Echo Therapeutics Inc fka ECTE

[seeker_of_value]

In my opinion the letter released today was negative. We had hoped that the company may not have to run a trial to achieve European certification. The letter clearly says that we will need a trial. I hope the required trial is short. Secondly I was hoping for European rollout by mid year. The letter says expect that by end of 2013. So I think the morning rally was overblown. The stock will come back down once people understand the implication of the letter. Still I think 2013 will turn out to be a pivotal year for Echo. We may not see European rollout by end of the year, but it should be close. The company seems to be playing conservative in the letter. They have set low end goals and I hope that is with the expectation of exceeding all the goals set forth in the letter.

Seeker