Hard to believe anyone was willing to sink $100 million into this fraud story at this point.
I have to wonder if the angel investor group just wants to grab the patent library (if it really is valuable), and will pull the plug within a matter of months, before their $100 million can be consumed...???
That's an investment more fraught with peril than Bitcoin. Or state lottery tickets. Or emu farming. Or betting that Hillary will get elected in 2020. Or...
Naturally, though, there are strings attached — Fortress wants to see a return on its investment.
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I realize I am probably overthinking this BUT if you or I were to make (or receive) a 100 mil loan, is the lender seeking a return something to ridicule or take lightly?
OR are these people so naive (I am being polite) that they figure it is just play money?
Indeed - my understanding was Theranos’ claim of being able to do hundreds of immediate analysis done with just a pinprick wasn’t just faulty, it was a complete fraud.
do they actually have a working product?
They should rename to Theranos Blockchain if they want money.
Elizabeth Holmes should be in jail rather than continuing to run this fraudulent company. What kind of an idiot would throw $100m at this?
Fraud is fraud but for me the most insulting little aspect of all this were those stupid black turtlenecks and her completely Shameless and unoriginal aping of so many Steve Jobs-isms.
It was like a little girl playing house or dress up in mommy’s clothes and jewelry, but with a lot of abuse and needless browbeating flown in on the side.
I’m clapping my hands with Glee until finally the whole house of cards Falls in on itself.
justice has been slow but in the end there absolutely will be JUSTICE.
Usually when there are claims that a CEO is evil I smell a leftist lie, but in this case it’s all absolutely true.
I hate that b*tch.
Hard to believe anyone was willing to sink $100 million into this fraud story at this point.
...
My only guess for an explanation is the political connections.