Palatin Technologies Inc. (PTN)

[mikedeatworld]

I would really have a smidge more confidence, if Steve or Carl would buy on the open market. I do think though, they have a ton of exposure already through their company share program. But, still, it would be nice to see them buy some common shares to boost shareholder confidence.

I really agree with you, these deals do not happen over night or weeks, or days. They probably take a few months to iron out. So yeah, they most likely have a partnership(s) lined up, depending on the data read out.

Plus, the latest corporate presentation, mentions a Phase 3 trial commencing in the EU (subject to funding). To me, that shows they are confidence they will get funding.

Lastly, there wasn't one hint of fear in that conference call. They seemed very excited.

"So there is no question the data that comes out late third quarter is going to be the primary dri[v]er of those collaboration chats but we are not going to be starting the process at an early we're at definitely an advanced stages of discussions and due diligence with a number of potential collaboration partners."

Also, why would folks leave their company to go work at Palatin unless they were sure that Palatin has a future? (Libby Keating and they hired a new Project Manager). :)

September should be fun.