Post: #176

It's funny to see her fail, if you look at her much praised older interviews:

Post: #177

(06-03-2016 10:06 AM)spacetime Wrote:  It's funny to see her fail, if you look at her much praised older interviews:

Barbara Corcoran from Shark Tank said she never invest in rich kids startup because they have the opportunity to fail

Quote:To Corcoran, an entrepreneur from a wealthy family doesn't need to start a business to make a living, and that is a critical difference when things inevitably get difficult. She believes that if you have a safety net, you won't be willing to do whatever it takes to succeed.

http://www.businessinsider.com/shark-tan...ds-2014-12

Post: #178

I just realized why Holmes wears the turtleneck... it's not the Steve Jobs effect of not having time to focus on different outfits and focusing on innovation instead, but rather, it's a clever way to cover up that Adam's apple. Seriously, she sounds like the guy talking to her in this interview...

Post: #179

Turtlenecks are great for those older chicks who get facelifts.
Yet don't do anything about their visibly aging & withering necks.

Post: #180

(06-03-2016 07:28 PM)CynicalContrarian Wrote:  Turtlenecks are great for those older chicks who get facelifts.
Yet don't do anything about their visibly aging & withering necks.

This combination

Flower summer scarf plus sunglasses to cover neck wrinkles and crows feet

Post: #181

1. Wears a pantsuit (how many heterosexual women wear these?)
2. Hands in her pockets (how many heterosexual women stand this way?)
3. Deep voice
4. No husband, kids, boyfriend, etc.

Do the math, do the homework.

Post: #182

Backup plan =admitting to failure? Eh? Every military leader throughout history has made use of layers of backup plans - must have been awkward for the ones who never had to use them, yet won. She's too young and sheltered to know what she's talking about in any leadership arena.

Post: #183

And that's how the cookie crumbles...

The End: Theranos CEO Elizabeth Holmes Banned For 2 Years From Entering A Lab

Quote:We appear to be entering the final chapter of the fraud known as Theranos which at one point captured Wall Street's eye with the promise of unwarranted character affiliations and humorous magazine photo shoots.
Theranos founder and chief value pillager Elizabeth Holmes, who saw her net worth vanish from $4.5 billion to zilch, has been banned for two years from owning or even operating any sort of medical laboratory.

Last night on the company website Theranos notified investors that it "received notice from the Centers for Medicare & Medicaid Services regarding the imposition of sanctions arising from the 2015 survey of its Newark California laboratory."

The sanction Theranos lists from the CMS are as follows:

Quote: –Revocation of the laboratory’s CLIA certificate which, as dictated by the regulations, includes a prohibition on owners and operators of the lab from owning, operating or directing a lab for at least two years from the date of revocation
–Limitation of the laboratory’s CLIA certificate for the specialty of hematology
–A Civil Money Penalty
–A Directed Portion of a Plan of Correction
–Suspension of the laboratory’s approval to receive Medicare and Medicaid payments for any services performed for the specialty of hematology
–Cancellation of the laboratory’s approval to receive Medicare and Medicaid payments for all laboratory services

Not much of a shock considering the once over-valued but always full-of-lies startup blood testing company had recently voided years of lab results because all tests using proprietary technology were bullshit.
What we've said previously on the matter:

Quote: "Theranos' insane 'valuation' was achieved on the basis of doing only 6% of blood tests in house (all of them erroneously, we now learn), and outsourcing 94% to companies whose products actually worked and many of whom likely had a far lower valuation that the one at which a bunch of idiot billionaires 'valued' Holmes worthless company."

Further, Holmes' new 2 year ban comes on the heels of not only her firm's lack of due diligence during a period when the firm garnered a ridiculous $9 billion valuation, but also on the heels of a fawning media and drooling celebrity base that included the Clintons.
And now for risking roughly 900K lives each year on a bonk premise of real testing even though all tests were garbage, Ms. Wanna-Be-Steve-Jobs will be banned from entering a lab for 2 years.

Quote:Full Release:

Palo Alto, CA — July 7, 2016 — Theranos today announced it received notice from the Centers for Medicare & Medicaid Services (CMS) regarding the imposition of sanctions arising from the 2015 survey of its Newark, California laboratory.

Those sanctions include:
–Revocation of the laboratory’s CLIA certificate which, as dictated by the regulations, includes a prohibition on owners and operators of the lab from owning, operating or directing a lab for at least two years from the date of revocation
–Limitation of the laboratory’s CLIA certificate for the specialty of hematology
–A Civil Money Penalty
–A Directed Portion of a Plan of Correction
–Suspension of the laboratory’s approval to receive Medicare and Medicaid payments for any services performed for the specialty of hematology
–Cancellation of the laboratory’s approval to receive Medicare and Medicaid payments for all laboratory services

“We accept full responsibility for the issues at our laboratory in Newark, California, and have already worked to undertake comprehensive remedial actions.
Those actions include shutting down and subsequently rebuilding the Newark lab from the ground up, rebuilding quality systems, adding highly experienced leadership, personnel and experts, and implementing enhanced quality and training procedures,” said Elizabeth Holmes, Theranos founder and CEO. “While we are disappointed by CMS’ decision, we take these matters very seriously and are committed to fully resolving all outstanding issues with CMS and to demonstrating our dedication to the highest standards of quality and compliance.”
While the revocation would not take effect for 60 days, the company will not conduct any patient testing in the Newark lab until further notice.
During this period, the company will continue to work with CMS to resolve and remediate outstanding issues in the Newark lab, and will continue to provide services to its customers through its Arizona lab.

