Echo Therapeutics Inc (ECTE) – A Stock With No Revenue And A Short Catalyst
Platinum Partners is the largest investor in Echo Therapeutics (common, warrants, pref and debt). Below is the author's take on the stock itself, but it raises some bigger questions regarding Platinum such as:
- why was platinum (a $1 billion fund) repeatedly investing in such a micro cap stock.
- How did Platinum value its investment in the warrants and preferred as there is no “market” for these illiquid investments. As you know there were some questions about how Platinum valued some of its other investments . . .
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