4 ms·

It's interesting that in the midst of all this, Holmes is carving out time to host a Hillary fundraiser[1]. I almost wonder if we'll see the government/militar

by tenpies 10y ago

It's interesting that in the midst of all this, Holmes is carving out time to host a Hillary fundraiser[1]. I almost wonder if we'll see the government/military magically acquire her company at a pre-scandal valuation in a couple of months. --- [1] http://www.recode.net/2016/3/14/11586966/theranos-ceo-elizabeth-holmes-is-holding-a-hillary-fundraiser-with http://www.recode.net/2016/3/14/11586966/theranos-ceo-elizab...

SmokyBorbon 10y ago
Only thing that can save her is a presidential pardon.
simplemath 10y ago
How exactly is that interesting, or relevant?
- bduerst 10y ago
  It's not, but it's election season and certain voters like to wax-vitriol about opposing candidates.
apsec112 10y ago
Not going to happen. Bureaucrats aren't CEOs, they can't just unilaterally spend billions of dollars. The money would have to be appropriated by Congress, and the chance of Congress doing that in the current environment is about 0%. Whoever sponsored the bill would get raked over the coals for years.
- cylinder 10y ago
  Didn't DoE give a loan to a solar startup?
trhway 10y ago
>I almost wonder if we'll see the government/military magically acquire her company at a pre-scandal valuation in a couple of months. no chance. They already tried to sell the tech to DOD in 2012 and that failed spectacularly in the best style of "Pentagon Wars". https://www.washingtonpost.com/news/wonk/wp/2015/12/02/internal-emails-reveal-concerns-about-theranoss-fda-compliance-date-back-years/ https://www.washingtonpost.com/news/wonk/wp/2015/12/02/inter... As i see it it was the beginning of the end as it seems to me that it was the only real business plan they had and it failing forced them to pivot to try to produce at least something for consumer market. Btw, the 4 star Marines general they have on the board is the one who was using his position back then to push the deal through.

by tenpies 10y ago

SmokyBorbon 10y ago

Only thing that can save her is a presidential pardon.

simplemath 10y ago

How exactly is that interesting, or relevant?

bduerst 10y ago
It's not, but it's election season and certain voters like to wax-vitriol about opposing candidates.

apsec112 10y ago

Not going to happen. Bureaucrats aren't CEOs, they can't just unilaterally spend billions of dollars. The money would have to be appropriated by Congress, and the chance of Congress doing that in the current environment is about 0%. Whoever sponsored the bill would get raked over the coals for years.

cylinder 10y ago
Didn't DoE give a loan to a solar startup?

trhway 10y ago

>I almost wonder if we'll see the government/military magically acquire her company at a pre-scandal valuation in a couple of months. no chance. They already tried to sell the tech to DOD in 2012 and that failed spectacularly in the best style of "Pentagon Wars". https://www.washingtonpost.com/news/wonk/wp/2015/12/02/internal-emails-reveal-concerns-about-theranoss-fda-compliance-date-back-years/ https://www.washingtonpost.com/news/wonk/wp/2015/12/02/inter... As i see it it was the beginning of the end as it seems to me that it was the only real business plan they had and it failing forced them to pivot to try to produce at least something for consumer market. Btw, the 4 star Marines general they have on the board is the one who was using his position back then to push the deal through.