Replies to post #2780 on Echo Therapeutics Inc fka ECTE

[seeker_of_value]

No matter how you look at it, the ultimate responsibility is that of Mooney. We do not know the whole story, but whatever it may be, Mooney is the one who is responsible for doing the right thing to keep the company on track. He has clearly not done that. He has created circumstances that have made the company lose its entire market capitalization. Now the market cap stand at about 15 million dollars. It is extremely difficult under these circumstances to raise $10 million that Mooney wants to raise, still Aegis is going around asking investors to raise more money. When your market cap is 15 M and you want to raise 10 M, the investors thing that the company is already bankrupt. In any case all investor equity is already almost lost.

So who is responsible? Clearly Mooney. So in the board meeting tomorrow I hope that the board decided to sack Mooney without much discussion. The proof of his mismanagement is already apparent. He has run the company into he ground. If the board does not do the right thing, all board members and the company will have to fight law suits for may years to come. Is that what a bio tech CEO is supposed to do? Fight lawsuits or bring products to the market?

Seeker

[ou71764]

SBS, it is to your credit that you publicly acknowledged you were wrong. It's rare to see. But your concern is unwarranted. Everyone decides for himself or herself on how to invest. Let's face it, we were all wrong. I have made more bad calls than you could ever imagine. ECTE might not even make my top 5.

And ECTE is still in the game. It might still pay off. True, we are going to get some financing news. I hope it's not too big of a dilution to cause more selling. If it does, so be it.

People shouldn't whine more than once or twice about a bad investment. If they think it's going higher, they should sit and wait, or buy more. If they don't think there's much hope left, then they should sell and move on to an investment they think will move higher.

No one has to try to make back their losses with the same stock that caused them. If anyone has a better investment, sell ECTE and put the money in that other stock instead. At 3.30, I think ECTE is more of a buy than a sell.

[brigar6]

I was one of those starbuxsux, u dont own any blame for anything , it was a recommendation thats it. U never purchased them for me and i think everyone didnt see this coming , ive made money off recommendations also, give/take ying yang :)