Replies to post #3058 on Echo Therapeutics Inc fka ECTE

[seeker_of_value]

I called Trout, but nobody picked up the phone. Platinum has given a very short deadline (we had Labor day weekend in the middle). Management must be working hard to form a response. Given that Platinum made the offer publicly, management must also respond publicly.

In any case Platinum's deadline is 5 PM today. So the management will probably respond after the market closes. Trout is not picking up the phone probably because they cannot tell the investors anything new until the press release is made after close. In this case, management can (1) Reject Platinum's proposal (2) Accept the proposal or (3) Make a counter offer or (4) Most likely ask Platinum for more details.

In my opinion Platinum proposal looks very fair on the surface since it leaves details to be worked out afterwards. An intelligent board will ask Platinum to provide further details with the intention of accepting a fair proposal.

Seeker