InvestorsHub Logo

USOB

05/23/17 4:09 PM

#6166 RE: ramad #6165

@ramad
I was just letting off some steam. I understand that Echo is now a shell that will disappear on the Pink Sheets. Alan can sell his recent grants of ~ $72k for $288k at current pricing. Not bad for leaving the keys on his Iselin office desk and close the door as he exited the building! I am no longer bitter. Just took me some time to realize that my blind faith cost me a lot of money!

USOB

05/23/17 6:31 PM

#6169 RE: ramad #6165

@ramad
I failed to mention one more factor that adversely affected the majority of those that invested in Echo. IMHO, after the shareholders voted to replace the Mooney regime with the PP Goldturd puppets along with their MTIA accomplices, the retail investors were fed a steady diet of positive propaganda designed to drive up the share price to a high of $2.839. Then, transparency was intentionally shut off. Milestones were not met. Many of the BOD, auditor & CEO departures as well as the NASDAQ delisting, PP indictment, et al, were not announced per 8-K filings. If they were announced, most of the shareholders would have sold their positions and walked away with dignity as well as a large portions of their initial investments. This, of course, would not have been beneficial to the carefully planned pump and dump scheme that was criminally carried out by PP. This history of corporate pillaging is well documented and is the motus operandi of PP! I won't even attempt to try to piece together all of the other tertiary and complicit accomplices that were crucial to successfully executing this scam!

Now, will all the parties involved in this fraud ever be held accountable? I have no idea what

USOB

05/23/17 7:56 PM

#6170 RE: ramad #6165

@ramad
If Alan refuses to pay the cost of filing bankruptcy, what makes you think that most of us on this board will not pitch in the $2500 to file bankruptcy on behalf of Echo? As shareholders, we do have the right. Now, if this happens, what will become of all of your theories? Imagine! Then bankruptcy will happen and PP & its puppets and MTIA will be tied up in litigation, personal liability & potential criminal charges once a blood-sucking ambulance chaser joins the party! All of their assets as well as Echo's assets could be frozen and be tied up for years! All of a sudden the majority note holders plans could backfire without guarantees to Echo's assets!

If those on this board are interested, let's work together to make this happen ASAP. We would need a person or persons in the NYC area to file in the Southern District of Manhattan. Also, we would need to cover the expenses needed to keep Echo incorporated in Delaware.