Echo Therapeutics Inc fka ECTE

[ramad]

@merlin 11, it's very simple. Alan makes a deal with MTIA for funding, or some other outside investor would fund Echo. Will the SEC grant echo an extension for the year end audit and 4th quarter filing is not a given. If not granted it will be curtains very shortly thereafter if not funded.

Ramad believes that Besser group would wait to echo files bankruptcy and make a run at Echo in a plan for reorganization.
It will be very difficult for anyone to make a run at echo because the noteholders own the assets of the company. They will have to be satisfied for anyone to get echo's technology and patents. Ramad believes that if Besser group gets involved echo will no longer exist and could be merged into another company to avoid any lawsuits or be a private company. What the shareholders would receive is nothing or very little.

MTIA, Platinum and Besser group together have the vast majority of the note. They can be talking among themselves what would be best play for themselves if echo gets or does not get funded.

The shareholders best hope is that Alan through the kitchen sink at MTIA as stated in my previous message whereby it was an offer they could not refuse.