Echo Therapeutics Inc fka ECTE

[ramad]

Ramad believes a good case can be made being PP and MTIA have a very huge stake in Echo. It could very well be that PP or MTIA has an invester in the waiting for Echo to declare bankruptcy.

That invester would give very favorable terms with the note holders to form a new company. PP and MTIA together are the majority noteholders and would agree. The new invester together with the noteholders would own all the technology and pattens of Echo. That new company would have the rights of the technology to form a partnership with another company such as apple to develop the Non invasive CGM. Basically the new company would be receiving royalties whereby the new investor also would not need a large amount of investment capital. MTIA still maintains the rights to sell it in China.

It would not surprise Ramad that one of the principals of PP is actively seeking such an investor with all their contacts.
This scenario also would possibly bailout PP paying back the money to the PP investors if they are successful in the development of the CGM.

This could be the reason MTIA has not funded Echo. Unfortunately it does not benefit the shareholders.

Just an opinion from Ramad based on how things are unfolding at Echo.