Echo Therapeutics Inc fka ECTE

[ramad]

That might not be necessary correct that echo owns the patents The notes that were issued last year in Jan and late May were collaterized by echo's technology It could be very well contested that the patents for the technology was included. What good is the technology without the patents.
ECho is in a very difficult situation if they fail to raise sufficient funds to either rollover the note or buy back the note. MTIA prior to the Besser groups suit was offering the not holder an option to rollover or be bought out plus working capital to complete their CGM.

Presently MTIA's prior offer has not been offered to Echo and the clock is ticking.
Their are several scenarios that could be played out by MTIA. One being let the notes defAult and echo would file for bankruptcy to reorganize and MTIA being the largest note holder could make an offer to the note holders andget full control of the technology for a few million dollars. It's a big gamble because in the wings their might be a an outsider that would offer considerable more for the technology and MTIA would end up with nothing.

The shareholders would have to hope that echo is still intact to have any market value. It will be interesting how the knuckleheads making the decisions will prevail.So far they have shown to be incompetent with their decision going forward with the lawsuit without any commitment from MTIA. WHAT STUPIDITY.

It's like a chess game as to how the parties will maneuver. Perhaps management is better in chess.