Echo Therapeutics Inc fka ECTE

[ramad]

@FLAVIKER, Ramad knows that if echo is in default of the note due to the courts granting bankruptcy the noteholders retain the assets of Echo. Which include the patents and technology of the CGM. It is clearly written in the note what the noteholders are entitled to.
If you do not know bankruptcy law it is wise not to spew what you think which is garbage and mislead the members of the board and show your ignorance.

No company that Ramad spoke to in the medical device technology field would make an investment in the milions knowing that the noteholders are in control except MTIA which most likely their investors are also taking a pass and has another agenda. Ramad can site 3 very strong reasons why MTIA would not fund echo. MTIA with a very large stake in Echo must have clearly thought it through to fund or not to fund.Determining which would be more beneficial to them.


It would behoove Alan to get in touch with apple and show them all their technology that possibly might work in conjunction with their technology. Even if echo files for bankruptcy Echo can still reorganize if they can get limited funding to keep the doors open to make a deal for royalties. Platinum is the collateral agent for the note. If echo can secure a deal prior to the courts finalizing bankruptcy Platinum will not grant the note being in default.