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Re: None

Monday, 06/17/2013 9:27:27 AM

Monday, June 17, 2013 9:27:27 AM

Post# of 6386
Echo (ECTE) Downgrade 06-17-13 by LifeTech due to financial mismanagement

http://lifetechcapital.com/ltc/category/covered-companies/echo-therapeutics-ecte/

LifeTech essentially echoes what we have been discussing in this board. Mooney has destroyed this company by mismanagement. That is why I had recommended that the board fire him without discussion. Instead his friends in the board decided to let him continue. Now the company will have to fight lawsuits. The mismanagement is by now obvious.

Still I do not think that the stock will go down further. Mooney may have done a horrendous job of financial mismanagement. However, I still think that given the excellent state of Symphony technology we are way oversold at this point. Once the offering finishes in a couple of days, the stock should bounce up from here. JMHO.

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