Replies to post #2678 on Palatin Technologies Inc. (PTN)

[RFB]

I dont doubt that...goes without saying given the large run up it had in price. To my earlier posts...most of the latest warrants have conversion at .70/.80....Given the last two placements....see it settling down around these prices and consolidating for a while/foreseeable future. It needs to consolidate to be healty for any future moves....News changes all, always said that, but given the drug application is not anticipated until early 2018 and then takes 6-10 months to approve, see no near term drivers of value....simply they are burning cash setting up other drugs for advancement and we will see how fast Spana can burn through this pile of money.....if he can burn it fast enough to destroy future value for shareholders...