Echo Therapeutics Inc fka ECTE

[seeker_of_value]

This early exercise of over-allotment seems positive to me. First, it means that all shares on sale at 0.95 got bought without any problem. Secondly, there was a 45 day waiting period for exercise of over-allotment. In fact they did not wait for 45 days, instead exercised it on day 1. That means that there is good demand for ECTE shares at 95 cents.

I wonder who is able to buy these shares. It was said in the press release that the offering was to general public. However, I never see any way to buy such offerings. Maybe they are only offered to institutional investors.

Seeker