Reality-Distortion Field Fails for Theranos

[thriftyandboringinohio]

Theranos is officially dissolved. Investors have officially lost a billion dollars.
Elizabeth Holmes may soon need to cosplay Steve Jobs from a prison cell, making black turtleneck sweaters out of jailhouse art supplies.

https://www.usatoday.com/story/money...ve/1199850002/

...Theranos collected a distinguished board of advisers and investors including Rupert Murdoch, former secretary of state Henry Kissinger, Oracle founder Larry Ellison, Netscape founder and venture capital investor Marc Andreessen, former U.S. Sens. Sam Nunn and Bill Frist, former secretary of defense William Perry and current Defense Secretary James Mattis, who resigned from Theranos' board when he become defense secretary in 2016....

...Shareholders will get a copy of the certificate of dissolution, for use for tax loss purposes...

Elizabeth Holmes pictured holding what Theranos creditors will receive.

Daniel Bently @DJBently

https://pbs.twimg.com/media/DmTFODbX0AAawtz.jpg

[dcarrigg]

Re: Reality-Distortion Field Fails for Theranos

Theranos is officially dissolved. Investors have officially lost a billion dollars.
Elizabeth Holmes may soon need to cosplay Steve Jobs from a prison cell, making black turtleneck sweaters out of jailhouse art supplies.

https://www.usatoday.com/story/money...ve/1199850002/






Elizabeth Holmes pictured holding what Theranos creditors will receive.

Daniel Bently @DJBently

https://pbs.twimg.com/media/DmTFODbX0AAawtz.jpg

The tip of a very big, possibly multi trillion dollars iceberg, if you ask me. Nothing special or unique about it. It's the new Rice a Roni.

[Mega]

Re: Reality-Distortion Field Fails for Theranos

Its shocking.......i fancy her

[dcarrigg]

Re: Reality-Distortion Field Fails for Theranos

Its shocking.......i fancy her

[Mega]

Re: Reality-Distortion Field Fails for Theranos

Er...............i had a "thing" for her as well!............love "J" girls

[thriftyandboringinohio]

Re: Reality-Distortion Field Fails for Theranos

A small bit of news today for Elizabeth Holmes; apparently she is dead broke.
Her attorneys have requested permission from the judge to resign because they have not been paid

... according to ... the Mercury News, Holmes' lawyers have asked a judge to let them quit the case. They're claiming Holmes is not paying them. "Ms. Holmes has not paid Cooley for any of its work as her counsel of record in this action for more than a year," lawyers Stephen Neal, John Dwyer and Jeffrey Lombard said in the filing obtained by the newspaper. "Further, given Ms. Holmes's current financial situation, Cooley has no expectation that Ms. Holmes will ever pay it for its services as her counsel."..

[GRG55]

Re: Reality-Distortion Field Fails for Theranos

"What goes around, comes around"

[Mega]

Re: Reality-Distortion Field Fails for Theranos

Did she think she so how "invent" or did she just lie from day one.

No money?..........er well there is one "profession" she could try

[jk]

Re: Reality-Distortion Field Fails for Theranos

elizabeth holmes [broke and facing criminal charges]

adam neumann [but he walked away with $700 million - he was smart enough to cash in a bit BEFORE the public got a look at the books, and no legal charges to date. no criminal fraud, just selling a dream.]

elon musk [when? what will he get to keep? civil suits of course, he's got that already about solar city. but anything criminal?]

[Mega]

Re: Reality-Distortion Field Fails for Theranos

Elon is different
"They" got his back & the normal car producers where too slow to see the danger.
Tesla is not there to a viable company long term, its a short term project to force the car market to EV.

Very sadly Tesla battery tec (un like Nissan) is not dying (in large numbers) ........VW etc are now being forced to go down the EV path.

Mike

[GRG55]

Re: Reality-Distortion Field Fails for Theranos

Elon is different
"They" got his back & the normal car producers where too slow to see the danger.
Tesla is not there to a viable company long term, its a short term project to force the car market to EV.

Very sadly Tesla battery tec (un like Nissan) is not dying (in large numbers) ........VW etc are now being forced to go down the EV path.

Mike

Nobody can "force" the car market to do anything. No demand, no business. For any product.
At present there is demand for EVs. Among other things, it takes government disincentives for ICE vehicles (petrol taxes, carbon taxes, etc) combined with government subsidies for EV to drive that demand. And even with those policies EVs are still a limited availability luxury product requiring higher than average income buyers.

The "tipping point" for EV will occur when: a) there's a large and convenient charging network in each region/city (just one of Elon's mistakes); b) the range improves enough owners don't feel compelled to continue to own a second, ICE vehicle as "backup" (surveys show an overwhelming majority of EV owners/households also continue to own one or more ICE vehicles); c) the purchase cost premium over a comparable ICE vehicle narrows from where it is today.

it will happen in due course, and the adoption curve of EVs will "suddenly" steepen, then skyrocket. The question is will Tesla survive long enough to participate? For a bunch of reasons I've been doubtful of that for a long while. But if I am wrong Tesla's current stock price might look like a real bargain some day.

[Mega]

Re: Reality-Distortion Field Fails for Theranos

Yes, but WHY are goverments SO keen to go "EV" ?
I mean is this fear of "peek oil"?
We having a "war" on Plastic, it comes from oil, to me a Layman all of a sudden the message is "Oil bad".

Now given as EJ said some years ago that you can't run nation without oil, to buy Oil you need $ or Gold.....simple as that.
Don't wish to go all "Alex Jones" but with the $ in question as the world reserve currency SUDDENLY WE NEED TO GO GREEN!

Much more to this I think.....
Mike

[jk]

Re: Reality-Distortion Field Fails for Theranos

Nobody can "force" the car market to do anything. No demand, no business. For any product.
At present there is demand for EVs. Among other things, it takes government disincentives for ICE vehicles (petrol taxes, carbon taxes, etc) combined with government subsidies for EV to drive that demand. And even with those policies EVs are still a limited availability luxury product requiring higher than average income buyers.

The "tipping point" for EV will occur when: a) there's a large and convenient charging network in each region/city (just one of Elon's mistakes); b) the range improves enough owners don't feel compelled to continue to own a second, ICE vehicle as "backup" (surveys show an overwhelming majority of EV owners/households also continue to own one or more ICE vehicles); c) the purchase cost premium over a comparable ICE vehicle narrows from where it is today.

it will happen in due course, and the adoption curve of EVs will "suddenly" steepen, then skyrocket. The question is will Tesla survive long enough to participate? For a bunch of reasons I've been doubtful of that for a long while. But if I am wrong Tesla's current stock price might look like a real bargain some day.

don't fuel cells make a lot more sense as a longer term solution? i know there's a distribution system lacking, but that's also almost as true for ev's. and batteries have the problem of high weight, degredation from the heat they generate, sensitivity to cold, and slow recharge.

[GRG55]

Re: Reality-Distortion Field Fails for Theranos

elizabeth holmes [broke and facing criminal charges]

adam neumann [but he walked away with $700 million - he was smart enough to cash in a bit BEFORE the public got a look at the books, and no legal charges to date. no criminal fraud, just selling a dream.]

elon musk [when? what will he get to keep? civil suits of course, he's got that already about solar city. but anything criminal?]

https://www.profgalloway.com/mdma

[Mega]

Re: Reality-Distortion Field Fails for Theranos

Meantime back in Blighty

https://www.telegraph.co.uk/business...-crisis-looms/