After reading TFA, it seems like the company runs like a cult of personality of Ms. Holmes. Their answer for every objection is to impugn the integrity or intelligence of the person who raised the issue. Their remembrance of the facts diverges wildly from the first hand accounts of their critics. Whenever they mention Ms Holmes odd behavior, they basically make the No True Scotsman defense, that Ms Holmes would never do that. That is classic cult-like behavior.
I can't get my head around how they raised so much money with nothing but the most basic outline of an idea and not even an original one. Score one for political connections.
I smell something funny, but I don't think they have a test for that at Theranos.