The tone of the press release is very strange. There's no acknowledgement of how much trouble the company is in, no acknowledgment of the loss of confidence on

The tone of the press release is very strange. There's no acknowledgement of how much trouble the company is in, no acknowledgment of the loss of confidence on the part of their key distribution partner (Walgreens), no acknowledgement of the fact that they need to be more open and transparent, no acknowledgment that the CEO is under investigation and might be banned from the industry, and no hint of contrition for the missteps that took them to this point. Sunny Balwani has "retired" with a glowing testimonial from the board. Admitting you have a problem is the first step in fixing the problem. Theranos have yet to admit that they have a problem. I find it astonishing that, despite their regulatory challenges, they haven't found someone with a background at the Centers for Medicare & Medicaid Services to join their Board. If Theranos were a public company, I suspect Holmes would have been ousted by now. At the very least, she should step back and appoint an interim CEO (who has experience in this sector) until the ban question is resolved. Refusing to do so lends credence to the accusation that she is incompetent.