Echo Therapeutics Inc fka ECTE

[ramad]

Everyone should calm down. No one is going to do prison time. You can put a claim against the company and if they have no money you get nothing. If you file a suit against the individuals you must have conclusive info that they did not act in the best interest of the company and that is a very tough undertaking. Fraud would be even harder to proove.
If echo goes under I am sure many shareholders will file a complaint to the SEC with supporting documents that the BOD and CEO did not comply to the rules and regulations as a reporting company.They will undertake an investigation and if they believe any of the parties did not adhere to the regulations they will never be able to hold an executive position in a public company. If they believe fraud was involved they will hand it over to the DA office for them to decide to prosecute. The more complaints filed to the SEC would get their attention.