Echo Therapeutics Inc fka ECTE

[ramad]

Reliable sources confirmed that echo is asking previous note holders and others they can each invest up to $250,000. The note can be called on Dec 11th for payment.
My question is that echo knows that they do not have the funds to pay back at this current time if one or more of the note holders requested to redeem the note on Dec. 11th. I am sure they can not use the proceeds they get from the note to pay back any note holder who calls in the note. Therefore, either echo knows that the negotiating parties will finalize a deal by that time or can one think this could be considered a Ponzi Scheme. Finding another investor to pay off another investor.

What investor would make such an investment knowing they do not have the funds and no collateral if any one calls in the note in 3 weeks Echo can not inform any of the participants of the note that they will have the funds available in the event any of the investors decides to call in the note. That would be considered inside Information unless echo discloses it publicly to all the investors that a deal was finalized. C

Unless I am missing something echo is making a risk that none of the participants will call in the note. Now is that acting in the best interest to the shareholders risking a possible default and possible filing for bankruptcy. For some unknown crazy reason they need a large amount of money immediately believing they could finalize a deal prior to the note being callable.
Can anyone shed any other explanation for a 3 week note that as of today they can not pay back if called back on its due date.