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If it's true that they own about 1k patents it may look like a sweet deal for some big pharma corporation to buy the whole company and shut it down. Thats the only small light on the horizon imho...

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The optics of that deal might not look that good for the buyer though. Essentially you'd be buying a fraud.

Would Fortress Inv. get the patents if the loan is defaulted on? And in that case, wouldn't they be buying from them instead of outright from Theranos?

I don't get how Holmes is still CEO. I really don't get that.

Probably because the Board can't find anyone better to take over this sinking, toxic ship. Sometimes it's just that simple.

Maybe Shkreli when he comes back from jail.

> Probably because the Board can't find anyone better to take over this sinking, toxic ship.

Well, not without paying them cash money that they don't have. I can't imagine anyone taking an equity-heavy compensation package.

No one capable is going to gamble away their career on this unless they'd be sure to end up with many millions in their bank account.

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