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So they are basically paying people, in potentially worthless shares, in order to stop being sued. I guess that makes sense because if they are sued then the sh
by PhilWright 10y ago
So they are basically paying people, in potentially worthless shares, in order to stop being sued. I guess that makes sense because if they are sued then the shares will definitely become worthless. This is a cunning move but I would never accept it as an investor. Why accumulate even more shares in a dodgy company when suing might actually result in real cash you can actually spend.
- grawlinson 10y agoNo investor in their right mind will accept this deal. It's a foregone conclusion that Theranos is going under at some stage soon. As you said, the shares are worth jack shit.
- toomuchtodo 10y agoRuport Murdoch just sold $125 million in Theranos shares back to the company for a $1 http://www.businessinsider.com/rupert-murdoch-sells-theranos-stake-2017-3 http://www.businessinsider.com/rupert-murdoch-sells-theranos...
- PhilWright 10y agoStrange deal, I would have held out for at least $100. That would at least have paid for a pizza night at home.
- zrana 10y agoYeah, the whole ordeal is almost comical.
- toomuchtodo 10y agoTax shelter. Can take it as a loss now against other income.