T2 Biosystems

I've been approached about an opportunity with TTOO. What does anyone know about this place? Everything I've read tells me they are a risk. Technology sounds interesting but little to no uptake so far, long runway to any adoption, Maybe a year left of cash? Stock just tanked. I'm on contract with someone now and doing. Doing great, but no bennies. Had a convo with the VP Sales and he sounded OK, The only thing this would offer is bennies and a car, but not sure there is anything other than that. The bonus dollars sound "unlimited" but not sure anything they're doing is going to change the curve. Any insights?

 

I also got a call. Sounded good on the surface but when I dug a little deeper, this company is going down fast. This space is so crowded and getting anyone to change is such a long process. CEO is out. Revenue is a fraction of forecast. Stay put

 

run. run far away. Run fast.
BK knocking at the door.


you’ve been warned

 

If you are considering a job here, you are a fool. I know stakeholders at T2. The machine and tests are interesting. But the employees are turning over every 6 months.

The current employees are concerned about their future. To say the least!

They won’t exist in 2021.

 

Wowza. you called it

 

a year?They just fired entire commercial team.Again.Third time in past 6 years?tmporary runway maybe

 

backfilling again Reps are scapegoats at T2
Hire, fire, partially disclose to WS
rinse repeat

 

bunch of suckers giving the CEO a chance to get rich with his $1.03 strike price and 10M stock options

 

As soon as numbers fall and stock goes back to 40 pennies, all 11 (or soon to be 20?) RAMs and all MSLs will get canned. Enjoy your 2 weeks severance. It’s the Sperzel way. Scapegoat until you cash out them there options. Then flee the country.

He had a heart transplant. But unfortunately, his new heart was 3 sizes too small. And it was from a donkey instead of a human. (shrug)

 

Looks like Jason is heading up the next round of layoffs… errrrr…. Rehiring of all the various rounds of fired reps that went before.

Watch out for this guy. You’ve been warned.

Much better off going to a real diagnostic co. Unless you’re unemployed, of course. In that event, keep interviewing while you draw your paycheck. You’ll be covering 3-5 States, minimum. Company won’t have a clue you’re in final interviews with 3 real players in the Diagnostics space. Two weeks notice. And then start your real career.

If you have to take the job as a bridge the gap, enjoy the looks you’ll get from labs while you try to access them during a pandemic. And no. T2 has virtually nothing to do with COVID. Some pretty uninformed investors on the yahoo boards. I made the mistake years ago listening to them. Almost lost the shirt off my back.

And whatever you do!… don’t put T2 anywhere Google will find you. Don’t change your LinkedIn, or any social media. You’ll barely be there long enough to say, “I thought you were ditching the Lyme panel?”

 

hes the best “salesman” you’ll never meet but keeps landing on his feet despite the CEO carousel
Gotta hand it to him milking this penny stock and making good cheddar for what… ten years? Kid has to be related to B. Madoff.

 

And let’s hear it for that stock price! Lol!!!

 

yes INDEED!
New employees are already underwater and they’ve only been there 2 days.

it’s the t2 way!

 

How does the CEO still have a job here? Is this a non-profit?

 

This article sums it up https://seekingalpha.com/article/4537330-t2-biosystems-ttoo-survival-riddle
TWA I mean T2 has very little runway left...burning $15M+ in cash a quarter, sepsis revenue is insufficient to offset revenue burn, instruments are "placed", the company received a 2nd NASDAQ delisting notice on 11/22, and $5MM on the loan covenant. Bankruptcy coming soon.

 

14 new suckers signed on with the Titanic yesterday. Your penny stocks will expire worthless and you’ll all be fired. Soon.
You are simply pawns who will keep Sperzel employed.

Keep interviewing and just bank the T2 checks while they are still clearing.

 

Seems like Sperzel's options should be well under water at this stage. Same story for his predecessor, or did he cash out (barely) on his way out the door? Poetic justice either way, not sure either of them want this company written on their gravestones.

 

nice call and almost 3 years to the day
T2 was a sh*Tshow from day 1

BK… comin’ UP!

 

Want a good laugh? Check out the company website. There is a CEO and…

that’s it. LMAO!!!! All rats have jumped.
FuSperweazel