Furthermore, everyone busts on Mooney because the stock is down. No doubt, this is an expensive project, but the technological progress made and the terrific study results are nothing short of amazing considering what he has spent compared to others, such as Dexcom. Not to mention, he recruited two top execs from J&J with no balance sheet at the time. Very impressive. Now, with 4 or so mil in the bank and the credit facility in place, I would expect a tremendous year. I think he has done a great job, taking a pink sheet company with only a concept at the time to a Nasdaq listed, high volume company with numerous successful studies, a tremendous staff and huge potential. Give the guy a break. I've seen Carmelo Anthony booed during hard times, but nobody booing could ever score 45 points in the NBA. It's never as easy as it looks, but great things lie ahead.
Do you have any idea how ridiculous you come across in calling Echo a "high volume" stock? What the hell are you talking about! I happen to like the stock and the company, but you are completely ignorant if you can not see how poorly Mooney has run this company. It has succeeded in spite of him, not b/c of him.