I used to trust their reports, but I question the timing of this inaccurate report today. Echo will file the CE mark as planned before this year and will file an amendment after the product enhancements are made. The amendment does not require an entirely new trial as reported by Life Tech. This does however, delay the FDA trial until the G2 enhancements are made.
Life Tech has followed Echo for years and they do a good job. If they are bearish then they have a good reason. Read the whole report and they make sense. Management said the device has problems and needs work and the acetiminphen thing is a problem. The company has no leadership and has to do a secondary. Everyone here called me a liar when I said a secondary was coming and now the company has filed a S1 for a secondary. Take your head out of the sand or you will lose a lot of your money in this stock.
At their last offering, it was obvious based on cash burn that capital would be needed by year end or early Q1, i'm certain I posted this conclusion. Nothing's changed. They should take Platinum's suggestion and partnered instead of crushing shareholder's once again. How much can raise this time? How far will it get them?
I couldn't agree more with you. They (along with their paid bashers) scare people to sell their shares to buy them cheap. The recent news is absolutely right on the money... I am in at 4.10 (11200 shares) and I am not going to sell under $15 by mid 2014... but I believe they will get bought out; that explains the historic spike in volume for seven days in arrow. Smart and big investors are already are buying and holding.
the one thing in commons with the posters who say they "believe" is they bought a lot higher than the current share price and they won't change their minds as the value of their holdings plummets. you are down a buck fifty on 11,200 shares and still havent figured this out yet? lol