InvestorsHub Logo
icon url

$oldier Hard

09/30/14 8:11 PM

#326460 RE: TeamTOC #326457

Thx, it was lucky. I've had it on watch for about a month now and caught the PM volume but was lucky like I said.

Regarding ECTE. It's been in trouble imo. While SPEX I feel was an orchestrated fund move to allow them to get out and SPEX to begin to sell that had decent news on the 22nd I believe ECTE hasn't had very good news lately as far as I can see. This was printed on the 29th for ECTE and volume today was light. About 25% of it's avg 10 day volume while SPEX yesterday was above avg 10 day at the time.

Echo Therapeutics Suspends Operations on Cash Concerns
http://finance.yahoo.com/news/echo-therapeutics-suspends-operations-cash-204503265.html

This would be a catalyst for ECTE if it could come to fruition with their 12.5 mil float.
Echo Therapeutics’ management was in talks with Platinum Management (NY) LLC and other members of its investor group that would be willing to fund the company’s operations. However, despite weeks of discussions, no credible financing transaction could be reached.

If I was in I would probably wait a bit longer to see if they can find someone to fund their operations but not seeing a move without it imo.