Echo Therapeutics Inc fka ECTE

[ramad]

@littin, in response to your question what is the next best step for the common shareholder.
The ideal situation is that a shareholder finds a company to fund Echo which is a pipe dream.
Secondly, it would probably be best that a shareholder sit tight and do nothing including not going forward with a class action suit against Echo.

As long as Echo is still a viable entity Alan will pursue all avenues to cash in on his outrageous compensation of shares by trying to get funding or some type of partnership with another company that the noteholders would agree to withhold taking any action to call in the note.
It is in Ramads opinion the noteholders will give alan some time to exhaust every possible means to find a new partner or funding. It would not be a surprise if PP the collateral agent is communicating with Alan in his pursuit to that endeavor. Upon any class acton suit against Echo game over for shareholders and no one will get involve with Echo and the noteholders will prevail in court receiving echo's technology. The ball is in alans court and he has every incentive to get echo back on its feet.