Replies to post #5992 on Echo Therapeutics Inc fka ECTE

[Flaviker]

The question is whether to increase the shares in circulation is needed most of the current shareholders or ALAN can increase when they want the volume of shares from 12 to 100 million ????
The doubt I have is that, can do it without consulting anyone or not ???

[ramad]

Flaviker, PP does not have 80% of the note. If an invester wanted to buy PP part of the note he still does not have majority. What idiot would do that. If anything an invester would have to buy out the whole note for about $6M. That will also not happen. The noteholders are in control and they will workout a deal whereby they will benefit from Echo's technology. The noteholders will restructure the note with any new partner. Why would any invester want to deal with Echo's baggage such as paying Hollander 400,000, and any shareholders suit as well as millions of shares that could be sold by the executives and board members.