Fri, Sep 19, 2014, 10:04 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Palatin Technologies Inc. Message Board

  • drewbraverman1263 drewbraverman1263 Mar 1, 2013 3:20 PM Flag

    Warrent Situation

    can someone explain the warrent situation would not those added shares flood the market

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Drew,, It was disappointing for a big seller to come in to take advantage of the big volume. On the bright side, When the stock breaks out above 70 cents soon, that stock won't be in the way..

      Warrants are not a problem. The dilution is already priced into the stock.the only warrants that could be exercised belong to QVT, exercisable at one cent.. George was claiming that QVT was exercising and trading the stock That is nonsense. QVT has not exercised any warrants. If they do, they won't be selling any stock in the foreseeable future.They are a long term holder and may play a role in the companies future.

      The next warrants are exercisable at $1. Some of the institutions that were holding the units have already sold their stock and are riding with the warrants. No one is going to exercise those warrants until the stock is well over $1 or getting close to expiration.

      There are some small issues of warrants exercisable above $2 and $3. If that happens fresh capital will come in to the company and we will be making money.

      Phil

      Sentiment: Strong Buy

    • From the 8K
      On July 2, 2012, Palatin Technologies, Inc. (the “ Company ”) entered into a purchase agreement (the “ Purchase Agreement ”) with funds under the management of QVT Financial LP (collectively, the “ QVT funds ”) relating to the issuance and sale for $35,000,000 of 3,873,000 shares of the Company’s common stock, par value $0.01 per share (“ Common Stock ”), Series A warrants (the “ Series A Warrants ”) to purchase 31,988,151 shares of Common Stock, and Series B warrants (the “ Series B Warrants ” and together with the Series A Warrants, the “ Warrants ”) to purchase 35,488,380 shares of Common Stock.



      The Series A Warrants are immediately exercisable at an exercise price of $0.01 per share, subject to adjustment, and expire ten years from the date of issuance. The Series B Warrants are exercisable at an exercise price of $0.01 per share, subject to adjustment, if and when the Company’s stockholders increase the number of its authorized shares of Common Stock (the “ Authorized Share Increase ”), and expire ten years from the date of the Authorized Share Increase. The holders may exercise the Warrants on a cashless basis. The Warrants are subject to a blocker provision prohibiting exercise of the Warrants if the holder and its affiliates would beneficially own in excess of 9.99% of the total number of shares of common stock of the Company following such exercise (as may be adjusted to the extent set forth in the Warrant).

 
PTN
0.9347+0.0447(+5.02%)Sep 19 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.