[joezydeco]

I don't agree that this is schadenfreude.

Here was a company that popped up, literally out of nowhere, claiming to have a handle on microfluidic diagnostic assays...something that the major players in the industry haven't been able to get off the ground since ELISA came along in the 1960s.

The skeptics were quiet at first. I mean shit, they landed Walgreen's and Kroeger! It must work, right?

Now we discover a little more of the truth and it's a lot safer to say "put up or shut up".

[kzhahou]

It's absolutely schadenfreude! Company appears to have led VCs, investors, and the public, and is actually getting called out for it. Lots of people (myself included) thought the whole thing smelled funny a while back.