About Theranos
Theranos, Inc. is a consumer health technology company founded in 2003 by Elizabeth Holmes. Theranos’ mission is to make actionable information accessible to everyone at the time it matters most. By doing so, Theranos is working to facilitate the early detection and prevention of disease and to empower people everywhere to live their best lives.
Theranos offers lab tests in convenient locations in its Wellness Centers in Arizona and California.

Media Contact:
Theranos Public Relations
[email protected]

Post: #184

Only part of our concern should be that she deceived the public. The other part should be that the media bought her story, didn't do any questioning or research, and made her a star.

Besides the countless articles written about her, she made the cover of four major business magazines (below). So far, none of her media cheerleaders have issued apologies as far as I know. Nor have there been any resignations from reporters who wrote those glowing cover stories.

My guess is that her story -- which was cooked up by public relations experts -- fit the media's narrative too well for them to want to question it. It's sort of like the UVA "rape" case. It was so good they had to write it up, even if it wasn't real.

If the media can bungle a story this bad, what else are they mis-reporting to us? What else have they gotten completely wrong?

Back in 1967, only one rock music writer gave a negative review to the Beatles Sgt. Pepper album: Richard Goldstein of the Village Voice. Goldstein spent more time explaining himself and issuing "mea culpas" to his critics than any writer of these cover stories did. And all he did was write a record review.

   

Post: #185

On the bright spot, I see a lot of blue pill corporate types now questioning the media specifically because of Theranos. They can't believe that such an obvious fraud had so little actual journalism done on it. Not much of course but you know the proverb about the mustard seed...and this visibly terrible journalism that impacts a lot of bluepill types is that mustard seed.

Post: #186

Guarantee those same publications won't have her face on its cover with not so nice headlines. She got off lightly without a prison sentence. Pussy pass achieved.

Post: #187

(07-08-2016 05:36 PM)Days of Broken Arrows Wrote:  Only part of our concern should be that she deceived the public. The other part should be that the media bought her story, didn't do any questioning or research, and made her a star.

False Success Allegations. The media always buys them.

Post: #188

"Banned from entering a lab for two years"

What a total crock of shit. What kind of punishment is that for this kind of outrageous, calculated fraud? Even more galling because this woman doesn't even work in a fucking lab! She's not a scientist, she's an executive (or more accurately, a professional bullshitter and con artist) and was engaged in executive-level activities (wooing investors, attending board meetings, making media appearances, etc...). This "punishment" would be akin to a professional baseball player getting a two year suspension from the PGA tour after being caught juicing. What the fuck?

Honestly, I think this situation is just too embarrassing for way too many people. They want to simply flush Theranos down the memory hole as quickly as possible and forget it ever happened. There are so many journalists and investors sitting around with egg on their faces after this fraud came to light. To make an example of her by prosecuting her only serves to highlight how egregiously these "experts" fucked up.

But in sum, I still think this is one of the most hilarious stories in years. I can't get over the sheer chutzpah of this woman. The Steve Jobs turtlenecks get me every time. That was literally all she had going for her: bullshit and a black turtleneck. And look how many people fell for it. I laugh every time I think about it.

Post: #189

(07-08-2016 06:29 PM)scorpion Wrote:  But in sum, I still think this is one of the most hilarious stories in years. I can't get over the sheer chutzpah of this woman. The Steve Jobs turtlenecks get me every time. That was literally all she had going for her: bullshit and a black turtleneck. And look how many people fell for it. I laugh every time I think about it.

To the educated person, she was about as convincing as that sign language interpreter from Nelson Mandela's funeral.

Post: #190

(07-08-2016 05:36 PM)Days of Broken Arrows Wrote:  Only part of our concern should be that she deceived the public. The other part should be that the media bought her story, didn't do any questioning or research, and made her a star.

Besides the countless articles written about her, she made the cover of four major business magazines (below). So far, none of her media cheerleaders have issued apologies as far as I know. Nor have there been any resignations from reporters who wrote those glowing cover stories.

My guess is that her story -- which was cooked up by public relations experts -- fit the media's narrative too well for them to want to question it. It's sort of like the UVA "rape" case. It was so good they had to write it up, even if it wasn't real.

If the media can bungle a story this bad, what else are they mis-reporting to us? What else have they gotten completely wrong?

