Palatin Technologies Inc. (PTN)

[RFB]

The fact you did not hear anything last week as well as nothing today, does NOT surprise me in the least. PTN is always late, this is nothing new. Every single drug they have taken to Phase II/III reports late and often under-performs in relation to timelines, not to mention usually peters out as things go along. I suspect they will release that it did not meet end points and as a result, they will be forced to look at other potential uses within the space. If this happens, suspect they will be in the single digits within weeks for PPS. They are so buried in debt and convertibles, along with they have no capital to keep paying an inept and completely ineffective management team. Along with this, a board that is unwilling to act in the best interest of shareholders, points to a company waiting to implode...