Palatin Technologies Inc. (PTN)

[RFB]

What most investors do not understand with the latest deal, the company leadership just sold you/Brem out. If I were an investor and had any gains at this point, I would be a seller - why?

By granting the license to Brem oversees, they have sold out the drug to the crooks. Oversees they will reverse engineer and produce generic versions (to be distributed globally via the black market) thus undercutting any other vendor/licensee/value of Brem and its potential exclusive benefits. With this most recent announcemeent, I would not be surprised to see our US deal fall through, not to mention, eliminate any potential suitors in the European market. While I could see a license for the actual drug (and only the drug) to a company for production/distribution, but by enabling them to the compounds, etc.....it will only destroy the long term value of any future deals.

The fact that PTN management choose to sign this deal does not surprise me in the least, they have always looked at the bark on the tree and not seen the entire forest....

Yet again, another misstep by management....and unfortunately more pain for shareholders/warrants