@HEMOPURE36, Ramads postings were all public knowledge. Your lack of due dilligence and reviewing Echo's press releases as well as the CEO presentations clearly indicated that Echo had real problems. Some examples below that indicated the above.
Firstly, Echo not making any formal release that the target date was changed from July to oct for the clinical trials to start or why 5he delay. It was only posted on the milestone sheet that was shown and told on the CEO presentation. If you did not go back and review the milestone sheet you would not know that it was changed very shortly after he made the presentation First clue that Echo had a problem with the CGM
SECONDLY, Echo did not make any statement after the new deadline had passed to start the clinical trials. As a matter of fact the CEO did not want to confront the issue even though shareholders asked him as to why the delay. Big red flag thst Echo had problems.
THIRDLY, The firing of the CEO. That always triggers that the company had internal problems.
FOURTHLY,MTIA not giving Echo the funds after Echo won the suit against them. Everyone knew without he funds Echo had limited time to keep operating.
FIFTHLY, when Echo made knowledge with the charts of the data of the CGM on their last presentation they did not disclose that the data was based on one person using the CGM to derive the data. That is not a reliable sample for the data and could be somewhat deceiving. If you did your due dilligence you would ask the CEO or email the CEO as how many people were involved to gather that data which was made public comparing it to Dexcom.
SIXTHLY, upon doing your due diligence their was never a firm committment from MTIA or a penalty clause if MTIA did not make the payment accepted by the agreement between Echo and MTIA. Being they had a counter offer by another party that they turned down to accept MTIA offer. Once again the lack of Echo management to act in a prudent matter to protect themselves in the event MTIA reneged
Just a few examples and their are many more Ramad could sight that gave strong indications that Echo was on a path to failure.
Ramad hopes that the above will help you in your forensic analysis. You can only blame yourself for not doing your due dilligence. It was all infront of you but you just did not see it or did not want to believe it. If you spent as much time regarding Echo as you are with Ramad you would see all the red flags to the demise of Echo.
