Echo Therapeutics Inc fka ECTE

[ramad]

Based on echo monthly expenses after they dramatically cut expenses the $250.000 they received would last them to about Oct 21st if they are paying their bills and normal saleries. The last I heard about 10 days ago echo had 10 people still working at the lab. I also believe echo by that time would have to demonstrate to the investor (mtia) that they have a workable CGM that will meet the requirements to go forward with the clinical trials if not they will not give the additional necessary funding to operate. This is the only logical reason I can think off as to why the investor(s) has not closed the deal.Why echo has not made any public statements to the shareholders regarding the events in the past several weeks is questionable to their fiduciary responsibility.