Fortress Investment Group Eyes Troubled Investment In Theranos

The chief executive officer of Theranos, Elizabeth Holmes, has issued a warning to the company’s investors that the company is in danger of a loan default as a result of delays to Zika virus assay. Holmes is hoping that investors will choose to rescue the company and avoid have Theranos suffer a cash crunch by the end of July.Holmes gave investors a written account of a $65 million loan the company received from Fortress Investment group a little less than a year ago. Fortress also offered another $10 million to Theranos providing that the company successfully gained a clearance for the marketing of a Zika virus assay in either the United States or Europe. Theranos would need to have gained the clearance in the first half of the current year in order for their business plan to pan out but that does not look likely at this time.A major concern for Holmes is that she expects the cash reserves for Theranos to be less than $3 million in July which is problematic due to a clause in the company’s loan contract with Fortress to maintain a $3 million liquidity level.

The loan goes into default if Theranos does not maintain this $3 million threshold.In the event of default, Fortress Investment Group could choose to take over Theranos which would negatively affect the amount of return that could be distributed to shareholders. One projected scenario would be for Fortress to oversee a sale of Theranos. This would put investors in a quandary as they would be left to divide what is left of the sale to recoup some of their $700 million in investments.Faced with the very real possibility of a bad investment becoming considerably worse, Holmes is optimistic that investors will see the wisdom of providing Theranos with the needed funds to avert a cash crunch. Holmes knows that what she is asking of investors is not easy for them to stomach but says they now have a chance to secure a major stake in the company at a buyer’s price. Holmes has responded to the pending cash crunch by attempting to cut expenses and has had to lay off non-essential staff. Only personnel involved with the legal, administrative, and financial teams, along with the central pieces of the technology staff are guaranteed to keep their jobs.

About Fortress Investment Group

Fortress Investment Group is a management firm specializing in global investments. The company provides clients with a wide-range of expertise in investment strategies including credit, equity from private sources, liquid markets, private equity, and asset management services.Learn More.

Top Forex Broker AvaTrade Review

AvaTrade emerged in 2006 before becoming the leading regulated forex broker today. Forex is difficult to understand with so many trading back and forth with foreign currencies and comprehending time zones around the world. Some people might have a lot of experience in trading, but you won’t become a pro right away with Forex. What AvaTrade will provide for you is tailor-made trading solutions, no matter your previous experience or knowledge with any other forex broker. AvaTrade will also equip you with many resources rather its training traders or their premium educational materials to help you develop your trading skills. On AvaTrade’s educational website, they will provide you with one of kind materials for the advanced trader or even just starting out as a beginner. You have the choice in utilizing their ebook and video tutorials to learn the forex trading strategies step-by-step to make you an expert.

 

The benefit to this is, once you learn the ins and outs of trading, AvaTrade will help you avoid financial losses that will hit your pocket, in-turn assist you with gaining the highest profit as possible. There are countless of brokers online, and with using AvaTrade, you’re going to know what you’re getting as soon as you use their platform. Many brokers out there do no not give that experience to trade with confidence and ease, however, AvaTrade does well with handling currencies in the country that you reside, so no worries there.

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AvaTrade will provide you with best times to trade and will not hesitate to answer any questions you might have pertaining to them. With no robots involved, you will be able to receive the answer to any question when it comes to trading. So If you are considering making a certain trade, AvaTrade is a great platform that sets them apart from the rest.

Ted Bauman Discusses The Future Of Bitcoin

Bitcoin is growing rapidly. More and more people are using Bitcoin. People are investing in Bitcoin. However, Ted Bauman explains that Bitcoin has a big problem. If the way that Bitcoin works does not change, then in a few years, when everyone uses Bitcoin to pay for their transactions and their purchases, problems will arise. For example, a transaction may not go through until 20 minutes after you wanted it to go through. If you have to pay to get into somewhere, this will be a major problem.

The problem is that unlike the credit card companies, the decentralized Bitcoin platform cannot do as many transactions at once. Visa can handle hundreds of thousands of transactions in just a few seconds. However, Bitcoin can only handle a few dozen. This means that if a lot of people are doing transactions with Bitcoin, they will have to wait until the transaction goes through. This is certainly the case when mining happens. According to tedbaumanguru.com, Bitcoin mining is when the decentralized Bitcoin platforms create new Bitcoins. The fact is that the average Bitcoin transaction takes at least a few minutes to process. Last year, it was even worse, as many transactions took almost 3/4 of an hour to process.

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If Bitcoin is to grow into a real currency, then it needs to be able to work just like a currency works, which means that it needs to be able to be used for transactions in real time without many people waiting for it to process. However, Ted Bauman says that there are a number of solutions.

One solution would be to reduce the amount of data in each Bitcoin mining block. However, issues with security may arise. That is why some people have been using the hard fork technology to duplicate the transactions with a new data block. Because it is a different technology, they called it Bitcoin Cash on tumblr.com. In fact, although Bitcoin went down in value last week, Bitcoin Cash has been rising. Bitcoin Cash has its problems too, so it is likely that other forms of hard forking will arise.

Ted Bauman is the editor of The Bauman Letter and Alpha Stock Alert. He has been with Banyan Hill Publishing for many years. Banyan Hill Publishing helps protect assets and manage investments. They started in 1998 as The Sovereign Society, and their focus is on self-reliance and sovereignty in investing.

See more: http://thesovereigninvestor.com/precisionprofits/ted-bauman/