If Alan can cook up (Or the MIT person he has been talking to) a presentation with using the gel technology for drug delivery, it is very possible they could spark a flame. Controlled insulin absorption. Someone could throw a bone which would allow him to ramp back up the CGM product.
I just don't think there is any trust left under the Echo name, with PP attached to it. There is probably a mile long list of vendors that are owed money.
Interesting note. @Ramad, do you have any info about this MIT person that was brought on? I have a feeling Alan has used him in the past... the "silver bullet".
Drive a startup to it's knees, get loaded on stock, then bring in an expert to try to bring the company back to life.