Most of what mainstream media is reporting are just lies that fit the narrative

Post: #191

(07-08-2016 07:51 PM)Space Cowboy Wrote:  

(07-08-2016 06:29 PM)scorpion Wrote:  But in sum, I still think this is one of the most hilarious stories in years. I can't get over the sheer chutzpah of this woman. The Steve Jobs turtlenecks get me every time. That was literally all she had going for her: bullshit and a black turtleneck. And look how many people fell for it. I laugh every time I think about it.

To the educated person, she was about as convincing as that sign language interpreter from Nelson Mandela's funeral.

I was gaming a deaf, insanely hot, fitness model. She asked me what I did for a living.
I told her I used to be Nelson Mandelas sign language translator but I get fired.
She nearly died laughing.
Had the bang in the bag right there. Classic stuff. That guy seriously gave not one lone, solitary fuck.

Post: #192

I've seen Enron scam and other large bitcoin scams being perpetrated upon the public,
over the years.

The people who were actively promoting the scam during the success / good massmedia articles
period of time of the scam,

were often the same ones saying afterwards "It was such an obvious scam.
Any educated person saw the hundreds of red flags.
All these fools idiots deserved losing their money!"

Post: #193

(07-09-2016 09:35 AM)AboveAverageJoe Wrote:  I was gaming a deaf, insanely hot, fitness model. She asked me what I did for a living.
I told her I used to be Nelson Mandelas sign language translator but I get fired.
She nearly died laughing.
Had the bang in the bag right there. Classic stuff. That guy seriously gave not one lone, solitary fuck.

Hot deaf chicks are an unappreciated bang demographic.

I've installed braille throughout my apartment to make it easier to bang them.

Post: #194

(07-08-2016 06:29 PM)scorpion Wrote:  "Banned from entering a lab for two years"

What a total crock of shit. What kind of punishment is that for this kind of outrageous, calculated fraud? Even more galling because this woman doesn't even work in a fucking lab! She's not a scientist, she's an executive (or more accurately, a professional bullshitter and con artist) and was engaged in executive-level activities (wooing investors, attending board meetings, making media appearances, etc...). This "punishment" would be akin to a professional baseball player getting a two year suspension from the PGA tour after being caught juicing. What the fuck?

Honestly, I think this situation is just too embarrassing for way too many people. They want to simply flush Theranos down the memory hole as quickly as possible and forget it ever happened. There are so many journalists and investors sitting around with egg on their faces after this fraud came to light. To make an example of her by prosecuting her only serves to highlight how egregiously these "experts" fucked up.

But in sum, I still think this is one of the most hilarious stories in years. I can't get over the sheer chutzpah of this woman. The Steve Jobs turtlenecks get me every time. That was literally all she had going for her: bullshit and a black turtleneck. And look how many people fell for it. I laugh every time I think about it.

Post: #195

this "punishment" is laughable and means absolutely nothing, compared to what level of destruction she has caused in medicine and technology

Post: #196

Although I agree the punishment is laughable, can they legally do anything more? Hopefully someone with a law degree can chime in, but I would imagine that unless you can prove malicious intent to defraud investors, how do you prosecute/punish someone more severely?

Post: #197

You just know if it were a guy CEO fucking up like this, his face would be all over the covers of publications, electronic and in print, regardless of the level of media embarrassment at their own lack of due diligence.

What's more is she will more than likely reappear in some other arena, elevated again by her fawning connections in DC and Silicon Valley. No guy would ever get a second chance like she is about to get. Stay tuned for the allegations of misogyny that pushed her over the edge, intimidation by male billionaire investors, etc. etc. Just wait, it's still being processed.

As for what else they can do in terms of punishment, it looks mostly civil right now. If any customer can prove they were harmed by the bullshit tests conducted by Theranos, that's a major lawsuit waiting to happen. There's also the matter of whatever disclosure did not happen as per contractual agreements along the way - I'm sure every vendor she's ever dealt with is looking into potential lawsuits and/or termination of contracts based on breach. If she lied somewhere in the process for a loan, stock offering or other financial arrangement that could lead to criminal prosecution, but since the company never actually went public and all the funding looks private, there may not have been any laws broken.

It also doesn't look like she was stupid enough to lie to federal investigators or she would have been charged with that by now. The minute the consequences of continuing the scam got serious, she backed down.

Post: #198

(07-10-2016 02:10 PM)Suits Wrote:  

(07-09-2016 09:35 AM)AboveAverageJoe Wrote:  I was gaming a deaf, insanely hot, fitness model. She asked me what I did for a living.
I told her I used to be Nelson Mandelas sign language translator but I get fired.
She nearly died laughing.
Had the bang in the bag right there. Classic stuff. That guy seriously gave not one lone, solitary fuck.

Hot deaf chicks are an unappreciated bang demographic.

I've installed braille throughout my apartment to make it easier to bang them.

Would be hilarious if deaf people used Braille.

Post: #199

The Theranos hype could very well just be the result of a soft IPO market in tech.

Post: #200

Having globalist war criminal Henry Kissinger on the board of directors probably helped keep her out of jail. I'm sure the right palms were greased.