Platt confirmed no talks had taken place amongst the City hierarchy and a final decision would not be made until all relevant parties had an input into discussions.
However, whilst City do have grievances over the manner in which Balotelli's alleged stamp on Scott Parker has been dealt with, Platt accepted the slow-motion pictures "do not look good".
"We are likely to be without a player for four games," said Platt.
City have until 6pm on Wednesday to make their decision. If it is decided to accept the ban, Balotelli would be suspended for Wednesday's Carling Cup semi-final second-leg at Liverpool.
However, if he appeals, though the Italian forward could play on Wednesday, he runs the risk of having his suspension increased to five games.
And, as City failed to overturn a four-match suspension for Vincent Kompany earlier this month for a far less obvious incident against Manchester United, it would appear they have little chance of success anyway.