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An educated guess based on fact is more like it
Given what we know, I’ll take 7-3 odds any day. In absence of this case, I would’ve guessed an average of somewhere around 5%.
Great breakdown of the essential elements here. Deserves a sticky.
What does this mean exactly?
The judge is going to be pretty P.O.’d when he finds out about this. Considering he barred the top 5 instys from selling by way of court order. Oh, wait... I just read the Factset disclaimer. We’re good.
LMAO.
They could have saved a lot of time by simply saying...
WARNING: FACTSET DATA COMPLETELY USELESS.
Those who did not panic and sell for pennies on the dollar will be just fine once GT emerges from BK. Court docs and judges comments point to all systems go.
SP +29% in just over a week = buying.
STRONG support @.50 been climbing all week. Sorry
Care to comment on why you think AAPL is offering GT $150M in exit financing? How about AAPL announcing that it wants to work with GT in the future. Why would AAPL do that? How about AAPL accepting payment in full for the sale of furnaces only, and over a 4 year period? Any ideas? I mean if GT is going out of business...
Once in awhile....
Everything is someone else's fault. AAPL’s. But don’t take my word for it, the judge agrees. Sorry.
Point A. is in dispute as it had nothing to do with the furnaces and everything to do with power consumption which led to furnaces shutting down at critical points during production. See Squiller.
Points B & C are the authors assumptions, not fact.
Nice try though
I would add that using Ch11 to get out from under a crushing deal with AAPL, while GT was still solvent, and getting a favorable settlement from AAPL is going to look like a genius move once the judge signs off on it.
You know that in the vast majority of BK cases, the company has negative cash flow, is delinquent and has liabilities outweighing assets. Right? None of that is true here. Reality.
He/she’s unable to cite facts without direct contradiction to his/her own position. All you’re going to get from Sample and Uptick are useless references to other BK stocks which are completely irrelevant to GT. Folks on the board know GT filed for protection with $85M in the bank, no delinquencies and with assets exceeding liabilities. Hardly the definition of bankrupt. And the day to day squabbling over fractions of a penny is nothing more than something with which to pass the time.
Someone “dumped” 720K shares.... and the sp went up?
Judge ruled, in my opinion, to keep instys from needlessly wiping out equity when there is a good chance of commons emerging intact.
Thanks. Appreciate it.
Wake up? You show up here yesterday. It would take you at least a full day just to catch up on all of the DD. The short volume is representative of the fact that nearly all BK plays go to zero. This is not a typical play. Not in the least.
No question. Want to see this wrapped ASAP. Maybe I misunderstood your previous post. All I was saying is that the author to a piece like that is simply going off of previous news and adding half truths or out right lies. In the case of the [employee comments] in particular.
I highly doubt a clearly biased hit piece will have any effect on bond holders. They have much more info to go off of than the “author”. This is a stunt meant to shake the tree one last time.
And out come the hit pieces....
There is no new information here, with the exception of the bit about the employees (which offers no credible source, no names). These are all of the same accusations that flew back and forth, which resulted in the judge agreeing with GT’s assertions and AAPL offering an extremely favorable settlement. We know all about the damaged SG. GT claims it was due to power failures during the manufacturing process which has been discussed here at length.
Shorts trying to hammer this down one last time so they can GTFO.
Maybe 20% down, if you’re lucky... and quick.
Possible 10% downside vs. probable 1000%+ upside. Enjoy
Bondholders trying to drag this out and mess with our timeline.
Noteholders always seem to object to settlements, etc.
Still waiting...
Based on what exactly? AAPL accepting a 4 year payout on furnace sales only, in exchange for debt paid in full? or the $150M in exit financing? Or the fact AAPL has said it wants to continue working with GT? Or the solar deals that are coming about? Or the fact that liquidation is ch 7? or the fact that GT was not technically bankrupt when it filed for protection? Or the fact that assets outweigh liabilities? Or the fact that bond holders will accept a refi based on all the above considering they do not mature until 2017 &2020? Or the fact that GT retained Rothschild which bodes extremely well for shareholders?... How about we start with just one?... because I know I’m leaving more out.
Baseless.
Not happening in any meaningful way until commons are in the clear. Then....
Given that the judge has appeared to show a slight bias toward GT, I think he will take the fact that GT is out drumming up business into consideration.
A company not yet bankrupt files for ch11... gets out of impossible deal with AAPL basically unscathed and with $150M exit financing... and is now making huge deals for their solar business going forward. Anyone still worried about the survivability of commons?
it is a little known fact that little facts are in fact little known facts. GUESS THATS ALL HE HAS TO GO ON SINCE GTATQ FACTS SPEAK FOR THEMSELVES!
Would lessen the arm twisting for more exit financing.
Showing unsecureds and bond holders they don’t have to worry.
The judge has had a good idea of whats gone on from the start. He undersatnds GT will come out whole. Stopping insty’s of 5%+ from selling prevents them from needlessly wiping out a ton of equity that is returning shortly.
GT will be more fundamentally sound than it was at the close on OCT 3rd @ $11.27
Ding Ding Ding
People will always approach AAPL with business. Just going to be more cautious now.
.44, .54, .64.... not why I’m here, so not worried about it. This is getting back to $6-$8 minimum, starting with a 5 bag gap and run on BK exit news. Looking for it between Thanksgiving and Xmas break. Doubt anyone involved wants to start the new year dealing with this s**t