Echo Therapeutics Inc fka ECTE

[ramad]

The board neglects the fact MTIA poured millions of dollars into echo as an investment without any collateral as well as PP in good faith that in conjunction for the purpose that a non invasive CGM could be developed.
On the last raise of over $5M the major investors requested collateral for the money to protect a portion of their investments in echo. That is a normal practice of investors. Echo did not sell out the company as one posted. The results of the CGM just did not come out as Echo envisioned.

All the shareholders had the opportunity to read the the terms and conditions of the note.If they felt that the risk was to high that Echo can produce a CGM within a years time knowing that their was a very good chance that echo would not be able to satisfy the note when it came due.

All the shareholders made their own decision on their own to hold, buy or sell their shares knowing the best and worst outcome.

The only valid complaint that a share holder might bring up is did Echo management make the right decisions and go in the right direction in developing the CGM.

It did not workout and now you bitch that the noteholders are stealing the company for a few million dollars. That the noteholders conspired to break Echo. The noteholders would be far better off if Echo was successful in a commercialized CGM.

Their is alot of blame to go around but you can not blame the noteholders taking action on the agreement they made with Echo. It's strictly business and many of you are taking it personally.