Echo Therapeutics Inc fka ECTE

[ramad]

Lets narrow it down. When can a judge over rule a companies decision as to which companies they make agreements with. Besser plan was never signed. Bessers funding has more delusion than platinum.
Besser funding $5M 35 cents A share and 50% warrants.
Platinum funding $5M 45 cents a share and 20% warrants.

As to echo's intellectual property amendment that will be a good argument if echo violated the previous agreements with noteholders and MTIA. Intellectual property must be clearly defined and specified. Being I have not seen all the documents relating to this issue echo might have a lot of lead way as to what they are willing to give up to get MTIA cfda approval.I view it even if MTIA gets the info they still have an agreement to only sell in China. Based on people familiar with algorithms codes can be retrieved.They still would need the algorithms to commercialize the CGM.

As to who lied to whom or who is telling the truth I have no idea.

Is it sour grapes on the Bessers group that they did not get the funding and by their actions can drive echo to cease operations. I have not read that if Besser was to do the funding will they keep echo intact and not merge it into one of their companies that they have a major interest.
My opinion is that Bessers group motive is to get control of echo and merge it into one of their companies as mentioned above. That is why the dilution factor would not matter to them as it should under normal circumstances. They wanted to get as many shares as possible. One of the companies that they could possibly merge it into is trading around $1.90. That would mean about about a 5 1/2 shares of echo to 1 share of the new company. This does not favor the common shareholders.

I agree that the Besser group would be far better in running the company and agree with them with a 5 member board with 2 independent board seats which echo was not in favor. I would be inclined to favor the Besser group if they put in a clause that they would not dismantle or merge echo in any companies that Besser has an interest.

Let's see if the Judge will ask all the parties to try to work it out and come to an agreement and if they can not I will see you in court and I will render a decision.
I do not believe the judge wants to make a decision until he knows that all the parties really tried to come up with an agreement that both sides can live with.