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I am astounded that anyone would touch Theranos with a 100-mile pole. Their claims about their super-special tech were deliberately misleading, taking advantag
by CptFribble 9y ago
I am astounded that anyone would touch Theranos with a 100-mile pole.
Their claims about their super-special tech were deliberately misleading, taking advantage of the general public's lack of medlab knowledge. They never released details of their "miracle" tech, and even if their claims were true, Holmes' entire "vision" fundamentally misunderstood the lab business and the way data and decisions flow from patient to doctor.
Maybe there's some savvy investing trick going on behind the scenes that I don't understand, but as a former medical lab professional everything about Theranos was giant red flags from the beginning.
- hkmurakami 9y agoPerhaps their assets are north of $100m and this debt is senior to all equity.