Replies to post #710 on Palatin Technologies Inc. (PTN)

[RFB]

The 1 Million was given to them months upon months ago. Might try to keep up on the news a little better and strongly recommend you take a look at their burn rate. 1M lasts them a month....let me say that again....a month. At current burn rate, they are out of capital late this year or early next. Even with the partnership, that will only pay for the Phase III. They have to get a move on or dilution is a formality....I would argue it already is...just depends on the partnership and any capital they get upfront...