Echo Therapeutics Inc fka ECTE

[seeker_of_value]

God. Once again. And not only that at such a low price compared to market price. What is going on with this company? Don't the officers have ownership? This will drop the price below 75 cents. Why are they doing it?

The only explanation I can figure out is that the company projects huge expenses ahead. They must have cash available to meet them. The brokers told them that such a big cash need cannot be met without a big discount to the market value. So the company is doing it since they need the cash desperately. The officers will probably revalue their options so it will not be a big loss to them. The only losers are current shareholders.