Echo Therapeutics Inc fka ECTE

[ramad]

@usob, in the scenario their would be new management. PP woud not be a majority holder. PP has ownership only due to the note but has no say or representation on the board. The terms of the note would be very favorable that if they were successful the conversion to shares would give them about 15 to 20% control.


The software is no problem when they have all the technology.

MTIA agreement with echo could be a court battle. Ramads council believes that if echo remains in good standard with the state they are incorporated although it might be a shell they would be entitled to royalties from MTIA. Being Echo lost their rights to their technology the new company would be free to make new partnerships whereby echo would not share in any royalties.