Fool me once?

Julie Omohundro I'm not sure it even rises to that level, Joe. First time around, investors were supposedly fooled into thinking the company had technology that would revolutionize lab testing. Now it doesn't seem to have anything to fool anyone with.

Ginger Cantor I agree Joe. What the ...? At least I think my retirement funds are not co-investing with Fortress..... But I am not there is another Elizabeth Holmes shyster out there and maby venture capitalists who are distracted by young things in black turtle necks.

James Bell, MBA Pretty ridiculous, isn't it?

Weirdest investment story ever and look like it just got even weirder

Julie Omohundro I'm not good with this stuff, butthe article says that Fortress is "set to be acquired by Japan's Softbank." Could this be some kind of strategic move related to that acquisition?

Austin Walters It's just a loan to keep them solvent through 2018, but I hope they use it well. There’s still a lot of promise in Theranos IMO

Whhhaaatt? How did they get more money?

Julie Omohundro OK, so maybe it would be useful to the acquisition to make a bad loan that can be written off as a loss later, perhaps after the acquisition has been finalized? Any corporate finance gurus in this crowd want to take a stab at this one? It could be just a cigar, but it could also be a laser.

Dave Gaisser It's their money, but why bother with Theranos until they can actually prove they can do something for themselves. I would think Fortress could have done much better by investing is several new technology start-ups.

$100MM In new funding. Amazing! What was that that PT Barnum said?

Gavin Ritz Amazing

Its shocking when there are good companies like mine looking for capital.

If you think this is the best $100 million bet you can make, you might be better off just going to the horse track and betting it all on the ‘mudder’ in the 7th race! Sometimes you need to look past the spreadsheet.

Unbelievable. Proof that whoever said “you can fool some of the people all of the time” was right.