1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

From $4.5 Billion To Nothing

Discussion in 'BlackHat Lounge' started by blogzandstuff, Jun 3, 2016.

  1. blogzandstuff

    blogzandstuff Elite Member

    Joined:
    Jan 1, 2015
    Messages:
    5,771
    Likes Received:
    2,665
    Occupation:
    blog creator
    Location:
    UK
  2. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

    Joined:
    Mar 10, 2010
    Messages:
    16,724
    Likes Received:
    30,760
    Occupation:
    Selling CPA Sites
    Location:
    Not England
    Home Page:
    I'm pretty sure that would leave a mark.

    "Theranos shares are not traded on any stock market"

    Had they gone public she could have cashed in some shares and put a bunch of cash in her pocket. A bit short sighted in my opinion (which is worth less than 2 cents) for someone smart enough to get a 9 Billion dollar evaluation.
     
    • Thanks Thanks x 1
  3. blogzandstuff

    blogzandstuff Elite Member

    Joined:
    Jan 1, 2015
    Messages:
    5,771
    Likes Received:
    2,665
    Occupation:
    blog creator
    Location:
    UK
    Yes, she owns ordinary stock but investors have preferred shares, she's stuffed basically
     
  4. Floopa75

    Floopa75 Jr. VIP Jr. VIP

    Joined:
    Feb 6, 2014
    Messages:
    843
    Likes Received:
    729
    Gender:
    Male
    The way she acts and talks screams someone who is on the brink of meltdown. Wouldn't even trust her to hand me my coffee
     
  5. eelajt

    eelajt Jr. VIP Jr. VIP Premium Member

    Joined:
    Apr 3, 2011
    Messages:
    266
    Likes Received:
    120
    Gender:
    Male
    Occupation:
    Money Maker, Content Creator, Procrastinator
    Location:
    Sweden
    Well, when you live in a world where you value theoretical estimated future earnings of an unknown market, you're bound to get grounded at some point.
     
  6. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

    Joined:
    Mar 10, 2010
    Messages:
    16,724
    Likes Received:
    30,760
    Occupation:
    Selling CPA Sites
    Location:
    Not England
    Home Page:
    You're too young to drink coffee anyway.
     
    • Thanks Thanks x 4
  7. blogzandstuff

    blogzandstuff Elite Member

    Joined:
    Jan 1, 2015
    Messages:
    5,771
    Likes Received:
    2,665
    Occupation:
    blog creator
    Location:
    UK
    Ithink it got hyped up and now reality has set in " private investors purchased stakes in 2014 at a price that implied a $9 billion valuation for the company "
     
  8. pjcheme

    pjcheme Newbie

    Joined:
    Nov 18, 2015
    Messages:
    38
    Likes Received:
    6
    I think going public would've exposed them quickly, the kinds of audits and compliance checks would be hard to fool I believe.
     
  9. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

    Joined:
    Mar 10, 2010
    Messages:
    16,724
    Likes Received:
    30,760
    Occupation:
    Selling CPA Sites
    Location:
    Not England
    Home Page:
    I've taken a company public and things are a lot more lenient than you think.

    You bank if you do it right and you stay 100% safe as well.
     
    • Thanks Thanks x 1
  10. blogzandstuff

    blogzandstuff Elite Member

    Joined:
    Jan 1, 2015
    Messages:
    5,771
    Likes Received:
    2,665
    Occupation:
    blog creator
    Location:
    UK
    Maybe you should have advised her, looks like she got bad advice
     
    • Thanks Thanks x 1
  11. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

    Joined:
    Mar 10, 2010
    Messages:
    16,724
    Likes Received:
    30,760
    Occupation:
    Selling CPA Sites
    Location:
    Not England
    Home Page:
    If advised her she would have gotten bad advice too.

    A 9 billion dollar company has no business asking me for advice if they have even a semblance of gray matter.
     
    • Thanks Thanks x 1
  12. blogzandstuff

    blogzandstuff Elite Member

    Joined:
    Jan 1, 2015
    Messages:
    5,771
    Likes Received:
    2,665
    Occupation:
    blog creator
    Location:
    UK
    it sounds like way too many jumped on the bandwagon, there is no comment from the company ( wonder why? )
     
  13. onelettershor

    onelettershor Supreme Member

    Joined:
    Aug 4, 2015
    Messages:
    1,302
    Likes Received:
    447
    Gender:
    Female
    Location:
    Land of sheep
    and yikes..

    I was upset about losing $2 the other day.
     
  14. Floopa75

    Floopa75 Jr. VIP Jr. VIP

    Joined:
    Feb 6, 2014
    Messages:
    843
    Likes Received:
    729
    Gender:
    Male
    She should just pivot and make Thermoses and Thermometers. It's what I originally thought the company was about when I read "Theranos".

    Silicon Valley comes up with the worst names
     
  15. KenTZ

    KenTZ Regular Member

    Joined:
    Jan 28, 2015
    Messages:
    418
    Likes Received:
    223
    Is there any tangible impact on her lifestyle? Because none of that was in cash.
     
  16. blogzandstuff

    blogzandstuff Elite Member

    Joined:
    Jan 1, 2015
    Messages:
    5,771
    Likes Received:
    2,665
    Occupation:
    blog creator
    Location:
    UK
    it depends how much she actually invested herself, as she founded the company i would think setting up a company like that would be a large investment
     
  17. mickyfu

    mickyfu Jr. VIP Jr. VIP

    Joined:
    Dec 14, 2011
    Messages:
    7,218
    Likes Received:
    20,779
    Occupation:
    King Of Crypto C
    Location:
    Solihull Young Offenders
    Pump and dump....
     
    • Thanks Thanks x 2
  18. pewep

    pewep Power Member

    Joined:
    Nov 3, 2008
    Messages:
    659
    Likes Received:
    2,764
    Gender:
    Male
    Occupation:
    Yogi-In-Training
    Location:
    U.S.
    This is straight propaganda meant to discredit her.
     
  19. JustUs

    JustUs Power Member

    Joined:
    May 6, 2012
    Messages:
    626
    Likes Received:
    585
    From what I read, she is still worth 800 million. So, I have to agree with Pewep that the claim of 4.5 billion to nothing is propaganda.
     
    • Thanks Thanks x 1
  20. pewep

    pewep Power Member

    Joined:
    Nov 3, 2008
    Messages:
    659
    Likes Received:
    2,764
    Gender:
    Male
    Occupation:
    Yogi-In-Training
    Location:
    U.S.
    Seriously man..
    Let's ask a simple question - does she have $1 on her?
    What about $1000?
    What about $1,000,000?
    What about $10,000,000?

    Obviously she still has money, what's the point of this stupid piece except to be sensationalist and tank the company? It's true that she has ordinary stock but even in a worst case scenario, her shares are NOT worth $0! I think this was paid for by some competing entity.