Replies to post #5949 on Echo Therapeutics Inc fka ECTE

[Ace2727]

I may join or file a shareholder lawsuit or an action in bankruptcy court on behalf of the shareholders.
I may not have to pay legal fees.

I am also looking into the viability of a lawsuit against Robert O’Mahoney. Probably as part of the same action. Does that make you nervous?

Also what ever happened to that NDA? That was just made up wasn’t it?

[USOB]

@ramad, @Ace2727
If this is the case, it sounds to me like this was PP and MTIA's intention from the start. It is certainly PP's modus operandi that needs the help of a foreign entity like MTIA to complete the scam. I wouldn't be surprised if Alan is involved and has never attempted to negotiate a deal in good faith on behalf of the shareholders.

[hemopure36]

Still awaiting clarification as to whether Ramad has or has not ever held shares of ECTE. Ramad has stated both yes and no regarding this question. Which is it? At which pont was Ramad lying?

[Ace2727]

This is exactly the type of post that we need to look out for with ramad. Where he says he is "hearing things" implying that he has insider information. Then he offers this insider information to the board. He has done this many times. Often he creates a false deadline and keeps harping on that deadlines again and again to drive down the price of the stock. Then the deadline passes and nothing happens so he creates a new deadline.

I think that one of the more egregious things was the discussion of the non disclosure agreement. He said he was hearing things, offered some information and said he was bound by a NDA so he could not offer any more. But then he kept posting.

The NDA might have all been a farce to give his posts more credibility, so people would think he is heavily connected to the company or one of the note holders. That way people would believe his posts more and he could further drive down the price of the stock. These are the type of things we should be taking notes of.

Also the board might want to take a look at DDbuyers posts over at ECTE revivalist. I have always found him helpful.

[Lintin]

"Instead they will just let the company fold. The creditors will go to court and put in their claims against echo. No one at Echo will argue against any legitimate claims because they have no money to pay the legal fees."


Hopefully not, but if this is the case, then their plan (probably for some time) would be to let Echo die and spin off another company with the major share holders still holding onto the IP. It would be an attempt to continue the technology under another umbrella, since Echo has too much baggage and history to attract investors.

Anyone think similarly?