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Echo Therapeutics, Inc. Message Board

maynardgkrebbs66 3 posts  |  Last Activity: Mar 21, 2016 12:11 PM Member since: Jan 26, 2013
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  • Reply to

    Good Report

    by jobe1098 Mar 15, 2016 5:25 PM
    maynardgkrebbs66 maynardgkrebbs66 Mar 21, 2016 12:11 PM Flag

    Agreed. That's why I rated it a "Buy" in spite of greedy current lenders. Those lenders own a lot of stock. If they would facilitate the re-structure instead of continually taking their pound of flesh, the stock would go up at least 500%. But that would make too much sense.

    Sentiment: Buy

  • Reply to

    Good Report

    by jobe1098 Mar 15, 2016 5:25 PM
    maynardgkrebbs66 maynardgkrebbs66 Mar 17, 2016 5:44 PM Flag

    You are correct. But a $500,000 penalty coupled with the now-astronomical debt service weakens ATEC financially and makes it more difficult for ATEC to get a tenable re-structure done with a new senior lender.

    Sentiment: Buy

  • Reply to

    Good Report

    by jobe1098 Mar 15, 2016 5:25 PM
    maynardgkrebbs66 maynardgkrebbs66 Mar 17, 2016 11:27 AM Flag

    Sorry Jobe, the key announcement was that Deerfield and Mid-Cap are only letting the default slide until later this year. In the meantime, ATEC gets to pay $500K for the pleasure and pay untenable debt service along the way, and they have been completely unsuccessful in finding a new senior lender. Until they get their nuts out of the greedy fists of the current lenders, the stock ain't going nowhere.

ECTE
1.54-0.10(-6.10%)May 5 3:59 PMEDT