Danger,
I have zero doubt there is an unmet need...ZERO. Palatin's problem is warrants and a bloated warrant share structure. Currently, common shareholders are paying for this bloat with a watered down result on the licensing deal. Until these warrants are converted, or as the company should have done with some of the 60M, bought out/repaid, common will continue to experience dilution with an increase in the float...
What Spana fails to realize is he sent a clear message to any common by his unwillingness to pay back some of the warrant with the capital...that being, he does not care about the common shareholder! Plain and simple....accordingly, they are giving him the PPS they feel he deserves...
Spana and management can not continue to shat on the common and think they are not going to realize that is starts to smell a bit here in the PTN house...
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