Theranos Offers Shares for Promise Not to Sue (wsj.com)

It's closed its labs and fired much of the staff, so it seems likely it'll go bankrupt, but I don't think they have yet.

But I guess from the perspective of an investor, you can either wait and try to spend money hiring lawyers to sue a broke company for a judgement they won't be able to pay you anyways, or you can take more shares in the .001% chance that they'll somehow rise from the ashes and you'll get some non-zero payout.

"One person familiar with the matter said Theranos now has about $150 million or less in cash, excluding the ($40 million) debt"

You can run a company for quite a while on $110M, even in Silicon Valley.

It's still surprising to me how well they've been holding up in their Glassdoor reviews:

https://www.glassdoor.com/Reviews/Theranos-Reviews-E248889.h...

The PR department must work overtime to scrub any negative reviews.

That or $0.02 on the dollar in bankruptcy court.