If they truly have only $200M cash on hand, no revenue, 220 employees, and nothing set aside for liabilities, then they aren't on life support they are already dead.
Leases on their existing buildings, salary and benefits for 220, capital costs for their 'mini lab', and legal fees to defend their current lawsuit load? The Walgreen's suit alone is asking $140M.
I can't imagine any bank, VC, or even hedge fund going near this. Theranos has to successfully defend all of their lawsuits, execute perfectly on their minilab, and develop enough credibility to actually bring their ideas to market. Any one of those things goes wrong and blam! all that money goes up in smoke.
What I think doesn't matter of course, but I think they would be better off rolling it up, selling off what they can, payout out what they can to their creditors and leaving this chapter behind them. As someone who watched Webvan and Pets.com crash, this one is up there.
Leases on their existing buildings, salary and benefits for 220, capital costs for their 'mini lab', and legal fees to defend their current lawsuit load? The Walgreen's suit alone is asking $140M.
I can't imagine any bank, VC, or even hedge fund going near this. Theranos has to successfully defend all of their lawsuits, execute perfectly on their minilab, and develop enough credibility to actually bring their ideas to market. Any one of those things goes wrong and blam! all that money goes up in smoke.
What I think doesn't matter of course, but I think they would be better off rolling it up, selling off what they can, payout out what they can to their creditors and leaving this chapter behind them. As someone who watched Webvan and Pets.com crash, this one is up there.