only worried about insiders and thus retail does not understand the movements and trades are much more sporadic and hectic due to the whipsawing of the security....

In short, PTN management needs to stop kissing the arse of insiders and address retail investors or they continue to fight and uphill battle on (maintaining)value.

I will add, just reviewed the institutional holders report and almost exclusively sales on the part of the largest holders of the company.....easily 8 out of 10 reduced their position in the security....

Sorry, but the price action is just not supported by the trading outside rampant pre-market manipulation...