ECTE recently recruited Marshall Deweese with 16 years of experience from Abbott Labs. Why is this announcement so significant? He lead the industrial design, mechanical engineering, and manufacturing of handheld portable glucose meters at Abbott Labs.
Think about this question - Why would Marshall who had a Director position at Abbott Labs which sales were $35.1 billion in 2010 join a risky company such as ECTE with 158K in sales and posted a loss last quarter? He sees enormous potential in ECTE that you and I can't see from the surface. This stock may not go anywhere until FDA approval, but its worthwhile owning a small position so you don't miss the next 10-bagger.