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We don’t need this to be wrapped on Monday to see a significant increase in SP.
Looking for covering tomorrow. Some who are short, and who have been following along are not going to risk Mondays outcome.
Sorry I dont have a link. When the 10th was delayed to the 15th, it was announced that all matters will be addressed. Seems everyone involved wants this over with ASAP.
I think if this were going to be pushed back to January, they would have done it yesterday. The fact they pushed the date back just 5 days and are addressing ALL matters Monday is a great sign.
Did I just see 250K on the bid? lmao
Added here. 13 hours of trading left before court. And at 50% retracement from previous .50 spike. Not every short is going to risk it. Should get a bounce.
Could not disagree more. The fact that ALL matters were pushed back only 5 days shows the eagerness of all sides to get this settled ASAP.
Gotcha. Misread post.
Not if they’re naked. Which is what the tape of the past two weeks suggests.
I didn’t get that at all, but I like your enthusiasm.
No question. AAMRQ rose to $11 while still in BK, if I remember correctly. Not suggesting that kind of pop, but certainly in the $1-$2 range.
You’re partially correct. You’ve based you opinion on statistics. Although those statistics have absolutely no relevance to GT’s situation, which is cash flow positive with assets outweighing liabilities.
The difference is.. I based my opinion on numbers, facts, statistics, and a very confirmed downward trend.
I doubt anybody thinks you have the power to make a difference here. You're good.
Seems many are upset thinking I am responsible for the price dropping
His word play is a bit “colorful” at times to say the least. Overdone at others. Not sure that is going to do him / us any good in the eyes of the court, but who knows.
OPINION which is NOT BASED ON any relevant FACTS which have come to light since that writing.
Agreed. Any lurking longs see theres a clear agenda when someone bashes GTATQ and uses the word sickening and a smiley face in the same post. I’ve yet to see any FACTS in this case refuted by those on the board who are short GTATQ. I’ve yet to see any information being disseminated in court documents addressed in an intelligent and thoughtful matter by those short GTATQ on the board. Those who bash GTATQ by continually reposting GT comparisons to other BK companies, with nothing new to offer are spamming. Which last I checked, is a TOS violation.
LOL. Still trying to compare GT to a typical BK isn’t working.
No. That is not obvious at all. Pure speculation.
It's pretty obvious at this point shareholders are looking to be wiped out.
Usually companies file for bankruptcy when they are insolvent. Usually companies file for bankruptcy when their liabilities outweigh assets. Neither situation pertains to GT who has cash on hand and assets greater than liabilities. Truth is, shareholders likely to walk away whole. Sorry, it is what it is.
Nope. Not exactly funny, but a smart move that saved GT from ch 7.
Brilliant move that saved the company from a contract (that is becoming clear via released emails), was made in bad faith.
When GTATQ failed and then decided that the contract they read and signed was no longer good for them, this was a bad sign.
When a company has institutional holders, only because it's court ordered... bad sign.
When people start saying the pps doesn't matter...bad sign.
When a company hires people to stand around, and has to close down because it failed... bad sign.
When a company is no longer welcome on the NASDAQ, and becomes a stinky pinky penny stock.... bad sign.
I agree with your previous post regarding adequate representation. It may be perfectly clear to insiders that a settlement is right around the corner, making such a motion a moot point. Meanwhile there are still filing deadlines to meet, which is of course accompanied by much posturing on both sides. There is a ton of great DD on the board (with yours at the top of the list), and active participation by many members. The dissection of dockets and speculation on what it all means is a great way to pass the time. With that said, and short of another delay... I’m expecting concrete news Wednesday on the way forward.
How are you arriving at the June to Oct timeframe?
To what benefit?
I could honestly see Apple ditching Sapphire for Fall 2015 just to push this out longer.
Based on section 4, this isn’t getting settled on the 10th.
Sorry Tick, wrong... again. GT had $85M in the bank and NO delinquencies at time of filing. GT filed to get out of AAPL contract which would otherwise lead to serious liquidity issues. Again, this is ch11 restructuring, not ch 7 liquidation. But you knew that, right?
Bankruptcy is for liquidity problems... Why does everyone think it's only to get out of a contract? They couldn't pay the bills...
They didn't have the money to pay Apple and all its other creditors. NOT ENOUGH MONEY.
A 4 hour dep. Then legal sifts through the info. Then forms an opinion. Then has separate camps agree on said opinion. All in next 5 days, which includes a weekend. I don’t see it. Hope I’m wrong, but just don’t think it happens.
I take it the 10th is now out the window since there will have to be time made for the dep?
The best time to buy a company is when it's in trouble.
"The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.”
-WARREN BUFFETT Businessweek,1999
Noooo. Seriously??!!!!
Woooo Hoooo!!!!!!!
Thank you for proving my point. Previous BK’s are completely IRRELEVANT to Gt’s situation.
False. You have no relevant data to support that statement.
Not true Tick, lets be honest here. As has been pointed out on this board multiple times... GT management elected to enter Ch11 in order to get out from under a lopsided deal with AAPL. The judge agrees that AAPL created an untenable situation. GT management saved the company from certain death with this move. Those are facts, not opinion. On the other hand, your assertion that GT has bad management is of course, an opinion.
Any proof to back up a single statement in that post?
Last I checked, it’s the longs who are arguing the facts.
Might want to check your facts. AAPL offered to settle. Need the numbers again? It is what it is. Sorry.
The judge has made it clear that AAPL continually changed specs on GT, making production impossible. It is what it is. Sorry
How are you arriving at that figure? More math?
There have been countless posts here regarding the fact that AAPL created an untenable situation for GT. The judge agrees, and will rule on the 10th. Sorry.
Just stuck a fork in any credibility you had with that statement.