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Theranos Offers Shares for Promise Not to Sue
- moomin 10y agoAnd if you think that's a good deal, I've got a bridge you might be interested in.
- fnbr 10y agoWhat value do the shares have? Isn't Theranos going bankrupt?
- simplicio 10y agoIt's closed its labs and fired much of the staff, so it seems likely it'll go bankrupt, but I don't think they have yet. But I guess from the perspective of an investor, you can either wait and try to spend money hiring lawyers to sue a broke company for a judgement they won't be able to pay you anyways, or you can take more shares in the .001% chance that they'll somehow rise from the ashes and you'll get some non-zero payout.
- seehafer 10y ago"One person familiar with the matter said Theranos now has about $150 million or less in cash, excluding the ($40 million) debt" You can run a company for quite a while on $110M, even in Silicon Valley.
- throwaway40483 10y agoIt's still surprising to me how well they've been holding up in their Glassdoor reviews: https://www.glassdoor.com/Reviews/Theranos-Reviews-E248889.htm# https://www.glassdoor.com/Reviews/Theranos-Reviews-E248889.h... The PR department must work overtime to scrub any negative reviews.
- ceejayoz 10y ago"Sorry we dumped a pile of shit on you. Would more shit help?"
- seehafer 10y agoLate stage investors evidently think they're pot committed.
- colinplamondon 10y agoThat or $0.02 on the dollar in bankruptcy court.
- neonnoodle 10y agoThey are also offering $100 bills with Elizabeth Holmes' face on them.
- uwootm8 10y agoWe'll offer you a fraction of zero if you agree not to sue us Brilliant