Palatin Technologies Inc. (PTN)

[RFB]

As predicted in previous post, the dump is on. Hopefully some took my advice and exited at open and made some money on the short run. Expect it to do some more churning, but then continue its move south again in the coming days/weeks. In the end, there is no reason for a run. Nothing fundamentally has changed from what took it to .28 price point and the warrants are still weighing on the share count....Truly sad state here and nothing will speed up the approval/process for the drug....in the end, they built this toxic bed and no matter how much they manipulate or attempt to paint a better picture of the company, it still is extremely toxic to any potential investor/trader...Hell even management knows this, as they are not buying a share....NONE OF THEM. They know there share structure is shat right now and why they are paying themselves with cash versus shares....if they truly believed in the company/drug, they would be buying shares hand over fist, expecting approval of the drug...just not happening here.

BTW...BEWARE the SUCKER RALLIES...they will spike it a penny or two from time to time to try to get out at higher prices...don't fall for it, it will quickly dump once again......expect it to settle down in the lower .30s again...