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No 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.

Ruport Murdoch just sold $125 million in Theranos shares back to the company for a $1

Strange deal, I would have held out for at least $100. That would at least have paid for a pizza night at home.

Tax shelter. Can take it as a loss now against other income.